Timothy Huffmyer Departs as CFO of Urgent.ly; Michael Port Named Successor

PumpDetector · 2026-02-02T21:05:38+00:00

Urgent.ly Inc. has appointed Michael Port as the new CFO following Timothy Huffmyer's departure. Port, with extensive finance experience, will guide the company's financial strategy amid a market reaction that saw ULY shares drop 10.31%.

PumpDetector

2026-02-02 21:05:38

Abstract generation in progress

Urgent.ly Inc. (ULY), a roadside assistance and mobility technology platform, has undergone a significant leadership transition in its finance department. Timothy Huffmyer, who held the position of Chief Financial Officer, has decided to leave the company to pursue new professional ventures. Effective June 6, Michael Port has assumed the CFO role at the mobility assistance firm.

Michael Port’s Background and New Role

Michael Port brings substantial finance experience to the position. Prior to his promotion as CFO, Port served as Senior Vice President of Finance at Urgent.ly, where he demonstrated strong financial management capabilities. His professional background extends beyond Urgent.ly—he previously worked as Vice President of Finance and Controller at Lordstown Motors Corp., an electric vehicle manufacturer. This diverse experience in finance leadership positions Port well to guide Urgent.ly’s financial strategy moving forward.

Market Reaction and Company Outlook

The leadership change was reflected in the stock market activity following the announcement. On Friday, ULY shares experienced a downturn, closing at $6.09 on the Nasdaq—representing a 10.31% decline. Market participants typically respond to executive transitions with careful observation, and this particular shift in Urgent.ly’s CFO position underscores the importance of consistent financial leadership in the automotive technology sector.

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