CFO Moves this week include:
|Tiffany & Co.||Iron Mountain Incorporated||McDonald’s Corp.|
|Brookline Bancorp, Inc.||Select Comfort Corporation||Ethan Allen Interiors Inc.|
|Amedisys, Inc.||Enable Midstream Partners, LP||WPX Energy|
|PBF Energy Inc.||Auction.com||Huntington Bancshares Inc.|
|Multimedia Plus||Cohen & Steers, Inc.||American Realty Capital New York Recovery REIT, Inc.|
|Respect Your Universe, Inc.||Unilife Corporation||Franklin Wireless Corp.|
|JBI, Inc.||GetWellNetwork, Inc.||KonaRed Corporation|
|LeoNovus Inc.||Cancer Genetics||Discovery Communications|
|Caliber Imaging & Diagnostics||The KEYW Holding Corporation||Sunnyside Federal Bancorp, Inc.|
|Armored AutoGroup Parent Inc.||Hurco Companies, Inc.||Digital Realty Trust, Inc.|
|First West Virginia Bancorp, Inc.||BCB Bancorp, Inc.||OncoMed Pharmaceuticals, Inc.|
|Alanco Technologies, Inc.||Signature Exploration and Production Corp.||Poage Bankshares, Inc.|
|The Federal Home Loan Bank of Cincinnati||AWG International Water Corporation||Imaging Diagnostic Systems, Inc.|
|Wound Management Technologies, 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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Tiffany & Co. (NYSE: TIF) announced that Ralph Nicoletti will become its next executive vice president and chief financial officer. His appointment will become effective on April 2, 2014. The Company also announced the intention of James N. Fernandez, chief operating officer and chief financial officer, to retire in July. Mr. Nicoletti joins Tiffany from CIGNA, the global health services and insurance company, where he was executive vice president and chief financial officer. Prior to that, he was executive vice president and chief financial officer at Alberto Culver and held various financial management positions at Kraft Foods. Mr. Fernandez has been chief financial officer since the resignation of the previous chief financial officer last November and had also served as chief financial officer from 1989 to 2011. Mr. Fernandez, 58, a 30-year veteran of Tiffany, has been Tiffany’s chief operating officer since 2011.
Iron Mountain Incorporated (NYSE: IRM) appointed Rod Day as the company’s executive vice president and chief financial officer. Day has served as Iron Mountain’s acting CFO since November 1, 2013, and had previous roles both as senior vice president and CFO International from November 2009, and CFO Europe in 2008 when he joined the company. Prior to joining Iron Mountain, Day had several roles at AOL Europe, including director of financial control and planning, vice president finance and strategy, and most recently, CFO for Europe. Prior to AOL, Day held senior strategic planning and finance roles at Kingfisher plc.
McDonald’s Corp. (NYSE: MCD) announced that upon the retirement in October 2014 of Chief Operating Officer Tim Fenton, Pete Bensen, Executive Vice President and Chief Financial Officer, will assume oversight for Worldwide Supply Chain, Development and Franchising functions. The Board has elected Bensen to the position of Senior Executive Vice President. Fenton joined McDonald’s in 1973 as a crew member in Utica, N.Y. He has held a variety of leadership roles throughout his McDonald’s career, including President of McDonald’s Asia-Pacific, Middle East and Africa (APMEA). Prior to that, he served as President of the East Division for McDonald’s USA. Before joining the U.S. business, he was Senior Vice President of Southeast Asia-Pacific, Middle East and Africa, Vice President and Managing Director of McDonald’s Middle East Development Company and served in numerous operations and leadership positions in Asia, Poland, Central Europe and the U.S.
Brookline Bancorp, Inc. (NASDAQ: BRKL) announced that Carl M. Carlson has been appointed as the Company’s Chief Financial Officer and Treasurer, effective April 1, 2014. Mr. Carlson will succeed Julie A. Gerschick, who resigned from the Company effective December 31, 2013. Mr. Carlson has served as Senior Vice President and Deputy Chief Financial Officer at Webster Financial Corporation since 2011. Mr. Carlson joined Webster Financial in 2007, and previously served as Senior Vice President and Director, Finance and Senior Vice President, Strategic Planning and Corporate Development. Prior to joining Webster Financial, Mr. Carlson served as an officer at North Fork Bancorporation, Inc. where he was employed from 1986 to 2007.
