CFOs this yr performed a crucial function in navigating their firms by means of a worldwide financial disaster. The rising strain intensified the highlight on finance chiefs, and lots of CFOs left their posts over the past 12 months. Some joined new firms, others pursued new alternatives. Their locations had been taken, in some instances, by executives promoted to the highest finance spot. The next had been a number of the extra notable CFO departures (and arrivals) of the previous 12 months.
Luis Visoso was named finance chief of Amazon Net Providers (AWS). Visoso, who has headed finance for Amazon’s worldwide shopper section since 2018, joined the corporate from Cisco the place he was senior vice chairman of enterprise, expertise, and monetary operations. Earlier than to that he spent 23 years at Procter & Gamble. Visoso takes over for Sean Boyle who has transitioned to the function of vice chairman at AWS.
Verily, the well being and life sciences unit of Google mother or father firm Alphabet, named Deepak Ahuja as chief monetary officer. Deepak was CFO for Tesla from 2008 to 2015, then once more from February 2017 till he retired in 2019. Previous to Tesla, he was at Ford Motor Firm as a finance government in numerous roles, together with CFO for Ford Southern Africa and CFO of AutoAlliance Worldwide.
Video platform Vimeo appointed Narayan Menon as CFO. Earlier than becoming a member of Vimeo, Menon served as chief monetary officer at cloud-based presentation platform Prezi. His earlier management roles embody company vice chairman at Intuit, senior director of finance at Microsoft, and senior director at Skype.
Thomas Ondrof joined Aramark because the food- and uniform-services big’s chief monetary officer. Ondrof beforehand served as CFO with foodservice distributor Efficiency Meals Group. Previous to that, Ondrof spent 24 years at Compass Group North America, the place he served in quite a lot of monetary and enterprise growth management roles.
Linda Zukauckas joined Nielsen Holdings as chief monetary officer on February 3. Zukauckas began working at American Specific in 2011, most lately serving as the manager vice chairman and deputy chief monetary officer. Previous to American Specific, Zukauckas held numerous senior management roles at Ally Monetary. She serves on the board of MTS Programs, the place she is on the audit and the governance and nominating committees.
Northrop Grumman named veteran finance government David Keffer as its new CFO, changing Kenneth Bedingfield. Keffer has most lately been a normal companion at funding agency Blue Delta Capital Companions after beforehand serving as CFO at CSRA and its predecessor firm SRA Worldwide.
Personal label packaged meals firm TreeHouse Meals named William Kelley Jr. as chief monetary officer. Kelley beforehand served as interim CFO. Kelley joined TreeHouse in 2016 as company controller and was promoted to senior vice chairman, company and operations finance in 2018. Previous to becoming a member of TreeHouse, he was head of worldwide audit for Kraft Heinz. Earlier than that, he was company controller and chief accounting officer at Hillshire Manufacturers.
Groupon’s interim chief monetary officer, Melissa Thomas, assumed the function completely. Thomas joined the e-commerce market in 2017 as vice chairman of business finance and has served as interim CFO since August 2019. She at the moment additionally serves as the corporate’s chief accounting officer and treasurer.
Matthew Good friend, Nike’s CFO of working segments and vice chairman of investor relations, took over as firm CFO. Good friend joined the athletic attire retail big in 2009, engaged on company technique and growth earlier than being appointed CFO of rising markets in 2011. He has served as CFO of worldwide classes, product and capabilities; CFO of worldwide manufacturers and capabilities; and CFO of the Nike model. He succeeds CFO Andy Campion, who transitioned to the function of chief working officer.
Toy producer MGA Leisure (MGAE) promoted Martin Elliott to chief monetary officer. Elliott joined MGAE in 2015 as vice chairman of monetary planning and evaluation. Elliott was the senior director of technique at Mattel and the director of finance at The Walt Disney Firm earlier than becoming a member of MGAE.
Michael Crotty was named Showtime Networks’ new chief monetary officer. Crotty may even have oversight of BET Networks’ finance staff. Crotty returns to the leisure firm after serving as CFO of media platform The Gamers’ Tribune since 2016. Crotty beforehand served as senior vice chairman of affiliate income and enterprise operations for Showtime Networks.
Constancy Investments named Maggie Serravalli as chief monetary officer. Serravalli was most lately government vice chairman on the firm’s healthcare group. Serravalli joined Constancy in 2007 from JPMorgan Chase the place she served as managing director for seven years.
