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 a long time, according to Russell Reynolds. In very good news for finance staffers making an attempt to transfer up the ladder, the advertising of inner finance executives to the CFO seat occurred in 68% of the appointments. When CFOs ended up hired from outdoors an business, more than a few-fourths of the time (84%) the nominees had former CFO encounter. Finally, ladies comprised 33% of new CFO appointments in the 10 months, almost double very last year’s fee.
Our CFOs on the Move column tracks the transitions in CFO positions weekly. Down below is a sample of the CFO movement among the general public and private businesses this year.
January 2021
Starbucks named Rachel Ruggeri chief monetary officer, changing Pat Grismer, who retired. Ruggeri joined Starbucks 17 several years ago and held numerous finance roles prior to leaving for two several years as CFO at Continental Mills.
Online grocery platform Instacart appointed Nick Giovanni as finance chief. Giovanni worked for more than 20 decades at Goldman Sachs.
MGM Resorts hired Jonathan Halkyard as CFO. Halkyard was formerly president and main executive officer at Extended Continue to be The us and ESH Hospitality.
Auto purchasing marketplace TrueCar named Jantoon Reigersman to the CFO place. Reigersman experienced been CFO of Leaf Team.
February 2021
The Children’s Spot promoted Robert Helm to finance main. He was most not long ago senior vice president of finance and inventory management.
Rolls-Royce announced that previous Deloitte husband or wife Panos Kakoullis would be its main economic officer. His very last place at Deloitte was running director in the firm’s world-wide audit and assurance small business.
HP appointed Marie Myers as chief fiscal officer. She had been serving as acting CFO and main transformation officer.
GameStop CFO Jim Bell reportedly was pressured to resign as aspect of a push by activist trader Ryan Cohen to “reshape the ailing retailer.”
March 2021
Quick-casual chain BurgerFi hired Michael Rabinovitch as CFO. Rabinovitch joins the firm following serving as chief accounting officer at Tech Facts.
Yumi hired Goldman Sachs partner Sarah-Marie Martin as the toddler meals company’s to start with CFO. She has been a handling director for Goldman’s financial and strategic traders group considering the fact that 2016.
Agribusiness large Cargill named its 1st woman CFO, appointing previous Basic Electric powered govt Jamie Miller to succeed David Dines. She was finance chief of GE from 2017 to 2020.
Adobe chief financial officer John Murphy stepped down after three a long time of guiding the software package 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 still left to come to be CEO of TMRW Existence Sciences, a biotech organization centered on in vitro fertilization.
Raytheon Systems appointed previous United Systems government Neil Mitchill to realize success Anthony “Toby” O’Brien as CFO a calendar year immediately after merging to create an aerospace and defense behemoth.
Boeing CFO Greg Smith decided to retire after encouraging information the company via the twin crises of the 737 Max grounding and the coronavirus pandemic.
May 2021
Automation Anyplace named James Budge as the cloud RPA company’s main economical officer. Budge was beforehand the CFO at Pluralsight.
David Bertolino joined retail program company Aptos as CFO. He was finance chief at B2B gross sales business N3, and just before that, held monetary leadership roles at Verint Units.
JetBlue named Ursula Hurley acting main financial officer, including to her position as head of treasury and trader relations. She was appointed to the task completely in September 2021.
Everside Health and fitness hired Heather Dixon as its new main monetary officer. Dixon earlier served as senior vice president, world wide controller, and main accounting officer of Walgreens Boots Alliance.
June 2021
Mesirow Financial Holdings promoted chief economic officer and main administrative officer Natalie Brown to president. Before joining Mesirow, Brown spent 18 a long time in finance roles at Nuveen.
Outside of Meat appointed Phil Hardin as its new finance main. Hardin joins the plant-based mostly meat maker from Amazon, wherever he worked for 15 several years in finance and trader relations.
Glenn Schiffman, IAC executive vice president and CFO, still left the media conglomerate. Schiffman subsequently turned finance main of Fanatics.
Cafe chain Ruby Tuesday hired Kathy Buckley as chief money officer. Buckley has far more than 35 yrs of finance knowledge, like CFO of Bruegger’s Bagels and The Rug Physician and vice president of finance at RadioShack.
