NEW YORK (Reuters) – Organic baby food subscription company Yumi said on Wednesday it had hired Goldman Sachs Group Inc investment banker Sarah-Marie Martin to be its chief financial officer.
Martin, a 25-year veteran of the investment banking industry, was a partner and principal banker in Goldman’s Financial and Strategic Investors Group.
She is the latest Goldman partner to leave the firm following the departures of Eric Lane, the co-head of global asset management, Karen Seymour, the bank’s general counsel, and others.
Martin is the mother of five children, including three adopted children. She said in an interview that after a year of working from home with her family, she was drawn to this job because Yumi makes it easy to feed children healthy foods for working parents.
“What they’re doing to make life easier for working parents and create healthier outcomes for young children…resonated with me,” Martin said.
The Los Angeles-based startup makes purees, baby food and snacks for kids up to age 2, with shipping available in the 48 contiguous states.
Martin said his goal will be to continue to develop Yumi’s core business and look for opportunities to add new product lines.
Goldman Sachs declined to comment on Martin’s departure.
Reporting by Elizabeth Dilts Marshall; edited by Jonathan Oatis