CFO Moves this week include:
|Marsh||B&G Foods, Inc.||XL Group plc|
|Percona||Incyte Corporation||Kosmos Energy Ltd.|
|Apache Corporation||Moon River Studios, Inc.||Corporate Office Properties Trust|
|Associated Materials, LLC||TravelClick||MedMen|
|PDI, Inc.||Linear Technology Corporation||Rogers Corporation|
|Invaluable||Watts Water Technologies, Inc.||MicroSeismic, Inc.|
|Commonwealth Care of Roanoke, Inc.||B2R Finance||Kochava|
|Encore Capital Group, Inc.||Schechter Wealth||eSurface® Technologies|
|Red Lion Hotels Corporation||State Bank Financial Corporation||Birch Communications, Inc.|
|InterCloud Systems, Inc.||US Nuclear Corp|
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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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Marsh, a wholly owned subsidiary of Marsh & McLennan Companies (MMC), announced that Courtney Leimkuhler will assume the role of chief financial officer (CFO) effective March 1, 2015. She will succeed CFO Paul Malvasio, who is retiring in March. Ms. Leimkuhler, who has served as CFO of Marsh’s US and Canada Division since December 2013, will continue to be based in New York. Prior to joining Marsh, Ms. Leimkuhler spent nine years at NYSE Euronext. She also spent several years at Goldman Sachs in the equities and principal investing divisions.
B&G Foods, Inc. (NYSE: BGS) announced that it has appointed Robert C. Cantwell as its next President and Chief Executive Officer, effective January 1, 2015. Mr. Cantwell currently serves as B&G Foods’ Executive Vice President of Finance and Chief Financial Officer. Mr. Cantwell joined B&G Foods in 1983 as the Assistant Vice President of Finance. Mr. Cantwell was promoted to his current position in 1991. Prior to joining B&G Foods, Mr. Cantwell spent four years at Deloitte & Touche LLP. Mr. Cantwell has served on the Board of Directors of B&G Foods since 2005.
XL Group plc (NYSE: XL) has named Michael Garceau as its new Chief Financial Officer of its global insurance operations, succeeding Chris Dougherty who now assumes the newly created position of Executive Vice President, Underwriting and Ceded Re. Mr. Garceau is promoted to the CFO position from his previous position as Chief Operating Officer (COO) of XL Group’s North America Property & Casualty business.
Percona announced the appointment of Will Eglin as chief financial officer. Before joining the team at Percona, Eglin was the CFO at IEM. He has also served as the CEO and CFO of MD Technologies. Eglin also held financial roles in fast-growing private equity-backed businesses, and began his career on the audit staff at KPMG.
Incyte Corporation (NASDAQ: INCY) announced the appointment of David Gryska as Executive Vice President and Chief Financial Officer, effective October 31, 2014. Mr. Gryska will succeed David Hastings, who has served as Incyte’s Executive Vice President and Chief Financial Officer since October 2003. Mr. Hastings, who is leaving the Company to pursue other opportunities. Mr. Gryska brings over 30 years of finance experience to Incyte from his tenures at Celgene and Scios and through his work with a number of publicly traded biotech companies. He is a three time public company Chief Financial Officer and has substantial experience as an audit committee chair.
Kosmos Energy Ltd. (NYSE: KOS) announced that Thomas P. Chambers will join the company as senior vice president and chief financial officer effective November 5, 2014. Greg Dunlevy, who has served as executive vice president and chief financial officer since 2003, will retire from the company at the end of June 2015 as part of a mutually agreed succession plan. Mr. Dunlevy will serve in an advisory role to the chairman and chief executive officer until his retirement to ensure a smooth transition. Mr. Chambers joins Kosmos most recently from Apache Corporation, where he was executive vice president and chief financial officer from November 2010 to February 2014, where he held a variety of leadership roles with his 20 years with the company. Prior to joining Apache, he served in the international business development group at Pennzoil Exploration and Production Company, and held a range of management positions with the BP plc group of companies.
Apache Corporation (NYSE, NASDAQ: APA) announced that Alfonso Leon, executive vice president and chief financial officer, has resigned to pursue other opportunities. Executive Vice President P. Anthony Lannie will serve as interim chief financial officer as the company conducts a search for a new chief financial officer. Prior to joining Apache as general counsel in 2003, Lannie served as president of Kinder Morgan Power Company and president of Coral Energy Canada, a subsidiary of Shell Oil Company.
