Robinhood has appointed Jeff Pinner as its Chief Technology Officer. With a career background in Cruise and Lyft, Pinner will spearhead efforts to accelerate Robinhood’s product development, optimize infrastructure, and enhance customer experiences, the company announced today (Monday).

Jeff Pinner's New Role

Pinner's role at Robinhood will focus on advancing the company’s engineering capabilities. The company expects his appointment to significantly impact Robinhood's ability to deliver financial services.

Commenting about the appointment, Vlad Tenev, the CEO and Co-Founder of Robinhood, said: “Great engineering is critical to our ability to build cutting-edge financial products at Robinhood, which is why we’re excited to welcome Jeff as CTO.” Tenev highlighted that Pinner’s experience in AI and infrastructure aligns perfectly with Robinhood's objectives.

Before joining Robinhood, Pinner was a distinguished engineer at Cruise, where he reportedly played a role in advancing autonomous vehicle technologies. His previous tenure at Lyft included significant achievements such as scaling the company’s engineering infrastructure and leading its marketplace organization.

Pinner also served as Lyft’s CTO, where he helped drive substantial growth and technological progress. The company anticipates his deep technical knowledge and experience to propel the development of cutting-edge financial products and services.

Other Executive Changes at Robinhood

In another significant executive move, Robinhood named David Schwed the Chief Information Security Officer for the Brokerage division last week. Schwed previously served as the Chief Operating Officer and later as an Advisor at Halborn, a cybersecurity company.

Schwed is a technology expert with previous experience in notable companies, including DFNS, Lava Network, Utila, and Hexagate. The Empire State University alumnae has also worked for Citi, Galaxy Digital, and BNY.

Meanwhile, Robinhood recently posted record second-quarter results, with total net revenues jumping to $682 million. The company's performance was boosted by growth in transaction-based revenues and a boost in its premium subscription service.

The company registered a net income of $188 million, representing diluted earnings per share of $0.21. This performance marked a notable increase from the $25 million, or $0.03 per share, for the same quarter last year. Net profit surged 652% year-over-year.