CFOs On the Move: Week Ending February 5

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Robert Davis

Merck’s chief financial officer, Robert Davis, will take over as the pharma company’s CEO. Davis joined the company as CFO in 2014. Before Merck, he worked for Baxter International, where he was corporate vice president and president of medical products. He held several other positions during his tenure at Baxter including president of its renal business, chief financial officer, and treasurer. Before that, he worked at Eli Lilly & Company. Davis takes over for chairman and CEO Kenneth Frazier, who has been chief executive since 2011. Frazier will retire on June 30 and will continue to serve on Merck’s board of directors as executive chairman for a transition period.

Nupur Sadiwala

Consumer-loyalty and retail-rewards app Fetch Rewards hired Nupur Sadiwala as chief financial officer. Sadiwala was most recently CFO at Reebonz, Asia’s biggest luxury e-commerce platform. Before that, she was a vice president in the investment banking group at Goldman Sachs. There, she was an advisor on over $7 billion of buy-side and sell-side M&A transactions across North America and Southeast Asia.

Stuart Burgdoerfer is retiring from his roles as CFO of L Brands and interim CEO of Victoria’s Secret business. Martin Waters, currently CEO of Victoria’s Secret Lingerie, has been promoted to CEO of Victoria’s Secret business. Burgdoerfer will stay at the retailer as CFO through August 2021 while the company looks for his successor.

Pash Nangia

Pash Nangia has joined Royal Cup Coffee & Tea as its new chief financial officer. Nangia was most recently CFO at cheerleading company Varsity Spirit. Before that, Nangia was vice president of finance and information technology at manufacturer Ametek. Earlier in his career, he worked at Cummins for nearly 20 years in several finance leadership roles. Nangia succeeds Chip Wann, who was promoted to president and chief executive officer in February 2020 from the role of chief operating officer and acting CFO.

The Children’s Place promoted Robert Helm to finance chief. Helm joined the retailer in 2016 and was most recently senior vice president of finance and inventory management. Earlier in his career, he held senior finance and accounting roles at Ralph Lauren, Fresh Direct, and Rag & Bone. Helm takes over for Michael Scarpa, who will retire at the end of March.

Ken Rizvi

SMART Global Holdings appointed Ken Rizvi as CFO. Rizvi joins the specialty memory and storage provider from semiconductor provider UTAC Holdings, where he was finance chief. Before that, he was CFO at Isola Group and served as vice president of finance and treasurer at Micron Technology. Current chief financial officer, Jack Pacheco, will continue in his roles as chief operating officer of SGH and president of SMART Modular Technologies.

Digital media company RealNetworks hired Christine Chambers as CFO. Chambers will be rejoining RealNetworks, having worked in various finance roles at the company for nearly a decade, most recently as vice president of finance. She has been vice president of finance at Rosetta Stone since 2018. Chambers replaces Judd Lee, who leaves the company in March.

Santiago Rubio

Santiago Rubio was promoted to finance chief at Idea Financial. Santiago Rubio joined the lending company in October 2017 as a financial planner. Santiago began his career in the auto lending industry, working at GM Financial, where he held various roles within the auto finance captive’s operations.

Virta Health appointed Alok Bhushan as chief financial officer. Bhushan joins the diabetes treatment company from cosmetics company Charlotte Tilbury Beauty, where he served as CFO. Before that, Bhushan was a member of the executive team at digital knowledge search company Yext for nearly a decade. He helped to grow Yext from an early-stage startup through its IPO.