CFO Moves this week include:
|Zoetis Inc.||Spectrum Brands Holdings, Inc.||Newell Rubbermaid|
|Dollar General Corporation||Jo-Ann Fabric and Craft Stores||LRES|
|Cohu, Inc.||Nuverra Environmental Solutions||Energizer Holdings, Inc.|
|Satellite Logistics Group||Kush Bottles||ITC Holdings Corp.|
|GI Partners||Accelerize New Media Inc.||Detechtion Technologies|
|Real Mex Restaurants||Auxilium Pharmaceuticals, Inc.||United Fiber & Data, LLC|
|Millennial Media, Inc.||Kindred Biosciences, Inc.||EZCORP, Inc.|
|Adamas Pharmaceuticals, Inc.||Tesoro Corporation||CMS Bancorp, Inc.|
Would you like to receive our weekly CFO Moves directly in your email? Click the SIGN ME UP! button on the right of the blog page.
Should you have any CFO Moves to report, please email us.
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.
+ + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + +
Zoetis Inc. (NYSE: ZTS) announced the appointment of Paul Herendeen as its new Executive Vice President and Chief Financial Officer (EVP & CFO). Herendeen will begin in his role at Zoetis on Sept. 2, 2014. Herendeen replaces former EVP and CFO Rick Passov, who left the company in April. Glenn David, Senior Vice President of Finance Operations, has been serving as Acting CFO in the interim. David will remain at Zoetis and be an integral part of Herendeen’s leadership team. From 2005 to 2013, Herendeen served as CFO at Warner Chilcott, which was acquired by Actavis in 2013. He joined Warner Chilcott after four years as EVP and CFO of MedPointe. He had been Warner Chilcott’s CFO from 1998 until 2000, joining the company after representing one of its lead investors on Warner Chilcott’s Board of Directors. From 1989 to 1998, Herendeen spent nine years as a principal investor at both Dominion Income Management and Cornerstone Partners. He also spent the early part of his career in banking and public accounting, having held various positions with the investment banking group of Oppenheimer & Company, the capital markets group of Continental Bank Corporation, and as a senior auditor with Arthur Andersen & Company.
Spectrum Brands Holdings, Inc. (NYSE: SPB) announced that Douglas L. Martin will join the Company on September 1 as Executive Vice President and Chief Financial Officer. Mr. Martin replaces Tony Genito who announced plans in April to leave Spectrum Brands by the end of 2014 to return with his family to the Southeast. Mr. Martin comes to Spectrum Brands from Newell Rubbermaid, where he had been Executive Vice President and Chief Financial Officer since 2012 as part of a 27-year career with the company. Prior to serving as CFO, Mr. Martin held a number of key financial leadership positions, including Deputy Chief Financial Officer, Vice President of Finance – Consumer Group, Vice President of Finance – Office Products Group, Vice President and Treasurer, and Vice President, Tax. Mr. Martin began his career with KPMG LLP.
Newell Rubbermaid (NYSE: NWL) announced that Doug Martin, Executive Vice President and Chief Financial Officer, has resigned from the company effective August 31, 2014 to accept a senior leadership position with another company. John Stipancich , the company’s Executive Vice President, General Counsel, Corporate Secretary and EMEA Leader, has been named the company’s Interim Chief Financial Officer. Prior to joining Newell Rubbermaid, Mr. Stipancich held executive positions with Evenflo Co., Inc. and Borden, Inc., both former Kohlberg Kravis Roberts & Co. portfolio companies. He started his legal career as an associate with the international law firm of Squire Patton Boggs.
Dollar General Corporation (NYSE: DG) announced the appointment of Paula A. Price, to its board of directors. Price, who has been designated an audit committee financial expert, will serve on the audit committee of Dollar General’s board. Price has been Senior Lecturer at Harvard Business School in the Accounting and Management Unit since July 2014. She was Executive Vice President and Chief Financial Officer of Ahold USA from May 2009 until January 2014. Before joining Ahold, she was the Senior Vice President, Controller and Chief Accounting Officer at CVS Caremark Corporation from July 2006 until August 2008. Earlier in her career, Price served as the Chief Financial Officer for the Institutional Trust Services division of JPMorgan Chase and held several other senior management positions in the U.S. and the U.K. in the financial services and consumer packaged goods industries. A certified public accountant, she began her career at Arthur Andersen & Co. Price currently serves as a director of Accenture and Western Digital Corporation. She previously served as a director of Charming Shoppes, Inc.
