2020 CFO Departures and Arrivals
CFOs this yr played a essential job in navigating their organizations as a result of a world financial crisis. The increasing pressure intensified the highlight on finance chiefs, and many CFOs remaining their posts above the past 12 months. Some joined new organizations, other individuals pursued new chances. Their locations have been taken, in some scenarios, by executives promoted to the major finance spot. The following have been some of the far more noteworthy CFO departures (and arrivals) of the earlier 12 months.
January 2020
Luis Visoso was named finance chief of Amazon Website Expert services (AWS). Visoso, who has headed finance for Amazon’s globally consumer phase considering the fact that 2018, joined the organization from Cisco where he was senior vice president of company, technologies, and monetary functions. Ahead of to that he invested 23 years at Procter & Gamble. Visoso usually takes above for Sean Boyle who has transitioned to the job of vice president at AWS.
Deepak Ahuja
Verily, the wellbeing and life sciences device of Google father or mother organization Alphabet, named Deepak Ahuja as chief monetary officer. Deepak was CFO for Tesla from 2008 to 2015, then all over again from February 2017 till he retired in 2019. Prior to Tesla, he was at Ford Motor Corporation as a finance executive in many roles, which includes CFO for Ford Southern Africa and CFO of AutoAlliance International.
Movie platform Vimeo appointed Narayan Menon as CFO. Ahead of signing up for Vimeo, Menon served as chief monetary officer at cloud-primarily based presentation platform Prezi. His prior leadership roles contain company vice president at Intuit, senior director of finance at Microsoft, and senior director at Skype.
Thomas Ondrof joined Aramark as the meals- and uniform-services giant’s chief monetary officer. Ondrof formerly served as CFO with foodservice distributor General performance Food stuff Team. Prior to that, Ondrof invested 24 years at Compass Team North America, where he served in a assortment of monetary and company advancement leadership roles.
February 2020
Linda Zukauckas joined Nielsen Holdings as chief monetary officer on February three. Zukauckas started off working at American Express in 2011, most lately serving as the executive vice president and deputy chief monetary officer. Prior to American Express, Zukauckas held many senior leadership roles at Ally Financial. She serves on the board of MTS Units, 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 lately been a common associate at expense organization Blue Delta Capital Companions after formerly serving as CFO at CSRA and its predecessor organization SRA International.
Personal label packaged meals organization TreeHouse Foodstuff named William Kelley Jr. as chief monetary 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 signing up for TreeHouse, he was head of world audit for Kraft Heinz. Ahead of that, he was company controller and chief accounting officer at Hillshire Brand names.
Melissa Thomas
Groupon’s interim chief monetary officer, Melissa Thomas, assumed the job forever. Thomas joined the e-commerce market in 2017 as vice president of commercial finance and has served as interim CFO considering the fact that August 2019. She presently also serves as the company’s chief accounting officer and treasurer.
Matthew Good friend, Nike’s CFO of working segments and vice president of investor relations, took above as organization CFO. Good friend joined the athletic clothing retail huge in 2009, working on company method and advancement in advance of being appointed CFO of emerging marketplaces in 2011. He has served as CFO of world classes, product or service and functions CFO of world brand names and functions and CFO of the Nike brand. He succeeds CFO Andy Campion, who transitioned to the job of chief working officer.
March 2020
Toy company MGA Amusement (MGAE) promoted Martin Elliott to chief monetary officer. Elliott joined MGAE in 2015 as vice president of monetary organizing and analysis. Elliott was the senior director of method at Mattel and the director of finance at The Walt Disney Corporation in advance of signing up for MGAE.
Michael Crotty was named Showtime Networks’ new chief monetary officer. Crotty will also have oversight of Bet Networks’ finance staff. Crotty returns to the leisure organization after serving as CFO of media platform The Players’ Tribune considering the fact that 2016. Crotty formerly served as senior vice president of affiliate earnings and company functions for Showtime Networks.
Fidelity Investments named Maggie Serravalli as chief monetary officer. Serravalli was most lately executive vice president at the company’s healthcare team. Serravalli joined Fidelity in 2007 from JPMorgan Chase where she served as managing director for seven years.
