Blucora Appoints Amazon Executive Sanjay Baskaran President of TaxAct
January 12 2017 - 4:15PM
Blucora, Inc. (NASDAQ:BCOR), a leading provider of
technology-enabled financial solutions, today announced that Sanjay
Baskaran has been named President of TaxAct, effective January 30.
He succeeds JoAnn Kintzel who resigned in October. Mr. Baskaran
will report directly to Blucora President and Chief Executive
Officer, John Clendening. Mr. Baskaran will lead TaxAct’s efforts
to grow its position as a leading provider of affordable digital
and downloadable tax software for individuals, business owners and
tax professionals.
Mr. Baskaran has more than 20 years of
experience serving in leadership roles within the technology and
finance industry. With deep knowledge of technology-oriented
businesses, Mr. Baskaran brings significant and highly relevant
experience in driving customer centric innovation and growth.
“Sanjay’s proven track record of driving growth through
innovation in marketing-intensive, data rich and digitally oriented
businesses will be instrumental in taking TaxAct to the next level,
strengthening our competitive position, and creating
ever-increasing value for our customers,” said Mr. Clendening.
“Sanjay’s combination of experience, skills and leadership make him
perfectly suited to maximize the potential of this business,
executing on our objectives, enabling growth through customer
loyalty, and building on the positive momentum underway at TaxAct.
We have a clear strategy, and with Sanjay’s leadership, we will
continue to be the best choice for millions of individuals to
manage their financial lives, while generating value for
shareholders.”
Mr. Baskaran said, “I’m thrilled to be joining
TaxAct at such a pivotal time for the company. As the leading
provider of affordable digital and downloadable tax software,
TaxAct plays an important role in enabling its millions of
customers to manage their financial lives. TaxAct is already one of
the top three online tax preparation destinations, and I see an
opportunity for significant growth over time. I look forward to
working with the TaxAct team to build on its existing strengths,
and capitalize on our position as the challenger brand in the
digital do-it-yourself space.”
Mr. Baskaran recently served as General Manager,
North America Credit Cards at Amazon. While serving in that role he
was the P&L owner of a large customer centric credit card
business that built and served consumers and businesses with
multiple products such as the recently launched Amazon Prime Visa
Signature Card, and others such as the Prime Store Card, Amazon
Corporate Credit Line, and Amazon.ca Rewards Visa Card. Prior to
working at Amazon, Mr. Baskaran served in leadership roles of
increasing responsibility at Visa and HSBC Bank. In these roles,
Mr. Baskaran identified levers of growth to set a bold vision,
creatively funded medium and long term investments, invested in
data/analytics and mobile innovation with a focus on customer
experience, built organizational capability, and created an
environment that enabled winning through collaboration. In
addition, he has also held positions at Deloitte & Touche as a
management consultant, and at Dr. Reddy’s Group as an executive in
the company’s Latin America International Marketing Group.
Mr. Baskaran received a Bachelor of Technology
in chemical engineering from Osmania University India and earned an
MBA with a concentration in Supply Chain Management and Marketing
from Michigan State University.
About Blucora® Blucora,
Inc. (NASDAQ:BCOR) is a leading provider of
technology-enabled financial solutions to consumers, small
businesses and tax professionals. Our products and services in tax
preparation and wealth management, through TaxAct and HD
Vest, help consumers manage their financial
lives. TaxAct is an affordable digital tax preparation
solution for individuals, business owners and tax
professionals. HD Vest Financial Services ® supports an
independent network of tax professionals who provide comprehensive
financial planning solutions. For more information
on Blucora or its businesses, please
visit www.blucora.com.
Forward-Looking Statements This release
contains forward-looking statements within the meaning of Section
27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. Actual results may differ significantly from
those projected. The words "believe," "expect," "intend,"
"anticipate," variations of such words, and similar expressions
identify forward-looking statements, but their absence does not
mean that the statement is not forward looking. These statements
are not guarantees of future performance and are subject to certain
risks, uncertainties and assumptions that are difficult to predict.
Factors that could affect Blucora's actual results
include the successful execution of the Company's strategic
initiatives, operating plans, and marketing strategies, general
economic, industry and market sector conditions, the progress and
costs of the development of our products and services, the timing
and extent of market acceptance of those products and services, and
our dependence on companies to distribute our products and
services. A more detailed description of certain factors that could
affect actual results include, but are not limited to, those
discussed in Blucora's most recent Annual Report on Form
10-K and quarterly reports on form 10-Q as filed from time to time,
in the section entitled "Risk Factors." Readers are cautioned not
to place undue reliance on these forward-looking statements, which
speak only as of the date of this
release. Blucora undertakes no obligation to update
publicly any forward-looking statements to reflect new information,
events or circumstances after the date of this release or to
reflect the occurrence of unanticipated events.
Contact
Stacy Ybarra
425-709-8127
Blucora, Inc.
stacy.ybarra@blucora.com
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