Sonder Holdings CFO Michael Hughes has resigned, effective Aug.15, the San Francisco-based accommodations provider announced in a Thursday news release.
Hughes departs the company only several months after assuming the chief financial officer role in January. According to a company filing with the Securities and Exchange Commission, Hughes’ resignation is “not related to any issues regarding accounting policies, standards or practices, reporting obligations or other regulations, or internal control over financial reporting.”
The announcement comes roughly two months after Sonder co-founder Francis Davidson stepped down from his role as CEO in June, at which time Sonder Chairperson of the Board Janice Sears took over as interim CEO.
The company’s chief executive search process remains underway. The board expects to name a permanent successor, who will also be actively involved in the CFO search process, by year-end, Sonder detailed Thursday. Currently, Sears has assumed all CFO responsibilities on an interim basis until that successor is appointed, according to the SEC filing.
“On behalf of the Sonder team, I want to thank Michael for his contributions as we have done important work to strengthen our financial position,” Sears said in a statement. “As the next step in our long-term leadership succession plan, we are looking forward to identifying world-class executives to enable Sonder to achieve its full growth potential and maximize value.”
Last year, Sonder integrated with Marriott International as part of a strategic licensing agreement that added thousands of Sonder rooms to Marriott’s pipeline and portfolio.
The partnership was expected to provide relief to Sonder stakeholders amid previous legal and financial challenges.
Sonder declined to comment beyond the news release and SEC filing.