Jo-Ann Fabric and Craft Stores announced that Jim Kerr, the Company’s Executive Vice President and Chief Financial Officer, will serve as Interim Chief Executive Officer of the Company, while continuing in his current role as CFO.
LRES has promoted Susheel Mantha to chief financial officer. Before accepting the role of CFO, Mantha served as a controller in the accounting department at LRES. Prior to joining LRES, she served as divisional controller for a large industrial services company.
Cohu, Inc. (NASDAQ: COHU) announced that Andrew M. Caggia has been elected to the Cohu Board of Directors. Mr. Caggia has more than 35 years of financial management experience and from 2000 until his retirement in 2006 served as Senior Vice President and Chief Financial Officer of Standard Microsystems Corporation. Prior to SMSC, Mr. Caggia held senior financial management positions at General Instrument/General Semiconductor and began his career at SCM Corporation. Mr. Caggia also served as a director of SMSC from 2001 until its acquisition by Microchip Technology, Inc. in 2012.
Nuverra Environmental Solutions (NYSE: NES) announced that it has appointed Tod C. Holmes, former Executive Vice President and Chief Financial Officer of Republic Services, Inc., to serve as an independent director of the Company and a member of the Board’s Audit Committee. Prior to joining the Nuverra Board, Mr. Holmes served as Executive Vice President and Chief Financial Officer of Republic Services, Inc. (NYSE: RSG) from December 2008 until January 2013. Prior to Mr. Holmes being named Senior Vice President and Chief Financial Officer of Republic Services in August 1998, he served as Vice President of Finance for the Solid Waste Group of Republic Industries, Inc. (now AutoNation). In the nearly three decades prior to joining Republic Industries, Mr. Holmes held management and executive-level positions with numerous companies, including Browning Ferris Industries, Inc., Compagnie Generale de Geophysique, and KPMG.
Energizer Holdings, Inc. (NYSE: ENR) announced the Company’s leadership transition plan for the finance organization. Dan Sescleifer, who has served as Energizer’s Chief Financial Officer since 2001, has informed the Company that he intends to depart following completion of the previously announced separation of Energizer’s Personal Care and Household Products businesses. Mr. Sescleifer will continue to serve as Energizer’s CFO through the completion of the separation, which is expected to occur by July 1, 2015. Sandy Sheldon, who serves as the Company’s Vice President, Finance, has been named Chief Financial Officer of the Personal Care business. Brian Hamm, who serves as the Company’s Controller and Chief Accounting Officer, has been named Chief Financial Officer of the Household Products business. These appointments will be effective upon completion of the planned separation. Ms. Sheldon has been the Vice President, Finance of the Company since 2006 and in positions of increasing responsibility within Energizer prior to that date. Prior to joining Energizer, she served as Manager, Internal Audit of Ralston Purina from 1986 to 1993 and as an auditor with PriceWaterhouseCoopers. Mr. Hamm has been the Chief Accounting Officer, Vice President and Controller of the Company since 2013. He served as Vice President, Global Business Transformation from 2012 to 2013. Mr. Hamm joined Energizer in 2008 and served as its Vice President of Global Finance – Energizer Household Products from 2009 to 2012. Prior to joining Energizer, he served as a Vice President of Domestic Planning at PepsiAmericas.
Satellite Logistics Group announced that Michael Ritchey has joined the company as Chief Financial Officer. Over the past 18 years, he has held a variety of positions at Reyes Holdings, LLC. Most recently, he served as vice president of finance there. Ritchey succeeds outgoing CFO Diane Mohr who celebrated twelve years of service with SLG in March. Mohr will be retained in a consulting capacity through the end of the year to ensure a smooth transition.
Kush Bottles announced today the hiring of Chris Martin as the company’s new Chief Financial Officer. Martin most recently served as Director of Accounting, North America, at Billabong. Martin also worked for Haskell & White for almost ten years.
ITC Holdings Corp. (NYSE: ITC) announced that Rejji P. Hayes has been named as a senior vice president and the company’s permanent chief financial officer. Mr. Hayes will also continue in the role of treasurer. Mr. Hayes joined ITC in February 2012 as its vice president of finance and treasurer. Previously, he was assistant treasurer and director, Corporate Finance and Financial Strategy at Exelon Corporation in Chicago. He also served as vice president, Mergers and Acquisitions at Lazard Freres & Co. LLC.
GI Partners announced that Roy Kelvin has joined the firm as Chief Financial Officer. Prior to joining GI Partners, Mr. Kelvin served as the Chief Financial Officer of Vector Capital. Prior to Vector, he served as Chief Financial Officer of the New York-based private equity firm Zephyr Management. He also worked in senior finance and operations roles in the private equity and emerging markets divisions of Wasserstein Perella. Cary Anderson, GI’s previous Chief Financial Officer, is leaving the firm to pursue other opportunities.
