Polachi Recruits CFO for MAM Software Group

November 6, 2015 – Executive recruiters Polachi Inc. has placed Brian H. Callahan as chief financial officer of MAM Software Group, Inc. Charley Polachi, managing partner, led the assignment.

Mr. Callahan joins the company from Alteva, where he served as EVP, CFO, corporate secretary and treasurer. Before that, he was with Expert Global Solutions, where he served in positions of increasing responsibilities including director of financial reporting and VP – financial reporting, leading up to SVP of finance and treasury. Earlier in his career he was with PricewaterhouseCoopers, LLP as a senior associate. Mr. Callahan is a member of The Association for Corporate Growth (ACG), an organization focused on mergers and acquisitions and corporate growth.

“Brian’s previous success leading financial teams in cloud-based technology companies, with software as a service business models, will be invaluable as we continue to evolve our business to the cloud,” said Mike Jamieson, MAM Software president and CEO. “The MAM board and I look forward to working with Brian and are confident he will be a tremendous asset to the business as we move forward.”

MAM Software is a global provider of on-premise and cloud-based business management solutions for the auto parts, tire and vertical distribution industries. The company provides a portfolio of innovative software (SaaS and packaged), data (DaaS), and integration (iPaaS) services that enable businesses to manage core business processes, control costs and generate new profit opportunities.

Mr. Polachi has a long history of placing CFOs at technology, clean technology, private equity and venture capital companies. In the last eight months, he has recruited CFOs for mobile retail platform provider NewStore, cloud-based Healthcare IT solutionsproviders Park Place International, and Bottomline Technologies, providers of cloud-based payment, invoice, and digital banking solutions.

According to recent research, about one fifth of companies change their CFOs annually, and the market for financial officers talent has become increasingly competitive over the past year — with the best candidates often considering multiple opportunities at any one time.

Tightening talent pipelines are edging up CFO pay packages, according to recruiters, making the hunt for CFOs one of the more lucrative areas of the headhunting business.

Some leading CFOs, like Kathryn Mikells, newly named CFO to premium drinks business Diageo in London, are so in demand that multiple offers have resulted in multiple CFO postings over a short period of time: Ms. Mikells has held five public company CFO chairs in the last five years at companies all considered leaders in their field, including Xerox, ADT, NALCO, and United Airlines, in addition to her recent posting at Diageo.

Contributed by Dale M. Zupsansky, Managing Editor, Hunt Scanlon Media

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