Effectual names Doherty its new CFO

Effectual, a Hoboken-based cloud-first professional services company, announced on Thursday it has named Robert Doherty as its new chief financial officer.

Doherty will lead all aspects of the company’s accounting and financial operations, Effectual said in a news release.

“Having worked in technology from both the corporate finance side and within technology companies, it is rare to come across an organization with Effectual’s combination of heritage, reputation, and vision of becoming the market leader in IT modernization,” Doherty said. “It is energizing to work with the Effectual team and scale the company organically and through acquisitions.”

With more than 30 years of experience in corporate finance, Doherty has held senior roles at PaineWebber, Salomon Brothers and Citigroup, and led the finance teams at Metromedia Fiber Networks, FiberMedia, and vXchnge.

“Robert has a sharp understanding of the technology industry and the financial analysis associated with M&A and corporate strategy execution,” Robb Allen, CEO, Effectual, said. “His combined experience in corporate finance and leading finance teams within technology organizations provide us with the financial leadership required to meet our goals and execute our vision.