Adrianne Lee was named finance chief at Overstock. Lee joined Overstock from Hertz the place she was CFO of the corporate’s $7 billion North American Rental Automotive unit. Earlier than becoming a member of Hertz, Lee led monetary planning and evaluation for Greatest Purchase’s multi-billion-dollar e-commerce enterprise. She beforehand held a number of roles in finance, strategic planning, accounting and monetary reporting, investor relations, and audit at PepsiCo, Allianz Life, and PricewaterhouseCoopers.
Delta CFO Paul Jacobson rescinded his retirement, which he introduced in February. CEO Ed Bastian requested Jacobson to rethink his determination to retire whereas the provider navigates although the devastating affect that the coronavirus pandemic has had on air journey. Jacobson joined the corporate in 1997 as a monetary analyst and was named CFO in 2012.
Anheuser-Busch InBev’s longtime CFO, Felipe Dutra, stepped down. Dutra was changed by Fernando Tennenbaum. A 15-year veteran of the corporate, Tennenbaum most lately served as vice chairman AB InBev’s South America division in addition to CFO of its Brazilian subsidiary, Ambev. Tennenbaum may even be a part of the corporate’s government committee.
USA Right this moment mother or father Gannett appointed Douglas Horne as chief monetary officer. Horne most lately served as international controller for The We Firm, which incorporates office-sharing startup WeWork. Earlier than that, he spent eight years at Warner Media, most lately as senior vice chairman and controller. Earlier than becoming a member of Warner, he served as deputy chief monetary officer and chief accounting officer at AOL. Horne succeeds Alison “Ali” Engel, who stepped down on the finish of the primary quarter.
Retailer Ted Baker named Rachel Osborne as chief government officer. Osborne joined the corporate as chief monetary officer in November 2019 earlier than being appointed appearing chief government officer in December 2019. She joined Ted Baker from Debenhams, the place she had labored as CFO. She was beforehand chief monetary officer at Domino’s Pizza, finance director of group enterprise at Vodafone, and finance and technique director at John Lewis.
Gustavo Arnal was appointed CFO at Mattress Bathtub & Past. Arnal joined the retailer from Avon, the place he was group chief monetary officer. Earlier than that, he was CFO of worldwide divisions and international capabilities at Walgreens Boots Alliance. He has beforehand served in senior positions at Procter & Gamble, together with CFO of India, Center East, and Africa, CFO international cloth and residential care, and CFO international private magnificence. Arnal succeeds Robyn D’Elia, who’s leaving the corporate.
Adam Townsend is the brand new finance chief at Vizio. Earlier than becoming a member of the consumer-electronics model, Townsend served as chief monetary officer at Showtime Networks. Earlier than that, he held a number of roles at CBS, together with government vice chairman of company finance and investor relations. He additionally performed key roles in CBS’s out of doors promoting enterprise and CBS Radio. Townsend takes over for chief working officer Ben Wong, who had been dealing with chief monetary officer duties.
Medical tools producer BVI named David Murray as chief monetary officer. Most lately, Murray served as CFO of Alcon AG till its $30 billion spin-off from Novartis Group AG in 2019. Throughout his 19 years with Novartis, he additionally served as CFO for its vaccines and diagnostics division, in addition to a number of different senior finance management roles throughout the Pharma division. Earlier than Novartis, he held senior management roles at Common Motors, Swiss Financial institution Corp, and British Petroleum.
Tyler Sloat was named chief monetary officer at Freshworks. Earlier than becoming a member of the client engagement software program firm, Sloat was CFO at subscription funds firm Zuora the place he guided the start-up by means of its IPO. Earlier than that, he held government finance roles at quite a lot of firms together with NetApp and Siebel Programs.
Biotechnology firm Moderna named David Meline as chief monetary officer. Meline joined Moderna from Amgen, the place he was CFO from 2014 by means of 2019. Earlier than Amgen, he spent six years at 3M Firm, the place he most lately served as finance chief. Beforehand, Meline held management positions at Common Motors, together with CFO for GM North America.
