RoseAnn B. Rosenthal to Leave President and CEO Role at Ben Franklin After 25 Years

Scott Nissenbaum to assume both responsibilities in January 2021

PHILADELPHIA (June 17, 2020)—The Ben Franklin Technology Partners of Southeastern Pennsylvania (Ben Franklin) Board of Directors has announced that after 25 years, RoseAnn B. Rosenthal, President and Chief Executive Officer, will be transitioning out of her current role and taking on a CEO Emeritus role, effective January 11, 2021.

Scott Nissenbaum, Ben Franklin’s Chief Investment Officer, will assume the title of President and Chief Operating Officer beginning July 1st. He will become President and CEO when Rosenthal assumes her CEO Emeritus role in January 2021.

During Rosenthal’s 25-year tenure, Ben Franklin introduced program innovations that evolved the statewide network into one of the most active seed and early stage investment operations in the nation. Between 1996 and 2019, it provided critical capital to more than 1750 emerging and diverse enterprises which created more than 25,000 technology-based jobs in client companies. Rosenthal evolved Ben Franklin from a grant-based to an earned-revenue financial model. Under her leadership, Ben Franklin catalyzed the formation of and invested in first-time venture funds, and entered into co-investment partnerships with county governments, universities and private corporations that increased the amount of seed capital for the region’s startups. In 2016 Rosenthal led the formation of Broad Street Angels, the Union League of Philadelphia’s 100- member angel investment group, which she chairs.

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