Innodata Announces Appointment of Mark Spelker as CFO
Innodata Inc. (NASDAQ: INOD) announced the appointment of Mark Spelker as Executive Vice President and Chief Financial Officer, succeeding Robert O'Connor. Spelker brings over 20 years of experience from CohnReznick LLP, including eight years as National Director of SEC Services. His familiarity with Innodata, having served as its engagement partner, positions him to leverage growth opportunities in AI and machine learning. CEO Jack Abuhoff highlighted Spelker's unique qualifications to enhance the company's market positioning amid rapidly evolving digital data landscapes.
- Mark Spelker's extensive experience in finance and accounting may strengthen Innodata's financial governance.
- Spelker's familiarity with Innodata's operations can facilitate a smooth transition and enhance strategic initiatives.
- Transitioning to a new CFO may introduce risks related to continuity and the adjustment period.
- The departure of Robert O'Connor might create a temporary gap in leadership experience.
NEW YORK, NY / ACCESSWIRE / October 8, 2020 / INNODATA INC. (NASDAQ:INOD) today announced that Mark Spelker has been appointed as its Executive Vice President, Chief Financial Officer, Principal Financial Officer and Principal Accounting Officer.
Spelker retired recently from CohnReznick LLP, a leading accounting, tax and business advisory firm, where he served as an audit and technical consulting partner for 20 years and its National Director of SEC Services for eight years. CohnReznick previously served as Innodata's auditor for approximately 12 years beginning September 2008, with Spelker serving as Innodata's engagement partner for two rotations.
Jack Abuhoff, CEO, said, "I am pleased to welcome Mark to our leadership team. Mark's extensive experience working with a broad range of public companies and his in-depth knowledge of our business makes him distinctively qualified to help us position Innodata for the future."
"I can't imagine a more exciting time to join Innodata," Spelker said. "Innodata has a compelling opportunity to put its unique strengths to work for a burgeoning market embracing AI and machine learning. I look forward to supporting the team in translating this market opportunity to shareholder value."
Mr. Spelker will replace Mr. Robert O'Connor who has been serving as Innodata's Chief Financial Officer, Principal Financial Officer and Principal Accounting Officer. Innodata wishes Mr. O'Connor well in his future endeavors and thanks him for his services to the Company.
About Innodata
Innodata (NASDAQ:INOD) is a leading data engineering company. Prestigious companies across the globe turn to Innodata for help with their biggest data challenges. By combining advanced machine learning and artificial intelligence (ML/AI) technologies, a global workforce of over 3,000 subject matter experts, and a high-security infrastructure, we're helping usher in the promise of digital data and ubiquitous AI.
Forward Looking Statements
This press release may contain forward-looking statements within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. Words such as "project," "believe," "expect," "can," "continue," "could," "intend," "may," "should," "will," "anticipate," "indicate," "forecast," "predict," "likely," "goals," "optimistic," "estimate," "plan," "potential," or the negatives thereof and other similar expressions generally identify forward-looking statements, which speak only as of the date hereof.
These forward-looking statements are based on management's current expectations, assumptions and estimates and are subject to a number of risks and uncertainties, including without limitation, the expected or potential effect of the novel coronavirus (COVID-19) pandemic and the responses of governments, the general global population, our customers, and the Company thereto; that contracts may be terminated by clients; projected or committed volumes of work may not materialize; continuing Digital Data Solutions segment reliance on project-based work and the primarily at-will nature of such contracts and the ability of these clients to reduce, delay or cancel projects; the likelihood of continued development of the markets, particularly new and emerging markets, that our services support; continuing Digital Data Solutions segment revenue concentration in a limited number of clients; potential inability to replace projects that are completed, canceled or reduced; our dependency on content providers in our Agility segment; difficulty in integrating and deriving synergies from acquisitions, joint venture and strategic investments; potential undiscovered liabilities of companies and businesses that we may acquire; potential impairment of the carrying value of goodwill and other acquired intangible assets of companies and businesses that we acquire; changes in our business or growth strategy; a continued downturn in or depressed market conditions, whether as a result of the COVID-19 pandemic or otherwise; changes in external market factors; the ability and willingness of our clients and prospective clients to execute business plans that give rise to requirements for our services; changes in our business or growth strategy; the emergence of new or growing competitors; various other competitive and technological factors; our use of and reliance on information technology systems, including potential security breaches, cyber-attacks, privacy breaches or data breaches that result in the unauthorized disclosure of consumer, client, employee or Company information, or service interruptions; and other risks and uncertainties indicated from time to time in our filings with the Securities and Exchange Commission.
Our actual results could differ materially from the results referred to in forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, uncertainty around the COVID-19 pandemic and the effects of the global response thereto and the risks discussed in Part I, Item 1A. "Risk Factors," Part II, Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations, and other parts of our Annual Report on Form 10-K, filed with the Securities and Exchange Commission on March 16, 2020, or as updated or amended by our other filings with the Securities and Exchange Commission. In light of these risks and uncertainties, there can be no assurance that the results referred to in the forward-looking statements will occur, and you should not place undue reliance on these forward-looking statements. We undertake no obligation to update or review any guidance or other forward-looking statements, whether as a result of new information, future developments or otherwise, except as may be required by the Federal securities laws.
Company Contact:
Suzanne Srsich
Innodata Inc.
ssrsich@innodata.com
(201) 371-8033
SOURCE: Innodata Inc.
View source version on accesswire.com:
https://www.accesswire.com/609574/Innodata-Announces-Appointment-of-Mark-Spelker-as-CFO
FAQ
Who is the new CFO of Innodata?
What experience does Mark Spelker bring to Innodata?
What impact could Mark Spelker's appointment have on Innodata?
Who did Mark Spelker replace at Innodata?
What did CEO Jack Abuhoff say about Mark Spelker's appointment?
