1 September 2021
New Additions To Help Guide Company As ServiceMax Prepares For Nasdaq Listing
LONDON, UK – September 1, 2021 – ServiceMax, a leader in asset-centric field service management, today announced the appointment of two new board members: Felicia Alvaro, the Audit Committee Chair of Cornerstone on Demand; and Callie Field, the Executive Vice President and Chief Customer Experience Officer for T-Mobile, increasing the size of its Board to eight Directors.
Alvaro and Field will be joining ServiceMax’s Board at a pivotal point in the company’s history as it prepares to be listed on Nasdaq following a business combination with Pathfinder Acquisition Corporation (NASDAQ: PFDR), a publicly traded special purpose acquisition company co-sponsored by affiliates of HGGC and Industry Ventures (“Pathfinder”). Their particular expertise will play an integral role in helping the Board guide the company’s organizational focus and financial direction.
“We are excited to welcome Felicia and Callie to ServiceMax’s Board of Directors as the company prepares to be publicly listed,” said Neil Barua, CEO, ServiceMax. “They bring impressive, varied backgrounds and are equally energized by our mission to help our customers keep the world running. Their experience will be invaluable as we continue to grow and evolve in the coming years.”
“It is an honor to join the ServiceMax Board at this exciting and transformational juncture for the company,” said Alvaro. “I look forward to working with the Board and management to build upon the work that has been done to create long-term value for all stakeholders, and to provide critical guidance and oversight as ServiceMax enters the public market.”
“Customers are at the heart of what ServiceMax does – already, hundreds of companies across the globe have turned to ServiceMax to help them keep the world running,” said Field. “I’m thrilled to join ServiceMax at such an important time and provide guidance for the company’s customer success strategy as they look to take advantage of the massive opportunity that exists in the field service management market.”
Felicia Alvaro is the Audit Committee Chair of Cornerstone on Demand and was the Executive Vice President, Chief Financial Officer and Treasurer of Ultimate Software before she retired in 2020 after 22 years. In her role, she oversaw the financial aspects of the company’s largest acquisition, which took them global, and its sale as a public company to a private equity firm. Prior to Ultimate, Felicia spent 11 years in finance and accounting positions at Precision Response Corporation, Pueblo Xtra International, and KPMG.
Callie Field is the Executive Vice President and Chief Customer Experience Officer for T-Mobile. She joined T-Mobile more than fifteen years ago and currently leads a team of digital technologists and more than 30,000 customer experience-obsessed experts. As the executive sponsor of T-Mobile’s Multicultural Alliance network, she has dedicated herself to supporting the company’s Diversity, Equity and Inclusion efforts.
ServiceMax’s mission is to help customers keep the world running with asset-centric field service management software. As the recognized leader in this space, ServiceMax’s mobile apps and cloud-based software provide a complete view of assets to field service teams. By optimizing field service operations, customers across all industries can better manage the complexities of service, support faster growth and run more profitable, outcome-centric businesses. For more information, visit www.servicemax.com.
On July 15, 2021, ServiceMax announced plans to merge with Pathfinder to become a publicly traded company (the “Business Combination”). Consummation of the Business Combination is subject to customary closing conditions, including approval by Pathfinder’s stockholders.
This communication contains forward-looking statements within the meaning of section 27A of the Securities Act and Section 21E of the Exchange Act that are based on beliefs and assumptions and on information currently available to ServiceMax. In some cases, you can identify forward-looking statements by the following words: “may,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “project,” “potential,” “continue,” “ongoing,” “target,” “seek” or the negative or plural of these words, or other similar expressions that are predictions or indicate future events or prospects, although not all forward-looking statements contain these words. Any statements that refer to expectations, projections or other characterizations of future events or circumstances, including strategies or plans as they relate to the Business Combination or the consummation of the Business Combination itself, are also forward-looking statements. These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from the information expressed or implied by these forward-looking statements. ServiceMax cannot assure you that the forward-looking statements in this communication will prove to be accurate. These forward-looking statements are subject to a number of risks and uncertainties, including those included under the heading “Risk Factors” in the registration statement on Form S-4 filed by Pathfinder with the SEC and those included under the heading “Risk Factors” in the final prospectus filed by Pathfinder on February 18, 2021 relating to Pathfinder’s initial public offering and in its subsequent periodic reports and other filings with the SEC. In light of the significant uncertainties in these forward-looking statements, you should not regard these statements as a representation or warranty by Pathfinder, ServiceMax, their respective directors, officers or employees or any other person that Pathfinder and ServiceMax will achieve their objectives and plans in any specified time frame, or at all. The forward-looking statements in this communication represent the views of ServiceMax as of the date of this communication. Subsequent events and developments may cause that view to change. However, while ServiceMax may elect to update these forward-looking statements at some point in the future, there is no current intention to do so, except to the extent required by applicable law. You should, therefore, not rely on these forward-looking statements as representing the views of ServiceMax as of any date subsequent to the date of this communication.
Important Additional Information Regarding the Transaction Will Be Filed with the SEC
In connection with the Business Combination, Pathfinder has filed a registration statement on Form S-4 with the SEC that includes a prospectus with respect to Pathfinder’s securities to be issued in connection with the Business Combination and a proxy statement with respect to the stockholder meeting of Pathfinder to vote on the Business Combination. Stockholders of Pathfinder and other interested persons are encouraged to read the preliminary proxy statement/prospectus as well as other documents to be filed with the SEC because these documents will contain important information about Pathfinder, ServiceMax and the Business Combination. After the registration statement is declared effective, the definitive proxy statement/prospectus to be included in the registration statement will be mailed to stockholders of Pathfinder as of a record date to be established for voting on the Business Combination. Once available, stockholders of Pathfinder will also be able to obtain a copy of the S-4, including the proxy statement/prospectus, and other documents filed with the SEC without charge, by directing a request to: Pathfinder Acquisition Corporation, 1950 University Avenue, Suite 350, Palo Alto, California 94303. The preliminary and definitive proxy statement/prospectus to be included in the registration statement, once available, can also be obtained, without charge, at the SEC’s website (www.sec.gov).
Participants in the Solicitation
Pathfinder and ServiceMax and their respective directors and executive officers may be considered participants in the solicitation of proxies with respect to the potential transaction described in this communication under the rules of the SEC. Information about the directors and executive officers of Pathfinder and their ownership is set forth in Pathfinder’s filings with the SEC, including the final prospectus filed by Pathfinder on February 18, 2021 relating to Pathfinder’s initial public offering and in its subsequent periodic reports and other filings with the SEC. Additional information regarding the persons who may, under the rules of the SEC, be deemed participants in the solicitation of the Pathfinder stockholders in connection with the potential transaction can be found in the registration statement containing the preliminary proxy statement/prospectus filed with the SEC. These documents are available free of charge at the SEC’s website at www.sec.gov or by directing a request to: Pathfinder Acquisition Corporation, 1950 University Avenue, Suite 350, Palo Alto, California 94303.
No Offer or Solicitation
This communication is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the potential transaction and does not constitute an offer to sell or a solicitation of an offer to buy any securities of Pathfinder or ServiceMax, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act.