SOND - Sonder stock surges on new CFO appointment

2023-03-06 14:12:09 ET

Sonder Holdings ( NASDAQ: SOND ) jumped to a double-digit percentage gain on Monday after announcing a new finance chief.

According to the company, Dominique Bourgault will join the company as Chief Financial Officer effective immediately.

“Dominique brings over two decades of finance leadership experience in global growth businesses along with valuable experience in the travel and hospitality industry,” said Francis Davidson, Co-Founder and CEO of Sonder. “He has a track record of delivering against ambitious performance targets and leading finance transformations in a way that complements our culture of rapid innovation.”

Bourgault was previously CFO at online diamond and jewelry retailer Blue Nile, aiding in the company’s eventual sale to Signet Jewelers. Prior to that position, Bourgault held executive roles at Expedia Group including the CFO of Hotels.com and CFO of the Retail group within Expedia.

Shares of Sonder Holdings ( SOND ) surged 15.54% in afternoon trading on nearly 200% of the daily average trading volume. Despite the jump on Monday, the San Francisco-based hospitality company’s stock remains nearly 90% below its post-SPAC peak.

Read more on the company’s most recent earnings result .

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