ON24 Adds Seasoned Financial Leader Barry Zwarenstein to its Board of Directors

Rhea-AI Summary

ON24 announced that Barry Zwarenstein, currently CFO of Five9 (NASDAQ: FIVN), joined its Board of Directors, also chairing the audit committee. With 35 years of financial leadership, Zwarenstein has successfully guided companies through IPOs, including Five9's IPO in 2014. ON24's CEO, Sharat Sharan, emphasized that Zwarenstein's expertise is vital for the company’s growth in the digital engagement sector. Zwarenstein previously held roles at VeriFone, Logitech, and others, fostering growth and providing strategic financial guidance.

Positive

• Barry Zwarenstein brings 35 years of financial leadership experience.
• Proven track record with successful IPOs, including Five9's in 2014.
• Expected to strengthen ON24's financial strategies and growth initiatives.

Negative

• Concerns about continuity in leadership as the company adapts to new governance.

SAN FRANCISCO, Sept. 2, 2020 /PRNewswire/ -- ON24, the technology leader helping businesses innovate their marketing through interactive, data-rich digital experiences, today announced that financial leader Barry Zwarenstein joined the company's Board of Directors.  He will also serve as chair of the Board's audit committee.

Zwarenstein is currently the Chief Financial Officer of the cloud contact center software company Five9 (NASDAQ: FIVN) where he's led the company's financial strategy for the past eight years, including its IPO in 2014. Zwarenstein brings thirty-five years of financial leadership experience and a proven track record of success to the ON24 board.

"Our mission at ON24 is to help businesses drive a resilient revenue strategy. And, achieving that goal really begins with strengthening our own foundation for growth," says Sharat Sharan, President, Founder & CEO, ON24. "Barry's proven expertise and unique industry savvy will be invaluable guidance for us to call on as we build for the future. We are thrilled to have an executive as accomplished as Barry join our Board and help propel our growth."

Previously, Zwarenstein held financial leadership roles at a range of companies including  VeriFone, SMART Modular Technologies, Acuson and Logitech. At Five9, VeriFone and Logitech he successfully brought the companies to IPO while at SMART and Acuson he helped take the companies private. Zwarenstein is also currently on the Board at JFrog and Aria Systems, and previously served as Board member, Audit Committee Chair and Investment Committee member at Dealertrack.

"Throughout my career, I've worked with a number of disruptive technology companies and I'm honored to have the opportunity once again as a member of the ON24 Board," says Zwarenstein. "ON24 provides a mission-critical solution for businesses to drive the engagement and actionable data they need to succeed in today's digital-first world. ON24's ability to deliver ROI for its customers makes ON24 the category-defining technology for revenue marketing and what I know will fuel its growth moving forward."

Zwarenstein holds a Bachelor of Commerce degree from the University of KwaZulu-Natal, South Africa and an MBA from the Wharton Business School at the University of Pennsylvania.

CONTACT: Keith Chapman, keith@chappublicrelations.com

 

 

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SOURCE ON24, Inc.

FAQ

Who is Barry Zwarenstein and what is his role at ON24?

Barry Zwarenstein is the new board member and chair of the audit committee at ON24, bringing extensive financial leadership experience.

How will Barry Zwarenstein's experience impact ON24?

His financial expertise is expected to enhance ON24's growth and strengthen its revenue strategy.

What is Five9's relationship with Barry Zwarenstein?

Barry Zwarenstein is currently the CFO of Five9, where he has led financial strategies since its IPO.