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Stephen Swad

Chief Executive Officer

Stephen Swad was named president and chief executive officer of Rosetta Stone in 2012 and has served on its Board of Directors since that time. Under his direction, Rosetta Stone has expanded its leadership position in the Education Technology industry, launching innovative language and literacy solutions that serve consumers, educators and businesses all over the world.

Previously, Steve served as Rosetta Stone's chief financial officer, directing all accounting, finance, and investor-relations activities and overseeing the company's information technology and global distribution and fulfillment functions.

Prior to joining Rosetta Stone in 2010, Steve was CFO at Comverse Technology. Before that, he was CFO for both Fannie Mae and AOL, and he held senior financial and operational management positions with Time Warner and its subsidiaries. Steve has also been a partner at KPMG and served as deputy chief accountant at the US Securities and Exchange Commission.

Steve's career highlights include transforming business models, launching new businesses, identifying, acquiring and investing in strategic assets, and overseeing and expanding international operations. He is a Trustee of the Committee for Economic Development and a member of STEMConnector's 100 CEO Leaders. Steve holds a BBA from the University of Michigan. He speaks English and is learning Spanish.

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Judy Verses

President, Global Enterprise & Education

Judy Verses is the President, Global Enterprise and Education and has been with Rosetta Stone since 2011. Judy is responsible for all institutional, literacy and language business across all geographies, as well as all the functions necessary for success of E&E; specifically, product development, IT, Business Development and Global Communications.

Judy has extensive experience across business, government, education, and consumer sectors in technology, education and communications industries. She joined Rosetta Stone from Blackboard where she served as President and Chief Client Officer responsible for Global Sales and Marketing. Previously, she was President and COO of Blackboard Learn.

Prior to joining Blackboard, Judy held several senior leadership roles at Verizon. Notably, she successfully launched Verizon FIOS. Some of her roles included: SVP Marketing for Verizon's portfolio of voice, video and data products; SVP Broadband Solutions; Vice President for Business Sales; and Vice President/General Manager of Small Business Sales.

Judy began her career with Xerox in sales. Judy holds a Bachelor of Science in Business Administration from the University of Connecticut and a Winner of Washington Business Journal Award for "Women Who Mean Business" in 2009. She was recently announced as a Finalist in Women In Technology Annual Women in Leadership Awards. Judy is a former member of the Marketing 50 and has helped multiple small businesses in an advisory capacity.

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Thomas Pierno

Chief Financial Officer

Tom Pierno is responsible for all financial functions at Rosetta Stone, including Accounting, Finance, Tax, Investor Relations, and Treasury. He also oversees the company's global distribution and fulfillment functions.

Tom came to Rosetta Stone from the marketing communications firm Vertis Communications, where he served as CFO and also directed supply chain and information technology operations. Previously, he held the position of Vice President, Financial Planning and Treasury at Comverse Technology, a global provider of software and systems, where he was responsible for worldwide budgets, forecasts and treasury operations. Prior to his stint at Comverse, Tom served as Senior Vice President and Controller at AOL. During his 11 years at AOL, he held financial leadership positions in the subscription and international businesses, compliance, and worked on various strategic acquisitions. Before AOL, Tom was CFO at World Color Press, a publicly traded printer of magazines, catalogs, direct mail and books. He began his career at Ernst & Young as a Certified Public Accountant.

Tom graduated summa cum laude with an MBA and BBA in Accounting from Pace University. He is currently learning Mandarin.

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Sonia G. Cudd

General Counsel & Secretary

As General Counsel & Secretary, Sonia Cudd oversees legal, corporate governance, government affairs and compliance matters, as well as human resources for Rosetta Stone worldwide. Sonia joined our team in January 2015 from Keurig Green Mountain Inc., where she served as Vice President, Associate General Counsel – Corporate and Corporate Secretary.

Sonia has over 20 years of legal experience with Federal agency, large law firm and in-house counsel with multi- national organizations roles, including as Ethics and Employment Counsel at the Bill & Melinda Gates Foundation Trust, Assistant General Counsel and Assistant Corporate Secretary at McCormick & Co., Inc., at Blank Rome LLP, and at the US Securities & Exchange Commission. Prior to her practice of law, she was a financial analyst at Citicorp.

Sonia earned a BA in Finance and a BS in Economics from Hood College in Frederick, Maryland and a Juris Doctor from John Marshall Law School in Chicago, Illinois. Sonia speaks conversational Spanish and is learning Italian.

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Gustaf Nordbäck

Managing Director-EMEA

Gustaf Nordbäck is the Managing Director-EMEA for Rosetta Stone, leading the company's EMEA operations from its central London office.

Prior to his current role, Gustaf headed the European business development function for Rosetta Stone. Before joining Rosetta Stone, Gustaf gained extensive experience within investment banking and private equity, including roles at GI Partners, Citigroup and Deutsche Bank.

Gustaf holds an M.Sc. in Business and Economics from Stockholm School of Economics, as well as an MBA from INSEAD.

He is a native speaker of both Swedish and English, also speaks Spanish, French and German, and is currently learning Italian.

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Patrick W. Gross

Chairman of the Board

Patrick Gross has served on the Board of Directors for Rosetta Stone since February 2006 and was named Chairman of the Board in 2013.

