CFO Arrivals, Promotions, and Departures 2021
CFO turnover from January to Oct 21 in the S&P five hundred was 16%, about even with the two prior a long time, in accordance to Russell Reynolds. In excellent information for finance staffers attempting to shift up the ladder, the advertising of internal finance executives to the CFO seat transpired in sixty eight% of the appointments. When CFOs were hired from outside the house an business, a lot more than 3-fourths of the time (eighty four%) the nominees had previous CFO experience. At last, women of all ages comprised 33% of new CFO appointments in the ten months, nearly double previous year’s charge.
Our CFOs on the Move column tracks the transitions in CFO work opportunities weekly. Beneath is a sample of the CFO motion amid general public and non-public businesses this 12 months.
January 2021
Starbucks named Rachel Ruggeri chief monetary officer, replacing Pat Grismer, who retired. Ruggeri joined Starbucks seventeen a long time back and held several finance roles in advance of leaving for two a long time as CFO at Continental Mills.
On the web grocery platform Instacart appointed Nick Giovanni as finance chief. Giovanni labored for a lot more than twenty a long time at Goldman Sachs.
MGM Resorts hired Jonathan Halkyard as CFO. Halkyard was earlier president and chief executive officer at Extended Stay America and ESH Hospitality.
Motor vehicle acquiring market TrueCar named Jantoon Reigersman to the CFO location. Reigersman had been CFO of Leaf Team.
February 2021
The Children’s Place 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 companion Panos Kakoullis would be its chief monetary officer. His previous posture at Deloitte was controlling director in the firm’s world wide audit and assurance business enterprise.
HP appointed Marie Myers as chief monetary officer. She had been serving as acting CFO and chief transformation officer.
GameStop CFO Jim Bell reportedly was pressured to resign as section of a force by activist investor Ryan Cohen to “reshape the ailing retailer.”
March 2021
Quick-informal chain BurgerFi hired Michael Rabinovitch as CFO. Rabinovitch joins the corporation right after serving as chief accounting officer at Tech Info.
Yumi hired Goldman Sachs partner Sarah-Marie Martin as the infant meals company’s very first CFO. She has been a controlling director for Goldman’s monetary and strategic investors group since 2016.
Agribusiness giant Cargill named its very first female CFO, appointing former General Electric executive Jamie Miller to realize success David Dines. She was finance chief of GE from 2017 to 2020.
Adobe chief monetary officer John Murphy stepped down after 3 a long time of guiding the program maker’s funds. (On Oct eighteen, Dan Durn was appointed Murphy’s successor.)
April 2021
Immediately after four a long time as CFO at Shake Shack, Tara Comonte remaining to come to be CEO of TMRW Everyday living Sciences, a biotech corporation targeted on in vitro fertilization.
Raytheon Technologies appointed former United Technologies executive Neil Mitchill to realize success Anthony “Toby” O’Brien as CFO a 12 months right after merging to build an aerospace and defense behemoth.
Boeing CFO Greg Smith decided to retire after assisting guidebook the corporation by way of the twin crises of the 737 Max grounding and the coronavirus pandemic.
Could 2021
Automation Any where named James Budge as the cloud RPA company’s chief monetary officer. Budge was earlier the CFO at Pluralsight.
David Bertolino joined retail program company Aptos as CFO. He was finance chief at B2B revenue organization N3, and in advance of that, held monetary management roles at Verint Systems.
JetBlue named Ursula Hurley acting chief monetary officer, adding to her purpose as head of treasury and investor relations. She was appointed to the task forever in September 2021.
Everside Health and fitness hired Heather Dixon as its new chief monetary officer. Dixon earlier served as senior vice president, world wide controller, and chief accounting officer of Walgreens Boots Alliance.
June 2021
Mesirow Fiscal Holdings promoted chief monetary officer and chief administrative officer Natalie Brown to president. Just before becoming a member of Mesirow, Brown put in eighteen a long time in finance roles at Nuveen.
Further than Meat appointed Phil Hardin as its new finance chief. Hardin joins the plant-centered meat maker from Amazon, wherever he labored for 15 a long time in finance and investor relations.
Glenn Schiffman, IAC executive vice president and CFO, remaining the media conglomerate. Schiffman subsequently became finance chief of Fanatics.
Cafe chain Ruby Tuesday hired Kathy Buckley as chief monetary officer. Buckley has a lot more than 35 a long time of finance experience, such as CFO of Bruegger’s Bagels and The Rug Health practitioner and vice president of finance at RadioShack.
