PE-backed Arcoro appoints CEO
Providence Strategic Growth (PSG)-backed Arcoro, a provider of human resources management (HR) solutions for high-risk industries, has appointed John Herr as Chief Executive Officer.
Herr, a 25-year internet technology industry veteran, most recently served as CEO of Avetta, a global cloud-based supply chain risk management and commercial marketplace platform. He will assume day-to-day leadership of Arcoro and join its Board of Directors. Herr's appointment comes as John O'Hara retires from his role as Chief Executive Officer. O'Hara will serve in an advisory role to Herr through the end of 2020.
"I am incredibly proud of everything our team has accomplished to deliver a modular suite of solutions that serves the entire spectrum of HR needs for our high compliance, high consequence customers. With John Herr's stellar track record in scaling market-leading software businesses, Arcoro is well-positioned for a successful next phase of growth," says O'Hara. "It has been a tremendous honour to serve as CEO of Arcoro since its creation and as President and CEO of ExakTime, one of the foundational brands of the Arcoro offerings."
"We are grateful for John O'Hara's leadership since Arcoro's inception. His efforts have set the company on an exciting trajectory, and we wish him well in his retirement," says John Clancy, Managing Director, Head of Portfolio Operations at PSG. "We are thrilled to have someone of John Herr's caliber and experience step in to lead Arcoro. We are confident he is the right person to build on the company's momentum and take advantage of the market opportunities ahead. Herr is an inspirational leader and visionary with a proven track record and is also a strong communicator who is deeply customer and partner focused."
Before joining Arcoro, Herr spent five years as Chief Executive Officer and Board Member at Avetta. Under his leadership, Avetta grew to serve an active customer base of over 100k in over 100 countries. Having served in executive roles at some of the world's leading SaaS and eCommerce organisations, including eBay, PayPal, Adaptive Insights and Buy.com, Herr has a deep understanding of how to transform emerging businesses into world-class enterprises and how to grow and inspire talented teams. Herr graduated from Harvard University with a Bachelor of Arts in Economics and earned a Master of Business Administration from Harvard Business School.
"I am incredibly excited to join the Arcoro family and to help lead the company to actualise its extensive potential to serve more customers through organic growth and strategic acquisitions," says Herr. "There is an exceptionally talented team at Arcoro that is focused on taking decisive actions to transform the business, continuing to innovate our products in new and diverse ways and unlocking future growth opportunities."