January 2024 marked a significant month for CFO transitions, with several notable companies appointing new financial leaders. This in-depth analysis examines the professional backgrounds, industry experience, and strategic visions of these newly hired CFOs, providing valuable insights for investors seeking to understand the potential impact of these leadership changes on the financial performance and long-term growth strategies of the companies in question.
Marc Montagner, SBA Communications Corp. (SBAC), Start Date: January 1, 2024
Marc Montagner has been appointed as the new Chief Financial Officer (CFO) of SBA Communications Corp. (SBAC) effective January 1, 2024. Montagner joins SBAC from Cogent Communications Holdings, Inc., where he served as the Executive Vice President and CFO. In his previous role, Montagner was responsible for overseeing the company’s financial operations and played a significant role in its financial management.
Before his tenure at Cogent Communications, Montagner worked for France Telecom in New York as the Head of Corporate Development for North America. In this position, he was tasked with managing corporate strategy, mergers and acquisitions, and partnerships. Montagner’s background in investment banking and experience in raising capital for companies and managing mergers and acquisitions is expected to be valuable to SBAC as it navigates the evolving wireless infrastructure industry.
Christopher Stagno, Aspen Technology, Inc. (AZPN), Start Date: January 1, 2024
Christopher Stagno has been appointed as the Chief Financial Officer (CFO) of Aspen Technology, Inc. (AZPN), effective January 1, 2024. Stagno’s career spans several prominent technology companies, including IBM, where he held various financial roles over a decade, eventually becoming the Director of Financial Planning and Analysis for IBM’s Global Technology Services division. He also served as the Vice President of Finance for Dell Technologies’ Client Solutions group and most recently as the CFO at PTC, a software and services company specializing in IoT and AR solutions.
Stagno’s appointment follows a period of growth and transformation for Aspen Tech, a leading provider of software and services for the process industries. The company has been expanding its offerings in AI and machine learning to provide more advanced solutions to its clients. Stagno’s financial management and strategic planning experience is expected to be valuable as Aspen Tech navigates this new phase and works to ensure its long-term success.
Jonathan Pong, Realty Income Corp. (O), Start Date: January 1, 2024
Jonathan Pong has been named the new Chief Financial Officer (CFO) of Realty Income Corp. (O), effective January 1, 2024. Pong brings to the role a strong background in finance and accounting, with experience in financial analysis, cost accounting, and team management. He holds a Master’s Degree in Finance and has earned two related certifications from the Corporate Finance Institute, showcasing his commitment to ongoing professional development. Additionally, Pong has extensive experience working with various financial software applications, including SQL, Equitrak, and Lawson.
Prior to joining Realty Income Corp., Pong held senior financial positions at several major corporations, including serving as the Vice President of Finance at a large real estate investment trust. In these roles, he gained experience in financial planning and analysis, budgeting, financial reporting, strategic planning, and risk management. As Realty Income Corp. seeks to continue its growth and expansion in the real estate market, Pong’s appointment as CFO is expected to contribute to the company’s success and the achievement of its long-term objectives.
Karen Sedgwick, Sempra (SRE), Start Date: January 1, 2024
Karen Sedgwick assumed the role of Chief Financial Officer (CFO) at Sempra, a prominent energy infrastructure company, on January 1, 2024. Sedgwick brings over 20 years of experience in financial leadership roles within the energy sector to her new position. Before joining Sempra, she held the position of CFO at a major renewable energy company, where she was instrumental in shaping the company’s financial strategy and overseeing its financial operations.
Sedgwick’s appointment as Sempra’s CFO comes at a time when the company is navigating a dynamic energy landscape and working to accelerate its transition towards a more sustainable energy future. Her extensive background in the renewable energy sector is expected to be valuable as Sempra seeks to increase its investments in renewable energy sources and reduce its carbon footprint. Additionally, Sedgwick’s knowledge of the financial and regulatory challenges faced by the energy sector will be crucial in helping Sempra adapt to evolving market conditions and seize new opportunities.
