Navan has hired former Lyft executive Aurélien Nolf as its new CFO, taking the financial reins of the travel and expense platform in its first full year as a public company.
Nolf, who will start in the role on 2 March, most recently was VP and head of financial planning and analysis and investor relations at Lyft – also a customer of Navan – where he helped the company improve forecasting processes and led several projects "that achieved sustainable profitability and free cash flow," according to Navan.
Prior to his more than three years at Lyft, Nolf spent more than 15 years in financial leadership positions at video game company Electronic Arts.
"Aurélien is the kind of CFO you hire when you plan to win," Navan co-founder and CEO Ariel Cohen said in a statement. "He knows how to scale complex public companies and build alongside the teams that deliver for our customers."
Navan last year executed a long-awaited initial public offering and began trading on the Nasdaq Global Select Market in October.
Navan's previous CFO, Amy Butte, announced she would depart the company in January when the company in mid-December issued its first earnings report as a public company, in which Navan reported a 29 per cent year-over-year increase in revenue and a $225 million loss for the third quarter of its fiscal year. Butte had joined Navan in June 2024.
Navan SVP of strategic finance and chief accounting officer Anne Giviskos has been serving as Navan's interim CFO.
"I’m excited to join Navan, which operates at the intersection of everything I value in finance: real-time data, end-to-end automation and operational transparency," Nolf said in a statement. "My goal is to ensure that the company's financial foundation is as cutting-edge and agile as the experience we deliver for our users."