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Navan has hired a former New York Stock Exchange executive as its new chief financial officer ahead of an expected initial public offering of the $9.2 billion travel and expense management platform.
Amy Butte, who served as chief financial officer of the New York Stock Exchange from 2004 to 2006, will join Navan as the new chief financial officer in June. She was previously appointed chair of the audit committee of the company’s board of directors in April.
Bart’s previous positions include serving as a banker, research analyst, board director and chief financial officer.
Founded by entrepreneur Ariel Cohen, Navan is a platform that helps employees at companies large and small manage expenses and travel bookings. It competes with companies such as SAP Concur, American Express, TravelPerk, Brex and Ramp.
Butt’s appointment comes at a critical time for Nawan. The company is preparing financially for a potentially massive initial public offering at an as-yet-undetermined time. Last month, Navan CEO Cohen told CNBC the company was “not far” away from an IPO, adding that the company expected to be profitable this year.
Navan was named a CNBC Disruptor 50 company in May.
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