CFO Moves this week include:
|General Motors||FedEx Corporation||Marvell|
|RTI International Metals, Inc.||Baker Hughes Incorporated||American Water Works Company Inc.|
|Rare Element Resources Ltd.||ClearView® Audio||Waters Corporation|
|MAXIMUS||ABM||Par Petroleum Corporation|
|Vivint Solar||DST Systems, Inc.||ValueOptions®, Inc.|
|Relmada Therapeutics Inc.||Blackstone Mortgage Trust, Inc.||Asbury Automotive Group, Inc.|
|Hyperdynamics Corp.||Bankers Financial Corporation (BFC)||Chef™|
|Apollo Residential Mortgage, Inc.||Findly||AllDigital Inc.|
|Nortech Systems Incorporated||Johnny Rockets||Ocean Power Technologies, Inc.|
|HD Supply Holdings, Inc.||Oil States International, Inc.||Federal-Mogul Corporation|
|Supply Chain Services||Movable Ink||Care.com|
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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.
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General Motors (NYSE: GM) announced that Dan Ammann, executive vice president and chief financial officer, was named company president. Ammann joined GM in 2010. Ammann will retain CFO responsibilities at least through the release of the company’s fourth quarter and full-year 2013 results in early February 2014. His replacement as CFO will be named later.
FedEx Corporation elected Kimberly Jabal as a director. The Board also appointed Ms. Jabal as a member of its Information Technology Oversight Committee. Ms. Jabal currently is the chief financial officer and oversees the legal and human resources functions at Path, Inc., a privately-held social networking company. Prior to joining Path in March 2013, she served as vice president of finance at Lytro, Inc. She served in various capacities at Google from 2003 to 2011, including as director of engineering finance, director of investor relations and director of online sales finance. Prior to Google, Ms. Jabal spent two years at Goldman Sachs in technology investment banking.
Marvell (NASDAQ: MRVL) announced the appointment of Michael Rashkin as Interim Chief Financial Officer. Mr. Rashkin has been with the Company since 1999 and prior to this appointment served in a variety of roles in the finance organization including in VP of Tax, VP of Strategic Development and President of the Marvell Charitable Fund. Mr. Rashkin also served as Interim Chief Financial Officer of Marvell from July 2007 to January 2008.
RTI International Metals, Inc. (NYSE: RTI) announced the election of Arthur B. Winkleblack to its Board of Directors. Mr. Winkleblack will serve on the Audit Committee of the Board. His term as an independent director will begin immediately. Winkleblack’s experience includes service as Executive Vice President and Chief Financial Officer of H.J. Heinz Company from January 2002 through June 2013. Earlier in his career, Winkleblack held senior finance roles at companies including Six Flags Entertainment, AlliedSignal and PepsiCo. He is currently a member of the Board of Directors and Audit Committee of Church & Dwight Co., Inc.
American Water Works Company Inc. (NYSE: AWK) announced that Jeff Sterba will retire from his role as president and chief executive officer of American Water at the Company’s annual meeting, scheduled for May 9, 2014. At that time, American Water’s current senior vice president and chief financial officer Susan N. Story will succeed Sterba as president and CEO. Before joining American Water, Story served as executive vice president of Southern Company. In that role she was also president and CEO of Southern Company Services. A seasoned utility executive, Story also served as president and CEO of Gulf Power Company, a Florida subsidiary of Southern Company, and as Southern Company’s executive vice president of Engineering and Construction Services. Story began her career at Southern Company as a nuclear power plant engineer. Story is an independent director of Raymond James Financial (RJF), having served on the board since 2008.
Rare Element Resources Ltd. (NYSE MKT: REE) announced that Paul H. Zink, former president of International Royalty Corporation and Eurasian Capital and a previous board member of the Company, has been appointed Senior Vice President and Chief Financial Officer. David P. Suleski, the Company’s Chief Financial Officer since 2011, ceased serving in that role. Mr. Zink most recently served as Chief Executive Officer and Chief Investment Officer for Americas Bullion Royalty Corp. Prior to that, he was President of Eurasian Capital, the royalty and merchant banking division of Eurasian Minerals Inc. He also served as president and a director of International Royalty Corporation, prior to its sale to Royal Gold in 2010.
ClearView® Audio appointed Gregory S. Galliford to the position of chief financial officer. Galliford has served as CFO of two technology firms and was a senior financial analyst at the Hewlett Packard Company.
