Arkestro Welcomes New Industry Leaders to Its Executive Advisory Board
Arkestro Welcomes New Industry Leaders to Its Executive Advisory Board
Arkestro, recognized as the leading Predictive Procurement Platform, has made headlines with the recent addition of two esteemed professionals to its Executive Advisory Board. This significant move is aimed at further strengthening the company's strategic objectives and encouraging continuous innovation in the procurement landscape.
Among the new appointees, Robert C. Turnham, Jr. and Bobby Tudor stand out with their rich backgrounds in the energy sector and leadership roles in notable companies. Both are anticipated to play crucial roles in guiding Arkestro as it explores its next growth phase.
A New Era of Advisory Leadership
Robert Turnham, currently the President and Director of Goodrich Petroleum Corporation, brings a wealth of experience from his previous position as President at Liberty Production Company, an upstream oil and gas entity. His insight into unconventional oil and gas reserves in Texas and Louisiana will be invaluable for Arkestro as it expands its influence in the technology-driven procurement space. Turnham has also been a guest commentator on major outlets, including CNBC and Bloomberg, providing his expert perspective on industry trends.
Bobby Tudor, the Founder and CEO of Artemis Energy Partners, has a storied career in energy finance, having led Goldman Sachs's global energy practice before establishing Tudor, Pickering, Holt & Co. His expertise in advising energy companies across various sectors is expected to be instrumental for Arkestro in navigating the complex challenges of modern procurement.
Commitment to Innovation
Arkestro’s CEO, Rob DeSantis, expressed enthusiasm about the strategic appointment of Turnham and Tudor. He emphasized the importance of leveraging their extensive experience as Arkestro seeks to maintain its competitive edge in the procurement technology driven by artificial intelligence. DeSantis stated, _"We are honored to welcome Robert and Bobby to our advisory board. Their expertise will help drive our mission to enable enterprises to unlock savings, mitigate supply chain risks, and enhance operational efficiencies.”_
Turnham echoed this sentiment, highlighting the transformative potential of Arkestro's technology. _“Procurement can become not just a functional area but a strategic driver of business success using AI technologies,”_ he noted. His comment underscores the growing recognition of procurement as a vital component of enterprise performance.
Driving Procurement Forward
Arkestro's platform employs an innovative blend of AI, game theory, and behavioral science to revolutionize sourcing cycles and supplier collaboration. Achieving an average cost reduction of 18.8% across various expenditure categories, Arkestro enables companies to manage three times the spend with existing resources.
This progressive approach positions Arkestro as a leader in transforming procurement departments from traditional, reactive functions to proactive strategies focused on delivering value and efficiency. Bobby Tudor's comments reflect a similar perspective, showcasing his excitement about technology-driven solutions that can enhance operational response to challenges faced by procurement teams.
Future Outlook
As both new advisory members prepare to lend their expertise, Arkestro is set to embark on an ambitious journey aimed at expanding its impact in the procurement sector globally. With a focus on solidifying its status as a leader in AI-driven procurement technology, Arkestro continues to seek innovative pathways that deliver measurable results for businesses.
Arkestro has garnered recognition for its leadership within industry circles, recently earning mentions in Gartner’s 2024 Hype Cycle as a notable player in Autonomous Sourcing and Procurement Services. By harnessing the combined strengths of its advisory board members, Arkestro is poised to continue its trajectory of innovation and growth, ultimately enhancing its influence across various sectors.
For more information about Arkestro’s Executive Advisory Board and its unique approach to procurement, visit www.arkestro.com/executive-advisors.
Topics Business Technology）
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