Aspen Technology Appoints David Baker as SVP, Chief Financial Officer
07 Mai 2024 - 10:05PM
Business Wire
Aspen Technology, Inc. (AspenTech) (NASDAQ: AZPN), a global
leader in industrial software, today announced that David Baker has
been appointed as Senior Vice President, Chief Financial Officer at
AspenTech, effective June 3, 2024.
Mr. Baker joins AspenTech from Emerson Electric Co. (Emerson),
where he spent over 27 years in various financial leadership roles,
most recently serving as Vice President, Financial Planning, where
he led financial planning and analysis for the entire $17 billion
Emerson corporation. In this position, Mr. Baker was crucial in
leading Emerson’s finance transformation to meet the needs of a
newly focused global automation leader. Prior to this role, Mr.
Baker served as Vice President and Chief Financial Officer,
Automation Solutions at Emerson, where he spearheaded a multi-year
cost reset plan that impacted organizational structure and plant
footprint, among other areas. As a result of this work, Emerson’s
$11.8 billion Automation Solutions business reported record orders,
sales and EBITA in 2022.
“I am very pleased to welcome Dave to the AspenTech team. He
brings extensive experience in executing growth initiatives and
driving financial outcomes at Emerson,” said Antonio Pietri,
President and CEO of AspenTech. “His deep financial and business
experience, strategic acumen and proven leadership will be critical
in helping to drive our corporate strategy and leading our talented
finance organization to deliver long-term value to
shareholders.”
“AspenTech is an exceptional company with unparalleled
leadership in industrial software and it is an honor to be joining
this world-class team,” said Mr. Baker. “Asset-intensive companies
are looking for strategic partners as they navigate the energy
transition and l look forward to leading AspenTech’s finance
organization at this pivotal time. AspenTech is well-positioned to
capitalize on this tremendous opportunity as digital solutions and
innovation remain fundamental drivers of our customers’
growth.”
On June 3rd, current interim Chief Financial Officer,
Christopher Stagno will resume his role within AspenTech as Senior
Vice President and Chief Accounting Officer. “I want to thank Chris
for stepping in to serve as interim CFO during our search process.
I look forward to working with Dave and Chris going forward to
continue executing on our strategy and delivering long-term success
for the company,” Pietri concluded.
About AspenTech
Aspen Technology, Inc. (NASDAQ: AZPN) is a global software
leader helping industries at the forefront of the world’s dual
challenge meet the increasing demand for resources from a rapidly
growing population in a profitable and sustainable manner.
AspenTech solutions address complex environments where it is
critical to optimize the asset design, operation and maintenance
lifecycle. Through our unique combination of deep domain expertise
and innovation, customers in asset-intensive industries can run
their assets safer, greener, longer and faster to improve their
operational excellence. To learn more, visit AspenTech.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240507871473/en/
Media Contact Len Dieterle AspenTech +1 781-221-4291
len.dieterle@aspentech.com Investor Contact Brian Denyeau
ICR +1 646-277-1251 ir@aspentech.com
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