THE WHAT? Shiseido Americas has announced the appointment of Vincent Ferrato as Chief Financial Officer, effective July 1, 2021.
THE DETAILS Ferrato, who currently holds the role of EVP of Finance, Americas Region, will step into the shoes of Ron Gee, who was named as President and CEO of Shiseido Americas last week.
As CFO, Ferrato will maintain finance oversight of the region’s commercial businesses in the US, Canada and Latin America, working closely with his counterparts across the globe.
“I am very grateful to Ron and Uotani-san for the opportunity to lead the Shiseido Americas Finance team at such an important time for our company,” he said. “As our brands continue to pursue product innovation at a rapid pace and accelerate their digital transformation, foundational support from a Finance perspective will be critical to their ability to compete in a market undergoing fundamental change. Strong financial planning in the midst of business recovery and growth is the only way to ensure long-term sustainability, and I envision the Finance function as a key driver of that mission.”
THE WHY? Gee explains, “I consider myself fortunate to have been able to select Shiseido Americas’ new Regional CFO from within our internal pool of talented finance executives. During the past five years, Vinny has proven himself an instrumental partner not only to me, but to our brands, our business functions and their leaders, acting as both a true champion of growth and an advocate for fiscal responsibility across our businesses. Among our Tokyo headquarter colleagues and those of us here at Shiseido Americas, Vinny is widely respected for his business acumen, strategic thinking and his dedication to our company’s core values. I look forward to our continued work together.”