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CFOs On the Move: Week Ending July 29

Meta, LendingClub, Verisk, Lazard, Berkeley Lights, Avangrid, Timbers Company, Icertis

  Susan Li

Susan Li | Meta

Meta, Facebook and Instagram’s parent company, promoted Susan Li to CFO. Li is currently vice president of finance of the social media company and will take over as finance chief on November 1. Li replaces David Wehner, who will take on a new role as the company’s first chief strategy officer to oversee strategy and corporate development. Wehner joined the company in November 2012 and has been CFO for the last eight years. The leadership changes were announced in the company’s second-quarter earnings report, where it posted its first-ever revenue decline. 

  Drew LeBenne

Drew LaBenne | LendingClub

Drew LaBenne will take over as chief financial officer of LendingClub on September 1. LaBenne was previously the CFO of digital asset marketplace Bakkt. Prior, he was CFO of Amalgamated Bank, and managing director and CFO of JP Morgan Chase’s business banking division. He also spent 17 years at Capital One Financial, where he held several roles, including CFO of retail banking. LaBenne succeeds Tom Casey, who is retiring. 

Elizabeth Mann | Verisk

Data analytics firm Verisk hired Elizabeth Mann as CFO. Mann joins the company from S&P Global, where she was the chief financial officer of the ratings and mobility divisions. Before that, she was senior vice president of capital management. Mann also held roles of increasing responsibility at Goldman Sachs, including managing director of the firmwide strategy group and the technology, media, and telecom investment banking group. 

  Mary Ann Betsch

Mary Ann Betsch | Lazard 

Lazard named Mary Ann Betsch as finance chief, effective October 3. Betsch joins the financial advisory and asset management firm from Citadel, where she helped lead the finance and accounting function for the past four years. She was most recently a partner at PwC, where she held audit and advisory roles, serving global investment banks and other financial institutions. Betsch succeeds Evan Russo, who served as CFO since 2017 and became CEO of Lazard’s asset management business last month. 

  Mehul Joshi

Mehul Joshi | Berkeley Lights 

Mehul Joshi was named chief financial officer of biotherapeutics company Berkeley Lights. Joshi was most recently senior vice president of finance and head of global FP&A of medical device company ResMed. During his time at ResMed, he held several senior finance and accounting roles, including interim CFO of the software as a service business line. He previously held leadership positions of increasing responsibility at Gilead Sciences. 

Patricia Cosgel | Avangrid

Sustainable energy company Avangrid promoted interim CFO Patricia Cosgel to the role permanently. Cosgel has been with the company since 2015 after the merger with Iberdrola USA, when she joined from UIL Holdings. Before being vice president and treasurer at UIL Holdings, she spent 12 years working at Eversource, where she held various roles, including assistant treasurer and director of enterprise risk management.

  John Starr

John Starr | Timbers Company

John Starr is the new chief financial officer of Timbers Company, a developer and operator of boutique luxury resorts and private residence clubs. Starr was previously chief operating officer of CNL Financial, specifically in REIT fund management. Before that, he was CNL Private Equity’s senior vice president of asset management, chief operating officer of CNL Healthcare Properties II, and chief portfolio officer of both Global Income Trust and Global Growth Trust. Starr began his career at First Union Bank as a commercial lender.

  Rajat Bahri

Rajat Bahri | Icertis

Rajat Bahri was appointed CFO of contract management software platform Icertis. After holding senior leadership roles at Kraft Foods, Bahri transitioned to technology as CFO at Trimble Navigation and later at Jasper Technologies, where he executed Jasper’s acquisition by Cisco while on the company’s pre-IPO roadshow. He then was CFO at e-commerce company Wish, where he took the company public in  December 2020. Most recently, Bahri was CFO at identity management provider ID.me. He currently serves on the board of Pacific Gas and Electric (PG&E).