CFOs On the Move: Week ending May 16

Lauren Muskett

Fri, May 16, 2025, 2:58 AM 4 min read

Cisco named Mark Patterson as the networking-equipment company’s new finance chief, effective July 27. Patterson joined Cisco in 2000 and is currently executive vice president and chief strategy officer. Before joining Cisco, he led finance and business operations for IPMobile. Earlier in his career, Patterson was a manager at public accounting firm Arthur Andersen, where he focused on high-tech and telecommunications clients. Patterson succeeds Scott Herren, who is retiring. Herren, who has been CFO since December 2020, will transition to an adviser role through May 1, 2026.

David Reeder | Chewy

Chewy CFO David Reeder is stepping down to take over as CEO and president of Entegris, an advanced materials supplier and process solutions for the semiconductor industry. Reeder, who has been the finance chief of the online pet product retailer since February 2024, will remain with the company through its next earnings announcement in June. He previously held leadership roles at global semiconductor companies, including as CFO of GlobalFoundries and in senior roles at Texas Instruments and Broadcom. He was also the chief executive officer of Lexmark International and Tower Insurance Group.

Matt Ellis | Universal Music Group

Universal Music Group — Taylor Swift and Post Malone's record label — named Matt Ellis as its new chief financial officer, effective June 9. Ellis spent over 10 years at telecom giant Verizon, including six years as CFO. Before that, he held several senior finance positions at global food company Tyson Foods over his 15-year career, including vice president and treasurer. Ellis succeeds Boyd Muir, who was promoted to chief operating officer in October 2024 and has continued serving as CFO while searching for his successor.

Lukas Paravicini | Imperial Brands

British tobacco company Imperial Brands named its CFO, Lukas Paravicini, as outgoing CEO Stefan Bomhard’s successor. Paravicini, who will take over as CEO on October 1, has been the chief financial officer since May 2021. Before joining Imperial, he was the chief operating officer and CFO of Fonterra, and earlier had a 22-year career at Nestlé. Paravicini will be succeeded as CFO by Murray McGowan, currently Imperial Brands’ chief strategy and development officer. Murray joined the company in July 2020 and previously held financial and operational leadership at Costa Coffee, Yum! Brands and Cadbury.

Curtiss Bruce | The Honest Company

The Honest Company appointed Curtiss Bruce as the personal care company’s new chief financial officer, effective June 2. Bruce is currently the senior vice president of corporate financial planning and analysis and investor relations at health and wellness company Hain Celestial Group. He earlier held finance leadership roles at several well-known consumer products companies, including Keurig Dr. Pepper, Kellogg and Kraft Heinz. At Keurig Dr. Pepper, he led the finance team with P&L responsibility for beverage concentrate and warehouse direct businesses, managing a top-line revenue exceeding $2 billion. Bruce succeeds Dave Loretta, who is retiring.

Robert VanHimbergen | Hillenbrand

Robert VanHimbergen is stepping down as CFO of global industrial company Hillenbrand for a new role outside of the company. His last day will be June 27. VanHimbergen joined the company in March 2022 from Johnson Controls, where he worked for over 15 years, most recently as vice president and corporate controller. Megan Walke, vice president, corporate controller and chief accounting officer, will take over as interim CFO when VanHimbergen leaves. Walke has been with the company for 14 years and formerly worked in public accounting for nine years.

Adam Patnaude | ShipBob

ShipBob, a global supply chain and fulfillment platform, hired Adam Patnaude as finance chief. Patnaude joins the company from online food delivery marketplace Grubhub, where he spent the last nine years in financial and strategic roles, including the last four as chief financial officer. Before Grubhub, Patnaude held roles at the vice president level at Orbitz and Goldman Sachs. Patnaude succeeds Brittany Smith, who left the company in March and is now the CFO of Applied Systems.

David Vahos | PECO

PECO, an Exelon company, named David Vahos as the energy company’s new president and CEO, effective June 1. Vahos was most recently the CFO, senior vice president and treasurer of Exelon subsidiary Pepco Holdings. He was previously the chief financial officer and treasurer at sister company Baltimore Gas and Electric. Vahos replaces David Velazquez, who is retiring after working in the energy industry for over 40 years. Velazquez has been PECO’s president and CEO since February 2024. He will retire on July 1.