Ultimate Software’s EVP and Former CFO Becomes Medallia’s Fourth outside Director

Medallia, Inc., the global experience management leader, announced the appointment of Mitchell K. Dauerman, former Chief Financial Officer of Ultimate Software who currently serves as the company’s EVP of Investor Relations, as a new member of Medallia’s board of directors.

Under Dauerman’s leadership, Ultimate Software grew from a market cap of $180 million and 299 employees in 1998, to a company with a current market value of over $11 billion and more than 5,200 employees.

“We are honored to have such an accomplished executive become a member of our board,” said Leslie Stretch, President and Chief Executive Officer of Medallia. “Mitch’s experience with building Ultimate into a cloud leader, that changed the market for human capital management, gives him a perspective perfect for advising Medallia as we continue to disrupt the status quo around experience management.”

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“Medallia is in a unique position as a visionary company with a clearly differentiated platform. Experience management is the strategic priority of every organization today. Medallia’s technology enables their clients to engage their customers and employees in the relentless improvement of experience, making Medallia strategic and transformative to the enterprises and partners they serve,” said Dauerman. “I am honored to join the Medallia board and excited to contribute to the company’s continued success.”

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At Ultimate Software, Mr. Dauerman acted as CFO for 22 years, and is currently the company’s Executive Vice President, focusing on investor & sales relations. Prior to joining Ultimate, Mr. Dauerman worked at KPMG LLP for 17 years, including serving as a Partner in the firm from 1988 to 1996. Mr. Dauerman is a Certified Public Accountant. He received his B.A. from Rutgers University.

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