CFO Arrivals, Promotions, and Departures 2021

CFO turnover from January to October 21 in the S&P 500 was 16%, about even with the two prior many years, in accordance to Russell Reynolds. In excellent information for finance staffers trying to shift up the ladder, the promotion of interior finance executives to the CFO seat happened in sixty eight% of the appointments. When CFOs have been employed from outside the house an corporation, extra than 3-fourths of the time (84%) the nominees experienced earlier CFO practical experience. At last, women of all ages comprised 33% of new CFO appointments in the ten months, nearly double previous year’s fee.

Our CFOs on the Transfer column tracks the transitions in CFO positions weekly. Down below is a sample of the CFO movement between general public and personal businesses this calendar year.

January 2021

Starbucks named Rachel Ruggeri chief economical officer, replacing Pat Grismer, who retired. Ruggeri joined Starbucks seventeen many years in the past and held various finance roles in advance of leaving for two many years as CFO at Continental Mills.

On line grocery platform Instacart appointed Nick Giovanni as finance main. Giovanni worked for extra than twenty many years at Goldman Sachs.

MGM Resorts hired Jonathan Halkyard as CFO. Halkyard was previously president and main executive officer at Extended Remain The usa and ESH Hospitality.

Auto acquiring marketplace TrueCar named Jantoon Reigersman to the CFO place. Reigersman experienced been CFO of Leaf Team.

February 2021

The Children’s Area promoted Robert Helm to finance main. He was most not long ago senior vice president of finance and stock management.

Rolls-Royce declared that former Deloitte partner Panos Kakoullis would be its main economical officer. His previous place at Deloitte was running director in the firm’s global audit and assurance business.

HP appointed Marie Myers as main economical officer. She experienced been serving as acting CFO and main transformation officer.

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

March 2021

Speedy-everyday chain BurgerFi hired Michael Rabinovitch as CFO. Rabinovitch joins the firm after serving as main accounting officer at Tech Knowledge.

Yumi hired Goldman Sachs partner Sarah-Marie Martin as the child meals company’s initial CFO. She has been a running director for Goldman’s economical and strategic buyers team considering the fact that 2016.

Agribusiness big Cargill named its initial female CFO, appointing former General Electrical executive Jamie Miller to thrive David Dines. She was finance main of GE from 2017 to 2020.

Adobe chief economical officer John Murphy stepped down after 3 many years of guiding the program maker’s funds. (On October eighteen, Dan Durn was appointed Murphy’s successor.)

April 2021

Immediately after four many years as CFO at Shake Shack, Tara Comonte left to come to be CEO of TMRW Lifetime Sciences, a biotech firm focused on in vitro fertilization.

Raytheon Systems appointed former United Systems executive Neil Mitchill to thrive Anthony “Toby” O’Brien as CFO a calendar year after merging to produce an aerospace and defense behemoth.

Boeing CFO Greg Smith decided to retire after serving to tutorial the firm as a result of the twin crises of the 737 Max grounding and the coronavirus pandemic.

Could 2021

Automation Anywhere named James Budge as the cloud RPA company’s main economical officer. Budge was previously the CFO at Pluralsight.

David Bertolino joined retail program company Aptos as CFO. He was finance main at B2B product sales firm N3, and in advance of that, held economical leadership roles at Verint Methods.

JetBlue named Ursula Hurley acting main economical officer, including to her purpose as head of treasury and investor relations. She was appointed to the position forever in September 2021.

Everside Well being hired Heather Dixon as its new main economical officer. Dixon previously served as senior vice president, global controller, and main accounting officer of Walgreens Boots Alliance.

June 2021

Mesirow Monetary Holdings promoted main economical officer and main administrative officer Natalie Brown to president. Ahead of becoming a member of Mesirow, Brown put in eighteen many years in finance roles at Nuveen.

Past Meat appointed Phil Hardin as its new finance main. Hardin joins the plant-dependent meat maker from Amazon, exactly where he worked for 15 many years in finance and investor relations.

Glenn Schiffman, IAC executive vice president and CFO, left the media conglomerate. Schiffman subsequently became finance main of Fanatics.

Restaurant chain Ruby Tuesday hired Kathy Buckley as main economical officer. Buckley has extra than 35 many years of finance practical experience, together with CFO of Bruegger’s Bagels and The Rug Health practitioner and vice president of finance at RadioShack.

