December 11, 2023


The business lovers

CFO Arrivals, Promotions, and Departures 2021

CFO turnover from January to October 21 in the S&P five hundred was sixteen%, about even with the two prior years, in accordance to Russell Reynolds. In good information for finance staffers making an attempt to go up the ladder, the advertising of inner finance executives to the CFO seat occurred in 68% of the appointments. When CFOs had been employed from outdoors an organization, more than a few-fourths of the time (eighty four%) the nominees experienced previous CFO encounter. Lastly, gals comprised 33% of new CFO appointments in the 10 months, just about double past year’s amount.

Our CFOs on the Shift column tracks the transitions in CFO work weekly. Below is a sample of the CFO motion among the community and private firms this yr.

January 2021

Starbucks named Rachel Ruggeri chief money officer, changing Pat Grismer, who retired. Ruggeri joined Starbucks seventeen years back and held several finance roles prior to leaving for two years as CFO at Continental Mills.

On the internet grocery platform Instacart appointed Nick Giovanni as finance main. Giovanni labored for more than twenty years at Goldman Sachs.

MGM Resorts hired Jonathan Halkyard as CFO. Halkyard was previously president and main govt officer at Extended Stay The usa and ESH Hospitality.

Motor vehicle shopping for marketplace TrueCar named Jantoon Reigersman to the CFO place. Reigersman experienced been CFO of Leaf Team.

February 2021

The Children’s Area promoted Robert Helm to finance main. He was most a short while ago senior vice president of finance and stock administration.

Rolls-Royce introduced that former Deloitte husband or wife Panos Kakoullis would be its main money officer. His past placement at Deloitte was taking care of director in the firm’s global audit and assurance company.

HP appointed Marie Myers as main money officer. She experienced been serving as acting CFO and main transformation officer.

GameStop CFO Jim Bell reportedly was forced to resign as portion of a force by activist trader Ryan Cohen to “reshape the ailing retailer.”

March 2021

Rapid-informal chain BurgerFi hired Michael Rabinovitch as CFO. Rabinovitch joins the firm soon after serving as main accounting officer at Tech Info.

Yumi hired Goldman Sachs partner Sarah-Marie Martin as the baby food items company’s first CFO. She has been a taking care of director for Goldman’s money and strategic traders team given that 2016.

Agribusiness giant Cargill named its first woman CFO, appointing former Standard Electrical govt Jamie Miller to realize success David Dines. She was finance main of GE from 2017 to 2020.

Adobe chief money officer John Murphy stepped down after a few years of guiding the program maker’s finances. (On October eighteen, Dan Durn was appointed Murphy’s successor.)

April 2021

Following four years as CFO at Shake Shack, Tara Comonte still left to grow to be CEO of TMRW Life Sciences, a biotech firm concentrated on in vitro fertilization.

Raytheon Systems appointed former United Systems govt Neil Mitchill to realize success Anthony “Toby” O’Brien as CFO a yr soon after merging to produce an aerospace and defense behemoth.

Boeing CFO Greg Smith decided to retire after assisting manual the firm by way of the twin crises of the 737 Max grounding and the coronavirus pandemic.

May perhaps 2021

Automation Anyplace named James Budge as the cloud RPA company’s main money officer. Budge was previously the CFO at Pluralsight.

David Bertolino joined retail program company Aptos as CFO. He was finance main at B2B revenue organization N3, and prior to that, held money leadership roles at Verint Units.

JetBlue named Ursula Hurley acting main money officer, incorporating to her position as head of treasury and trader relations. She was appointed to the work forever in September 2021.

Everside Wellness hired Heather Dixon as its new main money officer. Dixon previously served as senior vice president, global controller, and main accounting officer of Walgreens Boots Alliance.

June 2021

Mesirow Money Holdings promoted main money officer and main administrative officer Natalie Brown to president. Just before joining Mesirow, Brown expended eighteen years in finance roles at Nuveen.

Further than Meat appointed Phil Hardin as its new finance main. Hardin joins the plant-based meat maker from Amazon, the place he labored for fifteen years in finance and trader relations.

Glenn Schiffman, IAC govt vice president and CFO, still left the media conglomerate. Schiffman subsequently grew to become finance main of Fanatics.

Cafe chain Ruby Tuesday hired Kathy Buckley as main money officer. Buckley has more than 35 years of finance encounter, which includes CFO of Bruegger’s Bagels and The Rug Medical doctor and vice president of finance at RadioShack.

 July 2021

Boeing named Brian West, a former GE govt, to guide its finance department. West was previously CFO at money markets knowledge service provider Refinitiv, which he joined in 2018 from Oscar Wellness Insurance policies.

