Kneat Announces Upcoming Change to its Senior Leadership
Kneat (OTCQC: KSIOF), a leader in digitizing and automating validation and quality processes, has announced a significant leadership transition. CFO Hugh Kavanagh will retire from the company, with his final day set for August 8th, 2025.
The company has appointed Dave O'Reilly as the new CFO, effective July 7th, 2025. O'Reilly brings substantial experience from his previous role as CFO at Ekco, where he helped scale the company to $200 million in annual revenue. His background includes serving as international controller for a $4 billion-SaaS business, Consensus Cloud Solutions/Ziff Davis Inc.
To ensure continuity, Kavanagh and O'Reilly will work together for a one-month transition period. CEO Eddie Ryan expressed confidence in O'Reilly's ability to contribute to Kneat's continued scaling efforts in the Life Sciences sector.
Kneat (OTCQC: KSIOF), leader nella digitalizzazione e automazione dei processi di validazione e qualità, ha annunciato un importante cambio ai vertici aziendali. Il CFO Hugh Kavanagh andrà in pensione, con l'ultimo giorno di lavoro previsto per l'8 agosto 2025.
L'azienda ha nominato Dave O'Reilly nuovo CFO, a partire dal 7 luglio 2025. O'Reilly porta con sé una solida esperienza dal suo precedente ruolo di CFO presso Ekco, dove ha contribuito a far crescere l'azienda fino a raggiungere 200 milioni di dollari di fatturato annuo. Il suo background include anche il ruolo di controller internazionale per una azienda SaaS da 4 miliardi di dollari, Consensus Cloud Solutions/Ziff Davis Inc.
Per garantire una transizione fluida, Kavanagh e O'Reilly collaboreranno per un periodo di un mese. Il CEO Eddie Ryan ha espresso fiducia nelle capacità di O'Reilly di supportare la crescita continua di Kneat nel settore delle Scienze della Vita.
Kneat (OTCQC: KSIOF), líder en la digitalización y automatización de procesos de validación y calidad, ha anunciado una importante transición en su liderazgo. El CFO Hugh Kavanagh se retirará de la empresa, con su último día programado para el 8 de agosto de 2025.
La compañía ha designado a Dave O'Reilly como nuevo CFO, efectivo a partir del 7 de julio de 2025. O'Reilly aporta una amplia experiencia de su anterior puesto como CFO en Ekco, donde ayudó a escalar la empresa hasta alcanzar 200 millones de dólares en ingresos anuales. Su trayectoria incluye haber sido controlador internacional para una empresa SaaS de 4 mil millones de dólares, Consensus Cloud Solutions/Ziff Davis Inc.
Para asegurar continuidad, Kavanagh y O'Reilly trabajarán juntos durante un período de transición de un mes. El CEO Eddie Ryan expresó confianza en la capacidad de O'Reilly para contribuir al continuo crecimiento de Kneat en el sector de Ciencias de la Vida.
Kneat (OTCQC: KSIOF)는 검증 및 품질 프로세스의 디지털화와 자동화 분야의 선두주자로서 중요한 리더십 변화를 발표했습니다. CFO 휴 카바나(Hugh Kavanagh)가 2025년 8월 8일부로 퇴임할 예정입니다.
회사는 2025년 7월 7일부로 데이브 오라일리(Dave O'Reilly)를 신임 CFO로 임명했습니다. 오라일리는 이전에 Ekco에서 CFO로 근무하며 연간 매출 2억 달러 규모로 회사를 성장시킨 풍부한 경험을 가지고 있습니다. 또한 그는 40억 달러 규모의 SaaS 사업인 Consensus Cloud Solutions/Ziff Davis Inc.에서 국제 회계 담당자로 근무한 경력이 있습니다.
원활한 인수인계를 위해 카바나와 오라일리는 한 달간 협력할 예정입니다. CEO 에디 라이언(Eddie Ryan)은 오라일리가 생명과학 분야에서 Kneat의 지속적인 성장에 기여할 것이라 확신한다고 밝혔습니다.
Kneat (OTCQC : KSIOF), leader dans la numérisation et l'automatisation des processus de validation et de qualité, a annoncé une transition importante au sein de sa direction. Le CFO Hugh Kavanagh prendra sa retraite, son dernier jour étant fixé au 8 août 2025.
L'entreprise a nommé Dave O'Reilly nouveau CFO, à compter du 7 juillet 2025. O'Reilly apporte une solide expérience acquise lors de son précédent poste de CFO chez Ekco, où il a contribué à faire passer l'entreprise à un chiffre d'affaires annuel de 200 millions de dollars. Il a également occupé le poste de contrôleur international pour une entreprise SaaS de 4 milliards de dollars, Consensus Cloud Solutions/Ziff Davis Inc.
