AbsenceSoft, a leading provider of employee leave and accommodations management SaaS, has announced the appointment of Megan Wood as Chief Financial Officer. Wood joins the leadership team with over 20 years of experience in finance and strategy for high-growth technology firms, positioning her to lead AbsenceSoft’s financial operations as the company scales to meet rising demand for automated compliance solutions.
Strategic Hire: Megan Wood will oversee financial strategy and infrastructure to support AbsenceSoft’s ambitious growth trajectory.
Proven Track Record: Most recently served as CFO and COO at Peerspace; previously served as Chief Strategy Officer at DigitalOcean, where she helped grow ARR from $350 million to $750 million.
Deep Expertise: Career includes leadership roles at NerdWallet, Maxar Technologies, Bain & Company, and Citigroup.
Market Context: Demand for leave management is surging due to a shifting regulatory landscape, including new state laws and the Pregnant Workers Fairness Act (PWFA).
Platform Scale: AbsenceSoft currently manages over seven million lives for employers, Third-Party Administrators (TPAs), and Professional Employer Organizations (PEOs).
The appointment of a seasoned CFO comes at a time when organizations are facing increased financial and operational risks related to leave and accommodations. With over 200 statutory policies to track—including FMLA and ADA—enterprises are moving away from manual processes toward intelligent automation and centralized data to ensure compliance and improve the employee experience.
"The market opportunity in front of AbsenceSoft is significant, and Megan brings the right financial and operational depth to meet it," said Chris Murphy, CEO of AbsenceSoft. "We are building something significant in this category, and Megan's appointment reflects that ambition."
Wood’s philosophy aligns with AbsenceSoft’s mission to treat leave management not just as a compliance checkbox, but as a critical touchpoint in the employee lifecycle. Handling these personal moments with structure and empathy can fundamentally strengthen the employer-employee relationship.
"Leave is one of the most personal and consequential moments in an employee's life, and when it's handled well, it changes the relationship between an employer and their people," noted Wood. "The compliance landscape is getting more complex... the cost of getting this wrong is real and growing for employers. AbsenceSoft is solving a problem that matters deeply."
About AbsenceSoft
AbsenceSoft is the leading leave and accommodations management platform, delivering scalable, configurable software to manage federal and state regulations. Built by leave professionals, the platform ensures organizations stay compliant while elevating the employee experience through automated workflows and built-in guidance.
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