|
|
|
|
|
|
|
|
|
|
Peloton CFO Jumps to Palmetto (And Other Moves)
|
|
By Walden Siew | WSJ Leadership Institute
|
|
|
|
|
Good morning, CFOs. Peloton CFO Liz Coddington will head to energy company Palmetto; gloomy labor market to start the year; plus, the crypto selloff deepens further.
|
|
|
|
|
|
|
|
Peloton Chief Executive Peter Stern credited Liz Coddington with overseeing the company’s financial turnaround. CARLO ALLEGRI/REUTERS
|
|
|
|
|
|
It’s been a busy week for CFO moves.
Peloton CFO Liz Coddington will join clean energy company Palmetto as its new finance chief on March 30, the Charlotte, N.C.-based energy company said Thursday.
In an interview with the WSJ Leadership Institute’s Kristin Broughton, Coddington said she plans to strengthen Palmetto’s profit metrics, improve working capital and tighten financial controls. She also wants to prepare the company to someday enter the public markets. “I’m bringing that rigor of scaling large, complex consumer businesses,” Coddington said.
The news comes after a few notable changes already. Ride-hailing company Uber Technologies named Balaji Krishnamurthy as its next CFO on Wednesday, succeeding Prashanth Mahendra-Rajah, which marks the company’s third CFO in as many years. Mahendra-Rajah will step down Feb. 16, the company said.
Key stat: About 18% of Fortune 500 and S&P 500 companies had a change in the CFO role in 2025, according to Crist Kolder Associates’ annual volatility report (120 total CFO turnovers out of 664 companies). Notable names included the top finance chiefs at Ford Motor, Lockheed Martin and Macy’s.
Other job change announcements this week included CFO moves at:
It certainly looks like the trend is continuing into 2026.
|
|
|
|
|
Content from our sponsor: Deloitte
|
|
|
Brand Building in the Age of AI
|
|
How do you reach customers in a world where large language models are reshaping brand engagement? Marketers from Qualcomm, Mars, and Samsung Electronics America shared their insights at CES 2026. Read More
|
|
|
|
|
|
|
|
|
|
📆 Earnings
-
Biogen
-
Cboe Global Markets
-
Centene
-
Philip Morris International
📈 Economic Indicators
The University of Michigan releases its Consumer Sentiment survey for February.
|
|
|
|
|
Jeffrey Epstein files fallout. Who's next? New revelations threaten to topple famous names in the worlds of business, law and politics. Brad Karp was replaced as Paul Weiss chairman after new emails revealed a more extensive relationship than realized before.
IPOs still on the radar. Elon Musk’s SpaceX is among those companies looking to give their shares a boost after a planned public offering. Advisers for the company, which recently merged with xAI, have reached out to major index providers, including Nasdaq, to discuss how SpaceX and this year’s other hot startups might join key indexes, Kate Clark and Corrie Driebusch report.
Gloomy labor market? Ahead of the government’s delayed January jobs report, a mix of other federal and private data are pointing to a rough start to the new year, WSJ reporter Te-Ping Chen writes. Tune in next week, when we will get more clues.
|
|
|
|
|
|
What Else Matters to CFOs
|
|
|
|
|
|
|
Volkswagen’s assembly plant in Chattanooga, Tenn. ELIJAH NOUVELAGE/GETTY IMAGES
|
|
|
|
|
|
More than 3,000 hourly workers at Volkswagen’s assembly plant in Chattanooga, Tenn., would receive raises totaling about 20% over four years under a new tentative deal between the German automaker and the United Auto Workers, according to the union, WSJ reporter Christopher Otts writes.
Why is this important? For the union, the stakes of its pending agreement with Volkswagen are especially high, as it aims to persuade more U.S. autoworkers in the South to join the UAW. The union coordinated strikes at several plants owned by Ford, General Motors and Jeep-Ram parent Stellantis—and won large wage increases—in 2023.
Next steps: The agreement jointly announced by the company and UAW includes enhanced healthcare benefits and other gains after nearly a year-and-a-half of negotiations. Workers still have to vote to ratify the deal.
|
|
|
|
|
📰 Other headlines
📈 Earnings wrapup
|
|
|
|
|
|
|
|
The WSJ CFO Council Summit
|
|
|
|
This March 23–24, financial leaders will gather in Palo Alto for The WSJ CFO Council Summit to examine how CFOs are navigating market volatility, evolving trade and regulatory policy and the growing impact of AI on the future of the enterprise. Join the CFO Council and be part of the conversations shaping the future of finance and corporate leadership.
Request Invitation.
|
|
|
|
|
|
|
|
|
The Wall Street Journal's CFO Journal offers corporate leaders and professionals CFO analysis, advice and commentary to make informed decisions. We cover topics including corporate tax, accounting, regulation, capital markets, management and strategy. Follow us on X @WSJCFO. The WSJ CFO Journal Team comprises reporters Kristin Broughton, Mark Maurer and Jennifer Williams, and Bureau Chief Walden Siew. You can reach us by replying to any newsletter, or email Walden at walden.siew@wsj.com.
|
|
|
|
|
|
