RMS, the Newark, Calif.-based catastrophe risk modeling and analytics company, announced the appointment of Karen White as its new chief executive officer, replacing current CEO and co-founder Hemant Shah.
With more than 25 years experience as an executive and investor in the technology industry, White has significant experience bringing technology, innovation, data and operations together to build and scale businesses.
White started her career in Silicon Valley in 1993 as a senior executive at Oracle reporting to CEO Larry Ellison. Among other roles, she led worldwide marketing and business development. During her seven years at Oracle, the company’s revenue grew to $10 billion, profits increased nearly 65 times, and the market valuation grew to more than $150 billion.
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Most recently, White held senior executive positions at SolarWinds, Syncplicity and Addepar. Her leadership of these companies resulted in successful outcomes: SolarWinds held an IPO in May 2009 at a valuation of nearly $1 billion, Syncplicity was successfully acquired by EMC in 2012, and as president and chief operating officer of Addepar, White significantly scaled the customer and partner base for the company’s investment management platform, which now supports $800 billion in total assets and serves some of the world’s most important global financial services firms, said RMS in a statement.
“This is the perfect time to appoint Karen White, a highly-respected and seasoned Silicon Valley executive, as the chief executive officer of RMS,” said Paul Zwillenberg, CEO of RMS parent company DMGT. “As digitization transforms the market for risk analysis, prediction and management, RMS is uniquely positioned to advance its leadership in the space and enter new markets.”
Zwillenberg thanked Hemant Shah, whom he described as “a pioneer in the industry, for his vision and dedication, growing RMS into a global leader since co-founding the company nearly 30 years ago.”
RMS was co-founded as a spin out from an academic project at Stanford University. The company has grown to become one of the world’s leading catastrophe risk modeling and analytics business, with revenues of more than $300m.