OrbitMI, a pioneering provider of maritime intelligence and analytics solutions, is pleased to announce the appointment of Youn Lee as its new Chief Financial Officer (CFO), effective February 1, 2024.
Lee, who officially joined OrbitMI on October 1, 2023, brings a wealth of experience in finance and operations, with a distinguished career that includes leadership roles in digital transformation across various industries.
OrbitMI's mission
Youn Lee joins OrbitMI from Newsmax TV, where he served as CFO/COO and played a pivotal role in driving financial performance and implementing data-driven decision-making processes. His diverse background in finance, combined with his strategic vision, aligns perfectly with OrbitMI's mission to leverage data and technology to enhance maritime operations.
OrbitMI's mission is to leverage data and technology to enhance maritime operations
“OrbitMI’s innovative approach and commitment to sustainability and efficiency were major attractions for me,” said Youn Lee.
“I am excited to join a talented team dedicated to transforming the maritime industry through cutting-edge solutions. My goal is to optimise financial performance and drive strategic growth, ensuring long-term sustainability for the company.”
Maritime intelligence and analytics
OrbitMI, founded in 2017, provides a cloud-based SaaS platform designed to help maritime organisations make better, faster decisions by unlocking the hidden value in their data. The company’s solutions encompass maritime intelligence and analytics, sustainability and compliance, chartering, vessel tracking, performance management, and weather routeing.
Company’s keys encompass maritime intelligence and analytics, sustainability and compliance
Ali Riaz, CEO of OrbitMI, commented on the appointment, “We are thrilled to welcome Youn Lee to the OrbitMI team. His extensive experience in finance and operations, along with his strategic insights, will be invaluable as we continue to drive innovation and growth. Youn’s leadership will support our mission to make the maritime tech industry more efficient, profitable, and sustainable."
Enhancing OrbitMI's financial planning
Riaz continued, “We also extend our deepest gratitude to Andre Demarest for his invaluable contributions as CFO from the very beginning. His leadership and dedication have been instrumental in our growth and success. We are pleased that he will continue to serve on our board as a director, where his insights and experience will remain a vital asset to our team.”
In his role as CFO, Lee will focus on enhancing OrbitMI's financial planning and analysis capabilities, streamlining operations, and supporting strategic initiatives that align with the company's mission. He aims to foster a culture of financial discipline and transparency, leveraging AI and machine learning to revolutionise strategic planning and financial management. As the company continues to focus on growth, it recently brought on Tobias Constein as its new Director of Product Management to complement its expanding leadership team and enhance product innovation.
