May 18, 2024


Make Every Business

2020 CFO Departures and Arrivals

CFOs this calendar year performed a vital job in navigating their providers through a world financial crisis. The rising stress intensified the highlight on finance chiefs, and many CFOs remaining their posts over the final twelve months. Some joined new providers, some others pursued new options. Their destinations have been taken, in some scenarios, by executives promoted to the prime finance spot. The next have been some of the extra notable CFO departures (and arrivals) of the earlier twelve months.

January 2020

Luis Visoso was named finance chief of Amazon World wide web Services (AWS). Visoso, who has headed finance for Amazon’s around the world customer segment because 2018, joined the corporation from Cisco exactly where he was senior vice president of enterprise, technologies, and economic operations. Prior to to that he used 23 a long time at Procter & Gamble. Visoso takes over for Sean Boyle who has transitioned to the job of vice president at AWS.

Deepak Ahuja

Verily, the wellbeing and everyday living sciences device of Google guardian corporation Alphabet, named Deepak Ahuja as chief economic officer. Deepak was CFO for Tesla from 2008 to 2015, then once again from February 2017 until finally he retired in 2019. Prior to Tesla, he was at Ford Motor Firm as a finance government in numerous roles, which includes CFO for Ford Southern Africa and CFO of AutoAlliance Worldwide.

Movie system Vimeo appointed Narayan Menon as CFO. Prior to becoming a member of Vimeo, Menon served as chief economic officer at cloud-based mostly presentation system Prezi. His former leadership roles contain corporate vice president at Intuit, senior director of finance at Microsoft, and senior director at Skype.

Thomas Ondrof joined Aramark as the meals- and uniform-services giant’s chief economic officer. Ondrof previously served as CFO with foodservice distributor Effectiveness Meals Group. Prior to that, Ondrof used 24 a long time at Compass Group North America, exactly where he served in a variety of economic and enterprise advancement leadership roles.

February 2020

Linda Zukauckas joined Nielsen Holdings as chief economic officer on February 3. Zukauckas began working at American Convey in 2011, most lately serving as the government vice president and deputy chief economic officer. Prior to American Convey, Zukauckas held numerous senior leadership roles at Ally Economical. She serves on the board of MTS Programs, exactly where she is on the audit and the governance and nominating committees.

Northrop Grumman named veteran finance government David Keffer as its new CFO, replacing Kenneth Bedingfield. Keffer has most lately been a general associate at investment agency Blue Delta Funds Companions after previously serving as CFO at CSRA and its predecessor corporation SRA Worldwide.

Personal label packaged meals corporation TreeHouse Foodstuff named William Kelley Jr. as chief economic officer. Kelley previously served as interim CFO. Kelley joined TreeHouse in 2016 as corporate controller and was promoted to senior vice president, corporate and operations finance in 2018. Prior to becoming a member of TreeHouse, he was head of world audit for Kraft Heinz. Prior to that, he was corporate controller and chief accounting officer at Hillshire Models.

Melissa Thomas

Groupon’s interim chief economic officer, Melissa Thomas, assumed the job permanently. Thomas joined the e-commerce market in 2017 as vice president of industrial finance and has served as interim CFO because August 2019. She now also serves as the company’s chief accounting officer and treasurer.

Matthew Friend, Nike’s CFO of functioning segments and vice president of investor relations, took over as corporation CFO. Friend joined the athletic clothing retail large in 2009, working on corporate method and advancement right before being appointed CFO of rising markets in 2011. He has served as CFO of world groups, product or service and functions CFO of world models and functions and CFO of the Nike brand name. He succeeds CFO Andy Campion, who transitioned to the job of chief functioning officer.

March 2020

Toy producer MGA Leisure (MGAE) promoted Martin Elliott to chief economic officer. Elliott joined MGAE in 2015 as vice president of economic arranging and analysis. Elliott was the senior director of method at Mattel and the director of finance at The Walt Disney Firm right before becoming a member of MGAE.

Michael Crotty was named Showtime Networks’ new chief economic officer. Crotty will also have oversight of Wager Networks’ finance crew. Crotty returns to the entertainment corporation after serving as CFO of media system The Players’ Tribune because 2016. Crotty previously served as senior vice president of affiliate income and enterprise operations for Showtime Networks.

