June 6, 2023

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Business The Solution

CFOs On the Move: Week Ending November 19

Barbara Larson

Enterprise software provider Workday promoted Barbara Larson to chief financial officer, effective February 1, 2022. Larson joined Workday in 2014 and most recently was senior vice president of accounting, tax, and treasury. She has also been general manager of Workday financial management, overseeing the company’s financial management applications. Former CFO Robynne Sisco is co-president of the company.

Cannabis company Canopy Growth announced on Friday morning that Mike Lee, executive vice president and chief financial officer, would be stepping down, along with Rade Kovacevic, the company’s chief product officer. Lee has been CFO since June 2019. Judy Hong, Canopy’s vice president of investor relations and competitive intelligence, was named interim CFO. Hong spent 20 years at Goldman Sachs focused on the consumer packaged goods sector.

Continental AG, a German car-parts supplier, and the company’s CFO, Wolfgang Schaefer, agreed to a “mutual termination,” effective immediately.  The change is connected with continuing investigations in Germany of Continental employees’ possible role in installing illegal emissions “defeat devices” in some of Volkswagen’s diesel engines. Schaefer had been CFO since 2010 and was also responsible for the group’s compliance, law, and intellectual property division. CEO Nikolai Setzer will assume Schaefer’s responsibilities until a successor is found.

Rodrigo Brumana

Poshmark, a social marketplace for secondhand clothes, appointed former Amazon executive Rodrigo Brumana to chief financial officer, effective December 1. Brumana will be responsible for the company’s global finance function, including financial planning and analysis, budgeting and forecasting, accounting, internal audit, tax and treasury, and investor relations. At Amazon, he was CFO of Amazon Private Brands, which supports product development, marketing, category management, discovery, pricing, technology, science, supply chain, and sourcing. Before Amazon, Brumana served as the CFO of OfferUp, a mobile marketplace for online and local transactions.

Jim Head has been appointed executive vice president and CFO of MultiPlan, a provider of data analytics and cost-management solutions to health care payors. He replaces David Redmond, who is retiring. Most recently, Head was a partner at BDT & Co., a merchant banking firm. Before that, Head was at Morgan Stanley for over two decades,  serving in executive leadership roles including co-head of the mergers, acquisitions, and restructuring group, Americas.

Melissa Bechtel was promoted to CFO of CBE Companies, a provider of contact center solutions. Bechtel, who joined CBE in 2013, was most recently the company’s vice president of corporate strategy. Before that, she was director of corporate financial planning & analysis.

Jeanette A. Press

CMC Materials announced that Scott D. Beamer has resigned as vice president and chief financial officer. Jeanette A. Press, the company’s principal accounting officer and controller, has been named interim CFO while the company searches for a permanent successor. CMC Materials is a global supplier of consumable materials, primarily to semiconductor manufacturers.

Global employment services company Omnipresent named Tucker Dearth to the role of chief financial officer. Dearth will focus on Omnipresent’s goals of growth through new product development, geographic expansion, investments, and acquisitions, as well as risk mitigation, fundraising, and investor relations. Dearth was previously CFO at Data Guard, a SaaS business focused on privacy and compliance solutions. He was also co-founder and COO of tech startup CarePod.

Earlier this week, as reported by CFOFrank D’Amelio announced his retirement as CFO of Pfizer after a 14-year tenure. Pfizer said Wednesday it had begun an external search for D’Amelio’s successor and that he had agreed to stay with the company through the process and serve in a consulting role through the transition.

Canopy Growth, CBE Companies, CMC Materials, Continental AG, MultiPlan, Omnipresent, Pfizer, Poshmark, Workday