CFO turnover from January to October 21 in the S&P five hundred was sixteen%, about even with the two prior a long time, according to Russell Reynolds. In fantastic information for finance staffers hoping to go up the ladder, the marketing of interior finance executives to the CFO seat happened in 68% of the appointments. When CFOs were hired from outside the house an business, additional than three-fourths of the time (eighty four%) the nominees had former CFO practical experience. At last, gals comprised 33% of new CFO appointments in the 10 months, almost double last year’s price.
Our CFOs on the Move column tracks the transitions in CFO work opportunities weekly. Under is a sample of the CFO movement amid public and personal corporations this year.
Starbucks named Rachel Ruggeri chief economical officer, changing Pat Grismer, who retired. Ruggeri joined Starbucks 17 a long time back and held several finance roles in advance of leaving for two a long time as CFO at Continental Mills.
Online grocery platform Instacart appointed Nick Giovanni as finance main. Giovanni worked for additional than twenty a long time at Goldman Sachs.
MGM Resorts hired Jonathan Halkyard as CFO. Halkyard was previously president and main govt officer at Prolonged Keep America and ESH Hospitality.
Car or truck acquiring marketplace TrueCar named Jantoon Reigersman to the CFO location. Reigersman had been CFO of Leaf Group.
The Children’s Spot promoted Robert Helm to finance main. He was most not too long ago senior vice president of finance and inventory management.
Rolls-Royce introduced that former Deloitte spouse Panos Kakoullis would be its main economical officer. His last place at Deloitte was managing director in the firm’s international audit and assurance small business.
HP appointed Marie Myers as main economical officer. She had been serving as acting CFO and main transformation officer.
GameStop CFO Jim Bell reportedly was compelled to resign as aspect of a push by activist trader Ryan Cohen to “reshape the ailing retailer.”
Speedy-relaxed chain BurgerFi hired Michael Rabinovitch as CFO. Rabinovitch joins the company right after serving as main accounting officer at Tech Info.
Yumi hired Goldman Sachs partner Sarah-Marie Martin as the child food items company’s 1st CFO. She has been a managing director for Goldman’s economical and strategic investors team considering that 2016.
Agribusiness large Cargill named its 1st feminine CFO, appointing former Basic Electric powered govt Jamie Miller to triumph David Dines. She was finance main of GE from 2017 to 2020.
Adobe chief economical officer John Murphy stepped down after three a long time of guiding the application maker’s finances. (On October eighteen, Dan Durn was appointed Murphy’s successor.)
After four a long time as CFO at Shake Shack, Tara Comonte remaining to turn into CEO of TMRW Lifetime Sciences, a biotech company focused on in vitro fertilization.
Raytheon Systems appointed former United Systems govt Neil Mitchill to triumph Anthony “Toby” O’Brien as CFO a year right after merging to produce an aerospace and defense behemoth.
Boeing CFO Greg Smith decided to retire after serving to information the company by the twin crises of the 737 Max grounding and the coronavirus pandemic.
May possibly 2021
Automation Everywhere named James Budge as the cloud RPA company’s main economical officer. Budge was previously the CFO at Pluralsight.
David Bertolino joined retail application company Aptos as CFO. He was finance main at B2B product sales company N3, and in advance of that, held economical leadership roles at Verint Systems.
JetBlue named Ursula Hurley acting main economical officer, adding to her job as head of treasury and trader relations. She was appointed to the task permanently in September 2021.
Everside Health and fitness hired Heather Dixon as its new main economical officer. Dixon previously served as senior vice president, international controller, and main accounting officer of Walgreens Boots Alliance.
Mesirow Fiscal Holdings promoted main economical officer and main administrative officer Natalie Brown to president. Before becoming a member of Mesirow, Brown used eighteen a long time in finance roles at Nuveen.
Further than Meat appointed Phil Hardin as its new finance main. Hardin joins the plant-dependent meat maker from Amazon, where by he worked for 15 a long time in finance and trader relations.
Glenn Schiffman, IAC govt vice president and CFO, remaining the media conglomerate. Schiffman subsequently became finance main of Fanatics.
Restaurant chain Ruby Tuesday hired Kathy Buckley as main economical officer. Buckley has additional than 35 a long time of finance practical experience, like CFO of Bruegger’s Bagels and The Rug Health care provider and vice president of finance at RadioShack.
