CFO Appointments

Vesta Taps Shimon Steinmetz as Chief Financial Officer

Published on

1 February 2023

Vesta, a leading global transaction guarantee platform for online purchases, today announced the hiring of corporate transformation leader, Shimon Steinmetz, as Chief Financial Officer.

Steinmetz brings over 20 years of experience partnering with management teams and private equity investors to boost operational performance and maximize stakeholder value. Most recently, Steinmetz was a Senior Director at Alvarez & Marsal in the CFO Services & Transformation practice, where he specialized in helping clients tackle their most complex business issues to deliver quantifiable value increases across the company.

Steinmetz’s prior CFO experience includes serving as CFO at MerchantE in Atlanta, GA, where he executed an enterprise transformation that delivered a significant increase in enterprise value, as well as CFO of Finjan Holdings, a behavior-based cybersecurity firm that went public on Nasdaq under Steinmetz’s leadership.

“We are thrilled to have Shim join our leadership team during an exciting time of growth for the company,” said Ron Hynes, CEO of Vesta. “He has a stellar record of delivering tangible results and creating long-term, sustainable value. The breadth of his experience will be invaluable as he supports our operations to meet global demand for our services.”

As CFO, Steinmetz will lead Vesta’s global finance organization and activities including performance improvement, financial operations, corporate development, investor sourcing, technology transformation, stakeholder management, and more. He will report directly to the CEO of the company, Ron Hynes, and will be based out of Vesta’s Atlanta, GA office.

“I am excited to join a company that’s working to help businesses grow and succeed worldwide by eliminating fraud and increasing approval rates,” said Shimon Steinmetz, CFO of Vesta. “I look forward to supporting the company’s operations as it continues to scale and cement its leadership within the fraud prevention and transaction approval ecosystem, across industries.”

Steinmetz started his technology career as an investment professional at TH Lee Putnam Ventures and as a technology investment banker at Cantor Fitzgerald. Earlier in his career, Shimon worked in fixed-income capital markets at Salomon Smith Barney and investment banking at Goldman Sachs. He received his MBA from the University of Chicago Booth School of Business and his undergraduate degree from Yeshiva University.

BDP International Appoints New Finance Leadership 

Published on

30 January 2023

BDP International has announced Vincent Ng and Eileen Graber as Chief Financial Officer (CFO) and Deputy Chief Financial Officer, respectively.

The logistics provider made the announcement on 18 January. Vincent Ng will oversee all aspects of BDP’s financial operations throughout its global network of wholly owned subsidiaries, joint ventures, and strategic partnerships. BDP has over 130 locations around the globe, with over 5,500 employees serving customers across a wide range of industry verticals. 

This appointment occurs not a year after PSA completed its acquisition of BDP International following formal approvals from the relevant authorities. In a statement released by PSA, it was noted that Ng’s tenure as a key member of the PSA leadership team in various roles and locations around the globe, alongside his vast experience as a financial executive, were both major factors in his appointment. 

His expertise and keen knowledge of finance were reportedly a driving force in PSA’s success in pivotal markets such as South Asia, Antwerp, and Mersin, Turkey.  Most recently, Ng held the role of Regional CFO over Europe, the Mediterranean, and the Americas, where he oversaw financial aspects of all PSA companies within the regions while also managing business development strategies and initiatives. 

Ng is a Certified Public Accountant (CPA) and serves as a Director of the Board for several PSA companies. Eileen Graber will serve as Deputy CFO, supporting and strengthening BDP’s financial operations through her experience in finance, accounting, cash management, performance, reporting, and strategic planning. 

Most recently, Graber served as CFO over the Americas region, where she was instrumental in driving efficiency and identifying new processes for business enhancement, while also improving reporting functionality. Graber is a CPA, Master of Business Administration (MBA), and Chartered Global Management Accountant (CGMA).

“Each of these executives bring extensive business acumen and experience in leading highly successful supply chain enterprises that are unmatched in today’s industry climate,” said BDP Chief Executive Officer and President, Mike Andaloro.   

Intertek Group Plc Appoints New CFO

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25 January 2023

Newly Appointed CFO of Intertek Group Plc, Dipesh Patel.

Intertek Group Plc, British multinational assurance, inspection, product testing and certification company has appointed Dipesh Patel as its new chief financial officer (CFO). 

Dipesh Patel is an established CIMA qualified Commercial and Financial leader with over 18 years of experience. He has had a successfully progressive career within the Commercial and Finance profession including a widely developed international experience in regional financial roles across the UK, Philippines, Malaysia, Singapore and China.

