logo
Sinclair Names Narinder Sahai as Executive Vice President and Chief Financial Officer

Sinclair Names Narinder Sahai as Executive Vice President and Chief Financial Officer

Business Wire07-07-2025
BALTIMORE--(BUSINESS WIRE)--Sinclair today announced the appointment of Narinder Sahai as Executive Vice President and Chief Financial Officer, effective immediately.
Sahai brings more than two decades of strategic financial leadership across publicly traded and private-equity-backed companies, with deep expertise across the full breadth of finance functions, including capital markets, treasury, controllership, investor relations, mergers and acquisitions, and planning and analysis. He also has strong technology expertise, including artificial intelligence and machine learning, from his Amazon Web Services (AWS) experience and undergraduate degree in electronics and electrical communication engineering.
Prior to joining Sinclair, Sahai served as CFO at Arcis, a leading leisure and hospitality operator, where he led financial planning, accounting, tax, treasury and debt investor relations. Prior to Arcis, he was CFO of RumbleOn, Inc. , a publicly-traded technology-driven omnichannel powersports platform, where he built the FP&A function, launched the internal audit and SOX compliance programs, and executed successful integration of transformative acquisitions.
At Amazon's AWS, Sahai served as Head of Worldwide Go-to-Market Finance for Compute and AI/Machine Learning services, providing financial leadership for specialist sales teams across global markets. Before AWS, Sahai served as Senior Vice President, Treasurer and Investor Relations at Target Hospitality Corp., where he managed all investor relations and capital markets activities for the company's equity public market debut and executed comprehensive debt financing transactions.
Prior to Target Hospitality, he spent nearly a decade at FMC Technologies, Inc. and TechnipFMC plc , a publicly-traded diversified oilfield services company, in progressive finance leadership roles in investor relations, financial planning and analysis, operations finance and controllership, and regional and corporate treasury. Earlier in his career, Sahai spent several years at Delphi Corporation where he was part of the Finance Leadership Development Program and held various roles in product and portfolio planning, M&A, restructuring, and financial risk management.
'Narinder's proven track record as CFO of both publicly traded and private-equity-backed companies, combined with his operational discipline and strategic financial leadership, makes him exceptionally well-suited to guide Sinclair through its next phase of growth,' said Chris Ripley, President and CEO of Sinclair. 'He brings a unique perspective having worked in multiple industries—including cloud and AI-focused companies. Narinder is a proven C-suite leader with a strong history of executing value-creating strategies, optimizing capital structures, and driving margin improvement. We're looking forward to him building on our culture of success, industry leadership, and best-in-class finance team, especially as we advance commercialization strategies around ATSC 3.0 and continue to deliver long-term value for our stakeholders.'
Sahai holds a Bachelor of Engineering in Electronics and Electrical Communication Engineering, graduating as valedictorian from Thapar University in India, and a Master of Business Administration with High Distinction from the Ross School of Business at the University of Michigan, Ann Arbor. Sahai is also a CFA® Charterholder.
"I am honored to join Sinclair during such an exciting period of transformation and growth,' said Narinder Sahai. 'Having worked across diverse industries—from automotive and energy to consumer and technology—I have a deep appreciation for companies that are successfully transforming themselves while maintaining strong operational discipline. Sinclair's unique position at the intersection of local media, sports, and emerging technology creates tremendous opportunities. From the company's leadership position in local broadcasting, combined with its pioneering work in ATSC 3.0 technology, the strength of Tennis Channel, and innovative ventures portfolio, I see significant potential to drive value creation for all stakeholders. I look forward to working with Chris, the Board, and the entire team to execute on Sinclair's strategic vision while maintaining the strong financial discipline that has positioned the company for success.'
With this appointment, Lucy Rutishauser will step down as Chief Financial Officer and continue as Executive Vice President to support the transition. She will remain in that capacity until her planned retirement later this year, at which time she will assume the role of Senior Advisor.
About Sinclair:
www.sbgi.net.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Investing in HF Sinclair (NYSE:DINO) five years ago would have delivered you a 86% gain
Investing in HF Sinclair (NYSE:DINO) five years ago would have delivered you a 86% gain

Yahoo

timea day ago

  • Yahoo

Investing in HF Sinclair (NYSE:DINO) five years ago would have delivered you a 86% gain

