CFOs On the Move: Week Ending March 26

Condé Nast, Foot Locker, Velocity, Merck, DNA Script, Ibotta, Cano Health, Ring Energy, PG&E, Adobe
Lauren MuskettMarch 26, 2021

Jackie Marks

Jackie Marks will take over as finance chief at Condé Nast on March 29. Marks most recently was chief financial officer at asset management firm Mercer, where she joined in 2018. Before joining Mercer, she was the CFO of enterprise technology and operations at Thomson Reuters. While there, she also served in several financial leadership positions throughout her 15-year tenure, including CFO of Reuters news and editorial. Marks spent her early career in private equity and at Siemens AG.

Foot Locker appointed Andrew Page as CFO, effective April 12. Page joins the retailer from Advance Auto Parts, where he was senior vice president, chief accounting officer, and controller. Previously, he was senior vice president and chief accounting officer at Under Armour. Earlier in his career, he held finance roles at FTI Consulting, AES Corporation, General Electric’s consumer and industrial division, and Discovery Communications after beginning his career in public accounting working at Ernst & Young and PricewaterhouseCoopers. He replaces Lauren Peters, who is retiring.

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Betty Ong

Managed services company Velocity hired Betty Ong as chief financial officer. Most recently, she was the vice president of finance and operations at data services company Unacast. Before that, she held several finance leadership roles in technology, financial services, and telecommunications companies, including Thomson Reuters, H1 Insights, Shore Group Associates, and Verizon. Ong succeeds Ron Ranallo, who is retiring.

Pharmaceutical company Merck promoted Caroline Litchfield to chief financial officer, effective April 1. Litchfield is currently the company’s treasurer. Earlier, Litchfield led finance for human health, the company’s largest business. She joined Merck in 1990 in its U.K. business and has held a wide range of positions of increasing responsibility. Litchfield succeeds Robert Davis, who will become president of Merck on April 1 and will become chief executive officer on July 1.

Philippe Lyko

DNA synthesis company DNA Script named Philippe Lyko as its new chief financial officer. Lyko joins the company from digital freight forwarding company Flexport, where he was interim CFO for the past two years. Before that, he spent three years as the vice president of finance at population genomics firm Helix. Earlier in his career, he was the senior finance director at Illumina. Lyko began his career in life sciences and healthcare at General Electric, serving 10 years in various international divisions.

Rewards platform Ibotta hired Sunit Patel as CFO. Sunit most recently served as executive vice president of merger and integration at T-Mobile, where he led T-Mobile’s planning efforts to integrate its business with Sprint following the companies’ $26.5B merger. Patel previously spent more than 14 years as executive vice president and CFO at CenturyLink and Level 3 Communications, overseeing their merger in 2017. Before that, he was CFO and co-founder of Looking Glass Networks, a facilities-based provider of metropolitan telecommunication transport services.

Brian Koppy

Cano Health hired Brian Koppy as chief financial officer, effective April 5. Before joining the senior health care services provider, Koppy was senior vice president of enterprise financial planning and analysis at CVS Health. Before that, he held a series of senior leadership roles at Aetna, including chief financial officer. Earlier, he served as vice president of investor relations at Assurant as well as director of investor relations and global communications at Barnes Group. Koppy takes over for Steve Haft, who is leaving the company.

Ring Energy promoted Travis Thomas to finance chief from his current position as vice president of finance. Thomas joined the oil and gas exploration company in October 2020 from Paradox Resources, where he was chief accounting officer. Thomas takes over for Randy Broaddrick, who is leaving the company.

Chris Foster

PG&E appointed Chris Foster finance chief. Foster has worked at the utility company since 2011 and has been serving as the company’s interim CFO since September 2020. Foster was previously vice president of treasury and investor relations, as well as director of integrated grid planning and innovation. Previously, he was chief of staff for PG&E Corporation’s Chairman, CEO, and president.

Adobe chief financial officer John Murphy is stepping down after three years of guiding the software maker’s finances. Adobe said that Murphy will retire this year “to spend more time with family and friends and focus on philanthropy” and it will be evaluating internal and external candidates to replace him. Murphy joined Adobe as chief accounting officer in March 2017 from chip manufacturer Qualcomm and was promoted to CFO in April 2018, replacing Mark Garrett. He formerly worked at pay-TV company DirecTV.

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