BJ’s Eating places promoted CFO and president Gregory Levin to president and main govt officer. Levin experienced served as CFO given that joining BJ’s in September 2005. Thomas Houdek, vice president of technique and FP&A, was promoted to CFO to swap Levin.

Exxon Mobil employed former United Airlines CFO Kathryn Mikells to guide its finance group. She joins from spirit distributor Diageo, the place she was CFO for five-additionally years.

Jayant Mittal joined on-line pizza purchasing platform Slice as finance main. Mittal expended four years as director of around the globe corporate development at Amazon.

 August 2021

The Senate confirmed Margaret Vo Schaus as main money officer of NASA. She was the director for company functions in the Workplace of the Below Secretary of Defense.

Extremely hard Foods’ interim main money officer, David Borecky, was promoted to CFO of the plant-based meat maker. Borecky was previously the controller for Stripe and held senior administration positions at Square.

Sharon McCollam joined Albertsons Firms as the grocery store chain’s new president and CFO. McCollam retired from the CFO placement at Most effective Acquire in 2016.

Petco Wellness and Wellness Company promoted Brian LaRose to finance main. Considering the fact that September 2020, LaRose has served as Petco’s senior vice president of finance. Just before joining Petco, he was divisional CFO for HP’s 3D company unit.

September 2021

Tradeweb appointed Sara Furber as main money officer, helpful September 7. Furber joins the electronic investing service provider from equity trade operator IEX Team.

Alastair Borthwick, president of global commercial banking at Bank of The usa, was promoted to CFO. Borthwick joined the bank in 2005 as head of global financial investment-quality personal debt capital markets.

Goldman Sachs introduced that Denis Coleman would acquire about as finance main on January 1, 2022. Coleman joined the bank in 1996 as an analyst in the bank personal loan team.

Know-how company Bubblr appointed Neeta Shah as main money officer. Shah has twenty years of global encounter in finance and previously labored at BlackRock and Citigroup. She is the founder of Startup CFO Solutions.

October 2021

Audio and speech recognition company SoundHound appointed Nitesh Sharan as CFO. Just before joining SoundHound, Sharan was CFO, global functions and technological know-how at Nike.

Adam Kroll took about as main money officer of electric motor vehicle company Lordstown Motors. Kroll has served as the main administrative officer of hydrogen-powered commercial motor vehicle supplier Hyzon Motors and was previously interim main money officer for steel distributor UPG Enterprises.

Melissa Thomas was named the new CFO of Cinemark. Thomas joined the motion picture theater chain from Groupon, the place she commenced as vice president of commercial finance in 2017.

Brandy Richardson was appointed CFO of Customized Models, the owner of retail shops Men’s Wearhouse, Jos. A. Bank, and K&G Vogue Superstore. Richardson was govt vice president and CFO at Neiman Marcus Team.

November 2021

Hormel Foodstuff named Jacinth Smiley, a former GE govt with skills in strategic arranging, as its new CFO. She will realize success Jim Sheehan, retiring soon after 43 years at Hormel.

Seun Sodipo will be a part of immediate-to-customer splendor brand Glossier in February 2022 as finance main. Most a short while ago, Sodipo led solution finance and technique at Stripe soon after working in private equity and mergers and acquisitions.

Brian T. Purcell, main money officer of Hostess Models, resigned soon after expending significantly less than two years at the bakery firm. The Hostess board of directors named Michael Gernigin, senior vice president and corporate controller, as interim CFO.

Frank D’Amelio retired as CFO of Pfizer soon after a fourteen-yr tenure in the course of which he performed important roles in transformative transactions and the drugmaker’s reaction to the pandemic. Pfizer started an exterior search for D’Amelio’s successor.

December 2021

Swiss bank UBS named JPMorgan Chase veteran Sarah Youngwood as its next CFO, incorporating a lady to its govt board. Youngwood will swap Kirt Gardner when he ways down in May perhaps 2022.

Publicly held SmileDirectClub announced the resignation of CFO Kyle Wailes to go after a CEO chance at a health and fitness care firm.  The tooth-straightening firm has retained govt recruiting organization Korn Ferry.

Previous main company officer of ZipRecruiter Timothy Yarborough was named the work aggregator’s finance main. Yarborough normally takes about for David Travers, who was named president.

Children’s enjoyment firm Genius Models International went outdoors its organization to appoint Zrinka Dekic as main money officer and head of technique and mergers and acquisitions. She was previously an govt in the financial investment administration division of Goldman Sachs.

CFO turnover, CFOs on the Shift, promotions, Russell Reynolds