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Robinhood CFO Delegates Key Accounting Role
1 Jul
Summary
- Robinhood's CFO Shiv Verma delegated the PAO role.
- Dara Bazzano, former T-Mobile US CAO, appointed as Robinhood's CAO.
- The move separates strategic finance from accounting leadership.
Robinhood CFO Shiv Verma has delegated his Principal Accounting Officer (PAO) duties to Dara Bazzano, the company's new Chief Accounting Officer (CAO), as of June 25. Bazzano, who joined Robinhood in April, brings extensive experience from her previous roles as CAO for T-Mobile US and The Gap.
This delegation signifies a strategic separation of accounting leadership from the CFO's role, a trend observed across industries as CFO positions become more focused on strategy. Bazzano will oversee accounting, tax, financial reporting, and internal controls for Robinhood.
Bazzano's compensation package includes a $425,000 base salary, a 40% target bonus, and significant equity awards, along with a $400,000 sign-on bonus. This structural change aligns with Robinhood's scaling as a public company, enhancing its financial operations leadership.
