LastPass, a $200M fast-growing security company privately backed by Francisco Partners as the global leader in zero-knowledge password management, recently built its executive leadership team through the guidance of new CEO, Karim Toubba.
First Half 2020 Finance Update – Executive Success
In the first half of 2020, ON Partners consultants completed several high-level executive finance and accounting placements for a wide range of organizations including Shake Shack, Crocs, Creation Technologies, Spin and Luminar Technologies.
Over the years, ON Partners has placed some of the best and brightest financial leaders to drive innovation and success for organizations of all shapes and sizes. Based on our expertise across all industries and organizational types, our consultants understand the changing dynamics of finance and accounting roles.
First Half 2020 Executive Placements
We believe a better executive search experience matters, and that experience starts with expert, tenured specialists. We’ve been closely tracking shifts in leadership demand as it relates to finance and accounting during the pandemic, and our team of consultants have made a significant number of recent placements in the space, including:
Anju Software– CFO
Anju Software is a private equity backed (ABRY Partners), high growth life sciences software company. ON was tasked with finding a CFO with strong private equity and systems experience.
Creation Technologies – VP, FP&A
ON consultant: Lenny Vairo
Creation Technologies LP is a global electronics manufacturing services provider. It provides end-to-end, scalable Electronic Manufacturing Services (EMS) that enable OEMs to create greater value for their industries, markets and customers.
Crocs – VP, Corporate Finance
ON consultant: Joe Olson
Crocs, Inc. is a world leader in innovative casual footwear for women, men and children. Crocs offers a broad portfolio of all-season products, while remaining true to its core molded footwear heritage.
Epicor – CAO
Epicor is a private equity backed (KKR) enterprise software company. ON tasked with finding a CAO who has successfully exited a late stage PE-backed company.
Logistic Dynamics – CFO
ON consultant: Tim Conti
Founded in 2003, Logistic Dynamics, Inc, is one of the fastest growing logistics providers in the North America. Based in Buffalo, NY, the company operates through an ever-growing network of 100+ freight brokerage operations centers.
Luminar Technologies – CFO
Founded in 2012, Luminar is an autonomous vehicle sensor and software company with the vision to make autonomy safe and ubiquitous by delivering the only platform that meets the industry’s stringent safety and economic requirements. The company has rapidly adopted over 40 industry partners, including 12 of the top 15 automotive companies.
Shake Shack – SVP, Corporate Controller
ON consultant: Joe Olson
Shake Shack is a public (NYSE:SHAK) high growth, fast-casual restaurant based out of New York.
Spin – VP of Finance
Spin provides dockless electric scooters in more than 60 markets in the US, including San Francisco, Los Angeles, Washington DC, Charlotte, and Miami.
StarCompliance – CFO
StarCompliance is a private equity backed (Luminate Partners) compliance SaaS company targeting large enterprises and financial institutions.
TeraRecon – CFO
TeraRecon is a private equity backed (SymphonyAI) medical imaging SaaS + AI company disrupting the healthcare space.
Predictions for the CFO Future
The post-pandemic recovery will be slow, but new opportunities will emerge. The versatile CFO who truly understands the business and is an approachable business partner can drive operational excellence and sometimes accelerated strategic investments that are game-changing. At the same time, the discipline and cadence around corporate reporting, resource allocation, and cash and financial enablement will continue to be essential.
CFOs leading through a crisis must have strong business acumen in order to simultaneously prioritize short-term survival and future growth.
“The wartime CFO lives in the world of cost cutting and cash flow forecasting,” says ON Partners’ Lenny Vairo.
“Those who have proactively learned the business and been enablers to the functions in the past, however, will be best prepared to pivot the business and more effectively execute difficult decisions.”
For more of ON’s view on evolving finance leadership demand, visit the ON Viewpoint series.
Learn more about our finance executive search services here.
ON Partners propels an organization’s mission by building C-level and board leadership teams. Founded in 2006 by like-minded consultants as a values-driven alternative to the multi-service global firms they were leaving behind, ON delivers a better executive search experience. Named by Forbes as one of America’s Best Executive Recruiting Firms and to the Inc. 500/5000 Lists six times, the firm is consistently ranked among the top 20 retained executive search firms in the U.S. For more information, see our results here.
Find our related successful placements of leading executives here.
About ON Partners
Since 2006, ON Partners is the only pure-play executive search firm building diverse C-level and board leadership teams. We rebuilt the institution of executive search for the way you work. Our approach includes present partners who engage with their clients from the first brief to the final decision, individually crafted solutions that are unique to each client, and an easier experience all around. Named by Forbes as one of America’s Best Executive Recruiting Firms and to the Inc. 500/5000 Lists nine times, ON Partners is consistently ranked among the top 20 retained executive search firms in the U.S.
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