David FogelManaging Director
Mr. Fogel’s is a Managing Director of Swifton CFOs, an outsourced CFO firm that works with emerging businesses to make it affordable to have a senior level financial partner without the cost of the full-time expense. His core competencies include global financial strategic planning, venture/private equity financing, profit maximization, forecasting/budgeting, and operations management.
As a contributor to the ongoing development of greater Boston’s entrepreneurial ecosystem, in the last year alone he has been an active presenter and panelist with MassChallenge, CleanTech Open, WPI Venture Forum, McCarter English Series on Entrepreneurship, Harvard Entrepreneurship Conference, 128 Innovation Capital Group, MIT Enterprise Forum Smart Start Program, Startup Leadership, The Capital Network and the MIT Entrepreneurial Teams (MIT e-Teams). He is also an active member of MassMEDIC, MIT Entrepreneurial Forum, Beacon Angels, TiE Angels and Mass Medical Angels.
He possesses over 26 years of senior financial management experience in various capacities for a variety of high technology related companies, including GSI Lumonics, Lilliputian Systems, RNK Communications, and Core-M, Inc. Most recently Mr. Fogel was the CFO of the healthcare IT consulting firm Beacon Partners, and previously was Vice President of Finance and Treasurer at Webgen Systems, Inc., a provider of advanced solutions for building energy management, controls and conservation.
During his career he has had full financial profit and loss responsibility for up to $128 million in revenue. While at GSI Lumonics he was financially responsible for a life sciences/bioinformatics startup that sold for $120 million. The business expanded from startup to $20 million sales in three years and was profitable after the first year. Mr. Fogel’s core competencies include global financial strategic planning, venture/private equity financing, profit maximization, forecasting/budgeting, and operations management.
David is Adjunct Instructor of Finance and Accounting in the MBA program at Worcester Polytechnic Institute. David is also a licensed Certified Public Accountant (CPA). David has a BS from Miami University (Ohio), and a MBA from the University of Cincinnati. His earnest commitment and collaborative approach has earned David the respect of the business community and a wealth of contacts.