Weekly Executive & Director Moves (Oct 21)

by | Oct 21, 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

BOCN, CONN, FIS, GDOT, MOFG, MRVI, POL, PPG, RBT, REEMF, SRRK, TPB, XGN, ZY

CFO

ALLY, APRN, CARS, CHRA, DLX, ENZ, EXC, JWN, MSA, OLLI, RKLY, SPNT, TIPT

Directors

AMCX, AMNB, APRN, ATRI, AVB, BKNG, BSQR, CCXI, CEG, CONN, FCN, FCPT, FIS, GDOT, GETY, HIG, HOFT, KIDS, MCO, MLKN, MVBF, OLPX, PAYX, PLUS, PPG, PYXSQ, RBOT, RBT, REEMF, RILY, RUBY, RYAM, SABR, SHAK, SHLX, SNCY, SOND, SRRK, SVIIU, THRX, TPB, TRST, TT, USB, VSTM, XGN

Highlights

  • Stephanie Ferris was announced as the next CEO of Fidelity National Informational Services (FIS) and will take over from Gary Norcross in January. Norcross has been at the helm for nearly 8 years and sports a 4.2% TSR during his tenure. Ferris, who was previously President, will also join the board.
  • PPG Industries (PPG) COO Tim Knavish will take over as CEO of the company next year, succeeding Michael McGarry.
  • The DOJ raised concerns about potentially interlocked boards, causing directors to resign from five companies

CEO Moves

BLUE OCEAN ACQUISITION CORP (BOCN)
Leaving: CEO – Marcus Brauchli ( .1 yrs; )
Replaced by: Richard Leggett

Richard Leggett is an accomplished global chief executive in the information services, financial services and professional services industries with over 32 years of experience and an      entrepreneurial track record in all aspects of growing and operating a global business. Over the last 16 years, Mr. Leggett has served as CEO of three PE-backed technology-enabled inform…read full bio


CONNS INC (CONN)
Leaving: CEO – Chandra R Holt ( 1.2 yrs; -60.4% TSR)
Replaced by: Norman Miller

Mr. Miller will maintain his position as a member of the Board and as chair of the Board’s Compliance Committee. Mr. Miller will succeed Chandra Holt. Mr. Miller, 61, most recently served as President and Chief Executive Officer of the Company from September 7, 2015 through August 8, 2021. From August 8, 2021 until April 1, 2022, Mr. Miller served as Executive Chairman of the Board, and since that…read full bio

EXAGEN INC (XGN)
Leaving: CEO – Fortunato R Rocca ( 10.8 yrs; -43.3% TSR)
Replaced by: John Aballi

Mr. Aballi has also assumed the duties of the Company’s principal executive officer for Securities and Exchange Commission (“SEC”) reporting purposes. Prior to joining the Company, Mr. Aballi served in multiple leadership roles at Veracyte, Inc., including GM, Urology and CLIA COO of Veracyte, Inc. since January of 2022, and SVP, Operations and Sales, Urologic Cancer, from April 2021 to January 20…read full bio

FIDELITY NATIONAL INFORMATION SERVICES INC (FIS)
Leaving: CEO – Gary Norcross ( 7.9 yrs; 4.2% TSR)
Replaced by: Stephanie Ferris

Stephanie L. Ferris has served as President of FIS since February 8, 2022. Ms. Ferris previously served as Corporate Executive Vice President and Chief Administrative Officer since September 2, 2021. Prior to this position, Ms. Ferris served as Corporate Executive Vice President and Chief Operating Officer of FIS from August 1, 2019 to September 2020. Prior to this position, Ms. Ferris served as C…read full bio

GREEN DOT CORP (GDOT)
Leaving: CEO – Daniel R Henry ( 2.6 yrs; -19.1% TSR)
Replaced by: George W Gresham

Mr. Gresham will continue to serve as a member of the Board. Mr. Gresham, age 55 , has served as the Company’s Chief Financial and Operating Officer and as a member of the Board since October 2021. Mr. Gresham previously served on the Company’s Board of Directors from May 2016 to May 2019. Mr. Gresham also previously served on the board of directors of EML Payments (EML.AX), an Australian payment …read full bio

MARAVAI LIFESCIENCES HOLDINGS INC (MRVI)
Leaving: CEO – William “Trey” Martin, III ( .1 yrs; )
Replaced by: Carl Hull

