Magnit Appoints Doug Barnett as CFO to Accelerate Global Reach

Barnett to pursue modernization and operational excellence as the company leads the evolution of work

BURLINGAME, Calif. (Feb. 9, 2023) – Magnit, an Integrated Workforce Management (IWM) platform provider, today announced that Doug Barnett has joined the company as chief financial officer (CFO). In this role, Barnett will work to scale the company’s global operations as it leads the evolution of work.

“Having Doug on the team will be critical to driving Magnit’s success in its next chapter,” said Kevin Akeroyd, CEO of Magnit. “He has successfully managed, modernized, and scaled several companies through times of transformation. Our industry is in a moment of acceleration, and it’s ripe for expansion. I’m confident Doug’s tech-forward vision for Magnit will help further cement the company’s status as a trailblazer in the evolution of work.”

Barnett has more than two decades in executive roles within the tech and software sectors. Most recently, he spent four years as the executive vice president (EVP) and CFO at the Sabre Corporation, spearheading the company’s global finance organization and corporate development initiatives. Previously, Barnett has also served as EVP-CFO of Informatica and TriZetto Corporation, as well as being CFO of UGS. At each of these companies, he helped accelerate the global reach of their products and services.

“In today’s macroeconomic landscape, contingent workforce management is a critical C-suite priority,” said Barnett. “With its rich history as a leading service provider in the contingent workforce industry, modern software, and world-class data and talent intelligence, Magnit is well-positioned for rapid growth in the coming years. I’m incredibly excited to be a part of its ongoing story.”

Barnett joined Magnit closely on the heels of the company’s extensive rebrand. A veteran and industry leader in contingent workforce management, Magnit has been guided by its ongoing mission to make planning, attracting, and managing the best talent faster and more effectively for over 30 years.

To learn more about Magnit, visit magnitglobal.com.

About Magnit

Magnit™ is a global leader and pioneer in contingent workforce management. Our industry-leading Integrated Workforce Management (IWM) platform is supported by 30+ years of innovation, modern software, proven expertise, and world-class data and intelligence. It enables companies to optimize talent and diversity goals while achieving operational and financial success. With Magnit, companies can adapt quickly to the evolution of work to grow their extended workforce with greater agility, transparency, and speed. magnitglobal.com

“Magnit” is a trademark or registered trademark of Magnit, LLC. Any trade, product or service name referenced in this document using the name “Magnit” is a trademark and/or property of Magnit, LLC.

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