2020 CFO Departures and Arrivals
CFOs this calendar year played a crucial role in navigating their corporations by a world wide financial disaster. The expanding tension intensified the highlight on finance chiefs, and lots of CFOs left their posts more than the previous twelve months. Some joined new corporations, other folks pursued new chances. Their places were being taken, in some scenarios, by executives promoted to the best finance spot. The adhering to were being some of the much more notable CFO departures (and arrivals) of the past twelve months.
January 2020
Luis Visoso was named finance main of Amazon Website Solutions (AWS). Visoso, who has headed finance for Amazon’s worldwide customer phase because 2018, joined the corporation from Cisco exactly where he was senior vice president of company, technological know-how, and money functions. Ahead of to that he spent 23 yrs at Procter & Gamble. Visoso normally takes more than for Sean Boyle who has transitioned to the role of vice president at AWS.
Deepak Ahuja
Verily, the well being and lifestyle sciences device of Google mother or father corporation Alphabet, named Deepak Ahuja as main money officer. Deepak was CFO for Tesla from 2008 to 2015, then once again from February 2017 right until he retired in 2019. Prior to Tesla, he was at Ford Motor Organization as a finance executive in a variety of roles, such as CFO for Ford Southern Africa and CFO of AutoAlliance International.
Online video system Vimeo appointed Narayan Menon as CFO. Ahead of becoming a member of Vimeo, Menon served as main money officer at cloud-centered presentation system Prezi. His previous management roles contain company vice president at Intuit, senior director of finance at Microsoft, and senior director at Skype.
Thomas Ondrof joined Aramark as the foods- and uniform-services giant’s main money officer. Ondrof formerly served as CFO with foodservice distributor General performance Foods Group. Prior to that, Ondrof spent 24 yrs at Compass Group North America, exactly where he served in a variety of money and company growth management roles.
February 2020
Linda Zukauckas joined Nielsen Holdings as main money officer on February 3. Zukauckas started off operating at American Convey in 2011, most just lately serving as the executive vice president and deputy main money officer. Prior to American Convey, Zukauckas held a variety of senior management roles at Ally Financial. She serves on the board of MTS Methods, exactly where she is on the audit and the governance and nominating committees.
Northrop Grumman named veteran finance executive David Keffer as its new CFO, replacing Kenneth Bedingfield. Keffer has most just lately been a general partner at financial commitment organization Blue Delta Money Associates after formerly serving as CFO at CSRA and its predecessor corporation SRA International.
Personal label packaged foods corporation TreeHouse Foodstuff named William Kelley Jr. as main money officer. Kelley formerly served as interim CFO. Kelley joined TreeHouse in 2016 as company controller and was promoted to senior vice president, company and functions finance in 2018. Prior to becoming a member of TreeHouse, he was head of world wide audit for Kraft Heinz. Ahead of that, he was company controller and main accounting officer at Hillshire Models.
Melissa Thomas
Groupon’s interim main money officer, Melissa Thomas, assumed the role permanently. Thomas joined the e-commerce marketplace in 2017 as vice president of industrial finance and has served as interim CFO because August 2019. She at present also serves as the company’s main accounting officer and treasurer.
Matthew Close friend, Nike’s CFO of working segments and vice president of investor relations, took more than as corporation CFO. Close friend joined the athletic apparel retail big in 2009, operating on company strategy and growth prior to currently being appointed CFO of emerging marketplaces in 2011. He has served as CFO of world wide classes, product or service and capabilities CFO of world wide models and capabilities and CFO of the Nike brand name. He succeeds CFO Andy Campion, who transitioned to the role of main working officer.
March 2020
Toy producer MGA Leisure (MGAE) promoted Martin Elliott to main money officer. Elliott joined MGAE in 2015 as vice president of money preparing and evaluation. Elliott was the senior director of strategy at Mattel and the director of finance at The Walt Disney Organization prior to becoming a member of MGAE.
Michael Crotty was named Showtime Networks’ new main money officer. Crotty will also have oversight of Guess Networks’ finance staff. Crotty returns to the enjoyment corporation after serving as CFO of media system The Players’ Tribune because 2016. Crotty formerly served as senior vice president of affiliate profits and company functions for Showtime Networks.
