Weekly Executive & Director Moves (Oct 14)

by | Oct 14, 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

ANGI, BBAI, DOCU, FIVN, GNLN, GREE, PASG, PAYX, PDCO, RBT, RS

CFO

BLUE, CVGI, DLX, IVVD, PEGY, SCPL, SKIL, SPNT, STRC, SYPR, TRIP, XPO

Directors

ACAD, AKR, ANGI, ARNC, BBAI, COMS, DFLI, DOCU, FFIV, FLNT, FTK, GAIN, GLAD, GOOD, GREE, HASI, HST, ITRI, IVT, LAND, LH, LNW, MAQC, MCFT, MWA, PASG, PDCO, PG, POOL, QSI, RBT, ROST, SBUX, SHC, SJM, SPLK, TRHC, TT, URI, V, XPO

Highlights

  • Starbucks (SBUX) Audit Committee chair Javier Teruel stepped down last week
  • Allan Thygesen, formerly of Google, takes over as DocuSign (DOCU) CEO following founder Dan Springer’s resignation this summer
  • CFO Andrew Hamer swaps DeSPACs going from Velodyne Lidar (VLDR) to become CFO of Sarcos Robotics (STRC)

CEO Moves

ANGI INC (ANGI)
Leaving: CEO – Oisin Hanrahan ( 1.7 yrs; -56.2% TSR)
Replaced by: Joseph Levin

Mr. Levin will also continue to serve in his role as Chief Executive Officer of IAC. Mr. Hanrahan has agreed to provide certain consulting services through December 31, 2022 in order to facilitate a smooth transition. Mr. Levin , age 43, has been a director and Chief Executive Officer of IAC since June 2015. Prior to his appointment as Chief Executive Officer of IAC, Mr. Levin served as Chief Exec…read full bio

BIGBEARAI HOLDINGS INC (BBAI)
Leaving: CEO – Louis R Brothers Jr ( .8 yrs; -87.9% TSR)
Replaced by: Amanda Long

Mrs. Long, 36, joins the Company from International Business Machines Corporation (“IBM”) where she most recently served as Vice President of IT Automation beginning in September 2021. Prior to that role, Mrs. Long held several positions with IBM, including Vice President of its Integration & Application Platform business from May 2021 to September 2021, General M…read full bio

DOCUSIGN INC (DOCU)
Leaving: CEO – Maggie Wilderotter ( .3 yrs; )
Replaced by: Allan C Thygesen

Mr. Thygesen will serve as a Class II director whose term will expire at the Company’s 2023 Annual Meeting of Stockholders, which is the next stockholder meeting at which Class II directors will be elected, and until Mr. Thygesen’s successor shall have been duly elected and qualified, or until Mr. Thygesen’s earlier death, resignation, disqualification or removal. Mr. Thygesen previously served as…read full bio

FIVE9 INC (FIVN)
Leaving: CEO – Rowan M Trollope ( 4.5 yrs; 24.0% TSR)
Replaced by: Michael Burkland

Michael Burkland, age 59, has served as the Chairman or Executive Chairman of the Board of Directors since February 2014. He has been a member of our Board of Directors since January 2008. Mr. Burkland served as our Chief Executive Officer from January 2008 to December 2017 and as our President from January 2012 to December 2017….read full bio

GREENIDGE GENERATION HOLDINGS INC (GREE)
Leaving: CEO – Jeffrey E Kirt ( 1.6 yrs; -92.4% TSR)
Replaced by: David Anderson

Mr. Anderson, 49, has served as President and CEO of Millar Western Forest Products, a privately held, integrated forest products company based in Alberta, Canada, since January 2020, and previous to that in various roles with Millar Western, including as its Chief Operating Officer from 2018 to 2019 and as its Chief Financial Officer from 2016 to 2018. Mr. Anderson also serves as a m…read full bio

GREENLANE HOLDINGS INC (GNLN)
Leaving: CEO – Nicholas Kovacevich ( 1.3 yrs; -95.0% TSR)
Replaced by: Craig A Snyder

Craig Snyder has served as our Chief Commercial Officer since March 2022. Mr. Snyder is an experienced leader with over 20 years of success in driving growth and development of high tech and emerging technology organizations. He has significant experience leading disruptive strategies in new markets and building corporate reputation on a national scale. Mr. Snyder has held senior leadership positi…read full bio

PASSAGE BIO INC (PASG)
Leaving: CEO – Edgar B Cale ( .4 yrs; -76.2% TSR)
Replaced by: William Chou

Dr. Chou previously served as Chief Executive Officer of Aruvant Sciences, Inc., a clinical-stage gene therapy company, from November 2019 to October 2022. Prior to that, Dr. Chou served in various roles of increasing responsibility at Novartis AG (“Novartis”) from 2008 to October 2019, ultimately serving as Vice President and Global Disease Lead for No…read full bio

