Juvare appoints new CEO and CFO
July 18, 2023
Juvare today announced a dynamic shift in its executive leadership. Robert (Bob) Watson, the company’s president and chief executive officer (CEO) since 2018, has announced his retirement and transition to serve on Juvare’s Board of Directors. Rajib Roy, renowned for driving growth through a proven record of leadership in technology businesses, joins Juvare as its new CEO, effective today. Accompanying this transition is the appointment of seasoned finance leader Kent T. Kelley as Juvare’s new chief financial officer (CFO).
“I am confident that with Rajib’s forward-thinking approach to growth and Kent’s extensive financial and operational expertise, Juvare will continue to innovate and excel,” Watson said. “As we transition into this exciting new phase, I want to extend my profound gratitude to the entire Juvare team whose resilience and dedication have been pivotal during my tenure as CEO. The company remains primed to continue on its recent track record of excellent growth on both organic and inorganic metrics. I look forward to working with Rajib, Kent, and the team in my new role on the board.”
Roy brings an expansive background in leadership and a reputation for achieving ambitious goals to the role. He has over 30 years of international expertise in technology, data, and analytics and has led multiple high-growth software businesses globally through digital transformation. Roy has demonstrated a superior track record of successful platform delivery, integration, and product-led growth in a multitude of environments and end markets, including the U.S. federal government landscape. He will leverage this experience to meet the complex needs of Juvare’s customers and to drive continued growth.
“I am deeply honoured to take on the role of CEO at Juvare, where the mission to protect people, property, and public trust through effective emergency preparedness and critical incident management is more important than ever,” Roy said. “I look forward to working closely with our associates, clients, and partners to deliver innovative solutions in today’s complex environment. I am also excited to leverage Five Arrows’ distinctive capabilities in scaling leading vertical technology companies, both organically and inorganically, and extensive network of operators to help take the business to the next level of growth.”
Kelley will join Juvare as the new CFO, bringing a wealth of knowledge and experience from his previous roles. As CFO at PowerPlan, Unanet, and Acoustic, Kent demonstrated his financial acumen by driving successful financial strategies and showcased his ability to lead high-performing teams. His operational SaaS experience, seasoned financial leadership, and track record of success in M&A will be invaluable assets to Juvare as the company navigates its next growth phase. “I look forward to joining the Juvare team as the Chief Financial Officer,” Kelley said. “For years, I’ve watched and admired Juvare’s innovative approaches and remarkable legacy.”
“We are thrilled at Rajib and Kent’s appointments and believe the wealth of experience and dynamism they bring to their respective roles will result in a seamless transition between skilled professionals to lead our mission forward,” remarked Vivek Kumar and Ari Benacerraf, partners at Five Arrows. “Since our investment in 2020, Juvare has grown substantially under Bob’s leadership and is poised for substantial further growth as a highly differentiated leading provider of mission critical solutions in a large and growing market. We are more enthusiastic than ever about the future potential of the business.”
“We are indebted to Bob for his devotion to Juvare and leading role in entrenching the company’s position as the definitive market leader in the space. He significantly invested in innovative technologies which address the complex needs of our customers and ensure the future growth of the business, thereby setting the company on its current trajectory of expansion,” said George A. Riedel, non-executive chairman of the board. “Although he is retiring as CEO after a career spanning over four decades, we are grateful he will continue to share his wisdom and guidance as part of the board.”
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