Select Comfort Corporation (NASDAQ: SCSS) announced that David Callen has been appointed the company’s senior vice president and chief financial officer, effective as of April 7, 2014. Callen was previously Ethan Allen Interiors, Inc.’s principal financial officer, serving as vice president, finance and treasurer. Prior to that, he served as vice president of global finance of Phototronics, Inc., and worked as corporate controller of Johnson Outdoors, Inc.
Ethan Allen Interiors Inc. (NYSE: ETH) announced that David Callen, Vice President Finance & Treasurer, has resigned from the Company to pursue another opportunity, effective March 31, 2014. The Company further announced that Corey Whitely, Executive Vice President, Operations, has assumed the additional role of interim Chief Financial Officer and Treasurer.
Amedisys, Inc. (NASDAQ: AMED) announced the appointment of Dale E. Redman to the position of Interim Chief Financial Officer. Mr. Redman served as the Company’s Chief Financial Officer from February 2007 through December 2011, and retired from the Company as its Executive Vice President of Finance in February 2012. As previously reported, the Amedisys Board of Directors has named Ronald LaBorde Interim CEO while a national search for a permanent CEO is underway. Following his retirement from the Company until his appointment as Interim Chief Financial Officer, Mr. Redman managed personal investments. Prior to February 2007, Mr. Redman served as Managing Director at Windward Capital Consulting, LLC. Prior to April 1999, he was the Executive Vice President and Chief Financial Officer of United Companies Financial Corporation.
Enable Midstream Partners, LP announced that Rodney J. Sailor has been named executive vice president and chief financial officer, effective April 1, 2014. Sailor joins the company from Tulsa-based WPX Energy where he most recently served as senior vice president and chief financial officer. Prior to joining WPX, Sailor served as vice president and treasurer for The Williams Companies. During that time he assisted in the formation on two master limited partnerships; Williams Partners (WPZ) and Williams Pipeline Partners (WMZ) and the spin-off of WPX Energy. He served as a director of Williams Partners GP LLC, the general partner of WPZ, from October 2007 until February 2010. Sailor served as a director of Williams Pipeline GP LLC, the general partner of WMZ, from January 2008 until WMZ merged with WPZ in August 2010.
WPX Energy (NYSE: WPX) announced that Senior Vice President and Chief Financial Officer Rod Sailor will resign from the company effective March 31to accept a position at another company. The Board of Directors appointed J. Kevin Vann, who serves as the company’s Vice President, Controller and Chief Accounting Officer, to be interim Senior Vice President and Chief Financial Officer. Vann will also replace Sailor as director for Apco Oil and Gas International. Vann began his career with Arthur Andersen in Tulsa before coming to Williams in 1998. He held positions responsible for accounting and risk management. In 2006, he became Controller for the Exploration & Production business of Williams, which later spun off as independent company WPX Energy.
PBF Energy Inc. (NYSE: PBF) announced that Matthew Lucey, currently Chief Financial Officer, has been named Executive Vice President. Erik Young, currently Director of Strategic Planning, has been named Senior Vice President and Chief Financial Officer. The appointments will take effect April 1, 2014.
Auction.com added former Oracle Chief Financial Officer Jeff Epstein to its board of directors. Epstein, who will chair the Audit Committee. Epstein is an operating partner at Bessemer Venture Partners and a senior advisor at Oak Hill Capital Partners. He serves on the board of directors for Priceline. He also serves on the board of Shutterstock. Prior to joining Oracle, Epstein served as chief financial officer of several public and private companies, including DoubleClick, which was sold to Google; King World Productions, which was sold to the CBS Corporation; and Nielsen’s Media Measurement and Information Group. Earlier in his career, he was an investment banker at The First Boston Corporation. He also currently serves on the boards of directors of Kaiser Permanente and Global Eagle Entertainment, and the management board of the Stanford University Graduate School of Business.
Huntington Bancshares Inc. (NASDAQ: HBAN) named Howell D. “Mac” McCullough III, senior executive vice president and chief financial officer. During the last seven years, he was the chief strategy officer at U.S. Bank. Immediately prior to that he was the chief financial officer for U.S. Bancorp’s payment services division and was its director of investor relations from 2001 to 2005. He first joined U.S. Bancorp in 1993. Before joining U.S. Bancorp, he was the director of corporate development at Huntington from 1992 to 1993 and served as a senior financial analyst at Huntington from 1991 to 1992.
