Weekly Executive & Director Moves (Oct 28)

by | Oct 28, 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

ADP, GBLI, GL, HYPR, IE

CFO

BKH, CASH, GL, HGEN, KDP, SKIL, SMPL, VSTO, YETI

Directors

ADP, AIR, AKLI, AMAT, ANDE, APPH, ARCC, ATAX, B, BNIX, CBAN, CFR, CORZ, CUBE, ELV, FCNCA, FEAM, FHTX, FSTR, GBCI, GBLI, GTES, HEAR, HON, IVVD, JRVR, LMNR, MCFT, MO, MRK, NFLX, OTIS, SASR, SCHW, SOND, SYNA, TRUE, UVSP, XOS

CEO Moves

AUTOMATIC DATA PROCESSING INC (ADP)
Leaving: CEO – Carlos A Rodriguez ( 11.2 yrs; 17.6% TSR)
Replaced by: Maria Black

Ms. Black, age 48, has been the President of ADP since January 2022. Prior to that, she was President, Worldwide Sales and Marketing of ADP since February 2020 and served as President, Small Business Solutions and Human Resources Outsourcing from January 2017 to February 2020, as President, ADP TotalSource from July 2014 to December 2016, as General Manager, ADP United Kingdom from April 2013 to J…read full bio

GLOBAL INDEMNITY GROUP LLC (GBLI)
Leaving: CEO – David S Charlton ( 1.5 yrs; -14.8% TSR)
Replaced by: Joseph W Brown

Joseph W. Brown , 73, has served as a director since December 2015. Until December 2017, Mr. Brown served on the board of directors of MBIA, Inc. (NYSE: MBI) and until September 2017, Mr. Brown was the Chief Executive Officer of MBIA, Inc He rejoined MBIA, Inc. in February 2008 as Chairman and Chief Executive Officer and served as Chairman until May 7, 2009. He became Executive Chairman on May 6, …read full bio

GLOBE LIFE INC (GL)
Leaving: CEO – Gary L Coleman ( 10.5 yrs; 13.6% TSR)
Replaced by: James Matthew Darden

Mr. Darden, age 51, has served as Globe Life’s Senior Executive Vice President and Chief Strategy Officer and Mr. Svoboda, age 61, has served as Senior Executive Vice President and Chief Financial Officer, with both men holding those positions since April 2022. Prior thereto, Mr. Darden served as Executive Vice President and Chief Strategy Officer of Globe Life from January 2017 – April 2022 and M…read full bio

HYPERFINE INC (HYPR)
Leaving: CEO – R Scott Huennekens ( .3 yrs; )
Replaced by: Maria Sainz

Ms. Sainz, age 56, has served on the Board since the closing of the Company’s business combination in December 2021. Ms. Sainz also serves as member of the board of directors of ShockWave Medical, Inc., Avanos Medical, Inc. and Atrion Corporation, and was previously on the board of Orthofix Medical Inc., Iridex Corporation and MRI Interventions, Inc Ms. Sainz served as the President and Chief Exec…read full bio

IVANHOE ELECTRIC INC (IE)
Leaving: CEO – Robert Jct Friedland ( .4 yrs; )
Replaced by: Taylor Melvin

Mr. Melvin has over 20 years of experience in the natural resources sector as a senior corporate development professional and investment banker. He was most recently Vice President, Corporate Development for Freeport McMoRan Inc. (NYSE: FCX), a leading international mining company focused on copper, headquartered in Arizona. Prior…read full bio

CFO Moves

BLACK HILLS CORP (BKH)
Leaving: CFO – Richard Kinzley ( 8.3 yrs; 5.9% TSR)
Replaced by: Kimberly F. Nooney

Ms. Nooney, age 51, has 26 years of service with the Company serving in roles of increasing responsibility in the finance, accounting, and corporate strategy and development areas. She has served as the Company’s Vice President, Treasurer and Corporate Controller since June 2018 and Vice President and Treasurer from January 2015 to June 2018. read full bio

GLOBE LIFE INC (GL)
Leaving: CFO – Frank M Svoboda ( 10.5 yrs; 13.6% TSR)
Replaced by: Thomas Peter Kalmbach

