Fuad Ahmad joined FLG in 2013. Fuad brings over 15 years of senior finance and accounting experience in Software, Intellectual Property, Telecommunications, and Consumer Electronics industries. He has been a CFO at both private and public companies managing international and domestic operations. His experience includes building accounting and finance organizations, financings in both private and capital markets (having raised over $1.5 billion during his CFO tenure), IPOs, SOX compliance, SEC Reporting and Compliance, Treasury, Tax, FP&A, Investor Relations, M&A, post-M&A integration, Legal/Contracts and procurement, IT, and Human Resources. Fuad has managed organizations of various sizes; from a small start-up environment with a staff of less than ten people to a large public company with a staff of more than seventy-five.
Before joining FLG Partners, Fuad served as CFO of Sezmi, a Morgenthaler Ventures-backed Cloud-based software platform for complete turnkey video solutions for a personalized and multi-screen offering for Telecommunications companies, Media/Content companies, and Internet Service Providers. Fuad oversaw revenue growth from less than $10 million to an annual run rate of more than $50 million in less than a year and implemented expense reductions from annual run rate of $50 million to a run rate of less than $30 million in fewer than 12 months of operations. In January 2012 Sezmi was acquired by Kit digital, Inc. (NASDAQ: KITD) on the basis of growing revenue and profitability.
Prior to Sezmi, Fuad served as Senior Vice president and CFO of Globalstar Inc. (OTC: GSAT), a public company that builds and operates low-earth orbit satellite-based digital telecommunications systems. In his role, he was involved in the initial fundraising activities related to building and launching Globalstar’s satellite telecommunications system, including its IPO and various public market and private financing initiatives totaling more than $1.5 billion. At Globalstar Fuad oversaw the growth from $40 million to over $140 million in revenue, and a swing in EBITDA from a $5 million loss to a positive $40 million in less than two years of operations, leading to a successful IPO, which Fuad lead as its CFO.
Prior to his work at Globalstar, Fuad worked for Transworld Telecommunications, Inc., a private equity financed firm engaged in acquiring telecommunications companies in the United States.
Fuad graduated from Brigham Young University with a Bachelor of Science in Finance.