Waters Corporation (NYSE: WAT) announced that John Ornell, its Chief Financial Officer, has communicated his intention to transition to a reduced workload and resign as the Company’s Chief Financial Officer effective February 1, 2014. Mr. Ornell will then continue to serve the Company in an advisory capacity on a part-time basis. The Board of Directors of the Company has elected Eugene G. Cassis, who currently serves as Corporate Vice President of Worldwide Business Development and Investor Relations, to serve as the Company’s interim Chief Financial Officer effective February 1, 2014. Mr. Cassis has been with Waters Corporation for 33 years. In addition to his significant experience in business development and investor relations, Gene has held several senior positions within Waters including President of Nihon Waters K.K., Tokyo, Japan and Liquid Chromatography – Mass Spectrometry (LC-MS) Business Unit Manager.
MAXIMUS (NYSE: MMS) announced that David N. Walker plans to retire from his role as Chief Financial Officer and Treasurer of. Mr. Walker plans to continue on as a full-time employee to ensure a successful transition until approximately December 2014, whereupon he will assume a part-time support role to the Chief Executive Officer.
ABM (NYSE: ABM) announced that its board of directors elected Stephen Kadenacy, executive vice president and chief financial officer of AECOM Technology Corporation (NYSE: ACM), as an independent director. In addition, he was appointed to the audit committee.
Par Petroleum Corporation (OTC: PARR) announced that Chris Micklas has been named the company’s Chief Financial Officer. Most recently, he served as a senior executive within BG Group Plc’s Chief Operating Office and Global Liquefied Natural Gas business as Finance Director. He has also held senior roles, including Finance Director of U.S. Downstream, at Shell Oil Company. Micklas’ earlier career included various finance positions at General Electric Company.
Vivint Solar named Dana Russell as chief financial officer. His experience includes the merger agreement between Novell and Attachmate, and a patent cooperation agreement with Microsoft. Prior to joining Vivint Solar, Russell was the chief financial officer of software company Allegiance, as well as senior vice president and chief financial officer of Novell from 2005 to 2011.
DST Systems, Inc. (NYSE: DST) announced that it has appointed Gregg Wm. Givens to serve as Vice President, Chief Financial Officer and Treasurer, effective Jan. 1, 2014. He succeeds Kenneth V. Hager, who will retire from DST Systems as planned after 29 years of service to the Company. Mr. Givens has been with DST since 1996. He has served as Vice President and Chief Accounting Officer for the past 14 years.
ValueOptions®, Inc. announced that Douglas Thompson has been named the company’s Executive Vice President and Chief Financial Officer. Thompson replaces Scott Tabakin who is retiring at the end of the year. Upon joining ValueOptions as Senior Vice President of Decision Support and Treasurer in 2012, Thompson served as head of Financial Planning and Decision Support. Prior to joining ValueOptions, Thompson previous work included being Vice President of Financial Planning and Analysis with HealthSpring and Vice President of Financial Planning with Bravo Health.
Relmada Therapeutics Inc. announced that Douglas J. Beck joined the company as its Chief Financial Officer. Mr. Beck serves on the SEC Practice Committee and the Chief Financial Officers Committee for the New York State Society of CPAs. He also has significant prior experience in public accounting including at both Andersen LLP and Eisner Amper LLP. From May 2011 to February 2013 Mr. Beck served as CFO at iBio Inc. Previously, in 2005 he was appointed CFO of Lev Pharmaceuticals, Inc.
Blackstone Mortgage Trust, Inc. (NYSE: BXMT) announced that Paul D. Quinlan, a Managing Director in the finance division of Blackstone, has been appointed Chief Financial Officer of the Company. Mr. Quinlan will succeed Geoffrey Jervis, who, as previously announced by the Company, has resigned to pursue other opportunities. Mr. Quinlan, age 36, will also serve as the CFO of Blackstone’s Real Estate Debt Strategies group. Mr. Quinlan most recently served as Blackstone’s Head of Financial Planning & Business Development. Mr. Quinlan was also the CFO for Blackstone Advisory Partners L.P., encompassing Blackstone’s Advisory, Restructuring & Reorganization and Capital Markets businesses. From 2004 until joining Blackstone in 2010, Mr. Quinlan worked as a Director in the Global Principal Investments Group at Bank of America Merrill Lynch. Prior to this, Mr. Quinlan worked in investment banking at Merrill Lynch and PricewaterhouseCoopers Securities.
