Digital transformation leader Innovapptive names new Chief Financial and Chief Revenue officers.
Innovapptive, a global digital transformation pioneer, announced that the company has promoted two executives to new roles within the organization, effective immediately. Tony Malz, formerly Vice President of Finance, becomes Chief Financial Officer (CFO), and Stuart Morstead, formerly interim Director of Sales, moves to Chief Revenue Officer (CRO).
“Both of these leaders have made tremendous contributions to Innovapptive in a short period and each deserves this recognition,” said CEO and co-founder Sundeep Ravande. “Tony and Stuart stepped into challenging positions that required deep wells of experience and determination. Each met their challenges and our company is moving in an exciting direction thanks to their vision and determination. I look forward to what they can achieve in the years ahead.”
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Tony Malz joined Innovapptive in May 2021. He revamped the company’s financial planning and analysis and focused Innovapptive’s investments on rapid revenue growth and greater efficiency. As CFO, Tony will develop predictable investment strategies and drive operational execution to help the company realize its financial ambitions. He will also partner closely with the company’s customers, investors, board of directors, and auditors.
Before joining Innovapptive, Tony spent 17 years in finance leadership roles at software companies including FICO and Intuit. Tony graduated from San Diego State University with a Bachelor’s and Master’s in Finance and is a Chartered Financial Analyst (CFA) charter holder.
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Stuart Morstead joined Innovapptive in March 2022. As CRO, he will realign the company’s sales, marketing, and customer success teams to operate as a single unit to drive additional revenue growth.
Stuart has strong experience as a management consultant and high-tech industry entrepreneur. Stuart led McKinsey’s digital practice for the southern U.S. and northern Latin America. At Honeywell, he was profit and loss leader for their connected industrial software business – a global organization of more than 1,300 employees. Stuart has also co-founded several tech services and product companies in his career.
Stuart holds a BA in Economics from Rice University (where he later served as an Adjunct Professor in the Jones School of Business) and an MBA from INSEAD in Fontainebleau, France. He has also authored two books on outsourcing and offshoring.