Marc Suidan
About
Detail
Chief Financial Officer
Los Altos, California, United States
Résumé
Jobs
verified_user
0% verified
Chief Financial OfficerBackblazeAug 2024 - Current (2 years 1 month)Backblaze's mission is to make customers unstoppable by solving their toughest data storage challenges. Our vision is to be the storage backbone of a data-driven world. • Serve as the Chief Financial Officer at Backblaze, overseeing financial strategy and operations. • Drive initiatives that enhance financial performance and operational efficiency in a fast-paced startup environment. • Collaborate with cross-functional teams to support innovative cloud storage solutions for over 500,000 customers globally.- Chief Financial OfficerThe Beachbody CompanyApr 2022 - Aug 2024 (2 years 5 months)• Provided strategic and financial governance for The Beachbody Company, a publicly-traded entity with ~$527M in revenue. • Led a team of 50 across Accounting, Finance, Investor Relations, and Tax, enhancing operational efficiency. • Restructured Finance leadership and implemented Robotics Process Automation, achieving a 40% cost reduction. • Developed a strategic renewal plan, resulting in over $250 million in cost benefits and a cash flow positive status.
- PartnerPricewaterhouseCoopersJan 2005 - Apr 2022 (17 years 4 months)• Served as a trusted strategic advisor to corporate and private equity clients across various technology sectors. • Advised on over 100 deals, with values exceeding $250B, focusing on strategy, diligence, integration, and transformation. • Led teams to empower and support their best work, fostering an inclusive and thoughtful environment. • Specialized in finance transformations, digital transformation, and large-scale M&A initiatives.
- QCFOQuebecCommercecomMay 2003 - Sep 2010 (7 years 5 months)Leveraging a strong entrepreneurial DNA, I am also experienced in building tech ventures from the ground-up as the co-founder of 2 Internet ventures with successful exits, including Oisin Systems and this company, where I played an instrumental role in growing the business four-fold by launching a subscription model, optimizing the marketing SEO campaign, and implementing a competitive pricing model. Handled all aspects of Finance, Accounting, FP&A, Treasury, Taxes, Billings, Receivables and Payables.
- FAssistant-director, venture philanthropyFondation ChagnonMar 2002 - Dec 2004 (2 years 10 months)Built an internal consulting team of 4 and Responsible for the annual strategic planning cycle. Led aggressive scale-up of an operation with over 300 employees and reaching over 60,000 students per week in the Health Services and Education space. Developed internal management reporting framework and quarterly board dashboard.
- AssociateMcKinsey CompanyJan 2000 - Jan 2002 (2 years 1 month)McKinsey & Company is the trusted advisor and counselor to many of the world's most influential businesses and institutions. As an associate, I was a member of the firm’s Technology Accelerator practice where we helped large corporates setup their internal New Ventures, or launch a Corporate Venture Capital division. Also worked in the Corporate Finance practice, helping several companies with fundraising and building the case for inorganic growth. This included a market assessment, target identification, synergy modeling and deal structuring.
- OCo-founder, CFOOisin SystemsJan 1999 - Jan 2001 (2 years 1 month)
- CControllerCedar FoodsJan 1992 - Sep 1995 (3 years 9 months)Implemented financial systems and subledgers, including inventory management, invoicing, receivables and payables.
