Former CDK Global CFO brings decades of financial experience to OneSpan Board
OneSpan™ Inc. (NASDAQ: OSPN), the global leader in securing remote banking transactions, today announced its Board of Directors has appointed Alfred “Al” Nietzel as a new independent director, effective November 11, 2020. Mr. Nietzel has also been named as a member of the Company’s Audit and Finance & Strategy Committees.
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Mr. Nietzel is a former public company chief financial officer with extensive domestic and international financial experience in multiple industries, including in the software and SaaS sectors. Mr. Nietzel led the financial execution of the $2B+ spinoff of ADP’s Dealer Services unit to create CDK Global, Inc., a leading provider of software and information technology solutions for the automotive retail industry, as a stand-alone public company, and served as its CFO until his retirement in 2017.
OneSpan’s Board has been active in Board refreshment in recent years. Mr. Nietzel joins four other new independent directors who have been added to the Board since June 2019 and have deep skills and experience in the areas of SaaS software, recurring revenue business models, capital allocation, innovation, product management, financial services, and mergers and acquisitions.
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“OneSpan’s Board of Directors has further strengthened its financial and accounting acumen with the addition of Mr. Nietzel. This and other recent additions demonstrate the Board’s commitment to proactive Board refreshment, planning for future retirements and furthering the Company’s strategic objectives,” said OneSpan Board Chair, John N. Fox, Jr.
“The accelerating transition of consumers to digital channels will drive strong long-term demand for the solutions OneSpan is providing. The Company is well positioned for future growth based on its decades-long relationships with most of the world’s leading financial institutions in addition to large customers in government and healthcare,” stated Al Nietzel. “I am excited to join the Board and bring my financial experience and success in leading transformation for software and technology providers to the Company.”
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