Benefitfocus, Inc. (NASDAQ: BNFT) said it has named independent director Stephen M. Swad to its board of directors.
Swad is currently the president and chief executive officer of Rosetta Stone Inc. (NYSE: RST). He holds a B.A. in business administration from the University of Michigan and is a certified public accountant.
Swad´s appointment to the board increases the number of Benefitfocus directors to seven. Swad will chair the Benefitfocus board´s compensation committee and serve as a member of its audit committee.
Benefitfocus is a provider of cloud-based benefits software solutions for consumers, employers, insurance carriers and brokers. With a user-friendly interface and consumer-centric design, the Benefitfocus platform provides one place for consumers to access all their benefits. For more information, visit www.benefitfocus.com.