Navan Appoints Former NYSE Exec as CFO

Navan, a $9.2 billion travel and expense management platform, has appointed Amy Butte, a former New York Stock Exchange executive, as its new chief financial officer in preparation for an expected initial public offering (IPO).

Butte, who served as NYSE’s CFO from 2004 to 2006, will join Navan in June. She has been a member of the company’s board of directors and Audit Committee Chair since April. Butte’s career includes roles as a banker, research analyst, board director, and CFO.

Founded by Ariel Cohen, Navan provides a platform for companies to manage employee expenses and travel bookings, competing with firms like SAP Concur, American Express, TravelPerk, Brex, and Ramp.

Butte’s appointment is strategic as Navan prepares for its IPO. CEO Ariel Cohen recently told CNBC that the company is nearing an IPO and expects to achieve profitability this year. Navan was recognised as a CNBC Disruptor 50 company in May.