CFO comings and goings: January

Another month of CFO moves and despite it being the beginning of the year, CFOs are in higher demand than ever as the financial environment continues to be rocky.

Patrick Hallinan, CFO of Fortune Brands, was appointed to the CFO seat at Stanley Black & Decker, replacing Donald Allan Jr. (with a 2021 total comp of $5.5 million), who was promoted to the CEO seat last summer. The appliance company has had some finance-function drama over the past few months, slashing a “large portion” of its finance jobs last fall in its cost-cutting measures. Additionally, Stanley Black & Decker’s chief accounting officer retired in September, so Hallinan will be largely shaping out the finance organization. While the contents of the hardware company’s toolbox may not fix a balance sheet, it looks like the firm is hoping Hallinan comes with some savvy money-saving gadgets of his own.

Salary: $800,000 base salary + $350,000 sign-on bonus

Getting a promotion six months into any job sounds like a dream, but ascending to the CFO role seems like hitting the jackpot, which is what Claudia Jaramillo, the newly appointed finance chief at engineering consulting firm Jacobs, apparently did. Last July, Jaramillo joined the firm as its EVP of strategy and corporate development, a role that she will be in until August 2023.

Salary: TBD

Whoever said it pays to try something out was right for Matthew Cagwin, who was bumped from interim to official CFO of Western Union, the cross-border payments company. Cagwin said that the company is at an “pivotal inflection point” on its growth journey, which sounds like maybe the task at hand is larger than sending money to your cousin studying abroad in South America.

Salary: TBD, pending the proxy statement or 10-K

Ernst & Young named Jamie Miller as the accounting firm’s new global CFO, and CFO to EY’s proposed new public consulting entity. In the press release, EY’s CEO Carmine Di Sibio noted Miller’s experience in the public markets as a crucial asset, which likely refers to her experience at GE versus her current employer Cargill, which is a private agribusiness.

If there is any rivalry between the Big Four accounting firms, Miller is leaving it in the dust; she spent 15 years at EY competitor PwC.

Salary: EY and Cargill are both privately held companies that do not disclose executive compensation.

If you’re looking for a new advisor, the finance chief that oversaw Pfizer’s balance sheet until 2022 has joined Deloitte as its “CFO-in-residence,” which—despite the “resident” implied in the title—doesn’t refer to a career in medicine or home-building, as far as we’re aware. Instead, Frank D’Amelio will be “advising clients” in the accounting firm’s CFO program.

Salary: This CFO’s comps are now inaccessible, but between a new board seat at HP and the new consulting gig, we’re not too worried. Frank, if you’re reading this and need to start writing columns as a side hustle, we can maybe find a slot.—KT