ACL, provider of audit and risk management solutions, today announced the appointment of Laurie Schultz, ACL President and former Sage executive, as Chief Executive Officer. Harald Will, who will become the Executive Chair of the Board, will support Schultz in her new role. Will is responsible for establishing the company’s commercial operations 25 years ago.
“I am thankful for the confidence that Harald and the board have in my abilities to build on his legacy and extend his vision,” Schultz said. “With the support of ACL’s executive team, I look forward to strengthening the company’s established reputation for developing and advocating technology that expands the horizons of audit and risk management.”
Schultz, who has more than 20 years of software and technology expertise, has led ACL to double-digit growth in revenue since joining the company in August 2011. Her experience includes serving as Senior Vice President and General Manager of Sage North America’s mid-market ERP portfolio. Schultz also held the position of Vice President of Intuit Canada’s Small Business Division and currently serves on the boards of directors of Dress for Success Vancouver and the British Columbia Technology Industry Association.
“Laurie has the proven ability to grow revenues and profits, and her background with multiple software categories and geographies will be instrumental as ACL continues to drive the transformation of the audit and risk software markets,” said Will. “Over the past year, Laurie has made a strong impact on ACL through the reinvestment in our core product portfolio, the launch of our cloud-based audit management solution and expansion into risk management, as well as enhancing ACL’s position as an employer of choice. I am very pleased with this planned transition and confident in our plans to maintain our #1 share position within Internal Audit while leveraging our large customer base and growing portfolio to significantly expand our footprint into the broader risk and compliance markets.”