CFO Arrivals, Promotions, and Departures 2021
CFO turnover from January to October 21 in the S&P 500 was sixteen%, about even with the two prior several years, in accordance to Russell Reynolds. In great news for finance staffers attempting to shift up the ladder, the advertising of inside finance executives to the CFO seat happened in sixty eight% of the appointments. When CFOs were hired from outdoors an business, more than 3-fourths of the time (eighty four%) the nominees experienced past CFO working experience. Ultimately, women comprised 33% of new CFO appointments in the ten months, virtually double very last year’s charge.
Our CFOs on the Transfer column tracks the transitions in CFO work opportunities weekly. Underneath is a sample of the CFO movement among the general public and personal companies this 12 months.
January 2021
Starbucks named Rachel Ruggeri chief financial officer, replacing Pat Grismer, who retired. Ruggeri joined Starbucks seventeen several years in the past and held various finance roles ahead of leaving for two several years as CFO at Continental Mills.
On line grocery platform Instacart appointed Nick Giovanni as finance main. Giovanni worked for more than twenty several years at Goldman Sachs.
MGM Resorts hired Jonathan Halkyard as CFO. Halkyard was formerly president and main executive officer at Prolonged Continue to be The usa and ESH Hospitality.
Auto shopping for marketplace TrueCar named Jantoon Reigersman to the CFO spot. Reigersman experienced been CFO of Leaf Team.
February 2021
The Children’s Place promoted Robert Helm to finance main. He was most a short while ago senior vice president of finance and inventory management.
Rolls-Royce introduced that previous Deloitte spouse Panos Kakoullis would be its main financial officer. His very last position at Deloitte was controlling director in the firm’s world audit and assurance company.
HP appointed Marie Myers as main financial officer. She experienced been serving as acting CFO and main transformation officer.
GameStop CFO Jim Bell reportedly was compelled to resign as part of a drive by activist investor Ryan Cohen to “reshape the ailing retailer.”
March 2021
Speedy-casual chain BurgerFi hired Michael Rabinovitch as CFO. Rabinovitch joins the firm just after serving as main accounting officer at Tech Knowledge.
Yumi hired Goldman Sachs partner Sarah-Marie Martin as the little one food company’s initially CFO. She has been a controlling director for Goldman’s financial and strategic investors group considering the fact that 2016.
Agribusiness big Cargill named its initially woman CFO, appointing previous Standard Electric executive Jamie Miller to do well David Dines. She was finance main of GE from 2017 to 2020.
Adobe chief financial officer John Murphy stepped down after 3 several years of guiding the computer software maker’s finances. (On October eighteen, Dan Durn was appointed Murphy’s successor.)
April 2021
Immediately after four several years as CFO at Shake Shack, Tara Comonte left to grow to be CEO of TMRW Lifestyle Sciences, a biotech firm targeted on in vitro fertilization.
Raytheon Technologies appointed previous United Technologies executive Neil Mitchill to do well Anthony “Toby” O’Brien as CFO a 12 months just after merging to make an aerospace and protection behemoth.
Boeing CFO Greg Smith decided to retire after helping guidebook the firm by the twin crises of the 737 Max grounding and the coronavirus pandemic.
May well 2021
Automation Wherever named James Budge as the cloud RPA company’s main financial officer. Budge was formerly the CFO at Pluralsight.
David Bertolino joined retail computer software company Aptos as CFO. He was finance main at B2B gross sales agency N3, and ahead of that, held financial management roles at Verint Programs.
JetBlue named Ursula Hurley acting main financial officer, including to her role as head of treasury and investor relations. She was appointed to the position permanently in September 2021.
Everside Health and fitness hired Heather Dixon as its new main financial officer. Dixon formerly served as senior vice president, world controller, and main accounting officer of Walgreens Boots Alliance.
June 2021
Mesirow Monetary Holdings promoted main financial officer and main administrative officer Natalie Brown to president. Just before becoming a member of 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-based mostly meat maker from Amazon, exactly where he worked for 15 several years in finance and investor relations.
Glenn Schiffman, IAC executive vice president and CFO, left the media conglomerate. Schiffman subsequently grew to become finance main of Fanatics.
Restaurant chain Ruby Tuesday hired Kathy Buckley as main financial officer. Buckley has more than 35 several years of finance working experience, like 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 office. West was formerly CFO at financial markets details supplier Refinitiv, which he joined in 2018 from Oscar Health and fitness Coverage.
