US: Online RV rental and outdoor travel marketplace marketplace Outdoorsy has announced that Michael Dougherty has joined the company as chief financial officer [CFO] and chief operating officer [COO].
Dougherty joins Outdoorsy from iHeartMedia, where he was the co-founder and CEO of Jelli, the world’s largest digital ad platform for audio.
He will bring an extensive background in corporate finance, financial planning and analysis, investor relations, mergers and acquisitions, strategic leadership and risk management.
Outdoorsy co-founder and CEO, Jeff Cavins, said: “I’m thrilled to welcome Mike to Outdoorsy where he will undoubtedly make an impact as a financial and operational leader, accelerating the growth of our business globally. I am particularly impressed with Mike’s approach to leadership when it comes to the strategic and operational requirements of a CFO and COO, as well as his ability to navigate and lead transformational growth.
“Mike is joining the Outdoorsy leadership team who is committed to accelerating growth sustainably on behalf of the many thousands of owners and travellers we serve in our marketplace,” he added.
Dougherty will lead Outdoorsy’s financial operations and corporate and strategic development, as well as the operating functions of the company, and report directly to Cavins.
The new CFO and COO said: “It is a fantastic time to be joining Outdoorsy. The company has grown rapidly over the past five years, and the unquenchable consumer interest across the globe has created greater opportunities for the company to fulfil and support this demand for travel.
“Jeff and his entire executive team recognise the importance of innovation and the world’s love for outdoor travel, and are focused on making a customer-first ethos a mandate at Outdoorsy. For these reasons, I’m inspired to join Outdoorsy and help build a stronger, global, consumer-centric company,” he added.
Dougherty has more than 27 years of management and financial experience in capital markets, finance, and in executive leadership roles, at both public and private technology companies. He spent seven years on Wall Street as vice president of investment anking at Chase H&Q in New York City, managing teams specialising in leveraged finance and emerging technology growth / build-out financings, closing $11.2 billion in financings during his investment banking career.
Prior to joining Outdoorsy, Dougherty served for more than a decade as the chief executive officer and co-founder of Jelli, a subsidiary of iHeartMedia and the largest cloud-based technology platform for the $40 billion global audio advertising market. Under his leadership, the company grew to reach hundreds of millions of people monthly, serving billions of audio ads.
Founded in 2015, Outdoorsy serves to provide more than 200,000 unique vehicles to rent in 4,800+ cities across 14 countries around the world.
The company has also been recognised by SimilarWeb in the Digital 100, an annual ranking of the fastest-growing digital brands across ten industry categories. Outdoorsy was ranked higher than other RV rental marketplaces on the list, coming in at ninth in the Travel Experiences category, and clocking the longest average visit duration of all the sites in the category.