Expanded executive leadership team part of plan to accelerate growth and achieve $1B in annual revenue by 2026
LAS VEGAS–(BUSINESS WIRE)– Rimini Street, Inc. (Nasdaq: RMNI), a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products and a Salesforce partner, today announced a series of senior executive appointments including three new regional general managers (GMs) to oversee the Company’s North American Theater operations, and a new senior vice president of Global Operations who will lead the scaling of global systems, processes and operations. All four executives are seasoned leaders with significant track-records of success that will help achieve the Company’s stated goal of $1 billion in annual revenue by 2026.
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Rimini Street Appoints Three New Regional GMs of North America and New SVP of Global Operations (Graphic: Business Wire)
New GM’s to Drive Accelerated Growth Goals in North America
Rimini Street’s newly created regional GM roles in North America, the Company’s largest theater of operations, were formed to drive its plans to accelerate growth across the theater. Each new GM is responsible for the Company’s full business operations in their region, including client sales and success, and reports directly to Gerard Brossard, executive vice president and chief operating officer. Rimini Street’s three new regional GMs for North America are:
- Emmanuel Richard, group vice president and general manager, North East region – Mr. Richard joins Rimini Street with more than 20 years of experience building and running technology company field operations in the U.S. and internationally. Most recently he was responsible for building the East Coast operations for Kyvos Insights, a pre-venture start-up in the Cloud Analytics market. Prior to that, Richard spent nine years at MicroStrategy, the largest independent Business Intelligence vendor, where he served as the general manager for indirect sales worldwide. Previously, Richard was a sales executive at Microsoft, Borland Software, Quest Software and other technology organizations.
- Chris Bahr, group vice president and general manager, Central and North West region – Mr. Bahr joins Rimini Street with more than 30 years of experience as a software general manager and sales executive spanning start-ups to large companies, including IBM. During Bahr’s long career at IBM’s Software Group, he served in a number of senior positions, including vice president of sales for Global Analytics and vice president of sales for Global Smarter Workforce – IBM’s largest SaaS business. Earlier, Bahr served as director of IBM’s Software Group in Korea, where he drove a successful return to hyper growth. Bahr joins Rimini Street from Matterport, a venture backed start-up, where he served as vice president of Americas and led revenue generation for the company’s SaaS platform service.
- Stephen Zimmerman, group vice president and general manager, South and South West region – Mr. Zimmerman is a proven IT transformation leader with more than 25 years of sales and operations experience in the enterprise and mid-market for start-ups and large organizations, including Dell/EMC. During his 10-year tenure with Dell/EMC, Zimmerman held several leadership roles, most recently serving as managing director of Consulting, Enterprise West. Additional leadership roles with Dell/EMC included Global Services lead, American Express Global Account Team for the Western Division and a director in the organization’s Datacenter Transformation Consulting Practice. Zimmerman joins Rimini Street from Insight Enterprises where he was a managing principal in the Cloud and Datacenter Transformation consulting organization.
Veteran Technology Executive to Lead Global Operations
In addition to the new GMs for North America, Rimini Street appointed Phil Cullen to the newly created role of senior vice president, Global Operations. Cullen is responsible for managing the complex, fast-growing operational support and scaling needs for Rimini Street to achieve its stated goal of $1 billion in annual revenue by 2026. Cullen joins Rimini Street with more than 30 years of experience in the technology sector, including senior leadership roles where his responsibilities included global operations, product development, product support, professional services, customer success and customer experience. Prior to joining Rimini Street, Cullen held numerous senior level roles at leading technology companies, including vice president at PeopleSoft (acquired by Oracle), senior vice president of Data & Decision Science at Aptology and chief of staff to the CEO at Calypso Technology.
“As a fast-growing global business, it is key that we continue to invest in new, expanded leadership roles to achieve our goals,” said Seth A. Ravin, Rimini Street CEO. “These new leaders bring proven, significant experience to their respective roles which will amplify the depth, breadth and capabilities of our global leadership team.”
About Rimini Street, Inc.
Rimini Street, Inc. (Nasdaq: RMNI) is a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products and a Salesforce partner. The Company offers premium, ultra-responsive and integrated application management and support services that enable enterprise software licensees to save significant costs, free up resources for innovation and achieve better business outcomes. To date, more than 3,700 Fortune 500, Fortune Global 100, midmarket, public sector and other organizations from a broad range of industries have relied on Rimini Street as their trusted application enterprise software products and services provider. To learn more, please visit http://www.riministreet.com, follow @riministreet on Twitter and find Rimini Street on Facebook and LinkedIn. (RMNI-IR)
Certain statements included in this communication are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “may,” “should,” “would,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “seem,” “seek,” “continue,” “future,” “will,” “expect,” “outlook” or other similar words, phrases or expressions. These forward-looking statements include, but are not limited to, statements regarding our expectations of future events, future opportunities, global expansion and other growth initiatives and our investments in such initiatives. These statements are based on various assumptions and on the current expectations of management and are not predictions of actual performance, nor are these statements of historical facts. These statements are subject to a number of risks and uncertainties regarding Rimini Street’s business, and actual results may differ materially. These risks and uncertainties include, but are not limited to, the duration of and operational and financial impacts on our business of the COVID-19 pandemic and related economic impact, as well as the actions taken by governmental authorities, clients or others in response to the COVID-19 pandemic; catastrophic events that disrupt our business or that of our current and prospective clients, changes in the business environment in which Rimini Street operates, including inflation and interest rates, and general financial, economic, regulatory and political conditions affecting the industry in which Rimini Street operates; adverse developments in pending litigation or in the government inquiry or any new litigation; our need and ability to raise additional equity or debt financing on favorable terms and our ability to generate cash flows from operations to help fund increased investment in our growth initiatives; the sufficiency of our cash and cash equivalents to meet our liquidity requirements; the terms and impact of our outstanding 13.00% Series A Preferred Stock; changes in taxes, laws and regulations; competitive product and pricing activity; difficulties of managing growth profitably; the customer adoption of our recently introduced products and services, including our Application Management Services (AMS), Rimini Street Advanced Database Security, and services for Salesforce Sales Cloud and Service Cloud products, in addition to other products and services we expect to introduce in the near future; the loss of one or more members of Rimini Street’s management team; uncertainty as to the long-term value of Rimini Street’s equity securities; and those discussed under the heading “Risk Factors” in Rimini Street’s Quarterly Report on Form 10-Q filed on November 5, 2020, and as updated from time to time by Rimini Street’s future Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other filings by Rimini Street with the Securities and Exchange Commission. In addition, forward-looking statements provide Rimini Street’s expectations, plans or forecasts of future events and views as of the date of this communication. Rimini Street anticipates that subsequent events and developments will cause Rimini Street’s assessments to change. However, while Rimini Street may elect to update these forward-looking statements at some point in the future, Rimini Street specifically disclaims any obligation to do so, except as required by law. These forward-looking statements should not be relied upon as representing Rimini Street’s assessments as of any date subsequent to the date of this communication.
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