Vancouver-based Hootsuite announced today that it has added two key people to its roster. Sujeet Kini has been named as Hootsuite’s new CFO and Paul McFeeters has been added to its Board of Directors. The announcement comes a few weeks after the recent addition of Hootsuite’s new CMO, Penny Wilson.
Kini, as speculated earlier this month, will focus his attention on all of Hootsuite’s finance, facilities and legal departments, while Paul McFeeters, former CFO of Open Text, will give the company guidance and direction from the board.
Ryan Holmes, CEO of Hootsuite, stated, “2016 is shaping up to be another high growth year for us. We’re excited to welcome Sujeet to our leadership team and Paul to our Board of Directors. Their strong financial leadership is ideal for the next chapter in Hootsuite’s growth.”
“I’m looking forward to being part of an exciting journey and contributing to a success story. Hootsuite is a true visionary in social, and with more than 10 million users, and is well positioned for success,” said Sujeet Kini, Hootsuite’s newly appointed CFO.
Hootsuite has long been rumoured to go public. During a fireside chat at the recent CCVA annual conference in May, Holmes said: “I’ve talked about 18 to 24 months, but I’m very bullish given the success that Shopify has had, and maybe we will want to speed that up a little bit… I’m not in a rush to do it just because everybody else is doing it. I want to have an amazing business and do it for the right reasons, timing is everything and who knows where the market is going to be, but we are moving closer to that (IPO).”
Now used by over 11 million customers, Hootsuite has created the world’s most widely used social media management tool, including 744 of the Fortune 1000. Hootsuite is backed with over $249.9 million in funding by industry heavyweights that include OMERS Ventures, Fidelity Investments, Silicon Valley Bank, Insight Venture Partners, and Accel Partners.