CFO turnover from January to Oct 21 in the S&P five hundred was 16%, about even with the two prior yrs, according to Russell Reynolds. In great information for finance staffers making an attempt to transfer up the ladder, the advertising of inner finance executives to the CFO seat happened in sixty eight% of the appointments. When CFOs had been hired from outside an business, extra than 3-fourths of the time (eighty four%) the nominees had prior CFO knowledge. Eventually, girls comprised 33% of new CFO appointments in the 10 months, nearly double last year’s price.
Our CFOs on the Shift column tracks the transitions in CFO jobs weekly. Underneath is a sample of the CFO motion between general public and non-public businesses this 12 months.
January 2021
Starbucks named Rachel Ruggeri chief money officer, changing Pat Grismer, who retired. Ruggeri joined Starbucks seventeen yrs ago and held several finance roles ahead of leaving for two yrs as CFO at Continental Mills.
On-line grocery platform Instacart appointed Nick Giovanni as finance chief. Giovanni worked for extra than twenty yrs at Goldman Sachs.
MGM Resorts hired Jonathan Halkyard as CFO. Halkyard was formerly president and chief executive officer at Extended Continue to be America and ESH Hospitality.
Car getting market TrueCar named Jantoon Reigersman to the CFO location. Reigersman had been CFO of Leaf Group.
February 2021
The Children’s Area promoted Robert Helm to finance chief. He was most a short while ago senior vice president of finance and inventory administration.
Rolls-Royce introduced that previous Deloitte companion Panos Kakoullis would be its chief money officer. His last place at Deloitte was managing director in the firm’s world audit and assurance small business.
HP appointed Marie Myers as chief money officer. She had been serving as acting CFO and chief transformation officer.
GameStop CFO Jim Bell reportedly was forced to resign as part of a thrust by activist trader Ryan Cohen to “reshape the ailing retailer.”
March 2021
Fast-everyday chain BurgerFi hired Michael Rabinovitch as CFO. Rabinovitch joins the enterprise just after serving as chief accounting officer at Tech Data.
Yumi hired Goldman Sachs partner Sarah-Marie Martin as the baby foods company’s initially CFO. She has been a managing director for Goldman’s money and strategic investors team considering that 2016.
Agribusiness huge Cargill named its initially woman CFO, appointing previous Standard Electric executive Jamie Miller to thrive David Dines. She was finance chief of GE from 2017 to 2020.
Adobe chief money officer John Murphy stepped down after 3 yrs of guiding the computer software maker’s funds. (On Oct eighteen, Dan Durn was appointed Murphy’s successor.)
April 2021
Right after four yrs as CFO at Shake Shack, Tara Comonte remaining to grow to be CEO of TMRW Existence Sciences, a biotech enterprise concentrated on in vitro fertilization.
Raytheon Technologies appointed previous United Technologies executive Neil Mitchill to thrive Anthony “Toby” O’Brien as CFO a 12 months just after merging to develop an aerospace and protection behemoth.
Boeing CFO Greg Smith decided to retire after assisting manual the enterprise through the twin crises of the 737 Max grounding and the coronavirus pandemic.
May well 2021
Automation Anywhere named James Budge as the cloud RPA company’s chief money officer. Budge was formerly the CFO at Pluralsight.
David Bertolino joined retail computer software company Aptos as CFO. He was finance chief at B2B sales firm N3, and ahead of that, held money management roles at Verint Units.
JetBlue named Ursula Hurley acting chief money officer, incorporating to her purpose as head of treasury and trader relations. She was appointed to the work forever in September 2021.
Everside Wellness hired Heather Dixon as its new chief money officer. Dixon formerly served as senior vice president, world controller, and chief accounting officer of Walgreens Boots Alliance.
June 2021
Mesirow Economic Holdings promoted chief money officer and chief administrative officer Natalie Brown to president. Just before joining Mesirow, Brown expended eighteen yrs in finance roles at Nuveen.
Past Meat appointed Phil Hardin as its new finance chief. Hardin joins the plant-based meat maker from Amazon, wherever he worked for 15 yrs in finance and trader relations.
Glenn Schiffman, IAC executive vice president and CFO, remaining the media conglomerate. Schiffman subsequently became finance chief of Fanatics.
Cafe chain Ruby Tuesday hired Kathy Buckley as chief money officer. Buckley has extra than 35 yrs of finance knowledge, such as CFO of Bruegger’s Bagels and The Rug Medical doctor and vice president of finance at RadioShack.
