CEO, CFO, and Director Changes (Nov 9): FLR, CVS, HAS, and More
November 9, 2020

Boardroom Alpha provides in-depth analytics and tracking of all public company executives and officers. Below is a rundown of people moves made at selected companies this past week. Get a demo today to see how you can receive real-time alerts and in-depth analytics.

CEO Changes 

  • Fluor (FLR) announced CEO Carlos Hernandez (F) will step down effective December 31st, 2020. Hernandez will be replaced by David Constable.
  • Cirrus (CRUS) announced CEO Jason Rhode (A-) will step down effective January 1st, 2021. Rhode will be replaced by John Forsyth.
  • Microchip Technology (MCHP) announced CEO Steve Sanghi (B+) will step down effective March 1st, 2021. Sanghi will be replaced by Ganesh Moorthy.
  • Mark Dankberg (B) resigned as CEO of Viasat (VSAT). He will be replaced by Richard Baldridge.
  • Meritor (MTOR) announced CEO Jeffrey Craig (A) will step down effective February 28th, 2021. Craig will be replaced by Chris Villavarayan.
  • CVS Health Corporation (CVS) announced CEO Larry Merlo (C) will step down effective February 1st, 2021. Merlo will be replaced by Karen Lynch.

CFO Changes

  • Brian Dickman (D) resigned as CFO of Seritage Growth Properties (SRG).
  • Announced earlier this fall, Capital Senior Living Corporation (CSU) CFO Carey Hendrickson (D) was officially replaced by Tiffany Dutton.
  • Announced earlier this fall, U.S. Physical Therapy (USPH) CFO Larry McAfee (B) was officially replaced by Carey Hendrickson (D)
  • Stanley Sutula (D) was replaced by Joseph Catapano as CFO of Pitney Bowes (BPI).
  • Henning Jakobson (C) was replaced by Stanley Sutula (D) as CFO of Colgate-Palmolive (CL).
  • Jennifer Harris (B) was replaced by David Mehok as CFO of Q2 Holdings (QTWO).
  • Announced earlier this fall, VSE Corporation (VSEC) CFO Thomas Loftus (A) was officially replaced by Stephen D Griffin.

Director Changes

  • Laurel Richie (C-) joined the board of Hasbro (HAS). Richie also serves as a director at Synchrony Financial and Bright Horizons Family Solutions. Read our quick analysis.
  • Kimberly Stevenson (D) joined the board of Mitek Systems (MITK). Stevenson also serves as a director at Skyworks Solutions and Boston Private Financial Holdings.
  • Angela N Archon (D) and Liane Pelletier (A) joined the board of Switch (SWCH).
  • Michael Warren (B+) replaced Scott Cutler (B-) as a director at Brookfield Property REIT (BPYU).
  • Patrick Machado (B) joined the board of Xenon Pharmaceuticals (XENE). Machado is also a director at Arcus Biosciences, Turning Point Therapeutics, Adverum Biotechnologies, and Chimerix.

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