Ives arrives with a mandate to refine financial strategy and support the company’s efforts to modernize complex manufacturing operations. His track record includes overseeing a tenfold increase in revenue during his tenure at Prometheus Group, a background iBase-t CEO Naveen Poonian identified as critical for the next phase of the firm's growth. The company, which provides AI-native software to aerospace and defense giants like Northrop Grumman and Rolls-Royce, intends to use this leadership addition to sharpen its focus on the Solumina platform.
iBase-t Appoints Former Prometheus CFO Michael Ives to Board
Michael Ives, the former chief financial officer of Prometheus Group, has joined the board of directors at iBase-t. The appointment aims to leverage his two decades of experience in scaling industrial software firms as the Lake Forest-based company seeks to accelerate the expansion of its digital manufacturing platform.
For his part, Ives pointed to the company’s specialized industry expertise as the primary driver behind his decision to join the board. He intends to apply his experience in navigating private equity partnerships to help scale the business, ensuring the software suite maintains its competitive edge within the highly regulated manufacturing sector.
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