When you buy and hold a stock for the long term, you definitely want it to provide a positive return. But more than that, you probably want to see it rise more than the market average. But HF Sinclair Corporation (NYSE:DINO) has fallen short of that second goal, with a share price rise of 57% over five years, which is below the market return. The last year has been disappointing, with the stock price down 15% in that time. Now it's worth having a look at the company's fundamentals too, because that will help us determine if the long term shareholder return has matched the performance of the underlying business. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). During five years of share price growth, HF Sinclair achieved compound earnings per share (EPS) growth of 25% per year. This EPS growth is higher than the 9% average annual increase in the share price. So it seems the market isn't so enthusiastic about the stock these days. The image below shows how EPS has tracked over time (if you click on the image you can see greater detail). We consider it positive that insiders have made significant purchases in the last year. Having said that, most people consider earnings and revenue growth trends to be a more meaningful guide to the business. It might be well worthwhile taking a look at our free report on HF Sinclair's earnings, revenue and cash flow. What About Dividends? When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. The TSR is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. In the case of HF Sinclair, it has a TSR of 86% for the last 5 years. That exceeds its share price return that we previously mentioned. And there's no prize for guessing that the dividend payments largely explain the divergence! A Different Perspective HF Sinclair shareholders are down 10% for the year (even including dividends), but the market itself is up 19%. However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. On the bright side, long term shareholders have made money, with a gain of 13% per year over half a decade. If the fundamental data continues to indicate long term sustainable growth, the current sell-off could be an opportunity worth considering. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. For example, we've discovered 1 warning sign for HF Sinclair that you should be aware of before investing here. HF Sinclair is not the only stock insiders are buying. So take a peek at this free list of small cap companies at attractive valuations which insiders have been buying. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio

Mississippi State becomes first SEC school to implement Amazon Web Services' AI platform
Mississippi State becomes first SEC school to implement Amazon Web Services' AI platform

Yahoo

time2 days ago

  • Yahoo

Mississippi State becomes first SEC school to implement Amazon Web Services' AI platform

STARKVILLE, Miss. (WJTV) – Amazon Web Services (AWS) continues to make its mark in Mississippi with their latest partnership with Mississippi State University (MSU). MSU officials announced they will partner with AWS, becoming the first SEC school to implement AWS's artificial intelligence (AI) platform to enhance engagement with prospective students, alumni, and supporters. Amazon Web Services breaks ground on Mississippi data centers This partnership will be implemented through a collaboration between MSU and an education data and technology firm in Quintilian, Inc. The university seeks to leverage AWS's AI services to build machine learning models that optimize data analysis in key focus areas. 'This is a bold step forward in how we connect with present and future Bulldogs,' said MSU Vice President for Strategic Communications Sid Salter. 'Using AWS's AI technology, we can optimize and transform the initial contacts and experiences with MSU and make sure that every prospective student and every member of our university community feels appreciated and understood from their very first interaction with MSU.' The initiative seeks to better understand prospective student behavior, preferences, and needs. This will help Mississippi State to leverage AI to identify and engage ideal prospective students and expand access to underrepresented populations with more timely, personalized, and compelling communications than ever before. Hinds CC offers training for Amazon Web Services data centers Despite the growing frustrations of AI replacing real human positions, this initiative will be use in tandem with the ongoing Mississippi State digital marketing awareness campaign being led by Ad5. Two internships will also be created due to this partnership. AWS and Quintilian will offer two paid internships to Mississippi State students, providing direct, real-world experience working with AI, data science, and cloud technologies in the higher education space. 'As Mississippi's leading research university, we take pride in science, technology, engineering, and mathematics—along with high-performance computing, data science, cybersecurity studies, agriculture and forestry, and business,' said MSU President Mark E. Keenum. 'From that standpoint, this exciting partnership with a world-class organization like AWS is a great fit for the MSU community. We appreciate Amazon's confidence in our university.' Close Thanks for signing up! Watch for us in your inbox. Subscribe Now Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. Solve the daily Crossword

UiPath vs. AppLovin: Which AI-Driven Tech Stock is Purchase-Worthy?
UiPath vs. AppLovin: Which AI-Driven Tech Stock is Purchase-Worthy?

Yahoo

time2 days ago

  • Yahoo

UiPath vs. AppLovin: Which AI-Driven Tech Stock is Purchase-Worthy?

