CFOs On the Move: Week Ending May 12

Bally's, Vacasa, Nordstrom, New York Times, GE HealthCare, Baxter International, Tellurian, Condé Nast, Revolut
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Marcus Glover

Marcus Glover | Bally’s

Casino-entertainment company Bally’s appointed Marcus Glover as chief financial officer. Glover was most recently chief strategy officer of QPSI, a supply chain solutions and contract packaging company. Before that, he worked for MGM Resorts as president and chief operating officer of the Borgata Hotel, Casino & Spa and as president and chief operating officer of the Beau Rivage Resort & Casino. Current CFO Bobby Lavan is leaving the company to take over as finance chief of bowling entertainment company Bowlero. Lavan has been chief financial officer of Bally’s since May 2021.

Bruce Schuman | Vacasa

Vacation rental management platform Vacasa hired Bruce Schuman as its new finance chief. Schuman most recently was CFO of technology-driven real estate lender Kiavi. Before that, he spent more than 25 years at Intel, where he was the financial lead for various business units, including, most recently, vice president and CFO of Intel Capital. Schuman replaces Jamie Cohen, who is stepping down to pursue other opportunities. Cohen joined the company as CFO in March 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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Cathy Smith

Cathy Smith | Nordstrom

Nordstrom appointed Cathy Smith as chief financial officer, effective May 29. Smith joins the retailer from Bright Health Group, where she has been chief financial and administrative officer since 2020. Before that, she was chief financial officer for Target for five years. Smith has been CFO for Express Scripts, Walmart International, Gamestop, Centex, Kennametal, Textron, and Raytheon. 

William Bardeen | The New York Times Company

The New York Times Company’s chief strategy officer, William Bardeen, will take over as the company’s CFO on July 1. Bardeen has almost 20 years of experience at the media organization and has been chief strategy officer since 2018. Before that, he was senior vice president of strategy and development. He has also held leadership roles in corporate development, business development, and strategic planning. Bardeen succeeds Roland Caputo, who is retiring.

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James Saccaro

James Saccaro | GE HealthCare

GE HealthCare named James Saccaro as its new CFO. Saccaro joins the medical technology company from medtech company Baxter International, where he has been chief financial officer since 2015. Saccaro was finance chief at Hill-Rom before rejoining Baxter in 2014. He was Baxter’s corporate vice president and treasurer from 2011 to 2013 and joined the company in 2002 as manager of strategy for the company’s bioscience business. Saccaro succeeds Helmut Zodl, who will remain with the company to lead special projects related to the healthcare unit’s separation from parent company GE. 

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Brian Stevens

Brian Stevens | Baxter International

Baxter International appointed Brian Stevens as acting CFO while the company searches for departing finance chief James Saccaro’s replacement. Stevens joined the medtech company in 2018 as senior vice president, chief accounting officer, and controller and will continue with these responsibilities in addition to serving as acting CFO. He joined the company from Groupon, where he was treasurer and chief accounting officer. Before that, he spent most of his career with KPMG.

Simon Oxley | Tellurian

Natural gas company Tellurian appointed Simon Oxley as CFO, effective June 1. For the last 13 years, Oxley has worked at Barclays, most recently as a managing director and co-head of oil and gas investment banking for Europe, the Middle East, and Asia. He was previously an investment banker at Citigroup Global Markets. Oxley replaces Khaled Sharafeldin, who has been interim CFO since March 3 and will remain the company’s chief accounting officer.  

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Nick Hotchkin

Nick Hotchkin | Condé Nast 

Condé Nast named Nick Hotchkin as its new chief financial officer. Hotchkin has worked at WW International for the past decade. During his time there he has held the roles of chief operating officer, a member of the interim office of the CEO, as well as chief financial officer. Before that, he was the senior vice president of finance for Staples. Hotchkin spent the first part of his career in a number of financial leadership roles for Delphi and General Motors.  

Mikko Salovaara | Revolut

Revolut’s CFO Mikko Salovaara is stepping down from the British fintech for personal reasons weeks after auditor BDO reportedly flagged concerns about the company’s 2021 financial accounts. Salovaara joined the company as vice president of finance in January 2021 and took over as finance chief four months later. He previously worked at Kraft Heinz as a regional CFO.