The new CFO at Envestnet will be taking the helm from a man who has helped steer the firm through its take-private move.

Envestnet, a turnkey asset management program and provider of fintech-driven back-office services, has appointed John Hofmann (main photo) as chief financial officer, reporting to CEO, Chris Todd. He will be succeeding Josh Warren, who has served as CFO since 2023.

Hofmann’s appointment is effective September 1, the firm said in a statement yesterday.

In his role, Hofmann will oversee Envestnet’s finance, M&A and transformation organizations – an important brief for a firm that was taken private last year and is now owned by Bain Capital. 

"With approximately $7 trillion in assets, and best-in-class technology used by one-third of US wealth advisors, Envestnet is well positioned to extend its leadership position in the industry," Todd said. 

Hofmann brings more than 25 years of proven financial, operational, and M&A experience across software-as-a-service, enterprise software, healthcare technology, data analytics, and fintech/payments. He has served as CFO for many private-equity-backed companies, most recently at athenahealth, a healthcare software company. Previously, he served as CFO of Omnitracs and CFO of Infogroup (now Data Axle).

Thanking Warren for his work as CFO, Todd said: "Since joining in 2023, Josh has strengthened our financial discipline, guided us through a significant period of transition – including the Bain Capital take-private transaction – and led a successful debt repricing. His contributions have been invaluable, and he leaves us well-positioned for the future.” 

Hofmann received a bachelor of arts from the University of Pennsylvania and a master of business administration from Harvard Business School.