December 2, 2023


Imagination at work

CFO Arrivals, Promotions, and Departures 2021

CFO turnover from January to Oct 21 in the S&P 500 was 16%, about even with the two prior years, in accordance to Russell Reynolds. In very good news for finance staffers attempting to shift up the ladder, the marketing of internal finance executives to the CFO seat occurred in sixty eight% of the appointments. When CFOs have been employed from outside the house an organization, a lot more than 3-fourths of the time (84%) the nominees had earlier CFO expertise. Ultimately, ladies comprised 33% of new CFO appointments in the ten months, virtually double past year’s price.

Our CFOs on the Go column tracks the transitions in CFO careers weekly. Under is a sample of the CFO movement amid public and non-public corporations this yr.

January 2021

Starbucks named Rachel Ruggeri chief economic officer, changing Pat Grismer, who retired. Ruggeri joined Starbucks seventeen years ago and held many finance roles right before leaving for two years as CFO at Continental Mills.

Online grocery platform Instacart appointed Nick Giovanni as finance main. Giovanni labored for a lot more than 20 years at Goldman Sachs.

MGM Resorts hired Jonathan Halkyard as CFO. Halkyard was formerly president and main government officer at Extended Continue to be The us and ESH Hospitality.

Automobile shopping for 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 main. He was most a short while ago senior vice president of finance and stock administration.

Rolls-Royce announced that former Deloitte husband or wife Panos Kakoullis would be its main economic officer. His past position at Deloitte was handling director in the firm’s world wide audit and assurance business enterprise.

HP appointed Marie Myers as main economic officer. She had been serving as acting CFO and main transformation officer.

GameStop CFO Jim Bell reportedly was pressured to resign as section of a drive by activist investor Ryan Cohen to “reshape the ailing retailer.”

March 2021

Rapidly-informal chain BurgerFi hired Michael Rabinovitch as CFO. Rabinovitch joins the business soon after serving as main accounting officer at Tech Information.

Yumi hired Goldman Sachs partner Sarah-Marie Martin as the newborn food company’s to start with CFO. She has been a handling director for Goldman’s economic and strategic buyers team due to the fact 2016.

Agribusiness large Cargill named its to start with female CFO, appointing former Basic Electric powered government Jamie Miller to realize success David Dines. She was finance main of GE from 2017 to 2020.

Adobe chief economic officer John Murphy stepped down after 3 years of guiding the program maker’s funds. (On Oct eighteen, Dan Durn was appointed Murphy’s successor.)

April 2021

Soon after 4 years as CFO at Shake Shack, Tara Comonte still left to grow to be CEO of TMRW Everyday living Sciences, a biotech business targeted on in vitro fertilization.

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

Boeing CFO Greg Smith decided to retire after assisting tutorial the business as a result of the twin crises of the 737 Max grounding and the coronavirus pandemic.

Might 2021

Automation Wherever named James Budge as the cloud RPA company’s main economic officer. Budge was formerly the CFO at Pluralsight.

David Bertolino joined retail program company Aptos as CFO. He was finance main at B2B product sales company N3, and right before that, held economic leadership roles at Verint Units.

JetBlue named Ursula Hurley acting main economic officer, adding to her part as head of treasury and investor relations. She was appointed to the task completely in September 2021.

Everside Overall health hired Heather Dixon as its new main economic officer. Dixon formerly served as senior vice president, world wide controller, and main accounting officer of Walgreens Boots Alliance.

June 2021

Mesirow Economic Holdings promoted main economic officer and main administrative officer Natalie Brown to president. Just before becoming a member of Mesirow, Brown put in eighteen years in finance roles at Nuveen.

Outside of Meat appointed Phil Hardin as its new finance main. Hardin joins the plant-primarily based meat maker from Amazon, where he labored for fifteen years in finance and investor relations.

Glenn Schiffman, IAC government vice president and CFO, still left the media conglomerate. Schiffman subsequently became finance main of Fanatics.

