Online stock trading service Robinhood has announced that it has hired Jason Warnick as its chief financial officer and a member of the leadership team. In this role, Warnick will oversee finance, accounting, treasury, and related functions. And Warnick is going to report to Robinhood co-founder and co-CEO Vlad Tenev.
“We’re incredibly lucky to have Jason join our leadership team. From the first time we met Jason, we were amazed and humbled by his problem-solving abilities and by the depth of his strategic thinking,” said Tenev in a company announcement. “We look forward to working with Jason to build out our operational and financial infrastructure and continuing to deliver the best possible financial products to our customers at the best possible prices.”
Recode pointed out that this move will help push Robinhood towards an initial public offering (IPO). While on stage at the TechCrunch Disrupt conference earlier this year, Robinhood CEO Baiju Bhatt said that being a public company aligns with their mission and the plan is to do so in the “medium to long term.”
Prior to joining Robinhood, Warnick worked at Amazon for nearly twenty years. Most recently, Warnick was the VP of Finance and Chief of Staff to Amazon’s CFO. While at Amazon, Warnick oversaw the company’s investor relations, risk management, internal audit, benchmarking, and compliance teams. In this role, he led a team of about 500 people.
“I’m thrilled to join the amazing team at Robinhood and look forward to advancing our mission to democratize America’s financial system. This is an exciting time for us, and I look forward to accomplishing great things together,” added Warnick.
Robinhood is considered one of the fastest-growing brokerages with more than six million customers. And the company is valued at about $5.6 billion. The service is appealing to millennials because it allows users to buy and sell stocks without having to pay trading fees like other trading services.