Pour assurer une continuité, Kavanagh et O'Reilly travailleront ensemble pendant une période de transition d'un mois. Le CEO Eddie Ryan a exprimé sa confiance dans la capacité d'O'Reilly à soutenir la croissance continue de Kneat dans le secteur des sciences de la vie.
Kneat (OTCQC: KSIOF), ein führendes Unternehmen in der Digitalisierung und Automatisierung von Validierungs- und Qualitätsprozessen, hat einen bedeutenden Führungswechsel bekannt gegeben. CFO Hugh Kavanagh wird das Unternehmen verlassen, sein letzter Arbeitstag ist der 8. August 2025.
Das Unternehmen hat Dave O'Reilly als neuen CFO berufen, wirksam ab dem 7. Juli 2025. O'Reilly bringt umfangreiche Erfahrung aus seiner vorherigen Position als CFO bei Ekco mit, wo er half, das Unternehmen auf 200 Millionen US-Dollar Jahresumsatz zu skalieren. Sein Hintergrund umfasst außerdem die Tätigkeit als internationaler Controller für ein 4-Milliarden-Dollar-SaaS-Unternehmen, Consensus Cloud Solutions/Ziff Davis Inc.
Um Kontinuität zu gewährleisten, werden Kavanagh und O'Reilly einen einmonatigen Übergangszeitraum zusammenarbeiten. CEO Eddie Ryan zeigte sich zuversichtlich, dass O'Reilly maßgeblich zur weiteren Skalierung von Kneat im Life-Sciences-Bereich beitragen wird.
- Incoming CFO Dave O'Reilly brings proven track record of scaling SaaS businesses to $200M revenue
- Structured one-month transition period planned between outgoing and incoming CFO
- New CFO brings relevant experience from $4B SaaS business management
- Loss of experienced CFO Hugh Kavanagh who contributed significantly to company's growth
LIMERICK, Ireland, June 30, 2025 (GLOBE NEWSWIRE) -- kneat.com, inc. (TSX: KSI) (OTCQC: KSIOF), a leader in digitizing and automating validation and quality processes, announces a change to its senior leadership team.
Hugh Kavanagh, our CFO, is retiring from Kneat to spend more time pursuing other interests. We wish him the very best for the future. During his time at Kneat, Hugh contributed significantly to our success, helping the Company to grow to its current level and building a strong finance team. We have very much enjoyed working with Hugh and will miss his valuable contributions, his friendship and ongoing financial guidance at all levels within the Company.
Dave O’Reilly will join the Kneat team as our new CFO on July 7th. Most recently, Dave served as CFO at Ekco for seven years. During his time there he helped scale this fast-growing cloud business from a start up to
Dave will partner with Hugh for a period of one month - to ensure a smooth transition, and Hugh’s final day with the company will be Friday, August 8th.
“I’d like to thank Hugh and our finance team for their continued dedication to Kneat and trust in their combined leadership to ensure a smooth transition in the coming months,” said Eddie Ryan, Kneat CEO. “I look forward to working with Dave, I’m confident he will have a considerable impact, as we continue to scale the value we deliver for Life Sciences.”
About Kneat
Kneat Solutions provides leading companies in highly regulated industries with unparalleled efficiency in validation and compliance through its digital validation platform Kneat Gx. As an industry leader in customer satisfaction, Kneat boasts an excellent record for implementation, powered by our user-friendly design, expert support, and on-demand training academy. Kneat Gx is an industry-leading digital validation platform that enables highly regulated companies to manage any validation discipline from end-to-end. Kneat Gx is fully ISO 9001 and ISO 27001 certified, fully validated, and 21 CFR Part 11/Annex 11 compliant. Multiple independent customer studies show up to
Cautionary and Forward-Looking Statements
Except for the statements of historical fact contained herein, certain information presented constitutes “forward-looking information” within the meaning of applicable Canadian securities laws. Such forward-looking information includes, but is not limited to, the relationship between Kneat and the customer, Kneat’s business development activities, the use and implementation timelines of Kneat’s software within the customer’s validation processes, the ability and intent of the customer to scale the use of Kneat’s software within the customer’s organization, and the compliance of Kneat’s platform under regulatory audit and inspection. While such forward-looking statements are expressed by Kneat, as stated in this release, in good faith and believed by Kneat to have a reasonable basis, they are subject to important risks and uncertainties. As a result of these risks and uncertainties, the events predicted in these forward-looking statements may differ materially from actual results or events. These forward-looking statements are not guarantees of future performance, given that they involve risks and uncertainties.
Kneat does not undertake any obligation to release publicly revisions to any forward-looking statement, except as may be required under applicable securities laws. Investors should not assume that any lack of update to a previously issued forward-looking statement constitutes a reaffirmation of that statement. Continued reliance on forward-looking statements is at an investor’s own risk.
For more information visit www.kneat.com.
Contact:
Katie Keita, Kneat Investor Relations
P: + 1 902-450-2660
E: investors@kneat.com
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