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Get filing alertsRemitly names Tai-Hong Fung as Chief Accounting Officer following Luke Tavis retirement
Filed March 20, 2026 · Period ending March 16, 2026 · ~1 min read
Key Changes
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Luke Tavis retiring as Chief Accounting Officer effective March 31, 2026, but staying on as VP Accounting through June 2026 to support transition. Company confirms departure not related to any disagreement over financial reporting or accounting policies.
Item 5.02 verify on EDGAR → -
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Tai-Hong Fung appointed Chief Accounting Officer effective April 1, 2026. Fung joined Remitly as VP Controller in February 2026 after serving as VP Controller at Starbucks from 2023-2026.
Item 5.02 verify on EDGAR → -
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Fung brings 20 years of public company accounting experience, including nine years at Starbucks in progressively senior roles and eight years at Microsoft, providing continuity in financial reporting leadership.
Item 5.02 verify on EDGAR →
Summary
Remitly is executing a planned leadership transition in its accounting function. Chief Accounting Officer Luke Tavis is retiring effective March 31, 2026, after providing advance notice, and will remain with the company as VP Accounting through June to ensure continuity.
The company explicitly disclosed that his departure involves no disagreement over financial reporting matters—a standard but important reassurance for investors. Tai-Hong Fung takes over as CAO on April 1, 2026. Fung joined Remitly just six weeks ago as VP Controller, suggesting this transition was planned.
His background includes nearly three years as VP Controller at Starbucks and additional senior accounting roles there, plus experience at Microsoft. This is a routine executive change with an experienced successor already onboarded. Retail investors should watch for smooth execution of the transition and any changes in financial reporting quality or timeliness in upcoming quarterly filings. The overlap period and Fung's public company experience suggest minimal disruption risk.
Section-by-Section Diff
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On March 17, 2026, Luke Tavis, the Chief Accounting Officer of Remitly Global, Inc. (the “Company”), provided notice of his retirement from the Chief Accounting Officer role effective as of March 31, 2026. Mr. Tavis will continue to serve as Vice President, Accounting, until June 2026 to support an orderly transition. Mr. Tavis’ retirement as Chief Accounting Officer did not result from any disagreement regarding the Company’s financial reporting or accounting policies, procedures, estimates, or judgments.
Luke Tavis is retiring as Chief Accounting Officer effective March 31, 2026, but will remain as Vice President, Accounting through June 2026 to ensure a smooth transition. The company explicitly states his departure is not due to any disagreement over financial reporting or accounting matters, which is a standard disclosure to reassure investors there are no underlying issues.
Added in current filing · verify on EDGAR →
On March 16, 2026, the Board of Directors (the “Board”) of the Company approved the appointment of Tai-Hong Fung as Chief Accounting Officer of the Company, subject to Mr. Tavis’ retirement and effective as of April 1, 2026. Mr. Fung will report to the Company’s Chief Financial Officer in this position.
Tai-Hong Fung has been appointed as the new Chief Accounting Officer effective April 1, 2026, immediately following Tavis's retirement. Fung will report to the CFO in this role, maintaining the standard reporting structure for the position.
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Added in current filing · verify on EDGAR →
Mr. Fung, age 52, has served as Vice President, Controller, of the Company since February 2026. Previously, Mr. Fung held various positions at Starbucks Corporation, including Vice President, Controller, from April 2023 to January 2026, Director, Assistant Controller, from May 2019 to April 2023, and Director of Global Consolidations and Financial Reporting from April 2014 to April 2019. Before Starbucks, Mr. Fung also held various positions at Microsoft Corporation from 2006 to 2014.
Fung brings substantial public company accounting experience, having recently joined Remitly as VP Controller in February 2026. His background includes nearly three years as VP Controller at Starbucks and nine years total at Starbucks in progressively senior accounting roles, plus eight years at Microsoft. This experience at large public companies suggests he is well-qualified for the Chief Accounting Officer role.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 9, 2026 · How we verify