Multimedia Plus announced Anthony (Tony) DeLuca has been appointed as the company’s Chief Financial Officer. Mr. DeLuca joins Multimedia Plus after serving as CFO at Design Within Reach. Previously, he held various executive positions including Director of Finance, The Americas at Burberry, Limited. Prior to this, he served as Controller at Hermes of Paris, Inc. for nine years. Earlier, he served as Controller, Wholesale Division, at Bally, Inc.
Cohen & Steers, Inc. (NYSE: CNS) announced the appointment of Frank T. Connor to the company’s board of directors. Mr. Connor is Executive Vice President and Chief Financial Officer of Textron Inc. Prior to joining Textron in August 2009, Mr. Connor was Managing Director and Head of Telecom Investment Banking at Goldman Sachs & Co. from 2003 to 2008. Prior to that, he served as Chief Operating Officer of Telecom, Technology and Media Investment Banking at Goldman Sachs from 1998 to 2003. Mr. Connor joined the corporate finance department at Goldman Sachs in 1986 and became a vice president in 1990 and a managing director in 1996. He also serves as a director of FM Global, a Rhode Island headquartered mutual insurance company.
American Realty Capital New York Recovery REIT, Inc. announced that Gregory W. Sullivan will be appointed Chief Financial Officer and Chief Operating Officer effective April 21, 2014. Mr. Sullivan comes to NYRR from STAG Industrial, Inc., where he served as Chief Financial Officer since STAG’s initial public offering in April 2011. Prior to STAG’s formation, he served on the Board of Managers of STAG Capital Partners, LLC and STAG Capital Partners III, LLC from 2004 to 2011. Mr. Sullivan served as Executive Vice President for Corporate Development for New England Development LLC (NED) from 2002 to 2011. Mr. Sullivan was also the Executive Vice President and Chief Financial Officer of TrizecHahn Corporation. From 1987 to 1994, Mr. Sullivan was employed in various capacities at AEW Capital Management in Boston.
Respect Your Universe, Inc. (OTC: RYUN) announced that Michelle Sibley has been appointed as a director. Michelle Sibley is the Chief Financial Officer at Sachs Capital Group LP. While at Sachs Capital Group, Ms. Sibley also served as the Chief Financial Officer for SCG Financial Acquisition Corp., a publicly traded special purpose acquisition company. Prior to joining Sachs Capital Group LP, Ms. Sibley was a senior tax manager in Deloitte & Touche’s tax practice.
Unilife Corporation (NASDAQ: UNIS) announced that Dennis Pyers, Vice-President and Controller of Unilife since 2010, has been named Interim CFO. Mr. Pyers replaces Richard Wieland who is leaving Unilife after four years as Executive Vice President and Chief Financial Officer. Pyers has served as the Chief Accounting Officer, Vice President and Controller of Unilife Corporation since July 2010. Mr. Pyers spent over 25 years with KPMG, including serving as a partner from 2002 to 2009.
Franklin Wireless Corp. (OTC: FKWL) announced that its Board of Directors has approved the promotion of Richard (“Rick”) Walker to chief financial officer. Mr. Walker joined the Company in 2009 and previously served as the Company’s vice president of finance and accounting.
JBI, Inc. (OTC: JBII) announced that it has hired Rahoul S. Banerjea as its Chief Financial Officer (“CFO”). As a Principal with Matun Group LLC, Mr. Banerjea was Interim Vice President of Finance at Bodycote, Hot Isostatic Processing (“HIP”) Division. As a Partner with Tatum, LLC, Mr. Banerjea was Interim Corporate Controller of CMGI, Inc., Interim Finance Director at FTI Consulting’s technology segment, Project Consultant at Interactive Data Corporation (“IDC”), Interim Chief Financial Officer at Harmonix Music Systems, and Project Consultant at Commercial Industrial Financial Corporation. Prior to joining Tatum, Mr. Banerjea was CFO of Compaq/Digital Equipment Corp’s (“DEC”) Spain and Portugal subsidiaries.
GetWellNetwork, Inc. announced the appointment of Bart Witteveen as the company’s new chief financial officer. Prior to joining GetWellNetwork, Witteveen served as chief financial officer at Matrix Medical Network.
KonaRed Corporation (OTC: KRED) announced that John Dawe has become the Company’s new CFO. Mr. Dawe brings more than 30 years of financial, business, and executive level experience to KonaRed Corporation, having served as Treasurer, VP Finance, and CEO for various finance-related entities since 1993. His most recent endeavor at DAS Corporate Services (2002-2014) found him responsible for the creation and maintenance of accounting and reporting systems for US publicly traded companies. Mr. Dawe succeeds Dana Roberts, who will leave to concentrate on Malie, Inc., a company she founded in 2004 that specializes in all natural luxury spa and beauty products.
