Hugo Doetsch emphasized that building a strong, leveraged team is his top priority as he steps into the position. Los Angeles-based AuditBoard, the leading AI-powered platform for connected risk, audit, and compliance management, has appointed Hugo Doetsch as its new Chief Financial Officer
Doetsch, a seasoned finance executive with a background in high-growth software companies and investment banking, brings over two decades of experience to the role. Most recently, he served as CFO at symplr, a healthcare operations software provider. His prior positions include CFO at NetDocuments, where he played a key role in its 2021 sale to Warburg Pincus, as well as senior finance leadership roles at Ping Identity and Citi, including global head of services for investment banking.
Reflecting on lessons from his earlier CFO roles, he said, “You have to build the team that you want, that gives you leverage. When I was a first-time CFO, the biggest mistake I probably made is I tried to do it all. I tried to put the weight of the world on my shoulders, when in reality, what I should have done is say I need additional investment, I need additional headcount to help in this area.”
Doetsch described his initial approach at AuditBoard as one of immersion and continuous learning. “Day one, I like to understand the process—whether it’s the close process, the budgeting process, the board reporting cadence, what the reporting packages look like,” he explained. His focus will be on getting up to speed with the company’s product portfolio, key leaders across functions, and spending patterns before driving any strategic changes. “I’ve got to learn, I’ve got to ingest, I’ve got to take it all in and become an expert in everybody’s function, not just my own,” he added.
The appointment comes at a pivotal time for AuditBoard, which recently surpassed $300 million in annual recurring revenue (ARR) in October 2025 and continues to pursue aggressive international expansion. The company, which now serves over 50% of the Fortune 500, including seven of the Fortune 10, sees significant opportunities ahead under the leadership of CEO Raul Villar Jr., a former Paycor executive who joined in July 2025.
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Doetsch joins a refreshed executive team that includes several recent additions, such as Paaras Parker as Chief Human Resources Officer (from Paycor) and Jim Sperduto as Chief Growth Officer (from ADP). He highlighted the advantages of stepping into a newly constructed leadership group: “Nobody steps in with preconceived notions. We’re all hungry. We all have the same purpose. We all have the same mission.”
As CFO, Doetsch aims to position finance as a strategic partner to the business, ensuring decisions deliver measurable value. “Everything has a financial lens,” he noted. “It’s got to deliver value—whether it’s higher bookings, higher retention, or better products to our customers. But it also has to have a financial impact.”
He stressed the evolving role of finance leaders in partnering across functions, such as sales and marketing, to identify efficiencies, optimize incentives, and uncover marginal gains that drive shareholder and customer value.
