The Allen Institute has announced hiring RealNetworks Inc (NASDAQ:RNWK)’s former chief financial officer Marjorie Thomas. Thomas will be Allen Institute’s chief financial officer.
Thomas’s appointment takes effect from start May 8 and she will be reporting to Allan Jones, the President and CEO of Allen Institute. Allen Institute is a non-profit organization based in Seattle
Thomas will be replacing David Poston who stepped down from Allen Institute in September and joined EpiThany, a tumor vaccine startup based in Seattle. Poston is now EpiThany’s chief operating officer.
Thomas joined RealNetworks in 2015 in the capacity of chief financial officer and treasurer. She served on the company’s executive team. She led the treasury, finance, the accounting, corporate IT, tax and facilities teams. RealNetworks specializes in developing streaming media software as well as a service provider of media streaming services.
Previously Thomas worked at Intuit Inc. (NASDAQ:INTU) as vice president in charge of corporate finance and treasurer. At Intuit she was in charge of capital strategy and investments management as well as overseeing 43 finance professionals. Intuit is a provider of financial software. Before joining Intuit, she worked at Sony Electronics Inc as senior vice president in charge of finance and corporate control. She worked for more than 20 years at Hewlett Packard Enterprise Co (NYSE:HPE) where she held senior finance positions. Thomas was also a CPA at Arthur Andersen.
In a press statement, Thomas expressed delight at joining Allen Institute adding that she will use her long experience in technology as well as her passion for science to steer the company ahead. “I look forward to bringing my experience in technology, plus my personal passion for science, to support this talented team of scientists and staff,” she said.
In a Securities and Exchange Commission filing, the company said Thomas will be at RealNetworks upto May 5 to facilitate a smooth and orderly transition of role.
RealNetworks has employed the services of an executive recruiting firm to get Thomas’s replacement. RealNetworks announced $1 million in compensation to Thomas for 2015. This is the most recent period the company has declared executive pay.
