Friday, February 13, 2009

Phase Forward shifts board members

By Mass High Tech staff

Paul Joubert, founding partner of Edge Advisors LLC and a director of Stream Global Services Inc., has been nominated by the Phase Forward Inc. board of directors to join the board. The clinical trials management company also announced the departure of James Cash from his five-year role as director. The board member election will take place on May 8.

Joubert worked more than 35 years at global accounting firm PricewaterhouseCoopers LLP. At PwC, he served both public and private companies, in all levels of maturity, in manufacturing, service and high-tech industries. During his tenure with the company, Joubert held the position of chief of staff to the Vice-Chairman of domestic operations, in addition to his lead roles with PwC’s Technology, InfoCom and Entertainment practice for the U.S. Northeast region.

Joubert graduated from Northeastern University with a bachelor of science degree in finance and accounting. A member of the American Institute of Certified Public Accountants, Joubert has held membership and roles with the Association for Corporate Growth, the Massachusetts Innovation and Technology Exchange and the Board of Overseers of the Museum of Science.

Cash is leaving Phase Forward to spend more time with an international business startup he is said to be pursuing.

Phase Forward provides integrated data management for clinical trials and drug safety. For 2008, Phase Forward generated revenue of $170.2 million, a 27 percent increase from $134.3 million in 2007. Phase Forward’s net income, however, was $13.8 million for 2008, compared to $29.2 million in 2007.