CFO Moves this week include:
|General Motors||Express Scripts Holding Company||RadioShack Corporation|
|Freescale Semiconductor, Ltd.||ZeOmega, Inc.||Bartech|
|Rightside||Quaker Steak & Lube®||STV|
|FAL Foods USA Inc.||Cardinal Energy Group, Inc.||Infinera|
|Hacker Group||USMD Holdings, Inc.||Medallia|
|Cat Auction Services||Devon Energy Corporation||CallFire|
|Advanced Content Services, Inc.||Electronics For Imaging, Inc.||Heritage Oaks Bancorp|
|GT Advanced Technologies Inc.||Susquehanna Bancshares, Inc.||Excelsior Mining Corp.|
|CymaBay Therapeutics, Inc.||SMTP, Inc.||Agility Health, 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.
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General Motors Co. (NYSE: GM) named Chuck Stevens as executive vice president and chief financial officer, effective Jan. 15. He replaces Dan Ammann, who becomes company president on Jan. 15. Stevens was previously CFO of GM North America. Stevens became CFO of GM North America in January 2010. He was also interim CFO of GM South America from December 2011 to January 2013.Stevens previously held leadership positions in China, Singapore, Indonesia and Thailand. He began his career at Buick Motor Division in 1983. John Stapleton, currently CFO of GM Global Manufacturing, will replace Stevens as CFO of North America. Stapleton has more than 24 years of financial experience at GM.
Express Scripts Holding Company (NASDAQ: ESRX) announced that Cathy R. Smith will join the company as Executive Vice President and Chief Financial Officer, effective February 10, 2014. She will join Express Scripts from Walmart, where she has been executive vice president of strategy and chief financial officer for Walmart International since February 2010. Before joining Walmart, she was executive vice president and chief financial officer at GameStop. Prior to GameStop, she held executive vice president and chief financial officer roles at Centex Corp., and Kennametal.
RadioShack Corporation (NYSE: RSH) announced the appointment of John W. Feray as its new Executive Vice President and Chief Financial Officer effective February 6, 2014. Mr. Feray joins RadioShack from Dollar General Corporation, where he has been Senior Vice President-Finance and Strategy since 2008. Prior to joining Dollar General, Feray served as Senior Vice President and Chief Financial Officer of First American Payment Systems. Before that he spent several years as Senior Vice President and Chief Financial Officer of Haggar Corporation. RadioShack’s Interim CFO Holly Etlin will continue to work with the Company as a member of the AlixPartners team advising the company on its operational turnaround.
Freescale Semiconductor, Ltd. (NYSE: FSL) announced that it has launched a formal process to identify a successor to Alan Campbell, chief financial officer, who has announced his decision to retire from the company. Campbell will continue in his role as CFO during the transition. Campbell joined Motorola in 1979 and became the chief financial officer of its Semiconductor Products Sector in 2000.
ZeOmega, Inc. announced that Steve Lerch has joined the ZeOmega team as senior vice president and chief financial officer for the company. Lerch joins ZeOmega from MedeAnalytics, where he was senior vice president and general manager for the company’s Provider Solutions Business Unit. He had served initially as chief financial officer for MedeAnalytics. Lerch began his career in public accounting and was a business assurance partner with Coopers & Lybrand, now PricewaterhouseCoopers. Prior to joining MedeAnalytics, he worked with three publicly-held companies, serving as chief revenue officer for Inuvo, the EVP, CFO and COO for Workstream, and the EVP, CFO, and COO for Rewards Network.
Bartech announced that James (Jim) Hanrahan, has been appointed executive vice president and chief financial officer (CFO). Most recently, Hanrahan served as executive vice president and general manager for a division of CDI Corporation. Hanrahan started his professional career as an engineer for UOP Process Division of Allied Signal/Honeywell.
Rightside, the domain name services division of Demand Media (NYSE: DMD), announced the recent appointment of Tracy Knox as Chief Financial Officer (CFO). Most recently, Knox was CFO for private equity-backed A Place for Mom, Inc. During her career, Knox served as the CFO of Drugstore.com. Prior to joining Drugstore.com, Knox worked for Western Wireless International as the Director of International Accounting where she managed the company’s global financial operations.
