Weekly Executive & Director Moves (Dec 9)

by | Dec 9, 2022

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

Moves in this Issue

CEO

AOSL, BFLY, CTOS, EKSO, EW, FNMA, FRGI, FUL, GMBL, IBIO, KRTX, LGND, RGTI, SGA, TFFP, VFC, ZBRA

CFO

FTDR

Directors

ALBO, AM, AWK, AXP, BCO, BFLY, BG, BKE, CASA, CERT, CPF, CRAI, CRL, CVLT, CWAN, CXM, CYH, EAR, ECL, EEFT, EKSO, ENS, ES, FHB, FNMA, FOSL, FRGI, FSTR, FUL, GGG, GMBL, GMGI, GOVX, HEAR, IBIO, KRTX, MPLN, NR, OSA, OSCR, PINS, PTCT, QTEK, RCKY, RMAX, RMCF, SAIC, SANM, SGA, SMMT, SWCH, TFFP, TNYA, UAVS, UPH, VCXB, VERI, VFC, VIVK, WAL, WBA, WE, WTW, ZBRA

CEO Moves

BUTTERFLY NETWORK INC (BFLY)
Leaving: CEO – Todd Fruchterman ( 1.8 yrs; -60.9% TSR)
Replaced by: Jonathan M Rothberg

Jonathan M. Rothberg, Ph.D. is the founder of Legacy Butterfly and served as the Chairman of our board of directors since the Closing of the Business Combination in February 2021. Dr. Rothberg served as the Chairman of Legacy Butterfly’s board of directors since March 2014. He previously served as Legacy Butterfly’s Chief Executive Officer from March 2014 to April 2020, and as Legacy Butterfly’s P…read full bio

CUSTOM TRUCK ONE SOURCE INC (CTOS)
Leaving: CEO – Fredrick M Ross Jr ( 2.0 yrs; -10.6% TSR)
Replaced by: Ryan McMonagle

Ryan McMonagle. Mr. McMonagle became our President and Chief Operating Officer in 2021 upon the consummation of the Acquisition. Mr. McMonagle joined Custom Truck LP as Chief Financial Officer in 2015, following Blackstone investment. He became Chief Operating Officer of Custom Truck LP in 2017. Previously, Mr. McMonagle was Chief Financial Officer of Sound United and DEI Holdings, a portfolio com…read full bio

EDWARDS LIFESCIENCES CORP (EW)
Leaving: CEO – Michael A Mussallem ( 23.2 yrs; 19.5% TSR)
Replaced by: Bernard J Zovighian

Bernard J. Zovighian, age 49. Mr. Zovighian has been Corporate Vice President, Surgical Heart Valve Therapy since January 2016. He joined Edwards in January 2015 as Vice President and General Manager for the surgical heart valve business. Prior to joining Edwards, Mr. Zovighian held a variety of roles with increasing levels of responsibility at Johnson & Johnson for nearly 20 years, including Worl…read full bio

EKSO BIONICS HOLDINGS INC (EKSO)
Leaving: CEO – Steven Sherman ( .9 yrs; -57.6% TSR)
Replaced by: Scott G Davis

Scott Davis, our President and Chief Operating Officer Effective January 22, 2022, Mr. Davis was appointed President and Chief Operating Officer of the Company. Prior to that, Mr. Davis served as the Company’s Executive Vice President of Strategy and Corporate Development since April 2021. On February 22, 2021, the Company entered into an offer letter with Mr. Davis in connection with his retentio…read full bio

ESPORTS ENTERTAINMENT GROUP INC (GMBL)
Leaving: CEO – Grant Johnson ( 9.8 yrs; -34.8% TSR)
Replaced by: TBD


FIESTA RESTAURANT GROUP INC (FRGI)
Leaving: CEO – Richard C Stockinger ( 5.8 yrs; -21.3% TSR)
Replaced by: Dirk A Montgomery

