Wejo Appoints John Maxwell as Chief Economic Officer | Small business & Finance
MANCHESTER, England & DETROIT–(Business WIRE)–Mar 16, 2021–
Wejo, the leader in connected motor vehicle information, these days announced that Main Economic Officer Barry Nightingale is planning to retire and John Maxwell has been appointed his successor in the position. The improvements to the management team are efficient quickly and come at a time of important progress for the organization, which permits mobility intelligence by 12 billion details details a day from 10.6 million cars out of a source base of 50 million motor vehicles.
All through his tenure at Wejo, Nightingale served lead the firm from early-stage tech startup to world-wide related motor vehicle information leader. This incorporated the $42 million of recent funding to make sure the Wejo group could continue to be at the forefront of the large growth related auto industry. Less than his fiscal leadership, Wejo was named “Fastest Escalating Enterprise of the Year” at GP Bullhound’s Northern Tech Awards and founded robust finance, authorized and compliance teams and processes. Nightingale will continue to advise the enterprise through early 2022.
“Barry has been a savvy monetary leader and sage small business counselor by means of some of our most essential moments of progress, and I’m grateful for all he has performed to get Wejo to this inflection level,” reported Richard Barlow, founder and CEO of Wejo. “He leaves massive sneakers for John to fill, but I have every self esteem the enterprise will continue being on sturdy money footing in the months and many years in advance less than his management.”
Maxwell will report straight to Barlow and work intently with the complete govt workforce and the Board of Directors as the firm enters its following section of advancement. He will be responsible for providing solid fiscal results as a result of profits progress and price tag management, capital marketplaces transactions, investor relations and board administration. Maxwell will be primarily based in the New York Metropolis spot.
Maxwell comes to Wejo with much more than 30 decades of expertise driving economic development in very thriving start out-ups in complex industries including tech and telecom. Most not long ago, he was CFO of Aquestive Therapeutics (Nasdaq: AQST), a specialty pharmaceutical firm with a aim on epilepsy and allergy treatment plans. All through his four-calendar year tenure at the business, he well prepared AQST for its IPO, elevating $115 million of new equity cash in its 2018 IPO and 2019 follow-on. In addition, Maxwell led a $100 million debt recapitalization and a $125 million royalty monetization transaction at Aquestive. Prior, he was SVP of finance and administration at PanAmSat (NYSE: PA), a worldwide satellite telecommunications small business, which he served consider private in a transaction guide by KKR in 2003 and subsequently introduced community on the NYSE in 2005. He was also CFO at private fairness-backed WIL Investigate, a contract research business, which was acquired by Charles River Laboratories in 2016. He commenced his vocation at Ernst & Younger, and held different senior fiscal roles at Basic Sign, ADP, INFONXX and Plainfield Asset Administration.
“Having worked at a selection of significant-progress corporations the place I was accountable for having fiscal effectiveness to the next stage, I understand the amazing guarantee in Wejo,” stated Maxwell. “The firm is on a trajectory that will not only see main transformation in the corporation, but also has prospective to adjust the entire world for the better—from smarter autos to safer roadways and additional sustainable cities. I am eager for the good chance ahead of me doing the job with a increasing, world-wide enterprise in a sound market placement with no indications of slowing down.”
Wejo is the chief in linked auto details, revolutionizing the way we live, function and travel by reworking and decoding historic and serious-time motor vehicle data. The business enables smarter mobility by organizing trillions of information details from over 10.6 million cars and extra than 42.3 billion journeys globally, across many makes, helps make and models, and then standardizing and maximizing these streams of knowledge on a huge scale. Wejo associates with ethical, like-minded firms and businesses to change that data into insights that unlock worth for people. With the most thorough and dependable info, information and facts and intelligence, Wejo is building a smarter, safer, a lot more sustainable planet for all. Established in 2014, Wejo employs extra than 150 individuals and has workplaces in Manchester in the United kingdom and Detroit in the US. For much more details, go to: www.wejo.com.
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Copyright Organization Wire 2021.
PUB: 03/16/2021 10:12 AM/DISC: 03/16/2021 10:12 AM
Copyright Business Wire 2021.