Restaurant chain Ruby Tuesday hired Kathy Buckley as main economic officer. Buckley has a lot more than 35 years of finance expertise, 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 government, to guide its finance department. West was formerly CFO at economic markets facts provider Refinitiv, which he joined in 2018 from Oscar Overall health Insurance policy.

BJ’s Restaurants promoted CFO and president Gregory Levin to president and main government officer. Levin had served as CFO due to the fact becoming a member of BJ’s in September 2005. Thomas Houdek, vice president of strategy and FP&A, was promoted to CFO to swap Levin.

Exxon Mobil employed former United Airways CFO Kathryn Mikells to guide its finance team. She joins from spirit distributor Diageo, where she was CFO for 5-as well as years.

Jayant Mittal joined on line pizza purchasing platform Slice as finance main. Mittal put in 4 years as director of around the world corporate improvement at Amazon.

 August 2021

The Senate confirmed Margaret Vo Schaus as main economic officer of NASA. She was the director for business enterprise functions in the Place of work of the Beneath Secretary of Protection.

Unattainable Foods’ interim main economic officer, David Borecky, was promoted to CFO of the plant-primarily based meat maker. Borecky was formerly the controller for Stripe and held senior administration positions at Square.

Sharon McCollam joined Albertsons Companies as the grocery retail store chain’s new president and CFO. McCollam retired from the CFO position at Ideal Obtain in 2016.

Petco Overall health 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 becoming a member of Petco, he was divisional CFO for HP’s 3D business enterprise device.

September 2021

Tradeweb appointed Sara Furber as main economic officer, powerful September 7. Furber joins the digital trading provider from fairness trade operator IEX Team.

Alastair Borthwick, president of world wide industrial banking at Bank of The us, was promoted to CFO. Borthwick joined the financial institution in 2005 as head of world wide investment-quality credit card debt money markets.

Goldman Sachs announced that Denis Coleman would get about as finance main on January 1, 2022. Coleman joined the financial institution in 1996 as an analyst in the financial institution bank loan team.

Engineering company Bubblr appointed Neeta Shah as main economic officer. Shah has 20 years of world wide expertise in finance and formerly labored at BlackRock and Citigroup. She is the founder of Startup CFO Methods.

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 functions and technological innovation at Nike.

Adam Kroll took about as main economic officer of electric motor vehicle company Lordstown Motors. Kroll has served as the main administrative officer of hydrogen-powered industrial motor vehicle provider Hyzon Motors and was formerly interim main economic officer for metal distributor UPG Enterprises.

Melissa Thomas was named the new CFO of Cinemark. Thomas joined the film theater chain from Groupon, where she began as vice president of industrial finance in 2017.

Brandy Richardson was appointed CFO of Customized Makes, the owner of retail outlets Men’s Wearhouse, Jos. A. Bank, and K&G Style Superstore. Richardson was government vice president and CFO at Neiman Marcus Team.

November 2021

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

Seun Sodipo will be part of direct-to-shopper splendor brand Glossier in February 2022 as finance main. Most a short while ago, Sodipo led item finance and strategy at Stripe soon after operating in non-public fairness and mergers and acquisitions.

Brian T. Purcell, main economic officer of Hostess Makes, resigned soon after expending fewer than two years at the bakery business. 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 14-yr tenure all through which he played essential roles in transformative transactions and the drugmaker’s reaction to the pandemic. Pfizer started an exterior lookup for D’Amelio’s successor.

December 2021

Swiss bank UBS named JPMorgan Chase veteran Sarah Youngwood as its future CFO, adding a woman to its government board. Youngwood will swap Kirt Gardner when he methods down in Might 2022.

Publicly held SmileDirectClub announced the resignation of CFO Kyle Wailes to go after a CEO option at a health and fitness treatment business.  The tooth-straightening business has retained government recruiting company Korn Ferry.

Former main business enterprise officer of ZipRecruiter Timothy Yarborough was named the task aggregator’s finance main. Yarborough takes about for David Travers, who was named president.

Children’s enjoyment business Genius Makes International went outside the house its organization to appoint Zrinka Dekic as main economic officer and head of strategy and mergers and acquisitions. She was previously an government in the investment administration division of Goldman Sachs.

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