Fidelity Investments named Maggie Serravalli as chief economic officer. Serravalli was most lately government vice president at the company’s healthcare group. Serravalli joined Fidelity in 2007 from JPMorgan Chase exactly where she served as taking care of director for seven a long time.

Adrianne Lee was named finance chief at Overstock. Lee joined Overstock from Hertz exactly where she was CFO of the company’s $7 billion North American Rental Car or truck device. Prior to becoming a member of Hertz, Lee led economic arranging and analysis for Finest Buy’s multi-billion-dollar e-commerce enterprise. She previously held numerous roles in finance, strategic arranging, accounting and economic reporting, investor relations, and audit at PepsiCo, Allianz Existence, and PricewaterhouseCoopers.

April 2020  

Delta CFO Paul Jacobson rescinded his retirement, which he introduced in February. CEO Ed Bastian asked Jacobson to rethink his decision to retire whilst the carrier navigates however the devastating impression that the coronavirus pandemic has had on air journey. Jacobson joined the corporation in 1997 as a economic analyst and was named CFO in 2012.

Anheuser-Busch InBev’s longtime CFO, Felipe Dutra, stepped down. Dutra was replaced by Fernando Tennenbaum. A 15-calendar year veteran of the corporation, Tennenbaum most lately served as vice president AB InBev’s South America division as properly as CFO of its Brazilian subsidiary, Ambev. Tennenbaum will also be a part of the company’s government committee.

United states of america Right now guardian Gannett appointed Douglas Horne as chief economic officer. Horne most lately served as world controller for The We Firm, which contains office-sharing startup WeWork. Prior to that, he used 8 a long time at Warner Media, most lately as senior vice president and controller. Prior to becoming a member of Warner, he served as deputy chief economic officer and chief accounting officer at AOL. Horne succeeds Alison “Ali” Engel, who stepped down at the stop of the initial quarter.

Retailer Ted Baker named Rachel Osborne as chief government officer. Osborne joined the corporation as chief economic officer in November 2019 right before being appointed performing chief government officer in December 2019. She joined Ted Baker from Debenhams, exactly where she had worked as CFO. She was previously chief economic officer at Domino’s Pizza, finance director of group business at Vodafone, and finance and method director at John Lewis.

May well 2020

Gustavo Arnal was appointed CFO at Mattress Bath & Further than. Arnal joined the retailer from Avon, exactly where he was group chief economic officer. Prior to that, he was CFO of worldwide divisions and world functions at Walgreens Boots Alliance. He has previously served in senior positions at Procter & Gamble, which includes CFO of India, Middle East, and Africa, CFO world fabric and property treatment, and CFO world own beauty. Arnal succeeds Robyn D’Elia, who is leaving the corporation.

Adam Townsend

Adam Townsend is the new finance chief at Vizio. Prior to becoming a member of the customer-electronics brand name, Townsend served as chief economic officer at Showtime Networks. Prior to that, he held numerous roles at CBS, which includes government vice president of corporate finance and investor relations. He also performed vital roles in CBS’s outdoor promoting enterprise and CBS Radio. Townsend takes over for chief functioning officer Ben Wong, who had been handling chief economic officer obligations.

Clinical equipment producer BVI named David Murray as chief economic officer. Most lately, Murray served as CFO of Alcon AG until finally its $thirty billion spin-off from Novartis Group AG in 2019. For the duration of his 19 a long time with Novartis, he also served as CFO for its vaccines and diagnostics division, as properly as numerous other senior finance leadership roles within just the Pharma division. Prior to Novartis, he held senior leadership roles at General Motors, Swiss Financial institution Corp, and British Petroleum.

Tyler Sloat was named chief economic officer at Freshworks. Prior to becoming a member of the shopper engagement software program corporation, Sloat was CFO at membership payments corporation Zuora exactly where he guided the commence-up through its IPO. Prior to that, he held government finance roles at a variety of providers which includes NetApp and Siebel Programs.

June 2020

Biotechnology corporation Moderna named David Meline as chief economic officer. Meline joined Moderna from Amgen, exactly where he was CFO from 2014 through 2019. Prior to Amgen, he used six a long time at 3M Firm, exactly where he most lately served as finance chief. Beforehand, Meline held leadership positions at General Motors, which includes CFO for GM North America.

