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CFO Arrivals, Promotions, and Departures 2021

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CFO turnover from January to October 21 in the S&P 500 was sixteen%, about even with the two prior yrs, according to Russell Reynolds. In fantastic news for finance staffers trying to go up the ladder, the advertising of inside finance executives to the CFO seat transpired in sixty eight% of the appointments. When CFOs ended up hired from outside an group, a lot more than a few-fourths of the time (eighty four%) the nominees had prior CFO expertise. Lastly, women of all ages comprised 33% of new CFO appointments in the 10 months, virtually double past year’s charge.

Our CFOs on the Transfer column tracks the transitions in CFO work weekly. Underneath is a sample of the CFO movement among community and personal businesses this year.

January 2021

Starbucks named Rachel Ruggeri chief financial officer, replacing Pat Grismer, who retired. Ruggeri joined Starbucks 17 yrs ago and held numerous finance roles ahead of leaving for two yrs as CFO at Continental Mills.

On the net grocery platform Instacart appointed Nick Giovanni as finance chief. Giovanni worked for a lot more than 20 yrs at Goldman Sachs.

MGM Resorts hired Jonathan Halkyard as CFO. Halkyard was earlier president and chief govt officer at Extended Keep The united states and ESH Hospitality.

Car or truck obtaining marketplace TrueCar named Jantoon Reigersman to the CFO spot. Reigersman had been CFO of Leaf Team.

February 2021

The Children’s Area promoted Robert Helm to finance chief. He was most lately senior vice president of finance and inventory management.

Rolls-Royce introduced that previous Deloitte companion Panos Kakoullis would be its chief financial officer. His past situation at Deloitte was handling director in the firm’s worldwide audit and assurance business.

HP appointed Marie Myers as chief financial officer. She had been serving as acting CFO and chief transformation officer.

GameStop CFO Jim Bell reportedly was compelled to resign as aspect of a force by activist trader Ryan Cohen to “reshape the ailing retailer.”

March 2021

Rapid-informal chain BurgerFi hired Michael Rabinovitch as CFO. Rabinovitch joins the organization just after serving as chief accounting officer at Tech Knowledge.

Yumi hired Goldman Sachs partner Sarah-Marie Martin as the little one meals company’s first CFO. She has been a handling director for Goldman’s financial and strategic investors team given that 2016.

Agribusiness large Cargill named its first female CFO, appointing previous Typical Electric govt Jamie Miller to do well David Dines. She was finance chief of GE from 2017 to 2020.

Adobe chief financial officer John Murphy stepped down after a few yrs of guiding the computer software maker’s funds. (On October 18, Dan Durn was appointed Murphy’s successor.)

April 2021

Right after 4 yrs as CFO at Shake Shack, Tara Comonte remaining to grow to be CEO of TMRW Existence Sciences, a biotech organization centered on in vitro fertilization.

Raytheon Systems appointed previous United Systems govt Neil Mitchill to do well Anthony “Toby” O’Brien as CFO a year just after merging to make an aerospace and defense behemoth.

Boeing CFO Greg Smith decided to retire after supporting tutorial the organization by means of the twin crises of the 737 Max grounding and the coronavirus pandemic.

May possibly 2021

Automation Wherever named James Budge as the cloud RPA company’s chief financial officer. Budge was earlier the CFO at Pluralsight.

David Bertolino joined retail computer software company Aptos as CFO. He was finance chief at B2B revenue company N3, and ahead of that, held financial leadership roles at Verint Techniques.

JetBlue named Ursula Hurley acting chief financial officer, introducing to her job as head of treasury and trader relations. She was appointed to the work forever in September 2021.

Everside Wellbeing hired Heather Dixon as its new chief financial officer. Dixon earlier served as senior vice president, worldwide controller, and chief accounting officer of Walgreens Boots Alliance.

June 2021

Mesirow Economical Holdings promoted chief financial officer and chief administrative officer Natalie Brown to president. Just before signing up for Mesirow, Brown expended 18 yrs in finance roles at Nuveen.

Beyond Meat appointed Phil Hardin as its new finance chief. Hardin joins the plant-based meat maker from Amazon, in which he worked for 15 yrs in finance and trader relations.

Glenn Schiffman, IAC govt vice president and CFO, remaining the media conglomerate. Schiffman subsequently grew to become finance chief of Fanatics.

