CEO / CFO / Director Resignations & Appointments | Dec 31, 2021

by | Dec 31, 2021

For the last issue of 2021 we’re highlighting CEO and CFO moves that have either been announced in the past week or that are set to take affect as the year closes.

Moves in this Issue


CEO Moves

Alleghany Corp (Y)
Leaving: CEO – Weston M Hicks ( 17.0 yrs; 5.3% TSR)
Replaced by: Joseph Patrick Brandon

President since April 2021, was Executive Vice President from March 2012 to April 2021 and consultant to Alleghany from September 2011 to March 2012. Mr. Brandon was Chairman and Chief Executive Officer of General Re Corporation, a wholly-owned subsidiary of Berkshire Hathaway Inc., from 2001 to 2008. Mr. Brandon is a graduate of The Wharton School of the University of Pennsylvania….read full bio

Alnylam Pharmaceuticals Inc (ALNY)
Leaving: CEO – John Maraganore ( 19.0 yrs; 20.4% TSR)
Replaced by: Yvonne Greenstreet

Dr. Greenstreet, age 59, has served as the Company’s President since October 2020 and as Chief Operating Officer since September 2016. Prior to joining the Company, Dr. Greenstreet most recently served as the founder and Managing Director of Highgate LLC, from January 2014 to August 2016. Prior to that time, Dr. Greenstreet served as the Senior Vice President and Head of Medicines Develop…read full bio

Ameren Corp (AEE)
Leaving: CEO – Warner L Baxter ( 7.7 yrs; 14.0% TSR)
Replaced by: Martin J Lyons

Mr. Lyons will report to the Executive Chairman. Mr. Lyons, 55, has served as the Chairman and President of Ameren Missouri since 2019. He has previously served in various senior leadership positions at the Company and its subsidiaries since 2001, including as Executive Vice President and Chief Financial Officer, Chairman and President of Ameren Services Company, Senior Vice President and Chief Ac…read full bio

Assurant Inc (AIZ)
Leaving: CEO – Alan B Colberg ( 6.9 yrs; 14.7% TSR)
Replaced by: Keith Demmings

Mr. Demmings will initially become President, effective May 18, 2021, at which time Mr. Colberg will cease serving as President. Mr. Demmings, 48, joined the Company in 1997. Over his 24 years with the Company, Mr. Demmings has assumed increasing levels of responsibility across the Company’s global enterprise. Prior to his appointment as Executive Vice President and President, Global Lifestyle eff…read full bio

Beauty Health Co (SKIN)
Leaving: CEO – Clint Carnell ( .6 yrs; 229.7% TSR)
Replaced by: Brent L Saunders

Mr. Saunders, age 51, has over 25 years of experience in various aspects of healthcare and has been in leadership roles at several prominent global pharmaceutical and healthcare companies. Until May 2020, when it was acquired by AbbVie Inc. (NYSE: ABBV) in a transaction valued at approximately $84 billion, Mr. Saunders served as Chairman, President and Chief Executive Officer of Allergan plc (&…read full bio

Bok Financial Corp (BOKF)
Leaving: CEO – Steven G Bradshaw ( 7.9 yrs; 9.1% TSR)
Replaced by: Stacy Kymes

Mr. Kymes, who has been with the company for 25 years, has served in various roles, including chief auditor, director of mergers and acquisitions, and chief credit officer. In his current role as Chief Operating Officer, he leads BOKF’s revenue-generating business lines including Specialized Banking, Regional and Commercial Banking, Consumer Banking, and Wealth Management….read full bio

Cinemark Holdings Inc (CNK)
Leaving: CEO – Mark Zoradi ( 6.3 yrs; -10.8% TSR)
Replaced by: Sean Gamble

Mr. Gamble, age 46, has served as the Company’s Chief Operating Officer and Chief Financial Officer since January 2018 and as the Company’s Executive Vice President and Chief Financial Officer since August 2014. Prior to joining the Company, from February 2009 until April 2014, Mr. Gamble worked for the Comcast Corporation (“Comcast”) as Executive Vice Pre…read full bio

Clear Channel Outdoor Holdings Inc (CCO)
Leaving: CEO – Christopher William Eccleshare ( 2.6 yrs; -17.5% TSR)
Replaced by: Scott Wells

