April 5, 2018 – ChampionScott Partners, which specializes in senior-level appointments for technology and technology-enabled companies, recently completed the placements of three CEOs: David Anderson at InsPro Technologies Corp., Brian McLaughlin at Alula Holdings and Benjamin (Ben) Allen at iJET.
Mr. Anderson brings more than 30 years of business leadership experience in the insurance and financial services industries with him to InsPro, a leading provider of core policy administration software for group and individual life, health and annuity products. The company is private equity sponsored by Cross Atlantic Capital Partners.
Most recently, Mr. Anderson was CEO of TIAA-CREF Life. Previously, he worked for 27 years with Thrivent Financial, where he held senior roles including leading front-office operations for insurance and investments, service and sales support operations for the company’s distribution force, and the implementation of Lean Six Sigma, a combination of methodologies to improve quality and reduce waste, across the enterprise.
A Veteran Leader
Through its subsidiary, InsPro Technologies LLC, InsPro Technologies Corp. offers InsPro Enterprise, an end-to-end, web-based policy administration system used by insurance carriers and third-party administrators. By managing the entire product and policy lifecycle on a single integrated platform, customers can accelerate new product introductions, lower costs, increase customer satisfaction and improve operational performance.
Companies Remain Unprepared to Fill CEO Vacancies
While many companies are performing some form of succession planning for their CEO posts, most are not doing enough to ensure a successful transition, according to a new report, “CEO Succession Planning Survey,” conducted by consulting firm AlixPartners and executive search firm Vardis.
Mr. McLaughlin comes to Alula Holdings with more than 25 years of leadership experience. Alula is private equity sponsored by ABS Capital. Mr. McLaughlin previously worked as president of the transportation mobility division of Trimble, a global connected transportation technology company. Before that, he was president of PeopleNet. He joined that company in 2001 and led it through its acquisition by Trimble 10 years later. During his tenure at PeopleNet, Mr. McLaughlin led global, high-performance product innovation, marketing and sales teams while transitioning the company to a SaaS solutions business. He is also a leader within the industry, helping to shape policy standards while working with numerous industry and market-focused organizations on technology and safety initiatives.
Alula is a security platform that delivers security simplified for independent security dealers and installers and their customers. Designed for professional security professionals, the Alula platform provides a complete security, alarm, video and automation solution for renters, homeowners and commercial installations. Alula is a business-driven security platform designed to reduce truck rolls, increase RMR, simplify inventory and put dealers in control of their business, their customers and their revenue.
Mr. Allen joined iJET with over 20 years of experience in public and private equity sponsored global companies. An intelligence-driven integrated risk-management company, iJET is sponsored by LLR Partners and EGIS Capital.
As CEO Turnover Rises, Outsiders Are Given a Closer Look
Last year, 17 percent of the largest 2,500 public companies in the world changed their CEO, more than in any of the previous 16 years of the “CEO Success Study” from Strategy&, PwC’s strategy consulting business.
Prior to iJET, Mr. Allen worked as president at Marsh & McLennan Agency, a global professional services firm. Previously, he was president and CEO of Kroll Inc., an operating unit of Marsh & McLennan Companies, until its sale in 2010. Earlier, he served as chief operating officer for Kroll and prior to that, president of Kroll Ontrack, Kroll’s subsidiary for legal technologies and data recovery. Leading up to Kroll’s acquisition of Ontrack, Mr. Allen was president and CEO of Ontrack Data International Inc. In that role, he grew the business and its market share from $50 million to nearly $350 million. He began his career in sales with Ceridian Employer Services.
iJET International provides intelligence-driven, integrated risk management solutions that enable multinational organizations to operate globally. iJET’s end-to-end, tailored solutions integrate world-class operational threat intelligence, innovative technology, and response services to help organizations avoid threats, mitigate risk and protect their people, operating locations, and reputation.
ChampionScott Partners is a leading retained executive search firm focused on delivering leadership solutions for technology and technology-enabled companies, globally. Throughout every search the firm undertakes, it applies the strategic insights of an experienced search partner, the operating skills of an internationally expert management team, and the recruiting abilities of a premier executive search firm.
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