Boeing named Brian West, a former GE govt, to guide its finance office. West was previously CFO at economical markets knowledge service provider Refinitiv, which he joined in 2018 from Oscar Health and fitness Insurance policy.
BJ’s Restaurants promoted CFO and president Gregory Levin to president and main govt officer. Levin had served as CFO considering that becoming a member of BJ’s in September 2005. Thomas Houdek, vice president of system and FP&A, was promoted to CFO to swap Levin.
Exxon Mobil hired former United Airways CFO Kathryn Mikells to guide its finance crew. She joins from spirit distributor Diageo, where by she was CFO for 5-furthermore a long time.
Jayant Mittal joined on the web pizza buying platform Slice as finance main. Mittal used four a long time as director of all over the world company growth at Amazon.
The Senate confirmed Margaret Vo Schaus as main economical officer of NASA. She was the director for small business operations in the Place of work of the Beneath Secretary of Defense.
Extremely hard Foods’ interim main economical officer, David Borecky, was promoted to CFO of the plant-dependent meat maker. Borecky was previously the controller for Stripe and held senior management positions at Sq..
Sharon McCollam joined Albertsons Businesses as the grocery shop chain’s new president and CFO. McCollam retired from the CFO place at Greatest Obtain in 2016.
Petco Health and fitness and Wellness Firm promoted Brian LaRose to finance main. Given that 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 small business device.
Tradeweb appointed Sara Furber as main economical officer, successful September 7. Furber joins the digital investing service provider from fairness trade operator IEX Group.
Alastair Borthwick, president of international business banking at Bank of America, was promoted to CFO. Borthwick joined the lender in 2005 as head of international financial investment-quality financial debt cash markets.
Goldman Sachs introduced that Denis Coleman would choose above as finance main on January one, 2022. Coleman joined the lender in 1996 as an analyst in the lender bank loan team.
Engineering company Bubblr appointed Neeta Shah as main economical officer. Shah has twenty a long time of international practical experience in finance and previously worked at BlackRock and Citigroup. She is the founder of Startup CFO Alternatives.
Audio and speech recognition company SoundHound appointed Nitesh Sharan as CFO. Before becoming a member of SoundHound, Sharan was CFO, international operations and technological innovation at Nike.
Adam Kroll took above as main economical officer of electric powered car or truck company Lordstown Motors. Kroll has served as the main administrative officer of hydrogen-powered business car or truck supplier Hyzon Motors and was previously interim main economical officer for metal distributor UPG Enterprises.
Melissa Thomas was named the new CFO of Cinemark. Thomas joined the motion picture theater chain from Groupon, where by she started out as vice president of business finance in 2017.
Brandy Richardson was appointed CFO of Tailored Brand names, the owner of retail suppliers Men’s Wearhouse, Jos. A. Bank, and K&G Vogue Superstore. Richardson was govt vice president and CFO at Neiman Marcus Group.
Hormel Food items named Jacinth Smiley, a former GE govt with skills in strategic preparing, as its new CFO. She will triumph Jim Sheehan, retiring right after forty three a long time at Hormel.
Seun Sodipo will sign up for immediate-to-shopper natural beauty brand Glossier in February 2022 as finance main. Most not too long ago, Sodipo led solution finance and system at Stripe right after working in personal fairness and mergers and acquisitions.
Brian T. Purcell, main economical officer of Hostess Brand names, resigned right after shelling out less than two a long time at the bakery company. The Hostess board of directors named Michael Gernigin, senior vice president and company controller, as interim CFO.
Frank D’Amelio retired as CFO of Pfizer right after a fourteen-year tenure for the duration of which he performed critical roles in transformative transactions and the drugmaker’s reaction to the pandemic. Pfizer started an external search for D’Amelio’s successor.
Swiss bank UBS named JPMorgan Chase veteran Sarah Youngwood as its future CFO, adding a female to its govt board. Youngwood will swap Kirt Gardner when he measures down in May possibly 2022.
Publicly held SmileDirectClub announced the resignation of CFO Kyle Wailes to pursue a CEO chance at a wellness care company. The teeth-straightening company has retained govt recruiting company Korn Ferry.
Former main small business officer of ZipRecruiter Timothy Yarborough was named the task aggregator’s finance main. Yarborough can take above for David Travers, who was named president.
Children’s leisure company Genius Brand names International went outside the house its business to appoint Zrinka Dekic as main economical officer and head of system and mergers and acquisitions. She was previously an govt in the financial investment management division of Goldman Sachs.