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Plaid names first company president in another step toward IPO

Plaid named Cloudflare's Jen Taylor as its first president as the financial-technology company continues to diversify its products and readies itself for a public listing. Taylor was most recently chief product officer at Cloudflare and earlier had stints at Salesforce and Meta. Her hiring comes just months after Plaid installed its first CFO.

“The demand for these new products has been even greater than we anticipated,” Chief Executive Officer Zach Perret said in a memo to staff seen by Bloomberg. “Jen’s experience scaling products to meet increasing customer demand will be invaluable.”

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plaid, ipo