BJ’s Places to eat promoted CFO and president Gregory Levin to president and main executive officer. Levin experienced served as CFO considering the fact that becoming a member of BJ’s in September 2005. Thomas Houdek, vice president of strategy and FP&A, was promoted to CFO to substitute Levin.
Exxon Mobil hired previous United Airways CFO Kathryn Mikells to guide its finance team. She joins from spirit distributor Diageo, exactly where she was CFO for five-additionally several years.
Jayant Mittal joined online pizza ordering platform Slice as finance main. Mittal expended four several years as director of all over the world company advancement at Amazon.
August 2021
The Senate confirmed Margaret Vo Schaus as main financial officer of NASA. She was the director for company functions in the Place of work of the Beneath Secretary of Protection.
Not possible Foods’ interim main financial officer, David Borecky, was promoted to CFO of the plant-based mostly meat maker. Borecky was formerly the controller for Stripe and held senior management positions at Square.
Sharon McCollam joined Albertsons Providers as the grocery retail store chain’s new president and CFO. McCollam retired from the CFO position at Finest Acquire in 2016.
Petco Health and fitness and Wellness Corporation promoted Brian LaRose to finance main. Given that September 2020, LaRose has served as Petco’s senior vice president of finance. Just before becoming a member of Petco, he was divisional CFO for HP’s 3D company unit.
September 2021
Tradeweb appointed Sara Furber as main financial officer, effective September 7. Furber joins the digital trading supplier from equity trade operator IEX Team.
Alastair Borthwick, president of world commercial banking at Bank of The usa, was promoted to CFO. Borthwick joined the lender in 2005 as head of world investment decision-grade debt capital markets.
Goldman Sachs introduced that Denis Coleman would get about as finance main on January 1, 2022. Coleman joined the lender in 1996 as an analyst in the lender loan group.
Technologies company Bubblr appointed Neeta Shah as main financial officer. Shah has twenty several years of world working experience in finance and formerly worked at BlackRock and Citigroup. She is the founder of Startup CFO Options.
October 2021
Audio and speech recognition company SoundHound appointed Nitesh Sharan as CFO. Just before becoming a member of SoundHound, Sharan was CFO, world functions and technological know-how at Nike.
Adam Kroll took about as main financial 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 formerly interim main financial officer for metal distributor UPG Enterprises.
Melissa Thomas was named the new CFO of Cinemark. Thomas joined the motion picture theater chain from Groupon, exactly where she started as vice president of commercial finance in 2017.
Brandy Richardson was appointed CFO of Customized Models, the proprietor of retail outlets Men’s Wearhouse, Jos. A. Bank, and K&G Trend Superstore. Richardson was executive vice president and CFO at Neiman Marcus Team.
November 2021
Hormel Food items named Jacinth Smiley, a previous GE executive with abilities in strategic preparing, as its new CFO. She will do well Jim Sheehan, retiring just after 43 several years at Hormel.
Seun Sodipo will be a part of direct-to-purchaser beauty brand Glossier in February 2022 as finance main. Most a short while ago, Sodipo led product finance and strategy at Stripe just after doing the job in personal equity and mergers and acquisitions.
Brian T. Purcell, main financial officer of Hostess Models, resigned just after expending less than two several years at the bakery firm. The Hostess board of administrators named Michael Gernigin, senior vice president and company controller, as interim CFO.
Frank D’Amelio retired as CFO of Pfizer just after a fourteen-12 months tenure through which he played critical roles in transformative transactions and the drugmaker’s response to the pandemic. Pfizer commenced an exterior research for D’Amelio’s successor.
December 2021
Swiss bank UBS named JPMorgan Chase veteran Sarah Youngwood as its following CFO, including a girl to its executive board. Youngwood will substitute Kirt Gardner when he ways down in May well 2022.
Publicly held SmileDirectClub announced the resignation of CFO Kyle Wailes to pursue a CEO opportunity at a wellness care firm. The tooth-straightening firm has retained executive recruiting agency Korn Ferry.
Previous main company officer of ZipRecruiter Timothy Yarborough was named the position aggregator’s finance main. Yarborough requires about for David Travers, who was named president.
Children’s entertainment firm Genius Models International went outdoors its business to appoint Zrinka Dekic as main financial officer and head of strategy and mergers and acquisitions. She was previously an executive in the investment decision management division of Goldman Sachs.