San Jose, Ca., USA - October 8, 2014, San Jose, Ca., USA - 8x8, Inc., a communications technology company, announced the appointment of Mary Ellen Genovese as chief financial officer.
Article continues below
Ms. Genovese brings more than 25 years of executive experience, including serving as CFO of publicly-traded Trimble Navigation Limited, a provider of advanced location-based solutions. She most recently served as 8x8's Senior Vice President of Human Resources and, prior to that, was a consultant to the Company and an advisor to the Company's Board of Directors Compensation Committee.
Prior to joining 8x8, from 2008 to 2011, Ms. Genovese served as a consultant to a Fortune 50 global security company where she evaluated potential technologies to license or spinout with the intent of unlocking value to under-utilized assets. From 2004 through 2006, she was the CFO of Savi Technology, a provider of RFID systems and solutions to track cargo containers and their content globally via both public and private clouds.
While at Savi, Ms. Genovese led the negotiating team in closing a strategic joint venture with Hutchison Port Holdings, a subsidiary of Hutchison Whampoa, and she prepared the company for a possible IPO event that culminated with the acquisition of Savi by Lockheed Martin.
Prior to Savi, from 2000 to 2004, Ms. Genovese was Chief Financial Officer at Trimble Navigation. She was also instrumental as CFO in completing numerous acquisitions, securing financing, driving the company's cost reduction programs, and standardizing global policies and system-wide financial reporting capabilities. She played a key role in negotiating the strategic acquisition of Spectra Precision Group, a laser and optical company, in 2000.
Between 1992 and 2000, Ms. Genovese worked at Trimble in a succession of other increasingly responsible executive positions, including vice president of finance, corporate controller, business unit controller and controller of manufacturing operations. She holds a B.S. Degree in Accounting from Fairfield University and received her CPA license from the State of Connecticut.
Ms. Genovese replaces Dan Weirich who announced he will be stepping down after ten years of service to accept a position at a privately held company with a cloud service in the big data space. ■