Adrianne Lee was named finance chief at Overstock. Lee joined Overstock from Hertz where she was CFO of the company’s $7 billion North American Rental Vehicle device. Ahead of signing up for Hertz, Lee led monetary organizing and analysis for Ideal Buy’s multi-billion-greenback e-commerce company. She formerly held a number of roles in finance, strategic organizing, accounting and monetary reporting, investor relations, and audit at PepsiCo, Allianz Lifestyle, and PricewaterhouseCoopers.
April 2020
Delta CFO Paul Jacobson rescinded his retirement, which he declared in February. CEO Ed Bastian questioned Jacobson to reconsider his final decision to retire even though the carrier navigates however the devastating influence that the coronavirus pandemic has had on air vacation. Jacobson joined the organization in 1997 as a monetary analyst and was named CFO in 2012.
Anheuser-Busch InBev’s longtime CFO, Felipe Dutra, stepped down. Dutra was replaced by Fernando Tennenbaum. A 15-yr veteran of the organization, Tennenbaum most lately served as vice president AB InBev’s South America division as well as CFO of its Brazilian subsidiary, Ambev. Tennenbaum will also be part of the company’s executive committee.
Usa Today father or mother Gannett appointed Douglas Horne as chief monetary officer. Horne most lately served as world controller for The We Corporation, which contains business-sharing startup WeWork. Ahead of that, he invested eight years at Warner Media, most lately as senior vice president and controller. Ahead of signing up for Warner, he served as deputy chief monetary officer and chief accounting officer at AOL. Horne succeeds Alison “Ali” Engel, who stepped down at the conclude of the first quarter.
Retailer Ted Baker named Rachel Osborne as chief executive officer. Osborne joined the organization as chief monetary officer in November 2019 in advance of being appointed acting chief executive officer in December 2019. She joined Ted Baker from Debenhams, where she had labored as CFO. She was formerly chief monetary officer at Domino’s Pizza, finance director of team enterprise at Vodafone, and finance and method director at John Lewis.
May perhaps 2020
Gustavo Arnal was appointed CFO at Bed Tub & Past. Arnal joined the retailer from Avon, where he was team chief monetary officer. Ahead of that, he was CFO of intercontinental divisions and world functions at Walgreens Boots Alliance. He has formerly served in senior positions at Procter & Gamble, which includes CFO of India, Middle East, and Africa, CFO world material and house treatment, and CFO world personal magnificence. Arnal succeeds Robyn D’Elia, who is leaving the organization.
Adam Townsend
Adam Townsend is the new finance chief at Vizio. Ahead of signing up for the consumer-electronics brand, Townsend served as chief monetary officer at Showtime Networks. Ahead of that, he held many roles at CBS, which includes executive vice president of company finance and investor relations. He also played critical roles in CBS’s outdoor marketing company and CBS Radio. Townsend usually takes above for chief working officer Ben Wong, who had been handling chief monetary officer obligations.
Healthcare machines company BVI named David Murray as chief monetary officer. Most lately, Murray served as CFO of Alcon AG till its $30 billion spin-off from Novartis Team AG in 2019. During his 19 years with Novartis, he also served as CFO for its vaccines and diagnostics division, as well as a number of other senior finance leadership roles within just the Pharma division. Ahead of Novartis, he held senior leadership roles at Common Motors, Swiss Financial institution Corp, and British Petroleum.
Tyler Sloat was named chief monetary officer at Freshworks. Ahead of signing up for the client engagement software program organization, Sloat was CFO at membership payments organization Zuora where he guided the start-up as a result of its IPO. Ahead of that, he held executive finance roles at a assortment of organizations which includes NetApp and Siebel Units.
June 2020
Biotechnology organization Moderna named David Meline as chief monetary officer. Meline joined Moderna from Amgen, where he was CFO from 2014 as a result of 2019. Ahead of Amgen, he invested six years at 3M Corporation, where he most lately served as finance chief. Previously, Meline held leadership positions at Common Motors, which includes CFO for GM North America.
