AUSTIN, Texas–(Organization WIRE)–Nov 4, 2020–
Q2 (NYSE: QTWO), a foremost supplier of digital transformation remedies for banking and lending, introduced these days that David Mehok will be joining the corporation as its new main money officer, efficient November 9, 2020. Mehok will do well Jennifer Harris, who has introduced her intention to retire. Harris will remain on by way of March 2021, to help with Mehok’s orientation and ensure an orderly transition.
Mehok has extra than 20 a long time of monetary administration expertise and provides an intensive history in world corporate finance, money scheduling and analysis, investor relations, strategic setting up, mergers and acquisitions, monetary accounting and operations. Mehok joins Q2 from Epicor Program Company, exactly where he was chief money officer from January 2018 right until its invest in by a non-public fairness firm in the past month. Mehok led Epicor’s world finance, accounting, IT, operations and lawful corporations.
Prior to his time at Epicor, from January 2015 until eventually January 2018, Mehok served as Main Financial Officer of CLEAResult Consulting, Inc., the most significant provider of electricity performance courses and services in North The united states, where by he helped push robust expansion and built-in many acquisitions. Prior to that, Mehok served in a wide variety of significantly considerable finance roles about 18 yrs with Dell, Inc., like from April 2014 till January 2015 as Divisional Chief Economical Officer/Controller, U.S. Most popular Accounts/Dell Canada, a person of Dell’s premier customer segments, from February 2011 till April 2014 as Investor Relations Officer and from January 2009 until eventually February 2011 in Dell’s Shopper Small business Unit, foremost economical scheduling and examination, together with an interim purpose as Chief Fiscal Officer, Dell Purchaser. Mehok holds a B.S. in Accounting from Villanova University and an M.B.A. in Finance from the College of Texas at Austin.
“David is a seasoned leader who has a tested track record of bettering business effects, primary huge and small teams and formulating and driving critical business enterprise procedures,” stated Matt Flake, CEO of Q2. “He’s a pure fit for Q2’s society, and we are thrilled to welcome him to our leadership team as we go on to scale our economic and strategic organizing operations to fulfill the remarkable current market prospect forward of us.”
“On behalf of our board of administrators and all of Q2, I thank Jennifer for her remarkable contributions all through her extraordinary tenure at Q2,” claimed Flake. “She has been a fantastic leader, mentor and colleague, and she has created huge price for our company, our stockholders and our personnel. In her 7 decades as CFO, Jennifer’s regular hand has helped information Q2 through its phenomenal progress, making a planet-course finance and accounting firm that is poised to choose on the upcoming exciting levels of Q2’s journey. I would like Jennifer all the most effective in this perfectly-deserved future chapter of her lifetime. ”
“I am thrilled to be part of Q2 and have admired for some time Q2’s accomplishment and dedication to its mission to construct sturdy and various communities by strengthening their economical establishments,” said Mehok. “Q2 has a lifestyle of regard, dedication and provider, a proven small business design, and a powerful industry option. I search forward to performing with the crew to even further progress the digital transformation transpiring in just monetary solutions. ”
As CFO, Mehok will lead Q2’s global finance and accounting organization and be liable for accounting, treasury, economical preparing and analysis, tax, investor relations and authorized. He will report directly to Flake.
About Q2 Holdings, Inc.
Q2 is a financial practical experience corporation focused to delivering digital banking and lending options to banking institutions, credit unions, option finance, and fintech organizations in the U.S. and internationally. With thorough stop-to-close option sets, Q2 enables its partners to supply cohesive, safe, info-driven activities to every single account holder – from client to modest small business and company. Headquartered in Austin, Texas, Q2 has workplaces all over the environment and is publicly traded on the NYSE underneath the inventory symbol QTWO. To master additional, make sure you visit Q2.com.
This press release includes ahead-searching statements, which include statements about: Mehok’s skill and in shape Q2’s intent and readiness to scale its economical and strategic scheduling functions Q2’s industry chance Q2’s proven enterprise model and, the digital transformation happening inside of financial services. The forward-wanting statements contained in this press release are based on Q2’s historical performance and its present-day strategies, estimates, and anticipations and are not a representation that these kinds of programs, estimates or anticipations will be reached. Elements that could trigger true outcomes to vary materially from all those explained herein include the adverse impacts of the COVID-19 pandemic on Q2’s organization functions and on world-wide economic and economical markets, such as on Q2’s consumers, associates and suppliers and workforce and enterprise, as perfectly as risks related to: (a) the hazard of elevated levels of competition in its existing marketplaces and as it enters new sections of the current market with Tier 1 consumers, new marketplaces with Alt-FIs and fintechs and new items and providers (b) the chance that COVID-19, the elections or other elements continue on to negatively affect or disrupt the markets for Q2’s methods and that the markets for Q2’s solutions do not return to standard or expand as anticipated, in particular with respect to Tier 1 consumers and Alt-FI and fintech consumers (c) the chance that Q2’s amplified concentrate on providing to larger Tier 1 clients may possibly consequence in greater uncertainty and variability in Q2’s organization and profits results (d) the threat that alterations in Q2’s marketplace, company or sales organization negatively impacts its capacity to sell its goods and expert services (e) the issues and prices connected with promoting, employing and supporting Q2’s options, specifically for bigger customers with more complex requirements and more time implementation procedures, including challenges related to the timing and predictability of sales of Q2’s solutions and the effect that the timing of bookings may well have on Q2’s income and monetary efficiency in a period (f) the threat that errors, interruptions or delays in Q2’s merchandise or companies or World wide web internet hosting negatively impacts Q2’s business enterprise and income (g) challenges affiliated with info breaches and breaches of stability measures inside of Q2’s goods, devices and infrastructure and the resultant damage to Q2’s business and its capacity to provide its products and services (h) the impact that a slowdown in the financial system, financial marketplaces and credit marketplaces could have on Q2’s shoppers and Q2’s business enterprise revenue cycles, potential customers and customers’ expending selections and timing of implementation choices, notably in regions where by a significant amount of Q2’s prospects are concentrated (i) the problems and threats connected with acquiring and selling complex new alternatives and enhancements with the complex and regulatory specs and operation essential by clients and governmental authorities (j) the hazards inherent in know-how and implementation partnerships that could result in harm to Q2’s enterprise (k) the difficulties and fees Q2 might come across with complex implementations of its solutions and the ensuing impact on standing and the timing of its earnings from any delayed implementations (l) the risk that Q2 will not be equipped to maintain historic agreement phrases such as pricing and duration (m) the challenges associated with handling development and the challenges linked with bettering functions and choosing, retaining and motivating personnel to aid such development (n) the risk that modifications or negotiations of contractual arrangements will be essential in the course of Q2’s implementations of its solutions or the general challenges involved with the complexity of Q2’s customer arrangements (o) the threats related with integrating obtained corporations and correctly providing and maintaining their answers (p) the dangers related with predicted better working fees in 2020 and beyond (q) litigation linked to mental house and other issues and any linked claims, negotiations and settlements (r) the risks associated with further more consolidation in the monetary services market (s) risks related with marketing Q2 solutions internationally and (t) the threat that Q2 debt compensation obligations could adversely affect its fiscal problem and dollars flows from functions in the future and that Q2 may possibly not be equipped to acquire capital when wanted or wanted on favorable terms.
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Keyword: UNITED STATES NORTH America TEXAS
Sector Key phrase: Expert Services Information Administration Technological know-how FINANCE Software BANKING
Resource: Q2 Holdings, Inc.
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PUB: 11/04/2020 04:31 PM/DISC: 11/04/2020 04:31 PM