PCC Neighborhood Markets introduced on Friday that Krishnan Srinivasan has taken over as its new president and CEO.
Srinivasan transitioned to the highest function after serving because the Seattle-based co-op’s chief monetary officer for almost 4 years. Along with his time at PCC, he has expertise serving in high-level monetary and technique positions at Lyft, Amazon and Microsoft to his obligations main the co-op.
Srinivasan is the co-op’s seventh president in its almost 70-year historical past. He steps into the function that Suzy Monford abruptly exited final summer time after a brief tenure main the corporate.
PCC has chosen a brand new chief who’s already well-versed within the firm’s efficiency and enterprise technique.
Srinivasan’s appointment follows brief tenures by the co-op’s earlier two CEOs. Kroger veteran Monford stepped down in August after simply eight months serving as CEO and president. Her predecessor, Cate Hardy, left PCC after simply over 5 years to turn out to be the chief govt of The Wine Group.
Monford confronted controversy when she opposed town’s $4-an-hour hazard pay ordinance at first of final 12 months. The co-op reversed its stance and applied a $4 hourly bonus to all hourly staff throughout its fleet.
Brad Brown, a former PCC board member who served as interim CEO earlier than Monford’s appointment, quickly led the corporate whereas the board of trustees performed its search. Monford is at present heading up Seattle-based world retail consultancy agency Meals Sport Worldwide, which she based final August, per her LinkedIn.
In saying Srinivasan’s appointment to the highest roles, PCC famous he has helped the corporate navigate challenges posed by the pandemic and supported the opening of 4 areas. The co-op additionally highlighted his greater than 25 years of management expertise “with a powerful monitor document of delivering ends in constructing and scaling working processes, main monetary planning, and driving enterprise technique.”
Earlier than coming to PCC, Srinivasan was CFO at Remitly, a Seattle-based monetary companies firm, for two.5 years, and earlier than that, he served as head of product and strategic advisor to the CEO at Rover.com, an internet market for pet care companies, in accordance with his LinkedIn.
Previous to that, he served as vp of finance at Lyft for many of 2014 and spent almost eight years at Amazon, the place he labored his manner up from finance director to CFO of the corporate’s operations in Japan after which in India. As Amazon India’s CFO, he helped lead the corporate’s on-line market enlargement and labored with the management workforce on hiring and improvement.
“It has been a uncommon privilege to serve the co-op as its CFO, and I’m honored by the Board’s resolution to entrust the long run route of PCC in my care as CEO,” Srinivasan mentioned in a press release, noting he’ll work with employees, co-op members and neighbors on a “strategic plan for PCC’s long-term future.”
Srinivasan famous he and his household grew to become members of the co-op greater than 20 years in the past.
The co-op’s board of trustees led the five-month search with help from co-op management and consultancy agency Korn Ferry, per the announcement.