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OrbitMI appoints new Chief Financial Officer

OrbitMI, a leading provider of maritime intelligence and analytics solutions, announced the appointment of Youn Lee as its new Chief Financial Officer (CFO), effective 1 February 2024.

Lee, who officially joined OrbitMI on 1 October 2023, brings extensive experience in finance and operations, with a distinguished career that includes leadership roles in digital transformation across various industries.

Youn Lee comes to OrbitMI from Newsmax TV, where he served as CFO/COO and was instrumental in driving financial performance and implementing data-driven decision-making processes. His diverse finance background, combined with his strategic vision, aligns perfectly with OrbitMI's mission to leverage data and technology to enhance maritime operations.

Founded in 2017, OrbitMI provides a cloud-based SaaS platform designed to help maritime organizations make better, faster decisions by unlocking the hidden value in their data. The company’s solutions include maritime intelligence and analytics, sustainability and compliance, chartering, vessel tracking, performance management, and weather routing.

"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," commented on the appointment, Ali Riaz, CEO of OrbitMI.

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 strengthening OrbitMI's financial planning and analysis capabilities, streamlining operations, and supporting strategic initiatives that align with the company's mission.

In addition, he aims to cultivate a culture of financial discipline and transparency, utilizing AI and machine learning to transform strategic planning and financial management.

As the company continues to prioritize growth, it recently appointed Tobias Constein as its new Director of Product Management to complement its expanding leadership team and drive product innovation.

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