CFO Arrivals, Promotions, and Departures 2021
CFO turnover from January to Oct 21 in the S&P 500 was sixteen%, about even with the two prior yrs, in accordance to Russell Reynolds. In excellent information for finance staffers trying to shift up the ladder, the advertising of inner finance executives to the CFO seat transpired in sixty eight% of the appointments. When CFOs ended up hired from outside the house an corporation, more than a few-fourths of the time (eighty four%) the nominees had former CFO experience. At last, gals comprised 33% of new CFO appointments in the 10 months, almost double very last year’s amount.
Our CFOs on the Move column tracks the transitions in CFO employment weekly. Below is a sample of the CFO motion amid public and personal businesses this calendar year.
January 2021
Starbucks named Rachel Ruggeri chief economical officer, changing Pat Grismer, who retired. Ruggeri joined Starbucks seventeen yrs in the past and held many finance roles prior to leaving for two yrs as CFO at Continental Mills.
On the web grocery platform Instacart appointed Nick Giovanni as finance chief. Giovanni labored for more than twenty yrs at Goldman Sachs.
MGM Resorts hired Jonathan Halkyard as CFO. Halkyard was formerly president and chief govt officer at Extended Stay The usa and ESH Hospitality.
Motor vehicle buying marketplace TrueCar named Jantoon Reigersman to the CFO spot. Reigersman had been CFO of Leaf Team.
February 2021
The Children’s Spot promoted Robert Helm to finance chief. He was most just lately senior vice president of finance and stock administration.
Rolls-Royce announced that former Deloitte partner Panos Kakoullis would be its chief economical officer. His very last situation at Deloitte was running director in the firm’s world-wide audit and assurance business.
HP appointed Marie Myers as chief economical officer. She had been serving as acting CFO and chief transformation officer.
GameStop CFO Jim Bell reportedly was forced to resign as element of a thrust by activist investor Ryan Cohen to “reshape the ailing retailer.”
March 2021
Speedy-everyday chain BurgerFi hired Michael Rabinovitch as CFO. Rabinovitch joins the firm right after serving as chief accounting officer at Tech Facts.
Yumi hired Goldman Sachs partner Sarah-Marie Martin as the baby food items company’s initially CFO. She has been a running director for Goldman’s economical and strategic traders group considering the fact that 2016.
Agribusiness huge Cargill named its initially feminine CFO, appointing former Standard Electrical govt Jamie Miller to thrive David Dines. She was finance chief of GE from 2017 to 2020.
Adobe chief economical officer John Murphy stepped down after a few yrs of guiding the application maker’s funds. (On Oct 18, Dan Durn was appointed Murphy’s successor.)
April 2021
Immediately after 4 yrs as CFO at Shake Shack, Tara Comonte remaining to develop into CEO of TMRW Existence Sciences, a biotech firm targeted on in vitro fertilization.
Raytheon Technologies appointed former United Technologies govt Neil Mitchill to thrive Anthony “Toby” O’Brien as CFO a calendar year right after merging to generate an aerospace and defense behemoth.
Boeing CFO Greg Smith decided to retire after serving to tutorial the firm by means of the twin crises of the 737 Max grounding and the coronavirus pandemic.
May perhaps 2021
Automation Wherever named James Budge as the cloud RPA company’s chief economical officer. Budge was formerly the CFO at Pluralsight.
David Bertolino joined retail application company Aptos as CFO. He was finance chief at B2B gross sales agency N3, and prior to that, held economical management roles at Verint Devices.
JetBlue named Ursula Hurley acting chief economical officer, adding to her function as head of treasury and investor relations. She was appointed to the position permanently in September 2021.
Everside Wellbeing hired Heather Dixon as its new chief economical officer. Dixon formerly served as senior vice president, world-wide controller, and chief accounting officer of Walgreens Boots Alliance.
June 2021
Mesirow Economic Holdings promoted chief economical officer and chief administrative officer Natalie Brown to president. Prior to joining Mesirow, Brown put in 18 yrs in finance roles at Nuveen.
Further than Meat appointed Phil Hardin as its new finance chief. Hardin joins the plant-based meat maker from Amazon, where by he labored for fifteen yrs in finance and investor relations.
Glenn Schiffman, IAC govt vice president and CFO, remaining the media conglomerate. Schiffman subsequently became finance chief of Fanatics.
Cafe chain Ruby Tuesday hired Kathy Buckley as chief economical officer. Buckley has more than 35 yrs of finance experience, such as CFO of Bruegger’s Bagels and The Rug Doctor and vice president of finance at RadioShack.
July 2021
Boeing named Brian West, a former GE govt, to direct its finance section. West was formerly CFO at economical markets facts provider Refinitiv, which he joined in 2018 from Oscar Wellbeing Insurance.
