- Push-out Score suggests push-out forces
- After almost ten years on the job
- Praise for Ziegler
- Collin Kebo taking over
- Ziegler spoke at length and said 80 words
(exechange) — Lincolnshire, Illinois, October 10, 2017 — This news came the day after Columbus Day. Ann Ziegler, finance chief of CDW, leaves. As announced by CDW Corporation in a news release and in a regulatory filing published on Tuesday, October 10, 2017, Ann E. Ziegler leaves the post as Chief Financial Officer at the provider of technology products after almost ten years on the job, effective December 31, 2017.
Among the 3,000 largest publicly held companies incorporated in the U.S. based on market capitalization, the average tenure of the CFOs who departed over the past twelve months was 5.6 years, according to data compiled by exechange.
Ziegler’s duties are taken over by Collin Kebo, currently vice president, financial planning and analysis and CFO for international operations at CDW Corporation.
Ziegler’s move is part of a management shake-up also involving the position of general counsel and corporate secretary.
“More time going forward to fulfill personal goals”
A reason for the change was not explicitly given. Ziegler said: “I’m looking forward to having more time going forward to fulfill personal goals.”
Precise information about the future plans of Ziegler was not immediately available.
CDW announced “the planned retirement of its chief financial officer (CFO), Ann E. Ziegler, at the end of 2017 after nearly 10 years of service to the company.”
CDW further said: “Ann E. Ziegler will retire as Senior Vice President and Chief Financial Officer of the Company effective December 31, 2017.”
Share price rise since February 2016
The change follows a rise in the share price of CDW Corporation since February 2016.
Chaired by Thomas E. Richards
CDW Corporation is chaired by Thomas E. Richards.
Richards joined CDW in 2009 as President and Chief Operating Officer with 33 years of experience in the technology industry. He became President and Chief Executive Officer in October 2011 and added the title of Chairman in January 2013.
On the job as CFO since 2008
Ziegler has been the Chief Financial Officer and Senior Vice President of CDW Corporation since April 2008.
Ann Ziegler serves as senior vice president, chief financial officer and executive committee member of CDW, a provider of technology solutions for businesses, government, education and healthcare.
Ziegler is responsible for financial planning and analysis, accounting, treasury, tax, investor relations, risk management and internal audit.
Ziegler joined the company in 2008.
Prior to joining CDW, she held a number of executive positions with Sara Lee including finance, strategy and general management roles in both U.S. and international businesses.
Most recently she served as chief financial officer and senior vice president of administration for Sara Lee Food and Beverage.
Prior to joining Sara Lee, Ziegler was a corporate attorney at Skadden, Arps, Slate, Meagher & Flom.
Ziegler earned a bachelor’s degree in economics from the College of William and Mary and a law degree from University of Chicago Law School.
Ziegler serves on the Supervisory Board of Wolters Kluwer, the Board of Directors of Hanesbrands, Inc., Groupon, Inc., and the Board of Governors of the Smart Museum of Art of the University of Chicago.
Ziegler will be available on a consulting basis for 60 days post-retirement to assist with transition.
Push-out Score suggests push-out forces
It is not completely certain what forces eventually triggered Ann Ziegler’s move.
The Push-out Score™ determined by exechange suggests that push-out forces may have contributed to the management change.
Read the full story in the exechange report 42.2017 ($).