PATTERSON COMPANIES INC (PDCO)
Leaving: CEO – Mark S Walchirk ( 4.9 yrs; -3.9% TSR)
Replaced by: Donald Zurbay

Mr. Zurbay, age 55, became the Company’s Chief Financial Officer in June 2018. Prior to joining the Company, Mr. Zurbay served as Vice President and Chief Financial Officer at St. Jude Medical, Inc. (“SJM”), a global medical device manufacturer, from August 2012 through the January 2017 acquisition of SJM by Abbott Laboratories. Mr. Zurbay joined SJM in 2003, held various leadership positions incl…read full bio

PAYCHEX INC (PAYX)
Leaving: CEO – Martin Mucci ( 12.1 yrs; 17.0% TSR)
Replaced by: John B Gibson

John B. Gibson 56 Mr. Gibson assumed the role of President and Chief Operating Officer in December 2021. He joined Paychex in May 2013 as Senior Vice President of Service. Prior to joining the Company, Mr. Gibson served as President and Chief Executive Officer for AlphaStaff, a national provider of human resource outsourcing services to small- and medium-sized businesses. Prior to joining AlphaSta…read full bio

RELIANCE STEEL & ALUMINUM CO (RS)
Leaving: CEO – James Donald Hoffman ( 3.9 yrs; 28.2% TSR)
Replaced by: Karla R Lewis

Mrs. Lewis (age 56) has served as a member of the Board and as President since January 15, 2021. Mrs. Lewis joined the Company in 1992 as Corporate Controller and has held various positions of increasing responsibility since then including serving as Chief Financial Officer from 1992 until her promotion to President in 2021. She was promoted to Senior Vice President in 2000, Executive Vice Preside…read full bio

CFO Moves

BLUEBIRD BIO INC (BLUE)
Leaving: CFO – Jason Cole ( .5 yrs; 61.2% TSR)
Replaced by: Katherine Breedis

Ms. Breedis’ appointment will be effective upon Mr. Cole’s departure from the Company on October 14, 2022 (the “Transition Date”). Ms. Breedis, age 59, has served as a Chief Financial Officer Consultant at Danforth Advisors, LLC (“Danforth”), a strategic finance and operations firm with a focus on life sciences companies, since July 2021, where she provides interim chief financial officer and stra…read full bio

COMMERCIAL VEHICLE GROUP INC (CVGI)
Leaving: CFO – Christopher H Bohnert ( 2.0 yrs; -3.5% TSR)
Replaced by: Chung Kin Cheung (“Andy Cheung”)

Mr. Cheung, 47, has more than 25 years of global financial leadership experience at Johnson Controls, where he has been serving as Vice President & Chief Financial Officer of Global Products since December 2017. Prior to that, from October 2015 to November 2017, he was Chief Financial Officer of Johnson Controls Hitachi Air-Conditioning in Tokyo, Japan; from June 2014 to September 2015, h…read full bio

DELUXE CORP (DLX)
Leaving: CFO – Scott C Bomar ( 1.3 yrs; -47.6% TSR)
Replaced by: Chip Zint

Zint joined Deluxe in 2020 and has been serving as Vice President, Corporate Finance. In this role, Zint has been responsible for the company’s analytical, financial plans and policies, meeting regularly with the Board. Zint was instrumental in the company’s successful First American acquisition and has helped with sales driven revenue growth through the company’s One …read full bio

INVIVYD INC (IVVD)
Leaving: CFO – Jane Henderson ( 1.2 yrs; -83.6% TSR)
Replaced by: Frederick W Driscoll

Mr. Driscoll most recently served as the Chief Financial Officer of Renovacor, Inc. (NYSE: RCOR) from March 2022 until his resignation in June 2022. Prior to Renovacor, Mr. Driscoll served as the Chief Financial Officer of Flexion Therapeutics, Inc. from May 2021 to November 2021. He served in the same capacity from 2013 until his retirement from the position in 2017, during which time he led Flex…read full bio

PINEAPPLE ENERGY INC (PEGY)
Leaving: CFO – Kristin Hlavka ( .2 yrs; )
Replaced by: Eric Ingvaldson

Mr. Ingvaldson, age 41, currently serves as the Chief Financial Officer and Chief Operating Officer of Kradle, a pet products company, a position he has held since April 2020. Prior to that, Mr. Ingvaldson served as the Chief Financial Officer and Chief Operating Officer of Hemisphere Companies, a private equity fund, from January 2018 to April 2020. Previously, he held various roles with C.H. …read full bio

SARCOS TECHNOLOGY & ROBOTICS CORP (STRC)
Leaving: CFO – Steven Q Hansen ( 1.1 yrs; -70.5% TSR)
Replaced by: Andrew Hamer

