CEO & CFO Moves Review (Aug 30)

by | Aug 30, 2024

Weekly CEO & CFO Moves Update

Here is a look at this week’s CEO and CFO moves at US public companies. At Alight Inc. (ALIT), with a market cap of $4.0 billion and a one-year total shareholder return (TSR) of -3.8%, CEO Stephan D. Scholl stepped down after 3.1 years, during which the TSR was -4.6%. David D. Guilmette, who has held senior leadership roles at Aon plc, including serving as a strategic advisor to the CEO, is the incoming CEO.

At Leslie’s Inc. (LESL), Michael Egeck resigned as CEO and a director of Leslie’s, Inc., effective August 26, 2024. John Strain, the Chairman of the Board, has been appointed as the Interim CEO until Jason McDonell takes over as the new CEO on September 9, 2024. Egeck’s departure comes shortly after the company adjusted its outlook due to challenging industry conditions.

SolarEdge Technologies Inc. (SEDG), with a market cap of $1.4 billion and a one-year TSR of -84.6%, saw CEO Zvi Lando leave after five years, with a TSR of -16.5%. Ronen Faier, the company’s long-standing CFO, has been appointed as the interim CEO.

Other notable changes include OP Bancorp (OPBK), where CEO Min Kim, after a 15.2-year tenure with a 3.1% TSR, is succeeded by Sang Kyo Oh, who brings over 26 years of banking experience. Additionally, Granite Point Mortgage Trust Inc. (GPMT), with a market cap of $130.8 million and a one-year TSR of -44.8%, announced the departure of CFO Marcin Urbaszek after 10.1 years, with Blake Johnson, a key figure in the company’s finance and accounting functions, stepping into the role.

This Week’s CEO and CFO Moves

 

COMPANY MARKET CAP / TSR ROLE LEAVING JOINING JOINER BIOGRAPHY
ALIGHT INC
ALIT
 
Mkt Cap: $4.0B
1-Yr TSR: -3.8%
CEO Stephan D Scholl
3.1 yrs
-4.6% TSR
David D Guilmette David D. Guilmette, Director DIRECTOR SINCE 2024 AGE 63 COMMITTEES Audit Mr. Guilmette has served as the co-founder of WorldClass Health since March 2024. Mr. Guilmette most recently served in a number of senior leadership roles at Aon plc (NYSE: AON) (“Aon”) between November 2019 to March 2024, including strategic advisor to the CEO and President of Aon from February 2023 to March 2024 and CEO of…read full bio
ALT5 SIGMA CORP
ALTS
 
Mkt Cap: $29.5M
1-Yr TSR: 299.7%
CEO Antonios Isaac
8.6 yrs
-9.2% TSR
Peter Tassiopoulos Mr. Tassiopoulos has over 30 years of leadership experience across healthcare, finance, and technology sectors. From April 4, 2022, until his appointment as our CEO, Mr. Tassiopoulos has served as an independent mergers and acquisitions (M&A) consultant, consulting for various companies. During that time, he restructured in excess of $150 million in debt and facilitated a $35 million…read full bio
AVISTA CORP
AVA
 
Mkt Cap: $3.0B
1-Yr TSR: 19.8%
CEO Dennis P Vermillion
5.2 yrs
-.2% TSR
Heather Lynn Rosentrater Heather Rosentrater became President and COO on October 1, 2023. Rosentrater has spent her entire professional career at Avista, beginning in 1996 as a student engineering technician for Avista Labs. This fuel cell subsidiary business was later sold and became ReliOn. In 1999, Rosentrater joined Avista Corp. as an electrical engineer and was quickly promoted to leadership roles that built her expe…read full bio
BJS RESTAURANTS INC
BJRI
 
Mkt Cap: $720.3M
1-Yr TSR: 5.4%
CEO Gregory Levin
2.9 yrs
-9.1% TSR
C Bradford Richmond
(interim)
C. BRADFORD RICHMOND Age: 65 Director since 2024 Committees: * N/A Director Qualifications: Mr. Richmond has over 40 years of extensive management and financial experience in the restaurant industry, contributing to the operations and strategic planning of restaurant chains. Mr. Richmond’s significant financial experience, coupled with being a Certified Public Accountant, also qualifies him as an…read full bio
BLOOMIN’ BRANDS INC
BLMN
 
