CFO Moves this week include:
|Kraft Foods Group||KBR||Ingersoll-Rand|
|Logitech International||Coca-Cola Enterprises||ForgeRock Inc.|
|Capital Access Network, Inc.||Newmont Mining Corporation||AG Mortgage Investment Trust, Inc.|
|Silver Spring Networks, Inc.||SPI Solar||Accuray Incorporated|
|Craig Wireless Systems Ltd.||Convene||Fish & Richardson|
|Safe-Guard Products International, LLC||NV Energy, Inc.||Gaming Partners International Corporation|
|Synthesis Energy Systems, Inc.||NFP||SonaCare Medical|
|MSA||Vital Therapies, Inc.||Acquia|
|Pegasystems Inc.||Liquid Robotics||GoodData|
|InoLife Technologies, Inc.||SeaChange International||Uber|
|Mistras Group, Inc.||Immunomedics, Inc.||Alliqua, Inc.|
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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 firstname.lastname@example.org or by phone at +1 (415) 738-2070.
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Kraft Foods Group (NASDAQ: KRFT) announced Teri List-Stoll has joined the company as senior vice president of finance and will succeed current Chief Financial Officer (CFO) Timothy McLevish in the first quarter of 2014. List-Stoll worked for nearly 20 years at Procter & Gamble (P&G). Since 1994, she has held a number of finance leadership roles in business unit management, supply chain, sales, accounting, and financial planning and analysis. Most recently, she was senior vice president and treasurer. Prior to joining P&G, List-Stoll was a fellow with the Financial Accounting Standards Board and spent six years at Deloitte & Touche, providing financial counsel to large multinational companies. She is also a board and audit committee member of Danaher Corporation and a founding member of the Corporate Women’s Executive Forum.
KBR (NYSE: KBR) announced that Susan Carter will resign as Executive Vice President and Chief Financial Officer effective September 26, 2013. Ms. Carter will join another company as Chief Financial Officer.
Ingersoll-Rand (NYSE: IR) announced that Susan Carter will join the company as senior vice president and chief financial officer, effective September 27. Carter joins Ingersoll Rand from KBR, Inc., where she served for four years as executive vice president and chief financial officer. Carter succeeds Steve Shawley who, as announced earlier this year, will stay with the company during a transition period and retire before the end of the year. Shawley has been with Ingersoll Rand and Thermo King, a brand of Ingersoll Rand, for 20 years, serving as chief financial officer for the last five years. Prior to joining KBR, Carter held the position of executive vice president and chief financial officer at Lennox International, Inc. Her 30 years of experience includes prior financial leadership positions at Cummins, Inc., Honeywell International, Crane Company and DeKalb Corporation. She has been a member of the Board of Directors for Air Products and Chemicals Inc. and Lyondell Chemical Company.
Logitech International (NASDAQ: LOGI) announced that Vincent Pilette has joined the company as chief financial officer (CFO). Vincent Pilette joins Logitech from Electronics for Imaging where he served as CFO for nearly three years. Prior to joining EFI, Pilette spent 14 years at Hewlett-Packard, holding a variety of finance positions in the U.S. and EMEA.
Coca-Cola Enterprises (NYSE: CCE) announced that effective November 1, 2013, Manik ‘Nik’ Jhangiani will become chief financial officer. Nik is currently vice president, European finance. During his career he worked at both Coca-Cola Hellenic and The Coca-Cola Company. In his 10 years at Coca-Cola Hellenic, Nik held several senior finance leadership positions, including five years as CFO. Prior to joining CCE, Nik was CFO of Bharti Enterprises, one of the largest Indian multi-national companies with revenues of more than $15 billion. He also has worked at other multi-national organizations, including Colgate-Palmolive, Bristol Myers, and Deloitte & Touche. Nik replaces Bill Douglas, who recently assumed additional responsibility for CCE’s supply chain organization. Mr. Douglas joined the Coca-Cola system in 1985, contributing leadership skills in a number of European senior management roles, including chief financial officer of Coca-Cola Hellenic. Bill joined CCE in 2004 and has served as CCE’s chief financial officer since 2005.
ForgeRock Inc. announced the appointment of its new chief financial officer, John Fernandez. Before joining ForgeRock, Fernandez was SVP of finance at Rearden Commerce. He has also spent five years at Siebel Systems.