Todd McElhatton took over as finance chief at cloud-based platform Zuora on June 22. McElhatton was most lately chief monetary officer at SAP Cloud Enterprise Group. Earlier than that, he was the CFO for SAP North America. Earlier than becoming a member of SAP, he held a number of senior finance management roles, together with as CFO at VMware’s Hybrid Cloud Enterprise, CFO at Oracle’s Cloud Providers, and CFO at Hewlett Packard Managed Providers Enterprise.
Brian DelGhiaccio was promoted to finance chief at waste assortment firm Republic Providers. DelGhiaccio, who was most lately government vice chairman and chief transformation officer, joined Republic Providers in 1998 and has since held roles of accelerating duty throughout the finance group. He additionally leads the data expertise, cybersecurity, and knowledge administration departments. DelGhiaccio succeeds Charles Serianni, who will retire on June 1, 2021.
Former House Depot CFO Carol Tomé grew to become chief government officer at UPS. Tomé, who spent 18 years as the house enchancment firm’s CFO, is the primary outdoors CEO rent in UPS’ 112-year historical past. Tomé began her profession as a business lender with United Financial institution of Denver after which was director of banking for the Johns-Manville Company. Earlier than becoming a member of House Depot, Carol was vice chairman and treasurer of Riverwood Worldwide Company.
Anthony DiSilvestro was employed as the brand new CFO at Mattel. From 2014 to 2019, DiSilvestro served as CFO at Campbell Soup Firm. He joined Campbell’s in 1996 and has held numerous monetary management roles, together with senior vice chairman of finance, treasurer, controller, chief monetary officer of the corporate’s North America and worldwide divisions, and head of strategic planning and company growth. DiSilvestro takes over for Joseph Euteneuer, who’s leaving the corporate.
Monish Patolawala was employed as CFO at 3M. Patolawala most lately labored at GE Healthcare, the place he has served as chief monetary officer of the roughly $17 billion enterprise since 2015. Patolawala joined GE in 1994, taking management roles of accelerating duty. Patolawala succeeds Nick Gangestad, who’s retired.
Murray Auchincloss, CFO of BP’s Upstream section, grew to become chief monetary officer at oil and gasoline firm BP on July 1. Auchincloss grew to become CFO for BP’s Upstream section in 2015 after two years as Upstream deputy CFO and head of enterprise growth. Auchincloss succeeds Brian Gilvary who will retire on June 30. Gilvary has had a 34-year profession with BP, together with over eight years as CFO.
T-Cellular promoted Peter Osvaldik to chief monetary officer. Osvaldik, who was most lately senior vice chairman of finance and chief accounting officer, joined the corporate in 2016 as vice chairman of exterior reporting and technical accounting. Earlier than T-Cellular, Osvaldik held chief accounting officer, controller, and administration roles at Outerwall, Coinstar, and PricewaterhouseCoopers.
Hearst named Debi Chirichella as interim president of its journal group. Chirichella has been the journal group’s finance chief since 2011. Earlier than becoming a member of Hearst, Chirichella spent seven years at rival Condé Nast, the place she served in a number of government positions, together with chief working officer at Condé Nast Digital, COO of the Fairchild Vogue Group, and CFO at Condé Nast Publications.
Kristina Salen was appointed finance chief at World Wrestling Leisure (WWE). Salen served as the primary CFO of on-line market Etsy, the place she grew the enterprise from $895 million in product sales to $3 billion in 4 years and led and executed the corporate’s IPO. Salen beforehand held CFO and COO roles at Moda Operandi and Translation Enterprises/United Masters, and managed international media and telecom funds with Constancy Investments.
Domino’s Pizza promoted Stu Levy to chief monetary officer. Levy, who was most lately government vice chairman of provide chain companies, joined the pizza chain in 2019 after serving as government vice chairman and chief transformation officer at Republic Providers. Earlier than becoming a member of Republic Providers, Levy spent 13 years at Bain & Firm and served as a companion from 2008-2014. Levy takes over for Jeffrey Lawrence, who’s retiring from Domino’s after greater than 20 years on the firm.
Ajay Vashee stepped down as CFO at Dropbox after greater than eight years on the firm. Tim Regan, who was the corporate’s chief accounting officer, grew to become the corporate’s new CFO. Regan has labored at Dropbox for almost 4 years. He has over twenty years of expertise in finance earlier than Dropbox, from his function as vice chairman finance and controller at Pandora Media, to senior positions at Dolby Laboratories and Ernst and Younger.
