Lessen Appoints Arvind Bobra as Chief Financial Officer

Rhea-AI Summary

Lessen, a premier tech-enabled real estate property services platform, has announced the appointment of Arvind Bobra as chief financial officer. Bobra brings extensive experience in finance and will lead Lessen's financial planning and strategy.

Premier tech-enabled real estate property services platform adds veteran finance executive to help spearhead next phase of growth

SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- Lessen, the premier tech-enabled, end-to-end solution for outsourced real estate property services, announced today the appointment of Arvind Bobra as chief financial officer. Bobra brings an established strategic leadership track record, strengthening Lessen for its next stage of growth.

“We’re thrilled to welcome Arvind Bobra to the team,” said Jay McKee, CEO of Lessen. “He brings a level of expertise that will propel Lessen to the next level and we’re excited for the next step of our company’s evolution.”

Bobra is a veteran public company finance executive who has led through rapid growth and driven financial discipline and maturity — including setting, communicating and meeting financial guidance, driving profitability, and managing working capital, cash flow and treasury. As CFO, he will lead Lessen’s financial planning, accounting and forward-looking financial strategy.

“Lessen has executed stellar progress throughout the last few years from the company’s launch through its recent acquisition of SMS Assist, and I’m looking forward to joining such an impressive team at this exciting part of the journey,” said Bobra.

Bobra most recently served as senior vice president of finance at Axon Enterprise (Nasdaq: AXON), where he led financial planning and analysis, product finance, commercial finance, and treasury. In his eight-year tenure at Axon, Bobra served in a variety of finance roles, including investor relations, and built several critical functions and processes that helped scale the company’s revenue from $200 million to $1.2 billion, supported by a SaaS business that grew from less than $20 million to more than $500 million in annual recurring revenue.

Prior to Axon, Bobra spent five years as director of finance and business development at Ferroglobe PLC (formerly Globe Specialty Metals), where he played a critical role in the execution of the company’s growth strategy, including its IPO and four subsequent acquisitions. Bobra began his career at Lazard LLC in mergers and acquisitions. He holds a B.A. from the University of Chicago and an MBA from Columbia Business School.

About Lessen

Lessen, together with SMS Assist, is the world class, tech-enabled, end-to-end property service provider transforming how commercial and residential real estate services are delivered and managed at scale. Our technology platform provides data-driven insights that unlock key growth opportunities for the entire real estate ecosystem—including investors, owners, managers, and service providers. Lessen enables local field managers to deploy and oversee a network of vetted, qualified vendors acting as one unit across distributed property portfolios—serving a national footprint of more than 1 million properties and completing more than 2.5 million work orders annually across an expanding range of services. Lessen, Inc. is a venture-backed, privately held company with offices in Scottsdale and Chicago. To learn more, visit Lessen.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230718522260/en/

Brent Shelton

PRforLessen@bospar.com

Source: Lessen, Inc.

FAQ

Who has Lessen announced as their new chief financial officer?

Lessen has announced Arvind Bobra as their new chief financial officer.

What is Lessen?

Lessen is a premier tech-enabled, end-to-end solution for outsourced real estate property services.

What will Arvind Bobra be responsible for as CFO of Lessen?

As CFO, Arvind Bobra will be responsible for leading Lessen's financial planning, accounting, and forward-looking financial strategy.

What is Arvind Bobra's background and experience?

Arvind Bobra is a veteran public company finance executive who has led through rapid growth and driven financial discipline and maturity. He has experience in financial planning and analysis, product finance, commercial finance, and treasury.

What are some of Arvind Bobra's notable achievements?

Arvind Bobra played a critical role in scaling Axon Enterprise's revenue from $200 million to $1.2 billion and growing its SaaS business from less than $20 million to over $500 million in annual recurring revenue. He also contributed to Ferroglobe PLC's growth strategy, including its IPO and acquisitions.