TMC Navan has named Amy Butte as its new chief financial officer in what could be a sign the company is getting closer to its long-awaited initial public offering (IPO).
Butte joined Navan’s board of directors in April as audit committee chair and she has stepped down from this position to take up the CFO position this month.
In its announcement, Navan (formerly known as TripActions) noted that Butte has taken companies public in various roles, including as a banker, analyst and board director as well as CFO.
She has worked in the financial industry for more than 25 years, including serving as CFO for the New York Stock Exchange during its IPO in 2006.
“After meeting Amy, we quickly decided that she was the right person to take Navan…