Mr. Kalmbach, age 58, has been Executive Vice President and Chief Actuary of Globe Life since January 2019 and Senior Vice President and Chief Actuary of Globe Life’s primary operating subsidiaries, American Income Life Insurance Company, Globe Life And Accident Insurance Company , Liberty National Life Insurance Company and United American Insurance Company since August 2018. Prior thereto, from …read full bio

HUMANIGEN INC (HGEN)
Leaving: CFO – Timothy E Morris ( 2.2 yrs; -89.0% TSR)
Replaced by: Cameron Durrant

Cameron Durrant, M.D., MBA , has served as our Chairman of our Board since January 2016, and as our Chief Executive Officer since March 2016. In addition, Dr. Durrant served as our Interim Chief Financial Officer from July 1, 2019 to July 31, 2020. From May 2014 to January 2016, Dr. Durrant served as Founder and Director of Taran Pharma Limited, a private semi-virtual specialty pharma company deve…read full bio

KEURIG DR PEPPER INC (KDP)
Leaving: CFO – George Lagoudakis ( .3 yrs; )
Replaced by: Sudhanshu Shekhar Priyadarshi

Mr. Priyadarshi holds an MBA from the University of Technology Sydney. In connection with this appointment, the Company entered into a letter agreement with Mr. Priyadarshi on October 21, 2022. Pursuant to this agreement, Mr. Priyadarshi will receive an annual base salary of $850,000 and will be eligible to receive an annual bonus at a target level of 80% of his base salary. He will also be eligib…read full bio

PATHWARD FINANCIAL INC (CASH)
Leaving: CFO – Glen William Herrick ( 6.5 yrs; 10.6% TSR)
Replaced by: Sonja Anne Theisen

Ms. Theisen, 41, has served as Executive Vice President, Governance, Risk, and Compliance of the Company and Pathward, N.A. (the “Bank”) since August 2022. She was previously Executive Vice President and Chief Governance, Risk and Compliance Officer from October 2021 to August 2022, Senior Vice President, Chief of Staff from February 2021 to October 2021, Senior Vice President, Chief Accounting Of…read full bio

SIMPLY GOOD FOODS CO (SMPL)
Leaving: CFO – Todd E Cunfer ( 5.2 yrs; 22.0% TSR)
Replaced by: Shaun Mara

Mr. Mara, age 57, currently serves as the Company’s Senior Vice President of Strategy and Business Development reporting to Joseph E. Scalzo, the Company’s President and Chief Executive Officer. As the Company’s Chief Financial Officer, Mr. Mara will lead the Company’s finance function, including tax, treasury, internal audit, investor relations, external development, corporate financial planning …read full bio

SKILLSOFT CORP (SKIL)
Leaving: CFO – Gary W Ferrera ( 1.1 yrs; -76.2% 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

YETI HOLDINGS INC (YETI)
Leaving: CFO – Paul C Carbone ( 4.3 yrs; 17.4% TSR)
Replaced by: Michael McMullen

Mr. McMullen joined YETI as Head of Financial Planning & Analysis in February 2016 and has served as Vice President of Finance since March 2017. Prior to joining YETI, Mr. McMullen served twelve years with Dell Inc. in various financial roles and five years with PricewaterhouseCoopers. Mr. McMullen holds a B.B.A. in Accounting from Texas A&M University and an M.B.A. from Northwestern University Ke…read full bio

Director Joins

ALTRIA GROUP INC (MO)
Jacinto J Hernandez

Mr. Hernandez served as a partner and investment analyst for Capital Group and its subsidiary, Capital World Investors. He joined the Capital Group companies in August 2000 and retired in June 2022 after having spent 22 years covering a variety of industries, …read full bio

ANDERSONS INC (ANDE)
Steven K. Campbell

Mr. Campbell served as Head of North America Grain and Group Executive Vice President at Louis Dreyfus where he retired in 2017. He has held various leadership positions, including as President and CEO of Louis Dreyfus Commodities Grain Merchandising LLC, where he oversaw all grain tradin…read full bio

APPHARVEST INC (APPH)
Anthony Martin

Anthony Martin, age 66, has served as a member of the board of directors of the Fruit & Vegetable Dispute Resolution Corporation, a non-profit, member-based dispute resolution organization in the fresh produce industry, since May 2018. Previously Mr. Martin served as Chief Financial Officer…read full bio