Mr. Hamer, 58, most recently served as the Chief Financial Officer of Velodyne Lidar, a Nasdaq-listed lidar company, a position he has held from April 2019 to May 2022. Mr. Hamer previously served as the Chief Financial Officer for Anomali Inc., a private SaaS-based cybersecurity company, from September 2017 to September 2018, and as Chief Financial Officer for Sungevity Inc., a private technology…read full bio

SKILLSOFT CORP (SKIL)
Leaving: CFO – Gary W Ferrera ( 1.1 yrs; -74.0% TSR)
Replaced by: Richard Walker

Mr. Walker, 58, currently serves as the Company’s Chief Corporate Strategy and Development Officer, a position he has held since June 2021. Mr. Walker will maintain his corporate strategy and development responsibilities following the transition. Mr. Walker previously served as President of SumTotal through its sale by the Company in August 2022. Prior to joining the Company, Mr. Walker was an adv…read full bio

SYPRIS SOLUTIONS INC (SYPR)
Leaving: CFO – Anthony C Allen ( 7.8 yrs; -4.3% TSR)
Replaced by: Richard L Davis

Richard L. Davis Age 68 Richard L. Davis has served as Vice President since January 2018 and as Vice President Audit and Compliance from August 2015 to December 2017. From January 1997 until July 2015, Mr. Davis served as Senior Vice President of Sypris, as Secretary from 1998 to 2003 and as Vice President and Chief Financial Officer of its predecessor from 1985 to 1997. Prior to 1985, Mr. Davis …read full bio

TRIPADVISOR INC (TRIP)
Leaving: CFO – Ernst Teunissen ( 6.9 yrs; -14.3% TSR)
Replaced by: Michael Noonan

Michael Noonan, age 53, is an executive with more than 30 years of experience in various corporate finance and capital markets roles, most recently with large scale global consumer technology and B2B companies. Mr. Noonan is currently the Chief Financial Officer of Noom, Inc., a role he commenced in October 2020. From January 2016 to October 2020, Mr. Noonan served as Senior Vice Pres…read full bio

Director Joins

ACADIA REALTY TRUST (AKR)
Mark A Denien

Mr. Denien has over 20 years of financial experience in real estate investment, having served multiple executive roles from 2005 to October 2022 at Duke Realty Corporation, a publicly traded real estate investment trust in the S&P 500 prior to its recent merger with Prologis, Inc Mr. Denien most rec…read full bio

ARCONIC CORP (ARNC)
Ellis Allen Jones

Mr. Jones was also appointed to the Governance and Nominating Committee of the Board, effective October10, 2022. In connection with Mr. Jones’ appointment, the size of the Board was increased to 11 members. Ellis A. Jones , 56, has served as Vice President and Chief Sustainability Officer of The Goo…read full bio

BIGBEARAI HOLDINGS INC (BBAI)
Amanda Long

Mrs. Long, 36, joins the Company from International Business Machines Corporation (“IBM”) where she most recently served as Vice President of IT Automation beginning in September 2021. Prior to that role, Mrs. Long held several positions with IBM, including Vice President of…read full bio

DOCUSIGN INC (DOCU)
Allan C Thygesen

Mr. Thygesen will serve as a Class II director whose term will expire at the Company’s 2023 Annual Meeting of Stockholders, which is the next stockholder meeting at which Class II directors will be elected, and until Mr. Thygesen’s successor shall have been duly elected and qualified, or until Mr. T…read full bio

FLUENT INC (FLNT)
David A. Graff

Mr. Graff is currently Google’s Vice-President, Global Policy and Standards, responsible for implementing content and behavioral policy across all Google products. Prior to Google, Mr. Graff served as the CEO of Online Intelligence, a technology start-up. Previously, Mr. Graff was Chief Legal Office…read full bio

FLUENT INC (FLNT)
Richard C Pfenniger Jr

Mr. Pfenniger is a private investor with significant executive and operating experience in life science, healthcare and education fields. Mr. Pfenniger served as the Chairman of the Board of Directors and President and Chief Executive Officer of Continucare Corporation, a provider of primary care ph…read full bio

GREENIDGE GENERATION HOLDINGS INC (GREE)
David Anderson

Mr. Anderson, 49, has served as President and CEO of Millar Western Forest Products, a privately held, integrated forest products company based in Alberta, Canada, since January 2020, and previous to that in various roles with Millar Western, including as its Chief Operating Officer from 201…read full bio

HOST HOTELS & RESORTS INC (HST)
Diana Laing

Ms. Laing will serve until the next annual meeting of stockholders of the Company and until her successor is duly elected and qualified. Ms. Laing was also appointed to the Audit Committee of the Board effective November 7, 2022. Ms. Laing is a seasoned corporate finance executive with a career focu…read full bio

