Finance and tech veteran Nick Giovanni joins Instacart
Nick Giovanni is joining online grocery platform Instacart as Chief Financial Officer (CFO).
Giovanni spent more than 20 years at Goldman Sachs, most recently as Head of the Global Technology, Media and Telecom Group.
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He has served as an advisor to Instacart for a number of years. In his new role, he will oversee accounting, finance and corporate development. He will succeed Sagar Sanghvi.
“During his time at Instacart, Sagar helped us navigate some of our biggest business milestones including strengthening our financial profile, leading our fundraising efforts and helping shape our company strategy,” says Founder and Chief Executive Officer Apoorva Mehta.
“From building up our financial rigor to helping us successfully scale our business during a year of unprecedented growth, we’re proud of how Sagar and our talented teams effectively managed triple-digit surges in customer order volume, doubled the size of our shopper community and expanded our marketplace to welcome hundreds of new retailers.”
"Our family has relied on Instacart for years and I'm thrilled to join the team during such a unique time for the company. It is helping to bring the grocery industry online for consumers, retailers, advertisers and shoppers," says Giovanni.
"It's been particularly impressive to watch Instacart successfully scale its operations and technology over the last year during a period of unprecedented growth.”
“Apoorva and the talented management team have built a lasting business in a massive market that's poised for continued online growth. I look forward to partnering with them as we focus on delivering long-term value for our customers, shoppers and partners,” he concludes.
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