Dirk Montgomery Age: 59 Biography: Senior Vice President, Chief Financial Officer and Treasurer Dirk Montgomery has been Senior Vice President, Chief Financial Officer and Treasurer of Fiesta Restaurant Group since September 9, 2019. Mr. Montgomery served as Chief Financial Officer of Hooters International from August 2016 until September 2019. Mr. Montgomery also served as Chief Financial Office…read full bio

IBIO INC (IBIO)
Leaving: CEO – Thomas Francis Isett 3rd ( 2.8 yrs; -50.5% TSR)
Replaced by: TBD


KARUNA THERAPEUTICS INC (KRTX)
Leaving: CEO – Steven M Paul ( 4.4 yrs; 99.4% TSR)
Replaced by: Bill Meury

Mr. Meury is currently a partner at Hildred Capital Management, a private equity firm focusing on the healthcare industry. He previously served as Executive Vice President and Chief Commercial Officer of Allergan from May 2016 until Allergan’s acquisition by AbbVie Inc. in May 2020. Prior to this role, he served as Allergan’s President, Branded Pharma from March 2015 to May 201…read full bio

LIGAND PHARMACEUTICALS INC (LGND)
Leaving: CEO – John L Higgins ( 15.9 yrs; 2.6% TSR)
Replaced by: Todd C Davis

Todd C. Davis has served as a member of our board of directors since March 2007. He is the Founder and Managing Partner of RoyaltyRx Capital, a special opportunities investment firm founded in 2018. From 2006 until 2018, Mr. Davis was a Founder & Managing Partner of Cowen/HealthCare Royalty Partners, a global healthcare investment firm. He has almost thirty years of experience in both operations a…read full bio

RIGETTI COMPUTING INC (RGTI)
Leaving: CEO – Rick Danis ( .1 yrs; )
Replaced by: Subodh K Kulkarni

Dr. Kulkarni, age 58, was most recently president, chief executive officer, and member of the board of directors of CyberOptics Corporation (“CyperOptics”), a developer and manufacturer of high precision sensors and inspection systems for the semiconductor and electronics industry. He held these roles from 2014 until CyberOptics was acquired by Nordson Corporation in November 2…read full bio

SAGA COMMUNICATIONS INC (SGA)
Leaving: CEO – Warren S Lada ( .3 yrs; )
Replaced by: Christopher Forgy

Mr. Forgy will assume this new position effective December 7, 2022. Currently, Mr. Forgy serves as the Company’s Senior Vice President of Operations. Mr. Forgy received unanimous Board approval to serve as the Company’s next President and Chief Executive Officer. Mr. Forgy joined the Company in 1995 and served as Director of Sales for the Company’s radio stations in Columbus, Ohio until 2006. He l…read full bio

TFF PHARMACEUTICALS INC (TFFP)
Leaving: CEO – Glenn R Mattes ( 4.6 yrs; -34.9% TSR)
Replaced by: Harlan F Weisman

Dr. Weisman has accepted the president and chief executive officer positions on an interim basis pending completion of the Board’s search for a permanent president and chief executive officer. In addition to his new interim duties, Dr. Weisman also continues in his role as vice chairman of the Board….read full bio

V F CORP (VFC)
Leaving: CEO – Steven E Rendle ( 5.9 yrs; -6.3% TSR)
Replaced by: Benno O Dorer

BENNO DORER Mr. Dorer has served as Chief Executive Officer of The Clorox Company, a global manufacturer and marketer of consumer and professional products, since November 2014 and was appointed Chairman of the Board of the company in August 2016. He has served in numerous leadership roles with the company since he joined in 2005. Skills and Qualifications: Mr. Dorer’s qualifications for election …read full bio

ZEBRA TECHNOLOGIES CORP (ZBRA)
Leaving: CEO – Anders Gustafsson ( 15.5 yrs; 13.8% TSR)
Replaced by: William Burns

Mr. Burns, age 55, has served as the Company’s Chief Product & Solutions Officer since February 2018. Mr. Burns joined the Company in 2015 to lead its largest business unit as Senior Vice President, Enterprise Visibility and Mobility, which included mobile computing, data capture and RFID solutions, as well as the Company’s Chief Technology Office. Prior to joining Zebra, Mr. Bu…read full bio