Capital Access Network, Inc. (CAN) has appointed GE Capital Veteran Shiladitya (“Shila”) Ray as the company’s new Chief Financial Officer. Ray succeeds former CFO Daniel DeMeo, who is now CAN’s Chief Executive Officer. Ray has spent the past 16 years in various finance leadership roles at GE Capital. Most recently, he was the Global Simplification Leader for GE Treasury. Before his role in Treasury, he was the Chief Financial Officer (CFO), Operations for GE Capital, Americas. Ray also served as CFO for several GE businesses, including GE Trailer Fleet Services, GE Global Electronics Solutions and GE Commercial Finance, India. At GE Global Electronics Solutions, where he was Chief Financial and Operations Officer in San Diego. He was also the Global Pricing Leader for GE Capital Solutions. Ray began his career at GE Capital, India where he worked in FP&A, Operations and Controllership.
Newmont Mining Corporation (NYSE: NEM) announced the appointment of Laurie Brlas as Executive Vice President and Chief Financial Officer. Ms. Brlas most recently served as Executive Vice President and President of Global Operations for Cliffs Natural Resources (“Cliffs”). Ms. Brlas served as Cliffs’ Executive Vice President and Chief Financial Officer from 2006 to 2012. Prior to this role, she was Senior Vice President and Chief Financial Officer at STERIS Corporation. Her experience also includes leadership positions at OfficeMax Incorporated, Corning Clinical Laboratories and Deloitte & Touche. Ms. Brlas is currently a Board member and Chair of the Audit Committee of Perrigo Company. Tom Mahoney, who served as the Company’s interim Chief Financial Officer since May 2, 2013, will resume his role as Vice President and Treasurer and report to Ms. Brlas.
AG Mortgage Investment Trust, Inc. (NYSE: MITT) announced that it has appointed Brian C. Sigman as the new Chief Financial Officer, Principal Accounting Officer and Treasurer of the Company. Frank Stadelmaier, the Company’s CFO since its initial public offering in 2011, has resigned as Chief Financial Officer, but will continue to serve as a Director of the Company. He will assist Mr. Sigman in the transition, as well as expand his responsibilities as the Chief Accounting Officer of Angelo, Gordon & Co., L.P. Prior to joining the Company, Mr. Sigman was Chief Financial Officer, Principal Accounting Officer and Treasurer of Newcastle Investment Corp. (“Newcastle”) from August 2008 to May 2013. He was also a Managing Director of Newcastle’s external manager, an affiliate of Fortress Investment Group LLC. Mr. Sigman served as Vice President of Finance of Newcastle from 2006 to 2008 and as Assistant Controller from 2003 through 2006. From 1999 to 2003, Mr. Sigman was a Senior Auditor at Ernst & Young LLP.
Silver Spring Networks, Inc. (NYSE: SSNI) announced that Jim Burns is joining the company as Executive Vice President and Chief Financial Officer. John Joyce, the company’s current Vice Chairman and Chief Financial Officer, will continue as Silver Spring’s Vice Chairman. Burns is an accomplished global executive and spent 24 years with Hewlett-Packard where he held numerous leadership positions including CFO of Enterprise Business, COO and SVP of Enterprise Services, General Manager of PC Services and Accessories, and VP of Investor Relations.
SPI Solar (OTC: SOPW) announced the appointment of Charlotte Xi as interim chief financial officer. This appointment follows Jim Pekarsky’s decision to resign as SPI’s chief financial officer effective September 13, 2013 in order to join an undisclosed private company as chief executive officer. Xi, who was appointed to SPI’s board of directors on August 20, 2013, is an experienced finance and operations executive, who most recently served as senior vice president of global operations for Canadian Solar, Inc. Prior to that, she served as Canadian Solar’s vice president of finance from August 2008 to November 2009 and compliance officer from September 2007 to November 2009. She served as corporate controller from February 2007 to July 2008. Her experience also encompasses roles with companies such as ARAMARK Corporation and TV Guide Magazine in the United States.
Accuray Incorporated (NASDAQ: ARAY) announced that Derek Bertocci has resigned as Senior Vice President and Chief Financial Officer of the company effective September 2, 2013. Today, Accuray has appointed Gregory Lichtwardt, executive vice president, chief financial officer, effective immediately. Mr. Bertocci is anticipated to continue in a consulting role with the Company. Mr. Lichtwardt joins Accuray after spending over nine years with Conceptus Inc., where he served as Executive Vice President, Chief Financial Officer. Prior to joining Conceptus Inc., he served as Executive Vice President, Chief Financial Officer and Corporate Secretary of Innoventry, Inc., a financial services company. He was previously with Ocular Sciences, Inc. as Vice President, Finance and Chief Financial Officer. Prior to that, Mr. Lichtwardt held senior management positions with Allergan, Inc. and started his career with American Hospital Supply Corporation. Mr. Lichtwardt also serves on the board of directors of Biolase, Inc., where he is the chair of the audit committee and participates on the compensation committee.
