Benefitfocus named a new chief financial officer Wednesday who will come to Charleston this summer after a decade at an Atlanta software company.
Dennis Story will join the Daniel Island-based developer of benefits management software in July. He will replace Milton Alpern, who retired last month.
Story, 52, has held finance roles at several tech companies. Most recently, he was CFO at the Atlanta-based supply chain software company Manhattan Associates, where he worked for a decade.
“His extensive financial expertise and leadership will be an excellent addition to the team as we continue to scale our platform,” Benefitfocus chief executive Shawn Jenkins said in a statement.
Story will earn a base salary of $400,000, and he’ll be eligible for incentives, with a target bonus of $300,000, according to a regulatory filing. In return for joining Benefitfocus, Story will also receive nearly 120,000 shares of stock over the course of several years; based on Wednesday’s closing price, those shares would be worth nearly $4.5 million.
Alpern, who helped guide the company through its 2013 initial public offering, still works with Benefitfocus as a consultant. Ray August, chief operating officer, will fill in as chief financial officer until Story starts.
Reach Thad Moore at 843-937-5703 or on Twitter @thadmoore.