Board of Directors

John N. Fox, Jr.

Mr. Fox has been a director since April 2005. He is Chairman of the Board, Chair of our Management Development and Compensation Committee and a member of our Corporate Governance and Nominating Committee. As Chair of the Board, he is also an ex-officio member of the Finance and Strategy Committee. From 1998 to 2003, Mr. Fox served as a Vice Chairman of Deloitte & Touche and the Global Director, Strategic Clients for Deloitte Consulting. He held various other positions with Deloitte Consulting from 1968 to 2003, and served on the board of Deloitte Touche Tohmatsu from 1998 to 2003. Since 2007, Mr. Fox has been a director of Cognizant Technology Solutions Corporation, is the current Chairman of its Compensation Committee and serves on the Nominating and Governance Committee. Mr. Fox received his B.A. degree from Wabash College and his MBA from the University of Michigan.

Scott M. Clements

Scott M. Clements is OneSpan’s Chief Executive Officer and President. Scott has extensive experience in leadership roles in the technology industry with a strong focus on developing and deploying successful business strategies that integrate customer needs and technology innovation. Before joining OneSpan, Scott spent eleven years at Tyco International where he most recently served as Corporate Senior Vice President, Business Development focused on technology acquisitions. Prior to that, Scott served as President of Tyco Retail Solutions and also as Tyco's Chief Technology Officer. Before joining Tyco, Scott spent a decade at Honeywell International in domestic and international financial and operational leadership roles. Scott received a bachelor's degree in chemical engineering and advanced process control from The Ohio State University and an MBA in finance and corporate strategy from the University of Michigan in Ann Arbor.

Marc D. Boroditsky

Mr. Boroditsky has been a director since June 2019 and currently serves a one-year term. He is a member of our Corporate Governance and Nominating Committee and Management Development and Compensation Committee. Mr. Boroditsky is the Chief Revenue Officer at Twilio Inc. His previous positions at Twilio since February 2015 include Senior Vice President of Sales and Vice President and General Manager of Authentication Solutions. Prior to Twilio, Mr. Boroditsky was President and COO of Authy, a software authentication company, from September 2014 until it was acquired by Twilio in February 2015. Prior to Authy, Mr. Boroditsky was Vice President of Identity and Access Management at Oracle. Mr. Boroditsky has more than 30 years of experience with technology companies. He has founded and financed four software companies in electronic medical records, authentication and identity management. He successfully sold Authy to Twilio and Passlogix to Oracle.

Garry Capers

Mr. Capers has been a director since April 2021. He is a member of the Corporate Governance and Nominating Committee and Finance and Strategy Committee. Mr. Capers is Division President, Cloud Solutions at Deluxe Corporation, since September 2019, where he has full financial and operational responsibility for the company’s software as a service, or SaaS, solutions primarily targeted at end markets in the financial services industry. In his role, Mr. Capers has reorganized a portfolio of more than three dozen acquired companies into four product lines and positioned the business for growth by divesting underperforming assets and expanding growth products into new markets. Prior to joining Deluxe Corporation, Mr. Capers held executive leadership roles with Automatic Data Processing, Inc., from January 2017, and with Equifax Inc., from December 2007. While at Equifax Inc., Mr. Capers led the formation of a new business unit within the fraud and identity management space. Prior to Equifax Inc., Mr. Capers was a management consultant at Bain & Company. Mr. Capers holds a Bachelor of Arts in Business Administration from Morehouse College and a Master of Business Administration in Marketing from The Wharton School at the University of Pennsylvania.

Sarika Garg

Ms. Garg has been a director since June 2021. She is a member of the Corporate Governance and Nominating Committee and Finance and Strategy Committee. Ms. Garg has served as Co-founder and Chief Executive Officer at Cacheflow Inc., a B2B embedded finance company currently in stealth, since October 2020. She is also a strategic advisor to Tradeshift Inc., where she previously served as Chief Strategy Officer responsible for product and go-to-market. Tradeshift is a cloud network and platform for supply chain payments, marketplaces and apps. During her tenure from 2015 through 2020, she helped Tradeshift grow from a small 100-person startup in 2015 to a leader currently valued at a $2.7B valuation. Before joining Tradeshift, Ms. Garg led product management for Ariba Network, following its acquisition by SAP SE. Ms. Garg started her career at SAP SE, a multinational software corporation, where she spent over 10 years. She has been recognized as one of the Top 50 Women Leaders in SaaS by The Software Report in both 2018 and 2019 and is a member of the Forbes Business Development Council.
 