Craig Wireless Systems Ltd. (TSX: CWG) announced that it has appointed Cole Cox as its Interim Chief Financial Officer.
Convene has appointed Kenneth A. Clark as the company’s first chief financial officer (CFO). Prior to joining Convene, he served as CFO for Chef’s Warehouse. Previously, Mr. Clark had been vice president-controller at Credit Suisse Energy and director of asset management and analysis for United Rentals.
Fish & Richardson announced today that Daniel Lasman has joined the firm as Chief Financial Officer (CFO). Lasman will replace Alison Boos, who served as Fish’s CFO for 24 years and was integral to helping build the firm’s market leadership position in IP and litigation. Prior to joining Fish, he was the CFO of Monitor Company Group LP.
Safe-Guard Products International, LLC announced that Jeff Koenig has joined the company as Chief Financial Officer. Most recently, Jeff served as Senior Vice President, Chief Financial Officer, and Treasurer with Ability Resources. Prior to joining Ability Resources, Jeff was Chief Operating Officer and Chief Financial Officer of Beazley’s US Operations. Jeff has worked in various senior financial roles at Executive Risk, Amerisafe, and Meadowbrook.
NV Energy, Inc. (NYSE: NVE) announced that Jonathan Halkyard, Executive Vice President and Chief Financial Officer will leave the Company to pursue an opportunity outside of the utility industry. His departure will be effective September 13, 2013. The Company also announced that E. Kevin Bethel currently Vice President and Chief Accounting Officer will become Vice President and Chief Financial Officer effective September 16, 2013.
Gaming Partners International Corporation (NASDAQ: GPIC) announced that Gerald W. Koslow will be leaving the Company as Chief Financial Officer and Treasurer, effective on September 30, 2013, to pursue another opportunity.
Synthesis Energy Systems, Inc. (NASDAQ: SYMX) appointed Charles Costenbader as chief financial officer. In his most recent position with Tangent Energy Solutions, Inc., he was responsible for project financing activities regarding power generation projects and hedging structures for environmental credits and power. Previously, Mr. Costenbader was with Macquarie Bank Limited in the power and natural gas commodities division in Houston from 2007 to 2011 and 2004 to 2006. Additionally, Mr. Costenbader has previous chief financial officer experience with Galveston Bay Biodiesel, L.P. From 1989 to 1998, he served as vice-president in the Structured Finance Group of GE Capital.
NFP announced that Brett Schneider, most recently Senior Vice President and Controller, has been appointed Executive Vice President, Chief Financial Officer. Mr. Schneider succeeds Donna Blank, who joined NFP in 2008. Mr. Schneider joined NFP in January 2003 as Vice President and Director of Financial Reporting, and has served as Senior Vice President and Controller since January 2007.
SonaCare Medical announced that Vincent (Vinny) Prajka has joined as Chief Financial Officer. Prior to joining SonaCare Medical, Prajka served as Vice President and Chief Financial Officer of Blackbaud’s Enterprise Customer Business Unit and Target Analytics Business Unit. Previously Prajka spent more than eight years in investment banking, most recently as a Principal with Piper Jaffray.
Vital Therapies, Inc. (VTI) announced that Michael Swanson has joined VTI as Chief Financial Officer and Treasurer. Mr. Swanson has served as Chief Financial Officer at Amira Pharmaceuticals, Inc., Prometheus Laboratories Inc., and Advanced Tissue Sciences, Inc. He also served as Director of Finance of the Fisher Scientific Group, Inc. and its parent, The Henley Group, Inc. Aron Stern, the company’s founding Chief Financial Officer, has now become VTI’s Chief Administrative Officer and Secretary.
Acquia announced the appointment of Dennis Morgan as its new chief financial officer. Morgan was previously CFO of Buddy Media when it was acquired by Salesforce.com in 2012. Morgan was also vice president of corporate finance at Yahoo!. He also held CFO posts at EPAC Technologies, Inc., Panther Express Corp. and Vibrant Media.
Pegasystems Inc. (NASDAQ: PEGA) announced that the company has appointed Rafeal E. Brown to the positions of Chief Financial Officer, Chief Administrative Officer, and Senior Vice President. Mr. Brown was previously a Senior Vice President in the finance group at Salesforce.com. Prior to Salesforce, he worked at Cisco Systems. Mr. Brown began his career with Arthur Andersen in 1991.