Mkt Cap: $1.5B
1-Yr TSR: -32.1%
CEO David J Deno
5.4 yrs
-.6% TSR
Michael Spanos Mr. Spanos, 59, served as Chief Operating Officer of Delta Airlines from June 2023 to August 2024; Owner of Mike Spanos Associates, a business consulting firm, from January 2022 to May 2023; and President and Chief Executive Officer of Six Flags Entertainment Corporation from November 2019 to November 2021. Prior to joining Six Flags, he spent more than 25 years in a variety of positions at PepsiC…read full bio
LESLIE’S INC
LESL
 
Mkt Cap: $462.3M
1-Yr TSR: -62.7%
CEO Michael R Egeck
4.5 yrs
-40.6% TSR
John Strain
(interim)
Mr. Strain was the Head of e-Commerce and Technology at The Gap, Inc., between October 2019 and May 2022. The Gap, Inc. is an American worldwide clothing and accessories retailer founded in 1969. Mr. Strain had responsibilities in such role for technology, product management, data and analytics, and loyalty and payments. Mr. Strain also oversaw the digital business including e-commerce strategy an…read full bio
LESLIE’S INC
LESL
 
Mkt Cap: $462.3M
1-Yr TSR: -62.7%
CEO John Strain
2.1 yrs *interim*
Jason McDonell Mr. McDonell is a seasoned senior executive with nearly 30 years of experience in retail and consumer products sectors. Most recently, he served as Executive Vice President, Merchandising, Marketing, and e-Commerce at Advance Auto Parts, Inc., a leading automotive aftermarket parts provider, between March 2021 and December 2023. In this role, Mr. McDonell drove omnichannel growth across the comp…read full bio
OP BANCORP
OPBK
 
Mkt Cap: $187.8M
1-Yr TSR: 41.0%
CEO Min Kim
15.2 yrs
3.1% TSR
Sang Kyo Oh Mr. Oh has served as Executive Vice President and Chief Credit Officer of the Company and the Bank since October 2020. Before joining the Bank, Mr. Oh had more than 26 years of banking experience, all with Bank of Hope, Los Angeles, California. His previous roles included service as Senior Vice President and Senior Credit Administrator at Bank of Hope from 2007 to 2020, and serving in a…read full bio
SOLAREDGE TECHNOLOGIES INC
SEDG
 
Mkt Cap: $1.4B
1-Yr TSR: -84.6%
CEO Zvi Lando
5.0 yrs
-16.5% TSR
Ronen Faier
(interim)
Mr. Faier, age 53, has served as the Company’s Chief Financial Officer since 2011. Prior to joining the Company, Mr. Faier served from 2008 to 2010 as the chief financial officer of Modu Ltd, a privately owned Israeli company. Between 2004 and 2007, Mr. Faier held several senior finance positions, including chief financial officer at M-Systems prior to its acquisition by SanDisk Corporation…read full bio
UFP INDUSTRIES INC
UFPI
 
Mkt Cap: $7.3B
1-Yr TSR: 19.0%
CEO Matthew J Missad
13.4 yrs
23.3% TSR
William Danny Schwartz William D. Schwartz, Jr. joined us in 1998. He became Operations Vice President in 2014 and Executive Vice President of Purchasing and Transportation in 2020. On July 1, 2022, he became Executive Vice President of Operations Services and on September 26, 2022, he became President of UFP Retail Solutions, LLC….read full bio
UNIVERSAL CORP
UVV
 
Mkt Cap: $1.4B
1-Yr TSR: 22.6%
CEO George C Freeman III
16.5 yrs
Preston Douglas Wigner   Mr. Wigner, age 55, was appointed Senior Vice President in December 2023, after serving as Vice President since August 2007 and General Counsel and Secretary since November 2005. Mr. Wigner has been employed with the Company since March 2003. Prior to joining the Company, Mr. Wigner served as an associate with the law firms Williams Mullen and Hunton Andrews Kurth (formerly Hunton & Wil…read full bio
1 800 FLOWERS COM INC
FLWS
 
Mkt Cap: $507.9M
1-Yr TSR: 9.9%
CFO William E Shea
24.3 yrs
2.4% TSR
James M Langrock Mr. Langrock, age 59, has served as the Company’s Chief Administrative Officer since April 2024. Prior to joining the Company, Mr. Langrock held the position of Chief Financial Officer at several public and privately held companies, including Charcuterie Artisans from January 2020 to March 2024, The Hain Celestial Group from June 2017 through December 2019, and Monster Worldwide, Inc. from J…read full bio
ALPINE 4 HOLDINGS INC
ALPP
 