Carl Hull has served as our Chief Executive Officer since he co-founded Maravai in March 2014. Mr. Hull has served on our Board since November 2020 and has served as a member of MLSH 1’s board since March 2016. Mr. Hull brings over 35 years of sales, marketing and general management leadership in the diagnostics and life sciences industries. From 2009 to 2012, Mr. Hull was Chief Executive Officer …read full bio

POLISHEDCOM INC (POL)
Leaving: CEO – Albert Fouerti ( 1.2 yrs; -76.4% TSR)
Replaced by: J.E. “Rick” Bunka

Mr. Bunka, 63, has extensive executive leadership experience in the retail sector, including holding senior roles at public and private companies with national footprints and strong growth trajectories. Mr. Bunka has developed highly regarded expertise in Hardline, Softline and Specialty retailing over a career spanning three decades. Since 2019, Mr. Bunka co-founded and has served as Partner o…read full bio

PPG INDUSTRIES INC (PPG)
Leaving: CEO – Michael H McGarry ( 7.3 yrs; 3.2% TSR)
Replaced by: Timothy M Knavish

Mr. Knavish was not selected as a director of the Company pursuant to any arrangement or understanding between Mr. Knavish and any other person or entity. The Board of Directors did not appoint Mr. Knavish to serve on any committees of the Board due to his position as an executive officer of the Company. Mr. Knavish became Chief Operating Officer of the Company on March 1, 2022. He previously serv…read full bio

RUBICON TECHNOLOGIES INC (RBT)
Leaving: CEO – Nathaniel Morris ( .2 yrs; )
Replaced by: Phil Rodon

Phil Rodoni has served as Rubicon’s chief technology officer since 2015. He came to Rubicon from Esurance where he held the role of vice president of software development and, prior to that, worked in senior technology positions at Charles Schwab Corporation and Travelzoo. Mr. Rodoni holds a Bachelor of Arts (BA) in Economics from the University of California at Berkeley, and a Master of …read full bio


SCHOLAR ROCK HOLDING CORP (SRRK)
Leaving: CEO – Nagesh K Mahanthappa ( 1.3 yrs; -36.1% TSR)
Replaced by: Jay T Backstrom

Dr. Backstrom, 68, served as Executive Vice President, Research and Development, at Acceleron Pharma from December 2019 up through the completion of the Merck acquisition in December 2021. He previously served in various positions of increasing responsibility at Celgene Corporation from 2008 through the completion of the Bristol Myers Squibb-Celgene merger in November 2019, most recently holdin…read full bio

TURNING POINT BRANDS INC (TPB)
Leaving: CEO – Yavor Efremov ( .8 yrs; -48.6% TSR)
Replaced by: Graham Purdy

Mr. Purdy will be the Company’s principal executive officer. Mr. Purdy, age 50, has served as Chief Operating Officer of the Company since November 2019 after serving as President of the Company’s New Ventures Division since December 2017. Mr. Purdy joined the Company in 2004 and has held various leadership positions since that time. Prior to joining the Company, Mr. Purdy spent seven years at Phi…read full bio

CFO Moves

ALLY FINANCIAL INC (ALLY)
Leaving: CFO – Jennifer A Laclair ( 4.6 yrs; 3.0% TSR)
Replaced by: Bradley Brown

Bradley J. Brown has been appointed Interim Chief Financial Officer and an officer under Section 16 of the Securities Exchange Act of 1934 effective that same time. Mr. Brown, 56, has served as the Corporate Treasurer of Ally since November 2013. In this role, he is responsible for Ally’s capital, funding and liquidity, asset-liability and interest rate risk management, and Ally Bank’s investments…read full bio

BLUE APRON HOLDINGS INC (APRN)
Leaving: CFO – Randy J Greben ( 1.8 yrs; -30.7% TSR)
Replaced by: Mitchell Cohen

Mr. Cohen, age 66, has more than 25 years of financial, operations and general business experience as a senior executive, including for several public and private companies. Since January 2018, he has provided financial consulting and chief financial officers services to a variety of public and private companies, most recently as an employee of Randstad Professionals US, LLC d/b/a Tatum (“Tatum”),…read full bio

CARSCOM INC (CARS)
Leaving: CFO – Jandy Tomy ( .5 yrs; -30.7% TSR)
Replaced by: Sonia Jain