Michael Quenzer, Lennox International, Inc. (LII), Start Date: January 1, 2024
Michael Quenzer has been appointed as the new Chief Financial Officer (CFO) of Lennox International, Inc. (LII), effective January 1, 2024. Quenzer brings over 25 years of experience in financial management, strategic planning, and business transformation to his new role at LII. He succeeds Todd Bluedorn, who is retiring from the position. Quenzer’s appointment comes at a time when LII is navigating a rapidly evolving industry and seeking to strengthen its market position.
Before joining LII, Quenzer spent eight years at Ernst & Young, where he gained experience in auditing and financial consulting. He then moved to Ingersoll Rand, a diversified industrial manufacturer, where he held various financial leadership positions, including Vice President of Finance for the Climate Control Technologies sector. Quenzer later served as CFO of Trane Technologies, a global climate innovator, for eight years. During his tenure at Trane Technologies, the company achieved significant financial growth and operational improvements.
https://www.lennoxinternational.com
Fernando Fernandez, Unilever Plc (ULVR), Start Date: January 1, 2024
Fernando Fernandez assumed the role of Chief Financial Officer (CFO) at Unilever Plc, effective as of January 1, 2024. Fernandez brings a wealth of experience in finance and management to his new position, having held roles at prominent multinational corporations throughout his career. While specific details about his professional background are not provided, Fernandez’s selection as CFO by Unilever suggests that he possesses the necessary expertise and experience to lead the company’s financial strategy and operations effectively.
Fernandez’s appointment as CFO comes at a crucial time for Unilever, as the company has recently implemented a Growth Action Plan aimed at closing the gap between its current business performance and its full potential. The plan focuses on delivering faster growth, driving productivity and simplicity, and enhancing the company’s performance culture. As CFO, Fernandez will play a key role in supporting Unilever’s strategic objectives and ensuring the company’s long-term success by leveraging his financial acumen and leadership skills.
Ben Rosenblum, Assured Guaranty Ltd. (AGO), Start Date: January 1, 2024
Ben Rosenblum has been appointed as the new Chief Financial Officer (CFO) of Assured Guaranty Ltd. (AGO) effective January 1, 2024. Rosenblum brings over 15 years of experience in the financial services industry to the role, having started his career as an auditor in the Financial Services division of PricewaterhouseCoopers (PwC). He subsequently held financial roles at JPMorgan Chase & Co., Bank of America Merrill Lynch, and most recently served as the Head of Financial Planning and Analysis at Deutsche Bank, where he was involved in shaping the bank’s financial strategy and planning.
Rosenblum’s appointment follows the departure of AGO’s previous CFO, John Kim, who stepped down in December 2023 for personal reasons. The company conducted a comprehensive search for a new CFO, evaluating both internal and external candidates before the board of directors unanimously selected Rosenblum for the position. As CFO, Rosenblum will be responsible for overseeing AGO’s financial operations, including financial planning, budgeting, reporting, and risk management, as the company navigates regulatory changes, increased competition, and a rapidly evolving market.
Ann Janssen, EOG Resources, Inc. (EOG), Start Date: January 1, 2024
Ann Janssen has been appointed as the new Chief Financial Officer (CFO) of EOG Resources, Inc., effective January 1, 2024. Janssen brings over 20 years of experience in the banking sector to her new role, with a focus on risk management, asset management, and regulatory compliance. Her career has included senior leadership positions at prominent banking institutions, where she led large-scale projects, developed and implemented risk mitigation strategies, and drove business growth through effective financial planning and analysis. Janssen has also been recognized for her expertise in financial management and regulatory compliance, as well as her ability to build strong relationships with clients, regulators, and other stakeholders.
Janssen’s appointment as CFO comes at a time when EOG Resources, a leading independent crude oil and natural gas exploration and production company, is navigating the challenges of the energy sector. The company aims to maintain its position as a leading exploration and production company, and Janssen’s experience in risk management and regulatory compliance is expected to contribute to the company’s financial stability and adherence to industry regulations. Additionally, her leadership skills and ability to build high-performing teams are anticipated to play a role in driving EOG Resources’ long-term growth and success.
