Blackbaud announced it has extended President and CEO Mike Gianoni’s employment contract for an additional three years.
The new arrangement extends Gianoni’s service through December 2025. Gianoni has been with Blackbaud since January 2014.
“We are very pleased to extend Mike Gianoni’s service and retain his continuity of leadership as president and CEO of Blackbaud,” said Andrew M. Leitch, chairman of the board, Blackbaud. “For the past nine years, Mike has proven his adept ability to drive value for the company’s stakeholders—customers, employees and shareholders alike—while scaling market expansion and leading the company through several periods of growth and change.”
During Gianoni’s tenure, he has helped Blackbaud integrate and simplify its core product portfolio, while transitioning to the Blackbaud SKY® platform and standing up a first-class customer success program. Blackbaud has grown its payments business exponentially and expanded its total addressable market through the strategic acquisitions of JustGiving, YourCause and EVERFI, among others. In addition, Gianoni led the company in the transition to a remote-first workplace, helping establish a thriving culture with flexibility and benefits that attract top talent.
“In addition to continuing to push forward on product innovation and customer outcomes, I look forward to driving accelerated revenue growth and meaningful margin expansion over the next several years, as we execute on our long-term goal of achieving the Rule of 40,” said Gianoni. “We are now targeting the Rule of 40 within the next three years, by the end of 2025, with a goal of achieving at least a 33 on the Rule of 40 in 2023.”
Blackbaud (NASDAQ: BLKB) is the world’s leading cloud software company powering social good. Serving the entire social good community—nonprofits, higher education institutions, K–12 schools, healthcare organizations, faith communities, arts and cultural organizations, foundations, companies and individual change agents—Blackbaud connects and empowers organizations to increase their impact through cloud software, services, expertise and data intelligence.