Business
Domo Announces CFO Transition
David Jolley to step down as Chief Financial Officer, moving to Senior Advisor role Tod Crane to be promoted to Chief Financial Officer SILICON SLOPES,
About this update from Domo, Inc.
[{"type":"text","content":"\nDavid Jolley to step down as Chief Financial Officer, moving to Senior Advisor role\n\n\nTod Crane to be promoted to Chief Financial Officer\n\n\n SILICON SLOPES, Utah--(BUSINESS WIRE)--\nToday Domo (Nasdaq: DOMO) announced that David Jolley will step down as Domo’s Chief Financial Officer due to personal health challenges. He will transition out of the CFO role at the end of Domo’s third quarter, and after that time, will continue to support the company and its executive team as a Senior Advisor.\n\n\nDomo’s SVP of Finance, Tod Crane, will be promoted to Chief Financial Officer. Joining Domo in 2015, Tod has held several finance leadership roles, and in recent months, has worked closely with David across all aspects of Domo’s financial operations and investor relationships.\n\n\n“I want to thank David for his contributions as CFO at Domo. His passion for innovation and growth drove strong operational excellence and efficiency, and I am grateful for his leadership and partnership,” said Josh James, founder and CEO, Domo. “Thankfully, we will still have David in a senior advisory capacity, and I am delighted to have Tod Crane step into the CFO role. I have had the pleasure of working closely with Tod over his nearly decade tenure at Domo, and I strongly believe Tod has the experience and insights Domo needs for our path back to growth.”\n\n\n“Over the past year or so, I have experienced significant complications with my eyesight, including having lost over 90% of the vision in my right eye. Despite several surgeries to remediate the issues, I was recently informed that my eyesight cannot be corrected and in fact, am at a high risk of losing the vision in my left eye as well. After a lot of reflection and conversations, I’ve decided that it is time for me to move out of the day-to-day role of CFO,” commented Jolley. “I’m incredibly honored to have served as Domo’s CFO, and for the opportunity ahead to stay involved as a Senior Advisor. I have the utmost confidence in Tod Crane, given his deep financial knowledge and expertise of Domo, and I look forward to a very long relationship with the company.”\n\n\nAbout Tod Crane\n\n\nTod Crane has been a strategic member of Domo’s Finance team for nearly 10 years, where he has overseen areas including FP&A, SEC reporting, debt and equity transactions, and revenue recognition. He brings o...