 July 2021

Boeing named Brian West, a former GE executive, to guide its finance section. West was previously CFO at economical markets info company Refinitiv, which he joined in 2018 from Oscar Well being Coverage.

BJ’s Dining places 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 tactic and FP&A, was promoted to CFO to replace Levin.

Exxon Mobil employed former United Airways CFO Kathryn Mikells to guide its finance staff. She joins from spirit distributor Diageo, exactly where she was CFO for 5-additionally many years.

Jayant Mittal joined on-line pizza buying platform Slice as finance main. Mittal put in four many years as director of around the world corporate progress at Amazon.

 August 2021

The Senate confirmed Margaret Vo Schaus as main economical officer of NASA. She was the director for business functions in the Workplace of the Underneath Secretary of Protection.

Unattainable 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 Square.

Sharon McCollam joined Albertsons Corporations as the grocery shop chain’s new president and CFO. McCollam retired from the CFO place at Finest Purchase in 2016.

Petco Well being and Wellness Organization promoted Brian LaRose to finance main. Because September 2020, LaRose has served as Petco’s senior vice president of finance. Ahead of becoming a member of Petco, he was divisional CFO for HP’s 3D business device.

September 2021

Tradeweb appointed Sara Furber as main economical officer, effective September seven. Furber joins the digital trading company from fairness exchange operator IEX Team.

Alastair Borthwick, president of global industrial banking at Financial institution of The usa, was promoted to CFO. Borthwick joined the financial institution in 2005 as head of global investment decision-quality credit card debt funds markets.

Goldman Sachs declared that Denis Coleman would just take around as finance main on January 1, 2022. Coleman joined the financial institution in 1996 as an analyst in the financial institution loan team.

Technological innovation company Bubblr appointed Neeta Shah as main economical officer. Shah has twenty many years of global practical experience in finance and previously worked at BlackRock and Citigroup. She is the founder of Startup CFO Solutions.

October 2021

Audio and speech recognition company SoundHound appointed Nitesh Sharan as CFO. Ahead of becoming a member of SoundHound, Sharan was CFO, global functions and technological innovation at Nike.

Adam Kroll took around as main economical officer of electric powered car or truck company Lordstown Motors. Kroll has served as the main administrative officer of hydrogen-run industrial car or truck supplier Hyzon Motors and was previously interim main economical officer for steel distributor UPG Enterprises.

Melissa Thomas was named the new CFO of Cinemark. Thomas joined the movie theater chain from Groupon, exactly where she began as vice president of industrial finance in 2017.

Brandy Richardson was appointed CFO of Personalized Makes, the proprietor of retail retailers Men’s Wearhouse, Jos. A. Financial institution, and K&G Manner Superstore. Richardson was executive vice president and CFO at Neiman Marcus Team.

November 2021

Hormel Food items named Jacinth Smiley, a former GE executive with know-how in strategic scheduling, as its new CFO. She will thrive Jim Sheehan, retiring after 43 many years at Hormel.

Seun Sodipo will join direct-to-purchaser natural beauty brand Glossier in February 2022 as finance main. Most not long ago, Sodipo led merchandise finance and tactic at Stripe after operating in personal fairness and mergers and acquisitions.

Brian T. Purcell, main economical officer of Hostess Makes, resigned after shelling out a lot less than two many years at the bakery firm. The Hostess board of administrators named Michael Gernigin, senior vice president and corporate controller, as interim CFO.

Frank D’Amelio retired as CFO of Pfizer after a fourteen-calendar year tenure all through which he played vital roles in transformative transactions and the drugmaker’s response to the pandemic. Pfizer commenced an exterior lookup for D’Amelio’s successor.

December 2021

Swiss bank UBS named JPMorgan Chase veteran Sarah Youngwood as its next CFO, including a lady to its executive board. Youngwood will replace Kirt Gardner when he measures down in Could 2022.

Publicly held SmileDirectClub announced the resignation of CFO Kyle Wailes to pursue a CEO option at a health and fitness treatment firm.  The teeth-straightening firm has retained executive recruiting firm Korn Ferry.

Previous main business officer of ZipRecruiter Timothy Yarborough was named the position aggregator’s finance main. Yarborough will take around for David Travers, who was named president.

Children’s entertainment firm Genius Makes International went outside the house its corporation to appoint Zrinka Dekic as main economical officer and head of tactic and mergers and acquisitions. She was formerly an executive in the investment decision management division of Goldman Sachs.

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