TravelClick Appoints David Obstler as Chief Financial Officer

NEW YORK, Oct. 15, 2014 /PRNewswire/ -- TravelClick, a global provider of innovative cloud-based solutions that enable hotels to grow revenue, announced today the appointment of David Obstler as its Chief Financial Officer, effective immediately. 

Mr. Obstler brings to TravelClick nearly 30 years of experience in finance, 15 of which were spent in the role of Chief Financial Officer. During this time, he helped several leading public and private equity-backed companies in New York City achieve operational and financial growth as well as successfully navigate financial and business transformations. He also has participated in multiple initial public offerings (IPO) and M&A transactions.

"We are excited to have a finance professional of David's caliber join TravelClick. He is an important member of the team and will be instrumental in realizing our business and financial objectives," said Larry Kutscher, Chief Executive Officer at TravelClick.  "David's proven track-record of successfully leading private and public companies, spearheading and integrating acquisitions and positioning companies for rapid growth, will enable us to build upon our industry leadership position."

Most recently, Mr. Obstler was Chief Financial Officer at OpenLink Financial, a global leader in Transaction Lifecycle Management (TLM) software for the commodity, energy and financial services industries with revenues of more than $300 million.  Prior to that, Mr. Obstler was Chief Financial Officer of MSCI Inc., a leading provider of investment decision support tools.  Mr. Obstler assumed the role after MSCI acquired Risk Metrics in June 2010, where he served as Chief Financial Officer. Under his guidance, Mr. Obstler coordinated the financial integration of MSCI Inc. and Risk Metrics, consolidated and strengthened the combined 165-person global finance team and helped the company achieve targeted cost synergies. During his tenure at Risk Metrics group, Mr. Obstler was integral in shaping the company's business and financial growth strategy. He was also responsible for broadening the capabilities of the finance department to support the company's expansion, its integration of several acquisitions and to prepare for its IPO and ultimate sale to MSCI Inc.

"I am pleased to join the leading provider of technology and marketing solutions to the hospitality sector.  I look forward to working with the leadership team as TravelClick continues to grow organically, explore potential acquisitions and ultimately deliver value to its 38,000 hotel clients around the world that utilize our Company's products and services," said Mr. Obstler.

Prior to MSCI Inc., Mr. Obstler acted as Chief Financial Officer at Pinnacor Inc., leading the company through its private financing, IPO, two acquisitions, and eventual sale. In addition, he previously held investment banking roles at JP Morgan & Co., Lehman Brothers and Goldman, Sachs & Co. Mr. Obstler holds a Bachelor of Arts in Economics from Yale University and a Master in Business Administration from Harvard University.

TravelClick retained the services of Bespoke Partners executive search firm to conduct its search for the Chief Financial Officer.

About TravelClick, Inc.
TravelClick (TravelClick.com) provides innovative cloud-based solutions for hotels around the globe to grow their revenue, reduce costs and improve performance. TravelClick offers hotels world-class reservation solutions, business intelligence products, and comprehensive media and marketing solutions to help hotels grow their business. With local experts around the globe, we help more than 38,000 hotel clients in over 160 countries drive profitable room reservations through better revenue management decisions, proven reservation technology and innovative marketing. Since 1999, TravelClick has helped hotels leverage the web to effectively navigate the complex global distribution landscape. TravelClick has offices in New York, Atlanta, Philadelphia, Chicago, Barcelona, Dubai, Hong Kong, Houston, Melbourne, Orlando, Shanghai, Singapore and Tokyo. Follow us on twitter.com/TravelClick and facebook.com/TravelClick.

CONTACT INFO:
Danielle DeVoren / Andrew Herweg
KCSA Strategic Communications
212.896.1272 / 212.896.1273
[email protected] / [email protected]

SOURCE TravelClick

Related Links

http://www.travelclick.com