THE BUSINESS WIRE
OCT 2023 / IMAGINE PHARMA ANNOUNCED $32.5M SERIES A✦MAY 2024 / ZER0 TO 5IVE MARKED 25 YEARS✦THE PROFILE / SANTIAGO PUJADAS

PERSON / THE OPERATORDEVON, PENNSYLVANIA

Santiago Pujadas and the business of sticking to the fundamentals

From a Westinghouse robotics business to Zer0 to 5ive and Imagine Pharma, Santiago Pujadas has spent his career connecting strategy with the work of running a company. His favorite lesson is five words long.

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The sales pitch came with pictures, promises of assistance, and a carefully cultivated fear of missing out. The customers were a family. The proposed acquisition was two Great Dane puppies. Michelle Pujadas eventually agreed. Her husband, Santiago, laughed and said he knew what they were getting into. For an executive whose career has included software, robotics inspection, and marketing, this was a transaction with unusually enthusiastic stakeholders and a rather loose service agreement.

Michelle later turned the episode into a branding essay. Charlie and Tucker were adorable, demanding, and thoroughly consistent with the experience the family had already had with Great Danes. Her account gives Santiago a brief appearance, but a memorable one: the person amused by the distance between the sales presentation and the obligations that follow. Puppies, like companies, come with recurring costs. The photographs are considerably easier to arrange than the early mornings.

There is a similar economy to the lesson Pujadas offers in his professional biography: “Stick to the fundamentals.” Five words, no elaborate framework required. Read alongside his working life, they invite a practical question: what carries from one business to another when the product, customer, and vocabulary change? His career makes that question interesting. He has been responsible for industrial businesses, advised executives on communications, and taken on the everyday running of Imagine Pharma. The settings differ; responsibility keeps returning.

Great Dane puppies Charlie and Tucker curled up together
Charlie and Tucker. The sales pitch promised help; the fine print had paws. Photograph from Michelle Pujadas’s family branding essay.

Before the pitch, the machinery

Pujadas studied industrial management and mathematics at Carnegie Mellon University, then industrial administration at its business school. The combination puts numbers and organizations together in the same education. It is a fitting starting point for a career in which technical businesses repeatedly become management assignments. Mathematics asks whether an answer holds together. Administration adds another awkward question: can a group of people actually deliver it? A business needs both questions answered, preferably before the budget meeting.

Before Wesdyne International, he was president of CATCO, a software development joint venture between Westinghouse and Électricité de France. During his leadership, the company reached more than 90 percent market share in its segment. The qualification matters. This was a defined slice of a market, rather than the whole software industry. Even so, it is an unusually concrete entry in a career biography: a number attached to a particular business and a particular responsibility.

At Wesdyne, a Westinghouse subsidiary in robotics inspection, he again served as president. The business grew to more than $100 million in revenue under his leadership. His agency biography also describes responsibility for a $100 million profit and loss account. Those descriptions concern an operating company, rather than a fundraising valuation. They place him inside the arithmetic of running a business: revenue, spending, market share, and profitability. There is little room in that arithmetic for a beautifully phrased explanation of why the totals refuse to agree.

WESDYNE INTERNATIONAL / DURING HIS LEADERSHIP$100M+Revenue at the robotics inspection business he led.

The customer needs a sentence

The next setting brought a different kind of translation. At Zer0 to 5ive, Pujadas became co-chief executive of a marketing and communications firm. His responsibilities include growth, strategic direction, and counsel to clients. The client names attached to his work include Apple and Optimum Lightpath/Cablevision. Imagine Pharma’s biography also lists Pearson. These are communications and go-to-market assignments, work that asks an executive to understand both what a company does and what someone outside it needs to hear.

The agency itself began in Pittsburgh in 1999, founded by Michelle Pujadas. Its first public relations client was Carnegie Learning. By May 2024, it was celebrating 25 years with a gathering at the Devon office: memories, bowling, dinner, and anniversary notebooks and quarter zips. That is a satisfyingly ordinary description of a long-running business marking its birthday. Twenty-five years can sound abstract until someone has to choose the dinner reservation and make sure the new jackets fit.

Zer0 to 5ive works with business customers across technology and other sectors, offering research, strategy, communications, and creative services. Its range extends from semiconductors to mobile devices. That breadth helps explain the demands of Santiago’s role. A client’s technical vocabulary may change completely from one assignment to the next. The executive still needs to decide which audience matters, what makes the offering distinctive, and how the company can describe its value without requiring a preliminary course in its internal terminology.

Why the Roadmap starts at zero

There is a revealing detail in the agency’s name: its Roadmap has six stages. It begins with zero, for objectives, before moving through research, positioning and messaging, brand strategy, brand identity, and the go-to-market plan. The sequence places the purpose of an assignment ahead of its visible output. A logo arrives several steps after the question of what the business is trying to accomplish. This must occasionally disappoint anyone who hoped a new typeface would settle the entire matter.

