DerivaTech appoints Tennola to new COO role

Tennola most recently worked as COO and chief financial officer at Incent, a Chicago developer of Web-based decision support software for financial and insurance institutions. His previous positions include vice-president of business development at GE Financial Assurance-Partnership Marketing Group, a unit of the US' General Electric, and financial management posts at international professional services firm Deloitte & Touche and US investment bank Merrill Lynch.

He will report to Nicholas Hatzopoulos, DerivaTech's chief executive, who said: "We’ve made tremendous inroads with our product development and market penetration, and now it’s time to take a strategic look at how we can enhance our core competencies."

Tennola will focus on supporting DerivaTech’s global growth strategy and will direct resources and operational support to ensure strong customer relations. "I am looking forward to playing a significant role as a catalyst for growth," said Tennola.

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