Tech Moves

Tech Strikes: Remitly CFO will step down; OfferUp hires former Kellogg exec; and extra

Susanna Morgan. (Remitly Photo)

— Susanna Morgan is stepping down as CFO of Remitly.

Morgan joined the Seattle-based digital remittance company in 2018, following finance exec roles at Apptio, Concur, and Vertafore.

Remitly announced Morgan’s departure as part of its first quarter earnings report. The company, which went public last year, said Morgan will step down later in 2022 and continue in an advisory capacity until Sept. 30. Remitly is using an executive search firm to find a replacement.

— Rishi Padhi, former vice president and general manager of e-commerce at Kellogg, joined OfferUp as vice president and head of marketing.

Padhi spent three years at Kellogg and oversaw e-commerce strategy for North America. He also founded an online subscription-based grocery marketplace called PantryPerks and was a director at eBay, one of OfferUp’s competitors.

Founded in 2011, Bellevue, Wash.-based OfferUp runs a marketplace for used goods. The company landed a former director and other notable executives from Amazon and T-Mobile last year. OfferUp currently ranks No. 6 on the GeekWire 200 index of the fastest-growing startups in the Pacific Northwest.

Adam Coccari. (Photo courtesy of Adam Coccari)

— Adam Coccari, former operating partner of Microsoft’s venture fund, joined SeaChange Fund as managing partner.

Coccari previously worked at Microsoft for more than seven years where he oversaw M12, Microsoft’s venture fund. Coccari also worked on cloud infrastructure as a manager at Azure.

SeaChange Fund is a venture capital firm that backs early-stage startups based in the Pacific Northwest. SeaChange Fund’s portfolio includes Factal, a breaking news startup, Vouched, an ID verification software solution, Spiral Genetics, a woman-led DNA analysis startup, Violet, an e-commerce company, and Pattern, a Vancouver, B.C.-based gig labor company.

— Ee Lyn Khoo, former chief people officer at Redfin, joined Avalara as chief people officer.

Khoo spent about a year at Redfin and previously worked at Amazon for more than 13 years in human resources leadership roles.

Avalara is a Seattle-based tax compliance software provider. Avalara posted $699 million in revenue in 2021, up 40% year-over-year.

John Banczak. (Vacasa Photo)

John Banczak was promoted to chief strategy officer at Vacasa.

Banczak previously served as the co-founder and chief executive officer of TurnKey prior to its acquisition by Vacasa in March 2021. Banczak also worked as vice president at for more than two years.

Vacasa is a Portland, Ore.-based vacation rental home management company that went public in 2021. Its revenue for 2021 was up 81% year-over-year.

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