CFO Moves this week include:
|Boston Scientific Corporation||Hulu||Polaris Industries Inc.|
|Noranda Aluminum Holding Corporation||Square 1 Bank||Simbol Materials|
|Summit Materials||ShapeUp Inc.||TESSCO|
|Unifi, Inc.||Oclaro, Inc.||Mortgage Contracting Services|
|Annie’s, Inc.||Wayfair.com||BioDelivery Sciences International, Inc.|
|Infinera||Quture International, Inc.||Single Touch Systems, Inc.|
|Europ Assistance USA||Enhanced Recovery Company, LLC||SilkRoad|
|MGIC Investment Corporation||Coast Bancorp||Fulton Financial Corporation|
|Clinkle Corporation||Brickstream||Single Touch Systems, Inc.|
|Good Technology||Profire Energy, 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 email@example.com or by phone at +1 (415) 738-2070.
Boston Scientific Corporation (NYSE: BSX) has initiated a transition plan for its new chief financial officer. Jeffrey Capello, Boston Scientific’s executive vice president and chief financial officer, will transition out of the role effective December 31, 2013. Effective January 1, 2014, Daniel Brennan, currently the company’s senior vice president and corporate controller, will be promoted to executive vice president and chief financial officer of Boston Scientific. Brennan joined Boston Scientific in 1996. During his tenure, he has held roles with increased responsibilities, including vice president of finance and information technology for the Cardiovascular Division, vice president of international finance and vice president of investor relations. Brennan was named to his current role as senior vice president and corporate controller in January, 2010.
Hulu announced that Elaine Paul has been appointed CFO, replacing Tom Fuelling. Prior to Hulu, Elaine was SVP of Corporate Strategy at Disney. She previously served as VP, Business Development for the Walt Disney Internet Group.
Polaris Industries Inc. (NYSE: PII) appointed Kevin Farr to the Company’s Board of Directors. Mr. Farr is the Executive Vice President and Chief Financial Officer for Mattel, Inc. Prior to his time at Mattel, Mr. Farr worked for 10 years as a senior manager at PricewaterhouseCoopers International.
DataStax announced that Silicon Valley veteran Dennis Wolf will join the company as chief financial officer. Wolf has held numerous executive positions with public and private companies including CFO, COO, and CEO. His most recent experience is as chief financial officer and executive vice president at Fusion-io. Prior to that, he was the CFO at MySQL. Wolf held financial roles at Apple and Sun Microsystems earlier in his career. He currently serves as a director and chair of the audit committee of Codexis Inc., and has been a director and chair of the audit committee for other publicly and privately held companies including Quantum Corporation, BigBand Networks, Inc., Registry Magic, Inc., Avanex Corporation, Komag, Inc., Exponential Interactive, and Vitria Technology, Inc.
Coupons.com Incorporated announced the appointment of Mir Aamir as the company’s chief financial officer and chief operating officer. Richard Hornstein, the company’s current chief financial officer and general counsel. Mr. Hornstein will continue in the role of general counsel and chief legal officer, a role he has held for the past two and a half years. Mr. Aamir joins Coupons.com from Safeway, Inc., where he, most recently, was president of customer loyalty and digital technologies. Previously at Safeway, he was senior vice president of marketing strategy, financial planning & analysis (FP&A), pricing and shopper card. Before that, he held the position of group vice president, FP&A and strategy, for all of Safeway’s U.S. business units. Prior to Safeway, Mr. Aamir was at A.T. Kearney, Inc., where he was officer and vice president for the strategy and management consulting firm’s consumer and retail practice. Before that, Mr. Aamir held various positions at Procter & Gamble and Citicorp in Asia.
Noranda Aluminum Holding Corporation (NYSE: NOR) announced the appointment of Dale W. Boyles as its new Chief Financial Officer, effective November 5, 2013. Prior to joining Noranda, Mr. Boyles was Operating CFO for Hanesbrands, Inc. from October 2011 to June 2012. Mr. Boyles also served as Interim CFO for HBI during 2011 and as Vice President, Controller & Chief Accounting Officer for HBI from 2006 to May 2011. From 1997 through 2006, Mr. Boyles served in various capacities for KPMG LLP including most recently as Audit Partner, Consumer & Industrial Markets.
