NetSuite Appoints New President

NetSuite Appoints New President

NetSuite has appointed former CFO Jim McGeever as president, responsible for leading the company's customer, vertical, product and human resources activities.

NetSuite (N) has appointed Jim McGeever as president, responsible for leading the cloud computing software company’s customer, vertical, product and human resources activities. He will also hold a spot on the company’s board of directors.

As president, McGeever will report to Zach Nelson, NetSuite’s CEO. Nelson previously held the role of president in addition to his position as CEO.

“Jim has done an amazing job as COO, and his customer-centric focus enabled NetSuite to deliver for customers and shareholders for the last five years,” said Nelson, in a statement. “Bringing together the core customer, product, HR and vertical efforts in a unified organization under his direction will ensure that NetSuite continues to exceed our customers’ expectations and to expand our global footprint.”

Evan Goldberg, NetSuite’s founder, chairman and chief technology officer, will report to McGeever in his new role.

“Jim and I have worked closely together from the time when we were crowded into a small office above a hair salon to our position today as the global leader in cloud ERP solutions,” said Goldberg. “I am excited to continue building the best cloud solution to run a business in this new organizational structure that unifies our go-to-market resources with our world-class product organization.”

McGeever has held various executive-level positions at NetSuite since joining the company in 2000, including a 10-year stint as the company’s chief financial officer. In 2010 he became chief operating officer, responsible for global sales, services and support operations, according to the announcement.

NetSuite also unveiled its Q2 2015 financial results this week, with the company reporting total revenue of $177.3 million for the quarter ending June 30. The results represented a 35 percent increase over the same period last year, according to the announcement.

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