LifeVantage Corporation announced today that Mark Jaggi has been appointed Chief Financial Officer for the company effective August 24, 2015.
Mr. Jaggi is a highly experienced finance and operations executive, having spent the past 20 years in lead financial, operational, and strategic planning roles. Most recently, Mr. Jaggi served as Chief Financial Officer at TwinLab Consolidated Holdings, where he led and supported their debt and equity financing, as well as the financial and operational decision-making in all areas of the business.
Prior to TwinLab Consolidated Holdings, Mr. Jaggi served as Chief Executive Officer and Chief Financial Officer at Summit Industries, a manufacturer and marketer of pharmaceutical and non-regulated liquid and cream solutions. Prior to Summit Industries, Mr. Jaggi was Chief Financial Officer at O’Sullivan Industries, where he led the international financial processes including analysis, accounting
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Avon Hires New CFO; Former J. Crew COO
by Tina Williams • • 0 Comments
Avon Products Inc. said Wednesday it hired James Scully away from J. Crew Group Inc. to be its new chief financial officer.
Mr. Scully has been J. Crew’s chief operating officer for nearly two years and with the retailer for a decade. His exit follows the departure of Stuart Haselden, its chief financial officer, earlier this month. Mr. Haselden left to join Lululemon Athletica Inc. as its CFO.
J. Crew is contending with falling shopper traffic at its stores and the retailer recently wrote down the value of its stores by more than half a billion dollars, while leaving its online operations unscathed, an indication of the toll that e-commerce is taking on brick-and-mortar retailing.
“Jim’s departure comes at a time when we are looking at the way our team and business is structured,” a company spokeswoman said in a statement. “Retail has been evolving quickly and we want to ensure we are set up for ’the new world’ as we move forward.”
The spokeswoman said J. Crew had already hired an executive search firm to look for Mr. Scully’s successor. Joan Durkin, its chief accounting officer, will temporarily fill the role of CFO, while it looks for a permanent replacement.
Avon said Mr. Scully, 49, will join the beauty products
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Beach Body Appoints New CFO, Sue Collyns
by Tina Williams • • 0 Comments
Beachbody, the Santa Monica, Calif.-based developers of popular fitness brands INSANITY® and P90X®, announced today the hiring of Sue Collyns as Chief Financial Officer. Collyns will play a critical role in the strategic and financial management of Beachbody as it builds upon its success and works to expand its business globally. Collyns will report directly to Beachbody CEO, Carl Daikeler.
“Sue brings impressive experience across six industries with iconic brands having managed complex strategic, tactical and financial dynamics,” said Daikeler. “Her tremendous experience will enable us to drive improvements across all areas of our growth plan, both domestically and internationally.”
As CFO, Collyns will be responsible for leading all financial operations within Beachbody. She joins Beachbody after most recently spending two years as the CFO of Dun and Bradstreet Credibility Corp (DBCC), the successful technology start up. Prior to DBCC, Collyns spent 10 years as CFO, COO and Company Secretary for California Pizza Kitchen (CPK) and prior to CPK, she held various financial positions at Sony/BMG Entertainment, Lion/Pepsi, Glaxosmithkline and PriceWaterhouseCoopers.
“I am honored to join Carl and the entire Beachbody team as we enter one of the Company’s most exciting and important growth phases,” said Collyns. “It’s invigorating to combine my professional experience with personal passion and join a true category leader, marked by exceptional product and brand
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Avon CFO Resigns
by Tina Williams • • 0 Comments
The Wall Street Journal reported early yesterday morning that Avon CFO, Kimberly Ross, has resigned.
Avon Products Inc. announced Monday that Chief Financial Officer Kimberly Ross is resigning from the embattled beauty-products company, effective early next month, to become CFO at oil-field services company Baker Hughes Inc.
Martin Craighead, Baker Hughes chairman and chief executive, stated that Ms. Ross’s “extensive record of accomplishments spans several industries and is a testament to her effective partnering with operational leaders in various geographies and business environments.”
She begins her new role at Baker Hughes effective Oct. 22.
Avon appointed Avon’s corporate controller, Robert Loughran, to serve as acting CFO as the door-to-door seller of makeup and consumer products searches for a permanent successor. Mr. Loughran is a 10-year Avon veteran and was appointed vice president and controller in 2012.
Avon Chief Executive Sheri McCoy said Ms. Ross “has been a strong leader for Avon over the past three years. I appreciate her partnership as we’ve worked together on Avon’s turnaround journey. We wish her all the best in her new role.”
Ms. Ross stated that she is proud of the work accomplished by the Avon team. She also stated that she thinks Avon “is laying the right foundation for the future, and I look