Clutch Adds New CFO as Client Portfolio Doubles in Less Than Two Years
November 17 2015 - 9:00AM
Business Wire
Clutch names Mark S. Pollock CFO to help shape
its financial future and manage its rapid growth
How does a business know when to hire a CFO? When you’ve doubled
your client base in less than two years, it’s time. That’s why
Clutch, a pioneering consumer management solutions provider,
recently brought on Mark S. Pollock as the company’s Chief
Financial Officer.
Pollock, who brings more than 30 years of financial leadership
experience, is particularly skilled in fiscal management of rapid
growth organizations like Clutch. The company, whose solution uses
transactional and behavioral data to give retailers insight on
customers, has added 56 enterprise clients in two years and has
increased its revenue by a 260 percent compound annual growth rate
since its 2012 inception. Clutch’s growth warranted the expertise
of a CFO like Pollock.
“Adding a CFO allows us to serve more clients and tackle their
biggest challenges,” explained Ned Moore, Co-Founder and CEO of
Clutch. “Given our growth trajectory, Clutch needs an executive
with Mark’s expertise to define our financial future. He can
navigate the financial complexities of added contracts and cash
management, while implementing management initiatives that will
help us as we grow.”
Prior to joining Clutch, Pollock spent three years with MNG
Direct, a data-driven marketing company focused on the
pharmaceutical industry. Following the sale of MNG Direct, moving
to Clutch was a natural transition for Pollock, whose specific
expertise centers on organizational operations, risk management,
strategic planning, merger and acquisition, and capital raising. He
has worked for an array of start-up, growth, and turnaround
companies like Portico – which was acquired by McKesson – Avanceon,
and Vertical Alliance. His experience with such diverse companies
and industries make him a valuable addition to Clutch, whose
clients also participate in a variety of markets.
“Clutch is transforming how leading brands are identifying,
understanding, and motivating their customers,” said Pollock. “I
aim to turn that focus inward as well and establish a strong
financial infrastructure from which our business can continue to
grow.”
Pollock is an alumnus of Temple University and Drexel
University, from which he earned a Bachelor of Science in
Accounting and a MBA in Finance, respectively.
About Clutch
Clutch’s advanced Consumer Management platform delivers customer
intelligence and personalized engagements empowering
consumer-focused brands to identify, understand and motivate their
Most Valuable Customers (MVCs). Its advanced marketing platform
integrates customer data across point-of-sale, ecommerce, mobile
and social channels delivering personalized experiences,
intelligent engagements and loyal customers. Headquartered outside
of Philadelphia, Clutch’s solutions impact over 55 million
consumers of over 750 brands. Clutch is a proud partner of
Safeguard Scientifics (NYSE:SFE) and Ben Franklin Technology
Partners. For more information visit clutch.com, follow Clutch
Holdings on LinkedIn or @ClutchSuccess on Twitter.
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Media Contact for
ClutchGregory FCA for ClutchMatt McLoughlin,
610-228-2123matt@gregoryfca.com
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