Grammarly Adds New CFO and CTO, Bolstering AI Startup’s Ranks

Grammarly Inc., the maker of AI-powered writing assistance software, added new chief technology and financial officers, bolstering its management ahead of a potential initial public offering down the road.

Mark Schaaf, the former technology chief of Instacart, will be taking that role at Grammarly, the company said Tuesday. The CFO job will go to Navam Welihinda, who oversaw finances at HashiCorp Inc. Both new executives helped their previous companies get through the IPO process, according to Grammarly.

The moves follow the elevation of Rahul Roy-Chowdhury to the chief executive officer role last year. In an interview, he ...