LeoNovus Inc. (TSX-V: LTV) announced that David Belgum has been appointed as LeoNovus’ Chief Financial Officer. He will be replacing Gary Martin, a Director of LeoNovus, who has acted as interim Chief Financial Officer since Dec. 26, 2013. Belgum has a significant amount of financial experience and was previously Chief Financial Officer of Prozyme, Inc. Prior to that, he was President and Chief Financial Officer of Belgum Financial Solutions, Inc. working with companies such as Obopay and Invio Software.
Cancer Genetics (NASDAQ: CGIX) announced that effective April 1, 2014, it has appointed Edward J. Sitar as Chief Financial Officer. Mr. Sitar was most recently the Chief Financial Officer of Healthagen, a subsidiary of Aetna Company. Prior to that, he was the Executive VP and Chief Financial Officer of ActiveHealth Management, also a subsidiary of Aetna. From 2001 to 2010, he was the Executive VP and Chief Financial Officer of Cadent Holding. From 1998 to 2001, he was the Chief Financial Officer of MIM Corporation (currently known as Bioscrip). From 1996 to 1998, he was the VP of Finance for Nasdaq-listed Vital Signs. Prior to that he was Controller for Zenith/Goldline Pharmaceutical. Cancer Genetics also announced the resignation of Elizabeth Adkins Czerepak, Chief Financial Officer and Principal Accounting Officer, effective March 31, 2014 to pursue other opportunities.
Discovery Communications (NASDAQ: DISCA, DISCB, DISCK) announced the appointment of Doug Baker to the position of Chief Operating Officer and Chief Financial Officer for Discovery Networks International (DNI). Baker currently serves as Executive Vice President and Chief Financial Officer for DNI, and will transition into his new role over the next few weeks. Baker joined Discovery in 2005 as CFO for Discovery Commerce. He then assumed the role of CFO for Discovery Digital Media, Emerging Networks & Business Development. Prior to joining Discovery, Baker served in a variety of financial, operating and strategic roles, primarily with leading consumer brand Hallmark. His responsibilities included headquarter assignments in Hallmark International’s Finance and Treasury functions as well as regional leadership roles as Hallmark UK’s Finance & Information Technology Director.
Caliber Imaging & Diagnostics (OTC: LCDX), formerly Lucid, Inc., has named Richard C. Christopher as Chief Financial Officer. Mr. Christopher replaces Richard J. Pulsifer. Christopher served for eight years as Chief Financial Officer of DUSA Pharmaceuticals, Inc., until its sale to Sun Pharmaceuticals Industries Limited in 2012. Mr. Christopher arrived at DUSA in 2000 and held a series of positions of increasing responsibility before assuming the CFO role in January 2005.
The KEYW Holding Corporation (NASDAQ: KEYW) announced that John Krobath is stepping down as Chief Financial Officer effective April 25, 2014 to pursue other professional opportunities. The company expects to announce a successor before that date to ensure an orderly transition.
Sunnyside Federal Bancorp, Inc. announced that Gerard Iervolino, Vice President and Chief Financial Officer of the Company, resigned. It is expected that Mr. Iervolino will continue to serve as Chief Financial Officer until April 4, 2014.
Armored AutoGroup Parent Inc. announced that it has acquired IDQ Acquisition Corp. IDQ was previously owned by an affiliate of Kinderhook Industries, LLC. Gerry Rooney, Chief Financial Officer of IDQ, will serve as Executive Vice President of Operations and lead integration efforts. Andy Bolt, Executive Vice President and Chief Financial Officer of Armored AutoGroup, will serve as Executive Vice President and CFO of the combined business.
Hurco Companies, Inc. (NASDAQ: HURC) announced the promotion of Sonja K. McClelland to Vice President, Secretary, Treasurer and Chief Financial Officer. Most recently Ms. McClelland served as Corporate Controller, Assistant Secretary and Principal Accounting Officer. Ms. McClelland has been with Hurco Companies, Inc. since September 1996. She has had a progressive role in the development of business both domestically and internationally during her eighteen years with the Company.
