IFS, the global cloud enterprise software company, today announces that Mark Moffat has been promoted to Chief Executive Officer (CEO).
Moffat takes over from Darren Roos who has been appointed as the company’s Chair of the Board. Both appointments are effective immediately. Moffat, who was previously IFS Chief Customer Officer, held several senior positions at PwC before joining IFS.
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Commenting on his appointment, Mark Moffat, CEO of IFS, said: “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.”
Darren Roos, Chair of the Board at IFS, commented: “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."
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 79% of total revenue now recurring (up from 36% when he joined).
About the Author
Alexis Gajewski
Senior Content Strategist
Alexis Gajewski has over 15 years of experience in the maintenance, reliability, operations, and manufacturing space. She joined Plant Services in 2008 and works to bring readers the news, insight, and information they need to make the right decisions for their plants. Alexis also authors “The Lighter Side of Manufacturing,” a blog that highlights the fun and innovative advances in the industrial sector.