Liquid Roboticsannounced that Pablo Luther, former CFO of Gridiron Systems Inc. (recently acquired by Violin Memory) has joined the company as Chief Financial Officer (CFO). Luther has held CFO and COO-level positions in Silicon Valley start-ups including Kasenna, Netfish Technologies and eFinance Corporation, all of which culminated in M&A transactions. Prior to that, Luther spent six years at Stormedia, Inc. in senior executive roles including V.P Finance and CFO. He started his career at HP, where he spent six years in financial management roles, including Controller of the PC Division.
InoLife Technologies, Inc. (OTC: INOL) announced the hire of James W. Thomas II as Chief Financial Officer. Mr. Thomas is an accounting and finance professional experience including previous Securities and Exchange Commission reporting. Mr. Thomas is the president of a Financial Services company supporting small, medium and public businesses. Mr. Thomas also served as the president of a food manufacturing company.
SeaChange International (NASDAQ: SEAC) announced the appointment of Anthony Dias to the permanent role of Chief Financial Officer, Senior Vice President and Treasurer. Mr. Dias has served as the Company’s interim CFO since May 2013. Mr. Dias joined SeaChange in 2007 as Vice President of Finance and Corporate Controller. He became Chief Accounting Officer in 2012. Prior to joining SeaChange, he served as Corporate Controller at LeMaitre Vascular, Inc. and also held various senior finance positions with Candela Corporation, Globalware, Inc. and Aldiscon, Inc.
Uber announced that Brent Callinicos joined Uber as Chief Financial Officer. Most recently, he served as VP, Treasurer & Chief Accountant at Google where he was responsible for treasury and risk management activities. Brent joined Google early in 2007 after 14 years at Microsoft. His most recent role there was as Corporate Vice President and Divisional CFO for Microsoft’s Platforms and Services Division, which encompassed the Windows, Server and MSN business groups. He was also Microsoft’s Treasurer 2000-2004.
Mistras Group, Inc. (NYSE: MG) announced that Francis Joyce, the Company’s Executive Vice President, Chief Financial Officer and Treasurer, resigned from his positions with the Company. Philip Orlando, Group Controller, will serve as Mistras’ interim principal financial officer.
Immunomedics, Inc. (NASDAQ: IMMU) announced the appointment of Peter P. Pfreundschuh as Vice President, Finance and Chief Financial Officer. Mr. Pfreundschuh replaces Gerard G. Gorman, who is retiring from the Company following a transition period. Peter Pfreundschuh most recently was the Chief Financial Officer for Circulite Inc. Prior to that he was the Executive Director Business Development and Licensing for AstraZeneca Pharmaceuticals L.P. Prior to joining AstraZeneca, Mr. Pfreundschuh served at Johnson and Johnson as Controller of the R&D division and Controller/Director of Marketing and Global Business Analytics. During this time, he also served as Chief Financial Officer/Treasurer for 3 Dimensional Pharmaceuticals, which was acquired by J&J. Mr. Pfreundschuh has also held management positions at Alimenterics, Inc., and American Standard Companies, Inc., and was a Senior Auditor at Ernst & Young, LLP.
Alliqua, Inc. (OTC: ALQA) appointed Brian M. Posner as Chief Financial Officer. Steve Berger, Alliqua’s current CFO, will remain with the Company through the end of 2013 to help ensure a smooth transition. Most recently Posner served as CFO of Ocean Power Technologies, Inc. Prior to that appointment, he served as CFO of Power Medical Interventions, Inc. until its sale to Covidien plc in 2009. He earlier served as CFO of Pharmacopeia, Inc. and Phytomedics, Inc., and as Regional CFO of Omnicare, Inc.
Ocera Therapeutics (NASDAQ: OCRX) announced that Jeryl L. Hilleman has been appointed chief financial officer. Ms. Hilleman will replace Dana McGowan who will continue with the company during a transition period in which the company plans to move its headquarters to Northern California. Most recently, Ms. Hilleman has provided independent financial and strategic consulting for biotech and cleantech companies. From 2008 to 2012, Ms. Hilleman served as CFO of Amyris, Inc. Prior to Amyris, Ms. Hilleman served as CFO of Symyx Technologies, and led the finance function at two public biotechnology companies, Geron Corporation and Cytel Corporation. Ms. Hilleman is also a member of the board of directors and chair of the audit committee of Xenoport.