Todd McElhatton took above as finance chief at cloud-primarily based platform Zuora on June 22. McElhatton was most lately chief monetary officer at SAP Cloud Business Team. Ahead of that, he was the CFO for SAP North America. Ahead of signing up for SAP, he held many senior finance leadership roles, which includes as CFO at VMware’s Hybrid Cloud Business, CFO at Oracle’s Cloud Expert services, and CFO at Hewlett Packard Managed Expert services Business.
Brian DelGhiaccio was promoted to finance chief at squander collection organization Republic Expert services. DelGhiaccio, who was most lately executive vice president and chief transformation officer, joined Republic Expert services in 1998 and has considering the fact that held roles of increasing accountability across the finance organization. He also qualified prospects the details technologies, cybersecurity, and information administration departments. DelGhiaccio succeeds Charles Serianni, who will retire on June 1, 2021.
Previous Residence Depot CFO Carol Tomé became chief executive officer at UPS. Tomé, who invested eighteen years as the house advancement company’s CFO, is the first exterior CEO use in UPS’ 112-yr heritage. Tomé started off her career as a commercial lender with United Financial institution of Denver and then was director of banking for the Johns-Manville Corporation. Ahead of signing up for Residence Depot, Carol was vice president and treasurer of Riverwood International Corporation.
Anthony DiSilvestro was hired as the new CFO at Mattel. From 2014 to 2019, DiSilvestro served as CFO at Campbell Soup Corporation. He joined Campbell’s in 1996 and has held many monetary leadership roles, which includes senior vice president of finance, treasurer, controller, chief monetary officer of the company’s North America and intercontinental divisions, and head of strategic organizing and company advancement. DiSilvestro usually takes above for Joseph Euteneuer, who is leaving the organization.
July 2020
Monish Patolawala was hired as CFO at 3M. Patolawala most lately labored at GE Health care, where he has served as chief monetary officer of the about $seventeen billion company considering the fact that 2015. Patolawala joined GE in 1994, getting leadership roles of increasing accountability. Patolawala succeeds Nick Gangestad, who is retired.
Murray Auchincloss, CFO of BP’s Upstream phase, became chief monetary officer at oil and gas organization BP on July 1. Auchincloss became CFO for BP’s Upstream phase in 2015 after two years as Upstream deputy CFO and head of company advancement. Auchincloss succeeds Brian Gilvary who will retire on June 30. Gilvary has had a 34-yr career with BP, which includes above eight years as CFO.
T-Cellular promoted Peter Osvaldik to chief monetary officer. Osvaldik, who was most lately senior vice president of finance and chief accounting officer, joined the organization in 2016 as vice president of external reporting and complex accounting. Ahead of T-Cellular, Osvaldik held chief accounting officer, controller, and administration roles at Outerwall, Coinstar, and PricewaterhouseCoopers.
Debi Chirichella
Hearst named Debi Chirichella as interim president of its magazine team. Chirichella has been the magazine group’s finance chief considering the fact that 2011. Ahead of signing up for Hearst, Chirichella invested seven years at rival Condé Nast, where she served in a number of executive positions, which includes chief working officer at Condé Nast Electronic, COO of the Fairchild Fashion Team, and CFO at Condé Nast Publications.
August 2020
Kristina Salen was appointed finance chief at Environment Wrestling Amusement (WWE). Salen served as the first CFO of online market Etsy, where she grew the company from $895 million in gross product sales to $three billion in 4 years 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 media and telecom funds with Fidelity Investments.
Domino’s Pizza promoted Stu Levy to chief monetary officer. Levy, who was most lately executive vice president of provide chain services, joined the pizza chain in 2019 after serving as executive vice president and chief transformation officer at Republic Expert services. Ahead of signing up for Republic Expert services, Levy invested 13 years at Bain & Corporation and served as a associate from 2008-2014. Levy usually takes above for Jeffrey Lawrence, who is retiring from Domino’s after far more than twenty years at the organization.
Ajay Vashee stepped down as CFO at Dropbox after far more than eight years at the organization. Tim Regan, who was the company’s chief accounting officer, became the company’s new CFO. Regan has labored at Dropbox for practically 4 years. He has above two a long time of encounter in finance in advance of Dropbox, from his job as vice president finance and controller at Pandora Media, to senior positions at Dolby Laboratories and Ernst and Youthful.
