PE Tech Report


Like this article?

Sign up to our free newsletter

Hercules names corporate controller Andrew Olson as interim CFO and principal accounting officer

Hercules Technology Growth Capital has appointed Andrew Olson, Corporate Controller, as Interim Chief Financial Officer and Interim Principal Accounting Officer.

The appointment will run until 1 August, 2015, when Mark Harris, the Company’s newly appointed Chief Financial Officer (CFO) assumes the role as the company’s successor CFO. In conjunction with being named Interim CFO and Principal Accounting Officer, Olson has been promoted to Vice President of Finance and Senior Controller. Jessica Baron’s departure, effective 9 June, 2015, was previously disclosed in the Company’s Form 8-K filing dated 20 March, 2015, which announced her decision to resign from her position within the next few months or until the Company identifies her permanent successor.
“I want to thank Jessica for her nine years of dedicated hard work and outstanding contributions in helping to make Hercules into one of the largest, non-bank lenders to venture-capital backed companies,” says Manuel A Henriquez, chairman and chief executive officer of Hercules. “While finding someone to replace Jessica was difficult, I am pleased to say that after conducting an exhaustive search, we have found an accomplished executive with exceptional financial and operational expertise to fill her position. We wish Jessica the best in her future endeavours and great success in her career. She is an outstanding professional.”
Olson joined Hercules in 2014 as Corporate Controller and has been responsible for financial and regulatory reporting, and financial process and systems design and implementation. Prior to joining Hercules, Olson served as a senior manager at PricewaterhouseCoopers LLP (“PwC”) in their Finance Services Assurance practice from 2006 to 2014 in both San Francisco, California and Hong Kong, People’s Republic of China. While at PwC, Olson developed extensive experience providing audit and consulting services to both regional and international financial institutions of various sizes and asset classes. Olson earned a Bachelor of Arts in Business Economics from the University of California, Santa Barbara. He is a Certified Public Accountant in the state of California.

Like this article? Sign up to our free newsletter