Asbury Automotive Group, Inc. (NYSE: ABG) announced, as part of its long-term executive succession planning process, that Senior Vice President and Chief Financial Officer Scott Krenz will retire from the position of Chief Financial Officer, effective December 31, 2013. Current Vice President of Finance Keith Style has been appointed to succeed Scott Krenz as Chief Financial Officer effective January 1, 2014. Keith Style joined the Company in October 2003, and has held several positions during his time with Asbury, having served as Vice President of Finance since November 2008. Prior to his appointment as Vice President of Finance, he served as the Company’s Vice President of Investor Relations, Director of Budgeting & Forecasting, and Assistant Controller.
Hyperdynamics Corp. (NYSE: HDY) announced that it has appointed David Wesson as its new Vice President and Chief Financial Officer. Mr. Wesson, who currently serves as the Company’s Controller, will assume this new role effective January 1. He succeeds Paul Reinbolt, who will step down from the CFO position at the end of December. Mr. Wesson joined Hyperdynamics in April 2010. He began his career in the energy industry with Tenneco Oil E&P and spent seven years in various oil and gas accounting assignments there. Subsequently, he joined Swift Energy Company in 1988 and served 21 years in various financial positions, including serving as its Controller from January 2001 to December 2009.
Chef™ (formerly Opscode) announced that Curt Anderson joins as CFO, having most recently served as CFO for Microsoft’s Manufacturing and Supply Chain Division. He also spent time at Microsoft as CFO of Server and Tools division. Prior to Microsoft, he led a variety of marketing and finance initiatives at Amazon.com.
Apollo Residential Mortgage, Inc. (NYSE: AMTG) announced the Board of Directors appointed Teresa Covello to the positions of Chief Financial Officer, Secretary and Treasurer of the Company effective January 1, 2014. Ms. Covello will assume these titles from Stuart Rothstein, who will step down from these positions effective January 1, 2014 and will retain his role as a member of the investment committee of ARM Manager, LLC (the “Manager”), the external manager of the Company. Ms. Covello currently serves as the Controller of the Manager, a position she has held since she joined Apollo Global Management, LLC (together with its subsidiaries, “Apollo”), the indirect parent of the Manager, in 2012. From 2003 through 2011, Ms. Covello was the Senior Vice President, Chief Accounting Officer and Treasurer of MFA Financial, Inc., a residential mortgage REIT she joined in 2001. Prior to MFA Financial, Ms. Covello was a financial consultant, concentrating in investment banking within the financial services sector and from 1990 through 2000, she held progressive positions with JSB Financial, Inc.
Findly, a Symphony Technology Group (STG) company, announced that Barak Ben-Gal has joined the company as its new CFO. He began his role in November. Prior to joining Findly, he served as CFO of solar energy company, Sunrun. Ben-Gal previously worked for Support.com, where he led the company’s finance-related operations as controller and vice president of Finance. He also held the position of senior director of Change Management for Yahoo’s Finance Transformation Office.
AllDigital Inc. (OTC: ADGL) announced the addition of a new member to its executive team — Barbara Crofts, CFO. Crofts most recently served as CFO for three middle-market companies, including Loma Linda University Medical Center’s Murrieta Campus construction phase.
Nortech Systems Incorporated (NASDAQ: NSYS) announced that on January 1, Nortech’s current director of finance Paula Graff will be promoted to vice president and chief financial officer. Before joining Nortech Systems, Graff was a consultant with Experis, a division of Manpower, Inc. Previously, she gained extensive finance experience with Munsingwear, Ecolab and The Toro Company.
Johnny Rockets announced Chad Hope as Chief Financial Officer (CFO). Prior to his position with Johnny Rockets, Hope served as CFO of FSC Franchise Co, LLC, franchisor of Beef ‘O’ Brady’s Family Sports Pubs and Brass Tap Craft Beer and Wine Bars. Hope began his career in the Atlanta, Georgia office of Ernst & Young (E&Y). He went on to Fiesta Brands, Inc. as Corporate Controller. In 2009, Hope became the International Controller of Focus Brands, Inc., a multinational franchisor of six QSR concepts, including Auntie Anne’s, Cinnabon and Moe’s Southwest Grill.
