Top 40 distributor iPROMOTEu (asi/232119) has announced the hiring of Greg Stott as its chief financial officer. Stott brings more than 30 years of experience in professional management services, accounting, SaaS, real estate technology and other industries. In particular, Stott has experience working with organizations backed by private equity.

“Since last fall, our financial reporting requirements have intensified considerably,” Ross Silverstein, president and CEO of iPROMOTEu, said in a press release. “Our team did a fantastic job handling this responsibility in the interim, and in Greg, we now have a permanent CFO to take the financial lead on our long-term growth strategy.”

Prior to joining iPROMOTEu, Stott served in several financial leadership roles at major nationwide organizations, including Erecruit, Trimble and SpaceClaim. As CFO, Stott will be responsible for several iPROMOTEu departments and teams, including accounting, accounts payable, accounts receivable, affiliate payroll and invoicing.

“I’m thrilled to be part of the iPROMOTEu team,” Stott said. “The company is a model not just for growth overall but also for focusing on what leads to growth. Being an organization focused on its distributor Affiliates has allowed iPROMOTEu to achieve significant milestones over the past 20 years, and I’m excited to be able to contribute to and support its momentum going forward.”

With reported 2018 North American promotional product revenue of $198.4 million, iPROMOTEu ranked 11th on Counselor’s 2019 list of the largest distributors in the industry.