CFO Moves

FRONTDOOR INC (FTDR)
Leaving: CFO – Brian K Turcotte ( 4.4 yrs; -10.8% TSR)
Replaced by: Jessica P. Ross

On December 1, 2022, Ms. Ross, age 46, agreed to be appointed Senior Vice President and Chief Financial Officer of the Company, effective as of the Transition Date. Ms. Ross has served at Salesforce, Inc., a global leader in customer relationship management technology, since March 2019 in roles of increasing responsibility, most recently serving as Executive Vice President, Enter…read full bio

Director Joins

AGEAGLE AERIAL SYSTEMS INC (UAVS)
Kelly Anderson

Anderson currently serves as CEO of CXO Executive Solutions, a specialized executive talent solutions company she founded in 2020. She was previously a partner in C Suite Financial Partners, a financial consulting firm serving private, private equity, entrepreneurial, family office and gove…read full bio

AMERICAN EXPRESS CO (AXP)
Deborah P Majoras

Ms. Majoras joined P&G in 2008 and was named Chief Legal Officer and Corporate Secretary in 2010. She led a global department responsible for the company’s legal, government relations, brand protection and corporate governance functions. She and her team successfully protected P&G&r…read full bio

ANTERO MIDSTREAM CORP (AM)
Nancy E. Chisholm

Nancy Chisholm is a global business leader with over 25 years of experience with Fortune 500 companies and extensive experience in operational leadership and human resources. Nancy spent 20 years with Tyco International, most recently as President of Tyco Retail Solutions. Nancy led this business…read full bio

BUCKLE INC (BKE)
Shruti S Joshi

Ms. Joshi, age 44, currently serves as Chief Operating Officer for Facet Wealth, a position she has held since August 2021. In this role, she is responsible for continuing Facet Wealth’s growth by overseeing its overall go-to market strategy, defining and leading its unique end-to-end clien…read full bio

CENTRAL PACIFIC FINANCIAL CORP (CPF)
Jason Fujimoto

Mr. Fujimoto is currently President and Chief Executive Officer of Hawaii Planing Mill, Ltd., doing business as HPM Building Supply (a building supply company headquartered on Hawaii Island, in business for over 100 years, and with operations on all four major islands in the State of Hawaii), and…read full bio

CERTARA INC (CERT)
David Spaight

Mr. Spaight served as the Chairman and CEO of WIL Research Laboratories, a leading pre-clinical CRO acquired by Charles River Laboratories, and, before that, as President of MDS Pharma Services, a global CRO serving all phases of pharmaceutical research and development. Mr. Spaight has …read full bio

CHARLES RIVER LABORATORIES INTERNATIONAL INC (CRL)
Craig B Thompson

Dr. Thompson is an elected member of the National Academy of Sciences, the National Academy of Medicine, the American Academy of Arts and Sciences, and the Association of American Physicians. Dr. Thompson holds a number of patents related to immunotherapy and apoptosis, has founded three biotechnolo…read full bio

EKSO BIONICS HOLDINGS INC (EKSO)
Scott G Davis

Scott Davis, our President and Chief Operating Officer Effective January 22, 2022, Mr. Davis was appointed President and Chief Operating Officer of the Company. Prior to that, Mr. Davis served as the Company’s Executive Vice President of Strategy and Corporate Development since April 2021. On Februa…read full bio

EURONET WORLDWIDE INC (EEFT)
Ligia Torres

Ms. Torres’ professional experience includes more than 30 years in the financial sector across capital markets, wealth management and asset management, where she held operational, managerial and board positions covering Latin…read full bio

FIRST HAWAIIAN INC (FHB)
Mark M Mugiishi

Dr. Mugiishi, age 63, has served as the President and Chief Executive Officer of Hawaii Medical Service Association (“HMSA”), Blue Cross Blue Shield Association’s Hawaii health insurance independent licensee, since February 2020. He has served HMSA in a variety of capacities sin…read full bio