Scott R. Wells is the Chief Executive Officer of Clear Channel Outdoor Americas and was appointed to this position on March 3, 2015. Previously, Mr. Wells served as an Operating Partner at Bain Capital since January 2011 and prior to that served as an Executive Vice President at Bain Capital since 2007. Mr. Wells also was one of the leaders of the firm’s operationally focused Portfolio Group. Prio…read full bio

Comtech Telecommunications Corp (CMTL)
Leaving: CEO – Fred Kornberg ( 5.3 yrs; 15.0% TSR)
Replaced by: Michael Porcelain

Michael D. Porcelain Biography Mr. Porcelain has served as Chief Operating Officer of Comtech since October 2018 and as President since January 2020. He previously served as the Company’s Chief Financial Officer from 2006 to 2018, and as Vice President of Finance and Internal Audit of Comtech from 2002 to 2006. Prior to joining Comtech, Mr. Porcelain was Director of Corporate Profit and Business P…read full bio

Cushman & Wakefield plc (CWK)
Leaving: CEO – W Brett White ( 6.8 yrs; 4.1% TSR)
Replaced by: John Forrester

John Forrester Age: 58 Executive Vice President and Global President Mr. Forrester is our Executive Vice President and Global President and has served in such capacity since December 2017. Prior to his current role, Mr. Forrester was Chief Executive, EMEA at Cushman & Wakefield, a role he previously held at DTZ Group, our predecessor firm. Mr. Forrester was also previously Group Chief Executive of…read full bio

Gorman Rupp Co (GRC)
Leaving: CEO – Jeffrey S Gorman ( 23.6 yrs; 10.9% TSR)
Replaced by: Scott A King

Mr. King, age 47, has served as the Company’s President and Chief Operating Officer since January 1, 2021. Prior to that, he served as Vice President and Chief Operating Officer from April 2019 to December 2020. He served as Vice President of Operations from March 2018 until March 2019, and as Vice President from April 2017 until February 2018. He also held positions with the Go…read full bio

Hillenbrand Inc (HI)
Leaving: CEO – Joe Anthony Raver ( 8.3 yrs; 11.5% TSR)
Replaced by: Kimberly K Dennis

Kimberly K. Dennis , 45, was elected President of Batesville and Senior Vice President of the Company effective April 4, 2011. Most recently she served as Senior Vice President, North America Post-Acute Care of Hill-Rom. Prior to that, she held Vice President roles at Hill-Rom leading its Turnaround Program, Shared Services and Information Technology from 2005 to 2007. Prior to 2005, Ms. Dennis se…read full bio

Insight Enterprises Inc (NSIT)
Leaving: CEO – Kenneth T Lamneck ( 12.0 yrs; 20.1% TSR)
Replaced by: Joyce A Mullen

Ms. Mullen, age 59, joined the Company in October 2020 as President of Insight North America.  Prior to joining the Company, from November 2018 to August 2020, Ms. Mullen was President, Global Channel, Embedded & Edge Solutions for Dell Technologies.  Ms. Mullen worked at Dell Technologies for 21 years in a variety of sales, service delivery, and IT solutions roles. …read full bio

Kforce Inc (KFRC)
Leaving: CEO – David L Dunkel ( 27.9 yrs; 5.8% TSR)
Replaced by: Joseph J Liberatore

Mr. Liberatore, age 58, has served as Kforce’s President since January 2013. He previously served as Corporate Secretary from 2007 to 2013, Chief Financial Officer from 2004 to 2012, Executive Vice President from 2008 to 2012, Senior Vice President from 2000 to 2008, Chief Talent Officer from 2001 to 2004 and Chief Sales Officer from 2000 to 2001. Mr. Liberatore has served in various othe…read full bio

Leggett & Platt Inc (LEG)
Leaving: CEO – Karl G Glassman ( 5.9 yrs; 2.3% TSR)
Replaced by: J Mitchell Dolloff

Mr. Dolloff joined Leggett in 2000 in the Mergers & Acquisitions department, transitioned to operations, and has successfully led various of our operations for the past two decades, including our global Automotive business and, more recently, our global Bedding business. Mr. Dolloff was appointed President of the Automotive Asia Division in 2011 and President of the Automotive Group in 2014…read full bio

