The Board of Directors (Board) of Invafresh is pleased to announce the appointment of Mr. Tim Spencer as the organization’s next President and Chief Executive Officer. With a remarkable track record in strategy, organizational design, and operations, Tim assumed leadership of the company effective August 2020.
A dynamic and customer-centric executive, Tim brings a wealth of knowledge built on more than 25 years of global experience in leading enterprise software organizations. Prior to joining Invafresh, Tim spent the last 22 years at Sigma Systems (Sigma), a private equity-backed global provider of enterprise software solutions that he co-founded. Initially serving as Sigma’s Chief Technology Officer (CTO) for 8 years (1996-2004), Tim held the role of Chief Executive Officer for 16 years (2004-2020) focused on growing Sigma’s footprint from a start-up to one of the leading telecommunications software companies in the world with more than 80 customers leading a team of over 600 professionals. Sigma served telecom, media, and high-tech companies in over 40 countries until its sale to Australian based Hansen Technologies in 2019.
Speaking on behalf of the Board, Chairman Mr. James Hoch said, “The fresh food retail marketplace both in-store and e-commerce is growing rapidly, and Invafresh is at the center of it. Given Invafresh’s industry-leading position, best in class software solutions and strong customer advocacy, Tim’s depth of experience will immediately benefit Invafresh and our customers, by furthering our efforts in innovation, delivery excellence, and corporate growth. Tim is absolutely the right leader for Invafresh. His tremendous reputation, coupled with his extensive experience across global and large enterprise customers will help Invafresh continue to innovate in this market segment.”
I am honored and excited to become President and CEO of this innovative company, and to join this team of talented and passionate employees dedicated to serving the fresh food retail marketplace,” said Tim. “I believe Invafresh’s business model is well-positioned to capitalize on the significant opportunities for growth in the food retail market, and I look forward to working with the leadership team to draw upon our collective experiences to deliver our growth plans.”
In the coming months, Tim will be making a concerted effort to visit and connect with Invafresh customers and partners across the globe.
About Tailwind Capital:
Tailwind Capital is a middle-market private equity firm focused on growth-oriented investments in targeted sectors within healthcare, technology, and business services and industrial services. Tailwind partners with experienced management teams and entrepreneurs to transform businesses through organic growth initiatives, acquisitions, and operational and strategic investments. Since its inception, Tailwind has managed $3.7 billion of committed equity capital and has invested in 43 portfolio companies and over 120 add-on acquisitions. www.tailwindcapital.com