Remitly appoints Vikas Mehta as CFO; Hemanth Munipalli resigns effective Aug 19, 2024

Remitly Global, Inc.

Vikas Mehta named CFO effective Aug 19, 2024; succeeds Hemanth Munipalli, who resigns for family reasons.
Mehta previously CFO of Komodo Health, Anaplan, Nike Direct; 25+ years at Walmart, Microsoft, PayPal.
Mehta receives $290k base salary, up to 875k RSUs or $12M value (4-yr vest), plus $2M cash payment (2-yr vest).
Munipalli remains through Sept 30, 2024 for orderly transition; no accounting disagreements.
EVP Rene Yoakum to retire effective Dec 31, 2024; oversees transition of duties.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Hemanth Munipalli

Chief Financial Officer

RELY · Remitly Global, Inc.

Effective: 2024-08-19
Successor: Vikas Mehta
Filed: August 1, 2024, 7:59 PM ET

Hemanth Munipalli will resign from his position with the Company effective August 19, 2024.

Departed

Rene Yoakum

EVP, Customer and Culture

RELY · Remitly Global, Inc.

Effective: 2024-12-31
Filed: August 1, 2024, 7:59 PM ET

Rene Yoakum, the Company’s EVP, Customer and Culture provided notice that she will retire from the Company effective December 31, 2024.

Appointed

Vikas Mehta

Chief Financial Officer

RELY · Remitly Global, Inc.

Effective: 2024-08-19
Filed: August 1, 2024, 7:59 PM ET

On July 29, 2024, the Board of Directors (the “Board”) of Remitly Global, Inc. (the “Company”) approved the appointment of Vikas Mehta as Chief Financial Officer (“CFO”) of the Company, effective as of Mr. Mehta’s commencement of employment with the Company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Hemanth Munipalli resigned as Chief Financial Officer at Remitly Global, Inc..

Action: resigned
Role: Chief Financial Officer

Exact text from the filing

Hemanth Munipalli will resign from his position with the Company effective August 19, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Rene Yoakum departed as EVP, Customer and Culture at Remitly Global, Inc..

Action: retire
Role: EVP, Customer and Culture

Exact text from the filing

Rene Yoakum, the Company’s EVP, Customer and Culture provided notice that she will retire from the Company effective December 31, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Vikas Mehta was appointed as Chief Financial Officer at Remitly Global, Inc..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

On July 29, 2024, the Board of Directors (the “Board”) of Remitly Global, Inc. (the “Company”) approved the appointment of Vikas Mehta as Chief Financial Officer (“CFO”) of the Company, effective as of Mr. Mehta’s commencement of employment with the Company.

View on SEC.gov

Remitly Global, Inc. filing history →

Source: SEC EDGAR

accession 0000950103-24-011327

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