– Previous CFO Transitioning to Go after CEO Position –
– Business Welcomes Verified Finance Executive with Background in Substantial-Progress SaaS, Cybersecurity and Networking –
– Mark Donohue to be part of from Vestmark, Immediate7, Cisco and Starent Networks –
WALTHAM, Mass., May well 19, 2022–(BUSINESS WIRE)–Evolv Technology (NASDAQ: EVLV), a world chief in weapons detection protection screening, now announced the appointment of Mr. Mark Donohue to the place of Main Financial Officer, helpful June 1, 2022. Mr. Donohue will triumph Mr. Mario Ramos, who has acknowledged a job as CEO at a privately held financial services company. Mr. Ramos will keep on in his latest part until May 31, 2022 to assure a clean changeover.
Mr. Donohue will think global obligation for the Company’s accounting, finance, treasury, danger compliance, details technological know-how, provide chain, manufacturing and trader relations capabilities. Mr. Donohue joins Evolv Know-how from Vestmark, a primary money technological know-how provider of SaaS-dependent portfolio administration and investing tools, wherever he has served as Chief Money Officer since 2018.
“We’re thrilled to welcome Mark to the government management staff,” reported Mr. Peter George, President and Chief Govt Officer of Evolv Technology. “Mark’s occupation has been formed in excess of 25 yrs of govt leadership at class top technology businesses throughout the SaaS, cybersecurity and networking markets. We believe his working experience and management will be particularly critical as we get ready for the next stage of our advancement.”
“I am thrilled to be becoming a member of Evolv Know-how, a chief in weapons detection stability screening,” stated Mr. Donohue. “Evolv supplies market-leading technological innovation that is supporting to remedy the extremely significant obstacle of maintaining the viewing general public safe and sound. I search forward to becoming a member of the team as we function to lengthen Evolv’s leadership placement in one particular of the swiftest expanding markets across the technologies sector.”
Prior to joining Vestmark, Mr. Donohue served in various senior roles on the finance group of Immediate7, (NASDAQ: RPD), a top supplier of protection analytics and automation, which include Vice President of Finance. Right before that, he put in seven decades at Cisco (NASDAQ: CSCO), the all over the world chief in technological innovation that powers the World wide web, where by he served as Senior Director, Method, Finance and Business Functions for the Mobility Business Team. Previously he served as Director of Trader Relations and Assistant Treasurer for Starent Networks, Corp. (NASDAQ: STAR), a major provider of infrastructure solutions that enable mobile operators to produce multimedia products and services to their subscribers. Earlier in his job, Mr. Donohue held various roles at IDC, Ferris Baker Watts, Teradyne and Quantum Company. Mr. Donohue attained an MBA and MSF from Boston Faculty and a Bachelor’s Diploma from The College of New Hampshire.
“On behalf of the Board of Directors and the total leadership group, I would like to thank Mario for the worthwhile contributions he has designed considering that joining the workforce,” ongoing Mr. George. “Throughout Mario’s tenure we produced vital development in the areas of persons, programs, controls and know-how which positions us very well in our development plans as a community enterprise. We wish Mario properly in his subsequent chapter.”
About Evolv Technological know-how
Evolv Technology (NASDAQ: EVLV) is a international chief in weapons detection protection screening. Our mission is Evolv Know-how (NASDAQ: EVLV) is a leader in weapons detection for safety screening, securing the world’s most iconic venues and firms. Its mission is enabling a superior practical experience and much better protection for venues, making a safer globe to perform, find out, and engage in by reworking physical protection to make almost everywhere safer. It presents athletics enthusiasts, theme park readers, concertgoers, buyers, employees, college students, and some others peace of mind so that they can get with out concern of violence. Its security screening has scanned far more than 250 million persons, next only to the Division of Homeland Security’s Transportation Security Administration (TSA) in the United States, and its know-how brings together effective, sophisticated sensors with verified synthetic intelligence (AI), stability ecosystem integrations, and thorough venue analytics to reliably detect threats 10 times a lot quicker than classic steel detectors. Evolv Technologies, Evolv Express®, Evolv Insights™, and Evolv Cortex AI™ are registered trademarks or emblems of Evolv Systems, Inc. in the United States and other jurisdictions. For a lot more details, go to https://evolvtechnology.com.
