CFOs on the Move: Week Ending July 10

Kraft Heinz, Pepsico, Darden Restaurants, Convergex, Layne Christensen, Express, Sterling Construction, Zillow, Tredegar, InnerWorkings
Joan UrdangJuly 10, 2015
CFOs on the Move: Week Ending July 10

Paulo Basilio will become finance chief of The Kraft Heinz Co. once the merger between the two firms is complete. He has headed finance at Heinz since joining the company in 2013. James Kehoe, CFO of Kraft, will leave the combined firm.

Hugh Johnston

Hugh Johnston

PepsiCo has named CFO Hugh Johnston to the additional role of vice chairman. He has been at the company since 1987 and was appointed to the top finance spot in 2010.

Jeffrey Davis has been selected to serve as finance chief of Darden Restaurants, effective July 16. He takes over for Brad Richmond, who is leaving the company after 32 years. Previously, Davis was CFO of the Walmart U.S. division of Walmart Stores.

How Startup CFO Grew Food Company 50% YoY

How Startup CFO Grew Food Company 50% YoY

This case study of JonnyPops’ success highlights the unusual financial and operational strategies that enabled rapid expansion into a crowded and highly competitive frozen treat market. 

Brokerage Convergex Group has appointed Frederick Arnold to lead the finance function. A former CFO of Capmark Financial Group, he is now a director of Lehman Brothers Holdings and of Corporate Capital Trust.

Layne Christensen has named J. Michael Anderson to the top finance spot, replacing Andrew Atchison, who has been interim CFO at the water management, drilling and construction firm since August of last year. Most recently, Anderson headed finance at Southcross Energy Partners, a role he had held since 2012.

Apparel retailer Express has promoted Perry Pericleous to CFO and treasurer. He replaces Paul Dascoli, who has left the company. Pericleous, who has been at Express for 15 years, had been vice president, finance.

Sterling Construction has appointed Kevan Blair interim CFO. Blair, who had been senior vice president, corporate finance, takes over for Thomas Wright.

Chad Cohen has resigned from the top finance spot at Zillow Group, effective Aug. 7. A search is under way for his successor.

Plastic-film manufacturer Tredegar has said that CFO and treasurer Kevin O’Leary has resigned. D. Andrew Edwards, who held those posts from 2003 until 2009, will replace him, effective at the end of the month.

Jeffrey Pritchett has been named to lead the finance function at marketing-execution company InnerWorkings, effective in August. He comes to the firm from Cerberus Operating and Advisory, where he has been senior operating executive since 2013 and head of the finance/CFO practice since earlier this year. Interim CFO Ryan Spohn will return to his role as controller after InnerWorkings files its second-quarter reports.