Restaurant chain Ruby Tuesday hired Kathy Buckley as chief financial officer. Buckley has a lot more than 35 yrs of finance expertise, including 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 previous GE govt, to guide its finance department. West was earlier CFO at financial markets information supplier Refinitiv, which he joined in 2018 from Oscar Wellbeing Insurance coverage.

BJ’s Dining establishments promoted CFO and president Gregory Levin to president and chief govt officer. Levin had served as CFO given that signing up for BJ’s in September 2005. Thomas Houdek, vice president of technique and FP&A, was promoted to CFO to swap Levin.

Exxon Mobil hired previous United Airlines CFO Kathryn Mikells to guide its finance team. She joins from spirit distributor Diageo, in which she was CFO for five-additionally yrs.

Jayant Mittal joined on-line pizza purchasing platform Slice as finance chief. Mittal expended 4 yrs as director of around the globe company development at Amazon.

 August 2021

The Senate confirmed Margaret Vo Schaus as chief financial officer of NASA. She was the director for business operations in the Workplace of the Underneath Secretary of Defense.

Not possible Foods’ interim chief financial officer, David Borecky, was promoted to CFO of the plant-based meat maker. Borecky was earlier the controller for Stripe and held senior management positions at Sq..

Sharon McCollam joined Albertsons Firms as the grocery retailer chain’s new president and CFO. McCollam retired from the CFO situation at Ideal Acquire in 2016.

Petco Wellbeing and Wellness Company promoted Brian LaRose to finance chief. 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 business unit.

September 2021

Tradeweb appointed Sara Furber as chief financial officer, productive September seven. Furber joins the electronic buying and selling supplier from fairness exchange operator IEX Team.

Alastair Borthwick, president of worldwide commercial banking at Bank of The united states, was promoted to CFO. Borthwick joined the lender in 2005 as head of worldwide investment decision-quality personal debt capital markets.

Goldman Sachs introduced that Denis Coleman would acquire in excess of as finance chief on January one, 2022. Coleman joined the lender in 1996 as an analyst in the lender financial loan team.

Know-how company Bubblr appointed Neeta Shah as chief financial officer. Shah has 20 yrs of worldwide expertise in finance and earlier worked at BlackRock and Citigroup. She is the founder of Startup CFO Remedies.

October 2021

Audio and speech recognition company SoundHound appointed Nitesh Sharan as CFO. Just before signing up for SoundHound, Sharan was CFO, worldwide operations and engineering at Nike.

Adam Kroll took in excess of as chief financial officer of electrical automobile company Lordstown Motors. Kroll has served as the chief administrative officer of hydrogen-run commercial automobile supplier Hyzon Motors and was earlier interim chief financial officer for metal distributor UPG Enterprises.

Melissa Thomas was named the new CFO of Cinemark. Thomas joined the movie theater chain from Groupon, in which she begun as vice president of commercial finance in 2017.

Brandy Richardson was appointed CFO of Customized Makes, the owner of retail merchants Men’s Wearhouse, Jos. A. Bank, and K&G Manner Superstore. Richardson was govt vice president and CFO at Neiman Marcus Team.

November 2021

Hormel Foods named Jacinth Smiley, a previous GE govt with know-how in strategic setting up, as its new CFO. She will do well Jim Sheehan, retiring just after forty three yrs at Hormel.

Seun Sodipo will sign up for immediate-to-customer magnificence brand Glossier in February 2022 as finance chief. Most lately, Sodipo led item finance and technique at Stripe just after functioning in personal fairness and mergers and acquisitions.

Brian T. Purcell, chief financial officer of Hostess Makes, resigned just after paying considerably less than two yrs at the bakery organization. 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-year tenure all through which he played critical 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 following CFO, introducing a female to its govt board. Youngwood will swap Kirt Gardner when he techniques down in May possibly 2022.

Publicly held SmileDirectClub announced the resignation of CFO Kyle Wailes to pursue a CEO option at a health care organization.  The teeth-straightening organization has retained govt recruiting company Korn Ferry.

Previous chief business officer of ZipRecruiter Timothy Yarborough was named the work aggregator’s finance chief. Yarborough requires in excess of for David Travers, who was named president.

Children’s leisure organization Genius Makes International went outside its group to appoint Zrinka Dekic as chief financial officer and head of technique and mergers and acquisitions. She was previously an govt in the investment decision management division of Goldman Sachs.

CFO turnover, CFOs on the Transfer, promotions, Russell Reynolds

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