Backblaze Names Marc Suidan Chief Financial Officer
Backblaze (Nasdaq: BLZE), a cloud storage company, has appointed Marc Suidan as its new Chief Financial Officer, effective August 16, 2024. Suidan, with over 20 years of experience, has a strong background in technology and media sectors. He previously held leadership roles at PricewaterhouseCoopers and McKinsey & Company, and was most recently CFO at The Beachbody Company. CEO Gleb Budman praised Suidan’s expertise and leadership, highlighting their importance in driving growth and shareholder value. Suidan will replace Frank Patchel, who is retiring in Q3 2024. Patchel was commended for his contributions, including leading the company through its IPO.
Backblaze (Nasdaq: BLZE), un'azienda di cloud storage, ha nominato Marc Suidan come nuovo Chief Financial Officer, con effetto dal 16 agosto 2024. Suidan, con oltre 20 anni di esperienza, ha un solido background nei settori della tecnologia e dei media. Ha precedentemente ricoperto ruoli di leadership in PricewaterhouseCoopers e McKinsey & Company, ed è stato recentemente CFO presso The Beachbody Company. Il CEO Gleb Budman ha lodato l'expertise e la leadership di Suidan, sottolineando la loro importanza nel guidare la crescita e il valore per gli azionisti. Suidan sostituirà Frank Patchel, che si ritirerà nel terzo trimestre del 2024. Patchel è stato elogiato per i suoi contributi, incluso il suo ruolo nel guidare l'azienda attraverso l'IPO.
Backblaze (Nasdaq: BLZE), una empresa de almacenamiento en la nube, ha nombrado a Marc Suidan como su nuevo Director Financiero, con efecto a partir del 16 de agosto de 2024. Suidan, con más de 20 años de experiencia, tiene un sólido historial en los sectores de tecnología y medios. Anteriormente ocupó puestos de liderazgo en PricewaterhouseCoopers y McKinsey & Company, y fue recientemente CFO en The Beachbody Company. El CEO Gleb Budman elogió la experiencia y el liderazgo de Suidan, destacando su importancia para impulsar el crecimiento y el valor para los accionistas. Suidan reemplazará a Frank Patchel, quien se jubilará en el tercer trimestre de 2024. Patchel fue elogiado por sus contribuciones, incluyendo el liderazgo de la empresa durante su OPV.
백블레이즈(Nasdaq: BLZE)는 클라우드 스토리지 회사로서 2024년 8월 16일부터 마크 수이단을 새로운 최고 재무 책임자(CFO)로 임명했습니다. 수이단은 20년 이상의 경험을 보유하고 있으며 기술 및 미디어 분야에서 강력한 배경을 가지고 있습니다. 그는 이전에 프라이스워터하우스쿠퍼스와 맥킨지 & 컴퍼니에서 리더십 역할을 맡았으며, 최근에는 더 비치바디 컴퍼니에서 CFO로 일했습니다. CEO 글렙 부드만은 수이단의 전문성과 리더십을 칭찬하며, 이들이 성장과 주주 가치를 증대시키는 데 중요하다고 강조했습니다. 수이단은 2024년 3분기에 은퇴하는 프랭크 패첼을 대체할 예정입니다. 패첼은 기업공개(IPO)를 통해 회사를 이끈 기여로 찬사를 받았습니다.
Backblaze (Nasdaq: BLZE), une entreprise de stockage cloud, a nommé Marc Suidan comme nouveau Directeur Financier, à compter du 16 août 2024. Suidan, fort de plus de 20 ans d'expérience, possède un solide parcours dans les secteurs de la technologie et des médias. Il a précédemment occupé des postes de direction chez PricewaterhouseCoopers et McKinsey & Company, et était récemment CFO de The Beachbody Company. Le CEO Gleb Budman a salué l'expertise et le leadership de Suidan, soulignant leur importance pour stimuler la croissance et la valeur pour les actionnaires. Suidan remplacera Frank Patchel, qui prendra sa retraite au troisième trimestre 2024. Patchel a été félicité pour ses contributions, y compris sa direction de l'entreprise lors de son introduction en bourse.
