Business
Martin Kay Named CEO of Netcapital Inc.
Former Accenture Executive to Lead Company’s Continued Expansion Dr. Cecilia Lenk Assumes Position of CEO of Netcapital Advisors BOSTON--(BUSINESS WIRE)--
About this update from Netcapital Inc.
[{"type":"text","content":"\nFormer Accenture Executive to Lead Company’s Continued Expansion\n\nDr. Cecilia Lenk Assumes Position of CEO of Netcapital Advisors\n\n BOSTON--(BUSINESS WIRE)--\nNetcapital Inc. (Nasdaq: NCPL, NCPLW) (the “Company”), a digital private capital markets ecosystem, today announced the appointment of Company director Martin Kay as Chief Executive Officer, effective January 3, 2023. In addition, the Company also announced that Dr. Cecilia Lenk, CEO of the Company since 2017, will assume the position of CEO of Netcapital Advisors Inc., the Company’s wholly-owned subsidiary.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230104005344/en/Martin Kay (Photo: Business Wire)\nThe appointment comes at a timely moment for the Company, as the current economic landscape has many investors reevaluating their portfolios and exploring alternative investment opportunities. Specifically, continued growth in demand among retail investors for exposure to startups and private capital markets more broadly has placed a premium on services provided by the Company, as well as prompted a need for more mature scalability, operations, and connections across the startup, advisor, and investor communities.\n\n“Martin’s counsel has been invaluable since he was appointed to the Company’s board of directors earlier this year, and we’re delighted to further benefit from his expertise as he becomes the Company’s new CEO,” said Dr. Cecilia Lenk. “His leadership experience - ranging from director and partner roles at Accenture, IBM and Bain & Company, to front line exposure as a venture investor, CEO and CRO - makes him ideally suited for this role, and I look forward to continuing our close collaboration as I turn my focus to scaling the Netcapital Advisors growth platform.”\n\nMartin Kay joined the Company’s board of directors in May 2022, after three decades as a successful leader, investor, advisor, and operator in early-stage digital ventures, including the original napster. Most recently Mr. Kay was a Managing Director with Accenture Strategy, where he led growth engagements for corporate clients and private equity firms. He is a co-founder of Accenture BLOOM, a digital strategy practice that invents, incubates, and scales new growth opportunities in partnership with clients. He was also the global...