Rosetta Stone Inc. (NYSE:RST), a leading provider of technology-based language-learning solutions, today announced that it has named Thomas M. Pierno Chief Financial Officer, effective May 2, 2012.
Pierno will report to Steve Swad, President and Chief Executive Officer, and will have responsibility for all financial functions including Accounting, Finance, Tax, Investor Relations, and Treasury as well as oversee the company’s global distribution and fulfillment functions for Rosetta Stone.
Steve Swad said, “I am very pleased to have Tom join the Rosetta Stone leadership team. Tom brings broad and deep financial expertise across all areas of financial management as well as a strong track record with public company matters, capital markets and mergers and acquisitions. I expect Tom to continue to evolve the finance function at Rosetta Stone to meet and support the needs and challenges of the company, while also acting as a partner to the business. I will look to Tom to be a key team member as we deploy our strategy and deliver on our opportunities.” Swad continued, “The Board and I conducted an extensive search and believe that we have found the right financial partner to drive results. Not only do we have confidence in his abilities, but I have firsthand experience working with Tom and can attest to his professionalism and acumen. In addition, Tom brings to us strong international experience and an operational execution mindset.”
Pierno most recently served as CFO at Vertis Communications, a marketing communications company, overseeing all financial functions including accounting, compliance, tax, FP&A, treasury, and corporate development. Additionally during his time at Vertis, he directed supply chain and information technology operations. Prior to his role as CFO of Vertis Communications, Pierno served as Vice President, Financial Planning and Treasury at Comverse Technology, a global provider of software and systems, where he was responsible for worldwide budgets, forecasts, special projects and treasury operations. Prior to Comverse Technology, Tom spent 11 years with AOL, most recently serving as Senior Vice President and Controller. While at AOL, Tom held financial leadership positions in their subscription and international businesses, their compliance function and worked on various strategic acquisitions. Before AOL, Tom was chief financial officer at World Color Press, a publicly-traded commercial printer of magazines, catalogs, direct mail and books. He began his career at Ernst & Young and is a Certified Public Accountant. He graduated summa cum laude with an MBA and BBA in Accounting from Pace University.