Fidelity Investments named Maggie Serravalli as main money officer. Serravalli was most just lately executive vice president at the company’s health care group. Serravalli joined Fidelity in 2007 from JPMorgan Chase exactly where she served as managing director for seven yrs.
Adrianne Lee was named finance main at Overstock. Lee joined Overstock from Hertz exactly where she was CFO of the company’s $seven billion North American Rental Automobile device. Ahead of becoming a member of Hertz, Lee led money preparing and evaluation for Best Buy’s multi-billion-dollar e-commerce company. She formerly held a number of roles in finance, strategic preparing, accounting and money reporting, investor relations, and audit at PepsiCo, Allianz Lifestyle, and PricewaterhouseCoopers.
April 2020
Delta CFO Paul Jacobson rescinded his retirement, which he announced in February. CEO Ed Bastian asked Jacobson to rethink his choice to retire whilst the provider navigates however the devastating effects that the coronavirus pandemic has experienced on air travel. Jacobson joined the corporation in 1997 as a money analyst and was named CFO in 2012.
Anheuser-Busch InBev’s longtime CFO, Felipe Dutra, stepped down. Dutra was replaced by Fernando Tennenbaum. A fifteen-calendar year veteran of the corporation, Tennenbaum most just lately served as vice president AB InBev’s South America division as very well as CFO of its Brazilian subsidiary, Ambev. Tennenbaum will also join the company’s executive committee.
United states These days mother or father Gannett appointed Douglas Horne as main money officer. Horne most just lately served as world wide controller for The We Organization, which features office-sharing startup WeWork. Ahead of that, he spent eight yrs at Warner Media, most just lately as senior vice president and controller. Ahead of becoming a member of Warner, he served as deputy main money officer and main accounting officer at AOL. Horne succeeds Alison “Ali” Engel, who stepped down at the finish of the very first quarter.
Retailer Ted Baker named Rachel Osborne as main executive officer. Osborne joined the corporation as main money officer in November 2019 prior to currently being appointed acting main executive officer in December 2019. She joined Ted Baker from Debenhams, exactly where she experienced labored as CFO. She was formerly main money officer at Domino’s Pizza, finance director of group company at Vodafone, and finance and strategy director at John Lewis.
Could 2020
Gustavo Arnal was appointed CFO at Mattress Bath & Outside of. Arnal joined the retailer from Avon, exactly where he was group main money officer. Ahead of that, he was CFO of worldwide divisions and world wide capabilities at Walgreens Boots Alliance. He has formerly served in senior positions at Procter & Gamble, such as CFO of India, Middle East, and Africa, CFO world wide cloth and household care, and CFO world wide personal natural beauty. Arnal succeeds Robyn D’Elia, who is leaving the corporation.
Adam Townsend
Adam Townsend is the new finance main at Vizio. Ahead of becoming a member of the customer-electronics brand name, Townsend served as main money officer at Showtime Networks. Ahead of that, he held several roles at CBS, such as executive vice president of company finance and investor relations. He also played key roles in CBS’s outside promotion company and CBS Radio. Townsend normally takes more than for main working officer Ben Wong, who experienced been handling main money officer obligations.
Health care products producer BVI named David Murray as main money officer. Most just lately, Murray served as CFO of Alcon AG right until its $30 billion spin-off from Novartis Group AG in 2019. All through his 19 yrs with Novartis, he also served as CFO for its vaccines and diagnostics division, as very well as a number of other senior finance management roles within the Pharma division. Ahead of Novartis, he held senior management roles at Normal Motors, Swiss Financial institution Corp, and British Petroleum.
Tyler Sloat was named main money officer at Freshworks. Ahead of becoming a member of the consumer engagement application corporation, Sloat was CFO at membership payments corporation Zuora exactly where he guided the begin-up by its IPO. Ahead of that, he held executive finance roles at a variety of corporations such as NetApp and Siebel Methods.
June 2020
Biotechnology corporation Moderna named David Meline as main money officer. Meline joined Moderna from Amgen, exactly where he was CFO from 2014 by 2019. Ahead of Amgen, he spent six yrs at 3M Organization, exactly where he most just lately served as finance main. Formerly, Meline held management positions at Normal Motors, such as CFO for GM North America.