LyondellBasell Industries NV (LYB)
Leaving: CEO – Bhavesh (Bob) Patel ( 6.9 yrs; 8.9% TSR)
Replaced by: Peter E.V. Vanacker

Mr. Vanacker, age 55, currently serves as the President, CEO and Chair of the Executive Committee of Neste Corporation, which he joined in 2018. Prior to his role at Neste, he served as CEO and Managing Director, CABB Group GmbH (2015–2018) and as CEO and Managing Director of Treofan Group (2012–2015). He also served as Executive Vice President and Member of the Executive Board…read full bio

NMI Holdings Inc (NMIH)
Leaving: CEO – Claudia J Merkle ( 3.0 yrs; 1.0% TSR)
Replaced by: Adam Pollitzer

Adam S. Pollitzer, Chief Financial Officer Mr. Pollitzer, 42, has served as our Chief Financial Officer since May 2017 and serves on our Executive Committee. Mr. Pollitzer previously served as a managing director in the Corporate and Investment Banking division of J.P. Morgan Securities LLC, a financial institution providing investment, banking and lending services. Mr. Pollitzer joined J.P. Morga…read full bio

Price T Rowe Group Inc (TROW)
Leaving: CEO – William J Stromberg ( 5.9 yrs; 21.5% TSR)
Replaced by: W Sharps RobertMr. Sharps, age 50, has been President since 2021, Head of Investments since 2018, Group Chief Investment Officer since 2017, and an employee since 1997. He was the Co-Head of Global Equity from 2017 to 2018, and Lead Portfolio Manager, Institutional U.S. Large-Cap Equity Growth Strategy from 2001 to 2016. Mr. Sharps has also been a member of the Company’s Management Committee since 2017…read full bio

Rayonier Advanced Materials Inc (RYAM)
Leaving: CEO – Paul G Boynton ( 7.5 yrs; -21.6% TSR)
Replaced by: Vito J Consiglio

Mr. Consiglio, age 57, most recently served as Senior Vice President and Chief Commercial Officer of Ashland Global Holdings Inc. (“Ashland”), a global specialty materials company, from November 2018 to January 2020, and prior to that, as Group Vice President, Consumer Specialties of Ashland from July 2016 to November 2018. Prior to joining Ashland, Mr. Consiglio served as Vice President – Transpo…read full bio

Rli Corp (RLI)
Leaving: CEO – Jonathan E Michael ( 20.9 yrs; 15.9% TSR)
Replaced by: Craig W Kliethermes

Mr. Kliethermes, age 56, has served as President and Chief Operating Officer of the Company since January 1, 2021, and President and Chief Operating Officer of the Company’s insurance company subsidiaries since 2016.  Previously, he served as Senior Vice President, Risk Services of the Company since 2013. Kliethermes joined the Company in 2006….read full bio

Sanara MedTech Inc (SMTI)
Leaving: CEO – J Michael Carmena ( 3.8 yrs; 39.7% TSR)
Replaced by: Zachary B Fleming

Mr. Fleming, age 47, was appointed to the position of President, Surgical Division of the Company on May 28, 2019, and was named Co-Chief Operating Officer on January 28, 2020. Mr. Fleming joined the Company as Vice President of Sales in November 2017 and was promoted to Vice President, Surgical in September 2018. Mr. Fleming is currently responsible for the continued expansion and management o…read full bio

Western Union CO (WU)
Leaving: CEO – Hikmet Ersek ( 11.3 yrs; 4.1% TSR)
Replaced by: Devin McGranahan

Mr. McGranahan, 52, joins the Company from Fiserv, Inc., a global provider of payments and financial services technology solutions, where he served as Executive Vice President, Senior Group President, Global Business Solutions, from 2018 and Group President, Billing and Payments Group, from 2016 to 2018. Before joining Fiserv, Mr. McGranahan served as a senior partner at McKinsey …read full bio

Willis Towers Watson Plc (WLTW)
Leaving: CEO – John J Haley ( 5.9 yrs; 12.8% TSR)
Replaced by: Carl Aaron Hess

