The Ledger ResearchPrivate

The Front Office

Scouting report · AVGO

Amie Thuener

  • Chief Financial Officer, AVGO since 2026-06src

Broadcom CFO since June 2026; Alphabet's chief accounting officer 2018-2026

—thin record

Not ranked yet

Scouting sheet

as of 24 Sep 2026
Delivers guidance—0 beat · 2 met · 0 missed · 0 withdrawn — fewer than 4, not scored
Answers the question463 dodges in 3 answers on 1 call
Capital allocation—company five-year record: compounds — inherited: the five-year record is mostly a predecessor's
Pay design50revenue, operating income, strategic, individual, relative tsr, tsr, time only · 66.4% for
Skin in the game—no holding or price on file
Age
51src
In the role
4 mo
Promises scored
2
Hit rate
100%
Dodges / 100 answers
100.0
Airtime on calls
19%
Every promise, oldest firstMM

What to weigh

Watch 5

  • First CFO role, and the first operating-company role outside Alphabet since 2013. The dossier's S8 record for her covers one quarter (Q3 FY26), which was metsrc
  • On 2026-07-02, three weeks into the job, she adopted a 10b5-1 plan to sell 50% of the net shares from vesting of up to 150,000 shares plus any future awards, running to 2027-09-28src
  • On her first call as CFO (Q3 FY26), the dossier logs two dodges in her own answers: out-year gross margin, and the maximum exposure under the XPV backstop residual-value guaranteessrc
  • Spears retired from CFO and Chief Accounting Officer together. The 8-K gives Thuener the CFO title only and does not name a new Chief Accounting Officer; she signed the Q3 FY26 10-Q alone, as CFOsrc
  • Hired on a $700,000 base salary, against Spears' $412,000 for FY2025, plus a $1,000,000 cash sign-on bonus, and 50,000 RSUs and 50,000 target PSUs at startsrc

In their favour 1

  • Deep accounting and SEC-reporting background: CAO at Alphabet, Google Chief Accountant, PwC transaction services, a FASB practice fellowship, and chair of a public-company audit committeesrc

Career

  1. 2026-06 – now
    Broadcom Inc.src
    Chief Financial Officer
    Employment began 2026-05-04 (expected date in the 8-K); CFO from 2026-06-12. Signed the Q3 FY26 10-Q as CFO
  2. 2018 – 2026-04
    Alphabet Inc.src
    Vice President, Corporate Controller and Chief (Principal) Accounting Officer
    Resigned effective 2026-04-09 'to pursue another professional opportunity', no disagreement stated (GOOG-8K-2026-04-02). Per Nordstrom's 2022 8-K the role covered global external reporting and leadership of the finance teams of the non-Google Alphabet companies
  3. 2013 – 2018
    Google / Alphabet Inc.src
    Senior finance positions, including Vice President and Chief Accountant
    Chief Accountant: global accounting policy, SEC reporting, M&A accounting support (JWN-8K-2022)
  4. 1996 – 2012
    PricewaterhouseCoopers LLPsrc
    Senior management positions, finishing as Managing Director, Transaction Services

Not located: The move from PwC (to 2012) to Google (from 2013) is not dated to the month in any source read. The dates of her FASB practice fellowship are not stated in the one search result that mentions it. No source gives her degree's type or year.

Achievements

  • Chief accounting officer of Alphabet from 2018 to April 2026, responsible for global external reporting; also led the finance teams of the non-Google Alphabet companiessrc
  • Google's Chief Accountant from 2013 to 2018, running global accounting policy, SEC reporting and M&A accounting supportsrc
  • Sixteen years at PwC (1996-2012), finishing as Managing Director in Transaction Servicessrc
  • Certified Public Accountant and Chartered Global Management Accountantsrc
  • Chaired Nordstrom's Audit & Finance Committee and sat on the three-person special committee that negotiated the company's 2024 take-private agreementsrc

Education

  • University of California, Santa Barbara, Business Economics and Philosophysrc

Background

  • Family The appointment 8-K states she has no family relationship with any Broadcom director or executive officer (Item 401(d))src
  • Boards Independent director of Keurig Dr Pepper since 2026-03-02, on its Audit and Finance Committee. She was appointed while still at Alphabet and kept the seat on joining Broadcomsrc
  • Boards Independent director of Nordstrom from 2022-03-15 until the take-private closed on 2025-05-20, when she resigned. She chaired the Audit & Finance Committee and was paid $275,829 as a director for FY2023src
  • Boards Special committee member (with Kirsten Green and Eric Sprunk) formed February 2024 to evaluate the Nordstrom family's interest in a buyout; its recommendation led to the agreement with the Nordstrom family and El Puerto de Liverpoolsrc
  • Service Has served as a practice fellow at the Financial Accounting Standards Board (dates not given)src
  • Other The 8-K reports no Item 404(a) related-party interestsrc
  • Other Files her Section 16 reports as Amie Thuener O'Toole. Alphabet also used that name, and the ROIC.ai transcript labels her 'Amie O'Toole'. Broadcom's filings use 'Amie Thuener'src