Todd McElhatton took more than as finance main at cloud-centered system Zuora on June 22. McElhatton was most just lately main money officer at SAP Cloud Business enterprise Group. Ahead of that, he was the CFO for SAP North America. Ahead of becoming a member of SAP, he held several senior finance management roles, such as as CFO at VMware’s Hybrid Cloud Business enterprise, CFO at Oracle’s Cloud Solutions, and CFO at Hewlett Packard Managed Solutions Business enterprise.
Brian DelGhiaccio was promoted to finance main at squander collection corporation Republic Solutions. DelGhiaccio, who was most just lately executive vice president and main transformation officer, joined Republic Solutions in 1998 and has because held roles of expanding responsibility throughout the finance firm. He also sales opportunities the information and facts technological know-how, cybersecurity, and facts management departments. DelGhiaccio succeeds Charles Serianni, who will retire on June one, 2021.
Former House Depot CFO Carol Tomé became main executive officer at UPS. Tomé, who spent eighteen yrs as the household advancement company’s CFO, is the very first exterior CEO seek the services of in UPS’ 112-calendar year historical past. Tomé started off her vocation as a industrial financial institution with United Financial institution of Denver and then was director of banking for the Johns-Manville Corporation. Ahead of becoming a member of House Depot, Carol was vice president and treasurer of Riverwood International Corporation.
Anthony DiSilvestro was employed as the new CFO at Mattel. From 2014 to 2019, DiSilvestro served as CFO at Campbell Soup Organization. He joined Campbell’s in 1996 and has held a variety of money management roles, such as senior vice president of finance, treasurer, controller, main money officer of the company’s North America and worldwide divisions, and head of strategic preparing and company growth. DiSilvestro normally takes more than for Joseph Euteneuer, who is leaving the corporation.
July 2020
Monish Patolawala was employed as CFO at 3M. Patolawala most just lately labored at GE Health care, exactly where he has served as main money officer of the somewhere around $17 billion company because 2015. Patolawala joined GE in 1994, using management roles of expanding responsibility. Patolawala succeeds Nick Gangestad, who is retired.
Murray Auchincloss, CFO of BP’s Upstream phase, became main money officer at oil and fuel corporation BP on July one. Auchincloss became CFO for BP’s Upstream phase in 2015 after two yrs as Upstream deputy CFO and head of company growth. Auchincloss succeeds Brian Gilvary who will retire on June 30. Gilvary has experienced a 34-calendar year vocation with BP, such as more than eight yrs as CFO.
T-Cell promoted Peter Osvaldik to main money officer. Osvaldik, who was most just lately senior vice president of finance and main accounting officer, joined the corporation in 2016 as vice president of exterior reporting and technical accounting. Ahead of T-Cell, Osvaldik held main accounting officer, controller, and management roles at Outerwall, Coinstar, and PricewaterhouseCoopers.
Debi Chirichella
Hearst named Debi Chirichella as interim president of its magazine group. Chirichella has been the magazine group’s finance main because 2011. Ahead of becoming a member of Hearst, Chirichella spent seven yrs at rival Condé Nast, exactly where she served in a number of executive positions, such as main working officer at Condé Nast Electronic, COO of the Fairchild Fashion Group, and CFO at Condé Nast Publications.
August 2020
Kristina Salen was appointed finance main at Planet Wrestling Leisure (WWE). Salen served as the very first CFO of on line marketplace Etsy, exactly where she grew the company from $895 million in gross product sales to $3 billion in four yrs and led and executed the company’s IPO. Salen formerly held CFO and COO roles at Moda Operandi and Translation Enterprises/United Masters, and managed world wide media and telecom cash with Fidelity Investments.
Domino’s Pizza promoted Stu Levy to main money officer. Levy, who was most just lately executive vice president of provide chain services, joined the pizza chain in 2019 after serving as executive vice president and main transformation officer at Republic Solutions. Ahead of becoming a member of Republic Solutions, Levy spent thirteen yrs at Bain & Organization and served as a partner from 2008-2014. Levy normally takes more than for Jeffrey Lawrence, who is retiring from Domino’s after much more than 20 yrs at the corporation.
Ajay Vashee stepped down as CFO at Dropbox after much more than eight yrs at the corporation. Tim Regan, who was the company’s main accounting officer, became the company’s new CFO. Regan has labored at Dropbox for approximately four yrs. He has more than two decades of working experience in finance prior to Dropbox, from his role as vice president finance and controller at Pandora Media, to senior positions at Dolby Laboratories and Ernst and Youthful.