Todd McElhatton took over as finance chief at cloud-based mostly system Zuora on June 22. McElhatton was most lately chief economic officer at SAP Cloud Company Group. Prior to that, he was the CFO for SAP North America. Prior to becoming a member of SAP, he held numerous senior finance leadership roles, which includes as CFO at VMware’s Hybrid Cloud Company, CFO at Oracle’s Cloud Services, and CFO at Hewlett Packard Managed Services Company.

Brian DelGhiaccio was promoted to finance chief at squander assortment corporation Republic Services. DelGhiaccio, who was most lately government vice president and chief transformation officer, joined Republic Services in 1998 and has because held roles of rising obligation throughout the finance corporation. He also qualified prospects the info technologies, cybersecurity, and information administration departments. DelGhiaccio succeeds Charles Serianni, who will retire on June one, 2021.

Former Home Depot CFO Carol Tomé became chief government officer at UPS. Tomé, who used 18 a long time as the property advancement company’s CFO, is the initial exterior CEO retain the services of in UPS’ 112-calendar year background. Tomé began her job as a industrial financial institution with United Financial institution of Denver and then was director of banking for the Johns-Manville Company. Prior to becoming a member of Home Depot, Carol was vice president and treasurer of Riverwood Worldwide Company.

Anthony DiSilvestro was employed as the 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 economic leadership roles, which includes senior vice president of finance, treasurer, controller, chief economic officer of the company’s North America and worldwide divisions, and head of strategic arranging and corporate advancement. DiSilvestro takes over for Joseph Euteneuer, who is leaving the corporation.

July 2020  

Monish Patolawala was employed as CFO at 3M. Patolawala most lately worked at GE Healthcare, exactly where he has served as chief economic officer of the about $seventeen billion enterprise because 2015. Patolawala joined GE in 1994, having leadership roles of rising obligation. Patolawala succeeds Nick Gangestad, who is retired.

Murray Auchincloss, CFO of BP’s Upstream segment, became chief economic officer at oil and fuel corporation BP on July one. Auchincloss became CFO for BP’s Upstream segment in 2015 after two a long time as Upstream deputy CFO and head of enterprise advancement. Auchincloss succeeds Brian Gilvary who will retire on June thirty. Gilvary has had a 34-calendar year job with BP, which includes over 8 a long time as CFO.

T-Mobile promoted Peter Osvaldik to chief economic officer. Osvaldik, who was most lately senior vice president of finance and chief accounting officer, joined the corporation in 2016 as vice president of external reporting and technical accounting. Prior to T-Mobile, Osvaldik held chief accounting officer, controller, and administration roles at Outerwall, Coinstar, and PricewaterhouseCoopers.

Debi Chirichella

Hearst named Debi Chirichella as interim president of its magazine group. Chirichella has been the magazine group’s finance chief because 2011. Prior to becoming a member of Hearst, Chirichella used seven a long time at rival Condé Nast, exactly where she served in numerous government positions, which includes chief functioning officer at Condé Nast Electronic, COO of the Fairchild Vogue Group, and CFO at Condé Nast Publications.

August 2020

Kristina Salen was appointed finance chief at Globe Wrestling Leisure (WWE). Salen served as the initial CFO of on the internet market Etsy, exactly where she grew the enterprise from $895 million in gross gross sales to $3 billion in four a long time and led and executed the company’s IPO. Salen previously held CFO and COO roles at Moda Operandi and Translation Enterprises/United Masters, and managed world media and telecom funds with Fidelity Investments.

Domino’s Pizza promoted Stu Levy to chief economic officer. Levy, who was most lately government vice president of supply chain services, joined the pizza chain in 2019 after serving as government vice president and chief transformation officer at Republic Services. Prior to becoming a member of Republic Services, Levy used 13 a long time at Bain & Firm and served as a associate from 2008-2014. Levy takes over for Jeffrey Lawrence, who is retiring from Domino’s after extra than twenty a long time at the corporation.

Ajay Vashee stepped down as CFO at Dropbox after extra than 8 a long time at the corporation. Tim Regan, who was the company’s chief accounting officer, became the company’s new CFO. Regan has worked at Dropbox for practically four a long time. He has over two many years of knowledge in finance right before Dropbox, from his job as vice president finance and controller at Pandora Media, to senior positions at Dolby Laboratories and Ernst and Younger.

