CFOs On the Move: Week Ending June 25

Norwegian Air, TD Bank, Ruby Tuesday, Angi, Brillio, Futuris, Inteva Products, VAALCO Energy, Blackhawk Network, HyreCar

Geir Karlsen

Norwegian Air promoted CFO Geir Karlsen to CEO. Karlsen has been chief financial officer at the airline since April 2018. Before that, he was acting chief executive officer of Norwegian. Over the last 12 years, he has held various CFO positions at international companies such as Golden Ocean Group and Songa Offshore. Before Norwegian, he was group CFO at Navig8 Group, an independent pool and management company. Karlsen succeeds Jacob Schram. On Monday, the airline’s board voted to end Schram’s 18-month tenure. He will support the board full-time during his notice period through March 2022. The search for a new CFO will begin immediately.

Kelvin Tran, TD Bank’s executive vice president of enterprise finance, will become CFO of TD Bank Group and join the bank’s senior executive team. Tran has worked at TD for more than 20 years. He has served as CFO of TD Bank, TD Bank group chief auditor and chief accountant, CFO of TD Securities, and senior vice president of treasury and balance sheet management.

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. 

Kathy Buckley

Restaurant chain Ruby Tuesday hired Kathy Buckley as chief financial officer. Buckley has more than 35 years of finance experience with the majority of her career in retail and restaurant industries, including CFO of Bruegger’s Bagels, CFO of The Rug Doctor, and vice president of finance of RadioShack. Earlier in her career, she was director of finance, store operations of FedEx Office.

Angi appointed Jeff Pedersen as chief financial officer, effective July 19. He most recently served as operating partner at Stripes, where he played a key role in new investments and provided financial support and guidance to its portfolio companies, including serving as interim CFO for Stella & Chewy’s and Udemy. Before that, he was CFO of Handy, head of hardlines finance at Amazon, and in charge of financial strategy for several lines of business at Dell. He began his career at IBM. Glenn Schiffman most recently served as interim chief financial officer of Angi and was IAC executive vice president and chief financial officer before leaving the media conglomerate.

Vishal Chhibbar

Brillio hired Vishal Chhibbar as finance chief. Before joining Brillio, Chhibbar served as president and chief financial officer at EPIQ Global service and as the executive vice president and chief financial officer at EXL for 10 years. He also held several financial leadership roles at companies including GE Capital, American Express Bank, and Xerox.

Eric Stutzke was appointed finance chief at staffing company Futuris. Stutzke was previously CEO, CFO, and COO for over eleven years at online recruitment platform OneWire. Before that, Stutzke handled investor relations, SEC external financial reporting, and technical accounting for TMP Worldwide/Monster Worldwide, the parent company of Stutzke began his career at BDO USA, as an associate in the assurance department.

Alana Rosol

Alana Rosol, corporate controller at Inteva Products, was promoted to CFO. Rosol joined the automotive supplier in 2016. Before joining Inteva, she served as assistant corporate controller at TriMas. She has also been a plant controller for Durr Systems and an audit and business assurance practice manager with Arthur Andersen. Rosol succeeds Bill Dircks, who is retiring after six years.

VAALCO Energy named Ronald Bain as chief financial officer. Bain was previously CFO at Eland Oil & Gas and before that he led the financial integration planning for Baker Hughes on the GE Oil & Gas merger. He held several regional accounting directorship roles within Baker’s finance organization and controller positions for both Baker Hughes and BJ Services for over 19 years. Outside of the oil and gas industry, he was formerly finance director for Donside Paper.

David McLaughlin

Payments provider Blackhawk Network named David McLaughlin as its new chief financial officer. Most recently, he was chief financial officer for Hiscox USA, a division of insurance company Hiscox. McLaughlin previously worked at Fiserv for almost a decade, where he served as senior vice president, group CFO. He has also held finance leadership roles at Bank of America and Delta Airlines.

Carsharing marketplace HyreCar appointed Serge De Bock as chief financial officer, effective July 5. Most recently, De Bock was senior vice president of finance at Ford-owned mobility operator Spin. Before that, he was head of finance at Twitch, an interactive gaming and content engine that was acquired by Amazon. He was previously AVP and senior director of strategy, finance, and analytics at Liberty Mutual Insurance. Earlier in his career, he held positions at Staples, Deloitte, and PwC mostly in finance, M&A, and public accounting capacities.