RevRoad, a leading venture services firm, announced today the selection of Jenney Rees as its new CEO, effective August 1, 2024, by unanimous confirmation of its Board of Directors. The appointment follows a months-long evaluation of the firm’s needs and preparation for transition to the right leader with the character and competence to guide it forward. Founder and current CEO Derrin Hill will continue as the Chairman of the Board and will take on a larger role in the capital fund and will lead raising the next fund with RevRoad Capital. In addition, he will lead the Board, continue to help portfolio companies grow, engage investors, and continue to build the RevRoad brands in the flourishing entrepreneurial ecosystem.
Rees joined RevRoad in 2023 as the COO of one of its portfolio companies, Orkid, and transitioned to become RevRoad’s Chief Operating Officer in August of last year. Previously, she served as a cabinet member in the Utah Governor’s office, leading a state agency with more than 1,300 employees. She led transformational efforts to consolidate multiple departments that resulted in significant cost reductions and improved operational efficiency. Her focus on accountability, strategic alignment, and process-driven execution are hallmarks of her leadership style.
In addition to her work in the public sector, Rees also has outstanding expertise in startup and technology leadership. At MediConnect Global, her efforts supported the company’s growth and ultimate acquisition for $348M in 2012. She has been recognized by Utah Business Magazine as part of its “30 Women to Watch” series, served as a popular and dedicated mayor of Cedar Hills, Utah, and holds a master’s degree in public administration from Southern Utah University. About this appointment, Rees notes, “I’m humbled by the opportunity to lead this outstanding team. Derrin, the RevRoad founders, and our Board have done so much to elevate startups over the past seven years; I’m honored to be involved in this important and unique mission’s future.”
Says Hill, “She’s the perfect leader to deliver the next phase of the RevRoad vision and a partner I trust completely.” He adds, “RevRoad has some exciting new programs and services in the works. I’m excited to partner with RevRoad Capital to develop the capital pathway for these, and Jenney has the character and competence to maximize their return. I look forward to what our teams will do together.”
About RevRoad
RevRoad is a venture services firm dedicated to achieving the full value of startups for founders and investors. The company invests in innovators through delivery of strategic services, including marketing, sales, development, strategy, finance, and capital to accelerate revenues and scale efficiently while keeping founders in the driver’s seat.
For more information, contact:
Kristine Widtfeldt
Chief Marketing Officer
kristine.widtfeldt@revroad.com
No comment yet, add your voice below!