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CFOs On the Move: Week Ending October 28

HSBC, The Children’s Place, Keurig Dr Pepper, Freestar, Vista Outdoor, Black Hills, Desktop Metal, Pluralsight, Twitter
Lauren MuskettOctober 28, 2022
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  Georges Elhedery

Georges Elhedery | HSBC

Georges Elhedery was promoted to finance chief of HSBC. Elhedery joined HSBC in 2005 as a senior global markets executive and was most recently co-head of global banking and markets. Elhedery replaces Ewen Stevenson, who will step down at the end of December after almost four years as CFO and leave the company in April 2023. Stevenson’s surprise departure comes as the bank reaches the end of a three-year restructuring. 

Sheamus Toal | The Children’s Place

The Children’s Place hired Sheamus Toal as the retailer’s new CFO. Toal was most recently chief financial officer of e-commerce retailer Saatva. He spent over 16 years with women’s retailer New York & Company, where he held positions including chief operating officer, chief financial officer, chief accounting officer, and treasurer, culminating in his role as chief executive officer from 2020 to 2021. 

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. 

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  Sudhanshu Priyadarshi

Sudhanshu Priyadarshi | Keurig Dr Pepper

Keurig Dr Pepper appointed Sudhanshu Priyadarshi as the beverage company’s new CFO. Priyadarshi has been CFO of sporting and outdoor goods company Vista Outdoor since May 2020. Earlier roles include CFO of freight forwarding company Flexport and vice president of finance for Walmart’s e-commerce business. He began his career at PepsiCo, spending 14 years in a variety of finance, planning, and strategy-related positions, concluding as CFO for PepsiCo’s global R&D and global nutritional platforms.

Matthew Wells | Freestar

Freestar, a monetization partner for content publishers, e-commerce sites, and app developers, hired Matthew Wells as its first chief financial officer. Wells was most recently CFO of entertainment company Jukin Media. He was previously director of corporate development/finance at Vopak and was M&A manager in PricewaterhouseCoopers’ deals advisory practice. 

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  Andrew Keegan

Andrew Keegan | Vista Outdoor

Andrew Keegan was named interim CFO of Vista Outdoor while the board of directors looks for outgoing CFO Sudhanshu Priyadarshi’s permanent replacement. Keegan has worked at the outdoor goods company since 2015 and is currently vice president of finance. Previous roles at the company include vice president of corporate accounting and external reporting as well as CFO of the company’s sporting products segment. He began his career with Deloitte. 

Kimberly Nooney | Black Hills

Richard Kinzley, CFO of energy company Black Hills, will retire next year. Kimberly Nooney was named Kinzley’s replacement, effective April 1. Nooney is a 26-year veteran of the company and is currently its vice president corporate controller and treasurer. Before her current role, Nooney was vice president and treasurer.

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  Jason Cole

Jason Cole | Desktop Metal

Desktop Metal, a technology company that designs and markets 3D printing systems, hired Jason Cole as its new CFO. Cole joins the company after working at semiconductor company Analog Devices for 18 years, most recently as division CFO of global operations and technology, a position he has held since January 2018. He takes over for James Haley, who is leaving the company. In July, the company said Haley would be transitioning from CFO to pursue other interests. 

Michael Agresta | Pluralsight

Pluralsight’s interim CFO, Michael Agresta, will take on the role permanently. Agresta joined the technology workforce development company as senior vice president of finance in January 2022 and took over as interim CFO in June. He was previously head of finance for data analytics company Skupos and, before that, director of FP&A at marketing automation software company Marketo. Earlier, he worked at Deloitte in M&A transaction services. 

Ned Segal | Twitter 

Twitter CFO Ned Segal was let go in the aftermath of Elon Musk’s acquisition of the social media platform. Segal, who had held the CFO role at the company since 2017, was escorted out of Twitter headquarters by security, along with its CEO, chief legal officer, and chief customer officer. As a part of their dismissal, the executives received a combined $88 million in direct compensation with Segal receiving $25.4 million.