Moffat promoted at IFS

Mark Moffat. (Photo courtesy of IFS)

Mark Moffat has been promoted to CEO at global cloud enterprise software company IFS. He takes over from Darren Roos, who has been appointed to chair the company’s Board of Directors.

The company says the transition provides great continuity for the business by building on the successful strategy that has seen IFS transform into a leading vendor for asset and service management software. Moffat, Roos and the IFS executive team have been working on the transition over the past six months as part of the board’s succession planning process.

Moffat, who was previously IFS chief customer officer, is a well-known and respected technology leader, having held several senior positions at PwC before joining IFS.

“It is a great honour for me to lead IFS as we embark on this next chapter of growth. The business has immensely strong foundations to build upon and we have been putting all the right ingredients in place to continue to deliver on our strategy: a differentiated proposition, a hugely advanced and capable AI-based product, an engaged customer base, a motivated partner ecosystem, and of course our talented employee base,” said Moffat. “I want to recognize and thank Darren for the impact he has had as my predecessor. I look forward to working with him in his new capacity as IFS chair of the board.”

Under Roos’ tenure as CEO, IFS has more than tripled its overall revenues and transformed into a true cloud business, from both a product and revenue perspective, with applications that help manage assets, people, and customers.

“I am thrilled to appoint Mark as my successor. He has a proven track record, brings a strong network, and is a great leader that people want to follow,” stated Roos. “There is so much opportunity in the market and, together with the board, I will work with Mark and his team to ensure we effectively capture it.”

www.ifs.com