Ellie Mae, which is on quite the roll from a revenue standpoint, will soon have a new chief financial officer, as the company’s current CFO, Edgar Luce, announced plans to resign.
The announcement, which came via a filing with the Securities and Exchange Commission, states that Luce's resignation takes effect on April 1, 2017.
According to Ellie Mae, Luce intends to retire.
Luce served as Ellie Mae’s CFO since July 2005 and before that served as the company’s acting CFO from November 2004 to July 2005. To ensure a smooth transition, Luce will remain with the company in an advisory capacity for a period of time, Ellie Mae stated.
"Ed played a critical role in Ellie Mae’s evolution from a startup to a fast-growing public company and we are grateful for his contributions," said Jonathan Corr, Ellie Mae president and CEO. "Matt LaVay, our senior vice president of finance, will become CFO effective April 1, 2017. I have the utmost confidence in Matt’s ability to succeed in his new role and help drive our next phase of growth."
Prior to joining Ellie Mae, Luce served as CFO for Sanarus Medical, a medical device company.
Earlier in his career, Luce served as CFO, secretary and treasurer at ComView Corporation, a cardiology imaging software company. Luce also worked as CFO at Biex, a healthcare company, and as vice president of finance and administration and corporate secretary for Penederm, a public dermatology products company.
Taking over for Luce as Ellie Mae’s CFO will be Matthew LaVay, the company’s current senior vice president of finance.
According to details provided in Ellie Mae’s SEC filing, LaVay has served as the company’s senior vice president of finance since October 2014. In this role, LaVay oversees finance, accounting, reporting and strategic planning.
LaVay previously served as Ellie Mae’s vice president, corporate controller from May 2012 until August 2014.
Prior to joining Ellie Mae, LaVay served as vice president, corporate controller at Taleo Corporation from October 2011 until April 2012. Prior to Taleo Corporation, he was corporate controller and senior director of finance at Scientific Learning from July 2010 to October 2011.
(Update 1: This article is updated with additional information provided by Ellie Mae.)
