DigitalGlobe’s chief financial officer, Yancey L. Spruill, has announced that he will step down as CFO on October 1, 2014. DigitalGlobe has commenced a search for a new CFO, and has retained Heidrick & Struggles, an executive search firm, to assist with this process.
Spruill has announced the decision following a ten-year career with the company, during which he played a key leadership role in transforming DigitalGlobe from a small, privately-held satellite imagery provider with $60 million in revenue into an NYSE-listed company with $613 million in revenue in 2013.
Spruill joined DigitalGlobe in 2004 after a career as an investment banker and as a manufacturing engineer, and has served as the company’s CFO during his entire tenure.
He has over 14 years of professional experience across several industries. He served as a principal in the Investment Banking group at Thomas Weisel Partners from 2000 to 2004. His experience includes employment in the Mergers & Acquisitions department at Lehman Brothers Inc. and in Corporate Finance department at J.P. Morgan & Company.
Previous to this, he had a successful engineering career with Corning Incorporated and The Clorox Company. He earned a Bachelor’s Degree in Electrical Engineering from Georgia Tech, and a Masters of Business Administration from the Amos Tuck School of Business at Dartmouth College.