BOULDER — Email delivery services provider SendGrid Inc. announced Thursday that it has hired former DigitalGlobe chief financial officer Yancey Spruill to serve as both CFO and chief operating officer.
The COO role is a newly created position at Boulder-based SendGrid. Spruill replaces Chad Varra as CFO. A company spokesman on Thursday said Varra has left the company to pursue other interests.
How a business manages its inventory can have a tremendous impact on the financial health of the company. Managed properly, inventory can be a great source of increased margins, higher revenue, or a combination of the two.
The hiring of Spruill comes as SendGrid is viewed by many as one of the area’s next candidates for an initial public offering. CEO Sameer Dholakia told BizWest in December that he expects that SendGrid would likely raise another round of funding in 2016, with a possible IPO following not long after that.
Spruill led satellite-imagery provider DigitalGlobe’s IPO in 2009. He left the company in October of last year, having overseen the growth of the company during his 10-year tenure to $650 million in annual revenue. Prior to DigitalGlobe, he’d worked as an investment banker and engineer.
“Yancey has the ideal combination of skill sets and public company experience to drive the continued growth of SendGrid and help build our great company,” Dholakia said in a prepared statement.