GPL Technologies, a leading provider of IT services to the media and entertainment industry, has appointed Hardy Parungao to its executive team as Chief Financial Officer and Chief Operating Officer. Parungao brings deep, executive-level experience in finance and strategic management across a range of industries, and most recently served as CFO of Infrascale, a California-based provider of cloud-based disaster recovery services.
In his new role, Parungao will work to expand GPL’s footprint across North America and extend its leadership position in media and entertainment IT. His responsibilities encompass day-to-day operations, financial management, strategic planning and human resources. His operational authority will cover each of GPL’s operating units, which include Managed Services, Infrastructure Solutions, VFXnow and Breed Staffing.
“The media and entertainment is in a period of rapid, dynamic evolution that is creating new opportunities for GPL and our customers,” said Brian Terrell. “Hardy will help us take advantage of those opportunities and deliver better value and higher quality service to our clients. He is a thoughtful and innovative leader with a proven talent for helping good companies grow faster and work smarter. We are very excited to welcome him to our team.”
Over the past ten years, Parungao has focused on spurring growth at technology companies involved in SaaS, HaaS, XaaS, eCommerce and sales to MSPs, VARs and OEM customers. He served as CFO of Infrascale for five years and led the company from start-up phase to become a high-growth leader in cloud-back up and file sharing with operations in Europe, Asia and Australia. Previously, he served as Senior Vice President, Finance for Countrywide/Bank of America heading its Application Development division. His background also includes leadership roles with Cardinal Health, Fortune Brands, Black and Decker, PepsiCo and Coca-Cola. He began his career as a certified public accountant and auditor with Arthur Andersen & Co.
In discussing his move to GPL, Parungao said he was attracted by its growth potential. “I like to help companies achieve their goals,” he said. “GPL is a strong company with a well-defined niche and I want to help build it into a world-class company. It is in a challenging industry with a lot of players but our goal is to achieve a competitive advantage and a dominant position in our market.”
Parungao was born in the Philippines and emigrated to the United States in 1994. He earned his MBA at California State University, Northridge. In his personal life, Parungao has a deep commitment to animal welfare and has been actively involved in animal rescues.