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David Virnelli
Head of Corporate Development - Strategy Executive
David Virnelli is a distinguished corporate development and strategy leader with a rich background spanning over twenty years in the industry.
He has a proven track record of successfully orchestrating transformative business strategies by collaborating with business unit presidents and c-suite leaders.
With over $12B worth of strategic acquisitions, divestitures, outsourcing transactions, joint-ventures, and partnerships under his belt, David has a wealth of experience in driving business growth and profitability.
Noteworthy achievements include spearheading Epicor's M&A initiatives, overseeing multiple strategic acquisitions like Majure Data, 1 EDI Source, and MechanicNet, which significantly boosted Epicor's revenue growth and profitability.
During his tenure at Staples, David facilitated over $1B in strategic acquisitions and divestitures, including acquiring companies like RUNA, Loansource, PNI Digital Media, and APG, while also divesting non-core business divisions.
His leadership at IBM was marked by executing over 20 strategic acquisitions, totaling $10B in deal value, to steer IBM towards becoming a software and services leader.
Key acquisitions during his time at IBM included the $5B acquisition of Cognos and the $1B acquisition of Ascential Software, positioning the company strongly in the market.
David's proficiencies span across various areas such as mergers & acquisitions, divestitures, alliances, strategy development, deal origination, negotiations, financial analysis, operational planning, and post-merger integration.
He holds an impressive educational background with degrees and certifications from renowned institutions like MIT Sloan, University of Chicago Booth School of Business, and Boston College Law School.
Furthermore, his leadership roles at organizations like CCC Intelligent Solutions, OpenText, Epicor Software, Staples, and Misys showcase his expertise in driving corporate development and strategy at the global level.
His diverse skill set and extensive experience make him a sought-after professional in the corporate world.