Ravi Gupta has joined grocery delivery startup Instacart as the company’s first CFO. Gupta has spent the last 10 years as a director with private equity firm KKR. He previously worked as an analyst for two years at McKinsey & Co.
Instacart has raised $US275 million to date with a valuation of $US2 billion. The company employs 300 full-time workers, 1,200 part-time workers, and 7,000 contractors.
Instacart promises to deliver groceries right to your door in one hour.
Other CFO moves and assignments
Michael Sharp has been appointed as the CFO of AAR. The company is focused on aftermarket solutions for commercial aviation and government customers. Sharp had previously served as the interim CFO of the company from October 2012 to July 2013.
The $US10 billion paper and packaging company WestRock has hired former AAR finance chief John Fortson to run its finance division for its Ingivity specialty chemicals business. He starts in the new role on October 12.
Supervalu Inc., a Minneapolis-based grocer, has named Susan Grafton as CFO effective October 1. She will also maintain her previous post as chief accounting officer. In the meantime, former CFO Bruce Besanko has been assigned to the company’s newly created position of chief operating officer (COO).
CyrusOne has hired Gregory Andrews as its new chief financial officer. He will work alongside current CFO Kimberly Sheehy, who will remain as an employee until December 1.
Coffee, tea, and culinary products provider Farmer Brothers, has announced the appointment of Isaac Johnston as CFO and treasurer. He previously served as the CFO at United Surgical Partners. He also spent 25 years with Pepsico. The company is preparing to relocate to Northlake, Texas, from its current home in Torrance, California.
Alliant Insurance Services has hired Ilene Anders as its new CFO. She was previously serving as the company’s chief information officer (CIO) and vice president of financial planning and analysis.
Following controversy over the resale of state energy tax credits, Anthony Buckley, CFO of the Oregon Department of Energy, has resigned.
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