NU Advisory Partners Recruits CFO for Overtime
September 4, 2024 – Executive search firm NU Advisory Partners recently placed Alvin Lobo as the new CFO of Overtime in Brooklyn, NY. “Congratulations Alvin Lobo on joining Overtime as chief financial officer,” NU Advisory Partners said in a LinkedIn post. “We can’t wait to see the incredible impact you’ll make here.”
Mr. Lobo most recently served as CFO of mobile games platform Skillz, where he led the company’s finance functions, including accounting, FP&A, and investor relations. Prior to that, he served as CFO at Score Media and Gaming, where he oversaw all financial and accounting operations within the organization, leading major growth and funding initiatives, including the company’s U.S. IPO and eventual sale to Penn Entertainment. Before that, Mr. Lobo spent several years in the gaming industry, serving as vice president of corporate finance for Boyd Gaming Corporation and as director of corporate finance and investor relations for Wynn Resorts. Earlier experience includes investment banking roles at Barclays Capital, Lehman Brothers, and Bank of America.
Overtime builds disruptive new sports leagues and IP aimed globally at the next generation of sports fans and athletes. Overtime owns and operates, OTE and Overtime Select in basketball, OT7 in football, and OTX in boxing, and leverages digital-first content across its network of accounts engaging its community of over 100 million fans and followers. Overtime’s business model is driven by sponsorships, brand relationships, e-commerce, licensing and media rights.
Overtime is backed by Liberty Media Corporation, Andreessen Horowitz, Blackstone, Counterpoint Global (Morgan Stanley), Sapphire Sport, Winslow Capital, Bezos Expeditions, Spark Capital, Micromanagement Ventures (the family of the late David Stern), Black Capital, Alexis Ohanian, Drake, Quavo and 40+ NBA and NFL stars including Carmelo Anthony, Kevin Durant and Trae Young. Over six percent of active NBA players have invested in Overtime.
Last year, NU Advisory Partners was launched by former Russell Reynolds Associates recruiters Mar Hernandez, Libby Naumes, Meredith Rosenberg, and Nada Usina. The firm is focused on senior executive, operating, and board positions.
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Ms. Hernandez specializes in placing corporate officers (CHRO, CFO, general counsel), and also supporting boards, financial services, fintech, telecommunications, and hospitality organizations in different talent needs. Prior to co-founding NU, she was a senior member of the corporate officers, DE&I, and financial services practice at Russell Reynolds Associates, where she was also the co-head of the Hispanic board initiative. Before her 12 years in the search industry, she held senior sales and marketing roles with firms such as Amicorp, Mphasis-EDS, and TTech.
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Ms. Naumes specializes in placing go-to-market and commercial roles across the sports, media, entertainment, technology, consumer, retail, and marketplace industries. Prior to co-founding NU, she spent 11 years building the consumer digital practice of Russell Reynolds Associates while also serving as the co-lead of the global sports practice. Ms. Naumes was previously the director of marketing and communications for NASDAQ’s Global Corporate Solutions Group.
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NU Advisory Partners has helped to recruit Guillermo Santa Cruz as president of NASCAR’s Homestead-Miami Speedway. “Guillermo’s vast experience in the competitive media market will help grow Homestead-Miami Speedway into its next phase as one of the preeminent motorsports facilities,” said Chip Wile, NASCAR’s senior vice president and chief track properties officer. “He has a diverse background in sales, production, and promotion in a key market for HMS and will offer unique opportunities for the team to expand the track’s influence.”
Ms. Rosenberg is a market leading voice in the edTech sector. She brings more than 25 years of entrepreneurial and operating experience in the education sector. Prior to co-founding NU, she led the global edTech practice at Russell Reynolds Associates. She spent 10 years there working across the entire sector, advising larger public companies and VC and private equity portfolio companies, as well as nonprofits and higher education institutions. Previously, Ms. Rosenberg was a senior vice president at Fullbridge Inc., a workforce development and upskilling company, and helped to co-found Global Student Loan Corporation. She was a vice president at The Yankee Group, where she led the consumer communications practice, and a senior consultant in the telecommunications and media strategy practice of Braxton Associates/Deloitte Consulting.
Ms. Usina’s board, CEO and C-suite placement expertise spans technology, sports, media, entertainment, industrial, and numerous other industries. Prior to co-founding NU, she was a member of the executive committee of Russell Reynolds Associates, the global leader of its technology media, entertainment, and sports practices as well as a senior member of the CEO & board practice. Ms. Usina spent 13 years leading high-level executive searches and advising leading private equity and VC firms across their portfolio companies. She had an extensive career as an executive at digital media and software companies, including as a member of the senior team at Broadcast.com, as president of Nokia Canada, as president of Comcast Venture-backed XOS Technologies which she successfully sold to publicly held JumpTV and then merged the company with NeuLion where she remained as president. Earlier roles in sports included the Florida Sports Foundation, Atlanta Committee for the Olympic Games and Florida State University Athletics.
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Contributed by Scott A. Scanlon, Editor-in-Chief and Dale M. Zupsansky, Executive Editor – Hunt Scanlon Media