AUTOMATIC DATA PROCESSING INC (ADP)
Maria Black

Ms. Black, age 48, has been the President of ADP since January 2022. Prior to that, she was President, Worldwide Sales and Marketing of ADP since February 2020 and served as President, Small Business Solutions and Human Resources Outsourcing from January 2017 to February 2020, as President, ADP Tota…read full bio

BANNIX ACQUISITION CORP (BNIX)
Ned L Siegel

Ned L. Siegel, age 71, has had a long and distinguished career as a senior U.S. government official and businessman. He was appointed by then President George W. Bush as the U.S. Ambassador to the Commonwealth of the Bahamas from October 2007 to January 2009. He was also appointed by President Bu…read full bio

BANNIX ACQUISITION CORP (BNIX)
Jamal Khurshid

Jamal “Jamie” Khurshid, age 46, served as an investment banker for over 20 years at Goldman Sachs, Credit Suisse and Royal Bank of Scotland before joining Cinnober Financial Technology, the world’s leading independent exchange and clearing house technology provider, as a se…read full bio

BANNIX ACQUISITION CORP (BNIX)
Douglas Landers Davis

Douglas Davis, age 64, is a seasoned executive with management experience across many areas including M&A, capital raising, sales and business development. Since 2001, Mr. Davis has served as the Managing Partner of CoBuilder, Inc., a consulting organization providing services for large and s…read full bio

COLONY BANKCORP INC (CBAN)
Ms. Audrey Hollingsworth

Ms. Hollingsworth will serve on the Risk Management Committee and Compensation Committee of the Company. Ms. Audrey Hollingsworth, age 60, is the Vice President of People Services at Goodwill Industries of Southern Rivers (“Goodwill”), one of 156 independent, community-based Goodwill nonprofits acro…read full bio

CUBESMART (CUBE)
Jit Kee Chin

Dr. Chin is an Executive Vice President at Suffolk Construction Corporation Inc. (“Suffolk”), a national privately-held general contractor. She has served as the Chief Data Officer (CDO) since 2017, responsible for building new data analytics capabilities for Suffolk, setting vision and strategy, dr…read full bio

CULLEN/FROST BANKERS INC (CFR)
Joseph A. Pierce

Pierce is the senior vice president and general counsel of AMB Sports and Entertainment at The Blank Family of Businesses. In that role he counsels and advises across all areas of the organization, including the Atlanta Falcons, Atlanta United and the PGA Tour Superstores. Previously he h…read full bio

LIMONEIRA CO (LMNR)
Barbara Carbone

Ms. Carbone will also serve as a member of the Board’s Audit and Finance Committee and Risk Management Committee. Ms. Carbone will serve as a director until the Annual Meeting of Stockholders to be held in 2025. Ms. Carbone currently serves on the KPMG Retired Partners Council. From 1981 through Sep…read full bio

SANDY SPRING BANCORP INC (SASR)
Kenneth C Cook

Kenneth C. Cook, 62, became Executive Vice President and Division President of Commercial Banking in 2020. Prior to that, Mr. Cook was the President and Co-CEO of Revere Bank….read full bio

SONDER HOLDINGS INC (SOND)
Prashant Aggarwal

Mr. Aggarwal served as the Chief Financial Officer at Trulia, Inc., an online real estate company, from November 2011 to February 2015. Prior to Trulia, Mr. Aggarwalread full bio

UNIVEST FINANCIAL CORP (UVSP)
Martin P Connor

Mr. Connor is currently the CFO of Toll Brothers, Inc Mr. Connor was previously the CFO and Director of Operations for a diversified commercial real estate development company in the Mid-Atlantic region. Prior to that position, Mr. Connor was an Audit and Advisory Business Services Partner for Ernst…read full bio

Director Exits

AAR CORP (AIR)
H John Gilbertson Jr ( 2.6 yrs; -2.9% TSR)
Committees: Audit, Compensation

AKILI INC (AKLI)
Bharat M Chowrira ( .2 yrs; )

ALTRIA GROUP INC (MO)
W Leo Kiely III ( 11.0 yrs; 10.6% TSR)
Committees: Compensation, Compensation and Talent Development , Executive, Finance , Innovation

AMERICA FIRST MULTIFAMILY INVESTORS LP (ATAX)
Curtis Pollock ( 3.1 yrs; .4% TSR)