Roku chief monetary officer Steve Louden determined to stay with the organization. In December, Louden mentioned he was stepping down when his substitution was observed. He planned to return house to the Seattle area with his spouse and children after helping in the transition. Roku mentioned that Louden will keep on to serve as its CFO even though working remotely in Seattle, and they have ended the lookup for his successor.
Cisco finance chief Kelly Kramer declared her retirement after five years in the posture. Kramer joined the pc networking machines maker in 2012 as senior vice president of company finance and became senior vice president of company technologies and functions finance in advance of being named CFO in 2015. Ahead of Cisco, Kramer was CFO of GE Healthcare’s Health care Units company.
September 2020
Jamere Jackson became the new finance chief at AutoZone after stepping down as CFO at Hertz. Monthly bill Giles, the company’s present CFO, will retire at the conclude of December 2020 after fourteen years in the job. Ahead of signing up for Hertz, Jackson served as chief monetary officer at Nielsen Holdings.
Jeff Wallace is the new CFO at USAA. Wallace joins the organization from Financial institution of America, where he was most lately chief monetary officer of the consumer banking and world prosperity and expense administration company. Before in his career, he held monetary leadership roles at Wachovia Securities, Deutsche Financial institution, and Fidelity Investments. Wallace succeeds Laura Bishop, who is retiring after far more than 19 years at the organization.
McAfee appointed Venkat Bhamidipati chief monetary officer. Bhamidipati joined the cybersecurity organization from healthcare organization Providence, where he was CFO. Ahead of that, he invested 13 years at Microsoft, where he held a number of executive positions, which includes CFO of the globally enterprise team, CFO of the globally functions and technologies team, and managing director for company advancement and advancement method.
Gina Goetter was named finance chief at Harley-Davidson. Most lately, she served as CFO at Tyson Foods’s organized meals phase, where she led the reinvention of the segment’s company product to stabilize income circulation and correct-measurement the value structure. Ahead of Tyson, Goetter held many world leadership positions at Common Mills, where she led company product re-engineering and optimized procurement methods and logistics. She usually takes above for interim CFO Darrell Thomas, who will keep on as vice president and treasurer.
October 2020
John Lawler took above as CFO at Ford. Lawler has most lately been serving as CEO of Ford Autonomous Automobiles and vice president of mobility partnerships. He has invested a lot of his 30 years at Ford in finance leadership and common administration. Lawler served as president of Ford China for practically 4 years when the organization realized document in-place efficiency. He also served as company controller and CFO, world marketplaces, and head of globally method. Lawler took above for Tim Stone, who remaining the organization to develop into CFO and chief working officer at software program organization ASAPP.
Hertz promoted Kenny Cheung to CFO to replace R. Eric Esper, who resigned after very little far more than a thirty day period in the posture. Esper joined United Pure Foodstuff as accounting officer and controller, according to a regulatory filing. Esper was promoted to CFO from chief accounting officer when Jamere Jackson resigned from Hertz in August. Cheung was most lately executive vice president of finance, chief operational finance, and restructuring officer.
Papa John’s appointed Ann Gugino chief monetary officer. Gugino joins the pizza chain from Target, where she was most lately senior vice president of monetary organizing and analysis. Ahead of that, she invested eighteen years at health-related supplies organization Patterson Corporations, which includes 4 years as executive vice president and chief monetary officer. Gugino usually takes above for Steve Coke, who has been serving as interim principal monetary and accounting officer.
Adrian Mitchell
Adrian Mitchell was named Macy’s new finance chief. Mitchell joined the retailer from Boston Consulting Team (BCG) where he was a managing director and associate in the electronic BCG and consumer procedures. Ahead of signing up for BCG, Mitchell had wide-ranging retail activities. Mitchell took above for interim CFO Felicia Williams. Williams was named interim CFO in May perhaps after chief monetary officer Paula Price declared she was leaving the retailer after fewer than two years in the job.
Nasdaq promoted Ann Dennison to CFO. Dennison, who is presently senior vice president, controller, and chief accounting officer, will just take above as chief monetary officer on March 1, 2021. Dennison has been with Nasdaq for five years and has far more than twenty years of encounter in monetary reporting and analysis. Ahead of signing up for Nasdaq, Dennison labored at Goldman Sachs as managing director, head of monetary reporting. She usually takes above for Michael Ptasznik, who will retire on February 28.
