The financial services technology firm Orion has restructured its board of directors into two distinct entities, including a “focused” board that includes members of its two private equity owners and a new advisory council consisting of a number of former top executives, including its founder, Eric Clarke.
Charles Goldman, chairman of the Orion board, confirmed the news for ThinkAdvisor in a written statement. It was first reported by Citywire.
The new advisory council features what Goldman called “visionary” former Orion executives. In addition to Clarke, these include Noreen Beaman, who was CEO of Brinker Capital prior to its acquisition by Orion, and Brian McLaughlin, CEO and co-founder of Redtail, which is also now part of Orion.
“This change strengthens the company’s operational expertise, leveraging the council’s pioneering industry leadership to further Orion’s mission to build a wealthtech community where every advisor and investor thrives,” Goldman said.
All three former executives also offered written comments to ThinkAdvisor.
“Founding Orion in 1999 was a defining chapter in my life,” Clarke said. “While I’ve transitioned from the board to Orion’s advisory council, my commitment to the company remains as strong as ever. I’m still in the huddle, just playing a different position.”
Beaman noted that serving on the advisory council will enable her to “focus more deeply on Orion’s operations, engage in meaningful discussions, and collaborate with leadership to shape innovative ideas for the future.”
McLaughlin said his commitment to Orion and its mission “remains unwavering,” adding that he will continue to be deeply involved in supporting the company’s strategic direction and championing the advisor community.
Pictured: Eric Clarke
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