Ansys announced that Jim Frankola accepted an appointment to the Ansys Board of Directors, effective March 12, 2021 – bringing with him more than 25 years of business transformation, corporate governance and financial experience.
Frankola is the chief financial officer (CFO) of Cloudera, an enterprise data cloud company. He previously served as CFO of Yodlee, Inc., a data aggregation and data analytics platform company, and CFO of Ariba, Inc., a software and information technology services company. In addition to his CFO roles, Frankola has held various senior positions in financial and business management at global industry-leading companies including IBM and Avery Dennison Corporation, and served on the board of ActivIDentity Corporation, a credentials management and authentication company.
Frankola’s expertise has helped businesses innovate to accelerate growth. Under his leadership, Cloudera and Ariba transitioned into software-as-a-service business models, re-platforming core technology and innovating go-to-market strategies, resulting in double-digit improvements in operating margins and organic growth.
“We are proud to welcome Jim to the Ansys board,” said Ronald W. Hovsepian, Ansys chairman of the board. “He has a decades-long track record of solving difficult business challenges as well as driving data-driven growth and business transformation. His proven ability to incorporate governance and financial know-how into strategic decision-making makes him an ideal addition to the Board’s Audit Committee.”
“Jim is an accomplished leader with an exceptional background in business strategy, development and cloud-based transformation,” said Ajei Gopal, president and CEO of Ansys. “His skillset and experience will help to lay the groundwork for Ansys to meet our aggressive growth targets.”