M3 has named JoAnn Kintzel as CEO as part of a planned leadership transition. A seasoned SaaS executive, she will lead M3’s next phase of expansion under Blackstone’s majority ownership. She succeeds Allen Read, who transitions to executive principal, where he will provide strategic guidance.
With more than 30 years of hospitality experience, Read has been instrumental in shaping M3’s success, according to the company. As one of M3’s first employees, he served as VP, operations, president, COO and, eventually, CEO. As executive principal, he will continue to guide M3’s strategic growth and innovation.
“With JoAnn’s leadership and Blackstone’s support, M3 is poised for unprecedented growth,” said Read. “Her track record in scaling SaaS businesses and driving innovation makes her the ideal leader as M3 enters its next phase of growth. I look forward to supporting her as she builds on M3’s strong foundation and continues delivering world-class financial solutions to hoteliers.”
With extensive experience in financial technology and SaaS, Kintzel most recently served as the CEO of Procare Solutions, where she drove significant revenue growth and market expansion, led 10 strategic acquisitions and fostered product innovation to boost customer satisfaction across more than 40,000 childcare organizations.
“M3 is the gold standard in hospitality financial technology, empowering hoteliers with the tools they need to succeed,” she said. “As the industry evolves, we have an exciting opportunity to strengthen partnerships, advance our technology and deliver even greater value to our customers. With Blackstone’s deep industry expertise, M3 is well-positioned for sustained growth and continued innovation.”
“Blackstone is excited to welcome JoAnn Kintzel as CEO to M3,” said Ramzi Ramsey, senior managing director, Blackstone, which acquired a majority stake in M3 last August. “Blackstone remains committed to supporting M3 in delivering world-class financial solutions that drive efficiency and profitability for hoteliers of all portfolio sizes.”
