Merck’s chief monetary officer, Robert Davis, will take over because the pharma firm’s CEO. Davis joined the corporate as CFO in 2014. Earlier than Merck, he labored for Baxter Worldwide, the place he was company vp and president of medical merchandise. He held a number of different positions throughout his tenure at Baxter together with president of its renal enterprise, chief monetary officer, and treasurer. Earlier than that, he labored at Eli Lilly & Firm. Davis takes over for chairman and CEO Kenneth Frazier, who has been chief govt since 2011. Frazier will retire on June 30 and can proceed to serve on Merck’s board of administrators as govt chairman for a transition interval.
Shopper-loyalty and retail-rewards app Fetch Rewards employed Nupur Sadiwala as chief monetary officer. Sadiwala was most not too long ago CFO at Reebonz, Asia’s largest luxurious e-commerce platform. Earlier than that, she was a vp within the funding banking group at Goldman Sachs. There, she was an advisor on over $7 billion of buy-side and sell-side M&A transactions throughout North America and Southeast Asia.
Stuart Burgdoerfer is retiring from his roles as CFO of L Manufacturers and interim CEO of Victoria’s Secret enterprise. Martin Waters, at the moment CEO of Victoria’s Secret Lingerie, has been promoted to CEO of Victoria’s Secret enterprise. Burgdoerfer will keep on the retailer as CFO by way of August 2021 whereas the corporate appears for his successor.
Pash Nangia has joined Royal Cup Espresso & Tea as its new chief monetary officer. Nangia was most not too long ago CFO at cheerleading firm Varsity Spirit. Earlier than that, Nangia was vp of finance and knowledge know-how at producer Ametek. Earlier in his profession, he labored at Cummins for almost 20 years in a number of finance management roles. Nangia succeeds Chip Wann, who was promoted to president and chief govt officer in February 2020 from the function of chief working officer and performing CFO.
The Youngsters’s Place promoted Robert Helm to finance chief. Helm joined the retailer in 2016 and was most not too long ago senior vp of finance and stock administration. Earlier in his profession, he held senior finance and accounting roles at Ralph Lauren, Contemporary Direct, and Rag & Bone. Helm takes over for Michael Scarpa, who will retire on the finish of March.
SMART International Holdings appointed Ken Rizvi as CFO. Rizvi joins the specialty reminiscence and storage supplier from semiconductor supplier UTAC Holdings, the place he was finance chief. Earlier than that, he was CFO at Isola Group and served as vp of finance and treasurer at Micron Know-how. Present chief monetary officer, Jack Pacheco, will proceed in his roles as chief working officer of SGH and president of SMART Modular Applied sciences.
Digital media firm RealNetworks employed Christine Chambers as CFO. Chambers can be rejoining RealNetworks, having labored in numerous finance roles on the firm for almost a decade, most not too long ago as vp of finance. She has been vp of finance at Rosetta Stone since 2018. Chambers replaces Judd Lee, who leaves the corporate in March.
Santiago Rubio was promoted to finance chief at Thought Monetary. Santiago Rubio joined the lending firm in October 2017 as a monetary planner. Santiago started his profession within the auto lending business, working at GM Monetary, the place he held numerous roles throughout the auto finance captive’s operations.
Virta Well being appointed Alok Bhushan as chief monetary officer. Bhushan joins the diabetes remedy firm from cosmetics firm Charlotte Tilbury Magnificence, the place he served as CFO. Earlier than that, Bhushan was a member of the manager group at digital information search firm Yext for almost a decade. He helped to develop Yext from an early-stage startup by way of its IPO.