CFO Moves this week include:
|The Hartford||B/E Aerospace||Bioanalytical Systems, Inc.|
|Rent-A-Center, Inc.||Syros Pharmaceuticals||Mattress Firm Holding Corp.|
|Cinedigm||Patterson Companies, Inc.||NeighborWorks America|
|BPV Capital Management (BPV)||Solstice Biologics LLC||Aventine Renewable Energy Holdings Inc.|
|GroGenesis, Inc.||Inventergy Global, Inc.||Innocent Inc.|
|CorVel Corporation||Cardinal Health||Mentor Capital, Inc.|
|Myriad Genetics, Inc.||Truett-Hurst Inc.||GNC Holdings, Inc.|
|Paragon 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 email@example.com or by phone at +1 (415) 738-2070.
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Amgen (NASDAQ: AMGN) announced the appointment of David W. Meline as executive vice president and chief financial officer (CFO), effective July 21, 2014. Meline will succeed Michael A. Kelly, who served as acting CFO since January 2014. Meline joins Amgen from 3M Company, where he most recently served as senior vice president and CFO. Previously, Meline held numerous leadership positions at General Motors.
3M announced that Nicholas C. Gangestad has been appointed senior vice president and chief financial officer. Nick replaces David W. Meline, who is leaving to become chief financial officer with another large publicly traded company. Gangestad served as corporate controller and chief accounting officer for the past three years. Gangestad’s 27-year 3M career encompasses financial leadership positions across several businesses in multiple geographic regions, including the United States, Asia Pacific, Latin America and Canada.
PPL Corporation (NYSE: PPL) and Riverstone Holdings LLC announced an agreement to combine their merchant power generation businesses into a new stand-alone, publicly traded Independent Power Producer called Talen Energy Corporation. Paul A. Farr, PPL’s executive vice president and Chief Financial Officer, will be Talen Energy’s president and Chief Executive Officer and a director of the new corporation. Vincent Sorgi, currently vice president and controller for PPL, is being named a senior vice president of PPL and its Chief Financial Officer.
The Hartford (NYSE: HIG) announced that Christopher J. Swift has been appointed chief executive officer of The Hartford and a member of the company’s Board of Directors. The company also appointed Beth A. Bombara to succeed Swift in the chief financial officer role. The appointments are effective July 1, 2014. Swift joined The Hartford in March 2010 and is currently executive vice president and chief financial officer. Previously he held various senior leadership and finance roles at American International Group (AIG). Swift began his career in public accounting at KPMG LLP focused on financial services and was eventually appointed head of the Global Insurance Industry Practice. Bombara has been president of Talcott Resolution since July 2012 and prior to that served as senior vice president and controller for the company. She joined The Hartford in April 2004. Prior to that, Bombara was a senior manager in Deloitte & Touche LLP’s audit practice and was a partner at Arthur Andersen LLP.
B/E Aerospace (NASDAQ: BEAV) announced the appointment of David J. Anderson to its Board of Directors. Mr. Anderson recently retired from Honeywell International Inc. where he was the Senior Vice President and Chief Financial Officer from 2003 until his retirement in April 2014. Prior to joining Honeywell, Mr. Anderson had senior financial roles at ITT Industries, Inc., Newport News Shipbuilding and RJR Nabisco Holding Corporation.
Bioanalytical Systems, Inc. (NASDAQ:BASI) announced the appointment of Jeffrey Potrzebowski as Chief Financial Officer. Jeffrey Potrzebowski joins BASi after serving since 2006 in various positions of increasing responsibility with Oerlikon Drive Systems, most recently as Chief Financial Officer. Earlier, he was Senior Vice President and Chief Financial Officer of Remy International. Previously, Mr. Potrzebowski was Senior Vice President and Chief Financial Officer of Great Lakes Chemical.
Rent-A-Center, Inc. (NASDAQ: RCII) announced the appointment of Guy J. Constant as Executive Vice President – Finance, Chief Financial Officer and Treasurer. Mr. Constant was previously employed by Brinker International, Inc. and held several key financial positions over his 10-year tenure, most recently serving as Executive Vice President, Chief Financial Officer and President of Global Business Development, from January 2013 until March 2014; Executive Vice President and Chief Financial Officer, from September 2010 to January 2013; Senior Vice President of Finance, from May 2008 to September 2010; Vice President of Strategic Planning, Analysis and Investor Relations, from September 2005 to May 2008; and Senior Director of Compensation, from November 2004 to September 2005. Prior to Brinker, Mr. Constant spent nine years at AMR Corporation, the parent of American Airlines, in various finance positions of increasing scope and responsibility.