BJ’s Eating places promoted CFO and president Gregory Levin to president and chief govt officer. Levin had served as CFO considering the fact that joining BJ’s in September 2005. Thomas Houdek, vice president of approach and FP&A, was promoted to CFO to substitute Levin.
Exxon Mobil hired former United Airways CFO Kathryn Mikells to direct its finance group. She joins from spirit distributor Diageo, where by she was CFO for five-plus yrs.
Jayant Mittal joined on-line pizza ordering platform Slice as finance chief. Mittal put in 4 yrs as director of globally corporate enhancement at Amazon.
August 2021
The Senate confirmed Margaret Vo Schaus as chief economical officer of NASA. She was the director for business operations in the Office of the Less than Secretary of Protection.
Impossible Foods’ interim chief economical officer, David Borecky, was promoted to CFO of the plant-based meat maker. Borecky was formerly the controller for Stripe and held senior administration positions at Sq..
Sharon McCollam joined Albertsons Organizations as the grocery retail store chain’s new president and CFO. McCollam retired from the CFO situation at Most effective Acquire in 2016.
Petco Wellbeing and Wellness Corporation promoted Brian LaRose to finance chief. Due to the fact September 2020, LaRose has served as Petco’s senior vice president of finance. Prior to joining Petco, he was divisional CFO for HP’s 3D business unit.
September 2021
Tradeweb appointed Sara Furber as chief economical officer, productive September seven. Furber joins the electronic investing provider from equity trade operator IEX Team.
Alastair Borthwick, president of world-wide professional banking at Lender of The usa, was promoted to CFO. Borthwick joined the bank in 2005 as head of world-wide financial investment-grade financial debt funds markets.
Goldman Sachs announced that Denis Coleman would acquire in excess of as finance chief on January 1, 2022. Coleman joined the bank in 1996 as an analyst in the bank bank loan group.
Technological innovation company Bubblr appointed Neeta Shah as chief economical officer. Shah has twenty yrs of world-wide experience in finance and formerly labored at BlackRock and Citigroup. She is the founder of Startup CFO Alternatives.
Oct 2021
Audio and speech recognition company SoundHound appointed Nitesh Sharan as CFO. Prior to joining SoundHound, Sharan was CFO, world-wide operations and technology at Nike.
Adam Kroll took in excess of as chief economical officer of electric powered auto company Lordstown Motors. Kroll has served as the chief administrative officer of hydrogen-powered professional auto provider Hyzon Motors and was formerly interim chief economical officer for metal distributor UPG Enterprises.
Melissa Thomas was named the new CFO of Cinemark. Thomas joined the movie theater chain from Groupon, where by she started off as vice president of professional finance in 2017.
Brandy Richardson was appointed CFO of Tailored Brands, the proprietor of retail suppliers Men’s Wearhouse, Jos. A. Lender, and K&G Manner Superstore. Richardson was govt vice president and CFO at Neiman Marcus Team.
November 2021
Hormel Food items named Jacinth Smiley, a former GE govt with experience in strategic planning, as its new CFO. She will thrive Jim Sheehan, retiring right after forty three yrs at Hormel.
Seun Sodipo will join direct-to-shopper splendor brand Glossier in February 2022 as finance chief. Most just lately, Sodipo led item finance and approach at Stripe right after performing in personal equity and mergers and acquisitions.
Brian T. Purcell, chief economical officer of Hostess Brands, resigned right after shelling out much less than two yrs at the bakery firm. The Hostess board of administrators named Michael Gernigin, senior vice president and corporate controller, as interim CFO.
Frank D’Amelio retired as CFO of Pfizer right after a 14-calendar year tenure all through which he played critical roles in transformative transactions and the drugmaker’s response to the pandemic. Pfizer began an external look for for D’Amelio’s successor.
December 2021
Swiss bank UBS named JPMorgan Chase veteran Sarah Youngwood as its up coming CFO, adding a lady to its govt board. Youngwood will substitute Kirt Gardner when he steps down in May perhaps 2022.
Publicly held SmileDirectClub announced the resignation of CFO Kyle Wailes to go after a CEO possibility at a well being treatment firm. The tooth-straightening firm has retained govt recruiting agency Korn Ferry.
Former chief business officer of ZipRecruiter Timothy Yarborough was named the position aggregator’s finance chief. Yarborough usually takes in excess of for David Travers, who was named president.
Children’s amusement firm Genius Brands International went outside the house its corporation to appoint Zrinka Dekic as chief economical officer and head of approach and mergers and acquisitions. She was previously an govt in the financial investment administration division of Goldman Sachs.