Ascentis Appoints Jilbert Washten as Chief Financial Officer
Bellevue, Wash. – May 19, 2014 – Ascentis Corporation, a market leader in easy-to-use human resources software, online payroll services, and human capital management (HCM) solutions, today announced that Jilbert Washten has been named new chief financial officer (CFO) following the retirement of former CFO, David Bernstein.
“During his fourteen years of extraordinary service, David Bernstein made a significant impact on our business, especially over the last two years where we’ve experienced tremendous growth,” said Ascentis CEO DJ Chhabra. “We obviously had big shoes to fill with Mr. Bernstein’s retirement, but I’m delighted that we were able to recruit a strong CFO to join our growing team. Mr. Washten’s proven track record and leadership will be invaluable as we embark on our next growth phase. We’re delighted to have such a high caliber executive join our team.”
Washten joined Ascentis from Cloudmark, where as VP of finance and accounting he was focused on the company’s financial reporting, accounting service, internal controls and all aspects of financial accounting. Washten brings more than 15 years of broad-based experience in finance and corporate accounting. He holds a bachelor’s degree from California Polytechnic State University – San Luis Obispo, with an emphasis in economics and international management.
“Ascentis is a truly innovative company with a powerful combination of industry leading technology, an impressive customer base, strong management, and tremendous market opportunity,” said Washten. “I am thrilled about joining Ascentis at this specific time in the company’s history. The opportunity to join Mr. Chhabra and the executive team to lead the way in the ever-evolving HCM industry is both compelling and exciting.”
Ascentis Corporation, backed by Palm Ventures, LLC and Catalyst Investors, offers easy-to-use human capital management, HRIS, online payroll, talent management, recruiting and time and attendance solutions that support greater business efficiency and accuracy. Ascentis automates critical HR and payroll processes such as full-scale benefits management, HR compliance automation, online open enrollment, time and attendance, real-time payroll processing, tax filing, payroll compliance, applicant tracking, employee and manager self-service and reporting. Ascentis’ talent management solutions include learning management, performance management, succession planning, 360° assessment and compensation management. One point of data entry means employee information is accurate, up-to-date and reportable. Electronic submission of information to insurance carriers eliminates errors and supports a paperless open enrollment process.