Quaker Steak & Lube®announced that Frederick Dreibholz, current chief financial officer, has been named interim chief executive officer. Dreibholz replaces John Longstreet who is stepping down as chief executive officer. After serving on the board of directors since 2004, Longstreet became chief executive officer in 2010. Dreibholz joined Quaker Steak & Lube® in November 2012 as chief financial officer. Prior to The Lube®, Dreibholz held the position of chief financial officer for several restaurant groups, including Flik International, Champps Entertainment and Souper Salad.
STV announced that Thomas W. Butcher has joined as chief financial officer. Prior to joining STV, he was the chief financial officer and treasurer of a privately-held civil engineering firm. Butcher began his career with the global accounting firm Ernst & Young, LLP. Butcher is replacing Peter W. Knipe, who retired from STV as CFO after 34 years with the firm. Knipe will continue to consult with the firm and will remain a member of STV’s Board of Directors.
Cardinal Energy Group, Inc. (OTC: CEGX) announced that it has appointed John Jordan as Chief Financial Officer for the Company. Mr. Jordan will replace Daniel Troendly who has resigned due to health reasons. Mr. Jordan spent over 36 years with Unocal Corporation and its successor Chevron Corporation in various assignments within the Comptroller’s Department.
Infinera (NASDAQ: INFN) announced the appointment of Brad Feller as Senior Vice President of Finance. He joins Infinera following more than five years in senior finance positions at Marvell Technology Group. Mr. Feller most recently served as Marvell’s interim chief financial officer. It was also announced that effective March 1, 2014, Mr. Feller will become Infinera’s CFO, replacing Ita Brennan, who previously announced her resignation effective February 28, 2014. Ms. Brennan will continue to direct Infinera’s finance activities as CFO until her departure date. Prior to Marvell, Mr. Feller served as the corporate controller of Integrated Device Technology and in various roles at Ernst & Young LLP in the high technology.
Hacker Group announced that Richard Jacroux has been named its new Chief Financial Officer (CFO). Jacroux has held CFO positions since 2006, at Cole & Weber, Inc, Light Doctor, LLC, and most recently at Digital Kitchen LLC.
USMD Holdings, Inc. (NASDAQ: USMD) announced that Carolyn Jones has been appointed Chief Financial Officer and Executive Vice President. Prior to becoming CFO of USMD and joining the USMD executive management team, Jones served as USMD interim CFO. Previously, Jones was affiliated with the Tatum division of Ranstand Professionals US, LP. During her time there, she completed assignments as interim vice president of Financial Planning & Analysis for Tenet Healthcare and interim CFO of the Dallas Independent School District. Prior to her time with Tatum, Jones served as co-founder of Jones & Co., a financial consulting firm. She also has experience serving as vice president of Financial Planning & Analysis for PacificCare of California. Additionally, Jones has held financial and accounting positions with PriceWaterhouseCoopers and First Interstate Bank.
Medallia® announced the appointment of Chris Watts as Chief Financial Officer. Watts joins Medallia from Workday where he was vice president of finance. Prior to Workday, Watts held management and executive-level finance positions in Europe and the U.S. at eBay, Commerce One, PricewaterhouseCoopers, and VUDU.
Cat Auction Services (CAS) announced that Gary Trettel, previously its Chief Financial Officer and General Manager, will take over as the company’s new President and CEO. Prior to joining CAS in 2010, Trettel spent 11 years with Mohawk Moving & Storage-United Van Lines, serving as its controller, EVP and then finally the President and CEO, before leaving in 2010.
Devon Energy Corporation (NYSE: DVN) announced that Thomas L. Mitchell will be joining the company as executive vice president and chief financial officer. Most recently, after playing an instrumental role in taking Midstates Petroleum Company public, Mitchell served as vice president, CFO and as a director of Midstates. From 2006 to 2011, he served as senior vice president and chief financial officer of Noble Corporation. Prior to joining Noble, he was employed by Apache Corporation for 18 years in various financial and commercial roles. In a related move, Devon’s incumbent CFO, Jeff Agosta, is leaving to pursue other interests.
CallFire announced that Charles Hilliard has been named to its board of directors. Hilliard was the former president and CFO of Demand Media, advisor to DropBox, and CFO of United Online, Inc. (NASDAQ: UNTD) and NetZero.
