Sovos Appoints New COO

Global tax software provider Sovos has appointed Ruth Fornell to the newly created role of chief operations officer. Fornell comes to Sovos with extensive experience leading global teams, most recently as a general manager at payment systems company ACI Worldwide. Previously, she held numerous leadership roles during more than 20 years with banking and commerce software provider NCR Corporation. As chief operations officer, Fornell will lead Sovos’ regional teams to ensure a consistent global customer experience fueled by local expertise as the company embarks on its next stage of growth.

Following new investments from Hg and TA Associates in 2020, Sovos is advancing its mission to Solve Tax for Good^Ⓡ amid the converging digital transformation of government, technology and business. The addition of the chief operations officer role augments the Sovos leadership team as the company pursues continued geographic expansion, an expanded partner ecosystem and rapid response to accelerating tax and regulatory change. Sovos also recently seated its new board, including previous and new members from Hg, which first invested in the company in 2016, and TA Associates, which joined as an investor last year.

“Sovos is uniquely positioned to deliver a complete solution for modern tax —  including tax determination, continuous transaction control compliance and tax reporting — to support companies doing business all over the world,” said Andy Hovancik, CEO, Sovos. “Ruth’s experience in global operations and enterprise software combined with her passion for building high-performance teams are a great fit for Sovos and this moment in our growth.”