Fullsteam hires Charles Freund as Chief Financial Officer

Rhea-AI Summary

Fullsteam Holdings has appointed Charles Freund as its new Chief Financial Officer. Freund brings nearly 20 years of experience in corporate finance, having previously served as CFO of FLEETCOR Technologies (NYSE: FLT). His role at Fullsteam involves enhancing financial management, aiding in acquisitions, and leading capital financing efforts. Michael Lawler, Fullsteam's CEO, expressed enthusiasm for Freund's expertise, emphasizing its importance for the company's growth strategy and partnerships. Fullsteam is actively pursuing acquisitions in various software verticals.

Positive

• Charles Freund has nearly two decades of experience in finance.
• Freund's expertise includes guiding FLEETCOR through multiple acquisitions.
• His appointment is expected to strengthen Fullsteam's financial management and growth initiatives.

Negative

• Concerns about potential continuity with a new CFO.

Industry veteran to help build and scale Fullsteam's finance function and work closely with management teams across the Fullsteam platform to unlock growth

AUBURN, Ala., Nov. 1, 2022 /PRNewswire/ -- Fullsteam Holdings LLC ("Fullsteam"), a payments technology and vertical software holding company backed by Aquiline Capital Partners LLC, today announced it has hired Charles Freund to be the company's Chief Financial Officer.

Mr. Freund brings nearly two decades of experience in corporate finance and strategy to Fullsteam. He most recently served as CFO of global corporate payments company FLEETCOR Technologies (NYSE: FLT), where he led all aspects of the company's financial management and reporting. Prior to this, he held several leadership roles at FLEETCOR, encompassing corporate development, strategy, sales and P&L management. Mr. Freund began his career as a consultant at Sibson Consulting, where he advised clients on developing successful business strategies.

As CFO, Mr. Freund will continue to build and scale Fullsteam's finance function, collaborating with companies across Fullsteam's platform to strengthen financial management and enable leadership teams to focus on growth. Having successfully steered FLEETCOR through multiple acquisitions, Mr. Freund will enhance Fullsteam's integration capabilities for newly acquired firms. Additionally, he will lead future debt and capital financing efforts, and assist with the company's strategy, acquisition evaluations and key growth initiatives.

"I'm thrilled to welcome Charles to Fullsteam," said Michael Lawler, founder and CEO of Fullsteam. "As we grow our family of companies and execute on our software and payments strategy, Charles's experience managing the finance function of a complex global business across numerous verticals makes him the ideal fit for the role. I'm looking forward to working with Charles to help the great management teams across our platform expand their businesses."

"Fullsteam has differentiated itself by seeking out strong companies and working alongside them as strategic partners to ensure they are optimized for growth," said Mr. Freund. "My experience managing the finance function at a multifaceted global business has prepared me well for this role. I'm looking forward to working with Fullsteam's talented team as we build the future of embedded payment solutions."

About Fullsteam Holdings LLC

Fullsteam is a leading payments and software company headquartered in Auburn, Alabama. Fullsteam provides its companies with streamlined payments infrastructure and enhanced operational support to better serve customers. Fullsteam is actively seeking further acquisitions across multiple software verticals. For more information on the company, please visit Fullsteam.com.

Contact
John Perilli
Prosek Partners for Fullsteam Holdings LLC
(646) 818-9264
jperilli@prosek.com

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SOURCE Fullsteam Holdings LLC

FAQ

What is the significance of Charles Freund's appointment as CFO of Fullsteam?

Charles Freund's appointment is significant due to his extensive experience in corporate finance and acquisitions, which is expected to enhance Fullsteam's financial management and growth strategies.

How does Charles Freund's experience at FLEETCOR benefit Fullsteam?

Freund's experience at FLEETCOR, particularly in managing finance during acquisitions, will help Fullsteam integrate new companies successfully and implement effective financial strategies.

What are Fullsteam's plans for growth following the CFO appointment?

Fullsteam aims to strengthen its finance function, pursue additional acquisitions, and enhance operational support across its platform.

When did Fullsteam announce Charles Freund's hiring as CFO?

Fullsteam announced Charles Freund's hiring as CFO on November 1, 2022.

What company did Charles Freund work for before joining Fullsteam?

Prior to joining Fullsteam, Charles Freund served as the CFO of FLEETCOR Technologies (NYSE: FLT).