|[February 18, 2014]
Nexant Names Jonathan Foster as New CFO
SAN FRANCISCO --(Business Wire)--
the global energy software and services company, announced today that
Jonathan Foster has joined the company as chief financial officer.
Reporting to Nexant CEO Basem Sarandah, Foster will direct finance and
accounting operations, manage corporate services, and lead financing and
investment initiatives to support Nexant's strategic growth plans,
overseeing both investment and capital raising activities as well as
mergers and acquisitions.
Foster brings over 20 years of professional finance, financial strategy,
and legal expertise to Nexant. Previously, Foster served as CFO of LS9,
Inc., an advanced biofuels/biotechnology development firm recently
acquired by Renewable Energy Group. Prior to LS9, he served as CFO and
Executive VP of Corporate Development at Atempo, Inc., an enterprise
backup and archiving software developer (acquired by ASG Software
Solutions). His previous positions include CFO, Keymage, Inc.; Senior
VP, Corporate Development and eneral Counsel at 8x8 (News - Alert), Inc.; and Deputy
Director for Management and General Counsel for the White House Office
of Science and Technology Policy.
"We are very pleased to have Jon join us at this stage of our
development," said Sarandah. "His strong background in energy and
software technology finance, operations, and strategy-coupled with his
extensive transactional and legal expertise will be of enormous value to
Nexant as we move to take advantage of significant market opportunities."
"I look forward to working with the Nexant team to achieve even stronger
business results and continued profitable growth," said Foster. "I am
impressed with Nexant's sustainable energy focus, its people, and look
forward to supporting its plans to grow its portfolio of smart grid and
energy efficiency software and service offerings."
Foster is a member of the Board of Directors of the California Clean
Energy Fund, an innovative private non-profit spurring investment in
startup clean energy companies. He also serves as vice-chair of the
utilities commission in Palo Alto (News - Alert), California and is a member of the
national advisory council for Environmental Entrepreneurs (E2), a
national organization of business leaders promoting sound energy and
environmental policies. Foster holds a J.D. from Harvard Law School and
a B.S. in mechanical engineering from Yale University.
Nexant is a global energy industry leader, offering a comprehensive
suite of industry software solutions and advisory services designed to
transform utility business processes, support implementation of smart
grid and demand side initiatives, and provide energy industry and
technology insights. Over the last decade, it has developed and
commercialized technology solutions and offerings including Nexant
iEnergy®, Nexant Grid360™, Nexant iHedge®, Nexant RevenueManager®, and
NexantThinkingTM that enable utilities, power producers, and
energy resource companies to improve operational and financial
efficiency, reduce risk, and enhance customer engagement across the
energy value chain. Nexant is headquartered in San Francisco, California
and operates from 32 corporate, representative, and project offices
located throughout the United States, Europe, the Middle East, Africa,
and Asia. Media contact: Bob Burdett, +1 415 369 1114.
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