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RMS appoints Karen White as CEO
NEWARK, Calif., March 1, 2018 /PRNewswire/ -- RMS, the world's leading catastrophe risk modelling and analytics company, today announces the appointment of Karen White as its new Chief Executive Officer, replacing current CEO and co-founder Hemant Shah.
Karen White is an accomplished and highly capable leader in the technology industry, having served for more than 25 years as an executive and investor. White has significant experience bringing technology, innovation, data and operations together to build and scale businesses.
White started her career in Silicon Valley in 1993 as a senior executive at Oracle reporting to CEO Larry Ellison. Among other roles, she led worldwide marketing and business development. During her seven years at Oracle, the company's revenue grew to $10 billion, profits increased nearly 65x, and the market valuation grew to more than $150 billion. Most recently, White held senior executive positions at SolarWinds, Syncplicity and Addepar. Her leadership resulted in successful outcomes across all three companies—SolarWinds held its IPO in May 2009 at a valuation of nearly $1 billion, Syncplicity was successfully acquired by EMC in 2012, and as President and COO of Addepar, White significantly scaled the customer and partner base for the company's investment management platform, which now supports $800 billion in total assets and serves some of the world's most important global financial services firms.
Paul Zwillenberg, CEO of RMS parent company DMGT, said: "This is the perfect time to appoint Karen White, a highly-respected and seasoned Silicon Valley executive, as the Chief Executive Officer of RMS. As digitization transforms the market for risk analysis, prediction and management, RMS is uniquely positioned to advance its leadership in the space and enter new markets. Karen has a proven track record of adapting companies to market changes to drive growth and operational effectiveness at scale.
"I would also like to thank Hemant Shah, a pioneer in the industry, for his vision and dedication, growing RMS into a global leader since co-founding the company nearly 30 years ago."
RMS was co-founded as a spin out from an academic project at Stanford University. The company has grown to become the world's leading catastrophe risk modelling and analytics business, with revenues of more than $300m.
Karen White said: "The market for risk analysis, prediction and management is evolving and dynamic. This is an exciting and important time for RMS. Recent catastrophes have shown that RMS solutions are more important than ever. We have the deepest bench of top talent in the industry, and a breadth of products, innovations and customer relationships that is unmatched. I'm thrilled to be joining this world-class team as we continue to innovate, grow and help lead the next wave of transformation."
RMS solutions help insurers, financial markets, corporations, and public agencies evaluate and manage catastrophe risks throughout the world. We lead an industry that we helped to pioneer—catastrophe risk modeling—and are delivering models, data, and risk management solutions on the RMS(one)® platform to transform the world's understanding and quantification of risk through open, real-time exposure and risk management.
More than 400 insurers, reinsurers, trading companies, and other financial institutions trust RMS solutions to better understand and manage the risks of natural and human-made catastrophes, including hurricanes, earthquakes, floods, terrorism, and pandemics.
DMGT manages a diverse, multinational portfolio of companies, with total revenues of around £1.5 bn, that provide businesses and consumers with compelling information, analysis, insight, events, news and entertainment. DMGT is also a founding investor and the largest shareholder of Euromoney Institutional Investor PLC and ZPG Plc.
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