NEW YORK – December 20, 2021 - Pico, a leading provider of mission critical technology, data and analytic services for the financial markets community, today announced the appointment of Donald Shassian to its Board of Managers and Chair of the Audit Committee, effective December 10, 2021. The appointment strengthens Pico’s Board and financial reporting expertise as it prepares to become a public company.
Mr. Shassian is a seasoned finance executive specializing in the telecom and media industries. Most recently, he served as Executive Vice President and Chief Financial Officer of OUTFRONT Media (NYSE: OUT), one of the largest out-of-home media companies in North America. He has also held the CFO role at three telecom firms: Frontier Communications, RSL Communications, and Southern New England Telecommunications Corporation. Prior to his CFO roles, he was a partner at Arthur Andersen.
Mr. Shassian is currently a board member at Seaborn Networks and Blythedale Children’s Hospital. Previously, he served on the boards of UIL Holdings Company (NYSE: UIL) and Lightower Holdings – a Berkshire Partners portfolio company – and was Chair of the Audit Committee for both companies. He holds a BS in Business Administration, majoring in Accounting from Bucknell University.
“We are excited to welcome Don to our Board of Managers,” said Jarrod Yuster, Chairman, Founder & CEO at Pico. “Don will be a tremendous asset to our Board as we transition to life as a public company.”
“As a longtime finance executive, board member within the telecom industry, and as Chair of our Audit Committee, Don’s counsel and unmatched integrity will ensure that we operate with fiscal discipline and transparency and provide reliable reporting for our shareholders. We are privileged to have someone of Don’s pedigree overseeing this very important function.”
“It’s an honor to join Pico’s Board of Managers,” said Shassian, “I look forward to being a part of the transformation in financial markets technology as Pico continues its incremental growth in a rapidly evolving market.”
About Pico
Pico is a leading global provider of technology services for the financial markets community. Pico’s technology and services power mission-critical systems for global banks, exchanges, electronic trading firms, quantitative hedge funds, and financial technology service providers. Pico provides a best-in-class portfolio of innovative, transparent, low-latency markets solutions coupled with an agile and expert service delivery model. Instant access to financial markets is provided via PicoNet™, a globally comprehensive network platform instrumented natively with Corvil to generate analytics and telemetry. Clients choose Pico when they want the freedom to move fast and create an operational edge in the fast-paced world of financial markets.
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