Even if the weeks after Thanksgiving make you feel like we’ve already entered the hazy holiday daze, we’re—shockingly—still in 2023. And in a year when CFOs have been changing posts left and right, there’s still time for some buzzer beater switch-ups.
Paying up. Digital payment company PayPal announced that Jamie Miller stepped into the top finance spot, taking over from outgoing CFO Gabrielle Rabinovitch. Miller’s new title took effect on November 6.
Before joining PayPal, Miller was global CFO for EY, where she led “the separation and IPO of its strategy, tax, and consulting business,” according to a release announcing her new position. Miller also served as CFO of food and agriculture company Cargill between 2021 and 2023, and held the same post at General Electric between 2017 and 2020.
“Jamie enters this role from a position of strength, and her insights and experience will be extremely valuable in helping PayPal to deliver profitable growth, operate with efficiency at scale, and create value for our shareholders,” PayPal CEO Alex Chriss said in a statement.
Salary: $750,000 base, $6,000,000 signing bonus, annual target bonus 125% of base
Company vet. Verizon Communications CEO Hans Vestberg announced company vet Tony Skiadas officially assumed the CFO role after serving on an interim basis since March, in a LinkedIn post. Skiadas previously served as the company’s SVP and controller. Back in March, former Verizon CFO Matt Ellis stepped down to “pursue other interests,” the company said in a statement.
“Given his rich experience of 27 years at Verizon, Tony knows every aspect of our business, and he’s the right leader at the right time to strengthen our financial position while accelerating our momentum,” Vestberg said in his post.
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Salary: Unknown
Mouse ears and soda. Walt Disney Company announced former PepsiCo CFO Hugh Johnston will take over as finance chief effective December 4, according to a company statement. He comes with ample experience, having held a variety of leadership roles throughout his 34-year career with Pepsi, per the release. After serving as everything from EVP of global operations to SVP of mergers and acquisitions, Johnston took over as CFO in 2010.
And Disney CEO Bob Iger had high praise for the exec. “Hugh’s well-earned reputation as one of the best CFOs in America and his wealth of leadership experience in both financial and operational roles overseeing a diverse portfolio of top global brands make him a perfect addition to Disney’s senior leadership team,” Iger said in a statement.
Salary: $2,000,000 base, $3,000,000 signing bonus, annual target bonus not less than 200% of base
When one door closes. Alongside an announcement that neighborhood-based social media app Nextdoor would cut 25% of its full-time workforce, the company also revealed that former CFO Mike Doyle resigned from his post, effective November 7.
Doyle will stay on through December 1 to “ensure a smooth transition,” per a company release. In Doyle’s place, Matt Anderson, the company’s head of finance and strategy, will take over as finance chief. Anderson formerly spent six years at mobile payments company Block Inc., formerly known as Square.
Salary: $475,000 base, $406,250 in restricted stock