Sinclair Names Narinder Sahai EVP and CFO

Sinclair has named Narinder Sahai as govt vp and chief monetary officer.He takes over fo Lucy Rutishauser, who will retire later this yr. She’ll keep on as evp to assist the transition after which tackle the function of Senior Advisor.Sinclair mentioned Sahai brings greater than 20 years of economic management throughout publicly traded and private-equity-backed corporations, with “deep experience” throughout the complete breadth of finance capabilities, together with capital markets, treasury, controllership, investor relations, mergers and acquisitions, and planning and evaluation. He additionally has robust know-how experience, together with synthetic intelligence and machine studying, from his Amazon Net Companies (AWS) expertise and undergraduate diploma in electronics and electrical communication engineering.Earlier than becoming a member of Sinclair, Sahai was CFO at Arcis, a leisure and hospitality operator, the place he led monetary planning, accounting, tax, treasury, and debt investor relations. He was CFO of RumbleOn, Inc. earlier than that.Sahai labored as Head of Worldwide Go-to-Market Finance for Compute and AI/Machine Studying companies at AWS, offering monetary management for specialist gross sales groups throughout international markets. Earlier than AWS, Sahai served as senior vp, treasurer and investor relations at Goal Hospitality Corp., the place he managed all investor relations and capital markets actions for the corporate’s fairness public market debut and executed complete debt financing transactions.“Narinder’s confirmed observe report as CFO of each publicly traded and private-equity-backed corporations, mixed together with his operational self-discipline and strategic monetary management, makes him exceptionally well-suited to information Sinclair via its subsequent part of development,” mentioned Chris Ripley, president and CEO of Sinclair. “He brings a singular perspective having labored in a number of industries-including cloud and AI-focused corporations. Narinder is a confirmed C-suite chief with a powerful historical past of executing value-creating methods, optimizing capital constructions, and driving margin enchancment. We’re wanting ahead to him constructing on our tradition of success, business management, and best-in-class finance staff, particularly as we advance commercialization methods round ATSC 3.0 and proceed to ship long-term worth for our stakeholders.”Sahai holds a Bachelor of Engineering in Electronics and Electrical Communication Engineering, graduating as valedictorian from Thapar College in India, and a Grasp of Enterprise Administration with Excessive Distinction from the Ross Faculty of Enterprise on the College of Michigan, Ann Arbor. Sahai can also be a CFA® Charterholder.“I’m honored to hitch Sinclair throughout such an thrilling interval of transformation and development,” mentioned Sahai. “Having labored throughout numerous industries-from automotive and power to client and technology-I’ve a deep appreciation for corporations which can be efficiently reworking themselves whereas sustaining robust operational self-discipline. Sinclair’s distinctive place on the intersection of native media, sports activities, and rising know-how creates large alternatives. From the corporate’s management place in native broadcasting, mixed with its pioneering work in ATSC 3.0 know-how, the energy of Tennis Channel, and modern ventures portfolio, I see important potential to drive worth creation for all stakeholders. I sit up for working with Chris, the Board, and all the staff to execute on Sinclair’s strategic imaginative and prescient whereas sustaining the robust monetary self-discipline that has positioned the corporate for fulfillment.”