Squarespace hires a new chief financial officer from Amazon

Diving brief:

  • Squarespace, the website builder and e-commerce platform, has named Nathan Gooden, 47, as chief financial officer, effective October 18. the company announced in a press release on Wednesday.
  • Gooden takes over as chief financial officer after stepping down as chief financial officer of Amazon’s Alexa and Echo units – the online retailer’s smart speakers. He has held the position since 2017.
  • He is the latest in a string of finance executives from retail giant Amazon to hold senior positions at other relatively smaller companies such as Poshmark and Lyft.

Overview of the dive:

Gooden will succeed Marcela Martin, who left the company for BuzzFeed in August, according to her LinkedIn profile. He will receive an annual base salary of $750,000 and a signing bonus of $500,000, which will be processed in two separate installments, according to an SEC filing.

Gooden’s”A strong background from leading financial organizations, combined with its deep knowledge of the technology industry, will be invaluable to Squarespace as the company continues to execute its global growth strategy and pursues its mission to help everyone having a creative idea to stand out and succeed online,” a company spokesperson wrote in an emailed statement to CFO Dive.

Squarespace has several growth initiatives underway. The spokesperson said 2022 will be “the New York-based company’s most aggressive year yet for the number of new products and features released.”

Gooden leaves Amazon as is move from a growth-oriented approach former CEO Jeff Bezos’ leadership approach to an era of cost-cutting with current CEO Andy Jassy, ​​according to a CNBC report on Wednesday. The company recently halted all global hiring for corporate positions, according to a New York Times report of October 4.

Before Gooden, one of Amazon’s most recent senior executives to leave for other businesses was Liz Coddington, left in Platoon. She was previously vice president of finance for Amazon Web Services, an Amazon subsidiary that provides on-demand cloud computing platforms.

In November 2021, Rodrigo Brumana was hired away from his role as chief financial officer of Amazon’s private label unit at Poshmark. The next month, Lyft named Elaine Paul as chief financial officer. She previously worked as chief financial officer of Amazon Studios, the retail giant’s film and television programming unit, which includes Prime Video.

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