GOLDEN MATRIX GROUP INC (GMGI)
Philip Moyes

Philip Daniel Moyes, age 50, has served as a director of Carbon Logic Ltd, a consulting company to the gaming industry since May 2017. Since October 2021, he has also served as the Chief Executive Officer of Ultimate Platform Technology Ltd., a technology platform provid…read full bio

KARUNA THERAPEUTICS INC (KRTX)
Bill Meury

Mr. Meury is currently a partner at Hildred Capital Management, a private equity firm focusing on the healthcare industry. He previously served as Executive Vice President and Chief Commercial Officer of Allergan from May 2016 until Allergan’s acquisition by AbbVie Inc. in May 2020. Pr…read full bio

OSCAR HEALTH INC (OSCR)
Bill Gassen

Mr. Gassen has served as president and CEO of Sanford Health, an integrated health system serving communities across the upper Midwest since November 2020, and is an ex officio member of Sanford Health’s Board of Trustees. In addition, he served in a number of leadership roles for Sanford Health ove…read full bio

PINTEREST INC (PINS)
Marc Steinberg

Marc Steinberg is a Senior Portfolio Manager at Elliott. He is responsible for public and private equity investments across a range of industries, including the technology, media and telecommunications sectors. He currently serves on the board of directors of two private companies: Nielse…read full bio

PROSOMNUS INC (OSA)
Len Liptak

Leonard Liptak will serve as Chief Executive Officer and Director of New ProSomnus following the Business Combination. Mr. Liptak has served as CEO, Co-founder and Director of ProSomnus Sleep Technologies since 2016, where he has overseen operations, strategy and fina…read full bio

PROSOMNUS INC (OSA)
Leonard Hedge

Leonard Hedge will serve as Director of New ProSomnus following the Business Combination. Mr. Hedge has served as a member of the Board of Directors of Convergent Dental, a privately owned dental equipment and technology company, since 2013, and as a member of the board of directors of ProSo…read full bio

PROSOMNUS INC (OSA)
Jason Orchard

Jason Orchard will serve as Director of New ProSomnus following the Business Combination. Mr. Orchard has been with Spring Mountain Capital (“SMC”), a private investment management firm specializing in alternative asset investing, since 2004 and has served…read full bio

PROSOMNUS INC (OSA)
Laing Rikkers

Laing Rikkers will serve as Executive Chairman of New ProSomnus following the Business Combination. Ms. Rikkers has served as Director and Co-founder of ProSomnus Sleep Technologies since 2016, including serving as Chairman from 2016 to 2018 and from 2019 to 2021, and…read full bio

PROSOMNUS INC (OSA)
Heather Rider

Heather Rider will serve as a Director of New ProSomnus following the Business Combination. Ms. Rider served on the board of directors of Intricon Corporation (Nasdaq: IIN), a joint development manufacturer of components for micro-medical technology, from 2020 to 2022…read full bio

PROSOMNUS INC (OSA)
William S Johnson

William Johnson will serve as a Director of New ProSomnus and Chairman of the Audit Committee following the Business Combination. Mr. Johnson has served as Director for ProSomnus Sleep Technologies since 2016, including serving as Chairman from 2018 to 2019, and Chair…read full bio

RE/MAX HOLDINGS INC (RMAX)
Katherine Lee Scherping

Currently, Scherping is a board member of Turtle Beach Corporation, serving as a member of the audit committee and chair of the nominating and governance committee for one of the world’s leading gaming accessory providers. Previously, Scherping was also a board member, nominating and govern…read full bio

SAGA COMMUNICATIONS INC (SGA)
Christopher Forgy

Mr. Forgy will assume this new position effective December 7, 2022. Currently, Mr. Forgy serves as the Company’s Senior Vice President of Operations. Mr. Forgy received unanimous Board approval to serve as the Company’s next President and Chief Executive Officer. Mr. Forgy joined the Company in 1995…read full bio

