NEW YORK, March 10 (Reuters) – Organic baby food underwriting company Yumi said on Wednesday it has hired Sarah-Marie Martin, investment banker for Goldman Sachs Group Inc, to be its chief financial officer.
Martin, a 25-year veteran in the investment banking industry, was a partner and senior banker in Goldman’s financial and strategic investor group.
She is the last Goldman partner to leave the firm following the departure of Eric Lane, global co-head of asset management, Karen Seymour, general counsel for the bank, 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 easier to feed children healthy foods for working parents.
“What they do to make the lives of working parents easier and create healthier outcomes for young children… resonated with me,” said Martin.
The Los Angeles-based startup makes purees, baby food and snacks for children up to the age of 2, with delivery available to the 48 contiguous states.
Martin said his goal would be to continue to develop Yumi’s core business and seek opportunities to add new product lines.
Goldman Sachs declined to comment on Martin’s departure. (Reporting by Elizabeth Dilts Marshall, editing by Jonathan Oatis)