Tapestry, the father or mother organization of Coach, Kate Spade, and Stuart Weitzman, named CFO Joanne Crevoiserat as chief executive officer. Crevoiserat, who became CFO in August 2019, took above as interim CEO in July. She joined the organization from Abercrombie & Fitch, where she was hired as chief monetary officer.
November 2020
Stanley Sutula is the new finance chief at Colgate-Palmolive. Sutula has served as executive vice president and chief monetary officer at Pitney Bowes considering the fact that February 2017 and formerly invested 28 years at IBM. His tenure at IBM provided monetary administration roles of increasing accountability, culminating in services as IBM’s vice president and controller. Sutula usually takes above for Henning Jakobsen, who will assume the job of senior vice president till his retirement on December 31.
International Automotive Parts (IAC) finance chief David Prystash will develop into its following CEO and a member of the company’s board of directors, helpful January 1, 2021. Ahead of signing up for IAC in November 2018, Prystash held leadership positions at Common Motors, which includes vice president and CFO of world product or service advancement, obtaining, 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 chief at AT&T, helpful April 1. Ahead of serving as CFO at WarnerMedia, Desroches was chief monetary officer at Turner and world controller at Time Warner. Desroches usually takes above for John Stephens, who will retire in March after 28 years with the organization and 9 years as CFO.
Lululemon promoted Meghan Frank to chief monetary officer. Frank joined Lululemon in 2016 as senior vice president of monetary organizing and analysis and, considering the fact that April, has served as interim co-CFO, together with Alex Grieve, vice president, controller for the organization. She formerly held senior roles at Ross Suppliers and J.Crew, where she served for practically a ten years.
Sysco named Aaron Alt as the foodservice distribution company’s new CFO, helpful December 7. Alt most lately served as chief monetary officer at retailer Sally Magnificence Holdings and president of Sally Magnificence Source. Alt’s encounter also contains executive leadership roles in finance, functions, and grocery transformation at Target. Alt replaces Joel Quality, who will assume the newly designed job of executive vice president of company advancement.
December 2020
Cisco named R. Scott Herren finance chief. Since November 2014, Herren served as CFO and senior vice president at style and design and engineering software program organization Autodesk. At Autodesk, he helped the organization completely transform its company product from perpetual licenses to SaaS and recurring subscriptions. Herren succeeds Kelly Kramer, who is retiring after 9 years at the organization.
Amy Weaver was named president and CFO at Salesforce. Weaver, a present president and chief lawful officer at the organization, will just take above for finance chief Mark Hawkin on February 1. Hawkin, who is retiring on January 31, will transition to an advisory job as CFO emeritus as a result of October 2021. Ahead of signing up for Salesforce, Weaver was executive vice president and common counsel at Univar.
Capital A person promoted Andrew Youthful to finance chief, helpful March 1. Youthful has served as senior vice president and company line CFO at the organization considering the fact that April 2018. He has also served as the chief monetary officer of Capital A person, N.A., the major of the company’s two national lender subsidiaries, considering the fact that July 2018. He usually takes above for R. Scott Blackley, who is leaving the organization to develop into CFO at insurance policy startup Oscar Overall health Insurance policies.
Procter & Gamble promoted Andre Schulten to finance chief, helpful March 1. Schulten, who joined the organization in 1996, is presently senior vice president of little one treatment in North America. Before in his career, Schulten held other roles, which includes senior vice president of finance and accounting in West Europe and for P&G’s world spouse and children treatment, little one treatment, and feminine treatment enterprises. He succeeds lengthy-time CFO Jon Moeller, who will retain his job as vice chairman and chief working officer.
Coty promoted Laurent Mercier to chief monetary officer, helpful February 15. Mercier, who is presently the magnificence company’s deputy CFO, joined Coty as CFO of its luxurious division in 2017. He formerly invested twenty years at world meals and beverage huge Danone, where he held a number of leadership roles. He succeeds Pierre-André Terisse, with whom he has labored intently at equally Coty and in the course of their prior roles at Danone.