Accelerize New Media Inc. (OTC: ACLZ), owner and operator of CAKE, announced the appointment of Michael Lin to the position of Chief Financial Officer. Mr. Lin joined the Accelerize in June of 2013 as Vice President of Finance. Mr. Lin has served as CFO at several technology and software related companies including Uniloc USA, Inc. and its subsidiary Blue Cava. He served as Vice President of Finance and a member of the board of directors of Fast Search and Transfer (“FAST”). In 2008 he worked to help complete the sale of FAST to Microsoft for $1.2 billion.
Detechtion Technologies announced that Jorge Ordonez has joined the company as Chief Financial Officer. Previously Jorge was CFO for Energy Solutions International. Before ESI, Jorge was Finance Director for ION Geophysical.
Real Mex Restaurants announced that Laurie Lawhorne has been appointed Chief Financial Officer. Prior to joining Real Mex, Ms. Lawhorne served as Senior Vice President, Chief Financial Officer and Treasurer for Captain D’s LLC and Grandy’s LLC. From 2009 to 2011 Ms. Lawhorne worked at Hudson Advisors, LLC, where she held the titles of VP of Capital and Corporate Planning as well as VP of Asset Management. From 1992 to 2009 she held a number of roles at Yum! Brands, Inc, including Director of Field Finance at Pizza Hut, Director of Financial Planning and Analysis at Yum! Restaurants International and Manager of Tax at Taco Bell.
Auxilium Pharmaceuticals, Inc. (NASDAQ: AUXL) announced that Andrew Saik was appointed Chief Financial Officer. Mr. Saik was most recently Senior Vice President, Finance and Treasurer at Endo Health Solutions. Prior to Endo, Mr. Saik served in senior financial management roles at Valeant Pharmaceuticals International, most recently as its Senior Vice President, Finance. Previously at Valeant, he was Chief Financial Officer of the Specialty Pharmaceuticals Division. Earlier in his career, Mr. Saik was a finance manager and analyst at Nexgenix, Inc. and the Atlantic Richfield Corporation.
United Fiber & Data, LLC has hired Brian Mass as acting CFO. Prior to joining United Fiber & Data, he was a founding partner of Ascent. Before Ascent, Mr. Mass was a director in Citigroup’s Global Technology Investment Banking Group. Prior to Citigroup, Mr. Mass was an analyst for Rho Ventures.
EZCORP, Inc. (NASDAQ: EZPW) announced the appointment of Mark E. Kuchenrither as President and Chief Executive Officer. Mr. Kuchenrither, who has been serving as Interim President and Chief Executive Officer since July will assume the President and Chief Executive Officer role. Until the Company hires a new Chief Financial Officer, Mr. Kuchenrither will continue to serve in that role as well.
Adamas Pharmaceuticals, Inc. (NASDAQ: ADMS) announced that William (Bill) J. Dawson has been named Chief Financial Officer, replacing Anthony (Tony) Rimac. Mr. Dawson was most recently a consultant to a number of companies, including Adamas. Previously he served as Chief Financial Officer at Catalyst Biosciences, Inc., from 2010 to 2012. Prior to Catalyst, he was Vice President of Finance and Chief Financial Officer of Cerus Corporation, from 2004 to 2009. Mr. Dawson also spent over 25 years in senior financial positions at several companies, including McKesson Corporation and Volpe Brown Whelan & Company LLC. He has also served on the board of directors of McGrath RentCorp since 1998 and Wellington Trust Company, a subsidiary of Wellington Management Company, LLP, since 2001.
Tesoro Corporation (NYSE: TSO) announced that Steven Sterin joined Tesoro as Executive Vice President and Chief Financial Officer. Scott Spendlove, who has served as the Company’s Chief Financial Officer since May 2010 is leaving the Company to pursue other interests. Steven joins Tesoro from Celanese Corporation, , where he held financial leadership positions of increasing scope, including service as Senior Vice President, Chief Financial Officer for the last seven years. Previously, Steven worked for Reichhold, Inc., and Price Waterhouse LLP.
CMS Bancorp, Inc. (NASDAQ: CMSB) announced the death of Stephen E. Dowd, its Chief Financial Officer (“CFO”). In the interim, the President and CEO, Mr. John E. Ritacco, will assume the functions of the CFO position on a temporary basis and delegate as appropriate until a permanent CFO or Acting CFO is appointed.