Ben Franklin Technology Partners’ RoseAnn Rosenthal is Stepping Down After 25 Years
RoseAnn Rosenthal, the current president and CEO of Ben Franklin Technology Partners of Southeastern Pennsylvania, announced Thursday that she will begin transitioning out of her role after 25 years with the organization.
Scott Nissenbaum, BFTP’s chief investment officer, will assume the title of president and chief operating officer beginning July 1. He will take the title of president and CEO in January, when Rosenthal will officially step down and take on a CEO emeritus role, the organization said.
In the last quarter century, the state-backed investment group provided capital to more than 1,750 “emerging and diverse enterprises” that created more than 25,000 technology-based jobs in client companies, it said. And under Rosenthal’s tenure, BFTP formed and invested in first-time venture funds, and entered into co-investment partnerships with county governments, universities and private corporations.
This year, Ben Franklin closed its $20 million GO Philly Fund, launched a “Save Our Startups” initiative with the Commonwealth to direct funding to companies affected by COVID-19, and granted $250,000 to Philly Startup Leaders for financial support for early-stage tech companies with underrepresented founders.
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