Benefitfocus Names John Park to Board of Directors
July 29 2021 - 4:05PM
Benefitfocus, Inc. (NASDAQ: BNFT), an industry-leading
benefits technology platform that simplifies benefits
administration for employers, health plans and brokers, has
expanded the Benefitfocus Board of Directors by one seat and
appointed John J. Park, an experienced senior finance and
operations executive, to fill the new seat as an independent
director, effective August 3. Park will serve on the Board’s audit
committee and chair its compensation and talent committee.
“John is a highly accomplished finance and operations leader
with an impressive track record leading strategic transformations
for companies in the technology, business services and consumer
sectors,” said Doug A. Dennerline, independent chairman of the
board and chair of the nominating and governance committee. “The
board and leadership team are excited about the skills, experience
and diversity John brings and look forward to leveraging his
talents to help execute on the market opportunities before us and
focus on unlocking shareholder value.”
Park has served as an operations advisor for Advent
International, a leading global private equity investor, since
April 2020. From August 2016 to August 2018, he was executive vice
president, operations and chief financial officer for The Warranty
Group, a provider of global specialty insurance services backed by
TPG Capital and sold to Assurant, Inc. Prior to that, from June
2015 to July 2016, he was chief financial officer at Hotel
Investors Trust, a hospitality REIT backed by Starwood Capital
Group. Earlier in his career, Park was chief financial officer of
public company Hewitt Associates, Inc. (later sold to Aon plc), a
leader in health, retirement and human capital consulting and
outsourcing services. Prior to Hewitt Associates, Inc., he was
founding chief financial officer of Orbitz, Inc., a global travel
portfolio.
From August 2004 to September 2010 Park served on the board of
directors of then-public company APAC Customer Services, Inc., an
outsource provider for premium customer service solutions, where he
played an active role in the company’s strategic transformation. He
also served on the board of Aperture Holdings/OptionsHouse LLC, a
retail online options brokerage business backed by General Atlantic
Partners, from August 2015 to September 2016, where he joined as
its first independent director and chaired its audit committee.
“I am excited to join the board of Benefitfocus and help guide
its strategic path forward. I look forward to partnering with
company leadership to capitalize on its growth opportunities and
build on its history of customer-centered innovation,” said
Park.
Park holds a B.A. in Economics from Oberlin College and an
M.B.A. from the University of Michigan.
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About Benefitfocus Benefitfocus (NASDAQ:
BNFT) unifies the entire benefits industry through innovative
technology solutions that bring efficiency, cost savings and
simplicity to employee benefits administration. Our powerful
cloud-based software, data-driven insights and
thoughtfully designed services help employers, insurance
brokers, health plans and suppliers address the complexity of
benefits enrollment and engagement, while bringing easier access to
health, wealth and lifestyle products through a world-class
benefits experience. Our mission is simple: to improve lives
with benefits. Learn more
at www.benefitfocus.com, LinkedIn and Twitter.
DISCLAIMER REGARDING FORWARD LOOKING STATEMENTS Except for
historical information, all of the statements, expectations, and
assumptions contained in this press release are forward-looking
statements. Actual results might differ materially from those
explicit or implicit in the forward-looking statements. Important
factors that could cause actual results to differ materially
include: our ability to maintain our culture and recruit, integrate
and retain qualified personnel, including on our board of
directors; our ability to compete effectively; the need to innovate
and provide useful products and services; risks related to changing
healthcare and other applicable regulations; the immature and
volatile nature of the market for our products and services;
privacy; security and other risks associated with our business;
management of growth; volatility and uncertainty in the global
economy and financial markets in light of the evolving COVID-19
pandemic and uncertainties arising from the recent U.S. elections;
and the other risk factors set forth from time to time in our SEC
filings, copies of which are available free of charge within the
Investor Relations section of the Benefitfocus website at
http://investor.benefitfocus.com/sec-filings or upon request from
our Investor Relations Department. Benefitfocus assumes no
obligation and does not intend to update these forward-looking
statements, except as required by law.
Benefitfocus, Inc.843-981-8898pr@benefitfocus.com
Investor Relations:843-981-8899ir@benefitfocus.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/5603b46a-47a5-44b3-b1e4-e640392122d0
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