Coursera announced on November 17 that Mike Foley will serve as interim Chief Financial Officer, effective immediately. Foley brings more than 20 years of finance experience from leading technology firms, most recently as a strategic adviser at New Enterprise Associates. His prior roles include CFO of Unity Technologies and senior finance positions at Google, Electronic Arts, and Microsoft, equipping him to steer Coursera’s finance organization through a period of growth and transition.
The appointment follows the departure of former CFO Ken Hahn, who transitioned to an advisory role on October 29, 2025. Hahn’s exit was part of a planned succession strategy, allowing Coursera to maintain continuity while searching for a permanent replacement. Foley’s mandate is to strengthen financial controls, support the company’s product‑led growth strategy, and ensure accurate financial reporting as the platform expands its AI‑driven offerings.
Coursera’s Q3 2025 results provide context for the leadership change. Revenue rose 10% year‑over‑year to $194 million, driven by increased demand for its online courses and corporate learning solutions. The company also raised its full‑year 2025 revenue outlook, reflecting confidence in sustained growth and the monetization of its AI‑enhanced curriculum. Positive free cash flow and a healthy cash‑to‑debt ratio underscore the firm’s financial resilience.
Foley’s experience in scaling technology businesses is expected to reinforce Coursera’s focus on AI integration and personalized learning. By leveraging his background at Unity and Microsoft, he will help optimize cost structures and accelerate the deployment of new product features, positioning the company to capture additional market share in the competitive online education space.
Management comments highlight the importance of the interim CFO role. CEO Greg Hart expressed confidence in Foley’s ability to guide the finance organization, noting that “his track record in high‑growth tech environments will help us maintain momentum while we finalize a permanent CFO.” Foley echoed this sentiment, stating he is eager to work with the leadership team to sharpen strategic priorities and drive long‑term value creation.
While the CFO appointment itself did not trigger a market reaction, it signals Coursera’s commitment to stability amid a dynamic industry. Analysts continue to view the company favorably, citing its robust revenue growth, strategic AI initiatives, and strong balance sheet as key drivers of future performance.
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