HD Supply Holdings, Inc. (NASDAQ: HDS) announced that Evan Levitt has been appointed to serve as Senior Vice President and Chief Financial Officer of HD Supply. Ron Domanico, the current CFO of HD Supply will resign from his position effective upon Mr. Levitt’s appointment. Mr. Domanico will remain employed with HD Supply through April 17, 2014 to assist with the transition, at which time he will retire. Mr. Levitt has served as Vice President and Corporate Controller of HD Supply since 2007 when he joined the Company from The Home Depot, where he was the assistant controller and director of financial reporting from 2004 to 2007. Upon assuming his duties as CFO, Mr. Levitt will continue to serve as HD Supply’s principal accounting officer.
Ocean Power Technologies, Inc. (NASDAQ: OPTT) announced the appointment of Mark A. Featherstone as Chief Financial Officer. Prior to joining OPT, Mr. Featherstone spent over ten years at Quaker Chemical Corporation, most recently as Vice President, CFO and Treasurer. Prior to Quaker, Mr. Featherstone spent several years at both Coty, and Scott Paper, now part of Kimberly-Clark Corporation, in a series of financial and accounting positions of increasing responsibility.
Oil States International, Inc. (NYSE: OIS) announced the appointment of Lloyd A. Hajdik as Senior Vice President, Chief Financial Officer and Treasurer, along with the promotion of Bradley J. Dodson to Executive Vice President, Accommodations. Bradley Dodson, who previously held the position of Senior Vice President, Chief Financial Officer and Treasurer of Oil States, will serve as our Executive Vice President, Accommodations until the completion of the proposed spin-off of the Accommodations business, at which point he will serve as President and Chief Executive Officer of the new public company. Mr. Hajdik most recently held the position of Senior Vice President-Finance and Chief Accounting Officer at Helix Energy Solutions. Prior to joining Helix in 2003, Mr. Hajdik served in a variety of accounting and finance-related roles of increasing responsibility with Houston-based companies, including NL Industries, Inc., Compaq Computer Corporation (now Hewlett Packard), Halliburton’s Baroid Drilling Fluids and Zonal Isolation product and service lines, Cliffs Drilling Company and Shell Oil Company.
Federal-Mogul Corporation (NASDAQ: FDML) announced the appointment of Rajesh Shah as senior vice president and chief financial officer. Shah previously worked at X-Rite, where he was executive vice president and CFO. Prior to that, he held various executive-level positions in finance at several automotive companies, including Cadence Innovation, LLC; Remy International, Inc.; Collins & Aikman; UT Automotive; Varity Corporation; and Kelsey Hayes Group.
Supply Chain Services announced the promotion of Randy Gallatin to the new position of Chief Financial Officer. Gallatin served as the company’s Controller since early 2009. Prior to joining Supply Chain Services, Gallatin was controller for Gunderson Construction.
Movable Ink announced the appointment of Ali Byrd as Chief Financial Officer. Prior to joining Movable Ink, Byrd served as Senior Vice President at SecondMarket. Previous to his role at SecondMarket, Byrd was a Vice President at LimeWire. Earlier in his career, Byrd was an investment banker at Lehman Brothers and before that, he spent nearly a decade at Microsoft.
Care.com announced that Steven Cakebread has been appointed to the Company’s Board of Directors where his duties will include Chairman of the Audit Committee. Mr. Cakebread currently serves as Chief Administrative Officer and Chief Financial Officer of D-Wave Systems Inc. He previously served as the Chief Financial Officer of Pandora Media Inc. from March 2010 to January 2013. Prior to joining Pandora, Mr. Cakebread was President and Chief Strategy Officer of Salesforce.com, and served as Executive Vice President and Chief Financial Officer of Salesforce.com from May 2002 to February 2008. Before joining Salesforce.com, Mr. Cakebread spent five years at Autodesk, where he served as Senior Vice President and Chief Financial Officer. From April 1992 to April 1997, he was Vice President of Finance for Silicon Graphics World Trade. Mr. Cakebread held various finance and senior management roles at Hewlett Packard in the United States and Asia from 1974 to 1992.
Hardinge Inc. (NASDAQ: HDNG) announced that it has appointed Douglas J. Malone as Vice President & Chief Financial Officer. Mr. Malone joined Hardinge in 2008 as Corporate Controller. Prior to joining Hardinge, he served as Senior Vice President Financial Planning and Analysis for Financial Institutions’ Five Star Bank from 2005 to 2008 and previous to that as Senior Vice President Finance and Operations for a former subsidiary bank of the company.