IFS has announced the appointment of Steven Elsham as Chief Executive Officer of Ultimo, its enterprise asset management (EAM) subsidiary. Elsham, who previously served as Area Vice President at Salesforce, brings over 20 years of experience in cloud technology, AI strategy, and digital transformation. Based on his proven ability to scale enterprise software businesses, Elsham is tasked with guiding Ultimo’s growth during a period of rising customer interest in AI-based solutions. Commenting on his new role, Elsham said, “The future of asset management is predictive, is deeply infused with AI, and delivers unprecedented value for customers with complex industrial assets.”
Ultimo’s platform currently supports over 120,000 technicians managing more than 15 million assets across sectors such as manufacturing, energy, logistics, and healthcare. The company’s software-as-a-service solutions aim to enhance operational efficiency, reduce downtime, and simplify technician workflows. “Steven’s deep understanding of the challenges executive business leaders face, and his ability to scale businesses globally while inspiring people to deliver, made him the clear choice to lead Ultimo into its next chapter,” stated Michael Ouissi, Group Chief Operating Officer at IFS. With Elsham at the helm, Ultimo will expand its AI capabilities to offer data-driven insights and intelligent automation across asset-intensive industries.
