Alfi Welcomes New Board Members

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Alfi is excited to announce the appointment of two of its newest members to the company’s board of directors, effective November 1, 2021.

Joining the board are Patrick Dolan and Allen Capsuto. In addition to his new membership role, Capsuto will also serve as the Chairman of the Audit Committee.

“We are excited to welcome Patrick and Allen to our board of directors as we continue our journey of delivering a more dynamic experience for both advertisers and consumers alike. They bring decades of leadership in key areas, such as advertising, finance, strategy implementation, and technology development, that are vital to our future operations and growth strategy,” said Peter Bordes, Interim CEO and Board Member. 

“We’re confident that they will be outstanding independent directors, bringing relevant experience and perspectives in areas essential to our business and governance and making the interests of our shareholders and stakeholders a priority as we further advance our vision of combining artificial intelligence and edge computing together to create the best digital-out-of-home advertising platform.”

These new board members are excited to share key insights and strategies to help shape the future of Alfi as it gets ready for a new and exciting phase. 

More About Patrick Dolan

Patrick Dolan comes to his new role with a wealth of valuable industry experience and knowledge.

Former President and COO of the Interactive Advertising Bureau (IAB), Dolan was with the IAB for 13 years – from September 2007 through January 2021. As the trade association for the digital marketing and media industry, the IAB develops industry standards, conducts research, and provides industry representation in Washington, D.C. 

During this time, Dolan founded its Data Council and Data Center of Excellence, co-founded its Video and Mobile Centers of Excellence, and was a founding executive board member of the IAB Tech Lab. He helped expand the Digital Content NewFronts – the world’s largest digital content marketplace – and established the IAB Podcast Upfronts and IAB’s Digital Sales Certification Program. 

Dolan joined the IAB in 2007 as its Senior Vice President and Chief Financial Officer, after serving in leadership roles at the advertising technology company, DoubleClick (later acquired by Google), and  Hearst/Cisneros joint venture cable channel, Locomotion. Dolan was responsible for spinning off the channel – which aired in 15 countries – and selling it to Sony. 

While at DoubleClick, Dolan established their international headquarters in Dublin and integrated Oracle Financials into the Dynamic Advertising, Reporting, and Targeting (DART) digital ad serving platform.  He also participated in pioneering work on behavioral retargeting, developing digital marketing segments based on clickstream data and other data-driven behavioral advertising products.  

He was subsequently promoted to IAB’s Executive Vice President and Chief Operating Officer, and in 2017 was named President of the association. Mr. Dolan received his BA in Economics from the University of Virginia and his MBA from Virginia Commonwealth University. Currently, Dolan sits on Alfi’s board and provides advising and consulting services. 

More About Allen Capsuto

Since 2015, Capsuto has served as a Managing Director of Everest Group International, LLC, which provides stakeholder services in the areas of Professional Advisory, Mergers, and Acquisitions. 

He is also the founder and principal of Capsuto Consulting LLC, which provides consulting services for high-net-worth individuals. From 2002 to 2007, Capsuto served as Executive Vice President and CFO of Magnatrax Corporation, a custom-engineered metal building systems provider for the North American non-residential construction market. 

Additionally, he has served on the Board of Directors of QualServ Corporation (Chairman), Champion Homes (Audit Chair), CCLM Holdings (Chairman), Euramax (Compensation Committee), Magnatrx China JV-steel company, EquipMD (Chairman), and as the sole Trustee of the Magnatrax Shareholders Liquidity Trust. 

Capsuto received his BS in Computer Science and Mathematics from the University of Illinois – Chicago and his MBA from Roosevelt University. He is the latest appointment to Alfi’s board, in addition to his role as Chairman of the Audit Committee. 

Alfi is thrilled to welcome its newest board members, as it looks to the future with the newest and most exciting phase still to come. 

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