Model N Announces New Chief Financial Officer

Rhea-AI Summary

Model N, Inc. (NYSE: MODN) announced John Ederer as the new Chief Financial Officer, bringing over 25 years of financial leadership experience. Ederer has held senior roles at notable companies like K2 Software and SAP. His responsibilities will include overseeing all financial management activities, ensuring the company is well-positioned for growth. President and CEO Jason Blessing expressed excitement about Ederer's appointment, highlighting his ability to lead finance teams effectively. Ederer's expertise aims to enhance Model N's solutions for life sciences and high-tech companies, driving revenue growth.

Positive

• Appointment of John Ederer as CFO, enhancing leadership with 25+ years of experience.
• Ederer's prior roles at growth companies bolster Model N's strategic direction.
• Focus on financial management may improve operational efficiency and profitability.

Negative

• None.

Model N, Inc. (NYSE: MODN), the leader in cloud revenue management solutions, today announced that John Ederer has joined the company as Chief Financial Officer (CFO). Ederer brings more than 25 years of financial leadership experience to Model N, having held senior finance positions at growth companies including K2 Software, TIBCO Software, SAP, and Business Objects, among others. Prior to going into corporate finance, John was an equity research analyst in the investment banking industry.

John Ederer joins Model N as Chief Financial Officer (Photo: Business Wire)

“We are thrilled to have John join Model N as our Chief Financial Officer,” said Jason Blessing, President and Chief Executive Officer at Model N. “His extensive experience leading finance teams at growth companies and partnering key internal and external stakeholders make John a perfect choice to head our finance organization. He will be a key contributor as we shape the company’s future and enter the next stage of growth in 2021 and beyond.”

“The solutions Model N provides for its customers are increasingly essential to maximizing their growth and profitability,” said Ederer. “I look forward to joining this outstanding executive team and contributing to the continued success of both Model N and its customers.”

Ederer will be responsible for all aspects of financial management at Model N, including accounting and SEC reporting, internal audit and controls, financial planning and analysis, and treasury and investor relations. He will be a member Model N’s executive leadership team and will help shape and guide the company’s strategic direction and lead a team of financial professionals around the globe.

In addition to his recent experience as Chief Financial Officer at K2 Software, Ederer has led global teams covering financial planning & analysis, mergers & acquisitions, business development, and investor relations. Earlier in his career, he held senior investment banking positions focusing on the enterprise software and life sciences industries. Ederer holds a BA in History and Economics from Brown University.

About Model N

Model N enables life sciences and high tech companies to drive growth and market share, minimizing revenue leakage throughout the revenue lifecycle. With deep industry expertise and solutions purpose-built for these industries, Model N delivers comprehensive visibility, insight and control over the complexities of commercial operations and compliance. Our integrated cloud solution is proven to automate pricing, incentive and contract decisions to scale business profitably and grow revenue. Model N is trusted across more than 120 countries by the world’s leading pharmaceutical, medical technology, semiconductor, and high tech companies, including Johnson & Johnson, AstraZeneca, Stryker, Seagate Technology, Broadcom and Microchip Technology. For more information, visit www.modeln.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201229005216/en/

FAQ

Who is the new CFO of Model N?

John Ederer has been appointed as the new Chief Financial Officer of Model N.

What experience does John Ederer bring to Model N?

John Ederer brings over 25 years of financial leadership experience from companies like K2 Software and SAP.

What are John Ederer's responsibilities at Model N?

He will oversee all aspects of financial management, including accounting, SEC reporting, and financial planning.

What is Model N's focus in the market?

Model N focuses on providing cloud revenue management solutions for life sciences and high-tech companies.

How does Model N aim to enhance its customer value?

By minimizing revenue leakage and automating pricing and contract decisions through tailored solutions.