The IFS Group, IGT1, has shuffled its finance leadership. Constance Minc is to become the CFO of the holding company of IFS and Workwave. In her place, IFS has appointed Matthias Heiden as its new Chief Finance Officer. He joins a company that has enjoyed 5 years of double-digit growth. He will take on the role from April 1st 2023.
Who is Matthias Heiden?
Heiden joins from consultancy firm Software AG where he held the position of Chief Financial Officer and executive officer for two and a half years. His depth of experience at the global consulting firm is a measure of the IFS success it has had recently. At Software AG, he helped shift to a subscription-based business model. Before Software AG, he was CFO of SAF Holland Group and had nine years in various financial leadership positions at SAP in several countries.
IFS Chief Executive Officer Darren Roos commented: “Over the last five years, IFS has experienced phenomenal growth and as we continue our trajectory, I am pleased to welcome Matthias to the organization as Chief Financial Officer.”
“Matthias’ proven track record in the technology space will provide the financial leadership that will help us accelerate towards our goals. Matthias will report to me from his base in Germany and I look forward to him playing an integral role in shaping our investments and business strategies.”
Heiden was awarded a PhD from the Universität des Saarlandes following a career at Deutsche Bank. Heiden said, “I am excited to have joined IFS, especially at such an important time of growth.
“As Constance and I work together over the next few weeks, I look forward to getting to know IFS’s business better and I am committed to continue building on the outstanding foundation that has been established. I am confident that my experience and leadership will help elevate further the financial team’s contribution to IFS.”
Constance Minc remains close to IFS
That Minc is not leaving the group is also beneficial. It delivers a continuity that other firms often lack in CFO transitions. Roos concluded, “In her new executive role at the IGT Group level, Constance will lead financial strategies across both IFS and WorkWave with the goal to protect and optimize shareholder interests.”
Enterprise Times: What does this mean
A great hire by IFS of someone who understands the industry from his time at SAP and after. That IFS has attracted him from the global giant Software AG indicates the potential within the organisation’s success to date. Roos has ambitions for further growth. Is Heiden the CFO that will lead them through an IPO?