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IonQ, a leader in quantum computing and networking, has appointed Jim Frankola, former CFO of Ariba and Cloudera, to its Board of Directors, announced on August 28, 2025. Frankola’s expertise in scaling enterprise cloud and software businesses strengthens IonQ’s strategic push toward delivering 2 million qubit quantum systems by 2030.
IonQ appoints Jim Frankola to Board of Directors on August 28, 2025.
Frankola brings CFO experience from Cloudera, Ariba, and Yodlee.
Expertise in cloud and high-performance computing to drive IonQ’s growth.
IonQ targets 2 million qubit quantum systems by 2030 for global impact.
Stock price at $42.618, up 475% year-over-year as of August 29, 2025.
Joins recent board appointee Bill Teuber, enhancing leadership depth.
IonQ (NYSE: IONQ) has bolstered its leadership by naming Jim Frankola, a seasoned financial executive, to its Board of Directors. “We are delighted to welcome Jim to our Board,” said Niccolo de Masi, Chairman and CEO of IonQ. “Jim is a seasoned executive with a track record of successfully leading and advising technology companies. His deep commercial technology background and financial expertise will be invaluable as we continue to accelerate IonQ’s growth.” Frankola’s appointment aligns with IonQ’s mission to scale quantum computing solutions for industries like healthcare, finance, and cybersecurity.
Frankola served as CFO at Cloudera, where he drove growth and transformation in the enterprise data cloud sector, and held similar roles at Ariba and Yodlee. His experience extends to IBM’s storage and software groups and board roles at Ansys, supporting high-performance computing clients like NASA and Tesla, and Skillsoft, where he chairs the audit committee. With a Master’s in International Business & Finance from NYU Stern and a BS in Accounting from Penn State, Frankola brings deep financial and strategic insight. “IonQ is rapidly scaling its commercial reach – backed by, I believe, the strongest product portfolio and technical roadmap in the industry,” said Frankola.
IonQ’s current quantum computers, IonQ Forte and IonQ Forte Enterprise, deliver 20x performance improvements for partners like Amazon Web Services and NVIDIA. The company aims to achieve 2 million qubits by 2030, positioning it to lead in drug discovery, materials science, financial modeling, and more. Frankola’s appointment, alongside recent addition Bill Teuber (former EMC Vice Chairman), strengthens IonQ’s leadership as it navigates the quantum computing market, projected to reach $8.6 billion by 2027.
As of August 29, 2025, IonQ’s stock price is $42.618, reflecting a 475% year-over-year surge from $7.42, with a market cap of $12.3 billion. A $1 billion equity offering has boosted its cash reserves to $1.6 billion, providing ample runway for growth. Recognized in Newsweek’s 2025 Excellence Index 1000 and Forbes’ 2025 Most Successful Mid-Cap Companies, IonQ’s advancements in quantum networking also position it as a leader in building the quantum internet.
IonQ’s appointment of Jim Frankola underscores its commitment to assembling a world-class team to drive quantum innovation. With his expertise, IonQ is well-equipped to accelerate its commercial momentum and deliver transformative solutions across global industries.
IonQ, Inc. [NYSE: IONQ] is the leading commercial quantum computing and quantum networking company, delivering high-performance systems aimed at solving the world’s most complex problems. IonQ’s current generation quantum computers, IonQ Forte and IonQ Forte Enterprise, are the latest in a line of cutting-edge systems that have been helping customers and partners such as Amazon Web Services, AstraZeneca, and NVIDIA achieve 20x performance results. The company is accelerating its technology roadmap and intends to deliver the world’s most powerful quantum computers with 2 million qubits by 2030 to accelerate innovation in drug discovery, materials science, financial modeling, logistics, cybersecurity, and defense.
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