DRESHER, PA — Ascensus has announced the appointment of Marc Mehlman as its new Chief Financial Officer.
Mehlman will step into his new role in early January 2024, succeeding Kate Brennan who has served as Interim CFO since the summer. The new CFO will directly report to Ascensus Chair and CEO David Musto and join the Ascensus Operating Committee executive leadership team.
“Marc’s skills and experiences position him well to excel as Ascensus’ CFO, and he will be an outstanding steward of our core values and culture,” said Musto. “His experience as a chief financial officer leading growth and business transformation is invaluable, including his success in general management roles where he oversaw a $1 billion multinational P&L. We are delighted to welcome his insights and judgment to our leadership table.”
Musto also extended his gratitude to outgoing Interim CFO, Kate Brennan. “I want to thank Kate Brennan for her strong, active, and effective leadership as interim CFO. We recognize how very fortunate we are to have such leadership strength in place.”
Upon accepting his new role, Mehlman expressed his excitement about joining the Ascensus team. “I’m delighted to join the Ascensus team, and see tremendous potential in the company’s ability to serve the millions of people saving for more secure financial futures. I look forward to partnering with the nearly 5,500 dedicated Ascensus associates to drive even greater growth, expansion, and client satisfaction.”
Ascensus provides technology and expertise in various fields, including qualified and nonqualified retirement plan solutions, third-party retirement plan administration, 529 education and ABLE savings program administration, insurance solutions, and fiduciary and total rewards services. This new appointment marks a significant step in the company’s commitment to enhancing its leadership team and continuing its mission to help millions plan for a better future.
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