By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
CryptoCommunityCryptoCommunity
  • Home
  • General
  • Blockchain
  • Crypto
  • DeFi
  • Metaverse
  • NFT
Search
  • BTC
  • ETH
  • USDT
  • USDC
  • BNB
  • BUSD
  • ADA
  • XRP
  • SOL
  • DOGE
  • DOT
  • MATIC
Reading: Bird board backs new scooter boss
Share
Aa
CryptoCommunityCryptoCommunity
Aa
  • Home
  • General
  • Blockchain
  • Crypto
  • DeFi
  • Metaverse
  • NFT
Search
  • Home
  • General
  • Blockchain
  • Crypto
  • DeFi
  • Metaverse
  • NFT
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
CryptoCommunity > Blog > General > Bird board backs new scooter boss
General

Bird board backs new scooter boss

admin Published September 22, 2022
Last updated: 2022/09/22 at 3:33 AM
Share
SHARE

[ad_1]

Micromobility company Bird is boosting its president, Shane Torchiana, to CEO status in a “long-planned” shakeup that sees founding chief executive Travis VanderZanden further stripped of power.

Bird’s board also announced two other appointments: Former Archer Aviation chief financial officer Ben Lu has joined as Bird’s new CFO, taking over the role from Yibo Ling, and Bird engineering executive Lance Bradley has been promoted to chief technology officer — a role that was formerly held by product head Justin Balthrop. Amidst the shuffle, VanderZanden will stay on as chairman of Bird’s board.

Less than three months ago, VanderZanden served as both president and CEO of Bird, but the longtime startup executive stepped down from his role as president in June, after Bird was hit was a delisting warning from the New York Stock Exchange. When Bird went public by merging with a SPAC last year, the company began trading at $8.40 per share, yet a whole lot’s changed since then. The scooter rental company closed out regular trading today at a dreary $0.40 per share with a market cap around $100 million. To put its current cap in perspective: Bird has raised a whopping $1.14 billion to date, according to Pitchbook.

Bird’s had a rough go of it lately. The firm burned $310 million in the second quarter of 2022, yet it also saw its quarterly revenue rebound to $76.7 million — a noteworthy (28%) jump up from the same quarter last year.

Bird framed the leadership restructuring as part of its journey to profitability. “The organizational changes announced today reaffirm our commitment to positioning Bird for long-term profitable growth,” said VanderZanden, who called the reorg a “long-planned transition.”

“Under new leadership, the company will continue to prioritize cost optimization, without losing sight of our long-term commitment to making cities more livable and sustainable,” he added.

[ad_2]

You Might Also Like

Revyze is building the TikTok of educational videos

YouTube ends the test asking users to get a premium subscription to watch 4K videos

Who is going to buy Cadillac’s $300,000 hand-built EV?

Don’t let today’s software rally improve your mood

Daily Crunch: Kanye West reaches agreement to acquire social media platform Parler

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
[mc4wp_form]
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
admin September 22, 2022
Share this Article
Facebook TwitterEmail Print
Share
Previous Article Kitty Hawk, the electric aircraft moonshot backed by Larry Page, is shutting down
Next Article Daily Crunch: Moonlighters eclipsed — Wipro lets go of 300 employees who were working for its rivals

Latest News

earn bitcoins fast
How to earn bitcoins fast
crypto
Cryptocurrency is a Scam or Not
How to Tell If a Cryptocurrency is a Scam or Not
crypto
Losing In Cryptocurrency Trading
Tips to Avoid Losing In Cryptocurrency Trading
crypto
Sell Products Online with Bitcoins
How to Sell Products Online with Bitcoins – The Ultimate Guide
crypto

You Might also Like

Revyze is building the TikTok of educational videos

6 Min Read

YouTube ends the test asking users to get a premium subscription to watch 4K videos

2 Min Read

Who is going to buy Cadillac’s $300,000 hand-built EV?

4 Min Read

Don’t let today’s software rally improve your mood

1 Min Read

Crypto Community

  • Home
  • Crypto Calculator
  • Blog
  • Contact Us
  • Privacy Policy
  • Disclaimer
  • Terms and Conditions

Real time Cryptocurrency

  • Crypto Prices
  • Dogecoin price
  • Shibainu coin price
  • Bitcoin Price
  • Cardano Price
  • Litecoins Price

Cryptocurrency Price USD

  • Bitcoin price USD
  • Ethereum price USD
  • Tether price USD
  • BNB Price USD
  • Cardano Price USD
  • Solana Price USD
  • Peps coin Price USD
  • floki inu Price USD
  • SIA coin Price USD
CryptoCommunityCryptoCommunity
Follow US

© 2022 Cryptos Community All Rights Reserved. All logos and images used on this website are registered trademarks of their respective companies. All Rights Reserved. Cryptos Community is not liable for inaccuracies, errors, or omissions found herein. For the removal of copyrighted images, trademarks, or other issues, Contact Us. 


Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?