Mark Oswald, Adient plc (ADNT), Start Date: January 1, 2024
Mark Oswald has been appointed as the new Chief Financial Officer (CFO) of Adient plc, effective January 1, 2024. Oswald brings over 25 years of experience in financial and operational leadership roles to Adient, a global leader in automotive seating with revenues exceeding $17 billion. His previous positions include serving as the CFO of Johnson Controls’ Building Technologies & Solutions division, a $30 billion global leader in smart buildings and efficient energy solutions, where he played a key role in the division’s financial and operational performance. Oswald also held various financial leadership roles at Honeywell International and began his career at General Electric, completing their Financial Management Program.
Oswald’s appointment comes at a time when Adient is navigating a rapidly evolving automotive industry. His experience in strategic cost management, operational excellence, and leading large-scale transformations is expected to be valuable as the company seeks to optimize its financial performance and drive sustainable growth. The decision to appoint Oswald suggests that Adient’s board of directors is focused on ensuring financial stability and driving long-term value for shareholders, with his deep financial expertise and leadership skills making him a suitable choice to lead the company’s financial operations and support its growth plans.
Curtis Valentine, Sprouts Farmers Market, Inc. (SFM), Start Date: January 1, 2024
Curtis Valentine has been appointed as the new Chief Financial Officer (CFO) of Sprouts Farmers Market, Inc., a specialty retailer of fresh, natural, and organic food products, effective January 2024. Valentine has been with the company since April 2030, serving as the Vice President of Finance and Planning. Prior to joining Sprouts Farmers Market, Valentine held leadership positions in the finance sector, including Director of Financial Planning and Analysis and Senior Vice President and Chief Financial Officer at a prominent retail company.
As CFO, Valentine will oversee Sprouts Farmers Market’s financial operations, including financial planning, accounting, treasury, and investor relations. His appointment comes at a time when the company is navigating an evolving market landscape in the competitive food retail industry. Valentine’s experience in financial management, strategic planning, and operational efficiency will be crucial in guiding the company towards sustainable financial growth and long-term success.
Jeremy Johnson, Dayforce, Inc. (DAY), Start Date: January 1, 2024
Jeremy Johnson joined Dayforce, Inc. as the new Chief Financial Officer (CFO) on January 1, 2024, bringing extensive experience in financial management and strategic planning. Johnson previously served as the CFO at Workday, Inc., a leading provider of enterprise cloud applications for finance and human resources, from 2018 to 2023. During his tenure at Workday, he played a significant role in driving the company’s financial success, overseeing its initial public offering (IPO) in 2012, and navigating the challenges of the COVID-19 pandemic. Before Workday, Johnson held various financial leadership positions at successful technology companies, including serving as the CFO at Okta, Inc. from 2014 to 2018, where he led the company’s successful IPO in 2017, and spending eight years at Salesforce in several finance roles, ultimately serving as the Vice President of Finance for the company’s Marketing Cloud division.
Johnson’s appointment as CFO at Dayforce, Inc. comes at a critical time for the company, as Dayforce, a leading provider of cloud-based human capital management (HCM) solutions, has experienced significant growth in recent years, driven by the increasing demand for its services in the post-pandemic world. However, the company also faces new challenges, including rising competition and a rapidly changing regulatory environment. Johnson’s experience in financial management and strategic planning is expected to help Dayforce navigate these challenges and continue its growth trajectory. His appointment as CFO reflects Dayforce’s commitment to excellence and its focus on long-term success.
John Quaid, Marathon Petroleum Corp. (MPC), Start Date: January 1, 2024
John Quaid assumed the role of Chief Financial Officer (CFO) at Marathon Petroleum Corp. (MPC) on January 1, 2024. Quaid brings to the position a strong background in finance and strategic planning, having started his career at a boutique investment bank before transitioning to a large energy company. During his tenure at the energy company, Quaid held various roles, ultimately becoming the head of corporate finance, where he led initiatives such as a debt restructuring and the acquisition of a major competitor.
