Mike Sabbatis Named CEO of XCM

Mike Sabbatis has been named Chief Executive Officer of XCM. In his new role, Mike will architect and continue to execute XCM strategy.

Mike joined the XCM board in 2013, became COO in 2015, and in that role fulfilled a number of duties aligned with the CEO position. Prior to joining XCM, Mike served as the CEO and President of Wolters Kluwer Tax and Accounting NA (WKL: EN Amsterdam). Additionally, he served as the Chief Revenue Officer at Realpage, Inc. (NASDAQ:RP) and in senior leadership at Thomson Reuters (NYSE: TRI).

“XCM has experienced strong growth by executing a strategy of customer focused commitment, innovation, and a passion to enable professionals in firms, business, and industry to increase productivity,” said Sabbatis. “With this strong foundation, I am excited to step into this role and help XCM actualize its potential in the tax, accounting and finance space.”

Glen Keenan will continue in his role as President, and assume the additional responsibilities of Chief Operating Officer. Glen teamed with Mark Albrecht early in XCM’s genesis to let the voice of the customer inspire strategic and operational excellence throughout the organization. Prior to XCM, Glen worked in the Boston office of Deloitte focusing on Audit & Assurance and Risk Advisory services. Glen will continue to be a catalyst in leading strategic, organizational, financial, and customer-focused initiatives at XCM.

“These are exciting times,” said Keenan. “I’m looking forward to pairing my strategic work as President with this increased operational focus. We have a very talented team of people in place, and an opportunity to accelerate our business strategy.”

XCM Founder and CEO Mark Albrecht will be taking on the role of Founder and Chairman, following his passion to deliver innovative solutions to the industry. Mark’s innovative vision and experience in the industry engendered the first cloud-based Workflow and Tax Outsourcing solution in the accounting profession. Mark will continue to drive the strategic direction of new product development and will also continue as a Board member of XCM.

“I am very excited about the future of XCM,” said Albrecht. “These changes support our business strategy and focus of driving strategic innovation across our products and services we deliver today, and in the future to our 30,000+ users.”