Robinhood Enlists Ex-Cruise and Lyft Exec Jeff Pinner as Chief Technology Officer

Robinhood has appointed Jeff Pinner as its Chief Technology Officer. With a career background in Cruise and Lyft, Pinner will spearhead efforts to accelerate Robinhood’s product development, optimize
infrastructure, and enhance customer experiences, the company announced today
(Monday).

Jeff Pinner’s New Role

Pinner’s role at Robinhood will focus on
advancing the company’s engineering prowess. His appointment is expected to
significantly impact Robinhood’s ability to deliver innovative and efficient
financial services.

Commenting about the new appointment, Vlad Tenev, the
CEO and Co-Founder of Robinhood, said: “Great engineering is critical to our
ability to build cutting-edge financial products at Robinhood, which is why
we’re excited to welcome Jeff as CTO.” He highlighted that Pinner’s
experience in AI and infrastructure aligns perfectly with Robinhood’s
objectives.

Before joining Robinhood, Pinner was a distinguished engineer at Cruise, where he played a key role in advancing autonomous vehicle technologies. His previous tenure at Lyft included significant achievements such as scaling the company’s engineering infrastructure and leading its marketplace organization.

Pinner also served as Lyft’s CTO, where he helped
drive substantial growth and technological progress. The company anticipates
his deep technical knowledge and experience to propel the development of
cutting-edge financial products and services.

Other Executive Changes at Robinhood

In another significant executive move, Robinhood named David Schwed the Chief Information Security Officer for the Brokerage division last week. Schwed previously served as the Chief Operating Officer and later as an
Advisor at Halborn, a cybersecurity company.

Schwed is a technology expert with previous experience
in notable companies, including DFNS, Lava Network, Utila, and Hexagate. The
Empire State University alumnae has also worked for Citi, Galaxy Digital, and
BNY.

Meanwhile, Robinhood recently posted record second-quarter results, with total net revenues jumping to $682 million. The
company’s performance was boosted by growth in transaction-based revenues and a
boost in its premium subscription service.

The company registered a net income of $188 million, representing
diluted earnings per share of $0.21. This performance marked a notable increase
from the $25 million, or $0.03 per share, for the same quarter last year. Net
profit surged 652% year-over-year.

This article was written by Jared Kirui at www.financemagnates.com.



Source link