SHERIDAN, WYOMING – Feb. 28, 2025 – M3 has announced the appointment of JoAnn Kintzel as its new Chief Executive Officer, marking a significant step in the company's planned leadership transition. This strategic move positions M3 for its next phase of expansion under the majority ownership of Blackstone. Kintzel, a highly experienced SaaS executive, will spearhead the company’s growth and innovation.
Leadership Transition and Strategic Vision
The appointment of Kintzel follows the successful tenure of Allen Read, who will transition to the role of executive principal. In this new capacity, Read will provide invaluable strategic guidance to M3. With over 30 years of experience in the hospitality sector, Read has been a pivotal figure in M3’s growth trajectory. According to the company, “With more than 30 years of hospitality experience, Read has been instrumental in shaping M3’s success.” His journey with M3 includes serving as VP of operations, president, COO, and ultimately, CEO.
“With JoAnn’s leadership and Blackstone’s support, M3 is poised for unprecedented growth,” said Read. “Her track record in scaling SaaS businesses and driving innovation makes her the ideal leader as M3 enters its next phase of growth. I look forward to supporting her as she builds on M3’s strong foundation and continues delivering world-class financial solutions to hoteliers.”
JoAnn Kintzel's Proven Expertise
JoAnn Kintzel brings a wealth of experience in financial technology and SaaS to her new role. Her most recent position was as CEO of Procare Solutions, where she demonstrated her ability to drive substantial revenue growth and market expansion. During her tenure, she led 10 strategic acquisitions and fostered significant product innovation, resulting in increased customer satisfaction across more than 40,000 childcare organizations.
“M3 is the gold standard in hospitality financial technology, empowering hoteliers with the tools they need to succeed,” said Kintzel. “As the industry evolves, we have an exciting opportunity to strengthen partnerships, advance our technology and deliver even greater value to our customers. With Blackstone’s deep industry expertise, M3 is well-positioned for sustained growth and continued innovation.”
Blackstone's Commitment to M3's Future
Blackstone, which acquired a majority stake in M3 last August, is enthusiastic about Kintzel’s appointment. “Blackstone is excited to welcome JoAnn Kintzel as CEO to M3,” said Ramzi Ramsey, senior managing director, Blackstone. “Blackstone remains committed to supporting M3 in delivering world-class financial solutions that drive efficiency and profitability for hoteliers of all portfolio sizes.”
M3’s Continued Innovation in Hospitality Financial Technology
With Kintzel at the helm, M3 is set to strengthen its position as a leader in hospitality financial technology. The company’s focus on providing hoteliers with the tools necessary for success aligns with the evolving needs of the industry. The combination of Kintzel's leadership, Read's continued strategic guidance, and Blackstone's support creates a strong foundation for M3's future growth and innovation. The company's commitment to delivering world-class financial solutions will continue to drive efficiency and profitability for its clients.
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