Dealer.com Taps New CFO
BURLINGTON, Vt. — Dealer.com recently named a new chief financial officer. Bringing more than 20 years of senior management experience in finance and investment banking to the role is David Stetson.
Most recently, Stetson served as senior managing director and head of the investment banking department for Caris & Co., a San Diego-based investment bank focused on fast-growing public companies in the technology, health care, consumer and energy segments of the economy.
Prior to working at Caris, Stetson was CFO and senior strategic executive at Xpoint Technologies, a venture-backed provider of disaster recovery and security software. Stetson's accomplishments at Xpoint included helping the company manage an aggressive growth plan that saw the company's Rapid Restore software deployed to more than 30 million desktops, laptops and servers around the world.
Stetson's other professional stops included time as co-head of technology investment banking for Gerard Klauer Mattison, where he was responsible for all new business activities in the software and IT service segments and was an early advocate for Web-based software and digital services. Stetson also was head of equity capital markets for Lehman Brothers' Global Technology Group, where he managed more than $3 billion in equity and equity-linked offerings for emerging growth clients in North America, Taiwan, Europe and Israel.
"David has a solid understanding of our business and goals, along with the necessary financial expertise to manage the rapid growth that Dealer.com has experienced," noted Mark Bonfigli, Dealer.com president and chief executive officer.
"In addition, his reputation for integrity, energy and creativity indicate an ideal cultural fit with our company," Bonfigli added.
Stetson also shared his reaction to joining Dealer.com.
"I'm honored to take on the role of CFO and I'm excited about the opportunities ahead for Dealer.com," Stetson said.
"We have an incredible pipeline of products, strong financial and operational accountability, and we are well-positioned for continued growth," he concluded.