May 13, 2013 Leave a comment
CFO Moves this week include:
|Microsoft Corp.||American Express||The Wendy’s Company|
|GoDaddy||KeyCorp||Citrix Systems, Inc.|
|FelCor Lodging Trust Incorporated||WANdisco||Direxion|
|Terreno Realty Corporation||Saba||AAR Corp.|
|Citizens Community Bank||NGL Energy Partners LP||Retrophin, Inc.|
|Coeur d’Alene Mines Corporation||Eli Lilly and Company||Comstock Resources, Inc.|
|Egalet Ltd.||Pegasus Solutions||Hampshire Group, Limited|
|Camden Property Trust||Appirio||Parker Drilling Company|
|Siemens Enterprise Communications||Healthcare Corporation of America||magicJack VocalTec Ltd.|
|BlackRock, Inc.||Acorn Energy, Inc.||Ambient Corporation|
|SeaChange International||Riverbed Technology, Inc.||Midas Medici Group Holdings, Inc.|
|Applied Nanotech Holdings, Inc.||Layne Christensen Company||Vornado Realty Trust|
|Serena Software, Inc.||Steele Resources Corporation||Checkpoint Systems, Inc.|
|Oleen Pinnacle Healthcare Consulting||Calvin B. Taylor Bankshares, Inc.||WebMD Health Corp.|
|Craig Wireless Systems Ltd.|
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CFO Moves is published by Samuel Dergel (Executive Search Consultant and CFO & Financial Executive Search Specialist with Stanton Chase International). Samuel can be reached by email at [email protected] or by phone at +1 (415) 738-2070.
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Microsoft Corp. announced that Amy Hood was named Microsoft chief financial officer, succeeding outgoing CFO Peter Klein who will remain at Microsoft through the end of June to ensure a smooth transition. Hood joined Microsoft in December 2002 and currently serves as CFO of MBD. Previously, Hood served as chief of staff in the Server and Tools group, then ran the strategy and business development team in MBD before becoming CFO of the division in January 2010. Before joining Microsoft as a part of the investor relations group, she worked at Goldman Sachs in various roles including investment banking and capital markets groups.
American Express (NYSE: AXP) announced that its Chief Financial Officer, Dan Henry, has announced his planned retirement. Mr. Henry plans to stay with the company as CFO until his successor is in place.
The Wendy’s Company (NASDAQ: WEN) announced that Todd Penegor, most recently President of the Kellogg Company’s U.S. Snacks Division, will join Wendy’s in June. Following a transition period, Penegor will succeed Steve Hare as Senior Vice President and Chief Financial Officer on September 1 and Hare will retire from the Company. Penegor has been Vice President, Kellogg Company, and President of the $4 billion in sales U.S. Snacks division for the past 4½ years. He was also a member of Kellogg’s North America leadership team and is the executive sponsor of the Kellogg African American Resource Group. Penegor joined Kellogg in 2000 as Senior Director, Global Financial Strategy and Planning. He was promoted to Vice President, Finance, Corporate Financial Planning in 2001. In February 2002, he was promoted to VP and CFO, Kellogg USA and in May 2002, was appointed VP and CFO for Kellogg’s Snacks. In 2007, he was promoted to VP and CFO for Kellogg Europe. Prior to joining Kellogg, Penegor spent 12 years with Ford Motor Company in various positions, including strategy, M&A, the controller’s office and treasury.
GoDaddy announced its new Chief Operating Officer and Chief Financial Officer Scott Wagner. Wagner was a KKR Capstone Member and the leader of KKR’s portfolio operations team in North America, who stepped in as GoDaddy’s interim CEO last summer. Wagner began working with GoDaddy a short time after KKR, Silver Lake Partners and Technology Crossover Ventures made strategic investments in the company in 2011.
KeyCorp (NYSE: KEY) announced that Jeffrey B. Weeden, Chief Financial Officer, has informed the Company of his plan to retire after nearly 11 years in the role.
Citrix Systems, Inc. (NASDAQ: CTXS) announced the appointment of a new director, Robert (Bob) D. Daleo, who served as vice chairman of Thomson Reuters Corporation in 2012 and as executive vice president and chief financial officer from November 1998 to January 2011, to its board of directors. Daleo began his career with Thomson in 1994 when he joined Thomson Newspapers as senior vice president and chief financial officer. Beginning in 1996, he served as chief operating officer of Thomson Newspapers, and was responsible for a significant portion of its U.S. operations. In 1997, he was appointed senior vice president of Thomson Corporation responsible for finance, operations, business development and strategy. Prior to joining The Thomson Corporation, he held various financial and operations positions with McGraw-Hill and Automatic Data Processing. Daleo is also a member of the board of directors for Equifax, is chairman of the Fordham University Board of Trustees, and is Chairman of the New Jersey Community Development Corporation.
