Seattle-based digital financial services firm Remitly appointed Vikas Mehta as its new chief financial officer, replacing Hemanth Munipalli due to personal reasons. Mehta has an extensive background in finance, having previously held CFO roles at companies such as Komodo Health, Anaplan, and Nike Direct. He has also worked at Walmart and Microsoft, and serves as a board member at Seattle logistics startup Flexe. Mehta is set to begin his new role on August 19th, bringing his wealth of experience to Remitly’s executive team.
In the latest financial report, Remitly shared that its revenue increased by 31% to $306.4 million in the second quarter. Despite this growth, the company reported a net loss of $12.1 million, a decrease from $18.9 million in the previous year. Following this announcement, Remitly’s shares rose by more than 3% in after-hours trading, reflecting positive investor sentiment towards the company’s performance. These financial results demonstrate Remitly’s continued growth and success in the digital financial services sector.
In a separate executive announcement, Seattle-based application delivery firm F5 revealed that CFO Frank Pelzer will retire in the fourth quarter of this year. Pelzer, who joined F5 from SAP in 2018, will be succeeded by Edward Werner, the company’s current senior vice president of finance. Meanwhile, DoorDash made a strategic hire by appointing Parisa Sadrzadeh, a former logistics leader at Amazon and Flexport, as its new vice president of strategy and operations. Sadrzadeh’s extensive experience in delivery-related roles will bring valuable insights to DoorDash’s operations.
Boeing announced its new CEO and president will be Kelly Ortberg, a seasoned aerospace executive who previously held the CEO position at Rockwell Collins. Ortberg, who is 64 years old, will reportedly be based in Seattle, further strengthening the city’s position as a hub for aviation and aerospace. Additionally, former Amazon leader Ben Spencer joined Seattle-based home maintenance startup Para Home Services as its new CEO, leveraging his experience from a decade at the tech giant to drive growth at the startup.
Seattle marketing veteran Emily Carrion has been appointed as the new chief marketing officer at Entrepreneurs’ Organization, bringing her expertise from leadership roles at various Seattle startups. Meanwhile, former Zillow senior economist Jeff Tucker joined Windermere Real Estate as principal economist, further enhancing the company’s economic research capabilities. Seattle tourism group Visit Seattle welcomed Stephanie Byington as senior vice president and chief marketing officer, leveraging her experience from companies like Slalom and Nordstrom to drive marketing efforts in the tourism sector. These executive appointments reflect the ongoing talent movement and growth in Seattle’s business landscape.