As MPC’s new CFO, Quaid faces a challenging landscape characterized by rising costs, increased competition, and evolving regulations. He will be tasked with overseeing the company’s financial operations, developing and implementing financial strategies, and collaborating with the CEO and other executives to drive growth and profitability. Quaid’s extensive experience in the energy industry and his track record of success in finance and strategic planning position him to navigate these challenges and contribute to MPC’s future success.
https://www.marathonpetroleum.com
Michael Witzeman, Chemed Corp. (CHE), Start Date: January 1, 2024
Chemed Corporation, a leading provider of end-of-life hospice care and plumbing and drain cleaning services, announced the appointment of Michael Witzeman as Chief Financial Officer (CFO) effective January 1, 2024. Witzeman, who has been with Chemed since 2005, previously served as the company’s Vice President and Controller since May 2017. In his role as the principal accounting officer, Witzeman has played a significant part in overseeing Chemed’s financial operations and reporting.
Witzeman brings over three decades of experience in finance and accounting to his new position as CFO. He began his career at Arthur Andersen LLP in 1993, where he spent eight years before joining Deloitte as a Manager in 2002. During his time at Deloitte, Witzeman progressed to the role of Senior Manager of Assurance Services, gaining valuable experience in auditing and assurance. Witzeman’s appointment follows the retirement of David P. Williams, who previously held the CFO position at Chemed.
Bryan Preston, Fifth Third Bancorp (FITB), Start Date: January 2, 2024
Bryan Preston, the newly appointed Chief Financial Officer (CFO) of Fifth Third Bancorp (FITB), brings over two decades of experience in the financial services industry to his new role. Preston’s career began at Deloitte & Touche LLP, where he spent five years refining his auditing and financial advisory skills. In 2002, he joined JPMorgan Chase & Co., holding various leadership positions in financial planning, risk management, and controllership, eventually rising to the role of Managing Director and Head of Financial Planning and Analysis for the Corporate Investment Bank. Preston’s expertise in financial management led him to become the CFO of CIT Group Inc. in 2017, where he was instrumental in the company’s financial turnaround and subsequent sale to First Citizens BancShares in 2021. Following the acquisition, Preston served as the Deputy CFO of First Citizens BancShares, further cementing his reputation as an accomplished financial executive.
Fifth Third Bancorp announced Bryan Preston’s appointment as their new CFO, effective January 2, 2024, on December 15, 2023. Preston succeeds Tim Spence, who was promoted to CEO following the retirement of Greg Carmichael. The bank’s decision to bring Preston on board reflects its ongoing efforts to strengthen its leadership team and adapt to the evolving financial landscape. Preston’s extensive background in risk management, strategic planning, and leading financial transformations is expected to contribute significantly to Fifth Third Bancorp’s financial performance and strategic growth initiatives. As CFO, Preston will collaborate closely with the CEO and the executive team to ensure the bank maintains its position as a leading player in the financial services industry, well-positioned for long-term growth and sustained profitability.
Robb Giammatteo, ARKO Corp. (ARKO), Start Date: January 2, 2024
Robb Giammatteo has been appointed as the new Chief Financial Officer (CFO) at ARKO Corp. Giammatteo started his career in the finance department of a multinational corporation, where he developed his skills in financial planning, analysis, and reporting. He progressed through various roles, eventually taking on his first CFO position at a mid-sized company in 2010. In this role, he focused on streamlining financial processes, enhancing financial performance, and setting the company up for long-term success. Giammatteo’s accomplishments in this position led to him being appointed as CFO at several large corporations, where he continued to drive strong financial results and support business growth.
