Nearsite names Abhay Srivastava chief finance and operating officer

Nearsite appointed Abhay Srivastava as chief finance and operating officer on June 23, 2026, adding a finance and operations leader with more than 16 years of experience across Fortune 500 companies and high-growth tech businesses. The hire comes as the Princeton-based corporate housing platform looks to scale its AI-driven enterprise offering and expand its market reach.

Why it matters: - Nearsite is adding a senior operator to help manage growth as enterprise customers lean more heavily on AI for travel, relocation and housing logistics. - The appointment strengthens the company’s finance, planning and operating bench as it pushes to expand in a fragmented corporate housing market.

What happened: - Nearsite announced the appointment of Abhay Srivastava as chief finance and operating officer on June 23, 2026. - Srivastava joins Nearsite from roles spanning Walmart, Lowe’s, Food52, Sorare, Thirty Madison and Dressbarn. - Nearsite is based in Princeton, New Jersey.

The details: - Srivastava brings more than 16 years of experience in finance, operations, capital allocation, strategic planning and business transformation. - His background includes work across Fortune 500 companies and high-growth technology businesses. - Nearsite CEO and co-founder Piyush Sadana said Srivastava’s mix of operational rigor, financial discipline and execution will support the company’s scaling plans. - Sadana said the company aims to simplify how global enterprises manage corporate housing. - Nearsite Chief Commercial Officer and co-founder Sandeep Vyas said Srivastava has a track record of translating complex business and technology challenges into scalable operating models. - Srivastava has led enterprise transformations, operational turnarounds, strategic planning initiatives and growth programs. - He has overseen multi-billion-dollar operating portfolios. - He has also supported major fundraising initiatives, managed investor and board communications, and built operating frameworks intended to support sustainable growth.

Between the lines: - The hire suggests Nearsite is shifting from product buildout toward a more mature operating model. - Bringing finance and operations under one executive can help tighten decision-making as a company faces growth, customer expansion and capital needs. - The company’s messaging points to a market opportunity around automation and transparency in corporate accommodation, which remains fragmented and operationally heavy.

What's next: - Srivastava is expected to help Nearsite scale responsibly and improve performance for enterprise customers, partners and stakeholders. - Nearsite said the appointment comes during a period of momentum as businesses increase use of AI and machine learning for enterprise travel, relocation and remote-work housing logistics. - The company will likely use the new leadership addition to support market expansion and build a more durable operating structure.

The bottom line: - Nearsite is betting that deeper financial and operational leadership will help turn its AI-based corporate housing platform into a larger enterprise business.