APPHARVEST INC (APPH)
Ciara Burnham ( 1.5 yrs; -79.0% TSR)
Committees: Audit, Nominating (and Governance)

BARNES GROUP INC (B)
Patrick Dempsey ( 9.4 yrs; 2.9% TSR)

FIRST CITIZENS BANCSHARES INC (FCNCA)
Daniel L Heavner ( 15.9 yrs; 10.1% TSR)
Committees: Audit

FOSTER L B CO (FSTR)
William H Rackoff ( 26.8 yrs; 3.0% TSR)
Committees: Audit, Compensation

GLOBAL INDEMNITY GROUP LLC (GBLI)
David S Charlton ( 1.5 yrs; -14.8% TSR)

HONEYWELL INTERNATIONAL INC (HON)
George Paz ( 13.8 yrs; 17.0% TSR)
Committees: Audit, Corporate Governance and Responsibility , Management Development and Compensation

INVIVYD INC (IVVD)
Redonda Miller ( .9 yrs; -89.6% TSR)

JAMES RIVER GROUP HOLDINGS LTD (JRVR)
Sundar Srinivasan ( 3.9 yrs; -10.8% TSR)
Committees: Compensation, Investment, Nominating (and Governance)

LIMONEIRA CO (LMNR)
Robert M Sawyer ( 32.8 yrs; -2.3% TSR)
Committees: Audit and Finance , Nominating (and Governance), Philanthropy, Risk Management

MASTERCRAFT BOAT HOLDINGS INC (MCFT)
T J Chung ( 5.8 yrs; 8.5% TSR)
Committees: Compensation, Strategy

MERCK & CO INC (MRK)
Kenneth C Frazier ( 11.8 yrs; 12.0% TSR)

NETFLIX INC (NFLX)
Rodolphe Belmer ( 4.8 yrs; 6.1% TSR)
Committees: Compensation

SYNAPTICS INC (SYNA)
Kiva A Allgood ( 3.4 yrs; 29.2% TSR)
Committees: Compensation, Nominating (and Governance)

TRUECAR INC (TRUE)
Wesley A Nichols ( 5.9 yrs; -26.9% TSR)
Committees: Compensation and Workforce, Executive, Nominating (and Governance)

TURTLE BEACH CORP (HEAR)
Kelly Ann Thompson ( 3.2 yrs; -11.9% TSR)
Committees: Compensation, Compliance and Governance, Nominating (and Governance)

XOS INC (XOS)
Sara Mathew ( 2.0 yrs; -66.9% 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.

More from Boardroom Alpha

SPAC Market Review – November 2022

November’s SPAC market review paints a picture of a SPAC market rushing towards the exit with high, and accelerating liquidations, more deal terminations, and almost no new SPAC IPOs.

Failed Say-on-Pay Votes 2022

The annual (sometimes) Say-on-Pay votes in 2022 highlighted discontent across a range of poor performing companies.

SPACs Today: Thursday, Dec 1

Pacifico Acquisition Corp. (PAFO) are the latest with high redemptions, and the rest of today’s SPAC market news.

Get it In Your Inbox

Subscribe to Boardroom Alpha's research to receive the latest on governance, SPACs, and people.


Know Who Drives Return

Objective, data-driven assessments for every public company director and officer.

Disclaimer

The opinions and information contained herein have been obtained or derived from sources believed to be reliable, but Boardroom Alpha cannot guarantee its accuracy and completeness, and that of the opinions based thereon. 

This report contains opinions and is provided for informational purposes only – it does not constitute investment, legal or tax advice. You should not rely solely upon the research herein for purposes of transacting securities or other investments, and you are encouraged to conduct your own research and due diligence, and to seek the advice of a qualified securities professional before you make any investment.  

None of the information contained in this report constitutes, or is intended to constitute a recommendation by Boardroom Alpha of any particular security or trading strategy or a determination by BA that any security or trading strategy is suitable for any specific person. To the extent any of the information contained herein may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person.  

No representation or warranty, expressed or implied, is made on behalf of Boardroom Alpha as to the accuracy or completeness of the information contained herein. Boardroom Alpha does not accept any liability for any direct, indirect or consequential loss or damage suffered by any person as a result of relying on all or any part of this research and any liability is expressly disclaimed.