Sonia Jain Chief Financial Officer Age: 41 Sonia has served as Chief Financial Officer since July 2020. She leads accounting, finance and analytics, treasury, investor relations, and strategic planning. Prior to joining Cars.com, Sonia spent 10 years in various finance roles with Outerwall and Redbox, an innovative consumer-facing media and technology Company now owned by Apollo Global Management….read full bio

CHARAH SOLUTIONS INC (CHRA)
Leaving: CFO – Roger D Shannon ( 3.3 yrs; -28.2% TSR)
Replaced by: Jonathan Batarseh

Mr. Batarseh is a licensed Certified Public Accountant (CPA) with more than 20 years of corporate finance and accounting experience in the engineering and construction industries. He joins the Company from Brown & Root Industrial Services, a partnership between KBR (NYSE: KBR) and Bernhard Capital Partners (BCP) providing engineering, procurement, and construction services, where he was C…read full bio

DELUXE CORP (DLX)
Leaving: CFO – Scott C Bomar ( 1.3 yrs; -48.3% 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

EXELON CORP (EXC)
Leaving: CFO – Joseph Nigro ( 4.4 yrs; 3.1% TSR)
Replaced by: Jeanne Jones

Ms. Jones, age 43, has been Exelon’s Senior Vice President, Corporate Finance, since November 8, 2021, and previously served as Senior Vice President, Chief Financial Officer and Treasurer of ComEd since June 11, 2018, and as Vice President, Nuclear Finance of Exelon Generation Company, LLC from October 2014 until 2018….read full bio

MSA SAFETY INC (MSA)
Leaving: CFO – Jonathan D Buck ( .2 yrs; )
Replaced by: Lee B McChesney

Mr. McChesney joined The Stanley Works in 1999. Initially, he served in several finance and business leadership roles including business unit Chief Financial Officer, Corporate Financial Planning & Analysis Director and deploying the Stanley Fulfillment System. Over his career, Mr. McChesney has helped guide more than 40 …read full bio

NORDSTROM INC (JWN)
Leaving: CFO – Anne L Bramman ( 5.5 yrs; -12.8% TSR)
Replaced by: Maher Michael

Mr. Maher, age 49, is currently the Company’s Chief Accounting Officer, a role he has held since 2020. While acting as interim Chief Financial Officer, Mr. Maher will serve as the Company’s principal financial officer and principal accounting officer. Mr. Maher previously served as the Company’s Senior Vice President, Finance, from 2017 to 2020, held various leadership finance…read full bio

OLLIE’S BARGAIN OUTLET HOLDINGS INC (OLLI)
Leaving: CFO – John W Swygert ( .3 yrs; )
Replaced by: Robert F Helm

Mr. Helm, 43, will report to John Swygert, President and Chief Executive Officer, and will lead the Accounting, Financial Planning and Analysis, Financial Reporting and Compliance, and Investor Relations teams. Most recently Mr. Helm served as Chief Financial Officer of The Children’s Place, Inc. (“TCP”), a children’s specialty apparel retailer. After joining TCP in 2016 as Vice President and Cont…read full bio

SIRIUSPOINT LTD (SPNT)
Leaving: CFO – David W Junius ( 2.0 yrs; -19.5% TSR)
Replaced by: Steve Yendall

Mr. Yendall, age 47, previously served as the Managing Director of Guy Carpenter Inc., a company providing global risk and reinsurance solutions and a subsidiary of Marsh & McLennan Companies, Inc. He served in this role from 2021 through 2022. Prior to this role, he served as the Chief Financial Officer and Chief Operating Officer of RSA Canada Group (“RSA”), a Canadian …read full bio

Director Joins

AMC NETWORKS INC (AMCX)
Matthew Blank

Mr. Blank was the Interim Chief Executive Officer of the Company from September 2021 until September 2022. Mr. Blank was an advisor to Showtime Networks, Inc. (“Showtime”) from January 2018 to December 2018, after serving as Chairman of Showtime from January 2016 to December 2017. Prior to that, Mr….read full bio

AVALONBAY COMMUNITIES INC (AVB)
Charles E Mueller Jr

Mr. Mueller, 59, retired in October 2021 from full time executive leadership positions after serving, since May 2018, as Chief Executive Officer at Progress Residential, one of the largest providers of single-family rental homes in the United States. Mr. Mueller remained as an employee and adviso…read full bio