Prior to his appointment, he was the finance director for Volvo Cars, Swedish multinational manufacturer of luxury vehicles. In his LinkedIn post, he thanked his colleagues and friends at Volvo for a fantastic 4.5 years before embarking on a new journey as a CFO. 

EY Announces Jamie Miller Will Serve As EY Global CFO

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11 January 2023

EY today announced the appointment of Jamie Miller as Global CFO, and CFO of the proposed new public entity.

Miller has substantial public company experience including as CFO of both Cargill and the General Electric (GE) Company. Her deep financial management experience and global outlook bring a valuable skill set to EY now and as it moves forward with its proposed transformation.

Carmine Di Sibio, EY Global Chairman and CEO stated, “We are thrilled to have Jamie as part of our team. Her skill set, experience in the public markets and business depth will be a crucial asset for our organization as we undergo this transition”.

The selection of Miller is another step in the separation process outlined last year. EY is moving forward in a thoughtful and deliberate manner, making strong progress on the path to partner votes. This bold move to separate the organization will enable EY to embrace the changing landscape, build businesses that redefine the future of the profession, create exciting new opportunities, and deliver greater long-term value for EY people, clients and communities.

“I am excited to join EY.  I believe in the core values, vision and potential of the future company. It is a unique opportunity to be part of what will be one of the most disruptive strategies in any industry this decade,” said Miller.

Julie Boland, EY US Chair and Managing Partner and Americas Area Managing Partner and who was recently selected Global Chair and CEO of the proposed AssureCo entity, added, “EY is proud to announce that Jamie is joining EY as its global CFO. She has a rich portfolio of experience, including working in the Big Four and the CFO of both private and public companies. Her experience is very relevant, and she will bring great insight into the split that EY is working through.”

During the next several weeks, EY plans to name additional leaders to a range of positions in the two proposed post-split organizations that will result if the voting by partners is successful.  

Jamie Miller joined Cargill in June 2021 as Corporate Senior Vice President and Chief Financial Officer. She was appointed Head of Corporate Strategy in April 2022 and is a member of Cargill’s Executive team.

Throughout her career, Miller has led through challenge and transformation while focusing on people, innovation, simplification and accelerating performance and growth. She has leveraged technology to increase competitiveness, and has extensive experience in effective, transparent communication with stakeholders and investors, and in managing complex M&A, audit and risk.

Before joining Cargill, Jamie served as Senior Vice President and Chief Financial Officer for GE. She began her tenure at GE in 2008 as Vice President, Controller and Chief Accounting Officer, and went on to become GE’s Chief Information Officer where she led the company’s global information technology strategy, services and operations. Jamie also served as President and CEO of GE Transportation, a global technology leader and supplier for the rail, mining, marine, stationary power and drilling industries.

Prior to joining GE, Jamie was Senior Vice President and Controller of WellPoint (now Anthem), managing investor relations, controllership, financial planning and analysis, tax and financial systems for the company. She was also a partner at PricewaterhouseCoopers.

Duroflex Appoints Rajat Rastogi As New CFO

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6 January 2022

Rajat Rastogi, CFO of Duroflex

Sleep solutions brand Duroflex has appointed Rajat Rastogi as chief financial officer (CFO).

The appointment is a step towards the company’s vision, which aims to go public in 3-4 years. As a key member of Duroflex’s executive leadership team, all facets of finance and accounting will be overseen by Rastogi as the company embarks on an exceptional growth phase.

Rastogi has over 20 years of corporate finance experience across a variety of industries, from FMCG to E-Commerce. Previously, he held the role of finance head at Udaan.com and has also worked at Livspace, Flipkart, Coca Cola, and Fosroc Chemicals. 

Rastogi’s core strengths are financial reporting for statutory compliance, business performance measurement, and financial modelling and forecasting.

As CFO at Duroflex, Rastogi will be responsible for ensuring the strong financial health of the organisation. He will oversee FP&A & Controllership functions, lead funding discussions, work with department heads to analyse financial data and develop the company’s financial strategy. He will also consult with the board of directors and business heads of Duroflex.

“Rastogi’s extensive experience across multiple industries will contribute to our growth and help us develop a strategic roadmap for our IPO. We look forward to working with him to become a prominent sleep solutions organisation with our aggressive expansion plans,” said Mohanraj J, CEO, Duroflex.

“Over the past few years, Duroflex has grown remarkably. I look forward to working with the team and collaborating with internal and external stakeholders to accelerate the company’s strategic growth and path to profitability,” added Rastogi.

The company has also appointed Rajesh Kumar Dash as product and category head, Duroflex. Dash is a product and marketing expert with 20 years of experience in P&L, product and category management, portfolio management and life cycle management.

