Zuora Appoints SAP Cloud Executive as Chief Financial Officer
May 27 2020 - 4:35PM
Business Wire
Zuora, Inc. (NYSE: ZUO), the leading cloud-based subscription
management platform provider, today announced Todd McElhatton will
join as the company’s chief financial officer, effective June 22,
2020. Currently serving as senior vice president and chief
financial officer of SAP Cloud Business Group, McElhatton will
bring more than 25 years of corporate finance leadership to his
role at Zuora. McElhatton will oversee the company’s accounting and
finance teams and will report to Zuora’s co-founder and CEO Tien
Tzuo.
“Todd brings an incredible depth of knowledge and experience to
Zuora having scaled multi-billion dollar cloud businesses across a
number of the best known software companies in the world. Todd’s
track record of accelerating enterprise growth makes him a
tremendous addition to the Zuora executive management team,” said
Tzuo.
For the past 20 years, McElhatton has led the financial
operations for enterprise software companies making the shift to
the cloud. He most recently served as SVP and CFO of SAP Cloud
Business Group where he executed the financial vision of SAP’s
cloud business strategy across multiple lines of business globally:
SAP Concur, Fieldglass, Ariba, SuccessFactors, C/4HANA, and
Qualtrics. Prior to his role as a member of SAP’s Global Finance
Leadership Team, he was the CFO for SAP North America, overseeing
financial activities for the United States and Canada.
Before joining SAP, McElhatton held multiple senior finance
leadership roles, including as CFO of VMware’s Hybrid Cloud
Business, CFO of Oracle’s Cloud Services and CFO for Hewlett
Packard Managed Services Business.
“Over the next decade, every company must transform into a
subscription business. Leading finance organizations at SAP, Oracle
and VMware, I’ve seen how a cloud-first strategy backed by the
power of recurring revenue can power growth at scale,” said
McElhatton. “I am thrilled to join Zuora as CFO, as I
wholeheartedly believe in Zuora’s mission to transform every
company into a subscription business. It’s the future of the
enterprise.”
About Zuora, Inc.
Zuora provides the leading cloud-based subscription management
platform that functions as a system of record for subscription
businesses across all industries. Powering the Subscription
Economy®, the Zuora platform was architected specifically for
dynamic, recurring subscription business models and acts as an
intelligent subscription management hub that automates and
orchestrates the entire subscription order-to-revenue process
seamlessly across billing and revenue recognition. Zuora serves
more than 1,000 companies around the world, including Box, Rogers,
Schneider Electric, Xplornet and Zendesk. Headquartered in Silicon
Valley, Zuora also operates offices around the world in the U.S.,
EMEA and APAC. To learn more about the Zuora platform, please visit
www.zuora.com.
© 2020 Zuora, Inc. All Rights Reserved. Zuora, Subscribed,
Subscription Economy, Powering the Subscription Economy, and
Subscription Economy Index are trademarks or registered trademarks
of Zuora, Inc. Third-party trademarks mentioned above are owned by
their respective companies. Nothing in this press release should be
construed to the contrary, or as an approval, endorsement or
sponsorship by any third parties of Zuora, Inc. or any aspect of
this press release.
SOURCE: Zuora Financial
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version on businesswire.com: https://www.businesswire.com/news/home/20200527005906/en/
Jayne Gonzalez press@zuora.com 408-348-1087
Zuora (NYSE:ZUO)
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