by Leo Jakobson | August 15, 2018
Incentive Solutions has named Mark Herbert president and CEO, succeeding company founder Steve Damerow.

Herbert, who had been the COO of Atlanta-based Incentive Solutions for 16 years, takes over as the company received a recapitalization investment from Houston-based private equity fund CapStreet Group.  

"With The CapStreet Group's investment and our leadership, we look forward to having some of the best products and services available for our partners in business," said Herbert, in a statement. "We want to drive the behaviors that they, our customers, need to fuel their businesses, so there's a lot on the horizon for Incentive Solutions."

Damerow will remain a member of the board of Incentive Solutions, focused on supporting Herbert and advancing Incentive Solutions' role as a provider of incentive technology. 

"Our technological platform is what has differentiated us in the incentive industry," said Damerow. "And Mark Herbert is responsible for that. The incentive industry is at a crossroads where it must develop the technology clients want or risk losing market share. With Mark as CEO, Incentive Solutions will concentrate on developing more innovative technological developments."