Patrick is chairman of the Lovell Group, a private business and technology advisory and investment firm that he founded in 2002. He was a founder of American Management Systems Inc., a publicly traded firm offering information technology consulting, software development, and systems integration. From 1970 to September 2002, Patrick served as the principal executive officer of AMS. Patrick is a director of Capital One Financial Corporation, Career Education Corporation, Liquidity Services Inc., Taleo Corporation, and Waste Management Inc. He also serves on the boards of various private companies. Patrick previously served on the boards of Computer Network Technology Corporation from 1997 to 2006 and Mobius Management Systems Inc. from 2002 to 2007.

He holds a BSE from Rensselaer Polytechnic Institute, an MSE from the University of Michigan, and an MBA from the Stanford Graduate School of Business.

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James Bankoff

James Bankoff has served as a Director since November 2012.

Before joining Vox Media, Bankoff served as a senior adviser with Providence Equity Partners, a leading private equity firm focused on media and telecommunications. Prior to joining Providence in 2008, he served as executive vice president of programming and products at AOL. At AOL, Mr. Bankoff led the development of and/or presided over AOL.com, TMZ.com, Moviefone, MapQuest, BloggingStocks, AOL Music and Engadget. In 2006, Mr. Bankoff was awarded an Emmy Award for his role as executive producer of "Live 8 on AOL." He also oversaw the instant messaging services AIM and ICQ, and new social networking and community applications, including Blogsmith and Netscape.com. Mr. Bankoff joined AOL in 1995 and held a number of leadership positions, including president, AOL web properties; president, Netscape; and vice president of strategy and operations, AOL brand.

Mr. Bankoff holds a Master of Business Administration from the Wharton School of the University of Pennsylvania and a Bachelor of Arts from Emory University.

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Laurence Franklin

Laurence Franklin has served as a Director since May 2006 and currently serves as Chairman of the Audit Committee.

In July 2011, Mr. Franklin was named Chief Executive Officer of Frette Srl, a manufacturer and retailer of luxury linens and home furnishings. Mr. Franklin is the retired President and Chief Executive Officer of Tumi Inc., a manufacturer and retailer of luxury travel, business and lifestyle accessories, where he served from January 2002 until March 2009. Prior to joining Tumi, Mr. Franklin served as President of CoachLeatherware Company, Inc. and General Manager of Elizabeth Arden Inc. Mr. Franklin began his career at Peat Marwick Mitchell and Co. in audit, and then worked in the Management Consulting Services group at Price Waterhouse & Co.

Mr. Franklin earned his B.A. from Colgate University and his M.S. from the New York University Graduate School of Business. Mr. Franklin serves on the boards of two private companies in addition to his role at Rosetta Stone.

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Marguerite Kondracke

Marguerite W. Kondracke has served on the Rosetta Stone Board of Directors since December 2011.

Marguerite W. Kondracke has served as a Director since December 2011. From October 2004 to May 2012, Ms. Kondracke served as President and Chief Executive Officer of America's Promise Alliance and continues to serve as Senior Advisor. America's Promise Alliance is a nonprofit children's advocacy organization founded in 1997 by General Colin L. Powell. With more than 400 national partners, America's Promise Alliance is currently leading a ten-year campaign, Grad Nation, mobilizing America to end the dropout crisis.

During her 40-year career, Mrs. Kondracke has been both an entrepreneur and a public servant. She brings to America's Promise Alliance extensive multi-sector experience as an advocate for children and families. Before joining the Alliance, she served as Special Assistant to U.S. Senator Lamar Alexander and Staff Director for the Senate Subcommittee on Children and Families. Previously, she co-founded and was CEO of the nation's largest employer-sponsored child care company, Bright Horizons Family Solutions, one of Fortune's "100 Best Companies to Work For." For the past three years, Mrs. Kondracke has been named one of the "Top 50 People of Power and Influence" by The Non-Profit Times. She is a board member of Saks, Inc., LifePoint Hospitals, and Teachscape, and is a trustee of Duke University. Marguerite is married to award-winning journalist Morton Kondracke; they have four children and three grandchildren.

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Laura L. Witt

Laura Witt has served as a Director since December 2005, including serving as Chair of our Board from December 2005 to February 2011.

In September 1997, Ms. Witt joined ABS Capital Partners, a private equity investment partnership, and has served as a General Partner since January 2001. She served on the boards of Double-Take Software, Inc. from 2002 to 2008 and Familymeds Group, Inc. from 2004 to 2007. Ms. Witt currently serves on the board of several private companies. She earned a B.A. from Princeton University and an M.B.A. from the Wharton School at the University of Pennsylvania.

  • Stephen Swad, CEO of Rosetta StoneStephen Swad Chief Executive Officer (CEO)
  • Judy VersesJudy Verses President, Global Enterprise & Education
  • Thomas Pierno Thomas Pierno Chief Financial Officer
  • Gustaf Nordbäck Sonia G. Cudd General Counsel & Secretary
  • Gustaf Nordbäck Gustaf Nordbäck Managing Director-EMEA
  • Patrick W. GrossPatrick W. Gross Chairman of the Board
  • James BankoffJames Bankoff Board Member
  • Laurence FranklinLaurence Franklin Board Member
  • Marguerite KondrakeMarguerite Kondrake Board Member
  • Laura WittLaura Witt Board Member

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