July 2021
Boeing named Brian West, a previous GE executive, to guide its finance department. West was formerly CFO at money marketplaces knowledge provider Refinitiv, which he joined in 2018 from Oscar Wellness Insurance policies.
BJ’s Restaurants promoted CFO and president Gregory Levin to president and chief executive officer. Levin had 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 previous United Airways CFO Kathryn Mikells to guide its finance crew. She joins from spirit distributor Diageo, wherever she was CFO for 5-in addition yrs.
Jayant Mittal joined on the web pizza buying platform Slice as finance chief. Mittal expended four yrs as director of all over the world corporate advancement at Amazon.
August 2021
The Senate confirmed Margaret Vo Schaus as chief money officer of NASA. She was the director for small business functions in the Workplace of the Less than Secretary of Defense.
Impossible Foods’ interim chief money officer, David Borecky, was promoted to CFO of the plant-based meat maker. Borecky was formerly the controller for Stripe and held senior administration positions at Square.
Sharon McCollam joined Albertsons Businesses as the grocery retailer chain’s new president and CFO. McCollam retired from the CFO place at Greatest Obtain in 2016.
Petco Wellness and Wellness Firm promoted Brian LaRose to finance chief. Considering the fact that September 2020, LaRose has served as Petco’s senior vice president of finance. Just before joining Petco, he was divisional CFO for HP’s 3D small business device.
September 2021
Tradeweb appointed Sara Furber as chief money officer, successful September 7. Furber joins the digital trading provider from fairness exchange operator IEX Group.
Alastair Borthwick, president of world industrial banking at Financial institution of America, was promoted to CFO. Borthwick joined the lender in 2005 as head of world expense-grade personal debt funds marketplaces.
Goldman Sachs introduced that Denis Coleman would consider about as finance chief on January one, 2022. Coleman joined the lender in 1996 as an analyst in the lender personal loan team.
Engineering company Bubblr appointed Neeta Shah as chief money officer. Shah has twenty yrs of world knowledge in finance and formerly worked at BlackRock and Citigroup. She is the founder of Startup CFO Answers.
Oct 2021
Audio and speech recognition company SoundHound appointed Nitesh Sharan as CFO. Just before joining SoundHound, Sharan was CFO, world functions and know-how at Nike.
Adam Kroll took about as chief money officer of electric powered car or truck company Lordstown Motors. Kroll has served as the chief administrative officer of hydrogen-run industrial car or truck supplier Hyzon Motors and was formerly interim chief money officer for metal distributor UPG Enterprises.
Melissa Thomas was named the new CFO of Cinemark. Thomas joined the motion picture theater chain from Groupon, wherever she started as vice president of industrial finance in 2017.
Brandy Richardson was appointed CFO of Tailored Manufacturers, the owner of retail shops Men’s Wearhouse, Jos. A. Financial institution, and K&G Style Superstore. Richardson was executive vice president and CFO at Neiman Marcus Group.
November 2021
Hormel Meals named Jacinth Smiley, a previous GE executive with skills in strategic organizing, as its new CFO. She will thrive Jim Sheehan, retiring just after forty three yrs at Hormel.
Seun Sodipo will be a part of direct-to-buyer magnificence brand Glossier in February 2022 as finance chief. Most a short while ago, Sodipo led item finance and strategy at Stripe just after performing in non-public fairness and mergers and acquisitions.
Brian T. Purcell, chief money officer of Hostess Manufacturers, resigned just after paying out a lot 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 just after a 14-12 months tenure all through which he performed key roles in transformative transactions and the drugmaker’s response to the pandemic. Pfizer began an external lookup for D’Amelio’s successor.
December 2021
Swiss bank UBS named JPMorgan Chase veteran Sarah Youngwood as its future CFO, incorporating a girl to its executive board. Youngwood will swap Kirt Gardner when he methods down in May well 2022.
Publicly held SmileDirectClub announced the resignation of CFO Kyle Wailes to go after a CEO opportunity at a wellness treatment enterprise. The enamel-straightening enterprise has retained executive recruiting firm Korn Ferry.
Former chief small business officer of ZipRecruiter Timothy Yarborough was named the work aggregator’s finance chief. Yarborough takes about for David Travers, who was named president.
Children’s entertainment enterprise Genius Manufacturers International went outside its business to appoint Zrinka Dekic as chief money officer and head of strategy and mergers and acquisitions. She was previously an executive in the expense administration division of Goldman Sachs.
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