Verity promotes Steven R. Springsteel from CFO to president
Verity Inc., provider of enterprise search software, has promoted chief financial officer Steven R. Springsteel to president. He will continue to report to Anthony J. Bettencourt, Verity`s CEO, who has relinquished the title of president.
Springsteel, who had been senior vice president of finance and administration, will continue to serve as CFO and be responsible for all administrative, financial and legal functions. In addition, the company`s development and marketing operations will now report to him. Verity`s sales, professional services and corporate development organizations will report to Bettencourt.
“Under this new executive arrangement, Bettencourt will increase his focus on top line revenue growth while defining and directing the strategy for the company,” Verity’s announcement of the promotion said.
Springsteel joined Verity January 2003 as head of finance and administration and CFO. Before joining the company he was COO and CFO of Sagent Technology, an enterprise business intelligence software company sold to Group1. Before Sagent, Springsteel was COO and CFO of NOCpulse, an IT service level monitoring company acquired by Red Hat. He also has served as executive vice president and CFO of Chordiant Software, a customer relationship management software company of which he is a member of the board of directors.
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