First West Virginia Bancorp, Inc. (NYSE MKT: FWV) appointed Joseph M. Menendez to serve on the Board of Directors of the Company and to serve on the Board of Directors of Progressive Bank, N.A., its wholly owned subsidiary bank. Mr. Menendez serves as the Chief Financial Officer of Tecnocap LLC, an international manufacturing company. Mr. Menendez will serve on the Company’s Audit Committee of the Board of Directors.
BCB Bancorp, Inc. (NASDAQ: BCBP) appointed Thomas P. Keating as Chief Financial Officer. Until his appointment as Chief Financial Officer, Mr. Keating was Chief Financial Officer and Chief Operating Officer with Enterprise National Bank in Kenilworth, New Jersey (2011-present). Previously Mr. Keating was employed by Pamrapo Bancorp and subsequent to its acquisition by BCB Bancorp (2009-2011). Prior thereto, Mr. Keating was Chief Financial Officer of AES Red Oak, LLC.
OncoMed Pharmaceuticals, Inc. (NASDAQ: OMED) announced that Sunil Patel was appointed Chief Financial Officer, Senior Vice President Corporate Development and Finance. He will succeed William Waddill, who is leaving at the end of this month to join a private company. Mr. Patel has been with OncoMed since 2009, most recently as Senior Vice President, Chief Business Officer. Prior to OncoMed, Mr. Patel held executive roles with multiple biotechnology companies, including BiPar Sciences, Connetics Corporation and Abgenix, Inc. He has played a leadership role in driving more than $8 billion in strategic licensing and M&A transactions, including leading OncoMed’s strategic transactions with Bayer and Celgene and managing the collaborative efforts with GSK. Earlier in his career, he was a management consultant with McKinsey & Company. He currently serves on the Board of Directors and is a member of the audit committee of Ligand Pharmaceuticals, Inc.
Alanco Technologies, Inc. (OTC: ALAN) appointed John A. Carlson to serve as the President and Chief Executive Officer. Mr. Carlson joined the Company in September 1998 as the Chief Financial Officer and Executive Vice President and was made a Director in 1999. The Board also appointed Danielle Haney as Chief Financial Officer. Ms. Haney joined the Company in September 2001 and has most recently served as the Corporate Controller and Corporate Secretary. Ms. Haney will continue to serve as Corporate Secretary.
Signature Exploration and Production Corp. (OTC: SXLP) announced that Steven Weldon resigned as the Chief Executive Officer. Mr. Weldon will continue to serve as the Chief Financial Officer of the Company.
Poage Bankshares, Inc. (NASDAQ: PBSK), the holding company for Home Federal Savings and Loan Association, announced the completion of the acquisition of Town Square Financial Corporation and Town Square Bank. Town Square Bank merged with and into Home Federal, with Home Federal as the surviving entity. Jane Gilkerson, former Chief Financial Officer of Town Square and Town Square Bank, will serve as Chief Financial Officer of the Company and Home Federal.
American Spectrum Realty, Inc. (NYSE MKT: AQQ) announced that Elisa Grainger resigned as chief financial officer in order to pursue other personal interests. Ms. Grainger has agreed to continue with the Company in a consulting role.
The Federal Home Loan Bank of Cincinnati announced that Carole L. Cossé, the Bank’s Senior Vice President-Chief Financial Officer, left her position with the Bank. Donald R. Able became the Executive Vice President-Chief Operating Officer & interim Chief Financial Officer. He became Executive Vice President-Chief Operating Officer in August 2012 and has served as the Principal Financial Officer since January 2007. Prior to that, he had served as the Senior Vice President-Chief Accounting and Technology Officer since January 2011 and as the Senior Vice President-Controller since March 2006
AWG International Water Corporation (OTC: AWGI) announced that Jeff Mitchell, Chief Financial Officer, has resigned. Mr. Mitchell is pursuing other business opportunities. The company appointed Keith White as Chief Financial Officer. The company also announced the appointment of Jeff Mitchell to fill the vacancy on the Board of Directors. Additionally, the Board of Directors appointed Jeff Mitchell to the Audit Committee.
Wound Management Technologies, Inc. (OTC: WNDM) announced that Darren Stine has been appointed Chief Financial Officer. In addition to holding senior management positions at EcoProduct Solutions (April 2007 through March 2008), and Country Fresh (March 2008 through November 2008), Mr. Stine owned and operated his own tax and accounting consulting firm from November of 2008 through September of 2010, and served as a senior manager at CPA firm Cain, Watters and Associates from September of 2010 through October of 2013.