Qumu Appoints Senior Technology and Finance Executive Tom Krueger as CFO to Guide Company’s Continued SaaS Transformation
November 29 2021 - 9:24AM
Business Wire
Former Khoros, Meltwater and Salesforce Finance
Leader Joins Qumu’s Management Team
Qumu Corporation (Nasdaq: QUMU), a leading provider of
cloud-based enterprise video technology for organizations of all
sizes, has appointed senior finance executive Tom Krueger as its
new chief financial officer (CFO), effective December 6, 2021.
Krueger’s leadership and experience navigating high-growth
technology markets will be instrumental in guiding Qumu as the
Company continues its transformation into a SaaS-first
(Software-as-a-Service) organization serving globally distributed
enterprises.
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Tom Krueger, Chief Financial Officer at
Qumu Corporation (Photo: Business Wire)
Krueger brings more than 20 years of finance experience to Qumu,
having held multiple senior finance roles for leading SaaS-centric
and technology companies, including Khoros, Meltwater, Salesforce
and Sun Microsystems. He most recently served as acting CFO and VP
of finance for Khoros, a $200+ million SaaS-based customer
engagement software company that resulted from a merger between
Lithium and Spredfast in 2018. In addition to playing a leadership
role in the merger, Krueger helped finalize subsequent strategic
acquisitions for the company, built and executed operating plans
and drove finance integration. Prior to Khoros, he led financial
planning and analysis for Meltwater, a $165 million SaaS-based
social media monitoring business. Krueger also previously held a
range of finance and sales leadership roles at Salesforce,
including Director, Sales Strategy Cloud Team and Finance Director.
He began his professional career as an officer in the United States
Navy, where he helped navigate nuclear submarines.
Krueger holds a Bachelor of Science in Mathematics from
Villanova University and an MBA from Georgetown University.
“Tom is the ideal finance leader for Qumu at this stage of our
company’s ongoing evolution into a SaaS-first organization,” said
Company President and CEO TJ Kennedy. “His extensive experience and
proven track record of building financial teams, processes and
scalable infrastructure are all critical needs as we look to
accelerate organic growth and transform our business. We’re
confident Tom’s expertise and leadership gained from working with
several leading technology organizations over the past two decades
will be instrumental resources in helping to guide and execute our
cloud strategy and ultimately establish Qumu as a subscription
driven, profitable growth company operating at scale.”
Krueger commented: “It’s one thing to say a company is focused
on change, but it’s another thing to actually make it happen
successfully—especially when it comes to SaaS-based
transformations; that’s why I’m so excited to be joining the Qumu
leadership team. I believe in the Company and its vision for
bringing enterprise video to organizations around the world, and I
look forward to helping Qumu execute its strategic roadmap and
scale into a leading SaaS enterprise.”
About Qumu
Qumu (Nasdaq: QUMU) is a leading provider of best-in-class tools
to create, control, deliver, experience and analyze live and
asynchronous video at scale. Backed by an experienced team of
software and video experts, Qumu’s software enables globally
distributed organizations to drive employee, customer and partner
engagement, modernizing business by providing more efficient and
effective ways to communicate and collaborate.
Forward-Looking Statements
This press release contains forward-looking statements that are
made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Any statements contained
in this press release that are not statements of historical fact
may be deemed to be forward-looking statements. Without limiting
the foregoing, words such as “may,” “will,” “expect,” “believe,”
“anticipate,” or “estimate” or comparable terminology are intended
to identify forward-looking statements. Forward-looking statements
are subject to various risks and uncertainties that could cause
actual results to differ materially from those expressed or implied
in such statements.
Such forward-looking statements include, for example, statements
about: the expected use and adoption of video in the enterprise,
the impact of COVID-19 on the use and adoption of video in the
enterprise, the Company’s future revenue and operating performance,
cash balances, future product mix or the timing of recognition of
revenue, the demand for the Company’s products or software, or the
success of go-to-market strategies or the other initiatives in the
Company’s strategic plan. The risks and uncertainties that could
cause actual results to differ materially from those expressed or
implied in these forward-looking statements include the risk
factors described in the Company’s Annual Report on Form 10-K for
the year ended December 31, 2020, and other factors set forth in
the Company’s filings with the Securities and Exchange
Commission.
The forward-looking statements in this press release speak only
as of the date of this press release. Except as required by law,
Qumu assumes no obligation to update or revise these
forward-looking statements for any reason, even if new information
becomes available in the future, except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20211129005472/en/
Qumu Media Contact: Ashley Paula-Legge Big Valley
Marketing for Qumu alegge@bigvalley.co +1 707-972-0073
Qumu Investor Contact: Matt Glover or Tom Colton Gateway
Investor Relations QUMU@gatewayir.com +1-949-574-3860
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