Mkt Cap: $10.7M
1-Yr TSR: -65.0%
CFO Christopher Meinerz
1.3 yrs
-80.3% TSR
Ginger Smith Ms. Smith, age 64, has over 35 years of accounting and management experience and has been with the Company since December 2023. She started her career at PriceWaterhouseCoopers in Los Angeles and holds a CPA, currently inactive, from the State of California. From October 2021 to November 2023, Ms. Smith was the Director of Accounting at YourWay Cannabis Brands Inc., a publicly held company on the…read full bio
CHEETAH NET SUPPLY CHAIN SERVICE INC
CTNT
 
Mkt Cap: $7.3M
1-Yr TSR: -89.4%
CFO Robert Cook
1.8 yrs
-90.7% TSR
Huan Liu
(interim)
Mr. Huan Liu has served as our Chief Executive Officer and our Chairman of the Board of Directors since August 2016, and he has extensive experience in real estate, private equity, and car imports and exports. As the founder and CEO of Cheetah Net, Mr. Huan Liu has been responsible for the management of day-to-day operations and high-level strategizing and business planning, as well as implementin…read full bio
COMPASS DIVERSIFIED HOLDINGS
CODI
 
Mkt Cap: $1.7B
1-Yr TSR: 10.4%
CFO Ryan J Faulkingham
10.8 yrs
9.1% TSR
Stephen Keller Mr. Keller (age 50) previously served as Interim Chief Financial Officer of Envista Holdings Corporation since September 2023 and as Vice President of Investor Relations of Envista Holdings Corporation since February 2021. Mr. Keller also served as Vice President and General Manager of Envista Holdings Corporation’s business unit, Nobel Biocare, from July 2021 through July 2022, and as Envis…read full bio
EHEALTH INC
EHTH
 
Mkt Cap: $118.8M
1-Yr TSR: -49.9%
CFO John J Stelben
1.8 yrs
16.7% TSR
John Dolan John Dolan, age 56, who has served as the Company’s senior vice president, chief accounting officer since May 2022, will succeed Mr. Stelben as the Company’s senior vice president, chief financial officer, effective August 31, 2024. In connection with his role as senior vice president, chief financial officer, Mr. Dolan will also serve as the Company’s principal financial and acc…read full bio
ELIEM THERAPEUTICS INC
ELYM
 
Mkt Cap: $493.6M
1-Yr TSR: 177.7%
CFO Andrew David Levin
1.4 yrs *interim*
60.2% TSR
Brett Kaplan Dr. Kaplan, age 50, was most recently President, Chief Financial and Corporate Development Officer of Chroma Medicine, Inc. (“Chroma”), a private biotechnology company, from June 2021 to August 2024. Prior to joining Chroma, Dr. Kaplan was the Chief Financial Officer of Prevail Therapeutics Inc., a clinical-stage gene therapy biotechnology company focused on neurodegenerative…read full bio
EVERGY INC
EVRG
 
Mkt Cap: $13.5B
1-Yr TSR: 8.6%
CFO Geoffrey T. Ley
.2 yrs
William Bryan Buckler Mr. Buckler, 51, joins Evergy from OGE Energy Corp., where he served as Chief Financial Officer since January 2021. Prior to joining OGE Energy Corp., Mr. Buckler served as Vice President of Investor Relations at Duke Energy Corporation. During his tenure at Duke Energy, Mr. Buckler also served as Director of Financial Planning and Analysis (2016 – 2019), Director of Regulated Accounting (…read full bio
GRANITE POINT MORTGAGE TRUST INC
GPMT
 
Mkt Cap: $130.8M
1-Yr TSR: -44.8%
CFO Marcin Urbaszek
10.1 yrs
-16.5% TSR
Blake Johnson Mr. Johnson, age 40, served in various roles at the Company as an employee of the Company’s former manager, most recently serving as the Company’s Controller, and played an integral role in establishing the Company’s finance, accounting and tax functions. Since 2012, Mr. Johnson served in various positions at Two Harbors Investment Corp. (NYSE: TWO), most recently servi…read full bio
GUESS INC
GES
 
