Orem-based Avetta, a developer and marketer of cloud-based supply chain risk management software, has named Arshad Matin as president and CEO. The company’s board of directors said the move is effective immediately. Matin will also become a member of the board. Matin succeeds John Herr, who is stepping down and will become a strategic advisor to the board.
Matin brings to Avetta experience in successfully leading high-technology and software companies over the past 25 years. Most recently, he was president, CEO and a board member of Paradigm Ltd., a developer of software solutions in the oil and gas industry. Previously, he held senior leadership roles at companies including IHS Markit, Seismic Micro-Technology Inc., Symantec Corp. and BindView Corp. For nine years, Matin was a Partner with McKinsey & Co. where he served clients on technology, organization and strategy-related issues.
“We are pleased to welcome Arshad Matin at this exciting time for the company,” said Christopher J. Hooper, lead director of the board. “Avetta is accelerating growth and capitalizing on the opportunity to utilize software to enhance safety, sustainability and regulatory compliance outcomes for clients and their suppliers in North America and internationally. We believe Arshad’s extensive experience scaling software businesses will be invaluable as the company executes the next phase of its growth strategy. We would like to thank John Herr for his foundational contributions over the past five years in leading Avetta to the strong position it is in today. We wish him all the best in his future endeavors.”
“I am excited to join Avetta and partner with its talented team,” said Matin. “With its market leadership in supply chain risk management, demonstrated value in helping clients and suppliers achieve their business objectives and a mission-driven culture, Avetta has clear competitive advantages on which to build in a highly attractive and growing industry.”
“It’s been a privilege to lead Avetta from its founder-owned phase through the substantial growth we have achieved over the past five years,” said Herr. “I am proud of our accomplishments and the company is in excellent shape to continue to grow and serve our customers and suppliers around the world. I am confident that Avetta is well-positioned for the future.”