New UBiome CEO Is Longtime Restructuring Expert Who Previously Worked With Failed Drone Startup Lily Robotics

UBiome's new interim CEO is a longtime restructuring expert who previously worked with failed drone startup Lily

New UBiome CEO Is Longtime Restructuring Expert Who Previously Worked With Failed Drone Startup Lily Robotics

Curated via Twitter from Forbes Tech’s twitter account….

New York-based Goldin, a leading restructuring and financial advisory firm, began working with uBiome in May in the immediate aftermath of the FBI raid at the behest of a special committee headed by Kimmy Scotti, a founding partner of venture firm 8VC and now the only remaining independent member of uBiome’s board. (Scotti did not respond to a request for comment. ) The firm was founded by Harrison “Jay” Goldin, the former Comptroller of New York City, who played a major role in the city’s financial restructuring in the 1970s.

New York-based Goldin, a leading restructuring and financial advisory firm, began working with uBiome in May in the immediate aftermath of the FBI raid at the behest of a special committee headed by Kimmy Scotti, a founding partner of venture firm 8VC and now the only remaining independent member of uBiome’s board. (Scotti did not respond to a request for comment. ) The firm was founded by Harrison “Jay” Goldin, the former Comptroller of New York City, who played a major role in the city’s financial restructuring in the 1970s.

The new interim CEO of troubled microbiome startup uBiome, Curtis Solsvig, is a longtime turnaround and restructuring expert at financial advisory firm Goldin Associates and the former chief restructuring officer of failed drone startup Lily Robotics.

The new interim CEO of troubled microbiome startup uBiome, Curtis Solsvig, is a longtime turnaround and restructuring expert at financial advisory firm Goldin Associates and the former chief restructuring officer of failed drone startup Lily Robotics.

Robin Chiu, a Goldin managing director who previously led its work advising the Big Apple Circus on a restructuring, will work as the company’s chief financial officer, while Karthik Bhavaraju, a Goldin senior director whose previous experience includes work with healthcare companies, will serve as its chief operating officer.

Robin Chiu, a Goldin managing director who previously led its work advising the Big Apple Circus on a restructuring, will work as the company’s chief financial officer, while Karthik Bhavaraju, a Goldin senior director whose previous experience includes work with healthcare companies, will serve as its chief operating officer.

In a recent high-profile assignment while at Goldin, Solsvig was chief restructuring officer for Lily Robotics, a one-time highflier that filed for bankruptcy and announced it was shutting down in January 2017.

In a recent high-profile assignment while at Goldin, Solsvig was chief restructuring officer for Lily Robotics, a one-time highflier that filed for bankruptcy and announced it was shutting down in January 2017.

He joined Goldin Associates three years ago. “Curt [brings] a wealth of experience, particularly in the context of complex debtor-side distress, to the firm’s formidable restructuring team,” Goldin said in a statement at the time.

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