Ahead-On the lookout Statements
Specific statements in this press release may well represent “forward-hunting” statements and facts, in just the indicating of Segment 27A of the Securities Act of 1933, Area 21E of the Securities Exchange Act of 1934, and the protected harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995 that relate to our recent anticipations and views of foreseeable future events which includes but not confined to statements with regards to our anticipations regarding the executive administration transition variations. Ahead-seeking statements involve the Company’s existing anticipations and projections relating to its financial issue, competitive place, foreseeable future money benefits, strategies, objectives, and business. All statements other than statements of historical info contained in this push launch are ahead-looking statements. In some situations, these ahead-looking statements can be recognized by phrases or phrases this sort of as “may perhaps,” “will,” “expect,” “really should,” “could,” “anticipate,” “purpose,” “estimate,” “intend,” “plan,” “believe that,” “prospective,” “carry on,” “is/are likely to” or the destructive of these conditions or other comparable expressions. These ahead-on the lookout statements are matter to hazards, uncertainties and assumptions, some of which are past our command. In addition, these forward-hunting statements reflect the Company’s existing sights with respect to foreseeable future situations and the Company’s functionality and are not a assure of potential functionality. Precise results may differ materially from the information contained in the ahead-looking statements as a end result of a selection of variables, including, without having limitation anticipations with regards to the Company’s procedures and foreseeable future economical functionality, like its potential business options or targets, prospective efficiency and possibilities and competitors, revenues, products and solutions and solutions, pricing, operating fees, current market tendencies, liquidity, income flows and employs of funds, funds expenses the Company’s historical past of losses and deficiency of profitability the Company’s reliance on 3rd celebration contract producing the level of innovation needed to retain competitiveness in the markets in which the Corporation competes the competitiveness of the industry in which the Corporation competes the skill for the Organization to receive, retain, safeguard and enforce the Company’s intellectual property legal rights the concentration of the Company’s revenues on a solitary remedy the Company’s skill to timely style and design, develop and launch its answers, the Company’s capability to make investments in advancement initiatives and go after acquisition prospects the minimal liquidity and trading of the Company’s securities geopolitical risk and changes in applicable rules or polices the probability that the Enterprise might be adversely impacted by other economic, business, and/or competitive aspects operational hazard danger that the COVID-19 pandemic, together with variants, vaccine roll-out endeavours, and area, condition, and federal responses to addressing the pandemic may possibly have an adverse influence on the Company’s business operations, as nicely as the Company’s economic problem and outcomes of operations litigation and regulatory enforcement dangers, which include the diversion of management time and focus and the extra costs and requires on resources and the risk aspects established forth underneath the caption “Danger Factors” in our Yearly Report on Variety 10-K for the calendar year ended December 31, 2021 submitted with the Securities and Trade Fee on March 28, 2022. These statements reflect management’s present anticipations with regards to long run occasions and working general performance and discuss only as of the date of this push release. You should really not put undue reliance on any forward-on the lookout statements. Whilst we believe that that the expectations mirrored in the forward-wanting statements are affordable, we are unable to assurance that long run success, degrees of exercise, overall performance and events and circumstances reflected in the ahead-on the lookout statements will be achieved or will arise. Apart from as expected by legislation, we undertake no obligation to update or revise publicly any ahead-searching statements, regardless of whether as a final result of new details, future events or in any other case, soon after the date on which the statements are manufactured or to replicate the occurrence of unanticipated functions.
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Contacts
Investor Relations:
Brian Norris
Vice President of Trader Relations
[email protected]