Respected global business leader who has proven strategic and operational success across technology, media, and financial sectors over the past 30 years. A results-oriented leader with strong strategic skills, extensive operational expertise and solid financial acumen. Significant experience in leading business transformation at varying stages of business growth cycles, including pre and post IPO. Areas of experience
Respected global business leader who has proven strategic and operational success across technology, media, and financial sectors over the past 30 years. A results-oriented leader with strong strategic skills, extensive operational expertise and solid financial acumen. Significant experience in leading business transformation at varying stages of business growth cycles, including pre and post IPO. Areas of experience include:
■ Leadership and management ■ B2B SaaS solutions and business models
■ Business growth and transformation ■ B2C digital marketing and e-commerce
■ Mergers and acquisitions ■ Cost management
Board Member and Chairman of the Compensation Committee @ Benefitfocus (NASD: BNFT) is a market leading SaaS based B2B provider of benefits technology. From December 2013 to Present (2 years 1 month) Charleston, South Carolina AreaPresident and Chief Executive Officer @ Led a $300M provider of technology-based language and literacy learning solutions.
■ Strategically shifted the focus of Rosetta Stone from a CD-based Consumer company to a market leading SaaS-based provider of language and literacy technology solutions serving Global Corporate and K-12 markets.
■ Changed product development from waterfall approach to agile and increased innovation, shortened development cycles and increased commitment to our customers.
■ Purchased and successfully integrated four companies, which accelerated growth of the B2B SaaS based business and expanded our product offering.
■ Moved the Consumer product to the cloud enabling functionality on laptops, tablets, and phones.
■ Changed consumer marketing away from long form infomercials to offline and online aspirational messaging using mobile, social, video, display and search marketing programs. Also implemented attribution modeling to improve the effectiveness of marketing.
■ Actively managed the cost base of the Consumer business and international business to fund B2B investments and generate returns for shareholders. From February 2012 to April 2015 (3 years 3 months) Washington D.C. Metro AreaBoard Member and Chairman of the Audit Committee @ Eloqua (NASD:ELOQ) is a market leading SaaS provider of marketing automation and revenue performance management software, which was purchased by Oracle for $1 billion in 2013. From August 2011 to February 2013 (1 year 7 months) Washington D.C. Metro AreaChief Financial Officer @ From November 2010 to March 2012 (1 year 5 months) Washington D.C. Metro AreaExecutive Vice President and Chief Financial Officer @ Led the financial team for Comverse (NASDQ: CMVT), a $1.5B provider of billing, voice mail, and SMS text software solutions for telecom and cable companies. Responsible for Financial Planning and Analysis, Treasury, Controllers, Tax, Divisional Finance, Accounting Policy, and Internal Audit.
■ Led restatement process and re-launched the Company into the public markets.
■ Revamped planning, forecasting, and budgeting processes.
■ Developed and consistently measured key business drivers and competitive metrics.
■ Led key meetings and discussions with the Staff of the Securities and Exchange Commission.
■ Developed and executed messaging for the initial investor call and subsequent meetings with large institutional investors.
■ Brought leadership and data to critical strategy sessions, which helped shift the business to billing and services away from voice mail and SMS text software.
■ Drove focused investment and cost containment around voice mail and SMS text businesses. From May 2009 to November 2010 (1 year 7 months) Greater New York City AreaExecutive Vice President and Chief Financial Officer @ Led the finance team for Fannie Mae (NYSE: FNMA), one of the largest financial institutions in the country with a balance sheet of $900B and $2.5 trillion of off-balance sheet mortgage exposure. Responsible for Financial Planning and Analysis, Controllers, Tax, Divisional Finance, Accounting Policy and Investor Relations.
■ Recruited to lead and transform the Finance Department in order to restore credibility with investors and regulators immediately prior to the worst housing crisis in history.
■ Improved financial processes, resolved material internal control weaknesses and returned the Company to a timely filer with the Securities and Exchange Commission.
■ Developed planning, forecasting, and stress scenario processes.
■ Maintained strong relationships with the Securities and Exchange Commission and regulator. From May 2007 to August 2008 (1 year 4 months) Washington D.C. Metro AreaExecutive Vice President and Chief Financial Officer @ Led the finance team for America Online, a subsidiary of Time Warner (NYSE: TWX), one of the largest internet service providers in the country with over 25M global subscribers and subscription and advertising revenues of $8B. Responsible for Corporate Strategy, Financial Planning and Analysis, Controllers, M&A, Tax, Divisional Finance, Corporate Shared Services, India Operations Support, and Facilities.
■ Unbiased business partner of the CEO and divisional executive vice presidents.
■ Led major work streams to enable the company to transition from a subscription based dial-up business to an advertising-based business.
■ Led a number of strategic acquisitions, including a large digital advertising network and optimization platform, market leading web email company, and a blogging platform and digital publishing company.
■ Led a number of cost initiatives, including moving technology, accounting, and membership analysis operations to India and creating a shared services organization. From February 2003 to February 2007 (4 years 1 month) Executive Vice President of Finance and Administration @ From 2002 to 2003 (1 year) Greater Atlanta AreaVarious Financial Positions @ From 1998 to 2002 (4 years) Partner @ From 1997 to 1998 (1 year) Deputy Chief Accountant @ From June 1995 to August 1997 (2 years 3 months) Washington D.C. Metro Area
BBA, Accounting and Finance @ University of Michigan - Stephen M. Ross School of Business From 1979 to 1983 Steve Swad is skilled in: Strategy, Leadership, Financial Analysis, Executive Management, Mergers & Acquisitions, Finance, Investments, Business Strategy, Mergers, Strategic Partnerships, Management, Financial Modeling, Start-ups, Business Development, Corporate Development
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