Draper-based Nav, a fintech company that matches business owners with financing options, has appointed Greg Ott as CEO. The company’s board of directors said that Nav co-founder Levi King has stepped down from his role as CEO and has been named executive chairman of the board.{mprestriction ids="1,3"}
“The board and I are confident in Greg’s proven ability and expertise to take the reins at Nav,” said King. “Greg is an innovative and results-driven leader that assembled a talented and accomplished workforce, not just on the executive team, but companywide. His superior leadership skills have led the company through several healthy changes to create a more mature, focused and dedicated company and we look forward to seeing the propulsion he creates moving forward.”
In his role as CEO, Ott will assume day-to-day leadership of the company and will also join Nav’s board of directors.
Since joining Nav in 2015, Ott has helped the company raise nearly $90 million in equity capital and grow revenue, headcount and strategic partnerships while achieving various milestones, including a partnership with point of sale solutions provider Clover. Ott has held various positions within the Nav management structure.
“I am honored to be entrusted with the responsibility of this caliber,” said Ott. “Nav’s founders created a company that is truly unique in its ability to revolutionize how small-business owners navigate and access capital to grow their business. I look forward to building upon Nav’s successes and furthering the company’s vision of aligning financing qualifications, predicting needs and facilitating transactions between data providers, lenders, partners and small businesses.”
Prior to joining Nav, Ott served as vice president of marketing for Intuit QuickBooks.
“Greg is a proven professional in building profitable and dynamic businesses,” said Randy Komisar, partner at Nav stakeholder Kleiner Perkins and a Nav board member.{/mprestriction}
