An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
Sonder Holdings Inc. appoints Dominique Bourgault as Chief Financial Officer
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Positive)
Tags
management
Rhea-AI Summary
Sonder Holdings Inc. (NASDAQ: SOND) announced the appointment of Dominique Bourgault as its new Chief Financial Officer, effective March 6, 2023. Bourgault brings over 20 years of finance experience, mainly in the travel and hospitality sectors, including previous roles at Blue Nile and Expedia Group. His leadership is expected to enhance Sonder's focus on achieving profitability through its Cash Flow Positive Plan, aiming for long-term value creation for investors. CEO Francis Davidson highlighted Bourgault's track record in meeting performance targets and finance transformations.
Positive
Appointment of Dominique Bourgault as CFO may enhance financial leadership.
Bourgault's extensive experience in finance and hospitality could strengthen Sonder's strategic execution.
Focus on achieving profitability without additional fundraising aligns with investor interests.
Negative
Change in financial leadership may raise concerns about continuity during a critical period.
Bourgault's previous experience with Blue Nile during COVID-related challenges may signal potential volatility.
SAN FRANCISCO--(BUSINESS WIRE)--
Sonder Holdings Inc. (NASDAQ: SOND), a leading next-generation hospitality company that is redefining the guest experience through technology and design, announced the appointment of Dominique Bourgault as Chief Financial Officer, effective March 6, 2023. Bourgault joins Sonder as the company continues to execute on its Cash Flow Positive Plan to achieve profitability without additional fundraising.
“Dominique brings over two decades of finance leadership experience in global growth businesses along with valuable experience in the travel and hospitality industry,” said Francis Davidson, Co-Founder and CEO of Sonder. “He has a track record of delivering against ambitious performance targets and leading finance transformations in a way that complements our culture of rapid innovation.”
“I’m thrilled to join Sonder at a pivotal moment in the company’s evolution as we work to drive long-term value for our investors and stakeholders,” said Bourgault. “As global hospitality trends continue to evolve, I look forward to working with the business to deliver on our strategy, build world-class finance capabilities, and capture the profitable growth opportunity we have in front of us.”
Prior to Sonder, Dominique was CFO at Blue Nile, Inc., a pioneer retailer in online diamonds and fine jewelry, steering the capital allocation process through the ups and downs of COVID, preparing the company to go public via SPAC, and ultimately leading the strategic sale of the company to Signet Jewelers Limited. Before Blue Nile, he spent 18 years with Expedia Group, Inc. in a variety of finance roles, including serving as CFO of Hotels.com LP, SVP of Corporate Finance, and CFO of the Retail group, the largest division by revenue and profitability within Expedia Group.
About Sonder Holdings Inc.
Sonder (NASDAQ: SOND) is revolutionizing hospitality through innovative, tech-enabled service and inspiring, thoughtfully designed accommodations combined into one seamless experience. Launched in 2014 and headquartered in San Francisco, Sonder provides a variety of accommodation options — from spacious rooms to fully-equipped suites and apartments — found in over 40 markets spanning ten countries and three continents. The Sonder app gives guests full control over their stay. Complete with self-service features, simple check-in and 24/7 on-the-ground support, amenities and services at Sonder are just a tap away, making a world of better stays open to all.
Who is the new CFO of Sonder Holdings Inc. (NASDAQ: SOND)?
Dominique Bourgault has been appointed as the new Chief Financial Officer of Sonder Holdings Inc., effective March 6, 2023.
What experience does Dominique Bourgault bring to Sonder Holdings Inc.?
Bourgault brings over 20 years of finance experience, including leadership roles at Blue Nile and Expedia Group, specifically in the travel and hospitality sectors.
What is Sonder's Cash Flow Positive Plan?
Sonder's Cash Flow Positive Plan aims to achieve profitability without further fundraising, focusing on long-term value for investors.
Why is the appointment of a new CFO significant for Sonder Holdings Inc.?
The appointment of a new CFO is significant as it could impact financial strategies and stability during a pivotal time for the company's growth and profitability.
