Key Highlights

  • Upland Software (NASDAQ: UPLD) announces the retirement of Chief Financial Officer Michael D. Hill, effective mid-2026.
  • The company appoints David Tamez as interim CFO, drawing on his extensive experience in senior finance positions at Upland Software.
  • Hill’s departure is unrelated to any disagreements with the company’s operations or policies.
  • A search for a permanent successor is in progress, with further details on compensation to follow.

Upland Software (NASDAQ: UPLD) is managing a key leadership change in its finance function as its long-standing Chief Financial Officer prepares to retire. The company has moved quickly to appoint an internal successor, ensuring a smooth transition during this period.

Retirement Announced

Michael D. Hill, who has served as Upland Software’s Chief Financial Officer, will step down from his role in mid-2026. Hill communicated his decision to the board earlier this year, marking the end of his tenure with the company. The company has stated that his departure is not connected to any disputes regarding business operations or corporate governance.

Interim Leadership Appointed

In response to Hill’s retirement, Upland Software’s board has selected David Tamez to serve as interim CFO. Tamez, who currently holds the position of Senior Vice President of Treasury Management, will assume the role shortly. His appointment is intended to provide continuity as the company works to identify a permanent replacement.

Tamez’s Background

Tamez has been with Upland Software for nearly a decade, initially joining as Vice President of Accounting and Corporate Controller. In that capacity, he played a key role in financial reporting and oversight before transitioning to his current position. Prior to Upland Software, he spent several years at Callaway Golf, where he managed finance operations for the company’s e-commerce segment.

His career began in public accounting, where he gained foundational experience in financial management.

Search for Permanent CFO

The company has initiated a search for a permanent CFO, though no specific timeline has been provided. Leadership has indicated that the process will focus on identifying a candidate with a strong background in financial strategy and operational leadership. Additional details regarding Tamez’s compensation for the interim role are expected to be shared in the near future.

Indemnification Agreement

As part of his appointment, Tamez has entered into an indemnification agreement with the company. The terms align with those offered to other executives and board members, providing standard protections for his role. The agreement has been filed in accordance with regulatory requirements.

No Conflicts of Interest

Upland Software has confirmed that Tamez has no personal or financial relationships with current directors or executives that could influence his appointment. The company has also stated that no material transactions involving Tamez require disclosure, reinforcing the transparency of the selection process.

Next Steps for Investors

The leadership transition occurs as Upland Software continues to emphasize financial stability in a competitive market. Stakeholders will likely monitor developments in the permanent CFO search and any potential adjustments to the company’s strategic direction under interim leadership. The company remains focused on maintaining operational consistency during this period.

FAQs

This article is for informational purposes only and does not constitute financial advice. Please consult a licensed financial adviser before making investment decisions.