Vivint hires former Alcoa exec as CFO

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Friday, October 11, 2013

PROVO, Utah—Vivint today announced the appointment of Mark Davies, former EVP at Alcoa, as the company's new chief financial officer. As CFO, Davies will lead Vivint's financial teams, streamline processes and draw on his extensive experience with financial strategy to create business plans for Vivint's investments, funding sources and financial transactions, according to a news release.

The hire marks the fourth time this year that Vivint has gone outside the security industry to add to its executive team. Newcomers to the industry now fill the roles of COO, chief information officer and chief innovation officer at Vivint.

“We're excited to have Mark on the team,” Alex Dunn, president of Vivint, a home security/home automation provider based here, said in a prepared statement. "His skills and experience leading large, publicly held companies will be invaluable as we continue to grow. We're confident that he will be able to take Vivint's financial interests and investments to the next level."

Before joining Vivint, Davies worked at Alcoa, a leading producer of primary and fabricated aluminum. He served as the executive vice president and president of global business services, the chief procurement officer, and as a member of the executive council, according to the news release.

Prior to Alcoa, Davies served as managing vice president of strategic programs for Dell Inc. and helped lead the company's global business transformation, the news release said. He also served as the chief financial officer of Dell's Global Consumer Group, a $13 billion enterprise with operations in five regions and 45 countries. He has also worked for Hewlett Packard in financial operations, manufacturing, supply chain, procurement, and accounting for a number of international operations.

“I'm excited to join a company as dynamic as Vivint,” said Davies said in a prepared statement.

Vivint also recently hired former Xerox executive David Bywater as COO, and also Todd Thompson, who hails from the hotel and airline industries, as its new chief information officer. Earlier this year, Vivint hired Matthew Eyring, a prominent business strategy consultant, for a newly created position of chief innovation officer.

Vivint’s former CFO, Chris Black left the company in December after The Blackstone Group purchased Vivint for more than $2 billion. He’s now CFO at Viamedia.