FelCor Lodging Trust Incorporated (NYSE: FCH) announced the appointment of Michael C. Hughes as Senior Vice President, Chief Financial Officer and Treasurer, effective July 1, 2013. Mr. Hughes succeeds Andrew J. Welch, who is leaving the company after 15 years of service. Mr. Welch will remain with FelCor through December 31, 2013 to facilitate the transition. Before undertaking his new role, Mr. Hughes served as FelCor’s Senior Vice President, Finance and Treasurer. He joined the company in 2006 as Vice President, Finance and assumed additional responsibilities as the company’s Treasurer in 2009. Mr. Hughes has more than 15 years of experience in finance, having also served as the Vice President of Corporate Finance for Wyndham International, Inc. (which he joined in 2002) and as a business consultant with Maverick Management LLC.
WANdisco (LSE: WAND) announces the appointment of Paul Harrison as the Company’s new Chief Financial Officer. Mr Harrison, who will be based in California, joins WANdisco from The Sage Group plc. Mr Harrison joined Sage in 1997 from Price Waterhouse to become Group Financial Controller. He joined the Board of Sage in April 2000 as Chief Financial Officer. In May 2007, he was appointed to the Board of Hays plc as a Non-Executive Director and, in November 2011, became its Senior Independent non-executive director. Mr Harrison’s appointment will take effect from 1 September 2013.
Direxion announced that Patrick Rudnick has been appointed Chief Financial Officer of Direxion. Mr. Rudnick was most recently a Vice President in the Fund Administration division of U.S. Bancorp Fund Services. Mr. Rudnick began his career as a Fund Accountant at U.S. Bancorp. Mr. Rudnick served as an Audit Manager with PricewaterhouseCoopers before rejoining U.S. Bancorp in 2006.
Terreno Realty Corporation (NYSE: TRNO) announced the promotion of Jaime J. Cannon to Chief Financial Officer. Mr. Cannon joined Terreno Realty Corporation in March 2010 and currently serves as Senior Vice President overseeing finance and accounting. Prior to joining Terreno Realty Corporation, he worked at AMB Property Corporation (now Prologis), from 2003 to 2010 in various capacities, most recently as Vice President, Treasury.
Saba (OTC: SABA) announced the appointment of Mark W. Robinson as Chief Financial Officer. Saba anticipates that Mr. Robinson will assume his new position with the Company on or prior to June 3, 2013. He joins Saba after spending nearly five years with Calypso Technology, Inc., where he served as Chief Financial Officer. Prior to joining Calypso Technology, Inc., he served as Chief Financial Officer of Discus Dental. He was previously Chief Financial Officer of Q Comm International. He also served in several other management roles at companies including Prometrix/KLA-Tencor and Hewlett Packard Corporation.
AAR Corp. (NYSE: AIR) announced that John Fortson will join the Company on July 1, 2013, as Vice President of Finance. Fortson will then become Vice President, Chief Financial Officer and Treasurer on July 19, 2013, or as soon as possible following the filing of the Company’s Form 10-K for its fiscal year ending May 31, 2013. Mr. Fortson joins the Company from Bank of America Merrill Lynch, where he held the position of Managing Director, Investment Banking. Fortson joined Merrill Lynch in 1998 and was promoted to Managing Director in 2007. Prior to joining Merrill Lynch, Fortson served for seven years as an infantry officer in the U.S. Army, with his final assignment as a company commander in the storied 82d Airborne Division, Fort Bragg, N.C.
Citizens Community Bank (OTC: CZYB) announced the addition of Vera H. Primm as its new Chief Financial Officer. She succeeds James R. Black following his promotion to Bank President and CEO last November. Primm previously served as Chief Financial Officer at Bank of Virginia, Peoples Bank of Virginia and F&M Bank.
NGL Energy Partners LP (NYSE:NGL) announced that Atanas H. Atanasov has been appointed Chief Financial Officer. Most recently Mr. Atanasov was the Senior Vice President of Finance and Treasurer. Prior to joining NGL Energy Partners in November 2011, Atanasov spent 9 years at GE Capital both in lending and leveraged equity. Prior to GE Capital, he was with the Williams Company.