The promise ledger

2 scored · 0 open
ResultWhat was promisedWhere it is scoredHow
M MetQ3 FY26AVGO row 8written outlook
M MetQ3 FY26AVGO row 8written outlook

Questions dodged

100.0 per 100 answers

  1. Q3 FY26 · gross margin in FY27 and FY28 · Vivek Arya (BofA). "I just wanted to clarify any impact on gross margins in '27 and '28". Thuener: "We guide one quarter at a time."; Tan redirected to operating margin — "stop focusing on gross margin". Turns 27–30. On CALL-Q2FY26 Ross Seymore asked whether the mix-driven decline would continue and Spears answered in direction ("you are going to have a decline in ma…

    from AVGO · dossier-2026-09-24.md

  2. Q3 FY26 · maximum off-balance-sheet exposure of the backstop agreements · Jack Adair (for Ben Reitzes, Melius). "Could you shed a little bit more light on the maximum off-balance sheet risk for the backstop agreements?" Thuener: "we don't have anything to announce today on residual value guarantees for backstop" — an answer about announcements, not about the maximum. Turns 24–25.

    from AVGO · dossier-2026-09-24.md

  3. Q3 FY26 · how much of the FY28 Anthropic/OpenAI gigawatts XPV will finance · Joshua Buchalter (TD Cowen). Tan pointed to Anthropic's IPO changing its credit; Thuener: case by case. No share given. Turns 39–41.

    from AVGO · dossier-2026-09-24.md

Calls reviewed

  • FY2026-Q3.roic.json — 3 answers, 19% of the words

Sources

18
  1. Filing Broadcom Inc. 8-K Item 5.02, CFO transition, Thuener offer letter and equity awards (0001193125-26-140574) · 2026-04-02
  2. Filing Broadcom Inc. 10-Q for the quarter ended 2026-08-02, Item 5 (10b5-1 plan) and signature (0001730168-26-000080) · 2026-09-10
  3. Filing Form 3, Amie Thuener O'Toole (reporting CIK 1738007), Broadcom, event date 2026-06-12 (0001730168-26-000058) · 2026-06-17
  4. Filing Form 4, Amie Thuener O'Toole, Broadcom RSU grant of 2026-06-15 (0001730168-26-000060) · 2026-06-17
  5. Filing Form 4, Amie Thuener O'Toole, Broadcom tax withholding of 2026-09-15 (0001730168-26-000084) · 2026-09-17
  6. Filing Alphabet Inc. 8-K Item 5.02, resignation of the Vice President, Corporate Controller and Principal Accounting Officer (0001652044-26-000031) · 2026-04-02
  7. Filing Form 3, Amie Thuener O'Toole, Alphabet Inc. (0001209191-18-026712), her first Section 16 filing · 2018-04-27
  8. Filing Nordstrom, Inc. 8-K Item 5.02, appointment of Amie Thuener to the Board (0000072333-22-000062) · 2022-03-18
  9. Filing Nordstrom, Inc. DEF 14A, 2024 annual meeting (0000072333-24-000046) · 2024-04-11
  10. Filing Nordstrom, Inc. 8-K Ex. 99.1, take-private agreement press release (0001213900-24-111520) · 2024-12-23
  11. Filing Form 4, Amie Thuener O'Toole, Nordstrom merger cash-out and board resignation (0000072333-25-000071) · 2025-05-20
  12. Filing Keurig Dr Pepper Inc. 8-K Item 5.02, two new directors effective 2026-03-02 (0001418135-26-000007) · 2026-02-12
  13. Filing Broadcom Inc. DEF 14A (2026 annual meeting): Summary Compensation Table, APB Plan design, CEO pay ratio · 2026-03-02
  14. Filing Broadcom Inc. 8-K Item 5.07, 2026 annual meeting vote (0001730168-26-000039) · 2026-04-21
  15. Filing SEC XBRL companyconcept us-gaap/ProfitLoss, CIK 1730168, FY2025 10-K (0001730168-25-000121); Broadcom does not tag NetIncomeLoss for FY2025 · 2025-12-18
  16. Call transcript AVGO Q3 FY2026 earnings call (2026-09-02), ROIC.ai; she is labelled "Amie O'Toole"
  17. Web search result WebSearch: Keurig Dr Pepper leadership page, Amie Thuener O'Toole (UC Santa Barbara, Business Economics and Philosophy; CPA; CGMA) · 2026-09-24
  18. Web search result WebSearch: Keurig Dr Pepper press release 2026-02-12, 'Keurig Dr Pepper Announces New Directors and Governance Changes' (FASB practice fellow; 30 years in finance and accounting) · 2026-09-24