Jean K. Holley

Ms. Holley has been a director since August 2006 and currently serves a one-year term. She is Chair of the Corporate Governance and Nominating Committee and a member of the Audit Committee. Ms. Holley served as Group Senior Vice President and Chief Information Officer for Brambles Limited, the global leader in supply chain and logistic solutions, from September 2011 until her retirement in July 2017. From April 2004 until August 2011, Ms. Holley served as the Executive Vice President and Chief Information Officer for Tellabs, Inc., a company that designs, develops, deploys and supports telecommunications networking products around the world. Ms. Holley previously served as the Vice President and Chief Information Officer for USG Corporation from 1999 to 2003. Prior to that, she served as Senior IT Director for Waste Management, Inc. Since August 2017, Ms. Holley has been a director of Herc Holdings Inc., and serves on the Audit and Financing Committees. Ms. Holley holds a B.S. in Computer Science/Electrical Engineering from Missouri University Science & Technology, and a M.S. in Computer Science/Engineering from Illinois Institute of Technology in Chicago.

Marianne Johnson

Ms. Johnson has been a director since March 2020. She is a member of the Audit Committee and Finance and Strategy Committee. Ms. Johnson has been the Executive Vice President and Chief Product Officer at Cox Automotive, one of the largest automotive services companies in the world providing cloud-based technology and other solutions for the automotive wholesale and retail marketplace, since June 2018. Prior to Cox Automotive, Ms. Johnson was the Senior Vice President and Head of Product and Technology at First Data Corporation from May 2015. Ms. Johnson has more than 30 years of experience in technology and business model innovation with expertise in product management, marketing, data analytics, artificial intelligence, competitive analysis and commercialization.

Michael McConnell

Mr. McConnell has been a director since June 2021. He is a member of the Finance and Strategy Committee and Management Development and Compensation Committee. Mr. McConnell currently serves on the board of Vonage Holdings Corp. (Nasdaq: VG), a cloud communications provider, where he has served since 2019. He also serves as Chairman of the Board of Adacel Technologies Limited (ASX: ADA), a developer of air traffic management systems and technology, and previously served as a member of the board of directors beginning in 2017. Mr. McConnell’s prior board experience includes serving on the board of SPS Commerce, Inc. (Nasdaq: SPSC), a provider of cloud-based supply chain management services, from 2018 through 2019, and Spark Networks SE (NYSE: LOV), a leader in affinity-based online subscription dating networks, from 2014 until the company was sold in 2017. He also served as Spark Network’s interim executive chairman and chief executive officer during 2014, and he served as a non-executive director and as executive chairman of Redflex Holdings Ltd. (ASX: RDF), a provider of intelligent transport system solutions and services. Mr. McConnell also previously served on the board of Guidance Software, Inc. (Nasdaq: GUID), a global provider of forensic security solutions, from 2016 until the company was sold in 2017. He has also served on numerous other public and private company boards in the United States, Australia, New Zealand and Ireland. He is the former Managing Director of Shamrock Capital Advisors, a private investment company managing private equity and hedge funds.
 

Alfred Nietzel

Mr. Nietzel has been a director since November 2020. He is the Chair of the Audit Committee and a member of the Finance and Strategy Committee. Mr. Nietzel is a board member of Cerence Inc., a global cloud software company that provides AI-powered assistants and innovations for connected and autonomous vehicles, as well as Baxter Credit Union, one of the largest credit unions in the United States. He has served in executive finance roles for 16 years including most recently as Chief Financial Officer of CDK Global, Inc., a leading provider of software and information technology solutions to the automotive retail sector, from 2014 to 2017. Prior to that, he was with Automatic Data Processing, Inc. since 2001 and served as Chief Financial Officer for the Dealer Services Division, Chief Financial Officer for the Employer Services Division and ADP’s Corporate Controller.  Prior to joining ADP, Mr. Nietzel served for 17 years with Proctor & Gamble Inc. in numerous financial management roles. Mr. Nietzel holds a bachelor’s degree in Accounting and Finance from Eastern Illinois University.

Marc Zenner

Dr. Zenner has been a director since June 2019 and currently serves a one-year term. He is the Chair of the Finance and Strategy Committee and a member of the Audit Committee. Dr. Zenner was an investment banker for 10 years at J.P. Morgan until September 2017. Prior to J.P. Morgan, he was an investment banker for six years at Citigroup. At J.P. Morgan, Dr. Zenner was a Managing Director and Global Co-Head of Corporate Finance Advisory. At Citigroup, he was a Managing Director and Global Head of the Financial Strategy Group. In addition to investment banking, Dr. Zenner had a distinguished career as a professor where he taught undergraduate, MBA and PhD students in finance at the University of North Carolina Chapel Hill, Kenan-Flagler Business School. He received numerous awards for his teaching and is the author of a wealth of academic and business articles. Dr. Zenner is originally from Belgium where he received an undergraduate degree in business engineering from the Katholieke Universiteit in Leuven. He then received an MBA from City University in London, U.K., and a Ph.D. in Financial Economics from Purdue University in West Lafayette, Indiana where he was a Fulbright Scholar. Dr. Zenner currently serves on the board of directors of Sentinel Energy Services where he is the Chairman of the Audit Committee and a member of the Nominating and Corporate Governance Committee. Dr. Zenner also provides strategic advice to various public and private companies.