MOVES-Instacart hires Goldman Sachs' Giovanni as new CFO [Reuters]
Goldman Sachs Group, Inc. (The) (GS)
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Source: Reuters
By Joshua Franklin 2 Min Read Jan 7 (Reuters) - Instacart said on Thursday it had hired Goldman Sachs Group Inc banker Nick Giovanni as its new chief financial officer, as the U.S. grocery delivery app gears up for a potential initial public offering (IPO). Giovanni, who was at Goldman Sachs for more than 20 years and most recently was head of the investment bank’s global technology, media and telecom group, will join Instacart on Jan. 27 and succeed current CFO Sagar Sanghvi. “As we look ahead, Nick’s finance experience, operational discipline, and deep understanding of complex marketplaces like ours will be instrumental to Instacart,” Instacart founder and Chief Executive Apoorva Mehta said in a statement. At Goldman Sachs, Giovanni worked on IPOs for the likes of home rental company Airbnb Inc and social media platform Twitter Inc. “Our family has relied on Instacart for years and I’m thrilled to join the team during such a unique time for the company,” Giovanni said. Reuters repo
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Earnings
- 4/15/24 - Beat
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Sec Filings
- 4/24/24 - Form 424B3
- 4/24/24 - Form 424B2
- 4/24/24 - Form 424B3
- GS's page on the SEC website