Interactive Intelligence has named a new chief financial officer, an insider who will replace a veteran CFO who retires at the end of the month.
Ashley Vukovits will assume the roles of CFO, senior vice president of administration, secretary and treasurer on Aug. 1. The titles were held by long-time CFO Stephen R. Head. Vukovits has been with the company for 12 years, most recently as vice president of finance.
“Ashley’s 20-plus years of experience in finance, combined with her 12 years at Interactive Intelligence, make her an ideal fit for our CFO role,” CEO and founder Donald Brown said in prepared remarks. “She has earned the trust and respect of everyone on the senior management team."
The Indianapolis-based company sells software and cloud services for customer engagement and enterprise collaboration. Over the past few years, it's been shifting its business model to subscriptions from upfront fees, and investing heavily in cloud technology.
It's stock was up 1 percent late Thursday morning to $44 a share.
Head joined the company in 2003 when its stock was trading around $3 and it was pulling in about $51 million in annual revenue. Last year the company had $341 million in revenue. Head was named to IBJ's CFO of The Year List in 2010.
Before joining Interactive Intelligence, Vukovits held senior finance positions with Union Acceptance Corp., the company said.
Interactive Intelligence also announced that it's promoting Chief Performance Officer Bill Gildea to a newly created chief operating officer position, effective Aug. 1. He'll be responsible for driving operational efficiencies throughout the company, and managing corporate development, legal and investor relations, the firm said.
Brown, who started the company in 1994, is CEO, chairman and president. He told IBJ this year that while he had no immediate plans to shed any of the titles, adding a COO could be "the next logical step" in the process.