The Roadmap asks about competitors, differentiation, strategy, the first vertical market to target, and the value proposition. These are the sorts of questions that make communications an operating concern. Choosing a first market means choosing where to spend effort. Differentiation requires knowing what alternatives the buyer already has. An attractive message is useful only if it corresponds to a decision the customer might make. In this setting, Pujadas’s earlier experience with market share has an intelligible connection to his later work with language.

Michelle has written that Geoffrey Moore’s Crossing the Chasm helped shape the agency’s positioning and messaging work when it began. The book became required reading at the firm. She describes assigning it to interns, including a presentation on what they had learned. This is part of the intellectual environment of the company Santiago helps lead. The emphasis is on understanding how a technical offering reaches buyers, with enough shared vocabulary that the next person joining the team can participate in the conversation.

THE AGENCY’S ROADMAP / SIX STEPS, STARTING AT ZERO
  1. 0Objectives
  2. 1Research
  3. 2Positioning & messaging
  4. 3Brand strategy
  5. 4Brand identity
  6. 5Go-to-market plan

A process used by Zer0 to 5ive, the agency Pujadas co-leads.

A raise, then the work

Imagine Pharma has had Pujadas in its leadership since its inception in 2016. As co-CEO, he oversees strategic direction and day-to-day operations, sharing leadership with Ngoc Thai. The pairing puts him in another technical organization, this time with responsibilities that stretch from the longer view to the next operating decision. An organization chart can put those duties neatly in a box. Actual work tends to arrive with considerably less respect for the edges of the box.

On October 31, 2023, Imagine Pharma announced a $32.5 million Series A led by IP Investors LLC. The announcement specified an initial tranche of $10 million and stated that total funding to date had reached $40 million. Keeping those figures distinct makes the milestone easier to understand. The announced round, its initial tranche, and cumulative funding describe different things. They belong in separate columns, however tempting it might be to select the largest number and let it do all the talking.

Pujadas’s comment looked toward execution: “I am looking forward to working with our team to continue building on our progress to date.” The following day, the company’s co-CEOs described their fundraising goal as finding investors who shared their vision. They also discussed expansion and hiring. For this part of his career, the interesting business question is what happens after the announcement. Funding adds resources and expectations. His title places him among the people responsible for turning both into the work of an organization.

“Stick to the fundamentals.”Santiago Pujadas / his most important lesson

Devon, Bermuda, and the other boards

Pujadas identifies Devon, Pennsylvania, as home. His public professional profile also places him in Greater Philadelphia. Alongside the company roles is a record of community involvement, including board service at FLITE and the Suburban Seahawks Club, and a leadership committee role with the Institute for Student Achievement. These appointments widen the picture of his working life. The responsibilities attached to an institution can extend beyond a commercial relationship, into a school community, a club, or a cause supported by volunteers.

The Devon Horse Show recognized Santiago and Michelle together as Volunteers of the Year. The joint recognition is a small but useful detail: the couple appear together in community work as well as in the leadership of the agency. It makes a neat counterpoint to the puppy story. One account has the family selling a demanding new commitment to Michelle; another has the couple being recognized for a commitment they made outside their business. Different obligations, some of the same participants.

His Bermuda connection has a specific current form. He is vice president of the American Friends of the National Museum of Bermuda, a fundraising organization established in 1982. It supports the museum and educational and scientific purposes involving museums in North America. That role adds another kind of institution to his record. A museum needs resources to preserve and present a collection, just as a company needs resources to pursue its plans. The purposes differ; someone still has to help keep the organization going.

The baseball player who chose business

At eight, Pujadas wanted to be a baseball player. Asked whom he would most like to meet, he chose Mark Spitz, admiring the swimmer’s strength, determination, and endurance. The two answers leave room for sport in a biography otherwise crowded with executive responsibilities. They are also personal answers, pleasingly specific. A childhood baseball ambition and an interest in a swimmer tell us more than another general statement about being passionate about leadership ever could.

His LinkedIn profile lists English and Spanish at native or bilingual proficiency and French at professional working proficiency. It is a compact reminder that the career has an international dimension, alongside its Pennsylvania base. CATCO joined an American company and a French one; his community work reaches Bermuda. These connections give the geographical outline texture without turning every place into a grand theory about his character. Devon can be home while professional responsibilities extend considerably farther.

The final prompt in his agency biography is “Last Word.” His answer is “Next.” It is a brisk ending for someone who has already moved through several kinds of business. Taken with his advice about fundamentals, it gives the profile a useful rhythm: keep the basic obligations in view, then attend to the next thing that needs doing. There will be another customer to understand, another operating decision to make, another institution asking for time. And, in the Pujadas household’s documented puppy chapter, another extremely persuasive face waiting by the door.