Nexant Names Jonathan Foster as New CFO
SAN FRANCISCO -- February 18, 2014
Nexant, the global energy software and services company, announced today that
Jonathan Foster has joined the company as chief financial officer. Reporting
to Nexant CEO Basem Sarandah, Foster will direct finance and accounting
operations, manage corporate services, and lead financing and investment
initiatives to support Nexant’s strategic growth plans, overseeing both
investment and capital raising activities as well as mergers and acquisitions.
Foster brings over 20 years of professional finance, financial strategy, and
legal expertise to Nexant. Previously, Foster served as CFO of LS9, Inc., an
advanced biofuels/biotechnology development firm recently acquired by
Renewable Energy Group. Prior to LS9, he served as CFO and Executive VP of
Corporate Development at Atempo, Inc., an enterprise backup and archiving
software developer (acquired by ASG Software Solutions). His previous
positions include CFO, Keymage, Inc.; Senior VP, Corporate Development and
General Counsel at 8x8, Inc.; and Deputy Director for Management and General
Counsel for the White House Office of Science and Technology Policy.
“We are very pleased to have Jon join us at this stage of our development,”
said Sarandah. “His strong background in energy and software technology
finance, operations, and strategy—coupled with his extensive transactional and
legal expertise will be of enormous value to Nexant as we move to take
advantage of significant market opportunities.”
“I look forward to working with the Nexant team to achieve even stronger
business results and continued profitable growth,” said Foster. “I am
impressed with Nexant’s sustainable energy focus, its people, and look forward
to supporting its plans to grow its portfolio of smart grid and energy
efficiency software and service offerings.”
Foster is a member of the Board of Directors of the California Clean Energy
Fund, an innovative private non-profit spurring investment in startup clean
energy companies. He also serves as vice-chair of the utilities commission in
Palo Alto, California and is a member of the national advisory council for
Environmental Entrepreneurs (E2), a national organization of business leaders
promoting sound energy and environmental policies. Foster holds a J.D. from
Harvard Law School and a B.S. in mechanical engineering from Yale University.
Nexant is a global energy industry leader, offering a comprehensive suite of
industry software solutions and advisory services designed to transform
utility business processes, support implementation of smart grid and demand
side initiatives, and provide energy industry and technology insights. Over
the last decade, it has developed and commercialized technology solutions and
offerings including Nexant iEnergy®, Nexant Grid360™, Nexant iHedge®, Nexant
RevenueManager®, and NexantThinking^TM that enable utilities, power producers,
and energy resource companies to improve operational and financial efficiency,
reduce risk, and enhance customer engagement across the energy value chain.
Nexant is headquartered in San Francisco, California and operates from 32
corporate, representative, and project offices located throughout the United
States, Europe, the Middle East, Africa, and Asia. Media contact: Bob Burdett,
+1 415 369 1114.
Bob Burdett, +1 415-369-1114
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