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RadiusAI Welcomes Mark Schonau as Chief Financial Officer

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[Tempe, AZ, April 17th, 2024] — RadiusAI, a leading provider of AI-powered solutions for retail optimization, is pleased to announce the appointment of Mark Schonau as Chief Financial Officer. Mark brings a wealth of experience and expertise in financial management and strategic planning to the RadiusAI team.

With over thirty years of experience in finance and accounting, Mark has a proven track record of driving growth and operational efficiency in dynamic business environments. His extensive background includes leadership roles in publicly traded, venture and private equity held companies across various industries. Before joining RadiusAI, Mark served as the CFO for several high-profile companies, where his strategic initiatives significantly propelled growth, operational efficiencies, and investor returns. His tenure at Matrix Medical Network, Axway and CyCare Systems, among others, underscores his adeptness in M&A, financial modeling, and transitioning business models to adapt to the evolving digital/SaaS landscape.

”We are thrilled to welcome Mark to RadiusAI as our new CFO,” said Aykut Dengi, CEO of RadiusAI. “His deep understanding of financial management and forecasting will be invaluable as we continue to expand our presence in the retail technology market and drive sustainable growth.”

In his role as CFO, Mark will be responsible for overseeing all financial operations at RadiusAI, including financial planning and analysis, financial reporting, treasury management, risk management, and procurement. He will play a key role in guiding the company’s financial strategy and supporting its long-term growth objectives. Mark’s profound experience includes leading companies with a flawless record in regulatory compliance and overseeing transactions exceeding $1.5 billion during his career.

"I am excited to join the talented team at RadiusAI and help drive the company's continued success," said Mark Schonau. "I believe RadiusAI is well-positioned for growth, and I look forward to contributing to its strategic initiatives and delivering value to its customers and stakeholders."

Mark holds a Bachelor of Science degree in Accounting from Arizona State University, started his career at Ernst & Young, and is a licensed CPA in the state of Arizona.

About RadiusAI: RadiusAI is a leading provider of next-generation retail solutions, offering cutting-edge technology in AI self-checkout, digital transformation, and retail analytics. With a mission to revolutionize the retail industry, RadiusAI is committed to delivering innovative solutions that empower businesses to thrive in an ever-evolving marketplace.

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