Experienced Financial Executive Hired to Help Drive Company’s Financial Performance, Strategy and Growth
Monotype Imaging Holdings Inc. (Nasdaq: TYPE), a leading provider of typefaces, technology and expertise for creative applications and consumer devices, today announced it has hired Joseph Hill as the company’s new chief financial officer (CFO) and executive vice president. In this role, Hill will serve as a key business partner to the executive team and be tasked with helping to drive continued improvement to Monotype’s financial performance, strategy, operations, and EBITDA growth. He will work closely with the executive team to contribute to the evolution and execution of the company’s strategic and operational business plans. Hill succeeds Scott Landers, who will remain as Monotype’s Chief Operating Officer (COO) and is expected to be appointed CEO on January 1, 2016, when current CEO Doug Shaw retires. Shaw is expected to remain a member of the board of directors at least until the end of his term in 2017, and to work for Monotype in a part-time advisory role from the date of his retirement until March 31, 2016. Hill will report to Landers, effective today.
Hill has an extensive background working as an executive at publicly traded companies, most recently at Metabolix, Inc., (Nasdaq:MBLX) where he had worked since 2008 as senior vice president, CFO and treasurer. In his time at Metabolix, he helped transition the company to full-scale commercial operations; ran multiple rounds of follow-on equity offerings; and managed financial and strategic communications to the company’s management team, board of directors and investment community. Prior, he served as senior vice president and CFO of AMICAS and more than tripled the company’s revenue. Hill has also served as CFO at Dirig Software, Maconomy Corporation, Datamedic Corporation and Marcam Corporation.
“Monotype is entering a transformative phase of growth and I’m excited to join the company at such a pivotal point in its history,” said Joe Hill. “I look forward to working closely with the executive team, investors and shareholders to build upon Monotype’s strong financial foundation to create an operational and execution plan that continues to drive shareholder value through profitable growth and a well-organized financial strategy.”
Hill brings an extensive background of implementing strong operational and financial processes for business analysis. He will be responsible for directing external SEC and internal reporting, financial planning and analysis, and establishing and reporting key performance metrics to assist in the ongoing management of operations. He will also be responsible for the financial modeling of prospective and new business initiatives for Monotype.
“For the past 25 years, Joe has been an integral part of many teams that have successfully grown the revenue of innovative businesses and scaled business operations to take advantage of new market opportunities,” said Scott Landers, COO at Monotype. “Given these results and his deep experience as both a CFO and valued advisor to key stakeholders like investors and shareholders, we’re confident he will be a great fit at Monotype and play an important role in driving our long term growth strategy.”