Square 1 Bank announced that Bonnie Kennedy has joined the Bank’s Venture Capital Services team as senior vice president. Kennedy joins Square 1 Bank from Trident Capital, a venture capital and growth equity firm, where she was managing director and chief financial officer. Earlier in her career, Kennedy spent over 20 years with Ernst & Young, including 10 as principal in the firm’s San Francisco office.
Simbol Materials appointed Takashi Sunada as Simbol Materials Chief Financial Officer. Mr. Sunada’s career includes twenty-four years with Itochu Corporation, where he was most recently responsible for project development and management of project investments for the Chemicals Division.
Summit Materials announced the appointment of Brian J. Harris, as Chief Financial Officer. Mr. Harris joins Summit after serving as Executive Vice President and Chief Financial Officer of Bausch & Lomb Holdings Incorporated, a leading global eye health company, since 2009. Mr. Harris previously held positions of increasing responsibility with Tomkins plc, including President of the $2 billion worldwide power transmission business for Gates Corporation, and Senior Vice President for Strategic Business Development and Business Administration, Chief Financial Officer, and Secretary of Gates Corporation. With the appointment of Mr. Harris, John R. Murphy has stepped down as Interim Chief Financial Officer. Mr. Murphy will continue to serve as a director and chairman of the audit committee of the board of directors of the Company’s indirect parent company.
ShapeUp Inc. announced the appointment of Ann Brady as chief financial officer. She has held leadership roles at companies including Health Payment Review, ATG, uTest, FirstBest and Apperian throughout her career. Prior to joining ShapeUp, Brady founded New England Business Solutions Group, a consulting firm specializing in C-level expertise for start-up and emerging growth companies.
TESSCO (NASDAQ: TESS) announced that Aric Spitulnik has been elected to position of Chief Financial Officer. Mr. Spitulnik was employed as an accounting professional for several public accounting firms before joining TESSCO in 2000. Mr. Spitulnik was appointed controller in 2005 and a vice president in 2006. In 2012, he assumed the role of principal accounting officer and was appointed corporate secretary.
Unifi, Inc. (NYSE: UFI) announced that it has appointed James M. Otterberg as the Company’s Chief Financial Officer and also elected him as a Vice President. Mr. Otterberg, who has been the Company’s Chief Accounting Officer since October 2011 and had been serving as interim Chief Financial Officer since August 12, 2013. Mr. Otterberg has been employed by the Company’s subsidiary, Unifi Manufacturing, Inc., since 2011 as Vice President and Chief Accounting Officer, and previously from October 1999 to December 2003 as Director – Joint Ventures and Alliances and Corporate Financial Analyst. He also held various financial positions for Polymer Group, Inc. from 2004 to 2011, including Vice President – Finance U.S. from February 2008 through May 2011.
Oclaro, Inc. (NASDAQ: OCLR) announced that Pete Mangan has been appointed as chief financial officer (CFO), effective November 11, 2013. Mangan, currently vice president, corporate finance for Oclaro, will succeed Jerry Turin, who previously announced plans to resign on November 8, 2013 to pursue other opportunities. Mr. Mangan joined Oclaro in May 2012 as vice president of corporate finance. Mr. Mangan brings Oclaro nearly 30 years of experience in a wide range of finance positions with leading companies including AMD, Trident Microsystems, FormFactor, Spansion, Asyst Technologies, and Sun Microsystems. Mangan served as CFO at Trident Microsystems from 1996 to 1998 and again from 2008 to 2012.
Mortgage Contracting Services announced that Paul Lee has been named the company’s chief financial officer. Mr. Lee works in the company’s Plano, Texas, headquarters and succeeds Michael Carroll, who is retiring after more than eight years as the company’s CFO. Before joining MCS, Mr. Lee most recently served as vice president and treasurer of Texas-based Safety-Kleen Systems Inc. He previously served as vice president, finance, for Capital Senior Living. Mr. Lee also has worked in various management and financial positions for Chief Auto Parts Inc. and Brice Foods Inc.