SCIENCE APPLICATIONS INTERNATIONAL CORP (SAIC)
Carolyn B Handlon

 Ms. Handlon served as the Executive Vice President, Finance and Treasurer, of Marriott International, Inc. (Nasdaq: MAR) since July 1999 with over 35 years of leadership experience with the company, including oversight of global investments and capital markets for Marriott. Prior to jo…read full bio

SPRINKLR INC (CXM)
Kevin Haverty

Mr. Haverty, age 57, is currently the Senior Advisor to the CEO at ServiceNow, Inc. Previously, he served as its Chief Revenue Officer, the Executive Vice President of Worldwide Sales and other senior positions from December 2011 to the present. From January 2010 to December 2011, Mr. Haverty ser…read full bio

TURTLE BEACH CORP (HEAR)
Julia Sze

Ms. Sze is a Chartered Financial Analyst with over 25 years of senior executive experience in capital markets and investment management. She currently serves as an impact investor, working with clients to effectively translate their mission and values into investment strategies to generate growth…read full bio

UPHEALTH INC (UPH)
Mark Guinan

Mr. Guinan serves as a director and Chair of the Audit Committee of Myovant Sciences since July 2018, and has served as its Lead Independent Director since November 2021. From July 2013 until his retirement in July 2022, he served as the Executive Vice President and Chief Financial Officer of Que…read full bio

UPHEALTH INC (UPH)
Luis Machuca

Mr. Machuca serves as a director of Umpqua Bank (Nasdaq: UMPQ) since 2010 and as Chair of its Compensation Committee since 2015, and was the designated director for its FinTech venture. Mr. Machuca played a key role in Umpqua’s Chief Executive Officer succession in 2017, as well as in the p…read full bio

WEWORK INC (WE)
Vikas Parekh

Mr. Parekh is a Managing Partner at SoftBank Investment Advisers where he focuses on investing in enterprise software, robotics, automation, and other emerging technologies. He serves as a director across multiple public and private…read full bio

ZEBRA TECHNOLOGIES CORP (ZBRA)
William Burns

Mr. Burns, age 55, has served as the Company’s Chief Product & Solutions Officer since February 2018. Mr. Burns joined the Company in 2015 to lead its largest business unit as Senior Vice President, Enterprise Visibility and Mobility, which included mobile computing, data capture and RF…read full bio

ZEBRA TECHNOLOGIES CORP (ZBRA)
Anders Gustafsson

ANDERS GUSTAFSSON Chief Executive Officer Class III Director (Term Expires 2023) Director since: 2007 Age: 61 Committees: * None Professional Highlights Mr. Gustafsson became Zebra’s Chief Executive Officer and a director in 2007. Prior to joining Zebra, Mr. Gustafsson served as Chief Executive Offi…read full bio

Director Exits

BUNGE LTD (BG)
Paul J Fribourg ( 4.2 yrs; 14.1% TSR)
Committees: Enterprise Risk Management , Finance and Risk Policy, Strategic Review, Sustainability and Corporate Responsibility

BUTTERFLY NETWORK INC (BFLY)
Todd Fruchterman ( 1.8 yrs; -60.9% TSR)

CASA SYSTEMS INC (CASA)
Lucy Xie ( -29.4% TSR)

COMMUNITY HEALTH SYSTEMS INC (CYH)
Wayne T Smith ( 25.8 yrs; -5.7% TSR)

EARGO INC (EAR)
Joshua Makower ( 7.1 yrs; -85.2% TSR)

EARGO INC (EAR)
A Brooke Seawell ( 2.3 yrs; -85.2% TSR)

EARGO INC (EAR)
Douglas J Hughes ( 2.3 yrs; -85.2% TSR)

ESPORTS ENTERTAINMENT GROUP INC (GMBL)
Grant Johnson ( 9.6 yrs; -34.8% TSR)

FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE (FNMA)
David C Benson ( .6 yrs; -55.2% TSR)

FIESTA RESTAURANT GROUP INC (FRGI)
Richard C Stockinger ( 5.7 yrs; -18.7% TSR)

