IonQ Strengthens Leadership with Jim Frankola Appointment

IonQ has appointed Jim Frankola, former CFO of Ariba and Cloudera, to its Board of Directors. Frankola's expertise in scaling enterprise cloud and software businesses is expected to enhance IonQ's growth and capabilities in quantum computing solutions. His appointment underscores IonQ's commitment to strengthening its leadership team and delivering powerful quantum computing solutions across various sectors.

IonQ Inc. (NYSE: IONQ), a leading provider of quantum computing and quantum networking solutions, has appointed Jim Frankola to its Board of Directors. Frankola, who previously served as the Chief Financial Officer of Ariba and Cloudera, brings extensive experience in scaling enterprise cloud and software businesses to the role. His appointment underscores IonQ's commitment to strengthening its leadership team and enhancing its capabilities in delivering powerful quantum computing solutions across various sectors [1].

Frankola's appointment was announced in a press release issued by IonQ on August 28, 2025. He is expected to contribute his deep commercial technology background and financial expertise to accelerate IonQ's growth and help solve high-performance computing challenges with quantum computing solutions [1].

Frankola's background includes serving as CFO at Cloudera, where he played a critical role in the company's growth and transformation. He previously held CFO roles at Ariba and Yodlee and was an executive at IBM in their storage and software groups. His experience aligns well with IonQ's mission to deliver the world's most powerful quantum computers and networks, with a goal of scaling to 2 million qubits by 2030 [1].

The appointment comes as IonQ continues to build a world-class leadership team aligned with its mission to accelerate innovation across sectors including drug discovery, materials science, financial modeling, logistics, cybersecurity, and defense. The company's innovative technology and rapid growth were recognized in Newsweek’s 2025 Excellence Index 1000, Forbes’ 2025 Most Successful Mid-Cap Companies list, and Built In’s 2025 100 Best Midsize Places to Work in Washington DC and Seattle, respectively [1].

IonQ's recent financial updates have been positive, with the company reporting its second-quarter 2025 revenue surpassing market expectations and raising its full-year 2025 revenue outlook to $82-100 million. Investment firm B. Riley Securities has initiated coverage on IonQ with a Buy rating and a $61 price target, highlighting the company's compelling long-term growth potential and robust financial position [2].

References:
[1] https://www.marketscreener.com/news/ionq-appoints-former-ariba-cloudera-cfo-jim-frankola-to-board-of-directors-ce7c50dfde8cf523
[2] https://www.ainvest.com/news/ionq-riley-securities-initiates-buy-coverage-pt-61-2508/