Logistics technology provider MercuryGate International Inc. is continuing to realign the company onto a new growth track, announcing Monday that it had hired a new chief financial officer and reassigned various operational duties to CEO Joe Juliano's job description.
The Cary, North Carolina-based software firm has hired Mark Huebeler as CFO, reaching outside the realm of transportation management system (TMS) vendors to tap an executive with experience in the software as a service (SaaS) and professional services sectors. Huebeler has nearly two decades of financial expertise including executive roles most recently at Valassis Digital, an advertising technology company, and previously at LexisNexis, Red Hat, Nortel Networks, and Constellation Energy.
Huebeler replaces Dan Graham, who had served as both chief operating officer and CFO until stepping down on September 15, MercuryGate said in an email. Graham was a member of the leadership team that drove the acquisition of MercuryGate by the Boston-based private equity firm Summit Partners in August 2018.
Following that transaction, Graham decided to leave MercuryGate but agreed to stay through the transition, the firm said. MercuryGate has now split Graham's roles, assigning his COO duties to President and CEO Joe Juliano and his CFO duties to Huebeler.
In his new job, Huebeler has been charged with supporting the execution of MercuryGate's strategic growth priorities, guiding positive change and transformation in finance, structuring mergers & acquisitions (M&A) activity, and driving financial planning for MercuryGate's international expansion, the company said.
The leadership shuffle is Summit Partners' latest maneuver to position MercuryGate into high-growth channels, since the company opened a U.K. branch to offer TMS software to customers in the Europe, Middle East and Africa (EMEA) region in October, acquired the freight claims management software vendor TranSolutions Inc. in July, and announced technology integrations with last-mile delivery platform Convey Inc. and with digital freight broker Uber Freight.
Today we are excited to announce the addition of Mark Huebeler to the #MercuryGate executive team as Chief Financial Officer. Please help us welcome Mark! https://t.co/OEIJvLALq6 pic.twitter.com/EGMecJG5nX— MercuryGate (@MercuryGate) November 18, 2019