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.
—Jeremy Hofmann, CFO of Zillow Group Inc., is taking on the additional role of COO, the company announced on Aug. 5. The board expanded Hofmann’s role because of his proven track record as CFO and his understanding of operational dependencies across the business during his nine years at the company, according to the announcement. Jun Choo, who has held the role of COO since November 2024, is stepping down immediately to focus on his health.
—At Owens Corning (No. 385 on the Fortune 500), Todd W. Fister has served as the company’s EVP, chief financial and operating officer since May 2026 and previously served as EVP, CFO from September 2023. The company announced on July 24 that Fister will now serve as president and chief operating officer, effective Aug. 10. Jonathan M. Collins was appointed EVP and CFO.
