Business operations software firm IFS has named Mark Moffat (pictured) as its new CEO, replacing Darren Roos who has been kicked upstairs as chair of the board. Both appointments are effective immediately.
Moffat, Roos and the IFS executive team are said to 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’s chief customer officer, previously held several senior positions at PwC before joining IFS.
Moffat 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.”
Roos replaces Jonas Persson as chair of the board, who is now leaving it. He has been chair since investment firm EQT acquired IFS as majority shareholder. Persson will continue to serve as a senior advisor to EQT, and is the chairperson at several other EQT-owned software businesses.
