People

CFOs on the Move: Week Ending Oct. 7

Discovery, Zynga, Audi, The Weinstein Co., Citizens Financial Group, Advance Auto Parts, Sally Beauty Holdings, Drew Industries, Snyder’s Lance,
Joan UrdangOctober 7, 2016
CFOs on the Move: Week Ending Oct. 7

Gunnar Wiedenfels will take over as finance chief of Discovery Communications, expected to occur in April. Wiedenfels, who replaces the departing Andrew Warren, was named CFO of German firm ProSiebenSat.1 Media SE last year.

Zynga-Griffin

Gerard Griffin

Zynga has chosen Gerard Griffin to lead the finance function. Most recently, he was senior vice president of finance at Electronic Arts; prior to that, he headed finance at EA International.

Matt Carpenter has been promoted to the top finance spot at Audi of America, the first American to hold the job. Carpenter, who is also CFO at Audi Canada, previously was general manager, vehicle sales, at Audi America. He takes over for Christian Schroth, who is returning to AUDI AG in Germany.

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. 

The Weinstein Co. has promoted David Hutkin to finance chief, succeeding the departing Andy Kim. Hutkin had been executive vice president, strategic initiatives, investments, and banking, since 2010.

Subject to regulatory approval, John Fawcett will become interim CFO of Citizens Financial Group following the departure of CFO Eric Aboaf to State Street Corp. in December. Fawcett formerly served as CFO of Citizens Financial until his retirement in April of last year.

Advance Auto Parts has selected Thomas Okray to lead the finance function, effective Oct. 31. He takes over for Mike Norona, who will stay on as an adviser to the company until the end of the year. Okray joins the company from Amazon, where he was vice president, finance, global customer fulfillment.

Mark Flaherty has resigned from the top finance spot at Sally Beauty Holdings. Chief accounting officer and controller Janna Minton will become interim principal financial officer while the company searches for Flaherty’s replacement.

Drew Industries, which supplies components for recreational vehicles, has said that finance chief David Smith will leave the firm at the end of the year. Corporate controller Brian Hall will become interim CFO immediately.

Snack-food manufacturer Snyder’s Lance has named Alexander Pease to lead the finance function, effective Nov. 1, succeeding the retiring Rick Puckett. Most recently, Pease worked in the global corporate finance and business functions practice at McKinsey & Co.

Medical-device outsource manufacturer Integer Holdings has announced that CFO Michael Dinkins has resigned; however, he will remain in his post for up to six months with the firm looks for his replacement. Dinkins has headed finance since 2012.