Dovel Technologies announced the addition of Barry Broadus to its senior executive team as chief financial officer to lead the company’s finance strategy and oversee financial operations.
Broadus joins the team with executive-level finance experience, having most recently served as CFO for SRI International, where he worked to restructure the CFO organization to better support business functions and corporate goals.
He was also CFO for Alion Science and Technology, where he was involved with the $750 million sale of the company to private investors, and directed organizational re-alignments and consolidation events.
As part of his new role with Dovel, Broadus will work with the senior executive team to define and execute strategic direction and growth plans.
“I am excited to be part of such a thoughtful yet innovative team and look forward to helping the company achieve its financial goals to better support the delivery of solutions that meet the mission needs of customers today and into the future,” Broadus said.
In the past six years, Dovel has grown from a small business to a mid-tier enterprise with annual revenues of more than $200 million. And in 2018, the company partnered with Macquarie Capital to advance future growth plans.
According to Dovel CEO Paul Leslie, financial discipline has been a large contributing factor to the company’s growth, and considering its current size, it was time to take that oversight and strategy to the next level by adding a CFO to its executive team.
“We are thrilled to have Barry on board as his experience in M&A, private equity transactions, and management in the professional services space is exactly what we need going into our next phase of growth,” Leslie said.