10:38:08 PM PST - Tuesday, December 6th, 2022

Pipe’s founding team stepping down as hunt for ‘veteran’ CEO begins  

By Editor - Tue Nov 22, 9:43 am

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The three co-founders of alternative financing startup Pipe are stepping down from their roles as executives of the company in one of the most dramatic management shake-ups seen in the fintech startup world in some time. Miami-based Pipe said today it is on the hunt for a “veteran” CEO as Harry Hurst, who has been the face of the company since its 2019 inception, transitions from his role as co-CEO to vice chairman. Fellow founder and co-CEO Josh Mangel will temporarily assume the role of chief executive while Hurst leads the search and subsequent transition in leadership with the help of a global executive recruitment firm. Once a new CEO has been named, Mangel will become executive chairman of Pipe, focusing on product and strategy. CTO and co-founder Zain Allarakhia will remain on the board and serve as a senior advisor to the company. Usman Masood, currently the EVP of engineering, will take over as chief technology officer. “We are looking for someone who has significant operational experience scaling businesses, from product market fit to market leadership all the way through to rapid growth on a global scale,” Hurst said

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Pipe’s founding team stepping down as hunt for ‘veteran’ CEO begins

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