Charles Phillips, who has served as CEO since 2010, has stepped down from the role and has been named as the Chairman of Infor’s Board of Directors.
Taking his place as the cloud software firm’s chief executive will be Kevin Samuelson, who has served as Infor’s CFO. Samuelson will also join the company’s Board of Directors.
Samuelson is one of the longest tenured executives at Infor, having spent 14 years between M&A and CFO roles.
According to Infor, Samuelson was instrumental in driving strategic acquisitions for Infor, helping grow the company from $35 million in annual revenue, to $3 billion, as well as securing enduring investment partners. He has also been actively involved in a broad array of Infor’s operational and sales activities and has played a key role in several of the company’s recent large customer wins.
“I feel very fortunate to work with such a great team at Infor,” said Samuelson. “Charles’s guidance and leadership helped shape this company into a market leading provider of multitenant, cloud-based ERP applications. Our vision is to build on Infor’s impressive trajectory, continually evolve our range of SaaS products that allow for quick and material ROI and value add for our customers and provide first-class service at every step of the journey.”
In his new role as Chairman of the Board, Phillips will focus on strategy development, customer relationships, and new acquisitions.
“I’m extremely proud of the team’s accomplishments during my tenure. It is the right time to evolve our executive leadership as we continue to drive innovation in the industry,” said Philips. “Kevin is a talented leader and I look forward to working with him and our experienced team as Chairman. I am confident Kevin and his leadership team will take Infor to the next level of growth, successfully implement our business strategy, and take advantage of the market opportunities ahead. Infor has great people and is poised for growth in its unique mission as the first industry cloud company.”
Infor has made several additional senior leadership appointments that support the evolution of the company’s operating model to enhance sales, service and customer functions by geography, as well as support its long-term growth strategy. Soma Somasundaram, will take on the newly created President of Products position, in addition to maintaining his current role as CTO; Jay Hopkins has been promoted from Chief Accounting Officer to CFO; Cormac Watters has been promoted to General Manager, Head of International Markets; and Rod Johnson has been promoted to General Manager, Head of Americas.
All leadership appointments announced today are effective immediately.