In today’s fast-evolving business landscape, financial leadership continues to be a driving force behind strategic decision-making and long-term success. As organizations face economic headwinds, tech innovation, and shifting regulatory environments, the role of the Chief Financial Officer (CFO) has never been more pivotal. Today, Controllers Council will focus on 11 CFOs that made a career change in July 2025.
Boeing Names Jay Malave as New CFO
Boeing Co appointed former Lockheed Martin executive Jesus ‘Jay’ Malave as the planemaker’s new CFO. Malave will lead Boeing’s financial strategy, reporting, long-range business planning, investor relations, treasury, controller and audit operations, as well as Enterprise Services, which includes global real estate and facilities. Malave was most recently CFO of Lockheed Martin and before that held the positions of senior vice president and CFO at L3Harris Technologies.
Bayer Names Priyal Patel as New CFO
Bayer has named Priyal Patel as CFO for North America. Patel will oversee financial strategy and operations across the company’s North American businesses and will continue to serve as head of treasury for Bayer North America.
Krispy Kreme Names Raphael Duvivier as New CFO
Krispy Kreme has a new top financial executive, as the struggling doughnut maker said that its current president of international operations Raphael Duvivier will take over as CFO. The move comes amid recent challenges for Krispy Kreme, which in its latest quarterly report in May posted declining sales and said it would pause its quarterly dividend as it sought “greater financial flexibility.”
Nordstrom Names Kelly Dilts as New CFO
Nordstrom has announced the appointment of Kelly Dilts as its new chief financial officer (CFO), transitioning from her current roles at Dollar General, where she has served as executive vice-president and CFO since 2023. Dilts will be responsible for overseeing all core financial functions, as well as the company’s real estate, store development and strategic sourcing.
Wolfspeed Names Gregor van Issum as New CFO
Wolfspeed has announced that Gregor van Issum will be the new CFO. Van Issum isn’t just any finance executive, he’s got a resume at ams-OSRAM and NXP, so investors clearly took comfort that someone with serious semiconductor chops is steering the ship.
SAS Names Matt Parson as New CFO
SAS, a global leader in data and AI, has appointed Matt Parson as Executive Vice President and Chief Financial Officer (CFO). As CFO, Parson will lead SAS’ global financial strategy, including forecasting, planning, capital management and investor engagement. He will also help shape operational priorities that support scalable growth, market expansion and long-term value creation.
EG Group Names Mark Segal as New CFO
EG Group, parent company of EG America, which operates more than 1,500 convenience stores across the U.S., has named Mark Segal as its new chief financial officer. Segal joins EG Group from Spin Master, a children’s entertainment business that operates in more than 100 countries.
West Names Robert McMahon as New CFO
West Pharmaceutical Services, Inc., a global leader in innovative solutions for injectable drug administration, today announced the appointment of Robert McMahon as the company’s new Chief Financial Officer. Mr. McMahon has been Chief Financial Officer of Agilent Technologies Inc. since 2018. In this role, he is responsible for finance, audit, treasury, tax, investor relations, IT and procurement.
TOTE Names Jason Grear as New CFO
TOTE Group, a recognized leader in transportation and logistics overseeing some of the most trusted companies in the U.S., announced the appointment of Jason Grear, CPA, as its Chief Financial Officer. Grear brings over 20 years of accounting and finance experience to the organization.
Transact + CBORD Names Rob DeCarlo as New CFO
Transact + CBORD, the award-winning leader in innovative higher education, K-12, senior living and healthcare technology, announced the appointment of Rob DeCarlo as Chief Financial Officer. DeCarlo joins the executive team to drive long-term strategic and operational growth by overseeing all financial operations.
Martin Marietta Names Michael Petro as New CFO
Martin Marietta Materials announced the appointment of Michael J. Petro as Senior Vice President and Chief Financial Officer. Petro, who has been with the company since 2015, has played a significant role in the company’s strategic growth initiatives and will continue to oversee the Strategy and Development team. This appointment is expected to further strengthen Martin Marietta’s financial leadership and support its ongoing strategy to deliver long-term value for shareholders.
