AuthID is bringing in another former Socure executive in the latest change to its leadership team. Ed Sellitto will be AuthID’s next Chief Financial Officer, formally replacing Annie Pham on August 15 as Ms Pham steps down to pursue other opportunities. Ed comes to the company from a position as Revenue Operations VP for Zero Hash, a specialist in crypto products.
Among other roles, Sellitto has also served as VP of Revenue Operations at Socure, the former home base of AuthID CEO Rhon Daguro. “Having previously worked with Ed in a business that we grew to over $100M in ARR in three years, I respect his exceptional intellect and agility and proven success in helping drive revenue optimization for high growth SaaS organizations,” Daguro said.
Daguro himself joined AuthID immediately following its massive corporate overhaul in March of this year, which stemmed from a substantial new investment arrangement with longtime shareholder Stephen J. Garchik, and saw the replacement of several board members and the resignation of previous CEO Tom Thimot. Dhaguro joined as a new board member before being named as the company’s new chief executive.
More recently, AuthID announced the appointment of three new sales VPs earlier this month, including another former Socure executive, Dale Daguro.
Since the major leadership changes announced earlier this year, AuthID has executed some important business maneuvers, including an $8.2 million registered direct offering of common stock and concurrent private placement in which four directors participated. That effort was, of course, coordinated with the help of outgoing CFO Annie Pham.
“I would like to thank Annie for her efforts and support, as I got to work with her over the last few months, in particular in helping close our recent fund raise and note conversion and regain compliance with Nasdaq listing standards,” Rhon Daguro said. “She has been an integral part of helping to lead the company and we wish her all the best in her next endeavors.”
August 7, 2023 – by Alex Perala