IFS appoints Matthias Heiden as Chief Financial Officer

Author: IFS / 2023-07-24 01:37 / Source: IFS

IFS appoints Matthias Heiden as Chief Financial Officer

LONDON,March 8,2023 --IFS,the global cloud enterprise software provider,announces the appointment of Matthias Heiden asits new Chief Financial Officer. After a four-year tenure,current CFO Constance Minc will move to the IGT Group level asChief Financial Officer IGT1,the holding entity of IFS and WorkWave.

The appointments of Heiden and Minc follow the5th consecutive year of double-digit growthat IFS and will come into effect from April 1st 2023.

Heiden brings a strong financial pedigree to IFS with a Ph.D. from Universität des Saarlandes. He joins IFS from Software AG where in his role of CFO and Executive Director he played a fundamental role in driving the company's transformation and successfully led its shift to a subscription-based business model. Prior to Software AG,Heiden's positions included Group CFO at SAF-HOLLAND SE and Regional CFO and Managing Director at SAP.

IFS Chief Executive OfficerDarren Rooscommented: "Over the last five years,IFS has experienced phenomenal growth and as we continue our trajectory,I am pleased to welcome Matthias to the organization as Chief Financial Officer." Roos Continued, "Matthias' proven track record in the technology space will provide the financial leadership that will help us accelerate towards our goals. Matthias will report to me from his base in Germany and I look forward to him playing an integral role in shaping our investments and business strategies."

Roosconcluded,"In her new executive role at the IGT Group level,Constance will lead financial strategies across both IFS and WorkWave with the goal to protect and optimize shareholder interests."

Commenting on his new appointment at IFS,Matthias Heiden said,"I am excited to have joined IFS,especially at such an important time of growth. As Constance and I work together over the next few weeks,I look forward to getting to know IFS's business better and I am committed to continue building on the outstanding foundation that has been established. I am confident that my experience and leadership will help elevate further the financial team's contribution to IFS."

About IFS

IFS develops and delivers cloud enterprise software for companies around the world who manufacture and distribute goods,build and maintain assets,and manage service-focused operations. Within our single platform,our industry specific products are innately connected to a single data model and use embedded digital innovation so that our customers can be their best when it really matters to their customers – at the Moment of Service™. The industry expertise of our people and of our growing ecosystem,together with a commitment to deliver value at every single step,has made IFS a recognized leader and the most recommended supplier in our sector. Our global team of over 5,500 employees every day live our values of agility,trustworthiness and collaboration in how we support thousands of customers. Learn more about how our enterprise software solutions can help your business today at ifs.com.

IFS Press Contacts:

EUROPE / MEA / APJ: Adam Gillbe

IFS,Director of Corporate & Executive Communications

Email:press@ifs.com

Phone: +44 7775 114 856

NORTH AMERICA / LATAM: Mairi Morgan

IFS,Director of Corporate & Executive Communications

Email:press@ifs.com

Phone: +1 520 396 2155

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IFS appoints Matthias Heiden as CFO