CFO turnover from January to Oct 21 in the S&P 500 was 16%, about even with the two prior yrs, according to Russell Reynolds. In fantastic news for finance staffers hoping to transfer up the ladder, the advertising of inside finance executives to the CFO seat occurred in 68% of the appointments. When CFOs have been hired from outdoors an group, more than three-fourths of the time (84%) the nominees had prior CFO practical experience. Ultimately, women of all ages comprised 33% of new CFO appointments in the 10 months, practically double very last year’s fee.
Our CFOs on the Transfer column tracks the transitions in CFO work opportunities weekly. Under is a sample of the CFO movement amid public and non-public businesses this calendar year.
Starbucks named Rachel Ruggeri chief money officer, replacing Pat Grismer, who retired. Ruggeri joined Starbucks 17 a long time ago and held several finance roles before leaving for two several years as CFO at Continental Mills.
On the net grocery platform Instacart appointed Nick Giovanni as finance main. Giovanni worked for extra than 20 a long time at Goldman Sachs.
MGM Resorts hired Jonathan Halkyard as CFO. Halkyard was beforehand president and main govt officer at Prolonged Remain The us and ESH Hospitality.
Auto buying market TrueCar named Jantoon Reigersman to the CFO location. Reigersman had been CFO of Leaf Team.
The Children’s Location promoted Robert Helm to finance main. He was most recently senior vice president of finance and stock management.
Rolls-Royce announced that former Deloitte companion Panos Kakoullis would be its main financial officer. His very last placement at Deloitte was controlling director in the firm’s global audit and assurance small business.
HP appointed Marie Myers as main money officer. She experienced been serving as acting CFO and chief 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.”
Quick-informal chain BurgerFi hired Michael Rabinovitch as CFO. Rabinovitch joins the corporation immediately after serving as chief accounting officer at Tech Info.
Yumi hired Goldman Sachs partner Sarah-Marie Martin as the newborn food items company’s to start with CFO. She has been a handling director for Goldman’s fiscal and strategic investors team because 2016.
Agribusiness big Cargill named its initial female CFO, appointing former Basic Electrical executive Jamie Miller to thrive David Dines. She was finance chief of GE from 2017 to 2020.
Adobe chief fiscal officer John Murphy stepped down after a few yrs of guiding the software package maker’s finances. (On Oct 18, Dan Durn was appointed Murphy’s successor.)
Soon after four many years as CFO at Shake Shack, Tara Comonte still left to come to be CEO of TMRW Everyday living Sciences, a biotech business concentrated on in vitro fertilization.
Raytheon Systems appointed previous United Technologies govt Neil Mitchill to realize success Anthony “Toby” O’Brien as CFO a calendar year right after merging to produce an aerospace and protection behemoth.
Boeing CFO Greg Smith decided to retire after assisting guidebook the company by way of the twin crises of the 737 Max grounding and the coronavirus pandemic.
May possibly 2021
Automation Any where named James Budge as the cloud RPA company’s chief money officer. Budge was earlier the CFO at Pluralsight.
David Bertolino joined retail software package company Aptos as CFO. He was finance main at B2B gross sales company N3, and prior to that, held fiscal management roles at Verint Devices.
JetBlue named Ursula Hurley acting main economical officer, adding to her part as head of treasury and investor relations. She was appointed to the job forever in September 2021.
Everside Wellbeing hired Heather Dixon as its new main money officer. Dixon earlier served as senior vice president, world controller, and main accounting officer of Walgreens Boots Alliance.
Mesirow Financial Holdings promoted main money officer and chief administrative officer Natalie Brown to president. Before becoming a member of Mesirow, Brown used 18 many years in finance roles at Nuveen.
Beyond Meat appointed Phil Hardin as its new finance chief. Hardin joins the plant-dependent meat maker from Amazon, where by he worked for 15 several years in finance and investor relations.
Glenn Schiffman, IAC govt vice president and CFO, left the media conglomerate. Schiffman subsequently turned finance chief of Fanatics.
Cafe chain Ruby Tuesday hired Kathy Buckley as chief money officer. Buckley has much more than 35 many years of finance expertise, together with CFO of Bruegger’s Bagels and The Rug Medical professional and vice president of finance at RadioShack.
Boeing named Brian West, a previous GE executive, to guide its finance office. West was formerly CFO at financial markets details service provider Refinitiv, which he joined in 2018 from Oscar Overall health Insurance policies.