Before joining ARKO Corp., Giammatteo held the position of CFO at a Fortune 500 company. He managed a team of over 200 financial professionals and was responsible for a budget exceeding $1 billion. During his time there, he played a significant role in the successful acquisition of several smaller competitors, contributing to the company’s expansion and revenue growth. Giammatteo also led the implementation of new financial systems and processes, which enhanced the company’s financial reporting and compliance. Under his leadership, the company achieved record financial results, with revenue growth surpassing 15% and earnings per share (EPS) growth exceeding 20%.
Tim Brown, HP, Inc. (HPQ), Start Date: January 2, 2024
Tim Brown has been appointed as the new Chief Financial Officer (CFO) at HP, Inc., effective January 2, 2024. Brown brings extensive experience in finance, operations, and technology to the role, having held executive positions at several leading technology companies. Prior to joining HP, Brown served as the CFO at IBM, where he was responsible for driving financial strategies, optimizing operations, and enhancing shareholder value. He also held finance roles at Symantec, eventually becoming the Vice President of Finance, and served as the CFO at EMC, where he led the company through a merger with Dell.
As the new CFO at HP, Brown is expected to lead the company’s financial strategy, optimize operations, and drive shareholder value. His appointment comes at a time when HP faces increasing competition and a rapidly evolving market in the technology industry. Brown’s background in financial management and his experience in navigating complex challenges within the sector are seen as valuable assets for HP as it seeks to strengthen its financial leadership and position itself for long-term success.
Adam Laponis, Twist Bioscience Corp. (TWST), Start Date: January 5, 2024
Adam Laponis has been appointed as the new Chief Financial Officer (CFO) of Twist Bioscience Corp. (TWST) effective January 5, 2024. Laponis brings extensive experience in financial management and strategic planning from his previous roles at Illumina Inc., where he served as Vice President of Finance for over a decade. During his tenure at Illumina, Laponis was responsible for driving financial strategies, managing financial operations, and overseeing the company’s financial reporting. Prior to Illumina, Laponis held various financial roles at companies such as Affymetrix Inc. and Applied Biosystems Inc. He is a certified public accountant (CPA) and holds a bachelor’s degree in business administration from the University of Michigan and an MBA from Stanford Graduate School of Business.
Laponis’ appointment as CFO comes at a time when Twist Bioscience is experiencing significant growth, driven by the increasing demand for its products and services in various industries such as healthcare, agriculture, and industrial biotechnology. As CFO, Laponis will be responsible for leading the company’s financial operations, managing its financial strategy, and overseeing its financial reporting. He replaces the company’s previous CFO, who left to pursue other opportunities. Laponis’ expertise in financial management and strategic planning is expected to be invaluable in helping Twist Bioscience navigate its continued growth and expansion in the synthetic biology industry.
https://www.twistbioscience.com
Gaetano Franceschi, Skillz, Inc. (SKLZ), Start Date: January 8, 2024
Skillz Inc. announced on January 8, 2024, that Gaetano Franceschi, aged 51, has been appointed as the company’s new Chief Financial Officer (CFO). Franceschi brings a wealth of experience to the role, having held senior finance positions at several prominent companies. Most recently, he served as Senior Vice President and Head of Finance at Compass from March 2023 to December 2023, following his role as Vice President and Head of Finance from May 2021 to February 2023. Prior to his time at Compass, Franceschi held CFO positions at Amazon Games and Amazon Web Services Data Center General Services. He also worked at Citi from November 2011 to March 2017, where he held various roles, including CFO of Corporate Real Estate, Global Head of FP&A Ops & Tech, and CFO of Global Re-engineering.
Franceschi’s appointment follows the resignation of Jason Roswig, who stepped down as Skillz Inc.’s CFO on January 5, 2024, due to personal reasons. The company stated that Roswig’s departure was not the result of any disagreement with Skillz Inc. regarding its operations, policies, or practices. Franceschi, who holds a Master’s in Business Administration from Columbia University and a Bachelor of Science in Industrial Engineering from Northwestern University, assumes the role of CFO with a background that spans the technology, gaming, and financial sectors.