Retrophin, Inc. (OTC: RTRX) announced that it has named Marc L. Panoff as Chief Financial Officer and Chief Accounting Officer. Most recently, Mr. Panoff was a Senior Partner and Vice President of Finance at GroupM North America. Previously, he was Chief Financial Officer of Neurologix Inc. and Nephros, Inc. Earlier in his career, he was Corporate Controller for Medicis Pharmaceutical Corporation.
Coeur d’Alene Mines Corporation (NYSE: CDE) announced that Peter C. Mitchell has been appointed to Senior Vice President and Chief Financial Officer effective June 3, 2013. Mr. Mitchell has served as Chief Financial Officer of Taseko Mines Limited since September 2008. Previously, Mr. Mitchell has served as President of Florida Career College; President and Chief Executive Officer of Vatterott Educational Centers, Inc.; Vice Chairman and Chief Financial Officer of Von Hoffmann Corporation; Senior Vice President and Chief Financial Officer of Crown Packaging Ltd.; and Vice President and Chief Financial Officer of Paperboard Industries Corporation.
Eli Lilly and Company (NYSE: LLY) announced that John C. Lechleiter, Ph.D., chairman, president, and chief executive officer, will be taking a medical leave of absence. Derica W. Rice, executive vice president, Global Services and chief financial officer, will assume the additional role of acting chief executive officer during Lechleiter’s leave. Rice has more than 22 years of service with Eli Lilly and Company, including leadership roles in finance and general management. He became chief financial officer in 2006 and assumed leadership of the company’s global services organization in 2010.
Comstock Resources, Inc. (NYSE: CRK) announced the appointment of Roland O. Burns as President. Mr. Burns has been with Comstock since 1991. Mr. Burns will retain his responsibilities as Chief Financial Officer.
Egalet Ltd. announced the appointment of Stan Musial as chief financial officer (CFO). Stan most recently spent six years as vice president of finance and administration, chief financial officer, treasurer and secretary of Prism Pharmaceuticals, which was successfully sold to Baxter Healthcare in 2011. Prior to joining Prism he held the position of vice president, finance, and CFO for Strategic Diagnostics, Inc. He began his career with KPMG LLP.
Pegasus Solutions has named Temple Weiss chief financial officer. Most recently, Weiss served as executive vice president and chief financial officer of ACE Cash Express, Inc. in Irving, Tex. Prior to that, he was with LQ Management and La Quinta Corporation for more than 10 years. At La Quinta Corporation, he held various finance positions, ultimately serving as vice president, development. With LQ Management, he held the role of executive vice president, development and acquisitions, and later, executive vice president and chief financial officer. He began his career with Bristol Hotels & Resorts in Dallas.
Camden Property Trust (NYSE: CPT) announced the appointment of Alexander J. Jessett as Chief Financial Officer. Mr. Jessett succeeds Dennis M. Steen, who is retiring after serving as Camden’s Chief Financial Officer since 2003. Mr. Jessett joined Camden’s Finance department in 1999 and has served as Senior Vice President – Finance and Treasurer since 2009.
Appirio announced the appointment of Jeff Epstein to its Board of Directors. Jeff will chair Appirio’s Audit Committee and is the company’s second independent board director. Jeff brings more than 25 years of financial expertise to Appirio, and is currently an operating partner at Bessemer Venture Partners. He serves on multiple boards, including priceline.com, Kaiser Permanente and Shutterstock. Jeff most recently served as executive vice president and chief financial officer of Oracle. Earlier, Jeff Epstein was executive vice president and chief financial officer of DoubleClick.
Parker Drilling Company (NYSE: PKD) announced that Christopher T. (Chris) Weber has been selected as senior vice president and chief financial officer. Mr. Weber most recently served as vice president and treasurer of Ensco plc.
Siemens Enterprise Communications announced Mark Greenquist has joined the company in the role of Chief Financial Officer. Greenquist joins Siemens Enterprise Communications from Telcordia Technologies, Inc., where he served as President and Chief Executive Officer, and, previously, as CFO. Greenquist has a track record of success in senior financial positions at Symbol Technologies, Agere Systems and General Motors Europe. Greenquist takes over from Ray Leclercq, who had served as CFO in an interim capacity. Leclercq will remain with Siemens Enterprise Communications leading internal transformation programs, as well as his role within the Gores Group, Siemens Enterprise Communications’ principal shareholder.
