Have an upcoming CFO move you'd like to be considered for an exclusive in CFO Daily? Send me an email. Before Kemper, Camden spent 15 years at Northern Trust Asset Management, where he served in several finance leadership roles. He joined Kemper in 2020 as treasurer and has since led many of the company’s critical strategic initiatives, including the formation of Kemper Bermuda Ltd. Camden most recently served as SVP and treasurer. McKinney, who will serve as a senior advisor to the company for a transition period. Camden was named interim CFO at Kemper Corporation (NYSE: KMPR), an insurance provider, effective immediately. Prior to joining Cox, he served as the VP of corporate development for PGi, an equity analyst for Priderock Management.īradley T.
Before Cox Enterprises, LeTourneau served as VP of corporate development for Cox Communications. He and LeTourneau will work together for the next four months during a transition period. LeTourneau has been with Cox since 2012 in various corporate development roles, most recently serving as SVP of corporate development for parent company Cox Enterprises. 19. Current CFO Mark Bowser will retire at the end of this year. Bowser had an 11-year run at Cox Communications and six years as finance chief for Cox Automotive. Scott LeTourneau was named EVP and CFO at Cox Automotive, effective Sept. “So, some companies will put someone in that spot if they see potential for them to ascend into the CEO role in time.” “The COO role can be a stepping stone on the way to CEO,” Fisher says. The role has traditionally “taken a backseat to other C-suite functions” and “its recent resurgence and increasing visibility showcase the importance of the job in building resilience,” according to McKinsey.īeing appointed COO may also be a test for the top job. “COOs are making a comeback” and the role is “bigger, bolder, and more transformative than ever,” recent McKinsey research finds. “From an operations perspective, we are exploring how we can build a faster, more flexible and more efficient operating model that will better serve our customers.” “My new responsibilities allow me to go deeper into the design and execution of our long-term goals,” he writes. In addition to leading finance and real estate functions, he now oversees stores, supply chain and technology. In a recent LinkedIn post, Mitchell wrote about taking on the COO at Macy’s. And other executives joined a company for a CFO/COO role such as Ketchum’s Conor Nash and Sendero Wealth Management’s Kristina G. Lipesky and The Children’s Place CFO Sheamus Toal. It really depends on the industry-with manufacturing companies being more likely to have a COO.”įinance chiefs who have added COO to their title this year include Block CFO Amrita Ahuja Macy’s CFO Adrian Mitchell Abercrombie & Fitch Co. “Every company’s definition of what a COO does varies.
“Many CFOs are the de facto COO, even without that title,” Fisher says. Jenna Fisher, managing director and head of the CFO practice at the global firm Russell Reynolds Associates (RRA), shares what she’s seeing. “When we are conducting a search, the casual term used is often ‘CFO plus.'” Some organizations are choosing to give the “dual title of CFO and COO, or president and CFO in some cases,” Johnson says. “Companies have recognized that some of what used to be managed by a COO has drifted into the CFO’s purview,” says Clem Johnson, the president of Crist Kolder Associates, an executive search firm. “I spend as much time with our manufacturing teams, our commercial teams, our research and development teams, and the rest of the functions.” “I consider the role of the CFO much more operational than just the finance department,” Moderna CFO Jamey Mock told me last week.
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