Backblaze (Nasdaq: BLZE), ein Unternehmen für Cloud-Speicher, hat Marc Suidan zum neuen Finanzvorstand (CFO) ernannt, der am 16. August 2024 seinen Dienst antreten wird. Suidan bringt über 20 Jahre Erfahrung mit und hat einen soliden Hintergrund in den Bereichen Technologie und Medien. Zuvor hatte er Führungspositionen bei PricewaterhouseCoopers und McKinsey & Company inne und war zuletzt CFO bei The Beachbody Company. CEO Gleb Budman lobte Suidans Fachwissen und Führung, wobei er deren Bedeutung für das Wachstum und den Wert für die Aktionäre betonte. Suidan wird Frank Patchel ersetzen, der im dritten Quartal 2024 in den Ruhestand geht. Patchel wurde für seine Beiträge, einschließlich der Leitung des Unternehmens während des Börsengangs (IPO), gewürdigt.
- Marc Suidan's appointment as CFO could drive financial growth and innovation.
- Suidan brings over 20 years of experience, including leadership roles at major firms like PricewaterhouseCoopers and McKinsey & Company.
- Suidan's previous role as CFO at The Beachbody Company demonstrates his capability in managing publicly held companies.
- Frank Patchel's retirement could lead to a transition period with potential uncertainties.
Insights
The appointment of Marc Suidan as CFO of Backblaze is a neutral development for the company's immediate financial outlook. While Suidan brings extensive experience in technology and SaaS sectors, the impact of a CFO change typically takes time to materialize. His background with public companies and advisory roles suggests potential for improved financial strategy and investor relations.
Investors should watch for any shifts in financial reporting or strategy in the coming quarters. The smooth transition from Frank Patchel, who led the company through its IPO, is positive for continuity. However, Suidan's true impact on Backblaze's growth and profitability goals will only become clear over time. The market's reaction to this news is likely to be muted in the short term.
Suidan's appointment signals Backblaze's commitment to scaling its operations in the competitive cloud storage market. His experience with SaaS and cloud companies aligns well with Backblaze's vision of an open cloud ecosystem. This could potentially lead to more strategic partnerships or innovative pricing models to challenge larger cloud providers.
The emphasis on "empowering customers to move to an open cloud" suggests a focus on interoperability and data portability, which could be a key differentiator for Backblaze. Investors should monitor how this strategy translates into product development and market positioning. While not an immediate game-changer, this appointment could set the stage for Backblaze to carve out a stronger niche in the cloud storage industry.
SAN MATEO, Calif., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Backblaze, Inc. (Nasdaq: BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, today announced Marc Suidan is joining the company as Chief Financial Officer (CFO), effective August 16, 2024.
“I am excited to welcome Marc as our Chief Financial Officer,” said Gleb Budman, Backblaze CEO and Chairperson of the Board. “He has deep knowledge and experience strategically guiding companies through financial growth. His expertise and leadership will be a valuable asset as we empower customers to move to an open cloud and to do more with their data.”
Suidan brings to Backblaze more than 20 years of experience and a proven track record of driving shareholder value, growth, and innovation at technology companies. His background includes leading a publicly held company as CFO, and advising and leading companies of all sizes in the technology and media industries, including numerous storage and software as a service (SaaS) cloud companies. He has held leadership positions with PricewaterhouseCoopers, McKinsey & Company, and others. Most recently, he was the CFO of The Beachbody Company (NYSE: BODi).
“I believe that Backblaze is uniquely positioned for success in the cloud services industry and their vision to lead and grow the open cloud ecosystem is what drew me to the company,” said Suidan. "I'm excited to join Backblaze and lead the financial organization as we continue to drive strong growth, increase profitability, and deliver shareholder value.”
Suidan succeeds Frank Patchel, who, as previously announced, will retire from the company in Q3 2024.
“I would like to thank Frank for all of his contributions to Backblaze,” said Budman. “He’s been an integral part of our company’s success, especially leading us through our successful IPO and for years after. We greatly appreciate his years of service and wish him well in retirement.”
About Backblaze
Backblaze is the cloud storage innovator providing a modern alternative to traditional cloud providers. We deliver high-performance, secure cloud object storage that customers use to develop applications, manage media, secure backups, build AI workflows, protect from ransomware, and more. Backblaze helps businesses break free from the walled gardens that traditional providers lock customers into, enabling them to use their data in open cloud workflows with the providers they prefer at a fraction of the cost. Headquartered in San Mateo, CA, Backblaze (NASDAQ: BLZE) was founded in 2007 and serves over 500,000 customers in 175 countries around the world. For more information, please go to www.backblaze.com.
Press Contact:
Jeanette Foster
Communications Manager, Backblaze
jfoster@backblaze.com
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