Healthcare Corporation of America (OTC: SWCAL) has named Yoram Bibring its chief financial officer, effective June 3. Mr. Bibring was most recently at financial-software company Fundtech from 2001 through 2012. Prior to joining Fundtech, Mr. Bibring was CFO at ViryaNet.
magicJack VocalTec Ltd. (NASDAQ: CALL) announced that Jose Gordo has been appointed Chief Financial Officer. Mr. Gordo joined magicJack in early 2013. In 2011, he co-founded Southcap Partners. Prior to that, Mr. Gordo was a Managing Director of a private equity firm and was a partner at the national law firm of Akerman Senterfitt. Peter Russo, magicJack’s former Chief Financial Officer, is remaining with the company as a consultant.
BlackRock, Inc. (NYSE: BLK) announced Ann Marie Petach transitioned from the role of Chief Financial Officer and joined the Company’s BlackRock Solutions® group as Senior Managing Director in the Client Solutions business and that Gary S. Shedlin became Chief Financial Officer of the Company.
Acorn Energy, Inc. (NASDAQ: ACFN) announced that Joe Musanti has been named President and CEO of GridSense™. Mr. Musanti was named COO/CFO of GridSense in January 2013, following his resignation from the Acorn Energy Board of Directors, where he served from September 2007 until December 2012. He previously served in various positions including President, General Manager and CFO of Main Tape. Prior to that, Mr. Musanti was Vice President Finance of Rheometric Scientific, Inc.
Ambient Corporation (NASDAQ: AMBT) announced that Mark Fidler has resigned from the positions of Chief Financial Officer, Treasurer and Vice President in order to pursue other opportunities. The company appointed Stacey Fitzgerald as the Company’s Chief Financial Officer. Ms. Fitzgerald has been Controller of the Company since July 9, 2012. Prior to joining Ambient, from February to June 2012, Ms. Fitzgerald worked as an independent consultant at Accounting Management Solutions. From February 1998 to December 2006, she served as Vice President of Finance, as well as other senior finance positions at RSA Security.
SeaChange International (NASDAQ: SEAC) announced that Michael Bornak has resigned as Chief Financial Officer, effective May 31, 2013, to accept a position at another publicly traded company. Effective June 1, 2013, Anthony Dias, SeaChange’s Chief Accounting Officer, has been promoted to Senior Vice President and will serve as interim Chief Financial Officer. Mr. Dias joined SeaChange in 2007 as Vice President of Finance and Corporate Controller. He became Chief Accounting Officer in 2012. Previously, he served as Corporate Controller at LeMaitre Vascular, Inc. and also held various senior finance positions with Candela Corporation, Globalware, Inc. and Aldiscon, Inc.
Riverbed Technology, Inc. (NASDAQ: RVBD) appointed Ernest E. Maddock as Executive Vice President and Chief Financial Officer. Mr. Maddock will serve as Riverbed’s Principal Financial Officer and Principal Accounting Officer. As previously announced, Randy S. Gottfried resigned as Chief Operating Officer and Chief Financial Officer (including Principal Financial and Accounting Officer) of Riverbed. Mr. Maddock had previously served as Senior Vice President and Chief Financial Officer of Lam Research Corporation. From October 2003 to September 2008, Mr. Maddock served as Senior Vice President of Global Operations of Lam Research.
Midas Medici Group Holdings, Inc. (OTC: MMED) announced that Johnson Kachidza resigned as President and Chief Financial Officer of the Company. Mr. Kachidza will continue to serve as a member of the Company’s board of directors. On an interim basis, to help facilitate the transition and assist the Company until a new Chief Financial Officer is identified, board member and Audit Committee Chairman Hank Torbert will serve as a consultant to the Company.
Layne Christensen Company (NASDAQ: LAYN) announced that James R. Easter has been named Chief Financial Officer. Mr. Easter most recently served as Chief Financial Officer of SEH Offshore Ventures. In 2010, he accepted the position of Chief Financial Officer at Seahawk Drilling. The following year, Mr. Easter was appointed President and CEO of Seahawk. From 2002-2008, Mr. Easter was Vice President of Finance and Treasurer, and then Vice President of Corporate Development and Strategic Planning at McDermott International. Prior this, Mr. Easter was Vice President, Transaction Development and Support, at Reliant Energy Solutions, Inc., part of Reliant Energy.