EPLUS INC (PLUS)
Renee R Bergeron

Renée Bergeron serves as Chief Operating Officer of AppDirect, and a member of the global AppDirect Executive team. In this role she provides AppDirect leadership and strategic vision, and oversees technical support, customer operations, and customer success on a global basis. She leads …read full bio

EXAGEN INC (XGN)
John Aballi

Mr. Aballi has also assumed the duties of the Company’s principal executive officer for Securities and Exchange Commission (“SEC”) reporting purposes. Prior to joining the Company, Mr. Aballi served in multiple leadership roles at Veracyte, Inc., including GM, Urology and CLIA COO of Veracyte, Inc. …read full bio

FIDELITY NATIONAL INFORMATION SERVICES INC (FIS)
Stephanie Ferris

Stephanie L. Ferris has served as President of FIS since February 8, 2022. Ms. Ferris previously served as Corporate Executive Vice President and Chief Administrative Officer since September 2, 2021. Prior to this position, Ms. Ferris served as Corporate Executive Vice President and Chief Operating …read full bio

MOODYS CORP (MCO)
Jose Minaya

Mr. Minaya has served as CEO of Nuveen, a TIAA Company, since 2020, earlier serving as Chief Investment Officer and President. Prior to Nuveen, he led TIAA’s Global Real Assets division, setting strategy and developing investment capabilities across real estate, agriculture, timber, in…read full bio

PAYCHEX INC (PAYX)
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 …read full bio

PPG INDUSTRIES INC (PPG)
Timothy M Knavish

Mr. Knavish was not selected as a director of the Company pursuant to any arrangement or understanding between Mr. Knavish and any other person or entity. The Board of Directors did not appoint Mr. Knavish to serve on any committees of the Board due to his position as an executive officer of the Com…read full bio

RUBICON TECHNOLOGIES INC (RBT)
Phil Rodon

Phil Rodoni has served as Rubicon’s chief technology officer since 2015. He came to Rubicon from Esurance where he held the role of vice president of software development and, prior to that, worked in senior technology positions at Charles Schwab Corporation and Travelzoo. Mr. Rodoni holds …read full bio

SABRE CORP (SABR)
Rachel A Gonzalez

Ms. Gonzalez served as Executive Vice President, General Counsel, Law and Corporate Affairs of Starbucks Corporation, a premier roaster, marketer and retailer of specialty coffee, from 2018 to 2022, and as its Corporate Secretary from 2018 to 2021. Prior to joining Starbucks, Ms. Gonzalez served as …read full bio

SCHOLAR ROCK HOLDING CORP (SRRK)
Jay T Backstrom

Dr. Backstrom, 68, served as Executive Vice President, Research and Development, at Acceleron Pharma from December 2019 up through the completion of the Merck acquisition in December 2021. He previously served in various positions of increasing responsibility at Celgene Corporation from 2008 thro…read full bio

SHAKE SHACK INC (SHAK)
Lori George Billingsley

Ms. Billingsley was appointed to serve as a Class I director who will stand for election at the 2025 Annual Meeting of Stockholders. The Board has determined that Ms. Billingsley is independent under the listing standards of the New York Stock Exchange and the Company’s Corporate Governance Guidelin…read full bio

SONDER HOLDINGS INC (SOND)
Sanjay D Banker

Mr. Banker’s last day as the Company’s President and Chief Financial Officer is expected to be December 31, 2022. The Company, through one of its U.S. subsidiaries, and Mr. Banker entered into an agreement, dated October 15, 2022 (the ” Agreement “), relating to the transition of Mr. Banker’s servic…read full bio

SPRING VALLEY ACQUISITION CORP II (SVIIU)
Richard J Thompson

Richard Thompson will serve as a board member upon the closing of this offering. Mr. Thompson served as a member of the board of directors of Spring Valley I from its inception in November 2020 until the closing of the NuScale merger in May 2022. Mr. Thompson has over 35 years of international busin…read full bio

TRANE TECHNOLOGIES PLC (TT)
Mark R George

Mr. George is currently the Executive Vice President and Chief Financial Officer of Norfolk Southern Corporation (“Norfolk Southern”), a position he has held since November 2019. Prior to joining Norfolk Southern, Mr. George served as Vice President, Finance and Chief Financial Officer at segments o…read full bio

TRUSTCO BANK CORP N Y (TRST)
Alejandro “Alex” M. SanchezMr. Sanchez is the President and Chief Executive Officer of the Florida Bankers Association, has previous public company and non-profit board experience, has served on federal boards and agencies under several US Presidents, has had gubernatorial appointments in Florida, has a juris …read full bio

