CarterBaldwin Places SVP of Corporate Development at Cardlytics
July 24, 2019 – Corporate development refers to the planning and execution of strategies to meet organizational objectives. The kinds of activities falling under corporate development may include management team recruitment, phasing in or out of markets or products, arranging strategic alliances, identifying and acquiring companies (M&A), securing corporate financing, divesting of assets or divisions, and management of intellectual property.
With the growing importance of the corporate development role especially in private equity, it’s no wonder why organizations turn to executive search firms to fill these positions.
Recently, CarterBaldwin Executive Search recruited Dustin Renn as senior vice president of corporate development of NASDAQ-traded Cardlytics in Atlanta. Managing partner David Clapp led the search along with associate partner Derek Broyard.
“As speed to market and scale become critical components of our overarching strategy, inorganic growth is naturally part of that equation,” said David Evans, CFO of Cardlytics. “Dustin brings substantial strategy and deal expertise, including 15 years of experience across investment banking, private equity, and corporate development, which will be instrumental as we evaluate options to accelerate our growth.”
Prior to joining Cardlytics, Mr. Renn was a principal at Greater Sum Ventures where he ran acquisitions for the early stage private equity firm. Previously, he led corporate development and M&A efforts for Equifax and Global Payments where he led teams in M&A execution and strategic corporate development. Mr. Renn also held positions at Goldman Sachs, Booz Allen Hamilton and Capital One. He holds a bachelor’s degree in economics from Vanderbilt University and an MBA from the University of Virginia.
Cardlytics uses purchase intelligence to make marketing more relevant and measurable. The company partners with financial institutions to run their banking rewards programs that promote customer loyalty and deepen banking relationships. Cardlytics uses these insights to help marketers identify, reach and influence likely buyers at scale, as well as measure the true sales impact of marketing campaigns.
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In his new role, which was created to support Cardlytics’ rapid growth, Mr. Renn will develop and lead corporate M&A strategy.
Proven Search Consultants
Headquartered in Atlanta, CarterBaldwin provides executive search services in the healthcare, technology, non-profit, consumer services, industrial and media/telecom sectors. Its clients include a number of name-brand institutions, such as KPMG, ADP, Teradata, First Data, Duke University, Pepperdine University, New York Life, Fleet Pride and Berkshire Hathaway.
Mr. Clapp’s search practice spans C-suite, officer and VP level searches for a diverse client base of global fortune 1000 corporations, mid-market companies, professional service firms and non-profit/mission oriented enterprises. He also works with multiple private equity and venture firms on key leadership assignments for portfolio companies. Mr. Clapp brings a distinct client-side empathy and perspective to his search practice, having entered executive search after a 25 year business career that included leadership roles in large global corporations as well as several successful early stage/startup ventures.
Mr. Broyard has been with CarterBaldwin for 14 years and has a history serving clients across multiple industries, including manufacturing, technology, and B2B services. He has earned a strong reputation for client service by being involved in every step of the search process and supporting each of the stakeholders involved to ensure a successful outcome. Mr. Broyard has recruited and placed C-level, VP and director level leaders across North America. In addition to his responsibilities as an associate partner, he has been the leader of CarterBaldwin’s recruiting and research functions, and serves as the key driver of the firm’s proprietary search process and search technology platform.
Contributed by Scott A. Scanlon, Editor-in-Chief; Dale M. Zupsansky, Managing Editor; Stephen Sawicki, Managing Editor; and Andrew W. Mitchell, Managing Editor – Hunt Scanlon Media
