Navan has hired a former New York Stock Exchange executive as its new CFO, ahead of the travel and expense management platform’s $9.2 billion IPO.
Amy Butte, who was NYSE’s CFO from 2004 to 2006, will become Navan’s new CFO in June. In April, she was appointed to the company’s board of directors as the Audit Committee Chair.
Butte previously worked as a banker, research analyst, board director, and CFO.
Navan, founded by entrepreneur Ariel Cohen, is a platform that helps employees at large and small companies manage their expenses and travel bookings. It competes with SAP Concur, American Express, TravelPerk, Brex, and Ramp.
Butte’s appointment comes at an important time for Navan. The company is preparing its financials for what is expected to be a blockbuster initial public offering at an unspecified time. Last month, Navan’s CEO, Cohen, told CNBC that the company is “not far” from going public, and that it expects to be profitable this year.
Navan was recognized as a CNBC Disruptor 50 company in May.
