Verusen Expands into Exciting New Vertical Markets Globally; Appoints MRO Industry Veteran Jeremiah Woodford as CRO; Broadens Executive Sales Leadership With Additional New Hires
May 21 2024 - 9:15AM
Verusen, the industry leader driving AI-powered MRO (Maintenance,
Repair, and Operations) Materials optimization and collaboration
and one of Atlanta's 100 fastest-growing companies, today announced
the strategic hiring of new sales and revenue leadership. Three
professionals with deep industry expertise and a visionary approach
to MRO materials and inventory optimization have been appointed.
They join Verusen as the company announced its global expansion
into large vertical opportunities, including Oil & Gas, Mining,
and Power Generation & Utilities.
Balancing MRO working capital and risk have come to the
forefront as large asset-intensive industries such as oil and gas,
mining, energy and utilities, resources, and heavy manufacturing
seek solutions to optimize their MRO inventories, spend and risk
with deeper intelligence. Traditional MRO inventory optimization is
no longer sufficient to meet the needs of an increasingly complex
global supply network. Instead, traditional inventory optimization
has evolved into a comprehensive approach across systems, processes
and people for MRO Materials Optimization to continuously optimize
data, inventory, procurement, and risk across a global network
using purpose-built AI and deep learning.
Worldwide opportunities are burgeoning for improved MRO software
and data science. For example, the global oil and gas industry
stockpiles billions in parts to keep their production platforms,
pipelines, and refineries up and running. Additionally, the total
global mining equipment spare parts market alone reached $140B in
2023, according to Grand View Research.
To meet this growing need, Verusen has appointed MRO industry
veteran Jeremiah Woodford as Chief Revenue Officer (CRO),
responsible for leading the entire sales process, including revenue
and sales pipeline creation, market development, and sales
operation. Woodford brings over two decades of sales leadership
experience in asset-intensive industries, MRO, and supply chains.
He previously held leadership positions as CRO IFS EAM and at IBM
Consulting as Partner & Global Practice Leader of MRO Inventory
Optimization, helping customers provide global visibility to their
supply chain and MRO practices.
In addition, Jeromy Risner, CRMP, has been appointed Director of
Pre-Sales Engineering. Jeromy is a maintenance and reliability
professional whose career started with turning wrenches and quickly
evolved to reliability specialist, then implementing and teaching
maintenance best practices in asset-intensive industries. He has
successfully leveraged this reliability experience to transform
sales processes and effectiveness in the EAM and MRO inventory
optimization software space at IFS Ultimo and IBM Oniqua.
Jim Combs, former Worldwide Senior Sales Leader of IBM MRO
Inventory Optimization, has been appointed Sales Director. Jim
started his career as a test engineer for nuclear power plants
before being promoted to project manager and county sales manager
for Mexico. His experience and sales expertise have allowed him to
provide the CMMS / EAM needs for numerous heavy asset industries,
including mining, utilities, manufacturing, and CPG. For the past
30 years, Jim has been an enterprise sales leader working with
Vale, Duke Power, FPL, Goldcorp, Cenovus, General Mills,
ThyssenKrupp, Griffith Lab, IMERYS, and other clients in
asset-intensive industries, helping transform their Maintenance and
Spares Parts Management programs to ensure production uptime and
drive cost savings.
"We are seeing significant growth in the market for MRO
Materials optimization, especially in select vertical markets.
We're excited to expand Verusen's reach into these markets and
executive bench with MRO-focused sales and revenue operations
leadership through the additions of Jeremiah, Jeromy, and Jim,"
said Scott Matthews, CEO of Verusen. "Our explosive growth is
aligned with the transformative impact of Verusen's AI-driven
solutions on MRO inventory operations. With the addition of these
deeply experienced executives, who are nuanced in specific growth
industries such as mining and oil and gas, we are well positioned
to expand our reach and address customer challenges while scaling
for new opportunities globally."
“Verusen not only boasts a forward-thinking team but also
embodies cutting-edge AI solutions aimed at MRO Capital and Risk
Optimization for large industrial organizations,” said Jeremiah
Woodford. “This is an exciting time to be joining the company.
Verusen’s purpose-built AI technology is welcomed to a market
burdened by poor data quality, inefficient processes, and outdated
solutions. Legacy software and consulting firms have long promised
improvements but often fail to deliver substantial change. After
participating in a supermajor Exploration and Production (E&P)
company’s AI adoption initiative using Verusen’s Large Language
Models and Probabilistic AI models, we are confident that our
innovative technology will revolutionize how asset-intensive
companies manage their MRO inventory. Gone are the days of
configuring legacy software; at Verusen, we are training AI models
to support material managers' daily jobs.”
"Having Jeremiah, Jeromy, and Jim join Verusen at this time is
pivotal to our ability to expand rapidly within asset-intensive
vertical markets where traditional inventory optimization software
no longer meets the needs of these complex global organizations,”
said Paul Noble, Founder and Chief Strategy Officer of Verusen.
“Their combined and deep understanding of the changing landscape of
MRO is essential to our trajectory for global sales growth and
vertical expansion in 2024.”
To learn more about Verusen and the latest additions to its
executive team, please visit https://verusen.com/
About VerusenVerusen is a leading MRO Materials
Optimization and Collaboration provider focused on helping global
asset-intensive manufacturers streamline their supply and materials
management strategy. Verusen utilizes advanced data science and
artificial intelligence to harmonize disparate MRO data across
enterprise systems to provide complex supply chains with true
visibility for supply through inventory planning and procurement
intelligence. This helps organizations reduce risk, optimize
working capital, and ensure production uptime to meet customer
needs. The result is a foundation organizations can trust to fuel
digital transformation and scale supply chain maturity initiatives.
Headquartered in Atlanta, Verusen has been named one of Georgia’s
Top 10 Innovative Technology Companies. Visit verusen.com for more
information, or follow us on X/Twitter at @Verusen_AI and
LinkedIn.
PR Contact:Greg CrossPenVine for
Verusengreg@penvine.com+1 925 413 5327
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/2f34fe13-1d70-4b8c-8ac7-5af48716ea7c