Vornado Realty Trust (NYSE:VNO) announced that Joseph Macnow has been appointed as the Company’s Chief Administrative Officer, in addition to continuing his role as Executive Vice President – Finance. Mr. Macnow served as Vornado’s Executive Vice President – Finance and Administration and Chief Financial Officer since 1985. The Company also announced today that Stephen W. Theriot has been appointed as the Company’s Chief Financial Officer (principal financial officer and principal accounting officer). Prior to joining the Company, Mr. Theriot had been a partner of Deloitte & Touche LLP–having been with Deloitte & Touche LLP since 1986. Mr. Theriot most recently served as the Managing Partner of Deloitte’s Northeast real estate practice.
Serena Software, Inc. announced that Joseph Passarello’s employment as Senior Vice President, Finance and Chief Financial Officer of Serena terminated. The company also announced that Edward Malysz was appointed as Serena’s acting chief financial officer and principal accounting officer. Mr. Malysz joined Serena in April 2006 as Senior Vice President, General Counsel and Secretary. Mr. Malysz served as Vice President, Legal of Symantec Corporation, a security and storage software company, from July 2005 to April 2006. From April 2002 to July 2005, Mr. Malysz served in various legal roles at VERITAS Software Corporation, including Vice President, Corporate Legal Services. From June 1999 through October 2001, Mr. Malysz served in a variety of roles with E-Stamp Corporation, including Acting Chief Financial Officer and General Counsel. From July 1993 to June 1999, Mr. Malysz held various legal positions with Silicon Graphics, Inc.
Steele Resources Corporation (OTC: SELR) announced that John J. Ryan resigned as the Company’s Chief Financial Officer and as a member of the Board of Directors.
Checkpoint Systems, Inc. (NYSE: CKP) announced the appointment of Jeff Richard as Executive Vice President and Chief Financial Officer. Mr. Richard will replace Raymond D. Andrews who is retiring from Checkpoint on July 31, 2013. Mr. Richard most recently served as Executive Vice President and Chief Financial Officer at Safety-Kleen Systems, Inc. from 2010 to 2013. From 2006 to 2010, Mr. Richard served as Chief Operating Officer and Chief Financial Officer at Pavestone Company. Previously, Mr. Richard was Vice President of Financial Planning & Analysis at Electronic Data Systems Corp. and Chief Financial Officer and Vice President of Americas Operations at Jacuzzi Brands, Inc. Earlier in his career he worked in a variety of financial positions at Tyco International Ltd., ultimately serving as Chief Financial Officer for Tyco’s $2.2 billion Plastics & Adhesives segment.
Oleen Pinnacle Healthcare Consulting announced that Mark Baer has joined as Chief Financial Officer. Prior to joining Oleen Pinnacle, Baer led payroll administration and corporate tax for Allied Wireless Communications Corporation. Baer’s experience also includes tax and accounting leadership roles at Verizon Wireless, Alltel Corporation and Alltel Information Services.
Calvin B. Taylor Bankshares, Inc. (OTC: TYCB) and its wholly-owned subsidiary, Calvin B. Taylor Banking Company of Berlin, Maryland (the “Bank”), appointed M. Dean Lewis as Principal Financial Officer and Treasurer of the Company, and Chief Financial Officer and Assistant Vice President of the Bank. Mr. Lewis succeeds William H. Mitchell who retired from the positions of Principal Financial Officer and Treasurer of the Company, and Chief Financial Officer of the Bank. Mr. Mitchell will remain a Vice President of the Company and Executive Vice President of the Bank, and was appointed as Chief Operating Officer of the Bank, a newly created position. Mr. Lewis joined the Bank in December 2011 as Financial Officer. Prior to joining the Bank, Mr. Lewis was employed by the public accounting firm PricewaterhouseCoopers LLP from 2002 to 2010 and served clients in various industries including banking, and most recently held the position of Tax Director. From 2010 to 2011, Mr. Lewis was the Controller of MaTech Solutions, Inc.
WebMD Health Corp. (NASDAQ: WBMD) announced that the Board had appointed Peter Anevski to serve as Executive Vice President and Chief Financial Officer. Mr. Anevski has served in senior finance and operations roles at WebMD and its predecessor companies for 14 years, most recently as Senior Vice President, Finance for more than five years. Mr. Anevski succeeded Anthony Vuolo, who remains a member of senior management of WebMD, serving as Senior Vice President, focusing on strategic projects.
Craig Wireless Systems Ltd. (TSX: CWG) reported that its Chief Financial Officer, Murray Bamforth’s contract will not be renewed and that Mr. Bamforth will be leaving Craig Wireless effective July 15, 2013.