Clio latest B.C. unicorn to switch up C-suite in the new year

Legaltech firm names new CFO two months after expanding its C-suite

Clio CEO Jack Newton has welcomed five new faces to the C-suite since June 2021 | Rob Kruyt, BIV

Legaltech firm Themis Solutions Inc. (Clio) is now the latest in a growing number of B.C. tech companies changing up its leadership ranks to kick off the new year.

The Burnaby-based company, best known for developing software that helps lawyers reduce administrative tasks, announced Thursday Rob Froment is departing the company after joining back in 2014.

He’s been replaced as of Tuesday by San Francisco-based Curt Sigfstead, who most recently served in the same capacity at fellow Canadian unicorn CFT Clear Finance Technology Corp. (Clearco). The Toronto tech company has raised $700 million to date.

Clio, which raised US$110 million from investors last year and now boasts a US$1.6-billion valuation, most recently changed up its C-suite two months ago.

That's when San Francisco-based Ronnie Gurion, the former general manager and global head of Uber For Business at Uber Technologies Inc. (NYSE:UBER) took over as chief operating officer, and long-time Clio executives Reagan Attle and Jonathan Watson were promoted to chief marketing officer and chief technology officer, respectively. 

Sarah Bettencourt was also hired as chief people officer back in June, making for five new faces in the C-suite in the past seven months.

Clio CEO Jack Newton said in a statement Sigfstead’s “extensive experience in capital raising, venture investing, and successful market launches could not come at a better time as we continue to grow and expand our market position and offerings.”

The CFO hire comes amid a busy week for C-suites in B.C.’s tech ecosystem.

Fellow unicorn Zymeworks Inc. (NYSE:ZYME) announced Wednesday co-founder Ali Tehrini would be stepping aside as CEO by February 1.

A day earlier, GeoComply Solutions Inc. co-founder Anna Sainsbury revealed she’s back in as the cybersecurity firm’s CEO, a position she originally held from 2011-18. Her company also boasts a valuation of more than US$1 billion.

And BuildDirect.com Technologies Inc. (TSXV:BILD) – often described as the Amazon.com Inc. (Nasdaq:AMZN) of homebuilding supplies – just days ago named David Lazar as interim CEO, effective January 1, after Dan Park announced in October 2021 he was leaving the top job due to personal reasons.

torton@biv.com

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