Carl A. Hess (age 59) – Mr. Hess has served as Head of Investment, Risk and Reinsurance since October 27, 2016. Previously, Mr. Hess served as the Co-Head of North America at Willis Towers Watson since January 4, 2016. Prior to that, Mr. Hess served as Managing Director, The Americas of Towers Watson since February 1, 2014, and before that, he served as the Managing Director of Towers Watson’s Inv…read full bio

CFO Moves

Altimmune Inc (ALT)
Leaving: CFO – William Michael Brown ( 2.5 yrs; 62.8% TSR)
Replaced by: Richard I Eisenstadt

Mr. Eisenstadt will serve as the Company’s principal accounting officer and principal financial officer. Prior to joining the Company, Mr. Eisenstadt, 63, served as Chief Financial Officer, Secretary and Treasurer of Aytu BioPharma, Inc. (NASDAQ: AYTU) since March 2021, when Aytu BioPharma, Inc. completed a merger with Neos Therapeutics, Inc., where Mr. Eisenstadt served as Chief Financial Office…read full bio

American International Group Inc (AIG)
Leaving: CFO – Mark Donald Lyons ( 3.0 yrs; 11.3% TSR)
Replaced by: Shane Fitzsimons

Mr. Fitzsimons joined AIG in July 2019 as Global Head of Shared Services. He has held roles with increasing responsibility, most recently serving as Executive Vice President and Chief Administrative Officer, which included Head of Financial Planning & Analysis. Mr. Fitzsimons also oversaw the implementation of AIG 200 across AIG. Previously, he spent 23 years at GE, 13 of which as an Office…read full bio

Ecolab Inc (ECL)
Leaving: CFO – Daniel J Schmechel ( 9.2 yrs; 16.0% TSR)
Replaced by: Scott D Kirkland

Mr. Kirkland, age 48, has been with Ecolab since 2005 and is currently Senior Vice President and Corporate Controller, a position he has held since June 2019. Prior to that, he served as Senior Vice President of Finance for Ecolab’s former Energy segment, vice president of Finance for Global Institutional, vice president of corporate planning and analysis, vice president of Finance for Asia Pacifi…read full bio

Goldman Sachs Group Inc (GS)
Leaving: CFO – Stephen M Scherr ( 3.1 yrs; 21.9% TSR)
Replaced by: Denis J Coleman III

Denis has served as co-head of the Global Financing Group in the Investment Banking Division since 2018. In that role, Denis has led the firm’s efforts to serve its clients’ capital needs while driving significant growth across products. He serves as co-chair of the Firmwide Capital Committee and is a member of the European Management Committee, the Firmwide Investment Policy Commit…read full bio

Hormel Foods Corp (HRL)
Leaving: CFO – James N Sheehan ( 5.2 yrs; 6.2% TSR)
Replaced by: Jacinth C Smiley

Smiley, age 53, joined the Company in March 2021 as Group Vice President of Corporate Strategy. In this role, she leads the Company’s overall corporate strategy while serving as a member of the senior leadership team. Prior to joining the Company, she was Vice President and Chief Accounting Officer for LyondellBasell, one of the largest plastics, chemicals and refining companies in the wo…read full bio

Intrepid Potash Inc (IPI)
Leaving: CFO – Brian D Frantz ( 7.3 yrs; -16.0% TSR)
Replaced by: Matthew D Preston

Matthew D. Preston has served as our Vice President of Finance since November 2019. Mr. Preston also serves as our principal financial officer and principal accounting officer. Mr. Preston served as our Director of Budget and Forecast from April 2016 to November 2019. Previously, Mr. Preston served in successively more senior finance roles since joining Intrepid in 2008, including Senior Manager o…read full bio

Intuitive Surgical Inc (ISRG)
Leaving: CFO – Marshall Mohr ( 15.8 yrs; 23.6% TSR)
Replaced by: Jamie Samath

Mr. Samath, age 51, joined Intuitive as Vice President, Corporate Controller in April 2013 and was promoted to Senior Vice President, Finance in July 2019. Prior to joining Intuitive, Mr. Samath was Vice President, Finance, Corporate Controller at Atmel Corporation and, before that, was Vice President, Finance, Corporate Controller at National Semiconductor Corporation. Mr. Samath is a graduate…read full bio