Roku chief economic officer Steve Louden decided to remain with the corporation. In December, Louden said he was stepping down after his replacement was discovered. He planned to return property to the Seattle space with his household after helping in the transition. Roku said that Louden will carry on to serve as its CFO whilst working remotely in Seattle, and they have finished the look for for his successor.

Cisco finance chief Kelly Kramer introduced her retirement after five a long time in the situation. Kramer joined the laptop networking equipment maker in 2012 as senior vice president of corporate finance and became senior vice president of enterprise technologies and operations finance right before being named CFO in 2015. Prior to Cisco, Kramer was CFO of GE Healthcare’s Healthcare Programs enterprise.

September 2020

Jamere Jackson became the new finance chief at AutoZone after stepping down as CFO at Hertz. Monthly bill Giles, the company’s existing CFO, will retire at the stop of December 2020 after fourteen a long time in the job. Prior to becoming a member of Hertz, Jackson served as chief economic officer at Nielsen Holdings.

Jeff Wallace is the new CFO at USAA. Wallace joins the corporation from Financial institution of America, exactly where he was most lately chief economic officer of the customer banking and world wealth and investment administration enterprise. Earlier in his job, he held economic leadership roles at Wachovia Securities, Deutsche Financial institution, and Fidelity Investments. Wallace succeeds Laura Bishop, who is retiring after extra than 19 a long time at the corporation.

McAfee appointed Venkat Bhamidipati chief economic officer. Bhamidipati joined the cybersecurity corporation from healthcare corporation Providence, exactly where he was CFO. Prior to that, he used 13 a long time at Microsoft, exactly where he held numerous government positions, which includes CFO of the around the world business group, CFO of the around the world operations and technologies group, and taking care of director for enterprise advancement and expansion method.

Gina Goetter was named finance chief at Harley-Davidson. Most lately, she served as CFO at Tyson Foods’s organized foods segment, exactly where she led the reinvention of the segment’s enterprise product to stabilize cash stream and proper-size the expense structure. Prior to Tyson, Goetter held numerous world leadership positions at General Mills, exactly where she led enterprise product re-engineering and optimized procurement methods and logistics. She takes over for interim CFO Darrell Thomas, who will carry on as vice president and treasurer.

October 2020

John Lawler took over as CFO at Ford. Lawler has most lately been serving as CEO of Ford Autonomous Automobiles and vice president of mobility partnerships. He has used significantly of his thirty a long time at Ford in finance leadership and general administration. Lawler served as president of Ford China for practically four a long time when the corporation achieved history in-region general performance. He also served as corporate controller and CFO, world markets, and head of around the world method. Lawler took over for Tim Stone, who remaining the corporation to turn into CFO and chief functioning officer at software program corporation ASAPP.

Hertz promoted Kenny Cheung to CFO to exchange R. Eric Esper, who resigned after little extra than a month in the situation. Esper joined United Natural Foodstuff as accounting officer and controller, according to a regulatory filing. Esper was promoted to CFO from chief accounting officer when Jamere Jackson resigned from Hertz in August. Cheung was most lately government vice president of finance, chief operational finance, and restructuring officer.

Papa John’s appointed Ann Gugino chief economic officer. Gugino joins the pizza chain from Goal, exactly where she was most lately senior vice president of economic arranging and analysis. Prior to that, she used 18 a long time at professional medical provides corporation Patterson Corporations, which includes four a long time as government vice president and chief economic officer. Gugino takes over for Steve Coke, who has been serving as interim principal economic and accounting officer.

Adrian Mitchell

Adrian Mitchell was named Macy’s new finance chief. Mitchell joined the retailer from Boston Consulting Group (BCG) exactly where he was a taking care of director and associate in the electronic BCG and customer tactics. Prior to becoming a member of BCG, Mitchell had broad-ranging retail ordeals. Mitchell took over for interim CFO Felicia Williams. Williams was named interim CFO in May well after chief economic officer Paula Value introduced she was leaving the retailer after considerably less than two a long time in the job.

Nasdaq promoted Ann Dennison to CFO. Dennison, who is now senior vice president, controller, and chief accounting officer, will take over as chief economic officer on March one, 2021. Dennison has been with Nasdaq for five a long time and has extra than twenty a long time of knowledge in economic reporting and analysis. Prior to becoming a member of Nasdaq, Dennison worked at Goldman Sachs as taking care of director, head of economic reporting. She takes over for Michael Ptasznik, who will retire on February 28.