Roku main money officer Steve Louden resolved to remain with the corporation. In December, Louden mentioned he was stepping down the moment his replacement was uncovered. He planned to return household to the Seattle spot with his family members after aiding in the changeover. Roku mentioned that Louden will keep on to provide as its CFO whilst operating remotely in Seattle, and they have finished the search for his successor.
Cisco finance main Kelly Kramer announced her retirement after five yrs in the situation. Kramer joined the computer system networking products maker in 2012 as senior vice president of company finance and became senior vice president of company technological know-how and functions finance prior to currently being named CFO in 2015. Ahead of Cisco, Kramer was CFO of GE Healthcare’s Health care Methods company.
September 2020
Jamere Jackson became the new finance main at AutoZone after stepping down as CFO at Hertz. Bill Giles, the company’s existing CFO, will retire at the finish of December 2020 after fourteen yrs in the role. Ahead of becoming a member of Hertz, Jackson served as main money officer at Nielsen Holdings.
Jeff Wallace is the new CFO at USAA. Wallace joins the corporation from Financial institution of America, exactly where he was most just lately main money officer of the customer banking and world wide prosperity and financial commitment management company. Before in his vocation, he held money management roles at Wachovia Securities, Deutsche Financial institution, and Fidelity Investments. Wallace succeeds Laura Bishop, who is retiring after much more than 19 yrs at the corporation.
McAfee appointed Venkat Bhamidipati main money officer. Bhamidipati joined the cybersecurity corporation from health care corporation Providence, exactly where he was CFO. Ahead of that, he spent thirteen yrs at Microsoft, exactly where he held a number of executive positions, such as CFO of the worldwide company group, CFO of the worldwide functions and technological know-how group, and managing director for company growth and development strategy.
Gina Goetter was named finance main at Harley-Davidson. Most just lately, she served as CFO at Tyson Foods’s well prepared meals phase, exactly where she led the reinvention of the segment’s company product to stabilize money stream and suitable-measurement the price tag composition. Ahead of Tyson, Goetter held a variety of world wide management positions at Normal Mills, exactly where she led company product re-engineering and optimized procurement techniques and logistics. She normally takes more than for interim CFO Darrell Thomas, who will keep on as vice president and treasurer.
Oct 2020
John Lawler took more than as CFO at Ford. Lawler has most just lately been serving as CEO of Ford Autonomous Vehicles and vice president of mobility partnerships. He has spent much of his 30 yrs at Ford in finance management and general management. Lawler served as president of Ford China for approximately four yrs when the corporation realized file in-state overall performance. He also served as company controller and CFO, world wide marketplaces, and head of worldwide strategy. Lawler took more than for Tim Stone, who left the corporation to develop into CFO and main working officer at application corporation ASAPP.
Hertz promoted Kenny Cheung to CFO to change R. Eric Esper, who resigned after minor much more than a month in the situation. Esper joined United Normal Foodstuff as accounting officer and controller, in accordance to a regulatory filing. Esper was promoted to CFO from main accounting officer when Jamere Jackson resigned from Hertz in August. Cheung was most just lately executive vice president of finance, main operational finance, and restructuring officer.
Papa John’s appointed Ann Gugino main money officer. Gugino joins the pizza chain from Target, exactly where she was most just lately senior vice president of money preparing and evaluation. Ahead of that, she spent eighteen yrs at healthcare supplies corporation Patterson Corporations, such as four yrs as executive vice president and main money officer. Gugino normally takes more than for Steve Coke, who has been serving as interim principal money and accounting officer.
Adrian Mitchell
Adrian Mitchell was named Macy’s new finance main. Mitchell joined the retailer from Boston Consulting Group (BCG) exactly where he was a managing director and partner in the electronic BCG and customer tactics. Ahead of becoming a member of BCG, Mitchell experienced huge-ranging retail encounters. Mitchell took more than for interim CFO Felicia Williams. Williams was named interim CFO in Could after main money officer Paula Cost announced she was leaving the retailer after fewer than two yrs in the role.
