Published On: Thu, Oct 23rd, 2014

Joel Jeselsohn Appointed CFO of Failing Workforce Management Programmer ClickSoftware


Joel Jeselsohn has been appointed Chief Financial Officer of ClickSoftware Technologies Ltd, which develops computer programs for companies to manage their workforces and whose largest single investor is George Soros. He will assume the position on Novermber 1st.

Jeselsohn will succeed Mr. Shmuel Arvatz, who is departing the Company. Mr. Jeselsohn, previously the Company’s Vice President Finance and Operations of the Americas, has been with ClickSoftware since 2003 and has served in various financial and business roles.

The company may be trying to improve its poor fortunes which have seen its stock tumble all this tear. Some recent good news for it, however, came last month when some analysts upgraded ClickSoftware’s rating from sell to hold.

“We are fortunate to have a veteran executive like Joel assume the CFO position. With a superb performance record in all of his roles at ClickSoftware, I am confident that Joel will be an outstanding CFO. In addition to his excellent financial skills, Joel is an all-around business executive who also contributes in sales, operations, IT, and other parts of our business. Joel and the other members of the finance team in ClickSoftware’s offices around the world have been working together for a long time. This appointment will ensure a smooth transition, ” said Dr. Moshe BenBassat, Founder and CEO of ClickSoftware.

“I also would like to thank Shmuel for many years of great contribution to ClickSoftware’s success. He established solid foundations and processes from which we will benefit for years to come.”

“It has been a privilege for me to be part of ClickSoftware’s management, contributing to its financial growth and success. After 12 years at the Company, I have now decided to move on. I would like to thank Moshe and the Company’s Board of Directors for the opportunity to contribute to the Company over this period, ” said Mr. Arvatz. “During the past 11 years I have worked very closely with Joel Jeselsohn and I am confident that he will be an excellent CFO for ClickSoftware.”

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