People In The Spotlight

Transfix promotes Lily Shen to president

Lily Shen

Transfix chief operating officer Lily Shen has added president to her title. The digital freight marketplace announced Shen’s promotion on August 14.

Prior to joining New York City-based Transfix about two years ago, Shen spent nearly 20 years in Silicon Valley. She was the executive director of mobility and advanced technology for IDEO for a year. Before that, she was a venture partner with Canvas Ventures and a WeChat consultant through Tencent, each for a year. From 2011 to 2013, she was the chief marketing officer for Bloomspot. She also spent eight years with eBay.

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Founded in 2013, Transfix uses its artificial intelligence and machine learning technology to optimize the process of matching freight carriers with shippers. Transfix said that during Shen’s tenure with the company, it has seen its business triple in size at a profit, all while accelerating its product development.

Shen said she was attracted to Transfix because of the people, particularly co-founder and CEO Drew McElroy and co-founder and CTO Jonathan Salama.

“The people are at the very top of my list because I fundamentally believe that no matter how good the idea is, if you don’t have the right people, nothing comes to fruition,” said Shen, pointing to “Drew’s deep domain expertise in the space as well as Jonathan, he’s incredibly gifted on the technical side.”

Shen said she was impressed with the entire team, which numbered about 150 when she joined the company.

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