Annie’s, Inc. (NYSE: BNNY) announced the appointment of Zahir Ibrahim as Executive Vice President, Chief Financial Officer and Treasurer, effective November 13, 2013. Mr. Ibrahim was most recently Vice President Corporate Controller and Chief Accounting Officer at Molson Coors Brewing Company. In addition to his most recent position with Molson Coors, Mr. Ibrahim previously served as a divisional chief financial officer for two global businesses. Kelly Kennedy will resign as Chief Financial Officer and Treasurer, effective November 12, 2013, to spend more time with her family. Ms. Kennedy intends to remain with the Company through fiscal 2014 to lead special projects and assist with a smooth transition.
Wayfair.com announced the appointment of Michael Fleisher as Chief Financial Officer. With Fleisher’s appointment, former CFO Nicholas Malone has been named Chief Administrative Officer. Prior to joining Wayfair.com, Fleisher served as Warner Music Group’s Vice Chairman, Strategy and Operations. Fleisher joined WMG in 2005 as its Executive Vice President and Chief Financial Officer. Before WMG, Fleisher served as Chairman and CEO of Gartner, Inc. Fleisher’s previous business experience includes roles at Bain Capital and Bain & Company.
BioDelivery Sciences International, Inc. (NASDAQ: BDSI) announced the appointment of Ernest R. De Paolantonio as Chief Financial Officer and Corporate Secretary. James A. McNulty, BDSI’s current Chief Financial Officer, Treasurer and Secretary, will remain with BDSI in the new role of Senior Vice President—Finance and Treasurer. Over the past five years, Mr. De Paolantonio served as the Chief Financial Officer of CorePharma. In addition, he previously served in finance and controller positions in roles of increasing responsibility at Colombia Laboratories. Additionally, he served in various financial and controller positions at Taro Pharmaceuticals, Watson Pharmaceuticals and Danbury Pharmaceutical. Mr. De Paolantonio began his career in finance at GlaxoSmithKline, where he spent over 17 years.
Infinera (NASDAQ: INFN) announced that chief financial officer Ita Brennan will resign effective February 28, 2014 to pursue another opportunity at a technology start-up. Ms. Brennan has served as Infinera’s CFO since June 2010. She joined Infinera in 2006 and served in various roles within the company’s finance group, prior to her promotion to CFO. Ms. Brennan will continue to direct Infinera’s finance activities as CFO until her departure date.
Quture International, Inc. (OTC: QUTR) announced agreement with Alejandro Guardiola to become its Chief Financial Officer immediately following filing of the Company’s 10-K. In the interim, Mr. Guardiola is serving as the primary financial advisor to Quture working with the Company’s auditors in all aspects filing.
Single Touch Systems, Inc. (OTC: SITO) announced the appointment of Kurt Streams as the Company’s new Chief Financial Officer. Former CFO John Quinn has resigned from Single Touch to become the Regional Managing Partner based in the New York City office at ParenteBeard, LLC, where Mr. Quinn had previously served as a Principal. Most recently, Mr. Streams was Partner at GBM LLC. Previously, he was Principal at RBSM LLP. Mr. Streams has served as CFO of three companies including IGIA, Inc. Prior, he was CFO at The Deal, LLC. He also served as CFO of Norland Medical. He began his career at Deloitte & Touche.
Europ Assistance USA (EA USA) and CSA Travel Protection (CSA), both owned by Europ Assistance Group, announced its new CFO, Donald Vetal Jr. Prior to EA USA and CSA, Vetal most recently served as CFO and group vice president of FrontierMEDEX Group. He was also president, and before that CFO, of CPM Holdings, and held fiscal leadership roles at Ocwen Financial Corporation, LifeDesign and US Assist, Inc. and Rowan Capital.
Enhanced Recovery Company, LLC announced the appointment of Michael Harrison as the Company’s Chief Financial Officer (CFO). Mike was previously CFO of Convergent Resources Holdings in Atlanta, where he partnered with a private equity firm to acquire and integrate the Convergent family of companies. Prior to Convergent Resources Holdings, Mike was vice president of finance with two divisions of West Corporation and a senior audit manager at Deloitte & Touche.
