Steve Schmitt | PepsiCo
Steve Schmitt will take over as finance chief of PepsiCo on Nov. 10. Schmitt will join the food and beverage giant from Walmart, where he is executive vice president and chief financial officer for Walmart U.S., the retailer’s largest business unit. Before joining Walmart in 2016, he spent over 10 years in a variety of roles at Yum Brands, most recently as VP of investor relations and corporate strategy. He started his career at UPS, spending more than a decade with the package delivery company. Schmitt succeeds Jamie Caulfield, who has been CFO since 2023. Caulfield is retiring after more than 30 years total at the company. He will stay with PepsiCo through May 15, 2026, in an advisory role.
Anthony Armstrong | xAI
Anthony Armstrong has been appointed chief financial officer of xAI, Elon Musk’s artificial intelligence company. Armstrong will also lead the finance operations for the social media platform X, the Financial Times reported. A former Morgan Stanley banker, Armstrong previously advised on Musk’s Twitter takeover and worked as a senior adviser for the Trump administration before leaving over the summer. He replaces Mike Liberatore as CFO of xAI. Liberatore left the company around the end of July and was hired by OpenAI as its business finance officer last month. X’s current finance chief, Mahmoud Reza Banki, is also departing.
Marshall Witt | FedEx Freight
Marshall Witt was named chief financial officer of FedEx Freight, the planned spinoff of parcel giant FedEx’s trucking unit. Witt, who will take the role of CFO on Oct. 15, previously spent 12 years as CFO of IT firm TD Synnex. While at TD Synnex, Witt oversaw its spinoff of Concentrix in 2020. Before joining TD Synnex, he spent 15 years at FedEx, mostly within the FedEx Freight finance organization, where he was most recently senior vice president of finance and controller.
Anthony Coletta | Sprinklr
Anthony Coletta has been hired as the new finance chief at cloud-software company Sprinklr. He spent the last 18 years at SAP, most recently serving as chief investor relations officer. Throughout his time there, he held several divisional CFO roles, including CFO for SAP North America, a $10 billion business. Prior to SAP, he worked in finance and strategy roles at Siemens and ThyssenKrupp. Coletta replaces Manish Sarin, who stepped down on Sept. 19. CEO Rory Read assumed the interim financial chief position while the company searched for Sarin’s replacement.
Austin Kaplicer | Vimeo
Austin Kaplicer was appointed interim CFO of video hosting, sharing and services provider Vimeo. Kaplicer has been the senior vice president and controller of Vimeo since October 2024. He will continue in his role as controller while working as interim CFO. Kaplicer was earlier the vice president and assistant controller of the company. Before joining Vimeo, he was an assistant controller at Indeed, executive director of financial reporting and accounting policy at WarnerMedia and a manager at KPMG. Kaplicer succeeds Gillian Munson, who stepped down as CFO on Sept. 30.
Kevin Ryan | Better Home & Finance
Better Home & Finance CFO Kevin Ryan has left the digital lender to take on the senior managing director and chief strategy officer role at mortgage lender Pennymac. Ryan, who will join Pennymac on Oct. 13, has been the president and CFO of Better since 2020. During his time there, he led its public listing through a special purpose acquisition company merger that closed in August 2023. Ryan previously spent more than two decades at Morgan Stanley, where he was a managing director of investment banking and head of banks and diversified finance.
Todd Cunfer | Campbell’s
Food manufacturer Campbell’s appointed Todd Cunfer as chief financial officer, effective Oct. 20. Cunfer joins the company from pet food maker Freshpet, where he has been CFO since 2022. He earlier held the top finance spot at nutritional foods maker Simply Good Foods Company. He previously spent over 20 years in financial leadership positions at The Hershey Company, most recently as vice president of international finance. Cunfer succeeds Carrie Anderson, who is leaving the company.
Chris Edmunds | Redwire
Space and defense technology company Redwire’s finance chief, Jonathan Baliff, will retire on Nov. 30. The company will promote Chris Edmunds, its senior vice president and chief accounting officer, to succeed Baliff. Edmunds joined the company in 2020 as its corporate controller and was promoted to his current position in 2022. He earlier worked at Ernst & Young for nearly 15 years, most recently as an assurance senior manager. Baliff will serve as a Redwire consultant through December 2026.
