On Monday, The Commerce Desk introduced Nate Olmstead would be the firm’s chief monetary officer. Olmstead is the corporate’s fourth finance chief in roughly a yr. The corporate mentioned Olmstead will be a part of the The Commerce Desk on July 9 and report back to CEO Jeff Inexperienced.
Olmstead’s rent comes because the adtech firm appears to be like to regular its management ranks throughout a interval of heightened scrutiny from buyers and company companions.
“The Commerce Desk has constructed a remarkably sturdy and differentiated enterprise over the previous decade, and I like the dedication to serving to form a greater, extra open web,” Olmstead mentioned in an announcement.
A number of high-level workers have left the group in latest months, together with three CFOs, an exodus of a number of senior executives, and 4 board members.
Olmstead most lately served as CFO of Penguin Options, an AI firm. Previous to that, he was CFO at Logitech and spent greater than 16 years in senior finance roles at Hewlett-Packard and Hewlett Packard Enterprise.
“From our earliest days, The Commerce Desk has centered on constructing for the long run — for our purchasers, our companions and the broader open web,” Inexperienced mentioned in an announcement. “Nate deeply understands that mission and brings the expertise, rigor and management to assist information our subsequent part of development. I stay up for having him on our management workforce.”
The appointment follows the “termination” of former CFO Alex Kayyal earlier this yr. Kayyal joined The Commerce Desk in 2025 however exited roughly six months into the function, a transfer that drew consideration from buyers given the brief tenure.
Within the interim, chief accounting officer Tahnil Davis stepped in to supervise finance. Davis, an 11-year veteran of the corporate, will proceed in her function as chief accounting officer and report back to Olmstead.
Olmstead joins The Commerce Desk at a consequential stretch for the corporate with its inventory down about 70% over the previous yr.