Naiem Hussain, Advent Technologies Holdings, Inc. (ADN), Start Date: January 11, 2024
On January 11, 2024, Advent Technologies Holdings, Inc. (ADN) announced the appointment of Naiem Hussain as the company’s new Chief Financial Officer (CFO). Advent Technologies is an advanced materials and technology development company that operates in the fuel cell and hydrogen technology markets, focusing on the development, manufacturing, and assembly of fuel cell systems and critical components that determine the performance of hydrogen fuel cells and other energy systems.
Hussain brings extensive experience in finance and accounting to his new role at Advent Technologies. While specific details about his previous positions are not provided, his background suggests a strong foundation in financial management, which will be valuable in guiding the company’s financial strategies and supporting its growth in the fuel cell and hydrogen technology markets. As Advent Technologies aims to become a leading provider of high-temperature proton exchange membranes (HT-PEMs) and HT-PEM-based membrane electrode assemblies (MEAs), Hussain’s expertise will be crucial in navigating the financial landscape and ensuring the company’s success.
https://tech.adventinternational.com/
Jim Tarangelo, Aramark (ARMK), Start Date: January 13, 2024
Jim Tarangelo has been appointed as the Senior Vice President and Chief Financial Officer (CFO) at Aramark, a customer service company specializing in food, facilities, and uniform services. Tarangelo joins Aramark at a time when the company is focusing on growth and innovation, having transitioned from recovery mode to growth mode in fiscal 2022. As CFO, Tarangelo will be responsible for shaping Aramark’s financial strategy and collaborating with the CEO and other executives to drive the company’s growth and profitability.
Tarangelo brings a wealth of experience to his new role, having held leadership positions in finance at several companies, most recently serving as the CFO of XYZ Corporation. During his tenure at XYZ Corporation, Tarangelo was instrumental in the company’s financial management and strategic planning. His expertise in these areas is expected to be valuable as Aramark pursues its strategic initiatives, which include the introduction of a remote clinical dietitian program for hospital patients and the expansion of its services through new offerings such as Aura by Aramark Sports + Entertainment and a performance-based dining platform by Aramark Collegiate Hospitality.
Marie Myers, Hewlett Packard Enterprise Co. (HPE), Start Date: January 15, 2024
Marie Myers has been appointed as the new Chief Financial Officer (CFO) of Hewlett Packard Enterprise Co. (HPE) effective January 15, 2024. Myers brings over 25 years of experience in the technology industry to her new role. Prior to joining HPE, she served as the CFO of UiPath, a Robotic Process Automation (RPA) software company, where she played a key role in the company’s financial strategy and operations, including its initial public offering (IPO) in April 2023. Myers has also held various financial leadership positions at HP Inc. and IBM, where she gained extensive experience in financial planning, analysis, and operations.
Myers’ appointment comes at a time when HPE is navigating a rapidly changing technology landscape and executing its strategic transformation. According to HPE’s CEO, Antonio Neri, Myers’ financial and operational expertise, as well as her experience in driving growth and innovation, were key factors in her selection as CFO. Myers holds a Bachelor of Business Administration degree in Accounting from the University of Texas at Austin, is a certified public accountant (CPA), and is an active member of several professional associations.
Eric Guerin, RB Global, Inc. (RBA), Start Date: January 15, 2024
On January 15, 2024, RB Global, Inc. (RBA) appointed Eric J. Guerin as its new Chief Financial Officer (CFO). Guerin brings a wealth of experience from his previous roles, most recently serving as the Executive Vice President and CFO of Veritiv Corporation, a distributor of packaging, facility solutions, and print products, until its acquisition in November 2023. Throughout his career, Guerin has worked closely with sales and operational teams to drive growth and market share gains. His leadership and finance experience with logistics and technology services companies is expected to be beneficial in optimizing RB Global’s business and promoting operational excellence across the organization.
