CFOs On the Move: Week Ending July 2

Jannie Delucca

Naveen Chopra

Naveen Chopra will come to be the new chief economic officer at ViacomCBS on August 10. Chopra will be a part of the organization from Amazon, exactly where he is CFO of Amazon’s devices and companies enterprise. Formerly, Chopra was chief economic officer at audio streaming company Pandora, exactly where he led a turnaround of the organization and served, for a interval, as interim chief executive officer. Right before that, he held quite a few senior positions at TiVo, together with 4 many years as chief economic officer and a interval as interim chief executive officer. Chopra succeeds Christina Spade, who will transition into an advisory purpose following the company’s 2nd quarter earnings phone.

Motorola Solutions named Jason Winkler as CFO. Winkler has worked at the telecommunications organization for 19 many years. He was most a short while ago senior vice president top finance for the goods and

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Online Insurer Lemonade Raises $319M in IPO

Jannie Delucca

Lemonade lifted $319 million in its preliminary community giving on Wednesday.

The on-line coverage enterprise bought eleven million shares priced at $29 each. Underwriters for the IPO will have an selection to order an extra 1.65 million shares in a thirty-working day window.

Goldman Sachs Group, Morgan Stanley, and Allen & Business are the running bookrunners for the giving.

Lemonade priced the shares over its indicated array of $26 to $28.

The IPO values the New York-centered enterprise at $1.six billion, considerably lessen than the $two.1 billion pre-dollars valuation it received as component of a $300 million funding round led by SoftBank Group last calendar year.

Lemonade, established in 2015, largely targets first-time coverage purchasers who are much more comfortable with an entirely digitized approach.

The company’s shares will start out buying and selling at the New York Stock Trade on Thursday beneath the ticker “LMND.”

This story at first

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