July 2021
Boeing named Brian West, a former GE executive, to lead its finance department. West was earlier CFO at monetary markets facts provider Refinitiv, which he joined in 2018 from Oscar Health and fitness Insurance coverage.
BJ’s Dining places promoted CFO and president Gregory Levin to president and chief executive officer. Levin had served as CFO since becoming a member of BJ’s in September 2005. Thomas Houdek, vice president of strategy and FP&A, was promoted to CFO to replace Levin.
Exxon Mobil hired former United Airways CFO Kathryn Mikells to lead its finance workforce. She joins from spirit distributor Diageo, wherever she was CFO for 5-plus a long time.
Jayant Mittal joined on the net pizza ordering platform Slice as finance chief. Mittal put in four a long time as director of worldwide corporate growth at Amazon.
August 2021
The Senate confirmed Margaret Vo Schaus as chief monetary officer of NASA. She was the director for business enterprise operations in the Workplace of the Beneath Secretary of Protection.
Not possible Foods’ interim chief monetary officer, David Borecky, was promoted to CFO of the plant-centered meat maker. Borecky was earlier the controller for Stripe and held senior administration positions at Sq..
Sharon McCollam joined Albertsons Companies as the grocery store chain’s new president and CFO. McCollam retired from the CFO posture at Very best Obtain in 2016.
Petco Health and fitness and Wellness Business promoted Brian LaRose to finance chief. Since September 2020, LaRose has served as Petco’s senior vice president of finance. Just before becoming a member of Petco, he was divisional CFO for HP’s 3D business enterprise unit.
September 2021
Tradeweb appointed Sara Furber as chief monetary officer, productive September seven. Furber joins the digital trading provider from equity exchange operator IEX Team.
Alastair Borthwick, president of world wide professional banking at Bank of America, was promoted to CFO. Borthwick joined the lender in 2005 as head of world wide investment decision-grade debt funds markets.
Goldman Sachs announced that Denis Coleman would just take about as finance chief on January one, 2022. Coleman joined the lender in 1996 as an analyst in the lender bank loan group.
Technological know-how company Bubblr appointed Neeta Shah as chief monetary officer. Shah has twenty a long time of world wide experience in finance and earlier labored at BlackRock and Citigroup. She is the founder of Startup CFO Options.
Oct 2021
Audio and speech recognition company SoundHound appointed Nitesh Sharan as CFO. Just before becoming a member of SoundHound, Sharan was CFO, world wide operations and technologies at Nike.
Adam Kroll took about as chief monetary officer of electrical motor vehicle company Lordstown Motors. Kroll has served as the chief administrative officer of hydrogen-powered professional motor vehicle provider Hyzon Motors and was earlier interim chief monetary officer for steel distributor UPG Enterprises.
Melissa Thomas was named the new CFO of Cinemark. Thomas joined the motion picture theater chain from Groupon, wherever she started out as vice president of professional finance in 2017.
Brandy Richardson was appointed CFO of Personalized Manufacturers, the owner of retail outlets Men’s Wearhouse, Jos. A. Bank, and K&G Fashion Superstore. Richardson was executive vice president and CFO at Neiman Marcus Team.
November 2021
Hormel Foods named Jacinth Smiley, a former GE executive with experience in strategic arranging, as its new CFO. She will realize success Jim Sheehan, retiring right after forty three a long time at Hormel.
Seun Sodipo will be a part of direct-to-customer elegance brand Glossier in February 2022 as finance chief. Most just lately, Sodipo led item finance and strategy at Stripe right after performing in non-public equity and mergers and acquisitions.
Brian T. Purcell, chief monetary officer of Hostess Manufacturers, resigned right after shelling out fewer than two a long time at the bakery corporation. 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 14-12 months tenure during which he played essential 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 subsequent CFO, adding a female to its executive board. Youngwood will replace Kirt Gardner when he measures down in Could 2022.
Publicly held SmileDirectClub announced the resignation of CFO Kyle Wailes to go after a CEO chance at a well being care corporation. The enamel-straightening corporation has retained executive recruiting organization Korn Ferry.
Former chief business enterprise officer of ZipRecruiter Timothy Yarborough was named the task aggregator’s finance chief. Yarborough requires about for David Travers, who was named president.
Children’s entertainment corporation Genius Manufacturers International went outside the house its business to appoint Zrinka Dekic as chief monetary officer and head of strategy and mergers and acquisitions. She was previously an executive in the investment decision administration division of Goldman Sachs.