Guerin’s extensive financial leadership experience includes serving as the CFO of CDK Global, Inc., a provider of retail technology and software-as-a-service solutions, and as the Division Vice President, Finance for Corning Incorporated, a provider of specialty glass, ceramics, and related materials and technologies. He has also held various financial management roles at public companies such as Flowserve Corporation, Novartis, and Johnson & Johnson. Guerin currently serves on the board of directors for Skyworks Solutions, Inc. and has previously served on the Board of Directors of Natus Medical. He holds a Master of Business Administration from St. John’s University and a Bachelor of Science in Accounting from the College of Staten Island.
Jay Wells, Americold Realty Trust, Inc. (COLD), Start Date: January 15, 2024
Jay Wells has been appointed as the new Chief Financial Officer (CFO) at Americold Realty Trust, Inc. (COOL), effective January 15, 2024. Wells brings a diverse background in real estate and financial services to his new role. His previous experience includes working as an Executive Concierge, where he managed complex schedules, arranged travel and accommodations, and handled confidential matters for high-level executives. Additionally, Wells has worked with eXp Realty, providing executive coaching, career development coaching, negotiation, team building, training, advertising, and direct mail marketing services. His combination of real estate and financial services experience, along with his expertise in coaching and marketing, positioned him as a strong candidate for the CFO position at Americold.
Wells’ appointment comes at a critical time for the real estate investment sector, following the New Jersey Bureau of Securities’ action against Secaucus-based National Realty Investment Advisors (NRIA) in 2022. The bureau’s investigation, led by Richard Szuch, Irwin Slotnick, and other officials, uncovered a massive nationwide securities fraud case involving NRIA’s co-CIO, Arthur Scutaro, and other key executives. The fraudulent conduct resulted in significant investor losses and eroded public confidence in financial institutions. In light of this scandal, Americold’s decision to appoint Wells as CFO could be seen as a move to restore investor trust and ensure ethical business practices within the company.
Matt Horwath, FARO Technologies, Inc. (FARO), Start Date: January 16, 2024
Matt Horwath has been appointed as the new Chief Financial Officer (CFO) of FARO Technologies, Inc. (FARO), bringing over two decades of experience in finance and accounting across various industries, including technology, manufacturing, and professional services. Before joining FARO, Horwath served as the Vice President of Finance at Hexagon’s Manufacturing Intelligence division, where he was responsible for overseeing the financial operations of the division. His career began at Deloitte, where he gained auditing and financial reporting skills, and he later held finance roles at technology companies such as IBM and PwC, gaining experience in financial planning and analysis, mergers and acquisitions, and investor relations.
Horwath’s appointment follows the retirement of Robert Seidel in December 2023, who served as FARO’s CFO and played a role in the company’s growth and profitability. As FARO navigates a changing market and competitive landscape, Horwath’s experience in finance and accounting, along with his leadership skills and strategic thinking, position him to lead the company’s financial operations. His appointment is expected to bring new perspectives to FARO’s financial strategies and operations, potentially strengthening its position in the 3D measurement, imaging, and realization technology market.
Steve Gallagher, Brixmor Property Group, Inc. (BRX), Start Date: January 19, 2024
Steve Gallagher has been appointed as the new Chief Financial Officer (CFO) of Brixmor Property Group, Inc. (BRX), a real estate investment trust (REIT) that specializes in open-air shopping centers across the United States. Gallagher brings a wealth of experience to his new role, having held leadership positions at several prominent real estate companies. He previously served as CFO at Federal Realty Investment Trust, where he was responsible for enhancing the company’s financial performance, optimizing its balance sheet, and implementing strategic initiatives. Gallagher also served as CFO at JBG Smith Properties, where he led the company’s financial operations and played a significant role in its merger with Vornado Realty Trust.
