Deel Appoints Joe Kauffman as President and CFO: A New Era for Global Payroll and HR Solutions
NEW YORK, NY – October 10, 2023 – Deel, a prominent player in global payroll and HR management, has officially announced that Joe Kauffman will take on the roles of President and Chief Financial Officer (CFO). Kauffman brings over a decade of leadership experience from Credit Karma, where he has served in multiple executive capacities, including President and CEO.
Transition in Leadership: What Does This Mean for Deel?
As Joe Kauffman steps into his new role, Philippe Bouaziz, the current CFO since Deel’s inception, will transition to Executive Chairman and Chief Strategy Officer. Bouaziz will continue to steer Deel’s strategic initiatives and vision for long-term growth.
Proven Growth Under Bouaziz’s Tenure
Under the financial stewardship of Philippe Bouaziz, Deel has evolved from a fledgling startup into a trusted global platform now serving over 37,000 businesses across more than 150 countries. After achieving profitability for over three years, the company recently surpassed $1 billion in annual recurring revenue. With more than $1 billion raised from leading investors, Deel now boasts a valuation exceeding $17.3 billion.
“Witnessing Deel’s evolution has been one of my career’s most rewarding experiences,” remarked Philippe Bouaziz, Executive Chairman and Chief Strategy Officer. “Joe brings an impressive level of expertise and vigor that will undoubtedly shape Deel’s future goals and milestones.”
Joe Kauffman’s Background: A Visionary Leader
Before joining Deel, Kauffman led financial advancements at Credit Karma, where he propelled revenue growth from $100 million to $2.3 billion while enhancing operating margins to 37%. His strong background in managing large-scale corporate structures will be invaluable as Deel seeks to broaden its global footprint and fortify its financial framework.
Corporate Experience Beyond Credit Karma
Kauffman has previously held CFO and corporate development positions at two companies listed on the NYSE. His extensive experience managing disciplined, high-growth enterprises will be crucial as Deel continues to scale its operations and navigate new market opportunities.
“What Alex and Shuo have built is remarkable. It’s not just payroll and HR technology — it’s transforming how work is performed globally,” commented Joe Kauffman. “Deel’s culture is exceptional, merging innovation with customer success, which makes this an exciting opportunity for me.”
Strengthening the Leadership Team for Future Growth
In recent months, Deel has notably expanded its executive team, welcoming key positions such as:
- Harish Sharma as Chief Risk Officer
- Anthony Luis Rodriguez as Chief Compliance Officer
- DeAnn Work as General Counsel
These strategic appointments are poised to enhance Deel’s innovation, compliance, and growth potential as the company looks forward to future possibilities in the public market.
A Commitment to Excellence and Employee Empowerment
According to Alex Bouaziz, Co-Founder and CEO of Deel, “Joe’s addition to her leadership team is a testament to our ambitious vision. With his wealth of experience and passionate commitment to people, Joe embodies the principles that drive our mission forward.”
Underlining the strengthened leadership structure, Deel remains focused on its mission of simplifying global work for everyone, everywhere.
About Deel: Revolutionizing Global Payroll and HR Solutions
Deel is an all-in-one payroll and HR platform tailored for today’s workforce dynamics. It integrates HRIS, payroll, compliance, benefits, performance management, and device management into a single platform. Designed for scalability and security, Deel serves businesses of all sizes by enabling them to hire, pay, and manage various worker types seamlessly across 150+ countries.
For further information, visit Deel’s website.
Contact
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