INVENTRUST PROPERTIES CORP (IVT)
Smita Shah

Ms. Shah serves on several civic boards and commissions, including Commissioner for the White House Advisory Commission on Asian Americans, Native Hawaiians, and Pacific Islanders, Co– Chairperson the Council of Regents for Loyola University of Chicago, and Member of the M.I.T. Corporation …read full bio

ITRON INC (ITRI)
Mary C. Hemmingsen

Since 2017, Ms. Hemmingsen, age 58, has served in a variety of board and executive advisory roles for energy industry organizations. From 2013 to 2017, Ms. Hemmingsen was a partner at KPMG in its strategy practice and was power utilities industry lead. From 2009 to 2012, she held senior executi…read full bio

MASTERCRAFT BOAT HOLDINGS INC (MCFT)
Kamilah Mitchell- Thomas

Ms. Mitchell-Thomas currently serves as the Senior Vice President, People at Roku, Inc., where she is responsible for Roku’s staffing, Human Resources, Inclusion & Talent Development and Workplace Services. Prior to joining Roku, Inc., Ms. Mitchell-Thomas was Chief People Officer at Dow…read full bio

PASSAGE BIO INC (PASG)
William Chou

Dr. Chou previously served as Chief Executive Officer of Aruvant Sciences, Inc., a clinical-stage gene therapy company, from November 2019 to October 2022. Prior to that, Dr. Chou served in various roles of increasing responsibility at Novartis AG (“Novartis”)…read full bio

PATTERSON COMPANIES INC (PDCO)
Donald Zurbay

Mr. Zurbay, age 55, became the Company’s Chief Financial Officer in June 2018. Prior to joining the Company, Mr. Zurbay served as Vice President and Chief Financial Officer at St. Jude Medical, Inc. (“SJM”), a global medical device manufacturer, from August 2012 through the January 2017 acquisition …read full bio

POOL CORP (POOL)
James D Hope

James D. Hope to serve as a director upon recommendation of the Nominating and Corporate Governance Committee and increased the size of the Board from ten to eleven members. The Board appointed Mr. Hope to serve effective October 10, 2022, until the 2023 annual meeting of shareholders, at which time he wi…read full bio

QUANTUM-SI INC (QSI)
Jeffrey Hawkins

Mr. Hawkins, age 44, served as President and Chief Executive Officer of Truvian Sciences, Inc. from January 2018 through July 2022 and then as a technical advisor from August 2022 through September 2022. As Chief Executive Officer of Truvian Sciences, he led the evolution of the company’s benchtop b…read full bio

ROSS STORES INC (ROST)
Edward G. Cannizzaro

Mr. Cannizzaro spent over 35 years at KPMG, a global professional services firm providing audit, tax, and advisory services, where he held various leadership, auditing, and consulting roles. Mr. Cannizzaro served as the Global Head of Quality, Risk, and…read full bio

XPO LOGISTICS INC (XPO)
Bella Loykhter Allaire

Bella Allaire is executive vice president of technology and operations with Raymond James Financial, and the former chief information officer of UBS Wealth Management Americas.

read full bio

Director Exits

ANGI INC (ANGI)
Oisin Hanrahan ( 1.7 yrs; -56.2% TSR)

BIGBEARAI HOLDINGS INC (BBAI)
Louis R Brothers Jr ( .8 yrs; -87.9% TSR)

COMSOVEREIGN HOLDING CORP (COMS)
Brent M Davies ( 2.9 yrs; -68.5% TSR)

DRAGONFLY ENERGY HOLDINGS CORP (DFLI)
Roderick Hardamon ( 1.6 yrs; 12.8% TSR)

DRAGONFLY ENERGY HOLDINGS CORP (DFLI)
Jory Des Jardins ( 1.6 yrs; 12.8% TSR)

DRAGONFLY ENERGY HOLDINGS CORP (DFLI)
Steven Urbach ( 1.6 yrs; 12.8% TSR)

GREENIDGE GENERATION HOLDINGS INC (GREE)
Jeffrey E Kirt ( 1.6 yrs; -92.4% TSR)

J M SMUCKER CO (SJM)
Richard K Smucker ( 47.8 yrs; 10.3% TSR)

MAQUIA CAPITAL ACQUISITION CORP (MAQC)
Patrick Francis Orlando ( 1.4 yrs; 2.4% TSR)

PATTERSON COMPANIES INC (PDCO)
Mark S Walchirk ( 4.9 yrs; -3.9% TSR)

SPLUNK INC (SPLK)
Stephen G Newberry ( 9.8 yrs; 11.2% TSR)
Committees: Compensation, Talent & Compensation

STARBUCKS CORP (SBUX)
Javier G Teruel ( 17.1 yrs; 13.3% TSR)
Committees: Audit and Compliance , Compensation and Management Development

<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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