Stewart Glendinning | Dollar Tree
Stewart Glendinning will take over as finance chief of Dollar Tree on March 30. Glendinning joined the retailer earlier this year in a senior role focused on enterprise-wide transformation initiatives. Glendinning was previously CEO of clothing retailer Express and earlier held global CFO roles at Tyson Foods and Molson Coors Brewing Company. Glendinning succeeds Jeff Davis, who is stepping down. Davis will stay with the company for a short period to support the transition.
Mark Okerstrom | Fortive
Industrial technology company Fortive appointed Mark Okerstrom as chief financial officer, effective March 24. Okerstrom most recently was an external advisor at management consulting firm Bain & Company and global private equity investment firm Advent International. Okerstrom previously spent over 13 years at Expedia Group, most recently as the travel platforms chief executive officer and, before that, was CFO. Okerstrom succeeds Chuck McLaughlin, who will retire as CFO but will hold a non-executive officer role through the end of the year.
Cathy Smith | Starbucks
Nordstrom CFO Cathy Smith is leaving the retailer for the same role at Starbucks. She has held several CFO positions over her almost 40-year career, including at GameStop, Walmart, Express Scripts and Target. Smith replaces longtime CFO Rachel Ruggeri. The change is the latest for the coffee chain’s CEO Brian Niccol, who continues to shake up its leadership team since joining in September.
Greg Henry | 1Password
Greg Henry was named chief financial officer of password manager company 1Password. Henry was previously CFO of cloud database platform Couchbase, where he led its public offering. Previously, he was senior vice president of finance at ServiceNow and he earlier spent 14 years at GE, including as CFO of GE Healthcare IT, a multi-billion-dollar software business. Henry replaces Jeannie De Guzman, who was promoted to chief operating officer. De Guzman joined the company in 2020 as its VP of finance and HR and became its first CFO in 2021.
Scott Kennedy | Caribou Coffee
Caribou Coffee’s chief financial officer Scott Kennedy will take on the additional responsibility of interim CEO. Kennedy replaces John Butcher, who will step down as president and chief executive officer on March 14 and then transition to an advisory role through the end of May. Kennedy joined the company as CFO in 2019 after 14 years in executive positions at Target, including as president of financial and retail services. He earlier spent almost 16 years at KPMG, with the last two years as partner.
Jaehyun Park | OP Bancorp
Open Bank’s holding company OP Bancorp promoted Jaehyun Park to chief financial officer of the company and the bank. Park has been senior vice president and controller since he joined the company in June 2014. Park earlier held various roles in finance areas at Nara Bank (now Bank of Hope). He succeeds Christine Oh, who was promoted to executive vice president and chief operating officer. Oh was CFO of the bank since July 2010 and of the company since it started in March 2016.
Sonia Timmons | Vallen Distribution
Vallen Distribution promoted Sonia Timmons to finance chief. Timmons joined the supply chain solutions and services provider in 2007 as senior financial analyst and was most recently senior vice president of finance. Other roles she held while at Vallen include manager of FP&A, director of corporate finance and vice president of FP&A.
Jim Nygaard | Core Scientific
Core Scientific appointed Jim Nygaard as finance chief, effective March 17. Nygaard has nearly 30 years of investment banking expertise, including M&A, corporate finance and capital-raising experience. Since 2008, Nygaard has been managing director and head of M&A at XMS Capital Partners. Before that, he spent more than a decade at Morgan Stanley advising clients on deals and growth strategies. Nygaard succeeds Denise Sterling, who will leave the company on May 1. Sterling was promoted to CFO in April 2022, shortly before it filed for Chapter 11 and played a critical role in stabilizing and repositioning the company.