FOSTER L B CO (FSTR)
Robert S Purgason ( 8.0 yrs; -17.5% TSR)
Committees: Compensation, Nominating (and Governance)

FOSTER L B CO (FSTR)
Suzanne B Rowland ( 14.6 yrs; -9.0% TSR)
Committees: Audit, Nominating (and Governance)

FULLER H B CO (FUL)
James Owens ( 12.1 yrs; 12.9% TSR)

GRACO INC (GGG)
Emily White ( 4.8 yrs; 9.6% TSR)
Committees: Audit, Management Organization and Compensation

IBIO INC (IBIO)
Thomas Francis Isett 3rd ( 3.7 yrs; -50.5% TSR)

MULTIPLAN CORP (MPLN)
William L Veghte ( 2.2 yrs; -57.2% TSR)

NEWPARK RESOURCES INC (NR)
Anthony James Best ( 9.2 yrs; -11.1% TSR)

PTC THERAPEUTICS INC (PTCT)
Dawn Graham ( 6.9 yrs; 3.8% TSR)
Committees: Audit

QUALTEK SERVICES INC (QTEK)
Sam Chawla ( 1.7 yrs; -72.7% TSR)

ROCKY BRANDS INC (RCKY)
James L Stewart ( 3.2% TSR)
Committees: Compensation

ROCKY BRANDS INC (RCKY)
Glen E Corlett ( 22.9 yrs; 6.9% TSR)
Committees: Audit

ROCKY MOUNTAIN CHOCOLATE FACTORY INC (RMCF)
Sandra E Taylor ( 1.3 yrs; -16.6% TSR)

SPRINKLR INC (CXM)
Matthew Jacobson ( 1.5 yrs; -45.7% TSR)

SWITCH INC (SWCH)
Zareh Hovik Sarrafian ( 5.9 yrs; 12.5% TSR)
Committees: Audit, Nominating (and Governance)

SWITCH INC (SWCH)
Angela N Archon ( 2.1 yrs; 44.6% TSR)
Committees: Compensation, Nominating (and Governance)

SWITCH INC (SWCH)
Bryan E Wolf ( 8.9 yrs; 12.5% TSR)
Committees: Audit, Compensation

SWITCH INC (SWCH)
Donald D Snyder ( 16.9 yrs; 12.5% TSR)
Committees: Compensation, Nominating (and Governance)

SWITCH INC (SWCH)
Jason Genrich ( 1.3 yrs; 33.2% TSR)

SWITCH INC (SWCH)
Kimberly H Sheehy ( 5.0 yrs; 13.8% TSR)
Committees: Audit, Compensation

SWITCH INC (SWCH)
Liane J Pelletier ( 2.1 yrs; 44.6% TSR)
Committees: Nominating (and Governance)

SWITCH INC (SWCH)
Thomas A Thomas ( 18.9 yrs; 12.5% TSR)
Committees: Compensation, Nominating (and Governance)

TENAYA THERAPEUTICS INC (TNYA)
Eli Casdin ( 1.4 yrs; -72.5% TSR)

TFF PHARMACEUTICALS INC (TFFP)
Glenn R Mattes ( 4.6 yrs; -34.9% TSR)

VERITONE INC (VERI)
Nayaki R Nayyar ( 4.2 yrs; -10.4% TSR)
Committees: Compensation

V F CORP (VFC)
Steven E Rendle ( 7.9 yrs; -7.7% TSR)
Committees: FINANCE COMMITTEE, Talent and Compensation

VIVAKOR INC (VIVK)
Al Ferrara ( -70.5% TSR)

WALGREENS BOOTS ALLIANCE INC (WBA)
Steven J Shulman ( .9 yrs; -14.0% TSR)

<a href="https://www.boardroomalpha.com/author/draps/" target="_self">David Drapkin</a>

David Drapkin

Spent his formative years at Goldman Sachs and now embraces the start-up life in NYC. A long suffering Oakland (Las Vegas) Raiders fan and graduate of the Wharton School at the University of Pennsylvania. Semi-professional go-kart racer waiting for his shot.

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