New names also added at Anywhere and NiSource
Media firm Sinclair – which owns, operates or provides services to 185 television stations in 85 markets – has announced former IR professional Narinder Sahai as its new executive vice president and CFO.
Sahai joins from Arcis, a leading leisure and hospitality operator, where he led financial planning, accounting, tax, treasury and debt investor relations as the company’s CFO. He was also previously CFO at powersports platform RumbleOn, a role that saw him work on transformative acquisitions.
Before working at RumbleOn, Sahai was at Amazon Web Services, where he serves as head of worldwide go-to-market finance for compute and AI/machine learning services. Before AWS, he was in an IR role at Target Hospitality, where he managed ‘all investor relations and capital markets activities for the company’s equity public market debut and executed comprehensive debt financing transactions,’ according to a statement from Sinclair. He also worked in IR at FMC Technologies and TechnipFMC.
Welcoming Sahai to the company, Chris Ripley, president and CEO of Sinclair, talks about his appointment as part of the firm’s next stage of growth. ‘Narinder’s proven track record as CFO of both publicly traded and private-equity-backed companies, combined with his operational discipline and strategic financial leadership, makes him exceptionally well-suited to guide Sinclair through its next phase of growth,’ says Ripley. ‘He brings a unique perspective having worked in multiple industries – including cloud and AI-focused companies. Narinder is a proven C-suite leader with a strong history of executing value-creating strategies, optimizing capital structures and driving margin improvement.’
Sahai also talks about his experience across a range of industries and the insight that offers him as he takes up his new position. ‘Having worked across diverse industries – from automotive and energy to consumer and technology – I have a deep appreciation for companies that are successfully transforming themselves while maintaining strong operational discipline. Sinclair’s unique position at the intersection of local media, sports, and emerging technology creates tremendous opportunities. From the company’s leadership position in local broadcasting, combined with its pioneering work in ATSC 3.0 technology, the strength of Tennis Channel and innovative ventures portfolio, I see significant potential to drive value creation for all stakeholders.’
Sahai succeeds Lucy Rutishauser, who is retiring later this year. She will now step down as CFO and continue as executive vice president to support the transition, according to Sinclair. Once retired, Rutishauser will assume the role of senior advisor.
In other appointments, Anywhere Real Estate has named Tom Hudson as its new IR lead, ‘spearheading’ engagement with the investment community as the NYSE-listed firm puts the focus on its growth strategy.
An IR professional with extensive experience at consumer-tech companies, Hudson has served in a range of senior financial positions at companies including Fanatics, Fitbit, eBay, and PayPal.
Announcing his appointment, Anywhere writes that ‘throughout his career, Hudson has helped companies navigate high-growth environments and major strategic milestones, playing a pivotal role in the evolution of Fanatics into a digital sports platform, helping guide Fitbit through its $2.1 bn acquisition by Google, and leading the successful spin-off and IPO of PayPal from eBay. Previously, he also co-led Clearbridge Investment’s research team and managed growth equity portfolios.’
Charlotte Simonelli, Anywhere executive vice president, chief financial officer and treasurer, talks of Hudson’s ‘proven ability to navigate complex organizations’ as marking him out as the ideal choice to engage around the firm’s financial momentum.
‘Tom’s leadership will strengthen our ability to communicate our story and financial foresight to the market as we unlock new growth opportunities,’ adds Ryan Schneider, Anywhere president and CEO, in a company statement.
For his part, Hudson explains why this is a ‘pivotal moment’ for the company and the real estate industry at large. ‘[Anywhere’s] renewed focus on growing, innovating and making savvy moves to improve its capital structure present an exciting opportunity to reintroduce its story to the investment community in a way that reflects its momentum and long-term potential.’
Over at NiSource, the US utility has named Durgesh Chopra as vice president of IR, effective July 7. Having most recently served as an equity analyst at Evercore, Chopra is actually making the move back to investor relations, having previously served as director of IR at American Water, ‘where he played a key role in shaping the company’s investor messaging and outreach’.
Shawn Anderson, NiSource CFO, welcomes Chopra to the company: ‘Durgesh combines deep investment community insight with hands-on experience in regulated utilities,’ he says in a statement. ‘His ability to communicate complex financial strategies and his dedication to serving communities align perfectly with NiSource’s mission to deliver safe, reliable energy to our customers.’
Open IR positions
Each week, we will post a selection of IR jobs from around the internet that are currently recruiting.
If you have an open position in your IR team that you’d like us to feature here, please let us know at [email protected]
UK
Elemental Altus Royalties is hiring an IR analyst to its London team
Europe
Swiss Life is looking for a new head of IR in Zurich
Siemens Energy is advertising a senior IR manager to join its Berlin team
Porsche AG is offering an IR internship in Germany
In what is perhaps a start-of-summer trend, German firm Klöckner & Co is also offering an internship in IR for those keen to get into the profession
In Spain, Hotel Investment Partners is seeking a new IR analyst to work in Barcelona
Middle EastTanmiah Food Company is hiring a corporate communications and IR manager to work in Saudi Arabia