Education
verified_user
0% verified
- MBA, Strategy and e-commerceNorthwestern University Kellogg School of Management
- Bachelor of Commerce, Finance and accountingMcGill University
Projects (professional or personal)
verified_user
0% verified
Awards
verified_user
0% verified
- hThe Top 25 CFOs of San Francisco for 2023httpsthetopcfoscomthetopcfosofsanfranciscoforFinance and Investing is pleased to announce The Top 25 CFOs of San Francisco for 2023. Dubbed as “The Golden Gate City,” San Francisco is usually known for its rich and diverse history, landmarks, and colorful neighborhoods. But its robust technology sector also comprises some of the largest technology companies in the world, boasting famous venture capital firms, a thriving startup scene, and a hub for other prominent industries, including finance, tourism, and media production. Many of our award recipients hold executive finance positions at companies such as QuantumScape, Discord, Springboard, Quora, and TaskRabbit, contributing to the economic growth of not only San Francisco, but of California and the U.S. as well. Among this year’s
- hCFO Awards 2024 FinalistshttpslabusinessjournalcombusinessjournaleventscfoawardsfinalistsTURNAROUND ACHIEVEMENT CFO OF THE YEAR FINALISTS At Beachbody, Marc Suidan has led a massive cost restructuring that has reduced the revenue break even from over $900 million to under $500 million. Impressively, and under Suidan’s guidance, the company created $250 million of cost savings in two years on a revenue base of $527 million in 2023. This was all accomplished without negatively impacting the company’s growth prospects. Under Suidan’s fiscal stewardship, the organization has been launching numerous revenue-generating initiatives that are repositioning the company to grow at much lower sales and marketing costs, including a new freemium model and the ability to purchase the content without being limited to a subscription-only model
- hThe Top 25 Data CFOs of 2025httpsthetopcfoscomthetopdatacfosofTop CFOs is pleased to announce The Top 25 Data CFOs of 2025. These leaders go beyond traditional finance roles, managing complex data ecosystems and making strategic financial decisions that ensure scalability, security, and compliance across data infrastructures. As organizations embrace cloud solutions, AI, and real-time data analytics, these CFOs are crucial in aligning financial strategies with the speed of technological change, helping companies stay competitive in an increasingly data-centric world. As the financial architects of their companies, these CFOs drive critical investments in data infrastructure, ensure profitability while mitigating risks, and empower their teams to innovate with agility. With data at the core of everyth
Publications
verified_user
0% verified
- OLeveraging Technology in EducationOCTIn recent years, a vision to transform, revamp and retool education through technology has emerged and several classrooms around the country are ushering in this new and necessary phase in education. While the potential benefits of effective Educational Technology (EdTech) employment are invaluable, the challenges of navigating this uncharted territory and the high monetary cost of failure at the expense of student learning warrant a close examination. PwC initiated this project to help the public, specifically school districts, benefit from lessons learnt in other technology projects across the nation and our proposed framework for effective EdTech implementation.
- PFinance M&A function and its increasing importance in the deal processPwC US Retail Consumer MA Insights Nov
- PThe Eyes of the CFO: finance M&A functionPwC Apr
- CBeyond cost-cutting: Zero-based budgeting as a strategic growth toolCFOcom JanBy strategically implementing zero-based budgeting, CFOs can help their firms find the resources to fuel transformation while building a foundation for sustainable growth.
- WWhen M&A Doesn’t Amount To A Hill Of Beans In This Crazy WorldWSJ Blogs Venture Capital Dispatch
- MHow can TMT companies supercharge go-to-market payoff from acquisitions?Marc Suidan MayAcquirers often fall short on key goals for their largest deals. Five measures can help companies do better. Tech, media and telecom (TMT) companies aim high on major acquisitions, which frequently command high valuations. But most don’t fully meet their post-acquisition goals of increasing market share, accessing new markets and achieving revenue and cost synergies. PwC’s 2020 M&A Integration Survey, combined with PwC analysis, highlights key obstacles that dealmakers face while also indicating a path forward: measures to supercharge go-to-market payoff; boost innovation; retain talent; and create a structured program to capture synergies, improve change management and align cultures.
- CThe 6 a.m. CFO: How Backblaze’s Marc Suidan starts his dayCFOcom AugMarc Suidan shares the importance of challenging people to speak their minds, why it’s critical to invest time in team building and competing in a trail-blazing way.
- PAddressing BPSI earlier in deals accelerates integration, realizes synergies and maintains business momentum’PwC Technology MA Insights Q Mar
- PPwC Technology M&A Insights, Q1 2013
- PFinance Integration Point of ViewPwC Jan