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McCarthy Holdings Inc. Promotes Newman to Chief Financial Officer

Kristine Newman
Kristine Newman
PHOENIX, AZ — McCarthy Holdings Inc. promotes Kristine Newman to Chief Financial Officer. Prior to assuming this role, Newman served as Executive Vice President for the company. She replaces retiring CFO Doug Audiffred, and reports directly to McCarthy Holdings Inc. Chairman and Chief Executive Officer Ray Sedey.

Newman joined McCarthy in 2005 as Controller for the builder’s Southwest region, which is based in Phoenix, and was promoted to Vice President, Finance in 2016 and Senior Vice President, Finance in 2018. In 2019, she assumed the Executive Vice President, Finance position and became a member of McCarthy’s enterprise leadership team. Now as Chief Financial Officer, she will be responsible for all accounting, finance, and insurance components of McCarthy including cash management, investments, internal audit financial reporting and risk management.

“Kris has been working closely with [outgoing CFO] Doug Audiffred for some time to ensure a thoughtful and smooth transition,” Sedey said. “In addition to her outstanding financial acumen, strong work ethic, and exceptional professionalism, Kris brings a deep understanding of McCarthy and our industry. She is an inspirational and trustworthy leader, and I speak for our entire leadership team and all our employee-owners when I express how pleased we are to welcome Kris into this role.”

Newman began her career with Arthur Andersen LLP, working on audit and consulting engagements in the firm's Chicago and Phoenix offices, prior to joining McCarthy. She is a Certified Public Accountant (CPA). Newman earned her bachelor’s degree in accounting from Purdue University.

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