This is a session at Innov8rs Austin, 4-5 December 2019

All speakers and sessions here:

Lessons From Innovating Across Industries: Credit Cards, Personal Genetics and Commodity Exchanges

After a decade as a strategy consultant, Paul Cusenza embarked on a career based on innovation through being part of Capital One’s senior management team as they changed the credit card industry, co-founding 23andMe as a personal genetics pioneer, and creating Nodal Exchange a leading commodity exchange in North America.

In all these diverse industries, innovation was achieved by visioning new offerings to valuably fulfill the needs of customers and passionately committing to seeing it become reality. Taking ownership, acting, being flexible, embracing diversity and persevering are critical to success and often differentiate start-ups from incumbent organizations. These success factors are constant across time and industries, as Paul will share in his talk.

Paul Cusenza

Chairman & CEO, Nodal Exchange and Nodal Clear

Paul Cusenza leads Nodal Exchange, a commodities exchange offering electric power, natural gas, environmental and trucking freight futures and options contracts with about $50 billion of traded volume over the past year. Nodal Clear, a wholly-owned subsidiary of Nodal Exchange, acts as the central counterparty clearing house for Nodal Exchange contracts.

Nodal Exchange became part of the EEX Group in May 2017. Paul Cusenza
led Nodal Exchange to its commencement of trading in April of 2009 and the market has seen great growth since its launch. Nodal’s many industry awards include: “Clearing House Innovation of the Year” at the 2017 Risk Awards, “Exchange of the Year” at the 2013, 2017 and 2019 Energy Risk Awards, “The Rising Star Company Award” at the 2013 Platts Global Energy Awards, and “Innovation of the Year” at the 2010 Energy Risk Awards.

Paul Cusenza has over thirty years of experience in building and managing businesses. He was co-Founder and co-President of 23andMe, a personal genetics company which Time Magazine identified as “The Best Invention of the Year” and which has now achieved “unicorn” status. Prior to creating 23andMe, he was the Senior Vice President of Marketing and Alliance Management at Perlegen Sciences which was the leading pioneer in whole-genome association studies. During the 1990s he was part of the Senior Management Team of Capital One Financial during its formative years and a period of extraordinary growth. Prior to Capital One Financial, he was a Vice President and Partner at Mercer Management Consulting (now Oliver Wyman) for nearly a decade focusing on financial services. He also worked for IBM early in his career.

Mr. Cusenza holds a Masters of Business Administration degree from the Harvard Business School and a
B.S.E. in Mechanical Engineering from the University of Michigan.