Millwood Management Solutions, Inc.
Karen Kupferberg joined Axeda in December 2004 and was responsible for all of the company’s financial, accounting, and legal functions in addition to managing investor relations, information systems and procurement activities. Prior to joining Axeda, Ms. Kupferberg served as President of Millwood Management Solutions, an independent professional services practice consulting to top management of small/mid-size companies, with a focus on the assessment and improvement of business operations.
Ms. Kupferberg started Millwood Management in 2004 after spending over five years with EMC Corporation, where she served as vice president and corporate controller. During her tenure she led a company-wide initiative to improve profitability and lower annual operating costs, which resulted in an annualized revenue break-even reduction of $2 billion. She also served as financial lead on several acquisitions and was instrumental in building EMC’s finance infrastructure during a period when revenues grew from $2.9 billion to $8.9 billion.
Prior to joining EMC, Ms. Kupferberg held a number of key finance and accounting positions with Digital Equipment Corporation, including vice president of internal audit, where the team she led won “best in class” recognition from Financial Executive magazine. She began her career on Wall Street as a securities analyst for E.F. Hutton.
Ms. Kupferberg serves on a number of for-profit and non-profit boards, including the Board of Fiduciary Trust Company (Chair, Audit Committee), Old Mutual (US) Trust Company (Chair, Audit Committee), The Commonwealth Institute (Treasurer), and the Boston Area Rape Crisis Center (Chair, Audit/Finance Committee).
She holds an MBA from the Wharton School at the University of Pennsylvania, and a BS in Mathematics from Trinity College. She is also a graduate of the Executive Program in International Business Management at Columbia University.