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Knightscope Announces CFO Transition, Focuses on Profitable Growth
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)-- Knightscope, Inc. [Nasdaq: KSCP] (“Knightscope” or the “Company”), a leading developer of autonomous security robots
About this update from Knightscope, Inc.
[{"type":"text","content":" MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--\nKnightscope, Inc. [Nasdaq: KSCP] (“Knightscope” or the “Company”), a leading developer of autonomous security robots and blue light emergency communication systems, today announces that Apoorv S Dwivedi, a seasoned finance executive, has accepted the position of Executive Vice President and Chief Financial Officer of Knightscope, effective January 2024.\n\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231206867168/en/Knightscope Announces CFO Transition, Focuses on Profitable Growth (Graphic: Business Wire)\nMallorie Burak, President and CFO, will be stepping down in early January 2024 to pursue other opportunities. William Santana Li, Chairman and CEO, will be re-assuming operational responsibilities of the President. This is one of several strategic moves on Knightscope’s path to profitability as the Company seeks to focus on profitable growth, margin enhancements, operational efficiencies and streamlined decision making.\n\n\n“We wish to thank Mallorie for her service and we are extremely excited to welcome Apoorv to the Knightscope team,” said William Santana Li, Chairman and CEO, Knightscope, Inc. “We would be hard pressed to find an executive that is this highly experienced and energetic, and who has worked across several major corporations, been through the grueling challenges of a highly complex startup, taken a company public, and happens to be fluent in Reg A+ regulatory frameworks with an Ivy league education,” continued Li.\n\n\nWith extensive finance and corporate strategy experience, Dwivedi most recently served as the Chief Financial Officer of Nxu, Inc. (NXU). He joined the company in 2022 and helped to take it public on Nasdaq in the same year. He then led the company’s strategy around capital markets, investor relations, finance operations and corporate growth. Prior to his CFO role at Nxu, Dwivedi served as Director of Finance for Cox Automotive from 2019 to 2022 where he successfully ran the Manheim Logistics business. From 2018 to 2019, he was the Director of Presales at the SaaS company Workiva, and from 2010 to 2017 Dwivedi served in several corporate finance roles of increasing responsibility at the General Electric Company across both the GE Capital and GE Industrial businesses. Dwivedi began his car...