“The organisation’s culture is based on a strongly held and widely shared set of beliefs that are supported by strategy and structure. I am excited about being part of the growth journey of Duroflex,” said Dash.

Dash has previously worked with Youkraft, Zee TV, Wipro Consumer Care & Lighting, Pentair India, and T-Net Japan. 

Source: peoplematters

NaaS Technology Inc. Announces Appointment of Alex Wu as Chief Financial Officer

Published on

3 January 2022

 NaaS Technology Inc. is pleased to announce that the Company has appointed Mr. Alex Wu as its Chief Financial Officer, effective January 15, 2023. 

 NaaS Technology Inc., one of the largest and fastest growing electric vehicle charging service providers in China, is pleased to announce that the Company has appointed Mr. Alex Wu as its Chief Financial Officer, effective January 15, 2023. This appointment concludes the previously announced executive search process undertaken by the Company.

Mr. Wu has also been appointed the President of the Company and will join its Board of Directors, effective January 15, 2023.

“We are delighted to appoint Alex as our President and CFO. Alex brings in a wealth of experiences and skills he accumulated during his successful career in both business and finance. This is an exciting time for NaaS to invest and grow its business with someone of Alex’s caliber, and we are confident this appointment will provide value to NaaS and its shareholders.” Says the Chief Executive Officer of NaaS, Ms. Yang Wang.

“I am excited to be offered this opportunity to be part of such a dynamic and capable team at NaaS”, says Alex, “NaaS is a clear leader in the charging service industry. I look forward to working with Ms. Wang and the team to develop the Company further in this remarkably fast growing market.”

Mr. Alex Wu has been serving as the Company’s interim chief financial officer since October 1, 2022, and previously served as interim chief financial officer of RISE Education Cayman Ltd, the predecessor of the Company, from September 2021 to June 2022. Mr. Wu has extensive experience in corporate finance, technology and management matters and served as a Managing Director of Bain Capital Private Equity. In addition, he served as a board director or board observer of various Bain Capital portfolio companies. Before joining Bain Capital Private Equity in 2017, Mr. Wu worked at PricewaterhouseCoopers Consulting with a focus on the technology, media and telecommunications (TMT) sectors and digital solutions across cloud, e-commerce and analytics. Prior to that, he worked with airline and telecommunications companies to plan and deliver transformation programs. Mr. Wu received his bachelor’s degree in computer science from Peking University and his MBA from the Australian Graduate School of Management at the University of New South Wales.

As of September 30, 2022, NaaS’ charging solutions had serviced 1,282 charging station operators, and connected over 45,000 charging stations with over 434,000 chargers on NaaS’ network. In the first three quarters of 2022, charging volume transacted through the Company’s network reached 1,892GWh, and gross transaction value reached RMB1,861 million, representing 2.29 times and 2.35 times that of the same period of 2021, respectively. The Company also established strategic cooperation partnership with Chevron, Li Auto, NEWRIZON, Ohways, On Time, DianYue Travel, Tunghsu Group, and other industry partners during the third quarter of 2022.

Dr. Björn Schmidt joins Jedox as new Chief Financial Officer (CFO)

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An operationally focused CFO with roots in tech investment banking and venture capital, Schmidt will propel Jedox to the next phase of growth.

Jedox, the most adaptable planning and performance management platform serving the integrated business planning needs of organizations across the world, has named Dr. Björn Schmidt as its new Chief Financial Officer (CFO). For over ten years Björn has helped propel companies in technology and SaaS to both imagine and achieve their full potential.

Prior to joining Jedox, Björn served as CFO of Quentic, where he ushered the company to and through a strategic acquisition by AMCS to achieve the third highest multiple in the history of seed investor High-Tech Gründerfonds (HTGF). Björn also served as CFO of Blacklane and was Managing Director of IEG – Investment Banking Group. He has also held various corporate finance and venture capital positions with Deutsche Bank, Axel Springer, Epic Companies (ProSiebenSat.1) and the Metro Group. As CFO at Jedox, Schmidt will focus on what he calls “smart growth,” achieved through effective management and relentless focus on both capital and human capital. Smart growth also must be sustainable, which demands authenticity, patience, and proactive prioritization of what is most important to an organization.

“The Jedox team, culture, product-market fit, customer value and economics are exciting to see as a finance leader and former investor,” states Schmidt. “I’m excited and honored to serve as CFO to a company with such a talented team and bright future.”