Syros Pharmaceuticals announced that Jorge Conde has joined Syros’ executive leadership team as its Chief Financial Officer (CFO) and Chief Product Officer. Prior to joining Syros, Mr. Conde co-founded Knome with George Church, Professor of Genetics at Harvard Medical School. Mr. Conde was most recently CFO at Knome. Prior to Knome, Mr. Conde worked in marketing and operations at MedImmune, the global biologics arm of AstraZeneca. He has worked in the life sciences group at Flagship Ventures and managed the business development function at Helicos Biosciences. Previously, he was an investment banker at Morgan Stanley.
Mattress Firm Holding Corp. (NASDAQ: MFRM) announced the promotion of Alex Weiss to executive vice president and chief financial officer of the Company, effective July 30, 2014. Jim Black will continue to serve as executive vice president and chief financial officer until July 30, 2014, at which point he will transition into the role of senior corporate advisor to Mattress Firm through the end of the current fiscal year. Mr. Weiss joined Mattress Firm in 2013 and is currently serving as the senior vice president of finance. Prior to joining Mattress Firm in 2013, he held positions at Barclays Bank PLC and Lehman Brothers Inc., last serving as Vice President.
Cinedigm (NASDAQ: CIDM) appointed Jeffrey Edell as Chief Financial Officer. Prior to this appointment, Edell was CEO of Edell Ventures. Prior to that, he was CEO of Inferno Entertainment. Previously, Edell was President of DIC Entertainment. Edell has served on the boards of numerous public companies, including MySpace/Intermix Media, Soundelux Entertainment Group and IVC Industries, Inc. He is a member of both The Academy of Motion Picture Arts & Sciences and The Academy of Television Arts and Sciences. He is also Entrepreneur in Residence and Professor at Florida State University’s College of Motion picture Arts.
Patterson Companies, Inc. (NASDAQ: PDCO) announced that R. Stephen Armstrong, executive vice president and CFO, will step down at the end of October 2014, after more than 15 years with the company. Ann B. Gugino, Patterson’s vice president of strategy and planning, has been appointed vice president and CFO effective November 1, 2014. Armstrong will serve as a senior advisor to the company through fiscal year 2016. Gugino has been with Patterson Companies since 2000, serving as the company’s vice president, strategy and planning since 2012. In addition, Gugino has served in several financial and operational management leadership roles within Patterson Dental, including vice president, finance and operations and controller. Before joining Patterson, Gugino was an audit manager with Ernst & Young LLP. She currently serves on the board of directors of Oral Health America and Washburn Children’s Center.
NeighborWorks America announced that it named Thomas Bloom acting Chief Financial Officer. Bloom is currently senior deputy controller for management and chief financial officer for the Office of the Comptroller of the Currency (OCC). He’s held that position since December 2003. The OCC holds a statutory seat on the NeighborWorks America Board of Directors. Prior to being named senior Deputy Controller at the OCC, Bloom was among the senior leadership at the agency and in the U.S. Treasury department, including interim CFO for the Office of Financial Stability. Bloom has decades of experience in financial administration and management, having been assistant secretary for administration and CFO at the U.S. Department of Commerce, CFO at the General Services Administration, and Director of the Defense Finance and Accounting Service.
BPV Capital Management (BPV) announced that it has named Craig Davis to the newly created position of Chief Financial Officer. Prior to BPV, Mr. Davis held a number of senior positions at Proctor & Gamble, including Manager of Global Commodity Risk Management. In addition to P&G, he served in the CFO position at Broyhill Furniture Company and at the MasterCraft Boat Company. Prior to joining BPV, Mr. Davis served as CEO and Managing Principal of GSD Growth Partners.
