Rich Sullivan, Former Twitter, DreamWorks Exec, Named CFO Of Acorns – Deadline

Wealthy Sullivan, who held prime finance roles at Twitter, STX Leisure and DreamWorks Animation, was named chief monetary officer of saving and investing app Acorns because it preps for an IPO.

The app – full title Acorns Develop – has greater than 4 million subscribers and has helped them make investments over $9.6 billion, among the many the most important subscription companies in U.S. client finance.

Sullivan joins Acorns from Twitter the place he led company finance and monetary planning and evaluation. Beforehand, he held govt positions at STX Leisure and DreamWorks Animation, the place he served as deputy CFO. He’s additionally held varied roles at AT&T.

“Wealthy brings a singular mixture of experience, imaginative and prescient, and dedication to mission,” mentioned Noah Kerner, CEO of Acorns. “Our subsequent part of development as an organization will solely be fueled by his management.”

Sullivan known as Acorns an organization “on the cross part of know-how, monetary companies, and social duty. I sit up for working with the crew as we proceed to empower extra traders, and accomplish that with their monetary finest pursuits in thoughts.”

In Might, Acorns introduced plans to go public by combining with Pioneer Merger Corp., a publicly traded SPAC, or particular goal acquisition firm.

Its present CFO, and former PayPal exec, Jasmine Lee will overseeing day-to-day operations as chief working officer.