Corporate Finance Teams Divide Duties, Delay Exit During Virus

Companies facing finance chief vacancies are leaning on existing executives to deal with business disruptions from the coronavirus pandemic, sometimes by dividing duties or delaying retirement.

Lululemon Athletica Inc. is reassigning tasks among others on its finance team while searching to replace Chief Financial Officer Patrick “PJ” Guido, who’s leaving in May for another CFO job outside the apparel industry. Lufthansa AG similarly split up its finance role after CFO Ulrik Svensson resigned for health reasons earlier this month.

At Delta Air Lines Inc., its longtime CFO Paul Jacobson is postponing retirement to help weather a record drop in travel. ...