Benefitfocus, Inc., a leading provider of cloud-based benefits-software solutions, said on Wednesday that Ray August has been promoted from chief operating officer to president and COO of the company.
“We are thrilled to expand Ray’s role as our president and COO," company co-founder Shawn Jenkins said. "He is an incredible leader, and his promotion recognizes the strong results he has already achieved over the past nine months in inspiring our teams, elevating our operations and laying the groundwork for enhanced profitability."
August joined Benefitfocus in 2014. As president and COO, he will expand the leadership of operations and customer-centric initiatives that support Benefitfocus’ near-term growth and profitability objectives.
“I’m honored that Shawn selected me to take on the added role of president, and I'm excited to broaden my operational role, working directly with him and our entire team,” August said. “Our laser focus on customers, innovative products and amazing culture uniquely positions us to lead and serve this massive and rapidly developing market. I’m eager to work with our growing community of customers and associates as we implement our plan to deliver sustainable, profitable growth.”