Tapestry, the guardian corporation of Coach, Kate Spade, and Stuart Weitzman, named CFO Joanne Crevoiserat as chief government officer. Crevoiserat, who became CFO in August 2019, took over as interim CEO in July. She joined the corporation from Abercrombie & Fitch, exactly where she was employed as chief economic officer.

November 2020

Stanley Sutula is the new finance chief at Colgate-Palmolive. Sutula has served as government vice president and chief economic officer at Pitney Bowes because February 2017 and previously used 28 a long time at IBM. His tenure at IBM included economic administration roles of rising obligation, culminating in service as IBM’s vice president and controller. Sutula takes over for Henning Jakobsen, who will suppose the job of senior vice president until finally his retirement on December 31.

Worldwide Automotive Components (IAC) finance chief David Prystash will turn into its subsequent CEO and a member of the company’s board of directors, efficient January one, 2021. Prior to becoming a member of IAC in November 2018, Prystash held leadership positions at General Motors, which includes vice president and CFO of world product or service advancement, paying for, and supply chain. Kevin Graham, who is vice president of finance, will turn into CFO.

WarnerMedia CFO Pascal Desroches has been named the new finance chief at AT&T, efficient April one. Prior to serving as CFO at WarnerMedia, Desroches was chief economic officer at Turner and world controller at Time Warner. Desroches takes over for John Stephens, who will retire in March after 28 a long time with the corporation and nine a long time as CFO.

Lululemon promoted Meghan Frank to chief economic officer. Frank joined Lululemon in 2016 as senior vice president of economic arranging and analysis and, because April, has served as interim co-CFO, together with Alex Grieve, vice president, controller for the corporation. She previously held senior roles at Ross Stores and J.Crew, exactly where she served for practically a ten years.

Sysco named Aaron Alt as the foodservice distribution company’s new CFO, efficient December 7. Alt most lately served as chief economic officer at retailer Sally Splendor Holdings and president of Sally Splendor Source. Alt’s knowledge also contains government leadership roles in finance, operations, and grocery transformation at Goal. Alt replaces Joel Quality, who will suppose the newly produced job of government vice president of enterprise advancement.

December 2020

Cisco named R. Scott Herren finance chief. Since November 2014, Herren served as CFO and senior vice president at style and design and engineering software program corporation Autodesk. At Autodesk, he helped the corporation rework its enterprise product from perpetual licenses to SaaS and recurring subscriptions. Herren succeeds Kelly Kramer, who is retiring after nine a long time at the corporation.

Amy Weaver was named president and CFO at Salesforce. Weaver, a existing president and chief authorized officer at the corporation, will take over for finance chief Mark Hawkin on February one. Hawkin, who is retiring on January 31, will transition to an advisory job as CFO emeritus through October 2021. Prior to becoming a member of Salesforce, Weaver was government vice president and general counsel at Univar.

Funds A person promoted Andrew Younger to finance chief, efficient March one. Younger has served as senior vice president and enterprise line CFO at the corporation because April 2018. He has also served as the chief economic officer of Funds A person, N.A., the major of the company’s two national financial institution subsidiaries, because July 2018. He takes over for R. Scott Blackley, who is leaving the corporation to turn into CFO at insurance policies startup Oscar Wellbeing Insurance policies.

Procter & Gamble promoted Andre Schulten to finance chief, efficient March one. Schulten, who joined the corporation in 1996, is now senior vice president of child treatment in North America. Earlier in his job, Schulten held other roles, which includes senior vice president of finance and accounting in West Europe and for P&G’s world household treatment, child treatment, and female treatment businesses. He succeeds extensive-time CFO Jon Moeller, who will retain his job as vice chairman and chief functioning officer.

Coty promoted Laurent Mercier to chief economic officer, efficient February 15. Mercier, who is now the beauty company’s deputy CFO, joined Coty as CFO of its luxury division in 2017. He previously used twenty a long time at world meals and beverage large Danone, exactly where he held numerous leadership roles. He succeeds Pierre-André Terisse, with whom he has worked intently at the two Coty and through their former roles at Danone.

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