FD moves: September round-up

As September comes to an end, Financial Director reviews the FD moves that took place during the month.

DAX

Bayer AG announced the appointment of Wolfgang Nickl as their new chief finance officer. Nickl will join the board on April 26 next year and take on the role of CFO at the beginning of June, 2018. Joining form Dutch company, ASML NV, a lithography systems supper for the semiconductor industry, Nickl will replace Johannes Dietsch, who announced he is leaving Bayer in My 2018.

FTSE 100

Rio Tinto Plc is on the search for a new chief finance officer after the mining company’s current CFO, Christopher Lynch, announced he will retire by the end of September 2018, five years after being appointed to the role.

NASDAQ

Expedia Inc. announced the appointment of Alan Pickerill as chief financial officer, after the former CFO, Mark Okerstrom, moved into the CEO role when Dara Khosrowshahi left to take on the role of Uber CEO.

Veon, the global privider of telecoms services, announced that Andrew Davies has decided to leave after four years as chief finance officer, and will be succeeded by Trond Westlie, who has an impressive CV, previously holding the post of FO for Danish shipping organisation, A.P. Moeller-Maersk a/S and for Norwegian telecommunications group, Telenor ASA. Westlie will take up the role on November 9, 2017.

Homestreet Inc. has made Mark Ruh, who joined the company in January this year, its new chief finance officer and executive vice president. He steps into the role permanently after filling in as interim CFO when Melba Bartels resigned earlier in April 2017.

Kraft Heinz Co. revealed the surprising news that 29-year-old David Knopf will take the top finance job at the organisation, moving from his role as vice president and  head of the Planters nuts category, to become executive VP and CFO. The appointment comes as part of a raft of new appointments, as current CFO and executive VP, Paulo Basilio, 42, has been promoted to zone president of the United states business.

NYSE

Abercrombie & Fitch announced that Scott Lipesky will take over as chief financial officer and senior vice president in October, relieving former CFO Joanne Crevoiserat, who became chief operating officer in February, of the role. He will earn $550,000 a year and be entitled to a bonus worth 70% of his salary, according to The Wall Street Journal.

Allergan CFO, Tessa Hilado, announced she is to retire, and will leave the pharmaceutical company once her successor has been named.

Eli Lilly and Company, the American pharmaceutical giant, has promoted Joshua Smiley to the position of chief financial officer, after holding posts as senior vice president of finance and treasurer during his twenty years with the company. He will take on the new role in January, replacing the retiring Derica Rice.

PRIVATELY HELD

Conde Nast International announced the appointment of Jason Miles to the newly-created position of chief financial officer, leaving his post as director of finance and strategy. The appointment is part of a larger strategic expansion, with further new roles expected to be announced.

Paperchase, the stationery, cards and gifts retailer, announced the appointment of fromer retail finance director, Kevin Heath  as CFO, after David Bateman stepped down 17 years in the role. Heath joined Paperchase in 2005, as head of finance, before becoming deputy finance director and then retail finance director.

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