Dallas-based business advisory firm Embark has added Barry Salzberg, the former global CEO of Deloitte, and Dan Bailey, managing director at CoVenture, to its board of directors.
The firm said that Salzberg’s addition, in particular, carries significant weight, given his history as one of the top leaders in the global consulting industry.
“Barry is a legend in the industry and a truly visionary leader. He brings a wealth of Big 4 experience, and an extraordinary track record of success at the highest levels of professional services,” Embark CEO Clancy Fossum said in a statement. “Both he and Dan are incredibly accomplished and will complement an already stellar board with their insight and expertise to help advance our vision, steer our strategic goals, and foster our unique cultural DNA.”
Embark said that Salzberg joins as an independent member of the board after leading Deloitte for 12 years as managing partner of the firm’s U.S. operations, U.S. CEO, and, ultimately, Global CEO. Embark said Salzberg earned a reputation as an industry thought leader and was the primary force for cultural change at Deloitte.
‘The company to watch’
“Embark is the company to watch in the consulting industry,” Salzberg said in a statement. “Its hypergrowth is a direct result of a culture that attracts the best people from the best firms, resulting in the best work. That’s why their customer loyalty is off the charts.”
To Salzberg’s point, Embark said its Net Promoter Scores typically double and sometimes triple the competition.
Dan Bailey, managing director at CoVenture. [Photo: Dan Bailey; background composite, DI]
Bailey joins the board, which was formed last fall, shortly after Embark’s new strategic partnership with CoVenture, a premiere New York-based investment firm with more than $2 billion in assets under management.
“I couldn’t be more pleased with this opportunity to join the board at Embark,” Bailey said in a statement. “The firm has emerged as an innovator in the $300 billion global consulting industry. At CoVenture, we are excited to partner with Embark during this exciting period of remarkable growth.”
Fossum said he is bullish on Embark’s future.
“We didn’t have to make the CoVenture deal, start our board, or add these new members,” he said. “We chose to do them because they will all help shift our growth into an even higher gear.”
Other board members
Per Embark, its other board members include:
Independent board members
- Kim O’Connor is a CPA and former Boston office managing partner for Grant Thornton, a global public accounting and advisory firm.
- Whitney Johnson is the CEO of Disruption Advisors. Johnson is known for her expertise in the growth and development of employees and ensuring value across companies.
- Matt Sharrers is executive chairman of SBI, a leading go-to-market growth advisory firm for innovative companies. He brings a deep expertise in advising growth-stage companies.
Executive Board Members
- Paul Allen is the founder of Embark and executive chairman of the board.
- Clancy Fossum is the CEO of Embark and serves as an executive member of the board.
Embark describes itself as a new kind of business advisory firm that’s intent on disrupting the professional services industry with a unique, innovative business model and mindset for the advisory space.
Founded in 2010, Embark services 14 offices across the U.S., helping clients optimize finance, accounting, and technology with specialists from a spectrum of practice areas and industries.
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