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Fortune

Sheryl Estrada

Boards are expanding the CFO’s mandate—with COO duties increasingly in the mix

Robin Washington

An executive team business people together in conference meeting room in contemporary modern office. (Credit: Getty Images)

Good morning. Boards are pushing CFOs into a bigger operational mandate, and the last two weeks alone have produced three new examples.

—Zoetis Inc. (No. 434 on the Fortune 500) announced on Aug. 6 that James “Jay” Saccaro was appointed EVP, CFO and chief operating officer (COO), effective Aug. 17. The combination of the CFO and COO roles is new at the company. Wetteny Joseph, currently EVP and CFO, who will transition to an advisory role, did not hold the COO role. Saccaro most recently served as VP and CFO at GE HealthCare.

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