Insurance technology provider Zywave said Martin Simoncic is its new chief executive officer and Christian G. Kasper has joined as chief financial officer.
Simoncic most recently served as president of PROS Holdings, a software-as-a-service (SaaS) solutions company using artificial intelligence. Here he also held roles as chief customer officer and vice president of production management. Previously, Simoncic was vice president of customer success and professional services at Zywave competitor Vertafore.
Simoncic succeeds Jason Lui, who left in April and took the CEO role at London-based Wood Mackenzie, a provider of data and analytics for renewable energy industry.
Milwaukee-based Zywave said Kasper has been CFO for six companies, including three cloud-based software companies. He was most recently CFO of EnterpriseDB Corporation, a software platform for managing database analytical and AI workloads. Kasper replaces Paul Rybecky, who had been with Zywave since June 2022.
Zywave is owned by private equity firms Clearlake Capital Group and Aurora Capital Partners.
“We believe that Martin and Chris’ deep software industry and scale operating experience, combined with Clearlake’s O.P.S. operational improvement approach, will further support the company in executing our strategic plan and providing innovative software solutions to our customers,” said Prashant Mehrotra, partner and managing director, and Erik Hansen, vice president, at Clearlake.