Exclusive: Metropolis appoints new CFO as AI company nears $5 billion valuation

SEE FULL BIOLookman Olusanya, CFO of Metropolis Courtesy of MetropolisGood morning

An AI-powered urban infrastructure may be on the horizon. “The future is one where transactions happen automatically, powered by AI, and that’s the future we’re building for,” Lookman Olusanya, the new CFO of Metropolis, told me

Metropolis is an AI company enabling checkout-free payment experiences

Olusanya, who will join the company on June 30, most recently served as a CFO of Square, a company of Block

He previously held financial leadership roles at Google Cloud and Amazon Web Services (AWS)

The company has lined “drive in, drive out” ticketless parking by automating vehicle recognition and payments using computer vision and AI

There’s no need to pull a ticket, scan a code, or wait in line at a machine

However, the company’s AI capabilities are expanding beyond parking solutions. “The chance to architect the financial foundation of a company that’s redefining how people access and interact with the physical world, starting with mobility, was just impossible to pass up,” Olusanya said

He also joined Metropolis because he believes in its team and founders. “There’s ambition and courage to create an entirely new category, and I wanted to help build that,” he said. “Frankly, I haven’t been this excited a company since my early days helping build up Amazon Web Services. ” Lookman Olusanya, CFO of Metropolis Courtesy of Metropolis Los Angeles-based Metropolis, founded in 2017 by CEO Alex Israel, Peter Fisher, Courtney Fukuda, and Travis Kell, who previously served as CFO, acquired SP Plus last year for apximately $1

Olusanya describes Metropolis as building something visionary at the intersection of infrastructure, real estate, payments, and AI

The goal is to bring seamless, checkout-free transactions to life across retail, hospitality, refueling, and security

Oosto develops facial recognition and biometric nologies used in industries health care, retail, and gaming

Olusanya has spent the past two decades scaling high-growth es across cloud infrastructure, payments, and SaaS, leading finance and strategy at Square, Google Cloud, and AWS

He began his career at American Airlines

That journey, he said, has taught him how to build at scale, drive discipline, allocate capital, unify fragmented systems, and translate metrics into enterprise value. “At Metropolis, I expect to bring that same operating rigor and investor readiness, paired with a builder’s mindset,” he said

As he steps into the CFO role, Olusanya has three priorities: listen and learn; grow the company’s financial systems with AI automation and precision analytics; and build the next chapter for Metropolis

That includes creating a native AI finance organization that is nimble, deeply integrated with the , and has AI at its core. “That’s my vision,” he said

Olusanya is based in Seattle

When he’s not strategizing as CFO, you’ll find him outdoors hiking or kayaking

Ulta Beauty has started an external for a permanent successor with the assistance of an executive firm

More notable moves this week:Craig Albright was appointed EVP and CFO of Wiley (NYSE: WLY), effective June 26

Albright joins Wiley with over 30 years of global leadership experience

He recently served as CFO of Americas and Global Cash Center lead at Xerox

Before that, he served as CFO of commercial excellence at Xerox

Deborah Andrews was appointed CFO of STAAR Surgical Company (Nasdaq: STAA), effective June 25

Joe Falcão was appointed CFO of Bose fessional, an independent developer of audio systems for and institutional settings

Falcão brings more than 20 years of international financial leadership to the role

Previously Falcão has vided financial leadership for global brands including Dunkin and Cabot Corporation and managed teams at Invensys, iBasis, Thrasio, and Orva, among others

Brenda Lovcik has resigned as SVP and CFO of Trex Company, Inc. (NYSE: TREX), a manufacturer of wood-alternative decking and railing

Lovcik has accepted a position in Minnesota, near her family

She will continue to serve as CFO through Aug. 5, at which time the CFO responsibilities will be assumed on an interim basis by Bryan Fairbanks

Jason Wilson was moted to CFO of Ahold Delhaize USA, a grocery retail group with brands including Food Lion, The GIANT Company, Giant Food, Hannaford, and Stop & Shop

Prior to this role, Wilson served as SVP of finance for Food Lion

Michael Zambito was appointed CFO of Acacia Re Corporation (Nasdaq: ACTG), effective June 24

Kirsten Hoover, Acacia’s current interim CFO, will continue to serve as controller

Before joining Acacia, Zambito spent the past 30 years at Ernst & Young

Most recently, he spent over 23 years, including the last 17 as a partner, in Ernst & Young’s EY-Parthenon

Big DealThe use of is accelerating, according to re

In the past two years, the percentage of U

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