The veteran financial leader expands role to spearhead next stage of company growth
PALO ALTO, June 3, 2024 — Navan, the all-in-one super app that makes travel and expense easy, today announced the appointment of Amy Butte as Chief Financial Officer, effective June 2024. Butte, who in April joined the Navan Board of Directors, has stepped down from her position as Audit Committee Chair to take on the expanded executive role for the company.
Butte joins the Navan leadership team with more than 25 years of experience in the financial industry. An advocate for forward-thinking, transformational companies and the public markets, Butte is adept at fueling growth and financial discipline. She has taken companies public as a banker, research analyst, Board Director and CFO; most notably, taking the NYSE public as the exchange’s CFO.
“After meeting Amy, we quickly decided that she was the right person to take Navan into its next stage of growth,” says Navan co-founder and CEO Ariel Cohen. “Amy’s eye for transformative companies is a reflection of her deep experience, knowledge, and passion and we’re confident that she will best position us for future success.”
Navan, recently named to the CNBC Disruptor 50, has recorded several years of fast growth across Navan’s travel and expense offerings, including a nearly 5x increase in revenue from 2021–2023. The news follows the return of Rich Liu (formerly Navan Chief Revenue Officer) as CEO of Navan Travel, rounding out the Navan executive leadership team as business travel booms: forward travel bookings on the platform are up nearly 2x year-over-year, underscoring recent airline reports of a corporate travel surge.
“The market opportunity for Navan is massive,” says Butte. “The industry is growing and there’s finally a collective push by the business community to modernize. Navan’s tech-forward travel and expense solution — the combination of industry growth, product fit, and the promise of efficiency —makes them the right company at the right time, and I couldn’t be more thrilled to help lead the team through its next chapter.”
About Navan
Navan is the all-in-one super app that makes travel and expense easy so you can focus on being there, not getting there. Say goodbye to spending hours on the phone trying to change your flight or saving stacks of receipts to manually input expenses. From EAs and finance teams to travel managers and employees, Navan empowers people to concentrate on the things that matter most to them — all while providing companies with real-time visibility, savings, and control. Learn more at navan.com