CFOs On the Move: Week Ending July 24

Joanne Crevoiserat

Tapestry, the mum or dad firm of Coach, Kate Spade, and Stuart Weitzman, named CFO Joanne Crevoiserat as interim chief govt officer. Crevoiserat usually takes more than for chairman and CEO Jide Zeitlin, who resigned from the firm and its board of directors for particular explanations. Crevoiserat has been the chief money officer at Tapestry given that August 2019. She joined the firm from Abercrombie & Fitch, wherever she was employed as chief money officer. She held various leadership positions in the course of her tenure at the retailer, together with govt vice president, chief working officer,

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CFOs Are Relying on Banks to Keep Short-Term Cash Safe

Before the worry arising from the COVID-19 pandemic experienced absolutely set in, the Association for Fiscal Professionals executed its yearly company liquidity survey. The benefits from the poll of 375 treasury and finance executives in March confirmed that “financial pros could see the gathering storm,” mentioned AFP President Jim Kaitz.

About fifty one% of respondents uncovered that they experienced greater their limited-term investments in items supplied by banking companies compared with twelve months ago. That was the highest proportion of finance executives who experienced chosen to stash much more funds in a lender in a few decades and a reversal

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CFOs’ Lower Bonuses Cut Into Compensation Growth

Development in main economical officer’s total spend slowed for the next consecutive calendar year in 2019, in accordance to new details from Payment Advisory Partners (CAP). The consulting company said the slower development was typically thanks to decreases in reward payouts, which were in convert driven by a slowdown in companies’ economical performances

A minor much more than two-thirds of the a hundred and ten general public firms (median earnings, $13 billion) in CAP’s sample improved CFO salaries in 2019, with the median maximize of four%. That was somewhat below 2018’s median maximize of four.eight%. Including all firms, the 2019

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CFOs On the Move: Week Ending May 22

Brian DelGhiaccio

Brian DelGhiaccio was promoted to finance main at waste assortment enterprise Republic Companies, efficient June one. DelGhiaccio, who is currently govt vice president and main transformation officer, joined Republic Companies in 1998 and has considering that held roles of expanding accountability across the finance firm. He also prospects the information technological know-how, cybersecurity, and information management departments. DelGhiaccio succeeds Charles Serianni, who will retire on June one, 2021. Serianni will stay on as a specific advisor to the CEO right until his retirement.

Felicia Williams will develop into Macy’s interim main fiscal officer right until a long

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CFOs On the Move: Week Ending May 1

Gustavo Arnal

Gustavo Arnal will grow to be CFO at Mattress Tub & Over and above on May four. Arnal joins the retailer from Avon, the place he was team main economic officer. In advance of that, he was CFO of international divisions and international functions at Walgreens Boots Alliance. He has formerly served in senior positions at Procter & Gamble, such as CFO of India, Middle East, and Africa, CFO international material and house care, and CFO international own natural beauty. Arnal succeeds Robyn D’Elia, who is leaving the firm.

Health care tools manufacturer BVI named David Murray as

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