August 12, 2020 – Executive search firm Acertitude recently recruited Bruce Duner as the new chief financial officer of Veritas Capital-backed OnSolve, a global provider of software-as-a-service (SaaS)-based mass notification and critical communication solutions for enterprise, mass market and government organizations. During the pandemic, OnSolve has played a critical role in helping businesses and government agencies with communication and crisis planning challenges, said Acertitude.
The search was completed in 104 days by Scott Carberry, senior partner at Acertitude. Mr. Carberry closely advised OnSolve CEO Mark Herrington and key stakeholders at Veritas Capital.
“If ever there was a CFO suited to take on the opportunities that lie ahead for OnSolve, it is Bruce,” said Mr. Carberry. “He has done an amazing job building financial strategies, best practices and high-performance teams throughout his career. It’s an exhilarating time to join as OnSolve continues to establish its position as the front-runner in the critical event management market, and we look forward to seeing Bruce shape the company’s growth and success well into the future.”
“I am thrilled with the leadership team we have built here at OnSolve,” said Mr. Herrington. “With the addition of Bruce, I am even more confident that our company is well-positioned for market leadership and growth in the critical event management and mass notification spaces.”
Mr. Duner joins the executive team with a 30-year track record of leadership in creating and transforming business strategy into success. Most recently, he served as CFO of MRI Software, where he led all financial and administrative operations. Mr. Duner also held CFO roles with Accela, Bomgar Corp., Surgical Information Systems and Wonderware.
As CFO, Mr. Duner will lead all accounting, financial planning and analysis, facilities, internal systems teams, and provide strategic insights to guide business operations. He will focus on maximizing enterprise value while ensuring the company’s strategy and investments align to best serve customers. He will also play a major role in the company’s continued business transformation, as the company executes its go-to-market and international growth strategies.
Founded in 2015, Acertitude specializes in recruiting CEO, C-suite and executive talent in the consumer, financial, healthcare and life sciences, industrial, private equity, professional services and technology sectors. Its consultants work from offices in Boston; London; Los Angeles; New York; Philadelphia; Providence, RI; Raleigh, NC; Shanghai; Tampa, FL; and Washington, D.C.
Mr. Carberry brings more than 20 years’ experience in sales, management and executive search. He leverages functional and industry expertise on assignments and brings a record that spans several industry verticals and functional areas. He has completed leadership assignments for a range of high-level roles, including president, chief operating officer, partner, practice leaders, service and business unit executives as well as executive sales and marketing talent. Mr. Carberry specializes in professional services spanning consulting, outsourcing, IT services, digital transformation and enterprise software.
Modern Day CFO
A report by Stanton Chase International found that the CFO role continues to evolve at an escalating pace. As the job expands to include more non-traditional financial accountabilities, CFOs recognize that they must develop new skills to lead.
Transitioning CFOs Seen Fast Tracking to CEO
La Quinta’s naming of Keith Cline as company president and chief executive officer is the latest in a running catalog of completed CEO searches that have resulted in the winning candidate coming from the CFO slot. Korn Ferry took on the search last fall after Wayne Goldberg stepped down from the post last September.
“With technology increasingly shaping and disrupting corporate strategy and the way organizations operate, CFOs must remain poised for more change ahead, and be prepared to quickly and continuously innovate to keep pace with digital transformation,” Stanton Chase said.
The report found that technology, and the unique opportunities it offers, presents new challenges and demands for CFOs. Among them, CFOs must take on a greater role in attracting, developing and retaining top tech-savvy leadership talent that can leverage new technologies within their organizations, allowing them to focus on developing and driving corporate strategy to remain competitive.
The tide has clearly turned, and the CFO’s focus has irrevocably shifted from “traditional” finance responsibilities to finding ways that finance can add measurable business value. “Technology is both a driver and an enabler of this shift,” the report said.
Contributed by Scott A. Scanlon, Editor-in-Chief; Dale M. Zupsansky, Managing Editor; and Stephen Sawicki, Managing Editor – Hunt Scanlon Media