Pony.ai, an autonomous driving tech venture, has revealed that it has hired Lawrence Steyn as its new Chief Financial Officer to boost its global growth. Steyn will join the US and China-based company from JP Morgan, where he currently serves as the Vice Chairman of Investment Banking.
When Steyn jumps from Wall Street to Silicon Valley, he will bring over 30 years of financial industry experience to support Pony.ai’s commercial growth and global deployment.
“With the innovation and hard work of our extraordinary team, Pony.ai has emerged as an industry leader,” CEO and Founder James Peng said in a . “Lawrence’s significant global expertise will help write the next chapter of our story.”
“I am very excited at the opportunity to work alongside James and the Pony.ai team to build the future of transportation,” Mr. Steyn added. “Together, we’ll tackle some of the biggest challenges of our time and deliver products and services that change millions of lives for the better. I look forward to executing on the company’s priorities, accelerating growth, and enhancing value for shareholders and all stakeholders.”
Steyn, a Harvard University graduate, got his start as an Analyst at Disney before receiving an MBA from Wharton School of the University of Pennsylvania. He later served as a VP and Executive Director at Goldman Sachs before jumping to Morgan Stanley as a Managing Director. Since 2018, Steyn has been Vice Chairman of Investment Banking at JP Morgan.
“Together, we’ll tackle some of the biggest challenges of our time and deliver products and services that change millions of lives for the better,” Steyn commented. “I look forward to executing on the company’s priorities, accelerating growth, and enhancing value for shareholders and all stakeholders.”
The Toyota-backed self-driving startup announced it will begin daily fully driverless testing in California. The company also is to raise funds to support it continued growth, a task Steyn is well suited to lead.
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