The growing team of C-suite leaders at Jedox illustrates the growth-at-scale that got a game-changing push in January 2021 with a $100+ million investment led by New York-based global private equity and venture capital firm Insight Partners. The Insight investment continues to enable Jedox to significantly accelerate customer growth and expand its global footprint while enhancing its robust platform for cross-departmental integrated business planning, reporting, and analysis.

Björn aims to cultivate a culture of decisiveness and adaptability while keeping the interests of all stakeholders, including teams, customers, executives, and investors in mind. In alignment with the Jedox philosophy, Schmidt believes the finance organization adds substantial and essential value by integrating closely with teams across the broader organization to help them make smarter, data-driven business decisions and outperform expectations every day.

“Bjorn’s wealth of knowledge in finance, FP&A, and investing as well as his proven experience as an executive in tech scale-ups will be a true asset to our leadership team and help to further accelerate our success journey and global growth traction,” says Florian Winterstein, Chief Executive Officer at Jedox. “We are thrilled to welcome him as CFO.”

Lacework Appoints Andrew Casey as Chief Financial Officer

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DigitalCFO Newsroom | 21 November 2022

Former WalkMe CFO brings deep financial expertise and successful track record to Lacework as CFOs take on new role in cybersecurity.

 Lacework®, the data-driven cloud security company, today announced the appointment of industry veteran Andrew Casey as Chief Financial Officer.  Casey brings over 25 years of industry experience, most recently serving as the CFO of no-code digital adoption platform WalkMe and leading it through IPO. In joining the executive team, Casey leverages his deep enterprise tech finance expertise as Lacework continues to deliver new innovative capabilities to its patented Polygraph® Data Platform so customers can innovate with confidence. 

“Lacework truly understands the security needs of modern businesses, and its approach to cloud security as a leading cloud-native application protection platform (CNAPP) sets it apart in a rapidly changing market,” said Casey. “CFOs are taking an increasingly large role in influencing and prioritising cybersecurity decisions, and I look forward to using my experience to not only build Lacework for long-term success, but also to create enduring partnerships with our customers who are responsible for the financial security of their organisations.” 

At WalkMe, Casey helped the company create a strong go-to-market focus on the enterprise and large enterprise market and execute a successful IPO in June 2021. Casey’s understanding of the cloud technology industry runs deep, serving as SVP of Finance and Business Operations of ServiceNow as well as previous endeavors spearheading financial management for renowned software companies Oracle and Symantec. Additionally, he led Finance for Hewlett-Packard’s Americas Enterprise Services division, managing more than $9B in annual revenue. Casey brings this experience to Lacework, where he will focus on leading the company toward continued growth and profitability. 

“Andrew brings deep financial and operational understanding as he has helped build multiple outstanding companies through high growth,” said Jay Parikh, CEO, Lacework. “This breadth of experience will be critical not only for helping to lead Lacework through our next phase of growth, but also in building strong partnerships with our customers who are increasingly viewing cybersecurity as a board-level financial imperative.”  

Lacework realised significant momentum under this experienced leadership team in 2022, including being named to CNBC’s Disruptor 50 list, the Forbes Cloud 100, and ranked sixth in Forbes’ America’s Best Startup Employers 2022 list. The company was also recently recognised as a leader in innovation and growth by Frost & Sullivan in the analyst firm’s recent Global CNAPP Radar Report.  

Cashify appoints Subodh Garg as new CFO

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DigitalCFO Newsroom | 22 September 2022

The appointment of the new CFO would be a step toward preparing for the company’s continued focus on sustainable growth.

Cashify has appointed Subodh Garg as its first Chief Financial Officer. The appointment of the new CFO would be a step toward preparing for the company’s continued focus on sustainable growth.

In his new role as CFO and Lead – Growth & Strategy, Subodh will lead the company’s long-term profitable growth and strategy and ensure financial readiness. With Cashify working aggressively, the appointment of Subodh in the team will strengthen the growth story and further assist to expand into new, untouched territories.

With more than two decades of experience in the financial sector, Mr. Subodh Garg joins Cashify as a veteran with strong business acumen. Prior to joining Cashify, he held the position of CFO at Pickrr and other leadership positions with startups such as Bulbul and Healthkart. Before venturing into the world of startups, Subodh garnered a rich, diversified experience of 20 years in various industries such as Insurance, BPO, Service and Manufacturing.

Speaking about the appointment, Mandeep Manocha, Co-Founder & CEO of Cashify said, “We’re thrilled to welcome Subodh into the Cashify family. His proven expertise in leadership and commercial judgment is crucial for us at this juncture. The extensive experience and knowledge that he brings in after working with various industries — both corporate and startups — will definitely help Cashify flourish sustainably in the current scenario.”