SilkRoad announced the appointment of Merri Bonino as Chief Financial Officer. Bonino succeeds Michael Cullinane, who served as Executive Vice President and Chief Financial Officer since May 2008 until his retirement on September 30, 2013.
MGIC Investment Corporation (NYSE: MTG) announced that J. Michael Lauer, who has been the Company’s Chief Financial Officer since 1989, is retiring February 28, 2014. Timothy J. Mattke, the Company’s Controller since 2009, will become Chief Financial Officer effective upon Mr. Lauer’s retirement. Mr. Mattke has been with the Company for over seven years. Prior to his becoming Controller, he was Assistant Controller of Mortgage Guaranty Insurance Corporation (“MGIC”), since August 2007 and prior to that was a manager in MGIC’s accounting department. Before joining MGIC, Mr. Mattke was an audit manager and an auditor with PricewaterhouseCoopers LLP.
Coast Bancorp (OTC: CTBP) announced it has selected Paul Cable to serve as Executive Vice President and Chief Financial Officer of both Coast Bancorp and its wholly owned subsidiary, Coast National Bank. Mr. Cable most recently served as Finance Executive with Regents Bank. His professional history includes more than 20 years of experience as Chief Financial Officer with various sizes of community banks in Southern California. Mr. Cable will succeed former Chief Financial Officer Karan Pohl who resigned in May 2013.
Fulton Financial Corporation (NASDAQ: FULT) announced that Patrick S. Barrett will join the company as Senior Executive Vice President and member of Fulton Financial’s senior management team, effective November 4, 2013. Upon the retirement of the Corporation’s current Chief Financial Officer, Charles J. Nugent, at the end of 2013 as previously announced, Barrett will become the Chief Financial Officer. Barrett comes to Fulton from SunTrust Banks, Inc., where he served most recently as the Chief Financial Officer of SunTrust Bank’s Wholesale Bank. Prior to joining SunTrust in 2010, Barrett worked with JPMorgan Chase & Co. where he held a number of senior finance/managing director roles in Asia. His last role with JPMorgan was Deputy Head/Managing Director of Investor Relations in New York. Before joining JPMorgan Chase & Co. in 2003, Barrett spent ten years with Deloitte & Touche.
Clinkle Corporation announced that Barry McCarthy has joined the company as chief operating officer. Prior to Clinkle, McCarthy spent 12 years, from 1999 to 2010, as chief financial officer of Netflix, Inc. He has also served on the boards of several private companies and as an executive advisor to Technology Crossover Ventures. Prior to Netflix, McCarthy held several positions at First Boston, where he worked with venture capital–backed and LBO investments.
Brickstream announced that John E. Kahn has been appointed Chief Financial Officer of the company. With Mr. Kahn’s appointment, Brickstream’s previous CFO, Paul Williams, becomes Chief Accounting Officer.
Good Technology announced that Ron Fior has joined the company as Chief Financial Officer (CFO). Ron joins Good from Callidus Cloud, a Pleasanton, CA -based enterprise software company, where he was CFO. Prior to Callidus, Ron held various leadership positions, including CFO for Ingenuity Systems, CFO and vice president of finance and operations at Remedy Corporation and vice president and Group CFO at International Thompson Publishing Group.
Profire Energy, Inc. (OTC: PFIE) announced that Ronald R. Spoehel, the former Chief Financial Officer (CFO) of the National Aeronautics and Space Administration (NASA), has joined its Board of Directors. Mr. Spoehel served as NASA CFO from 2007 to 2009. Prior to his time at NASA, Mr. Spoehel spent ten years in investment banking, including five years as Vice President of Bank of America primarily focused on energy and technology sectors. He has also served as Chief Executive Officer, Chief Financial Officer, and Director of various technology and energy companies, including ManTech, ICx Technologies, and others. He has also served on the U.S. Air Force Audit Committee, as well as the Advisory Council for the Wharton and Engineering Schools at the University of Pennsylvania. He currently serves as Managing Partner of Windrock Capital LLC.