Southwest Gas CFO exits, ‘strong bench’ to handle duties

Group 1 - Global CFO turnover reached a seven-year high in the first half of the year, influenced by increased retirement rates [3] - Robert Stefani, CFO of Southwest Gas Holdings, will leave the company on December 1 to pursue other opportunities after three years in the role [7] - The company has initiated an internal and external search for a successor, with no set timeline for the appointment [7] Group 2 - Stefani's departure was by mutual agreement and not due to any disagreements regarding accounting practices or internal controls [5] - In 2022, Stefani received total compensation of $2.56 million, which included a salary of $593,601, an increase from the previous year's $2.27 million [6] - The company expressed confidence in its finance and controllers group to manage duties during the transition period [7]