October 27, 2016 – Executive search firm Lonergan Partners has recruited Rahul Mathur as senior vice president and chief financial officer at Rambus. The search was led by partner Dotty Schaffer. In his new role, Mr. Mathur will be responsible for the overall financial direction of the company.
Prior to joining Rambus, Mr. Mathur served as SVP of finance at Cypress Semiconductor where he was responsible for financial planning and investor relations for the $2.1 billion provider of embedded memory, microcontroller, and analog semiconductor system solutions. Prior to that, he served as VP of finance at Spansion (later acquired by Cypress). He has previously worked at numerous technology companies such as NetSuite and KLA-Tencor, and started his career as a consultant with Arthur Andersen.
“The best CFOs are highly analytical, help the business to thrive and have the leadership and positive attitude to carry the strategy ahead,” said Ms. Schaffer. “Rahul has demonstrated that he is this type of leader.”
“Rahul brings to Rambus extensive experience of managing assets and highlighting market relevance which will help the public markets better understand and appreciate the value we bring to our customers and target areas,” said Dr. Ron Black, president and chief executive officer of Rambus. “As we focus on the data center and mobile edge markets, we believe we are on the cusp of great opportunity and Rahul is right person to help us achieve our revenue and growth goals.”
Rambus creates innovative hardware and software technologies, driving advancements from the data center to the mobile edge. Its chips, customizable IP cores, architecture licenses, tools, services, software, training and innovations improve the competitive advantage of our customers.
Lonergan Partners focuses on the recruitment of CEOs and C-level executives for technology companies. Its clients include Ancestry.com, Angie’s List; Cirrus Logic; Dell; Goldman Sachs; Google; looksmart; Rubicon Technologies; Silicon Image; Tessera; United Online, among others.
New CFO Profile Emerging
Many executive recruiters say the list of skills required of CFOs, even the most seasoned finance chiefs, is long and growing: operational skills, leadership presence, long-term vision, industry expertise, investor relations savviness, and a global outlook are among them.
At the same time, the dynamics of the CFO market have changed significantly over the last few years, driven by several trends, including a rising number of CFOs taking early exits, the relative paucity of younger sitting CFOs, and many public companies expressing a strong preference for seasoned CFO candidates, according to a report by Deloitte.
“We tell aspiring CFOs to get strategic about their career development as early as possible and adopt a talent investment approach in five-year segments,” Peter Crist, of Crist | Kolder Associates, said in the report.
“That means thinking about the ROI from the roles they take and skills they build in terms of having the complete CFO toolkit organizations want in their next CFO. First and foremost for finance talent is gaining operational experience because it addresses so many elements of the CFO profile companies are looking for: strategic thinking, leadership, partnering with the business.”
Contributed by Dale M. Zupsansky, Managing Editor, Hunt Scanlon Media