Moon River Studios, Inc. (PINK: MDNT) announced the appointment of Steven Bahlmann as its new Chief Financial Officer (CFO), Secretary and Treasurer. Prior to joining Moon River Studios, Bahlmann was CFO for Markmann Nutraceuticals, Inc. Markmann was a startup contract nutraceutical manufacturer that Bahlmann co-founded. Prior to that, Bahlmann was CFO for the private equity owned Junior Sports Corporation.
Corporate Office Properties Trust (NYSE: OFC) announced that Stephen E. Riffee, the Company’s Executive Vice President and Chief Financial Officer, will fulfill his employment contract term through March 31, 2015 and then pursue other interests. As part of a planned succession, the Company appointed Anthony Mifsud, Senior Vice President of Finance and Treasurer, to Executive Vice President and Chief Financial Officer, effective April 1, 2015. Mr. Mifsud joined the Company in 2007 and has served as its Senior Vice President, Finance and Treasurer since January 2011. Mr. Mifsud spent fifteen years in various corporate finance functions at The Rouse Company, the last five years of his tenure there serving as its Vice President, Finance.
Associated Materials, LLC announced the appointment of Scott Stephens as Executive Vice President and Chief Financial Officer. Stephens served the past six years as Chief Finance Officer and Treasurer at A.M. Castle (NYSE: CAS). Prior to joining A.M. Castle, Scott was CFO for Lawson Products. Scott was also CFO at Wormser Company an importer and manufacturer of children’s sleepwear. Scott began his career with Ernst and Young and was also Corporate Controller for Old World Industries.
TravelClick announced the appointment of David Obstler as its Chief Financial Officer. Most recently, Mr. Obstler was Chief Financial Officer at OpenLink Financial. Prior to that, Mr. Obstler was Chief Financial Officer of MSCI Inc. Mr. Obstler assumed the role after MSCI acquired Risk Metrics in June 2010, where he served as Chief Financial Officer. Prior to MSCI Inc., Mr. Obstler acted as Chief Financial Officer at Pinnacor Inc. In addition, he previously held investment banking roles at JP Morgan & Co., Lehman Brothers and Goldman, Sachs & Co.
PDI, Inc. (NASDAQ: PDII) announced the appointment of Graham G. Miao as its new Executive Vice President (EVP) and Chief Financial Officer (CFO). From 2011 to 2014, he was the EVP and CFO and later added additional roles as interim Co-President & Co-CEO of Delcath Systems, Inc. Prior to Delcath, Mr. Miao served as Chief of Staff for the Global CFO organization at Dun & Bradstreet Corporation and EVP and CFO at Pagoda Pharmaceuticals. He has also held various finance positions of increasing responsibility at leading global pharmaceutical and finance companies, including Schering-Plough Corporation, Pharmacia Corporation and J.P. Morgan & Company. Mr. Miao replaces former EVP and CFO Jeffrey Smith.
Linear Technology Corporation (NASDAQ: LLTC) announced that Paul Coghlan, the Company’s Chief Financial Officer, plans to retire at the end of the current fiscal year in July 2015. Donald Zerio, the current Linear Technology Corporate Controller and a thirteen year Linear veteran will be promoted to CFO on June 29, 2015. Mr. Coghlan will continue to work for the Company on a part time consulting basis until June 30, 2016. Mr. Zerio has been Corporate Controller for eleven years and prior to that, International Controller at Linear.
Rogers Corporation (NYSE: ROG) announced that its Board of Directors has appointed Helene Simonet to serve as a member of the Company’s Board. This addition fills a vacancy on the Board due to a recent director retirement. Ms. Simonet will be a member of the Audit Committee. Since April 2002, Ms. Simonet has served as the Executive Vice President and Chief Financial Officer of Coherent, Inc. (NASDAQ: COHR). Prior to joining Coherent in 1999, Ms. Simonet had previously spent more than twenty years in senior finance positions at Raychem Corporation.
Invaluable announced the appointment of Bill Burke as Chief Financial Officer. Most recently, Burke served as Chief Financial Officer at Ensyn Corporation, following more than five years as Chief Financial Officer and Treasurer at SiGe Semiconductor. Before SiGe Semiconductor, Burke held the role of Executive Vice President and Chief Financial Officer at Riverdeep Interactive. Prior to that, Burke held the role of Vice President of Finance at Computron Software.
