ICG Commerce, the procurement outsourcing specialist, has appointed Joseph Waterman as chief financial officer (CFO). Waterman assumes responsibility for the company’s finance strategy and operations and reports directly to chief executive officer (CEO) Carl Guarino.
For the five-year period prior to joining ICG Commerce, Waterman worked for two venture backed entities. Most recently, he was CFO of RecoverCare, a distributor of health care solutions. Prior to that, Waterman was the CFO of Gestalt, a defence consulting firm. During his three-year tenure, the company’s revenue grew three-fold.
For the 13 years prior to Gestalt, he worked for Sanchez Computer Associates, a global software company where he served initially as CFO and then as president and chief operating officer (COO). During his career with Sanchez, he led a successful initial public offering (IPO) prior to the later sale to Fidelity National Financial.
Waterman has held positions on several for-profit and not-for-profit boards over the years. Currently he is on the board of Please Touch Museum in Philadelphia, one of the premier children’s museums in the world. He is a certified public accountant (CPA) and graduated magna cum laude from St Francis University with a BSc in Business Administration.
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