Ottawa’s Corel names software vet Brad Jewett as CFO

Corel

Ottawa-based Corel is turning to a new chief financial officer with more than two decades in software to guide its M&A strategy.

Brad Jewett joins the software firm’s Texas outpost after a career in tech spanning many large American firms including Microsoft and, most recently, OpenLink. Mr. Jewett remains on the alumni board of directors at his alma mater, the Vanderbilt Owen Graduate School of Management.

"Brad's extensive experience will be essential in driving our growth as we continue our success in securing high-value M&A opportunities and undertake new strategic projects. With his solid track record and proven leadership in the software industry, we're pleased to have him join Corel's leadership team," said CEO Patrick Nichols in a statement.

The CFO role at Corel is a different beast than it was a decade ago, as the firm was privatized in 2010 following a four-year run on the public markets. Mr. Jewett has experience in this process, as he helped to transition billion-dollar company BMC Software from a listing on the NASDAQ to a private firm.

Once one of the city’s largest software firms and sponsor of the Ottawa Senators’ arena, Corel’s local footprint has shrunk over the years.

Mr. Nichols was named CEO in 2015 and told OBJ last year that he was looking to grow the company through acquisitions.