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PagerDuty Appoints Bill Losch to Board of Directors
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
management
Rhea-AI Summary
PagerDuty (NYSE: PD) has appointed Bill Losch to its Board of Directors, bringing over 30 years of SaaS financial and operational leadership. Previously CFO at Okta, Losch played a pivotal role in the company's IPO and market growth. His experience includes scaling enterprises and overseeing significant acquisitions. PagerDuty's CEO, Jennifer Tejada, emphasized that Losch's expertise aligns with the company's mission to innovate in digital operations. Losch will also join the Audit Committee, aiming to enhance the company's growth and profitability.
Positive
Appointment of Bill Losch brings extensive SaaS experience.
Losch's leadership at Okta included successful IPO and market expansion.
Expected to enhance PagerDuty's operational growth and profitability.
Negative
None.
Former Okta CFO Brings Expertise in Driving High-Growth Operational Excellence as PagerDuty Expands BOD
SAN FRANCISCO--(BUSINESS WIRE)--
PagerDuty (NYSE: PD), a leader in digital operations management, today announced the appointment of Bill Losch to the company’s Board of Directors. Losch, whose most recent operational role was as Chief Financial Officer (CFO) of Okta, brings more than three decades of successful experience providing financial and operational leadership for high-performing SaaS companies.
“As we work to sustain PagerDuty’s high-growth momentum through delivering on our mission to transform critical work, Bill Losch’s success in building transformative, durable, market leading companies, by scaling both organic and inorganic growth efficiently, will serve us well,” said PagerDuty Chairperson and CEO Jennifer Tejada. “Bill’s financial expertise, his deep enterprise background and his understanding of security and devops are a great complement to our board, and I look forward to working with him as we build upon the trust customers place in us to revolutionize operations with PagerDuty’s Operations Cloud.”
Losch is currently an advisor to Okta, where he served as CFO from 2013 through March 2021. In addition to leading the company through its IPO in 2017, Losch was instrumental in the company’s market capitalization growth, and acceleration of customer acquisition during his tenure. Losch led scaling efforts at the enterprise identity management platform as Okta completed multiple high-profile acquisitions during his time as CFO. Prior to his role at Okta, he served as Chief Financial Officer at MobiTV, Inc, Chief Accounting Officer at DreamWorks Animation, and in various positions at Yahoo! Inc. Losch also brings extensive board experience, currently serving on the boards of Druva, Inc, a cloud data protection and management company, as well as Onfido, an identity verification and authentication provider. He will join the PagerDuty Audit Committee, led by Committee Chair Elena Gomez.
“PagerDuty pioneered the category of digital operations management, and now they’re doing it again with their vision for the Operations Cloud – a transformative platform that empowers teams to proactively predict, manage, and automate the mission-critical interrupt work that defines the modern economy,” added Losch. “I look forward to joining Jennifer, the Board, and the PagerDuty executive team as they continue to grow, drive profitability, and innovate effectively in a high-security environment.”
About PagerDuty, Inc.
PagerDuty, Inc. (NYSE:PD) is a leader in digital operations management. In an always-on world, organizations of all sizes trust PagerDuty to help them deliver a better digital experience to their customers, every time. Teams use PagerDuty to identify issues and opportunities in real time and bring together the right people to fix problems faster and prevent them in the future. Notable customers include Cisco, DocuSign, Doordash, Electronic Arts, Genentech, Shopify, Zoom and more. To learn more and try PagerDuty for free, visit www.pagerduty.com. Follow our blog and connect with us on Twitter, LinkedIn, YouTube and Facebook. We’re also hiring. Visit https://www.pagerduty.com/careers/ to learn more.
Who is Bill Losch and what is his role at PagerDuty?
Bill Losch is the newly appointed Board member at PagerDuty, bringing extensive experience from his tenure as CFO at Okta.
What experience does Bill Losch have in SaaS companies?
Bill Losch has over 30 years of experience in SaaS, with significant roles including CFO at Okta and MobiTV, as well as positions at DreamWorks Animation and Yahoo.
How might Bill Losch's appointment impact PagerDuty (NYSE: PD)?
His appointment is expected to enhance PagerDuty's operational excellence and growth strategies, capitalizing on his expertise in scaling SaaS companies.
What is the significance of Bill Losch joining the Audit Committee?
Joining the Audit Committee allows Losch to leverage his financial expertise to strengthen PagerDuty's governance and operational performance.
