NEW YORK—TravelClick, a global provider of cloud-based solutions that enable hotels to grow revenue, announced on Oct. 15 the appointment of David Obstler as its chief financial officer, effective immediately.
Obstler brings to TravelClick nearly 30 years of experience in finance, 15 of which were spent in the role of chief financial officer. During this time, he helped several leading public and private equity-backed companies in New York City achieve operational and financial growth, as well as navigate financial and business transformations. He also has participated in multiple initial public offerings (IPO) and M&A transactions.
“We are excited to have a finance professional of David’s caliber join TravelClick. He is an important member of the team and will be instrumental in realizing our business and financial objectives,” said Larry Kutscher, chief executive officer at TravelClick. “David’s proven track-record of successfully leading private and public companies, spearheading and integrating acquisitions and positioning companies for rapid growth, will enable us to build upon our industry leadership position.”
Most recently, Obstler was chief financial officer at OpenLink Financial, a global leader in Transaction Lifecycle Management (TLM) software for the commodity, energy, and financial services industries with revenues of more than $300 million. Prior to that, Obstler was chief financial officer of MSCI Inc., a leading provider of investment decision support tools. Obstler assumed the role after MSCI acquired Risk Metrics in June 2010, where he served as chief financial officer. Obstler coordinated the financial integration of MSCI Inc. and Risk Metrics, consolidated and strengthened the combined 165-person global finance team, and helped the company achieve targeted cost synergies. During his tenure at Risk Metrics group, Obstler was helped shape the company’s business and financial growth strategy. He was also responsible for broadening the capabilities of the finance department to support the company’s expansion, its integration of several acquisitions and to prepare for its IPO and ultimate sale to MSCI Inc.
“I am pleased to join the leading provider of technology and marketing solutions to the hospitality sector. I look forward to working with the leadership team as TravelClick continues to grow organically, explore potential acquisitions, and ultimately deliver value to its 38,000 hotel clients around the world that utilize our Company’s products and services,” said Obstler.
Prior to MSCI Inc., Obstler acted as chief financial officer at Pinnacor Inc., leading the company through its private financing, IPO, two acquisitions, and eventual sale. In addition, he previously held investment banking roles at JP Morgan & Co., Lehman Brothers, and Goldman, Sachs & Co.