CFO Arrivals, Promotions, and Departures 2021
CFO turnover from January to Oct 21 in the S&P five hundred was sixteen%, about even with the two prior several years, according to Russell Reynolds. In great information for finance staffers striving to move up the ladder, the marketing of inner finance executives to the CFO seat occurred in sixty eight% of the appointments. When CFOs were hired from outside the house an group, additional than three-fourths of the time (eighty four%) the nominees experienced earlier CFO experience. Lastly, gals comprised 33% of new CFO appointments in the ten months, pretty much double previous year’s charge.
Our CFOs on the Shift column tracks the transitions in CFO work opportunities weekly. Under is a sample of the CFO motion among the community and non-public corporations this year.
January 2021
Starbucks named Rachel Ruggeri chief monetary officer, replacing Pat Grismer, who retired. Ruggeri joined Starbucks seventeen several years in the past and held numerous finance roles before leaving for two several years as CFO at Continental Mills.
On line grocery platform Instacart appointed Nick Giovanni as finance main. Giovanni labored for additional than twenty several years at Goldman Sachs.
MGM Resorts hired Jonathan Halkyard as CFO. Halkyard was beforehand president and main govt officer at Extended Keep The united states and ESH Hospitality.
Car or truck shopping for market TrueCar named Jantoon Reigersman to the CFO location. 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 administration.
Rolls-Royce declared that former Deloitte husband or wife Panos Kakoullis would be its main monetary officer. His previous place at Deloitte was taking care of director in the firm’s global audit and assurance company.
HP appointed Marie Myers as main monetary officer. She experienced been serving as acting CFO and main transformation officer.
GameStop CFO Jim Bell reportedly was compelled to resign as portion of a drive by activist trader Ryan Cohen to “reshape the ailing retailer.”
March 2021
Rapid-relaxed chain BurgerFi hired Michael Rabinovitch as CFO. Rabinovitch joins the corporation just after serving as main accounting officer at Tech Knowledge.
Yumi hired Goldman Sachs partner Sarah-Marie Martin as the infant food company’s first CFO. She has been a taking care of director for Goldman’s monetary and strategic buyers group considering the fact that 2016.
Agribusiness huge Cargill named its first woman CFO, appointing former Standard Electric powered govt Jamie Miller to thrive David Dines. She was finance main of GE from 2017 to 2020.
Adobe chief monetary officer John Murphy stepped down after three several years of guiding the software maker’s finances. (On Oct eighteen, Dan Durn was appointed Murphy’s successor.)
April 2021
Soon after 4 several years as CFO at Shake Shack, Tara Comonte still left to develop into CEO of TMRW Lifetime Sciences, a biotech corporation centered on in vitro fertilization.
Raytheon Systems appointed former United Systems govt Neil Mitchill to thrive Anthony “Toby” O’Brien as CFO a year just after merging to build an aerospace and protection behemoth.
Boeing CFO Greg Smith decided to retire after aiding guidebook the corporation by means of the twin crises of the 737 Max grounding and the coronavirus pandemic.
May 2021
Automation Wherever named James Budge as the cloud RPA company’s main monetary officer. Budge was beforehand the CFO at Pluralsight.
David Bertolino joined retail software company Aptos as CFO. He was finance main at B2B gross sales organization N3, and before that, held monetary management roles at Verint Methods.
JetBlue named Ursula Hurley acting main monetary officer, incorporating to her position as head of treasury and trader relations. She was appointed to the task forever in September 2021.
Everside Overall health hired Heather Dixon as its new main monetary officer. Dixon beforehand served as senior vice president, global controller, and main accounting officer of Walgreens Boots Alliance.
June 2021
Mesirow Fiscal Holdings promoted main monetary officer and main administrative officer Natalie Brown to president. Just before signing up for Mesirow, Brown expended eighteen several years in finance roles at Nuveen.
Further than Meat appointed Phil Hardin as its new finance main. Hardin joins the plant-primarily based meat maker from Amazon, in which he labored for fifteen several 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 monetary officer. Buckley has additional than 35 several years of finance experience, together with CFO of Bruegger’s Bagels and The Rug Health care provider and vice president of finance at RadioShack.
July 2021
Boeing named Brian West, a former GE govt, to lead its finance section. West was beforehand CFO at monetary markets details provider Refinitiv, which he joined in 2018 from Oscar Overall health Insurance coverage.
