Toddler foodstuff business Yumi hires Goldman investment decision banker as CFO

NEW YORK (Reuters) – The organic infant foodstuff membership organization Yumi reported on Wednesday that it experienced hired Goldman Sachs Team Inc financial investment banker Sarah-Marie Martin to be its main financial officer.

Martin, a 25-yr veteran of the investment banking marketplace, was a lover and senior banker with Goldman’s monetary and strategic buyers team.

She is the most current Goldman associate to go away the business subsequent the departures of Eric Lane, the worldwide co-head of asset administration, Karen Seymour, the bank’s standard counsel, and some others.

Martin is the mother of five small children, which includes three adopted young children. She explained in an job interview that, following a 12 months put in operating from dwelling with her family, she was drawn to this career since Yumi can make feeding children nutritious foodstuff simpler on doing the job dad and mom.

“What they are doing to make doing work parents’ lives less difficult and generate much healthier outcomes for youthful youngsters … resonated with me,” Martin said.

The Los Angeles-based startup tends to make purees, newborn food items and snacks for children up to the age of 2, with shipping and delivery out there throughout the 48 contiguous states.

Martin claimed her target will be to continue on to scale Yumi’s core organization and look for possibilities to add new solution strains.

Goldman Sachs declined to remark on Martin’s departure.

Reporting by Elizabeth Dilts Marshall enhancing by Jonathan Oatis