Solstice Biologics LLC announced that John Borgeson joined as Chief Financial Officer. John Borgeson served as a financial advisor to Solstice since its inception. Mr. Borgeson spent 20 years at Pfizer where he was a member of Pfizer’s Financial Leadership Team and held several financial positions of increasing responsibility. John’s most recent role at Pfizer was Vice President, Finance for Pfizer’s Biotherapeutic and Bioinnovation Center. Since leaving Pfizer in 2010, Mr. Borgeson has helped oversee finance for a variety of private companies, including venBio portfolio companies Labrys Biologics (recently acquired by Teva Pharmaceuticals) and Heart Metabolics Limited. John has also helped oversee finance at venBio.
Aventine Renewable Energy Holdings Inc. announced the promotion of Brian Steenhard to the position of chief financial officer. Steenhard joined the company in January 2013. He began his professional career in 1999 as an audit associate with Arthur Andersen. In 2002 Steenhard moved to a management position in financial reporting at Aquila Inc. In 2006 Steenhard joined Hawkeye Energy Holdings LLC as vice president of finance/controller.
GroGenesis, Inc. (OTC: GROG) announced the appointment of Ron Evinou to the position of Chief Financial Officer. Mr. Evinou was most recently CFO for a highly successful John Deere dealer group. Previously (1990 – 2002), he was CEO/CFO of GeoLogistics. Prior to this, he was CFO/GM of National Carpet and he began his career as Chief Accountant of the Reynolds Aluminum Building Materials Division.
Inventergy Global, Inc. (NASDAQ: INVT) announced the appointment of Stephen B. Huang as Chief Financial Officer of Inventergy. Mr. Huang previously served as the CFO for publicly-traded Altair Nanotechnologies, Inc. Prior to his work with Altair, he served as the CFO at Unigen Corporation and Penguin Computing, Inc.
Innocent Inc. (OTC: INCT) announced that it has appointed James Kerr as Chief Financial Officer. Mr. Kerr started his career with a U.S. Bank before moving into mutual funds as a financial analyst and later joined boutique advisory firms in Toronto specializing in forestry, energy, resources and technology. Mr. Kerr has also been a consultant to the Government of Canada, and has held senior positions with publicly traded companies.
CorVel Corporation announced that Scott R. McCloud tendered his resignation as Chief Financial Officer. Mr. McCloud had been with the Company for 19 years, starting in May 1995. Richard Schweppe, the Company’s Director of Finance, will be promoted to the position of Chief Financial Officer. Mr. Schweppe has been with the Company for 26 years, joining the Company as Director of Finance in March 1988. He was promoted to Chief Financial Officer when the Company completed its initial public offering in June 1991. He served in that position until August 2005 when he resigned from that position to become Director of Finance and was replaced by Scott R. McCloud.
Mentor Capital, Inc. (OTC: MNTR) announced the appointment of Lori J. Stansfield as company CFO.
Myriad Genetics, Inc. (NASDAQ: MYGN) announced that James Evans, chief financial officer of Myriad, has notified the Company of his intent to retire in order to attend to family health issues. Evans joined Myriad in 1995 as corporate controller and was promoted to vice president of Finance in July of 2005. In November of 2007, he was named chief financial officer, a position he has held for the last seven years.
Truett-Hurst Inc. (NASDAQ: THST) announced the appointment of Paul A. Forgue as Chief Financial Officer and Chief Operating Officer. Before joining the Company, Mr. Forgue was a Senior Director of Alvarez & Marsal, where he provided financial and operational leadership including serving as interim CFO in a number of assignments. Prior to Alvarez & Marsal, Mr. Forgue worked with PricewaterhouseCoopers. Mr. Forgue succeeds James D. Bielenberg who resigned as Chief Financial Officer of the Company to pursue other interests.
GNC Holdings, Inc. (NYSE: GNC) announced that Michael M. Nuzzo – Executive Vice President & Chief Financial Officer – has tendered his resignation in order to accept an executive position at a private equity funded consumer products company. Mr. Nuzzo will remain with the Company at least through July 18, 2014.
Paragon Technologies, Inc. (OTC: PGNT) announced that effective June 30, 2014, Deborah Mertz will also join the Company as Interim CFO of Paragon Technologies. From 2006 to 2013 Ms. Mertz held the position of Assistant Controller of ASSA ABLOY Inc. Americas Division. From 1999 to 2006 Ms. Mertz was the Controller/CFO of Sargent Manufacturing Company.