Roku chief monetary officer Steve Louden determined to stick with the corporate. In December, Louden stated he was stepping down as soon as his substitute was discovered. He deliberate to return dwelling to the Seattle space along with his household after aiding within the transition. Roku stated that Louden will proceed to function its CFO whereas working remotely in Seattle, they usually have ended the seek for his successor.
Cisco finance chief Kelly Kramer introduced her retirement after 5 years within the place. Kramer joined the pc networking tools maker in 2012 as senior vice chairman of company finance and have become senior vice chairman of enterprise expertise and operations finance earlier than being named CFO in 2015. Earlier than Cisco, Kramer was CFO of GE Healthcare’s Healthcare Programs enterprise.
Jamere Jackson grew to become the brand new finance chief at AutoZone after stepping down as CFO at Hertz. Invoice Giles, the corporate’s present CFO, will retire on the finish of December 2020 after 14 years within the function. Earlier than becoming a member of Hertz, Jackson served as chief monetary officer at Nielsen Holdings.
Jeff Wallace is the brand new CFO at USAA. Wallace joins the corporate from Financial institution of America, the place he was most lately chief monetary officer of the buyer banking and international wealth and funding administration enterprise. Earlier in his profession, he held monetary management roles at Wachovia Securities, Deutsche Financial institution, and Constancy Investments. Wallace succeeds Laura Bishop, who’s retiring after greater than 19 years on the firm.
McAfee appointed Venkat Bhamidipati chief monetary officer. Bhamidipati joined the cybersecurity firm from healthcare firm Windfall, the place he was CFO. Earlier than that, he spent 13 years at Microsoft, the place he held a number of government positions, together with CFO of the worldwide enterprise group, CFO of the worldwide operations and expertise group, and managing director for enterprise growth and development technique.
Gina Goetter was named finance chief at Harley-Davidson. Most lately, she served as CFO at Tyson Meals’s ready meals section, the place she led the reinvention of the section’s enterprise mannequin to stabilize money movement and right-size the associated fee construction. Earlier than Tyson, Goetter held numerous international management positions at Common Mills, the place she led enterprise mannequin re-engineering and optimized procurement methods and logistics. She takes over for interim CFO Darrell Thomas, who will proceed as vice chairman and treasurer.
John Lawler took over as CFO at Ford. Lawler has most lately been serving as CEO of Ford Autonomous Automobiles and vice chairman of mobility partnerships. He has spent a lot of his 30 years at Ford in finance management and normal administration. Lawler served as president of Ford China for almost 4 years when the corporate achieved report in-country efficiency. He additionally served as company controller and CFO, international markets, and head of worldwide technique. Lawler took over for Tim Stone, who left the corporate to turn into CFO and chief working officer at software program firm ASAPP.
Hertz promoted Kenny Cheung to CFO to exchange R. Eric Esper, who resigned after little greater than a month within the place. Esper joined United Pure Meals as accounting officer and controller, based on a regulatory submitting. Esper was promoted to CFO from chief accounting officer when Jamere Jackson resigned from Hertz in August. Cheung was most lately government vice chairman of finance, chief operational finance, and restructuring officer.
Papa John’s appointed Ann Gugino chief monetary officer. Gugino joins the pizza chain from Goal, the place she was most lately senior vice chairman of monetary planning and evaluation. Earlier than that, she spent 18 years at medical provides firm Patterson Firms, together with 4 years as government vice chairman and chief monetary officer. Gugino takes over for Steve Coke, who has been serving as interim principal monetary and accounting officer.
Adrian Mitchell was named Macy’s new finance chief. Mitchell joined the retailer from Boston Consulting Group (BCG) the place he was a managing director and companion within the digital BCG and shopper practices. Earlier than becoming a member of BCG, Mitchell had wide-ranging retail experiences. Mitchell took over for interim CFO Felicia Williams. Williams was named interim CFO in Might after chief monetary officer Paula Value introduced she was leaving the retailer after lower than two years within the function.
Nasdaq promoted Ann Dennison to CFO. Dennison, who’s at the moment senior vice chairman, controller, and chief accounting officer, will take over as chief monetary officer on March 1, 2021. Dennison has been with Nasdaq for 5 years and has greater than 20 years of expertise in monetary reporting and evaluation. Earlier than becoming a member of Nasdaq, Dennison labored at Goldman Sachs as managing director, head of monetary reporting. She takes over for Michael Ptasznik, who will retire on February 28.