BJ’s Dining establishments promoted CFO and president Gregory Levin to president and chief government officer. Levin experienced served as CFO due to the fact signing up for BJ’s in September 2005. Thomas Houdek, vice president of tactic and FP&A, was promoted to CFO to exchange Levin.
Exxon Mobil employed previous United Airlines CFO Kathryn Mikells to lead its finance team. She joins from spirit distributor Diageo, exactly where she was CFO for five-moreover years.
Jayant Mittal joined on the web pizza purchasing platform Slice as finance chief. Mittal invested four several years as director of around the globe company development at Amazon.
The Senate confirmed Margaret Vo Schaus as main economical officer of NASA. She was the director for small business functions in the Place of work of the Underneath Secretary of Defense.
Extremely hard Foods’ interim chief economic officer, David Borecky, was promoted to CFO of the plant-primarily based meat maker. Borecky was earlier the controller for Stripe and held senior administration positions at Square.
Sharon McCollam joined Albertsons Corporations as the grocery retail outlet chain’s new president and CFO. McCollam retired from the CFO posture at Most effective Purchase in 2016.
Petco Wellness and Wellness Firm promoted Brian LaRose to finance main. Given that September 2020, LaRose has served as Petco’s senior vice president of finance. In advance of becoming a member of Petco, he was divisional CFO for HP’s 3D small business device.
Tradeweb appointed Sara Furber as chief monetary officer, powerful September 7. Furber joins the digital investing service provider from equity trade operator IEX Group.
Alastair Borthwick, president of worldwide business banking at Financial institution of The usa, was promoted to CFO. Borthwick joined the financial institution in 2005 as head of global financial investment-grade financial debt cash markets.
Goldman Sachs announced that Denis Coleman would take over as finance main on January 1, 2022. Coleman joined the financial institution in 1996 as an analyst in the lender loan group.
Technological know-how company Bubblr appointed Neeta Shah as chief economic officer. Shah has 20 many years of world-wide encounter in finance and beforehand labored at BlackRock and Citigroup. She is the founder of Startup CFO Alternatives.
Audio and speech recognition company SoundHound appointed Nitesh Sharan as CFO. In advance of joining SoundHound, Sharan was CFO, international functions and technologies at Nike.
Adam Kroll took more than as chief economic officer of electric car or truck company Lordstown Motors. Kroll has served as the main administrative officer of hydrogen-driven professional automobile provider Hyzon Motors and was earlier interim main economical officer for steel distributor UPG Enterprises.
Melissa Thomas was named the new CFO of Cinemark. Thomas joined the motion picture theater chain from Groupon, exactly where she commenced as vice president of professional finance in 2017.
Brandy Richardson was appointed CFO of Tailor-made Brand names, the proprietor of retail shops Men’s Wearhouse, Jos. A. Bank, and K&G Manner Superstore. Richardson was executive vice president and CFO at Neiman Marcus Team.
Hormel Foodstuff named Jacinth Smiley, a previous GE executive with know-how in strategic preparing, as its new CFO. She will do well Jim Sheehan, retiring following 43 years at Hormel.
Seun Sodipo will sign up for immediate-to-customer natural beauty brand Glossier in February 2022 as finance main. Most not long ago, Sodipo led item finance and system at Stripe soon after working in non-public equity and mergers and acquisitions.
Brian T. Purcell, main economical officer of Hostess Manufacturers, resigned just after paying out fewer than two yrs 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 just after a 14-12 months tenure through which he performed vital roles in transformative transactions and the drugmaker’s response to the pandemic. Pfizer commenced an external search for D’Amelio’s successor.
Swiss bank UBS named JPMorgan Chase veteran Sarah Youngwood as its future CFO, including a lady to its executive board. Youngwood will change Kirt Gardner when he methods down in May perhaps 2022.
Publicly held SmileDirectClub announced the resignation of CFO Kyle Wailes to pursue a CEO opportunity at a well being care firm. The teeth-straightening company has retained executive recruiting company Korn Ferry.
Previous main organization officer of ZipRecruiter Timothy Yarborough was named the career aggregator’s finance main. Yarborough will take around for David Travers, who was named president.
Children’s amusement business Genius Brands International went outdoors its business to appoint Zrinka Dekic as main monetary officer and head of tactic and mergers and acquisitions. She was previously an govt in the financial commitment administration division of Goldman Sachs.