“I’m extremely delighted to be a part of the Cashify Team. The current growth trajectory of Cashify is pretty exciting and I’m looking forward to collaborating with the team and contributing towards strengthening Cashify as a sustainable and profitable business model.” said Subodh Garg, Chief Financial Officer and Lead Growth & Strategy, Cashify.

TT Club Announces New CFO Appointment

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DigitalCFO Newsroom | 15 August 2022

EeLain Ong has taken over as Chief Financial Officer (CFO) of international freight transport and logistics insurer TT Club.

With effect from 1 August 2022, EeLain Ong has taken over as Chief Financial Officer (CFO) of international freight transport and logistics insurer TT Club. Appointed in April 2022, Ong has shadowed the outgoing CFO Julian Chowdhury in his position for the intervening months prior to his retirement.

As CFO of the well-established specialist mutual insurer, Ong’s challenges will be to achieve business plan profit targets via operational efficiencies focussed on simplifying and automating processes along the insurance value chain.

In making the announcement Charles Fenton, CEO of TT Club comments, “TT is fortunate to have in EeLain someone of vast and varied experience so suited to the Club’s structure and nature of its business. Over her 27 year career she has held leadership positions within finance, treasury and tax at re/insurance companies, captives, mutuals, start-ups and Lloyd’s syndicates, and across multiple jurisdictions globally. She replaces a true professional in Chowdhury, who we thank for his long and tireless service of almost 30 years. We wish him a happy and fulfilling retirement.”

Ong is a graduate of Hull University and a Chartered Accountant (FCA). In addition to roles at re/insurance providers, she also had experiences as a regulator, an auditor, and an M&A corporate financier – all of which has exposed her to structuring finite, legacy and traditional risk transfer deals within the realms of financial governance.

“I see the strength of TT as a reliable and expert risk management provider for organisations in the global supply chain sector which is continually undergoing disruption. My role in part will be to help maintain TT’s agility to adapt to this changing trade environment, yet remain consistent in delivering renown service and claims efficiency,” says Ong.

Source: TT Club

Power Grid Corporation appoints Pramod Kumar as CFO

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DigitalCFO Newsroom | 15 August 2022

Power Grid Corporation of India Limited on Tuesday said it has appointed Pramod Kumar as chief financial officer (CFO) of the company.

Before his appointment to the new position, Kumar served as Executive Director (Finance) of Power Grid Corporation.

In terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is to inform that the Power Grid Board of Directors in their meeting held on 8th August 2022 have accorded approval for the appointment of Pramod Kumar, Executive Director (Finance) as Chief Financial Officer (CFO) of the Company with effect from 8th August 2022, Power Grid Corporation said in a regulatory filing to the stock exchanges.

Pramod Kumar is a fellow member of the Institute of Chartered Accountants of India (ICAI), having experience of 35 years in the power sector involving almost all areas of finance and accounting function i.e. finalization of corporate accounts, formulation of capital budget, coordination with internal/statutory/government auditors, concurrence of award activities, MIS, Fund Management etc., the company said.

Source: The Print

ARPC announces new CFO appointment

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DigitalCFO Newsroom | 2 August 2022

The Australian Reinsurance Pool Corporation (ARPC) has announced the appointment of Scott Unterrheiner as Chief Financial Officer (CFO).

Unterrheiner will join ARPC in November 2022 from Gen Re, where he is currently CFO and Company Secretary for Australia and New Zealand for property and casualty reinsurance and life reinsurance.

ARPC stated that having spent almost 10 years at Gen Re, Unterrheiner has a strong understanding of both the Australian and global reinsurance sectors, with extensive knowledge of catastrophe reinsurance.

Unterrheiner also brings strong financial and actuarial leadership to ARPC.

He has held previous roles in chartered accountancy, financial control and capital management in professional services and financial services firms. He holds a Bachelor of Commerce in Accounting from Macquarie University and a Graduate Diploma in Chartered Accountancy from the Institute of Chartered Accountants.

ARPC CEO Chris Wallace said: “I am delighted that Scott is joining ARPC, as he will strengthen ARPC’s catastrophe reinsurance capability while insurers transition to the cyclone reinsurance pool, which for large insurers is by 31 December 2023. He will be a key contributor to both our continued work in terrorism reinsurance as well as building our cyclone reinsurance capability. The whole ARPC team looks forward to welcoming Scott to the team”.

ARPC’s interim CFO, Peter Matruglio, will continue in the role until Unterrheiner takes over in November 2022.

ARPC stated that Matruglio is an experienced non-executive director and interim executive with a deep career as a leader in the insurance and finance sectors in assurance and risk advisory in professional services firms.

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