Press Releases

Hiscox CIO and Former Barclays CTO, Ian Penny, Joins Turbonomic’s Board of Directors

Posted by Katryn McGaughey on Dec 5, 2018 9:00:19 AM

Turbonomic today announced that Ian Penny, Chief Information Officer (CIO) of Hiscox and the former Chief Technology Officer (CTO) of Barclays, has been elected to its Board of Directors, effective immediately. Penny becomes the second Turbonomic board member with CIO experience (joining former GE CIO, Gary Reiner) in driving major digital transformation and cloud initiatives for international multi-billion dollar companies. With his multiple experiences as a Turbonomic customer, Penny adds an invaluable customer-centric viewpoint to help the company continue to grow and scale.


Penny brings deep expertise in leading all aspects of IT including strategy, development, engineering, operations and program execution. Currently, as Hiscox CIO, he is responsible for the Group’s IT, leading a team of 300 and reporting to the CEO. Prior to Hiscox, as CTO of Barclays, he was responsible for the Group’s IT infrastructure development and led the bank’s cloud computing initiatives. Before that, Penny was Managing Director of Engineering and Architecture at JPMorgan, designing platforms for risk analytics, cloud development, and high-volume customer channels.


“Ian is a visionary IT leader and strategist. He’s also a longtime customer who brings an important lens on the customer experience and challenges they face during the largest and fastest replatforming of workloads to the cloud in the history of IT. We’ve benefited from his IT vision since 2014, when he joined our Technology Steering Council and I’m delighted to welcome him to the board,” said Benjamin Nye, CEO at Turbonomic. “As a change-agent with experience leading multi-year business and IT transformation projects, much like our customers are undergoing, Penny will be instrumental in helping us deliver SMART (self-managing, anywhere, in real-time) workloads to more customers globally.”


“Having personally navigated the profound implications created by digital transformation, I’ve experienced how intelligent automation and AI-powered analytics that focus on workload demand, as opposed to infrastructure supply, are essential to success,” said Penny. “I believe Turbonomic has become the industry-standard for managing workloads on any platform – and I look forward to working with the team and its customers.”


Over 2,000 CIOs and 20 percent of the Fortune 500 trust Turbonomic to manage over 3.5 million dynamic workloads in real-time, assuring application performance and enforcing policy compliance while reducing costs, on-premises and in the cloud. Recognition of Turbonomic’s rapid growth and market leadership include recently ranking on the Inc. 5000 list of the fastest-growing private companies for a third time; becoming a three-time Forbes Cloud 100 company; and JMP Securities naming Turbonomic a “Hot 100” privately-held software company in 2018.


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About Turbonomic
Turbonomic workload automation for hybrid cloud continuously assures that all workloads get precisely the resources needed to ensure performance and eliminate overspending while maintaining policy compliance. Founded in 2009, Boston-based Turbonomic is one of the fastest-growing technology companies, trusted by thousands of enterprise organizations to activate their hybrid cloud journey. To learn more about Turbonomic, visit

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