Nasdaq promoted Ann Dennison to CFO. Dennison, who is at present senior vice president, controller, and main accounting officer, will choose more than as main money officer on March one, 2021. Dennison has been with Nasdaq for five yrs and has much more than 20 yrs of working experience in money reporting and evaluation. Ahead of becoming a member of Nasdaq, Dennison labored at Goldman Sachs as managing director, head of money reporting. She normally takes more than for Michael Ptasznik, who will retire on February 28.
Tapestry, the mother or father corporation of Coach, Kate Spade, and Stuart Weitzman, named CFO Joanne Crevoiserat as main executive officer. Crevoiserat, who became CFO in August 2019, took more than as interim CEO in July. She joined the corporation from Abercrombie & Fitch, exactly where she was employed as main money officer.
November 2020
Stanley Sutula is the new finance main at Colgate-Palmolive. Sutula has served as executive vice president and main money officer at Pitney Bowes because February 2017 and formerly spent 28 yrs at IBM. His tenure at IBM bundled money management roles of expanding responsibility, culminating in service as IBM’s vice president and controller. Sutula normally takes more than for Henning Jakobsen, who will believe the role of senior vice president right until his retirement on December 31.
International Automotive Parts (IAC) finance main David Prystash will develop into its future CEO and a member of the company’s board of administrators, successful January one, 2021. Ahead of becoming a member of IAC in November 2018, Prystash held management positions at Normal Motors, such as vice president and CFO of world wide product or service growth, getting, and provide chain. Kevin Graham, who is vice president of finance, will develop into CFO.
WarnerMedia CFO Pascal Desroches has been named the new finance main at AT&T, successful April one. Ahead of serving as CFO at WarnerMedia, Desroches was main money officer at Turner and world wide controller at Time Warner. Desroches normally takes more than for John Stephens, who will retire in March after 28 yrs with the corporation and 9 yrs as CFO.
Lululemon promoted Meghan Frank to main money officer. Frank joined Lululemon in 2016 as senior vice president of money preparing and evaluation and, because April, has served as interim co-CFO, along with Alex Grieve, vice president, controller for the corporation. She formerly held senior roles at Ross Retailers and J.Crew, exactly where she served for approximately a ten years.
Sysco named Aaron Alt as the foodservice distribution company’s new CFO, successful December seven. Alt most just lately served as main money officer at retailer Sally Elegance Holdings and president of Sally Elegance Provide. Alt’s working experience also features executive management roles in finance, functions, and grocery transformation at Target. Alt replaces Joel Grade, who will believe the newly produced role of executive vice president of company growth.
December 2020
Cisco named R. Scott Herren finance main. Since November 2014, Herren served as CFO and senior vice president at layout and engineering application corporation Autodesk. At Autodesk, he assisted the corporation completely transform its company product from perpetual licenses to SaaS and recurring subscriptions. Herren succeeds Kelly Kramer, who is retiring after 9 yrs at the corporation.
Amy Weaver was named president and CFO at Salesforce. Weaver, a existing president and main lawful officer at the corporation, will choose more than for finance main Mark Hawkin on February one. Hawkin, who is retiring on January 31, will changeover to an advisory role as CFO emeritus by Oct 2021. Ahead of becoming a member of Salesforce, Weaver was executive vice president and general counsel at Univar.
Money A person promoted Andrew Youthful to finance main, successful March one. Youthful has served as senior vice president and company line CFO at the corporation because April 2018. He has also served as the main money officer of Money A person, N.A., the biggest of the company’s two nationwide lender subsidiaries, because July 2018. He normally takes more than for R. Scott Blackley, who is leaving the corporation to develop into CFO at coverage startup Oscar Overall health Insurance plan.
Procter & Gamble promoted Andre Schulten to finance main, successful March one. Schulten, who joined the corporation in 1996, is at present senior vice president of child care in North America. Before in his vocation, Schulten held other roles, such as senior vice president of finance and accounting in West Europe and for P&G’s world wide family members care, child care, and female care corporations. He succeeds long-time CFO Jon Moeller, who will keep his role as vice chairman and main working officer.
Coty promoted Laurent Mercier to main money officer, successful February fifteen. Mercier, who is at present the natural beauty company’s deputy CFO, joined Coty as CFO of its luxurious division in 2017. He formerly spent 20 yrs at world wide foods and beverage big Danone, exactly where he held a number of management roles. He succeeds Pierre-André Terisse, with whom he has labored closely at the two Coty and for the duration of their previous roles at Danone.