Advanced Content Services, Inc. (OTC: ADCS) announced that Jim DiPrima is currently serving as the company’s CFO. Mr. DiPrima has served as chief executive officer of MBD Midwest. Mr. DiPrima has approximately 18 years working in various positions with public traded companies.
Electronics For Imaging, Inc. (NASDAQ: EFII) announced the appointment of David Reeder as Chief Financial Officer. Reeder most recently held the position of VP, Finance of Cisco’s System’s Enterprise Networking Division. Prior to that role, Reeder served at Broadcom Corporation as Vice President & Managing Director, Asian Operations, after serving as Controller for Broadcom’s U.S. Manufacturing and Operations. Before joining Broadcom Reeder held various financial and operational positions with Texas Instruments. Marc Olin, who has served as the Company’s Interim Chief Financial Officer since September, 2013, has been appointed to the newly created role of Chief Operating Officer. Marc Olin joined EFI in 2003 when the Company acquired PrintCafe, where he was CEO and Co-Founder.
Heritage Oaks Bancorp, the holding company for Heritage Oaks Bank (NASDAQ: HEOP) announced that the Company’s and the Bank’s Executive Vice President and Chief Financial Officer, Mark Olson, has tendered his resignation effective January 31, 2014. In the interim, Simone Lagomarsino, an experienced financial services executive who has previously served as a chief financial officer at other institutions, will assume Mr. Olson’s duties and she will serve as President, Chief Executive Officer and Interim Chief Financial Officer.
GT Advanced Technologies Inc. (NASDAQ: GTAT) announced a chief financial officer transition. CFO Richard Gaynor resigned, effective March 6, 2014, to accept a new position with a portfolio company of New Mountain Capital LLC, a private equity firm. The company also announced the appointment of Raja Bal as vice president, corporate controller and chief accounting officer. Bal will succeed Gaynor as CFO of GT on March 7. Bal was at Skyworks Solutions Inc. for the last 12 years and served as corporate controller and in a number of other senior finance positions, including director of corporate development with responsibility for strategic planning and mergers and acquisitions. Bal previously held positions with Lucent Technologies and Ernst and Young.
Susquehanna Bancshares, Inc. (NASDAQ: SUSQ) announced that Executive Vice President and Treasurer Michael W. Harrington also assumed the role of Chief Financial Officer following the retirement of Drew K. Hostetter from the role of CFO at the end of 2013.
Excelsior Mining Corp. (OTC: EXMGF) announced the appointment of Sonya Atwal as Chief Financial Officer of the Company. Ms. Atwal previously served as Chief Financial Officer of Excelsior from 2007 to 2011 and as Corporate Secretary from 2009 to 2010. She has also acted as Chief Financial Officer and Controller with numerous other public and private companies. Ms. Atwal replaces Samuel Yik as Chief Financial Officer.
CymaBay Therapeutics, Inc. announced that Sujal Shah has been appointed Chief Financial Officer. Mr. Shah served as a consultant and acting Chief Financial Officer since June 2012. Prior to joining CymaBay, Mr. Shah served as Director, Health Care Investment Banking at Citigroup from 2010 to 2012. From 2004 to 2010, Mr. Shah was employed with Credit-Suisse, last serving in the capacity as Vice President, Health Care Investment Banking.
SMTP, Inc. (OTC: SMTP) announced the appointment of Lewis Moorehead as SMTP’s new Chief Financial Officer. Most recently, Mr. Moorehead was VP of Finance and Principal Accounting Officer of Limelight Networks. Previously, Mr. Moorehead was VP and Chief Accounting Officer of eTelecare Global Solutions. Mr. Moorehead began his career at PricewaterhouseCoopers, and after nine years of service he joined American Express as Vice President and Controller.
Agility Health, Inc. (TSX-V: AHI) announced that Adam Kinder has been appointed as the Company’s interim Chief Financial Officer. Mr. Kinder is replacing Michael Valdes, who has resigned as the Company’s Chief Financial Officer to pursue other interests. Mr. Kinder has been serving as Agility Health’s Director, Accounting and Finance. Prior to accepting his position with Agility Health, Mr. Kinder worked for Crowe Horwath, LLP.