Mkt Cap: $1.1B
1-Yr TSR: 1.2%
CFO Markus Neubrand
1.1 yrs
20.7% TSR
Dennis R Secor
(interim)
Mr. Secor, age 61, previously served as the Senior Vice President and Chief Financial Officer of the Company from July 2006 to December 2012, as interim Chief Accounting Officer of the Company from March 2022 to April 2023, and as interim Chief Financial Officer of the Company from March 2022 to July 2023. Since July 2023, Mr. Secor has served the Company as Executive Vice President, Finance. &nbs…read full bio
IMMUNOCORE HOLDINGS PLC
IMCR
 
Mkt Cap: $1.7B
1-Yr TSR: -38.6%
CFO Donato Brian Di
4.7 yrs
-7.7% TSR
TBD TBD
INSPERITY INC
NSP
 
Mkt Cap: $3.5B
1-Yr TSR: -6.7%
CFO Douglas S Sharp
21.3 yrs
16.8% TSR
James D Allison James D. Allison, age 55, will assume the role of Executive Vice President of Finance, Chief Financial Officer and Treasurer, effective as of Mr. Sharp’s retirement. Mr. Allison will also be designated as Insperity’s principal financial officer. Mr. Allison has served as Executive Vice President of Comprehensive Benefits Solutions & Chief Profitability Officer since May 2023. Mr. A…read full bio
LIFECORE BIOMEDICAL INC
LFCR
 
Mkt Cap: $117.9M
1-Yr TSR: -54.5%
CFO John D Morberg
3.7 yrs
-17.3% TSR
Ryan David Lake Mr. Lake, age 47, most recently served as the Chief Financial Officer of Societal CDMO, Inc., a bi-coastal contract development and manufacturing organization, or CDMO, with capabilities spanning pre-investigational new drug development to commercial manufacturing and packaging for a wide range of therapeutic dosage forms with a primary focus on small molecules. Mr. Lake served as the Chief Financ…read full bio
MERIDIANLINK INC
MLNK
 
Mkt Cap: $1.7B
1-Yr TSR: 32.2%
CFO Laurence E Katz
.3 yrs
Elias Olmeta Prior to joining the Company, Mr. Olmeta served as chief financial officer of Vistage Worldwide, a CEO coaching and peer advisory organization for small and midsize businesses, from August 2019 to January 2023. From March 2015 to August 2019, Mr. Olmeta served as executive vice president and chief financial officer of Mitchell International, a technology and information provider for the property a…read full bio
NETAPP INC
NTAP
 
Mkt Cap: $24.4B
1-Yr TSR: 60.2%
CFO Michael J Berry
4.2 yrs
TBD TBD
OGE ENERGY CORP
OGE
 
Mkt Cap: $7.9B
1-Yr TSR: 21.0%
CFO William Bryan Buckler
3.6 yrs
11.0% TSR
Charles B Walworth
(interim)
Mr. Walworth, 49, has served as Treasurer since 2014….read full bio
PINEAPPLE ENERGY INC
PEGY
 
Mkt Cap: $7.0M
1-Yr TSR: -95.0%
CFO Eric Ingvaldson
1.8 yrs
-82.7% TSR
TBD TBD
SALESFORCE INC
CRM
 
Mkt Cap: $249.0B
1-Yr TSR: 21.7%
CFO Amy E Weaver
4.1 yrs
4.2% TSR
TBD TBD
VIASAT INC
VSAT
 
Mkt Cap: $2.0B
1-Yr TSR: -41.0%
CFO Shawn Lynn Duffy
10.3 yrs
-10.9% TSR
Garrett L Chase Mr. Chase, 53, joins Viasat from Delta Air Lines, where he most recently served as Senior Vice President of Operational Finance and was a member of the Delta Leadership Committee, a group of top executives reporting directly to the CEO. During his more than 12-year tenure at Delta Air Lines, Mr. Chase oversaw a number of important financial functions, including Financial Planni…read full bio

Recent Analysis

CEO & CFO Moves Review – November 8, 2024

Explore last week’s CEO and CFO transitions at major public companies like Adial Pharmaceuticals, Affirm Holdings, Agrify Corp, and Dollar Tree. Learn about the new leaders taking charge amidst financial challenges, governance risks, and stock performance issues. This update covers executive shifts at companies facing shareholder pressures, regulatory scrutiny, and strategic reorganizations.

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