Centage Announces Appointment of John Murdock to Chief Executive Officer

NATICK, Mass., Sept. 25, 2018 /PRNewswire/ -- Centage Corporation (www.centage.com), the leading provider of budgeting, forecasting, analytics and reporting solutions through its innovative Maestro Suite, announced today that John Murdock has been promoted to president and CEO of the company. John served as the chief revenue officer at Centage for the past three years, spearheading all sales and marketing efforts and has been a driving force behind the company's growth and transformation to a leading cloud-based solution provider.

Jeb Spencer, co-founder and managing partner at TVC Capital and member of the Centage Board of Directors, expressed his confidence in John stepping up to lead the company. "John has an extensive 20+ year track record and the instinct, dedication and passion to lead Centage through its next chapter of growth. He deeply understands the market and is well respected by the entire board. The industry is going through an exciting wave of innovation and Centage is establishing themselves as a leader with their product evolution, vision and ability to execute. I look forward to seeing John lead the company forward." 

John assumes the CEO role from Ken Marshall, who has been serving as interim CEO after the sudden passing in November 2017 of former CEO Barry Clapp. Ken is a technology veteran, a 7-time CEO himself, and partner at Marlborough Street Partners, a firm specializing in helping companies through critical inflection points of growth. Ken will be joining the Centage Board of Directors as Executive Chairman.

"This feels like a very natural step to appoint John to the role of CEO. He has been instrumental in the company's strategy, growth and success over the past few years. He is highly respected by our employees and brings a customer-centric approach to his leadership style. John has been a 'boots on the ground' executive, engaging with hundreds of CFOs and finance teams over the years to discuss budgeting, forecasting, analytics and how Centage can transform and simplify their businesses. He is the perfect choice to help lead Centage to the next level of technology innovation and focus on its customers," explained Ken Marshall.

"I'm honored to have the opportunity to take the reins of the company," said John. "Centage has some of the smartest, kindest, customer-focused professionals I have ever met. Our customers are amazing and I look forward to continuing to invest in our staff, resources and R&D within the areas that matter most to our customers. This is a time of rapid change and emerging technologies, as more businesses look to the Cloud for budgeting, planning, forecasting and analysis solutions. As CEO, I am committed to keeping Centage at the cutting edge of innovation and I will be working with our team to create strategies and solutions that generate value for our customers. I'm excited for what lies ahead."

In addition to his experience at Centage, John held senior leadership roles at Juniper, Kaspersky North America, and QuickPivot over the past 15 years. His undergraduate studies were at Northeastern University where he studied Engineering and his graduate studies were at Boston University where he studied Business.

About Centage
Centage Corporation's Maestro Suite enables faster, more accurate budgeting, forecasting, analytics and reporting for small to mid-market organizations via their award winning Budget Maestro, Analytics Maestro and Link Maestro products. Cloud-based and collaborative, the Maestro Suite of products eliminate the time-consuming and error-prone activities associated with using spreadsheets. It shows how a business is performing and helps accurately forecast and report on its future financial health. It is the only solution that offers synchronized P&L, balance sheet and automatically generated cash flow reporting, to speed up decision-making and deliver useful business information year round. Centage serves over 10,000 users worldwide. Visit Centage.com, follow on Twitter, or visit the Centage Blog for the latest insights.

SOURCE Centage Corporation

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