TURNING POINT BRANDS INC (TPB)
Graham Purdy

Mr. Purdy will be the Company’s principal executive officer. Mr. Purdy, age 50, has served as Chief Operating Officer of the Company since November 2019 after serving as President of the Company’s New Ventures Division since December 2017. Mr. Purdy joined the Company in 2004 and has held various le…read full bio

US BANCORP (USB)
Loretta E Reynolds

Reynolds, 57, retired as a 3-star lieutenant general after a distinguished 35-year career in the United States Marine Corps. She is the third woman to be promoted to lieutenant general (3-star) in t…read full bio

VICARIOUS SURGICAL INC (RBOT)
Beverly A Huss

Ms. Huss will serve for a term to continue until the Company’s next annual meeting of stockholders. Beverly Huss, age 62, serves as executive chair of the board of directors of Madorra, Inc, a privately-held medical device company developing solutions to improve quality of life after menopause. She …read full bio

Director Exits

ATRION CORP (ATRI)
Maria Sainz ( 1.2 yrs; -3.0% TSR)
Committees: Compensation, Nominating (and Governance)

BLUE APRON HOLDINGS INC (APRN)
Peter Faricy ( 2.0 yrs; -28.9% TSR)
Committees: Compensation, Nominating (and Governance)

B RILEY FINANCIAL INC (RILY)
Mikel H Williams ( 7.0 yrs; 32.1% TSR)
Committees: Audit, Nominating (and Governance)

BSQUARE CORP (BSQR)
Davin Cushman ( 4.0 yrs; -15.2% TSR)
Committees: Compensation, Nominating (and Governance)

CONNS INC (CONN)
Chandra R Holt ( 1.2 yrs; -60.4% TSR)

EXAGEN INC (XGN)
Fortunato R Rocca ( 10.8 yrs; -43.3% TSR)

FOUR CORNERS PROPERTY TRUST INC (FCPT)
Eric Hirschhorn ( 4.9 yrs; 3.9% TSR)
Committees: Compensation, Investment

FTI CONSULTING INC (FCN)
Nicole S Jones ( .6 yrs; 27.3% TSR)

GREEN DOT CORP (GDOT)
Daniel R Henry ( 2.6 yrs; -19.1% TSR)

MILLERKNOLL INC (MLKN)
Mary Vermeer Andringa ( 23.2 yrs; .1% TSR)
Committees: Executive , Governance and Corporate Responsibility, Nominating (and Governance)

OLAPLEX HOLDINGS INC (OLPX)
Tiffany Walden ( 1.0 yrs; -58.3% TSR)

ORTHOPEDIATRICS CORP (KIDS)
Stephen F Burns ( 5.5 yrs; 20.0% TSR)
Committees: Nominating (and Governance)

PPG INDUSTRIES INC (PPG)
Michael H McGarry ( 8.8 yrs; 1.7% TSR)
Committees: Technology and Environment

PYXUS INTERNATIONAL INC (PYXSQ)
Holly Kim Olson ( 2.2 yrs; )

RARE ELEMENT RESOURCES LTD (REEMF)
Randall John Scott ( 10.8 yrs; -21.1% TSR)

RUBIUS THERAPEUTICS INC (RUBY)
David R Epstein ( 5.8 yrs; -61.1% TSR)
Committees: Nominating (and Governance), Science and Technology

SHELL MIDSTREAM PARTNERS LP (SHLX)
James J Bender ( 8.0 yrs; -2.2% TSR)

SHELL MIDSTREAM PARTNERS LP (SHLX)
Rob L Jones ( 8.0 yrs; -2.2% TSR)

SHELL MIDSTREAM PARTNERS LP (SHLX)
Fierro A Carlos ( 7.8 yrs; -3.1% TSR)

SUN COUNTRY AIRLINES HOLDINGS INC (SNCY)
Patrick Michael Kearney ( 1.6 yrs; -41.3% TSR)

TURNING POINT BRANDS INC (TPB)
Yavor Efremov ( -32.2% TSR)

VICARIOUS SURGICAL INC (RBOT)
Dror Berman ( 1.1 yrs; -59.7% TSR)

VICARIOUS SURGICAL INC (RBOT)
Samir Kaul ( 1.1 yrs; -59.7% 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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