LiveOne Inc (LVO)
Leaving: CFO – Michael Quartieri ( 1.1 yrs; -26.1% TSR)
Replaced by: Aaron Sullivan

Mr. Sullivan, age 40, has served as the Company’s Vice President and Controller since March 2019. Mr. Sullivan is a seasoned executive with extensive financial, mergers and acquisitions and operational experience in building, managing and scaling organizations, as well with financial reporting and internal controls. Mr. Sullivan has built and led financial organizations across multi-…read full bio

Medallion Financial Corp (MFIN)
Leaving: CFO – Larry D Hall ( 18.4 yrs; 6.6% TSR)
Replaced by: Anthony N Cutrone

Mr. Cutrone, age 42, currently serves as the Director of Finance of the Company since May 2021 and previously served as the Assistant Controller and the Manager of Accounting and Financial Reporting from October 2007 through September 2020. From October 2020 through May 2021, Mr. Cutrone served as a Corporate Controller of Triplepoint Capital, LLC. From March 2004 to October 2007, he served as …read full bio

Neogenomics Inc (NEO)
Leaving: CFO – Kathryn B McKenzie ( 1.8 yrs; 2.5% TSR)
Replaced by: William Bonello

William B. Bonello President, Informatics and Director of Investor Relations Mr. Bonello was appointed President of Informatics in February 2020 and continues to serve as the Director of Investor Relations. Previously, Mr. Bonello served as the Chief Strategy and Corporate Development Officer, Treasurer, and Director of Corporate Development since April 2017. Prior to joining NeoGenomics, Mr. Bone…read full bio

RingCentral Inc (RNG)
Leaving: CFO – Mitesh Dhruv ( 4.4 yrs; 45.0% TSR)
Replaced by: Vaibhav AgarwalMr. Agarwal, age 45, joined RingCentral in 2016 as its Vice President, Corporate Controller, and has served as the Chief Accounting Officer of the Company since April 2019. Prior to joining the Company, Mr. Agarwal served as Assistant Corporate Controller of the Programmable Solutions Division of Intel Corporation (formerly Altera Corporation), a semiconductor company, from December 2014 to J…read full bio
Taylor Morrison Home Corp (TMHC)
Leaving: CFO – C David Cone ( 9.2 yrs; 3.8% TSR)
Replaced by: Louis Steffens

Mr. Steffens, age 54, joined the Company in 2007 and he currently oversees the organization’s mergers and acquisitions. In his current role, he has been responsible for creating and implementing short and long-term strategic initiatives. Through the years, Mr. Steffens has led the Company through six successful acquisitions significantly expanding the company’s portfolio and positio…read full bio

Texas Capital Bancshares Inc (TCBI)
Leaving: CFO – Julie L Anderson ( 4.4 yrs; -5.6% TSR)
Replaced by: John M. (“Matt”) Scurlock

 Mr. Scurlock joined the Company in 2013 and currently serves as Executive Vice President, Corporate Treasurer. Over the course of his career, Mr. Scurlock has served in leadership positions across Corporate Finance, Risk, and Treasury sectors. Prior to joining the Company, he worked for Deloitte & Touche LLP providing strategic consulting to financial services clients and for Zions Ba…read full bio

Wesbanco Inc (WSBC)
Leaving: CFO – Robert H Young ( 20.4 yrs; 5.6% TSR)
Replaced by: K Weiss Daniel

Mr. Weiss, age 39, has served as Senior Vice President & Chief Accounting Officer of the Company since January, 2021 and previously has served as Senior Vice President and Corporate Controller, as well as working in various other roles, including Assistant Controller, since joining the Company in 2008. Prior to joining the Company, Mr. Weiss was employed by Deloitte & Touche LLP, in the…read full bio

Recent Analysis

Daily SPAC Update – May 24, 2024

QRDO To Liquidate at $10.96. ShoulderUp Extends with 1.1M Redemptions. BFAC Extension Vote. Churchill Investor Deck. DIST Merger Agreement.

Daily SPAC Update – May 23, 2024

MAQC + Immersed Inc. Deal Terminated. GPAC Deal Vote Set. IVCB Extends w/ 2.1M Redemptions. CVII Investor Deck. PWUP Redemption Agreement.

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