UiPath PATH and AppLovin Corporation APP are two prominent players leveraging artificial intelligence to transform digital operations. UiPath leads the robotic process automation sector (RPA), applying AI to streamline enterprise on the other hand, operates in the mobile ad tech space, using AI to optimize app monetization and user acquisition. As AI becomes an integral part of modern business software, the key question is: Which of these AI-driven tech stocks presents a more compelling investment opportunity today? Let's examine their fundamentals, growth drivers and valuations. The Case for UiPath UiPath remains a strong force in the booming RPA market, which is poised for substantial expansion over the coming years. Its end-to-end automation platform positions the company to seize opportunities as demand for AI-driven solutions surges. A critical driver of PATH's success is its strategic alliances with top technology giants. Microsoft MSFT, Amazon AMZN and Salesforce CRM continue to play pivotal roles in expanding UiPath's reach and capabilities. These partnerships not only bolster PATH's credibility but also integrate its offerings into broader enterprise ecosystems powered by Microsoft Azure, Amazon's AWS and Salesforce Cloud solutions. The company boasts high customer retention, with net retention rates ranging between 110% and 115%, underscoring its ability to expand usage within existing accounts. In the first quarter of fiscal 2026, UiPath reported a 6% increase in revenues year over year, reaching $357 million. Additionally, its annual recurring revenue rose 12% to $1.69 billion, reflecting the strength of its subscription-based business model and customer loyalty. With a strong global presence, a robust partner ecosystem, particularly with Microsoft, Amazon, and Salesforce, and a continued focus on intelligent automation, UiPath is well-positioned to maintain its leadership in the evolving RPA and enterprise automation market. The Case for AppLovin AppLovin has solidified its leadership in mobile advertising, powered by its next-gen AI engine, Axon 2, which launched in the second quarter of 2023. Since its debut, Axon 2 has radically enhanced AppLovin's ad performance, helping to quadruple advertising spend on its platform. This explosive growth has led to an estimated $10 billion annual run rate in ad spend from gaming clients, pushing APP into the upper echelon of global ad tech firms by valuation. Axon 2's importance goes far beyond mere optimization. In a post-Identifier for Advertisers environment that disrupted mobile user acquisition strategies, Axon 2 served as a critical catalyst for recovery. While Western mobile gaming experienced stagnation in 2022, Axon 2 reignited ad-driven momentum. Though in-app purchases are seeing modest, mid-single-digit growth, AppLovin's MAX publisher base is expanding at a significantly faster rate, underscoring Axon 2's strategic advantage. Google, Microsoft and Salesforce are rapidly advancing generative AI. Microsoft integrates AI in Office via Copilot and expands Azure's AI. Google embeds AI in Workspace and enhances Vertex AI. Salesforce incorporates AI across its CRM, especially through Einstein Copilot and Data Cloud. Microsoft is also focusing on AI governance, while Google is strengthening AI security. Salesforce further refines dynamic customer experiences. While these giants focus on enterprise productivity and CRM, Applovintakes a different route, using AI to drive direct monetization in mobile advertising. How Do Zacks Estimates Compare for PATH & APP? The Zacks Consensus Estimate for UiPath's 2025 sales and EPS indicates year-over-year growth of 8.5% and 5.7%, respectively. EPS estimates have been trending flat over the past 60 days. Image Source: Zacks Investment Research The Zacks Consensus Estimate for AppLovin's 2025 sales and EPS indicates year-over-year growth of 16.3% and 85.4%, respectively. Both upward and downward EPS revisions have offset each other, keeping estimates flat over the past 60 days. Image Source: Zacks Investment Research UiPath's Valuation More Attractive Than AppLovin UiPath is trading at a forward sales multiple of 4.09X, below its 12-month median of 4.44X. AppLovin's forward sales multiple stands at 19.88X, above its median of 18.7X. Winner: UiPath UiPath emerges as the more compelling AI-driven investment. While AppLovin dazzles with Axon 2 and ad spend growth, UiPath's leadership in the fast-expanding RPA market, strong enterprise partnerships with Microsoft, Amazon, and Salesforce, and high customer retention offer long-term stability. Its subscription-based model ensures recurring revenue, and its valuation — trading at a much lower forward sales multiple than AppLovin — makes it a better value play. UiPath's enterprise focus and strategic alliances give it an edge in AI scalability and business relevance. For investors seeking sustainable, enterprise-grade AI exposure, UiPath stands out as the smarter buy. While PATH sports a Zacks Rank #1 (Strong Buy), APP carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Inc. (AMZN) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Salesforce Inc. (CRM) : Free Stock Analysis Report UiPath, Inc. (PATH) : Free Stock Analysis Report AppLovin Corporation (APP) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store