Avetta names new CEO to lead supply chain risk firm

Arshad Matin (Avetta photo)

Avetta has named a new CEO as the supply chain risk management firm continues to evolve after its acquisition of Browz this year.

The Utah-based provider named Arshad Matin as president and chief executive officer, effective immediately, according to a press release issued Monday. Matin replaces John Herr, who is stepping down and will be an adviser to the board to ensure a smooth transition, the company said.

Avetta connects organizations across several industries, including oil/gas, telecom, construction materials, facilities management, with qualified and vetted suppliers, contractors and vendors. The company brings access and visibility to its clients’ supply chain risk management process through its technology, coupled with its experts' insights. Avetta tries to mitigate a wide range of potential risks through trusted contractor prequalification, safety training and monitoring, regulatory compliance, insurance/financial stability and other areas of risk.

Mr. Matin, 55, has said in the press release that he is “excited to join Avetta and partner with its talented team.”

“Avetta has clear competitive advantages on which to build in a highly attractive and growing industry,” said Matin, who has led high-tech and software firms for the last 25 years. Most recently, he was the president, CEO and board member of Paradigm Ltd., a developer of software solutions to the global oil and gas industry.

In February, Avetta acquired Browz, realigning the supply chain risk management market. (See Spend Matters analysts’ review of Avetta and the deal here.)

Herr had continued in his CEO role after the merger.

“It’s been a privilege to lead Avetta from its founder-owned phase through the substantial growth we have achieved over the past five years,” Herr said in the press release. “I am proud of our accomplishments and the company is in excellent shape to continue to grow and serve our customers and suppliers around the world.”

Christopher J. Hooper, the lead director of Avetta’s board, welcomed Matin and looked to the future.

“We believe Arshad’s extensive experience scaling software businesses will be invaluable as the company executes the next phase of its growth strategy,” Hooper said in the release.

And in other Avetta news, the provider will join our sister site, MetalMiner, in a webinar Thursday at 11 a.m. Central. The topic is “The War for Contractor Talent: How Manufacturers Can Find the Workers They Need (and Fast).” Sign up here.

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