Fortune’s 40 Under 40 winners include a CFO and a 31-year-old chief economist

A group of leaders who made significant advances in their careers before the age of 40 are recognized for their talents.

The Fortune 2022 40 Under 40 list showcases influential people shaping the business world. And three leaders in particular are making their mark in the fields of finance and business.

Meta Chief Financial Officer Susan Li, 36 years old
Susan Li is part of a small group of CFOs who lead the finance organization of Fortune 500 companies that have not yet reached their 40th birthday. Li only began her tenure as CFO on Nov. 1, replacing David Wehner, who has assumed a new role as Meta’s first chief strategy officer. Previously, Li had been vice president of finance at Meta, Facebook’s parent company, since 2008.

The Stanford graduate is CFO at a pivotal time for the company. Repositioning the company around the Metaverse technology and managing the balance sheet are on the agenda. Meta laid off 13% of its workforce on Nov. 9, roughly 11,000 employees. CEO Mark Zuckerberg took the blame for expanding too quickly, but Li will have to cope with an economic and advertising slump.

In October, Li attended a panel session with CFOs that I moderated assets Most Powerful Women Summit. “Traditionally, people viewed CFOs as stewards,” and that includes “running a tight finance ship,” Li said at the event. But today, CFOs wear so many more hats, she noted. “The CFO is truly a partner in guiding the business direction and product vision for the company.”

Joelle Gamble, Chief Economist, US Department of Labor, 31 years old

Discussing the latest job market developments and HR trends is part of Joelle Gamble’s job. She took up her role as Chief Economist in May. “The scale of change the government can make, even the smallest administrative action, has a huge impact on businesses and workers,” she said wealth. “I never thought I would ever have the opportunity to help people on this scale.” Gamble is the second black woman to serve as chief economist at the US Department of Labor. The Princeton graduate is also a former special assistant to the president for economic policy in the Biden-Harris administration. Gamble believes it’s important to have diverse perspectives and representation in areas like business. Of the economists employed by the federal government, only 29% are women and only 10% identify as a minority.

Anne-Victoire Auriault, Partner, Goldman Sachs, Global Markets Division, age 34

Anne-Victoire Auriault has been with Goldman Sachs for more than 10 years. And in 2019 she was appointed Managing Director. The following year, she became one of the youngest women in the company’s history to become a partner. “I think it was important to see that it’s possible to find a partner as a trader, especially one who is devoted to her family and emphasizes a healthy work-life balance for her team,” Auriault said wealth. “After my promotion, many women reached out to me and let me know what was a turning point for them.” adds: “Initially, I focused on the US. Now I lead the team worldwide.”

You can see the full 40 under 40 list here.

See you tomorrow.

Sheryl Estrada
[email protected]

Big thing

In October, U.S. non-auto retail sales increased 9.5% year-on-year (YOY) and 23.6% compared to October 2019. according to Mastercard SpendingPulse. E-commerce sales increased 12.7% YOY in October and 96.% compared to the same point in 2019. “In October we saw that the strength of the job market continued to support consumer spending power,” Michelle Meyer , US chief economist at Mastercard Economics Institute, said in a statement. Another key finding from the report is that U.S. non-auto retail sales on Black Friday are expected to grow 15% year over year. Mastercard SpendingPulse measures in-store and online retail sales across all payment types and is not adjusted for inflation.

go deeper

A new report from research and advisory firm Gartner explains why finance leaders need to create a sense of belonging to keep individuals in digital roles. “Digital talent has very different priorities than core finance talent and often feels alienated and as a result is more likely to seek other roles,” says Gartner. Digital talent is defined as those who have the experience and skills needed to drive digital finance transformation and operate in a digital environment. The report recommends best practices.

leaderboard

Jason Conley has been promoted to CFO, effective February 1, 2023, at Roper Technologies, Inc. (NYSE: ROP), a manufacturer of engineered products for niche global markets. Conley will succeed Rob Crisci as EVP and CFO. Conley, 47, is currently VP and Chief Accounting Officer at Roper. He joined the company in 2006 as Head of Financial Planning and Analysis and Investor Relations. Conley also served as SVP of finance and human resources at Roper’s Managed Health Care Associates business. Earlier in his career, Conley held positions of increasing responsibility at Honeywell International and Deloitte.

Donald C Templin has been appointed EVP and CFO at Voya Financial, Inc. (NYSE: VOYA), a healthcare, wealth and investment company. Templin brings more than 30 years of corporate finance experience to Voya, most recently as EVP and CFO of Marathon Petroleum Corp. He was also CFO of MPLX LP, a diversified, large-cap master limited partnership formed by Marathon Petroleum. Additionally, Templin has held a number of leadership positions at Marathon Petroleum and MPLX, including EVP of Supply, Transportation and Marketing at Marathon Petroleum; President of MPLX; and President of Marathon Petroleum. Before joining Marathon Petroleum in 2011, he held various positions at PwC, including as a partner with the firm.

overheard

“It is not yet time for us to change the course of our monetary policy. We haven’t finished the job yet. And now taking your foot off the brake and not getting the job done is the absolute worst mistake the Fed could possibly make. “

—Ken Griffin, founder and CEO of Citadel, a large hedge fund that manages more than $50 billion in assets, said Tuesday in an interview at Singapore’s Bloomberg New Economy Forum that a complete halt to rate hikes would be worse could have an impact on the economy wealth reported.

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