Tapestry, the mother or father firm of Coach, Kate Spade, and Stuart Weitzman, named CFO Joanne Crevoiserat as chief government officer. Crevoiserat, who grew to become CFO in August 2019, took over as interim CEO in July. She joined the corporate from Abercrombie & Fitch, the place she was employed as chief monetary officer.
Stanley Sutula is the brand new finance chief at Colgate-Palmolive. Sutula has served as government vice chairman and chief monetary officer at Pitney Bowes since February 2017 and beforehand spent 28 years at IBM. His tenure at IBM included monetary administration roles of accelerating duty, culminating in service as IBM’s vice chairman and controller. Sutula takes over for Henning Jakobsen, who will assume the function of senior vice chairman till his retirement on December 31.
Worldwide Automotive Elements (IAC) finance chief David Prystash will turn into its subsequent CEO and a member of the corporate’s board of administrators, efficient January 1, 2021. Earlier than becoming a member of IAC in November 2018, Prystash held management positions at Common Motors, together with vice chairman and CFO of worldwide product growth, buying, and provide chain. Kevin Graham, who’s vice chairman of finance, will turn into CFO.
WarnerMedia CFO Pascal Desroches has been named the brand new finance chief at AT&T, efficient April 1. Earlier than serving as CFO at WarnerMedia, Desroches was chief monetary officer at Turner and international controller at Time Warner. Desroches takes over for John Stephens, who will retire in March after 28 years with the corporate and 9 years as CFO.
Lululemon promoted Meghan Frank to chief monetary officer. Frank joined Lululemon in 2016 as senior vice chairman of monetary planning and evaluation and, since April, has served as interim co-CFO, together with Alex Grieve, vice chairman, controller for the corporate. She beforehand held senior roles at Ross Shops and J.Crew, the place she served for almost a decade.
Sysco named Aaron Alt because the foodservice distribution firm’s new CFO, efficient December 7. Alt most lately served as chief monetary officer at retailer Sally Magnificence Holdings and president of Sally Magnificence Provide. Alt’s expertise additionally contains government management roles in finance, operations, and grocery transformation at Goal. Alt replaces Joel Grade, who will assume the newly created function of government vice chairman of enterprise growth.
Cisco named R. Scott Herren finance chief. Since November 2014, Herren served as CFO and senior vice chairman at design and engineering software program firm Autodesk. At Autodesk, he helped the corporate rework its enterprise mannequin from perpetual licenses to SaaS and recurring subscriptions. Herren succeeds Kelly Kramer, who’s retiring after 9 years on the firm.
Amy Weaver was named president and CFO at Salesforce. Weaver, a present president and chief authorized officer on the firm, will take over for finance chief Mark Hawkin on February 1. Hawkin, who’s retiring on January 31, will transition to an advisory function as CFO emeritus by means of October 2021. Earlier than becoming a member of Salesforce, Weaver was government vice chairman and normal counsel at Univar.
Capital One promoted Andrew Younger to finance chief, efficient March 1. Younger has served as senior vice chairman and enterprise line CFO on the firm since April 2018. He has additionally served because the chief monetary officer of Capital One, N.A., the biggest of the corporate’s two nationwide financial institution subsidiaries, since July 2018. He takes over for R. Scott Blackley, who’s leaving the corporate to turn into CFO at insurance coverage startup Oscar Well being Insurance coverage.
Procter & Gamble promoted Andre Schulten to finance chief, efficient March 1. Schulten, who joined the corporate in 1996, is at the moment senior vice chairman of child care in North America. Earlier in his profession, Schulten held different roles, together with senior vice chairman of finance and accounting in West Europe and for P&G’s international household care, child care, and female care companies. He succeeds long-time CFO Jon Moeller, who will retain his function as vice chairman and chief working officer.
Coty promoted Laurent Mercier to chief monetary officer, efficient February 15. Mercier, who’s at the moment the sweetness firm’s deputy CFO, joined Coty as CFO of its luxurious division in 2017. He beforehand spent 20 years at international meals and beverage big Danone, the place he held a number of management roles. He succeeds Pierre-André Terisse, with whom he has labored intently at each Coty and through their earlier roles at Danone.