July 2021
Boeing named Brian West, a former GE executive, to guide its finance department. West was formerly CFO at monetary markets info supplier 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 govt officer. Levin experienced served as CFO considering that joining BJ’s in September 2005. Thomas Houdek, vice president of strategy and FP&A, was promoted to CFO to swap Levin.
Exxon Mobil hired former United Airways CFO Kathryn Mikells to guide its finance workforce. She joins from spirit distributor Diageo, exactly where she was CFO for 5-moreover many years.
Jayant Mittal joined on the internet pizza purchasing platform Slice as finance chief. Mittal used 4 years as director of worldwide corporate growth 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 Workplace of the Beneath Secretary of Defense.
Not possible Foods’ interim main money officer, David Borecky, was promoted to CFO of the plant-centered meat maker. Borecky was formerly 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 Greatest Obtain in 2016.
Petco Overall health and Wellness Business promoted Brian LaRose to finance chief. Because September 2020, LaRose has served as Petco’s senior vice president of finance. Before becoming a member of Petco, he was divisional CFO for HP’s 3D organization device.
September 2021
Tradeweb appointed Sara Furber as chief economic officer, efficient September 7. Furber joins the digital investing supplier from fairness exchange operator IEX Team.
Alastair Borthwick, president of world wide commercial banking at Financial institution of The united states, was promoted to CFO. Borthwick joined the financial institution in 2005 as head of global expense-grade financial debt cash markets.
Goldman Sachs introduced that Denis Coleman would choose around as finance chief on January 1, 2022. Coleman joined the lender in 1996 as an analyst in the bank personal loan group.
Technologies company Bubblr appointed Neeta Shah as chief money officer. Shah has 20 many years of world practical experience in finance and beforehand 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. Prior to signing up for SoundHound, Sharan was CFO, world wide operations and technological know-how at Nike.
Adam Kroll took more than as chief economical officer of electric car company Lordstown Motors. Kroll has served as the chief administrative officer of hydrogen-driven professional car provider Hyzon Motors and was formerly interim chief fiscal officer for steel distributor UPG Enterprises.
Melissa Thomas was named the new CFO of Cinemark. Thomas joined the movie theater chain from Groupon, wherever she started off as vice president of professional finance in 2017.
Brandy Richardson was appointed CFO of Personalized Models, the operator of retail stores Men’s Wearhouse, Jos. A. Financial institution, and K&G Fashion Superstore. Richardson was government vice president and CFO at Neiman Marcus Group.
November 2021
Hormel Foodstuff named Jacinth Smiley, a previous GE executive with abilities in strategic arranging, as its new CFO. She will realize success Jim Sheehan, retiring following 43 a long time at Hormel.
Seun Sodipo will be part of immediate-to-consumer magnificence brand Glossier in February 2022 as finance chief. Most a short while ago, Sodipo led item finance and approach at Stripe right after doing the job in private fairness and mergers and acquisitions.
Brian T. Purcell, main fiscal officer of Hostess Models, resigned soon after shelling out less than two yrs at the bakery enterprise. 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 following a 14-calendar year tenure through which he performed crucial roles in transformative transactions and the drugmaker’s reaction to the pandemic. Pfizer began an external search for D’Amelio’s successor.
December 2021
Swiss bank UBS named JPMorgan Chase veteran Sarah Youngwood as its upcoming CFO, introducing a lady to its government board. Youngwood will switch Kirt Gardner when he actions down in May possibly 2022.
Publicly held SmileDirectClub announced the resignation of CFO Kyle Wailes to go after a CEO chance at a health care enterprise. The enamel-straightening company has retained government recruiting firm Korn Ferry.
Previous chief business officer of ZipRecruiter Timothy Yarborough was named the task aggregator’s finance chief. Yarborough requires more than for David Travers, who was named president.
Children’s entertainment organization Genius Brands International went outside its organization to appoint Zrinka Dekic as main money officer and head of technique and mergers and acquisitions. She was formerly an govt in the expenditure management division of Goldman Sachs.
