ON Partners Recruits CISO for SPS Commerce
November 6, 2023 – Increasingly, organizations of all sizes are awakening to the perils posed by cyberattacks. For years, many groups tried to ignore the problem, dismissing cybersecurity as a concern only for the biggest, most high-profile entities, be they government or corporate. These days, more groups are coming to understand how ruinous such intrusions could be. This has led to a dramatic rise in the demand for cybersecurity executives and search firms in this sector continuing to grow. Baillie Parker of ON Partners recently assisted in the placement of Scott Ostrander as vice president and chief information security officer of SPS Commerce.
Mr. Ostrander has a decorated career as a cybersecurity executive managing the security landscape across organizations. He joins SPS Commerce from Medtronic, where he served in multiple most recently senior IT director – security architecture and engineering. There, he was responsible for driving strategic direction and execution of protective security functions.
“I am very excited to be joining SPS Commerce as vice president and chief information security officer,” said Mr. Ostrander. “Today’s supply chain depends on robust and resilient systems and I look forward to helping secure and defend the leading retail supply chain network.”
SPS Commerce is a retail network, connecting trading partners around the globe to optimize supply chain operations for all retail partners. They support data-driven partnerships with innovative cloud technology, and customer-obsessed service. SPS Commerce currently has more than 105,000 companies in retail, distribution, grocery, and e-commerce. The company is headquartered in Minneapolis, MN.
Related: Demand for Cybersecurity Talent Sets Salaries Soaring
With a primary focus on technology, consumer, industrial, and the life science sectors, ON Partners recruits C-level and board talent for public and private companies, as well as venture capital and private equity firms. Founded in 2006, the firm’s consultants work from offices in Atlanta; Boston; Chicago; Cleveland; Dallas; Menlo Park, CA; Minneapolis, MN; San Francisco; and New York. ON Partners was named one of the fastest growing search firms this year by Hunt Scanlon Media. The firm is now ranked as one of the 20 largest search firms in the nation.
Compensation for Cybersecurity Leaders is on the Rise
The CISO role was partially shielded from the macroeconomic challenges of 2023. The average increase in total compensation among CISOs was 11 percent in the latest comp cycle—a drop from 14 percent in 2022, but a relatively small dip in light of the economic climate. One in five CISOs didn’t receive an increase in compensation. IANS Research and Artico Search jointly fielded the fourth annual Compensation and Budget survey. Between April and August 2023, we received compensation data from more than 600 CISOs in the U.S. and Canada.
The sample has strong representation from firms in eight industries—finance, tech, healthcare, manufacturing, retail, consumer goods and services, business services, and legal—with varying ownership structures including privately owned, publicly listed firms and quasi-government entities. Their revenues range from less than $100 million to more than $150 billion. This report combines survey data with insights from executives at Artico Search, in particular Matt Comyns, co-founder and president, and Steve Martano, partner in Artico’s cyber practice. “Many companies that invested in security heavily in 2021 and 2022 are scaling back in 2023,” Mr. Comyns said.
Mr. Parker focuses on board, C-level, and VP-level placements for leading private equity and venture backed companies. His search experience spans over a decade and across a range of functions and disciplines for both private and multi-billion-dollar public companies. He has completed more than 300 searches for C-level, board, and high-level executive leaders.
Recent Assignment
Tim Conti of ON Partners recently assisted in the recruitment of Jennifer Moses as CFO of Investors Management Corp. (IMC) in Raleigh, NC. Ms. Moses was most recently CFO of G1 Therapeutics. In this position, she was responsible for SEC reporting, financing planning and analysis, and treasury. Previously, Ms. Moses was a partner at Rankin McKenzie LLC, where she served as acting chief financial officer and controller for venture-backed companies.
Established in 1971, Investors Management Corp. is a private equity investment firm. The firm focuses on companies in the automotive aftermarket, food and beverage, healthcare, and building materials and lumber industries.
Related: The Hunt for Cyber Technology Leaders Heats Up as Risks Multiply
Contributed by Scott A. Scanlon, Editor-in-Chief; Dale M. Zupsansky, Executive Editor; Lily Fauver, Senior Editor – Hunt Scanlon Media