BJ’s Dining establishments promoted CFO and president Gregory Levin to president and main govt officer. Levin experienced served as CFO considering the fact that signing up for BJ’s in September 2005. Thomas Houdek, vice president of strategy and FP&A, was promoted to CFO to change Levin.
Exxon Mobil hired former United Airways CFO Kathryn Mikells to lead its finance staff. She joins from spirit distributor Diageo, in which she was CFO for five-moreover several years.
Jayant Mittal joined on-line pizza buying platform Slice as finance main. Mittal expended 4 several years as director of around the world corporate enhancement at Amazon.
August 2021
The Senate confirmed Margaret Vo Schaus as main monetary officer of NASA. She was the director for company operations in the Office environment of the Less than Secretary of Defense.
Extremely hard Foods’ interim main monetary officer, David Borecky, was promoted to CFO of the plant-primarily based meat maker. Borecky was beforehand the controller for Stripe and held senior administration positions at Square.
Sharon McCollam joined Albertsons Firms as the grocery retail outlet chain’s new president and CFO. McCollam retired from the CFO place at Finest Invest in in 2016.
Petco Overall health and Wellness Company promoted Brian LaRose to finance main. Given that September 2020, LaRose has served as Petco’s senior vice president of finance. Just before signing up for Petco, he was divisional CFO for HP’s 3D company unit.
September 2021
Tradeweb appointed Sara Furber as main monetary officer, productive September seven. Furber joins the electronic investing provider from equity exchange operator IEX Team.
Alastair Borthwick, president of global commercial banking at Financial institution of The united states, was promoted to CFO. Borthwick joined the bank in 2005 as head of global expense-grade financial debt cash markets.
Goldman Sachs declared that Denis Coleman would acquire more than as finance main on January 1, 2022. Coleman joined the bank in 1996 as an analyst in the bank mortgage group.
Know-how company Bubblr appointed Neeta Shah as main monetary officer. Shah has twenty several years of global experience in finance and beforehand labored at BlackRock and Citigroup. She is the founder of Startup CFO Alternatives.
Oct 2021
Audio and speech recognition company SoundHound appointed Nitesh Sharan as CFO. Just before signing up for SoundHound, Sharan was CFO, global operations and technologies at Nike.
Adam Kroll took more than as main monetary officer of electrical car company Lordstown Motors. Kroll has served as the main administrative officer of hydrogen-driven commercial car provider Hyzon Motors and was beforehand interim main 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, in which she commenced as vice president of commercial finance in 2017.
Brandy Richardson was appointed CFO of Tailor-made Makes, the proprietor of retail stores Men’s Wearhouse, Jos. A. Financial institution, and K&G Manner Superstore. Richardson was govt vice president and CFO at Neiman Marcus Team.
November 2021
Hormel Foods named Jacinth Smiley, a former GE govt with skills in strategic organizing, as its new CFO. She will thrive Jim Sheehan, retiring just after forty three several years at Hormel.
Seun Sodipo will be part of immediate-to-buyer magnificence brand Glossier in February 2022 as finance main. Most not long ago, Sodipo led solution finance and strategy at Stripe just after doing the job in non-public equity and mergers and acquisitions.
Brian T. Purcell, main monetary officer of Hostess Makes, resigned just after investing much less than two several years 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 just after a fourteen-year tenure in the course of which he performed vital roles in transformative transactions and the drugmaker’s response to the pandemic. Pfizer started an external look for for D’Amelio’s successor.
December 2021
Swiss bank UBS named JPMorgan Chase veteran Sarah Youngwood as its future CFO, incorporating a woman to its govt board. Youngwood will change Kirt Gardner when he measures down in May 2022.
Publicly held SmileDirectClub announced the resignation of CFO Kyle Wailes to pursue a CEO possibility at a wellbeing treatment corporation. The teeth-straightening corporation has retained govt recruiting organization Korn Ferry.
Former main company officer of ZipRecruiter Timothy Yarborough was named the task aggregator’s finance main. Yarborough requires more than for David Travers, who was named president.
Children’s enjoyment corporation Genius Makes International went outside the house its group to appoint Zrinka Dekic as main monetary officer and head of strategy and mergers and acquisitions. She was formerly an govt in the expense administration division of Goldman Sachs.