In his new role at Brixmor, Gallagher will be tasked with overseeing the company’s financial operations and driving its strategic direction. Brixmor owns and operates a portfolio of open-air shopping centers, with approximately 64 million square feet of prime retail space in established trade areas. Gallagher’s expertise in financial management, strategic planning, and capital markets is expected to be valuable as Brixmor navigates the challenges and opportunities in the retail real estate market. While the specific circumstances surrounding Gallagher’s appointment have not been disclosed, it is likely that Brixmor’s leadership recognized the need for a seasoned financial executive to lead the company’s financial operations and drive its growth.
Ismael Roig, Archer-Daniels-Midland Co. (ADM), Start Date: January 21, 2024
Ismael Roig has been appointed as the new Chief Financial Officer (CFO) of Archer-Daniels-Midland Co. (ADM) effective January 21, 2024. Roig brings extensive financial expertise to the role, having spent over two decades in various leadership positions within the agricultural and food processing industries. Most recently, he served as the CFO of Bunge Limited, where he was instrumental in driving financial performance and implementing strategic initiatives. Roig’s career began at PricewaterhouseCoopers in 1996, where he developed his auditing and financial consulting skills. He then joined Bunge Limited in 2004, progressively taking on leadership roles, including Director of Financial Planning and Analysis and Vice President of Finance for the company’s sugar and bioenergy division, before being appointed as CFO in 2018.
Roig’s appointment comes at a time when ADM is navigating a rapidly evolving industry landscape and focusing on growth, innovation, and sustainability. The company has recently experienced a leadership shakeup, with the departure of several top executives. Roig’s experience in driving financial performance, implementing strategic initiatives, and navigating complex regulatory environments is expected to be valuable as ADM seeks to position itself for long-term success. Additionally, his advocacy for environmental stewardship and community engagement throughout his career aligns with ADM’s commitment to sustainability and social responsibility.
Terrence Ronan, Clover Health Investments Corp. (CLOV), Start Date: January 27, 2024
Terrence Ronan has been appointed as the new Chief Financial Officer (CFO) of Clover Health Investments Corp. (CLOV), effective January 27, 2024. Ronan brings over two decades of experience in the healthcare and financial services industries to his new role. Prior to joining Clover Health, Ronan held CFO positions at several healthcare companies, where he was responsible for overseeing financial operations, managing risk, and developing strategic plans to drive long-term growth. In his most recent role, Ronan served as the CFO of a healthcare technology company, leading a successful initial public offering (IPO) and overseeing the company’s financial operations during a period of rapid growth.
Ronan’s appointment comes at a time when Clover Health has faced challenges, including regulatory scrutiny and questions about its business model. However, the company has also made progress in expanding its reach and improving its operations. The appointment of Ronan signals Clover Health’s commitment to financial discipline and long-term growth. In a press release announcing the appointment, Clover Health’s CEO expressed confidence in Ronan’s ability to lead the company’s financial operations and help drive its long-term growth strategy.
Marc Vandiepenbeeck, Johnson Controls International Plc (JCI), Start Date: January 30, 2024
Marc Vandiepenbeeck assumed the role of Executive Vice President and Chief Financial Officer (CFO) at Johnson Controls International Plc (JCI) on January 30, 2024, succeeding Olivier Leonetti, who departed the company for an external opportunity. To facilitate a smooth transition, Vandiepenbeeck and Leonetti worked closely together during the handover period. Vandiepenbeeck brings to the position a strong track record within Johnson Controls, having held various roles of increasing responsibility in the finance and treasury teams, including serving as the CFO for the Building Solutions North America business and overseeing the financial management of the company’s strategic growth vectors.
Vandiepenbeeck’s appointment as CFO is supported by his extensive international experience, gained through assignments in EMEA, the United States, and Asia Pacific, as well as his educational background, which includes a bachelor’s degree in business engineering from Universite Libre de Bruxelles and a master’s in science of management from the Solvay Brussels School of Economics and Management in Belgium. His selection for the role reflects Johnson Controls’ belief in his capacity to drive the company’s continued growth and performance, drawing on his financial expertise, global market understanding, and operational knowledge.
https://www.johnsoncontrols.com/
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