Coursera picks outsider for interim CFO amid AI push

Core Insights - Coursera has appointed Michael Foley as interim finance chief and treasurer, effective immediately, following the transition of previous CFO Ken Hahn to an advisory role [6] - The appointment comes at a crucial time for Coursera as it focuses on expanding its consumer segment and leveraging artificial intelligence under the leadership of CEO Greg Hart [5][6] Company Background - Michael Foley has a diverse background, including roles as CEO of Branch, head of finance at Google, and CFO at Unity Technologies, along with experience in audit roles at Big Four firms [3] - Ken Hahn served as Coursera's CFO for five years and played a significant role in the company's IPO in 2021; he will remain as an advisor for 12 months [6] Financial Details - Foley's interim appointment includes a monthly salary of $166,667 and eligibility for a cash bonus of up to $200,000 based on performance [4] - Coursera's consumer segment reported a 13% year-over-year revenue increase for the third quarter [5]