OnBoard Welcomes Marc Huffman as New CEO

Indianapolis-based board management software firm OnBoard has livened things up by appointing Marc Huffman as its new CEO. The company’s founding CEO, Paroon Chadha, will step aside, but don’t worry, he’s not going anywhere. Let’s take a dive into what this change means for the firm and what both veterans have to say.

A New Chapter for OnBoard

Last week, Huffman, 54, took the helm at OnBoard, which helps boards of directors handle their business like it’s the 21st century. We’re talking creating agendas, storing digital docs, online voting—you name it. This ain’t your granddaddy’s boardroom.

Paroon Chadha’s Journey

Paroon Chadha, who co-founded the company way back in 2003, decided it was time for a new leader. At 49, he feels it’s time for a fresh change. He said, “I’ve run this race a long time, longer than most.” Chadha’s still sticking around to keep an eye on things as the board chair and strategic adviser. After all, it’s hard to step back completely from your baby.

Who is Marc Huffman?

Now, about Huffman. He’s rocked the software world for over 25 years. Previously, he was the big cheese at BlackLine Inc. in sunny Los Angeles. BlackLine’s no joke; they employ about 1,750 folks and pulled in a cool $52.8 million in profit last year on $590 million in revenue. Before that, Huffman was in charge of global sales at Oracle NetSuite over in Austin, Texas. So, we’re talking big league experience here.

The OnBoard Family

OnBoard is part of the Passageways Inc. family, headquartered right in Indianapolis with over 250 employees, mostly from the Indianapolis and Lafayette areas. They also have remote workers around the globe—from Toronto to Sydney. So, it’s not just a hometown hero.

Financial Backing and Vision

In 2021, OnBoard secured a whopping $100 million growth investment from JMI Equity. This kind of cash infusion means one thing—expansion. Huffman summed it up succinctly, “My mind is on maximizing our opportunity.” And with that kind of cheddar, the opportunities seem endless.

Clientele and Potential

OnBoard already boasts a diverse clientele covering over 6,000 boards worldwide in sectors like financial services, healthcare, higher ed, and not-for-profits. But Huffman sees even more room to grow. “In financial services, not-for-profits, health care—globally, there are hundreds of thousands of organizations with independence and boards,” he gushed. Simply put, the potential is massive.

Wrap-Up

So, there you have it. OnBoard’s changing gears but staying on track with Marc Huffman at the wheel. Paroon Chadha may have handed over the keys, but you can bet he’s still riding shotgun. With a seasoned veteran taking over and a fresh $100 million to play with, the future looks pretty bright for OnBoard.

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