Brooklyn Innovation Hub Newlab Expands C-Suite, Hiring Veteran Tech Execs and Leading Research Scientist
New CEO Shaun Stewart Builds out Leadership Team as Newlab hires Chief Business, Marketing, and Product Officers to Help 100+ Startups Explore Frontier Technology
Mike LaRhette joins as CBO after running global startup accelerator MassChallenge, new CMO Lynn Fischer previously ran marketing for Lyft Bikes and Scooters NYC, and CPO Satish Rao is a Ph.D. physicist who most recently oversaw Columbia University’s engineering commercialization activities.
BROOKLYN, NY — April 10, 2019 — Newlab, the innovation hub in the Brooklyn Navy Yard that supports over 100 startups, technologists, and entrepreneurs, such as JUMP Bikes, Nanotronics, and Honeybee Robotics, today announced the addition of several veteran executives to its C-Suite, further accelerating the company’s growth and leadership in championing frontier technologies. “With the addition of these new leadership roles, Newlab marks a thrilling new chapter in the history of innovation,” said CEO Shaun Stewart, who joined Newlab last year after leading operations, business development and strategy at Waymo, Alphabet’s autonomous vehicle company, and serving for 14 years in executive roles at Airbnb, Jetsetter and Expedia.
The new executive appointments represent a bold step in Stewart’s vision to build upon Newlab’s track record of scaling frontier technology companies in New York City’s thriving startup ecosystem. Mike LaRhette joins as Chief Business Officer after overseeing MassChallenge’s eight startup accelerator programs across four countries with an alumni community of 2,000 startups. Chief Marketing Officer Lynn Fischer comes to Newlab after having run marketing for Lyft Bikes and Scooters in New York City. Ph.D. physicist Satish Rao is Newlab’s Chief Product Officer after leading technology licensing, intellectual property management, and economic development initiatives for Columbia University’s technology commercialization office.
“Mike, Lynn, and Satish bring invaluable experience to Newlab, whether helping to cultivate thousands of high-impact startups across the globe, helming the world’s top mobility and media brands, or developing and commercializing bleeding edge science,” said Stewart. “We are honored to have them aboard as we cultivate groundbreaking programs and methodologies that enable corporations and Newlab entrepreneurs to collaborate, experiment and ultimately pioneer new products. Expanding our leadership team further establishes Newlab as the institution that can scale the most ambitious of endeavors, foster unprecedented cross-industry collaboration, and make New York the epicenter of cutting-edge tech.”
In his role as CBO, LaRhette oversees all revenue and growth strategies and is focused on expanding the impact of Newlab through programs that harness the power of a technology-driven future. Prior to his five years leading the global expansion of Boston-based MassChallenge’s mission and impact, LaRhette spent over a decade as a consultant. He holds a masters degree in developmental studies and psychology from Boston University.
Fischer, in her role as CMO, is responsible for leading the brand and marketing strategy, and creative and content solutions in alignment with Newlab’s ambitious business goals and diverse programmatic offerings. Prior to serving as Head of Marketing & Growth at Citi Bike / Lyft Bikes and Scooters, she was SVP of Marketing & Business Development Strategy at Createthe Group, Head of Digital at WPP, and SVP Strategic Partnerships at CBS Interactive among others.
As CPO, Rao and his team develop products and programs for corporate, government, and member stakeholders. As the head of physical sciences licensing for Columbia University’s technology commercialization office, Rao led licensing, IP management, corporate and investor partnerships, launching startup accelerator programs, and campus-wide tech economic development initiatives. Rao holds a Ph.D. in Physics and has conducted research in nanotechnology, photonics, and bioengineering.
Newlab’s flagship location in the Brooklyn Navy Yard dates back to 1902 and served as the primary machine shop for every major ship launched during World Wars One and Two. Inspired by the building’s rich history of innovation, Co-Founders David Belt and Scott Cohen envisioned a way to return the building to relevance, launching Newlab in 2016 with the aim of championing entrepreneurship and innovation.
Today, Newlab includes over 100 member companies, partnerships with forward-thinking corporate and civic entities, investment from over 270 venture capitalists, and the support of domain experts – all working together to scale frontier technologies. To date, Newlab has supported its member companies in raising over $450M in capital, with over $350M of successful exits, and a collective valuation of over $1.7B.