Phunware Inc (NASDAQ:PHUN) has unveiled the appointment of Troy Reisner, a seasoned executive with over 30 years of global financial and operational experience, as its chief financial officer (CFO), effective June 2, 2023.
Reisner will succeed Matt Aune who will fully transition into his role as an advisor and continue to support the company through to December 31, 2023.
Reisner most recently served as CFO of Keystone Tower Systems where he managed the finance division for nearly four years. Prior to that he was a partner at Deloitte & Touche for over 16 years where he strategically advised clients on different financing structures, provided counsel to Audit Committee members on corporate governance matters, worked closely with senior leaders to interpret and manage complex areas of accounting and SEC rules related to financial statement risk.
"I am very excited to join the Phunware team as they are striving to take mobile engagement to the next level," said Reisner in a statement. "I look forward to working with Russ and each talented person at Phunware to help drive us forward for the benefit of our people, our shareholders and our customers."
Phunware's chief executive officer, Russ Buyse commented: "Troy brings a mix of strategic finance, deal-making, and operational experience that will power Phunware into the future. His ability to provide high-quality guidance and counsel, especially within the financial realm, will be extremely beneficial for our organization as we are looking to optimize costs and maximize our working capital. We look forward to benefiting from his insight as Phunware advances towards the next chapter of its corporate journey."
Buyse added: “I would also like to thank Matt for his decade-long service to the Company. He led our finance team through several phases of Phunware’s life, from its early custom development days to becoming a public company in 2018 to pivoting to our Location Based SaaS Platform and acquiring Lyte. Matt was a respected member of our executive team and will always be a friend to the company.”
Contact the author at jon.hopkins@proactiveinvestors.com