TMCnet News
Cornerstone Appoints Two New Members to Board of DirectorsCornerstone OnDemand, Inc. (NASDAQ: CSOD), a global leader in people development solutions, today announced the appointment of two new members to its Board of Directors effective Dec. 16, 2020. Felicia Alvaro, former Chief Financial Officer and Treasurer for Ultimate Software, and Nancy Altobello, former Global Vice Chair of Talent for Ernst & Young, bring decades of finance, audit and leadership experience to Cornerstone. Alvaro spent the past 22 years at Ultimate Software, helping the company grow from $50 million in revenue to over $1 billion. She retired earlier this year as the Executive Vice President, Chief Financial Officer and Treasurer where she oversaw the company's accounting, finance, privacy, risk and compliance, tax, treasury and financial systems teams. During her time at Ultimate Software, she oversaw the financial aspects of the company's largest acquisition, which took them global, and its transition from a public company to a privately held company. Prior to Ultimate Software, Alvaro spent 11 years in finance and accounting positions at Precision Response Corporation, Pueblo Xtra International and KPMG. Altobello built her career at Ernst & Young (EY) and has over three decades of global audit and talent management experience. Most recently, she served as the Global Vice Chair of Talent, where she oversaw the company's talent and people strategy worldwide and was a member of the EY board. Throughout her career at EY, Altobello held several senior-level positions, including Audit Partner, Americas Vice Chair of Talent and Managing Partner, Northeast Region, Audit and Advisory Practices. She is also a seasoned board member, currently sitting on the boards of Market Axess, MTS (News - Alert) Systems, Ports America and a trustee of the Fidelity Charitable board of trustees. She was previously on the board of CA Technologies before it was acquired by Broadcom (News - Alert) in 2018. Comments on the news:
To learn more about Cornerstone's Board of Directors, visit: https://www.cornerstoneondemand.com/company/board-directors/. About Cornerstone Cornerstone is a premier people development company. We believe people can achieve anything when they have the right development and growth opportunities. We offer organizations the technology, content, expertise and specialized focus to help them realize the potential of their people. Featuring comprehensive recruiting, personalized learning, modern training content, development-driven performance management and holistic employee data management and insights, Cornerstone's people development solutions are used by more than 6,000 customers of all sizes, spanning more than 75 million users across over 180 countries and nearly 50 languages. Learn more at https://www.cornerstoneondemand.com/. Forward-Looking Statement This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements relating to the benefits to the company expected from the addition of the two nominees are forward-looking statements that involve a number of uncertainties and risks. Actual results may differ materially from these statements and from actual future events or results due to a variety of factors, which are described in reports and documents the company files from time to time with the Securities and Exchange Commission, including the factors described under the section titled "Risk Factors" in the company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2020. Undue reliance should not be placed on the forward-looking statements in this press release, which are based on information available to the company on the date hereof. Except to the extent required by applicable law, the company disclaims any obligation to update information contained in these forward-looking statements whether as a result of new information, future events, or otherwise.
View source version on businesswire.com: https://www.businesswire.com/news/home/20201217005331/en/ |