Watts Water Technologies, Inc. (NYSE: WTS) announced that Dean P. Freeman, its Executive Vice President and Chief Financial Officer, has left the Company. Robert J. Pagano, Jr., the Company’s President and Chief Executive Officer, will be acting as Chief Financial Officer on an interim basis.
MicroSeismic, Inc. announced that Rick Luke has been appointed the company’s new Chief Financial Officer (CFO). Rick succeeds Ron Mogul in this position, who retired this year. Rick has spent more than 30 years in the oil and gas industry and over 10 years in the role of CFO. He comes to MicroSeismic from Seismic Equipment Solutions (SES). Prior to SES, Rick was CFO for Well Dynamics. Rick has also held both domestic and international positions with Halliburton, serving as Vice President Europe/Africa for three years.
Commonwealth Care of Roanoke, Inc. named Stan A. Huffman as their new Chief Financial Officer. Stan served as Chief Executive Officer of a non-profit senior housing and nursing home provider. Prior to becoming the CEO of the company, Stan served as the company’s Chief Financial Officer. Previously, Stan had been the Chief Financial Officer of a privately owned long term care provider in North Carolina with multiple locations in three states, and also served as the company’s president for three years. Stan succeeds Beth Fariss who served as Chief Financial Officer of CCR from its inception in 2001 to 2014.
B2R Finance has named Evan Lorch its new chief financial officer. Prior to joining B2R, Lorch served as CFO at CoreOne Technologies. He previously served as CFO at the international trading company BIDS Trading LP.
Kochava announced the appointment of Douglas Lieuallen as Chief Financial Officer. Lieuallen joins Kochava from Coldwater Creek where he held multiple finance and accounting management roles, most recently as Senior Director of Treasury Operations. His 20-year career includes financial and accounting leadership positions at the renowned global advertising agency Wieden + Kennedy, Inc. and visual systems integrator Comp View, Inc.
Encore Capital Group, Inc. (NASDAQ: ECPG) announced that Jonathan Clark has been appointed to serve as Chief Financial Officer of Midland Credit Management, Inc., Encore’s domestic operating subsidiary. Clark is expected to succeed Executive Vice President Paul Grinbergas Chief Financial Officer of Encore in February 2015. Clark’s most recent role was Executive Vice President and Chief Financial Officer of SLM Corp., also known as Sallie Mae, from 2008 until 2013. Prior to joining Sallie Mae, Clark served as a Managing Director at Credit Suisse Securities from 2000 to 2007, after having served in various executive roles at Prudential Securities, The First Boston Corporation, and a variety of other companies during his career.
Schechter Wealth announced the appointment of Michael Lee as Chief Financial Officer. Prior to joining Schechter, Michael was Vice President Finance at MXM Health. Prior to that, he served nearly twenty years as Director of Finance at Carlson Marketing Group’s automotive operations in Troy.
eSurface® Technologies (DBA of EarthOne Circuit Technologies Corporation, a privately-held corporation) announced the appointment of Michael Corrigan as President and Chief Financial Officer. Corrigan, who has served eSurface in an advisory role, now takes on the roles of eSurface President and CFO. Mike Corrigan is currently an advisor to a number of privately-held entities and investors in the entertainment, media and technology sectors. Corrigan was most recently Interim Co-CEO of Sonar Entertainment (formerly RHI Entertainment). He was also a key member of the Board of Managers which oversaw the successful restructuring of Tropicana Entertainment. He has previously held a number of significant positions in the entertainment and media sector, including serving as Senior Executive Vice President and Chief Financial Officer of Metro Goldwyn Mayer Inc. Corrigan was also previously a senior partner in the Entertainment, Media and Communications practice at Price Waterhouse LLP. He is currently a member of the Boards of Directors and Boards of Advisors of a number of privately held entities.
Red Lion Hotels Corporation (NYSE: RLH) announced it has appointed Jim Bell as Executive Vice President and Chief Financial Officer. Bell joins RLHC from Coldwater Creek, where he was most recently Interim President and Chief Executive Officer, having also served as Chief Operating Officer and Chief Financial Officer. Prior to his experience at Coldwater Creek, Bell was Senior Vice President of Finance and Planning for Harry & David Holdings, Inc. Previously, he worked for Gap, Inc. as Senior Director of Finance.
State Bank Financial Corporation (NASDAQ: STBZ) announced that Thomas L. Callicutt, Jr., Executive Vice President and Chief Financial Officer, has informed the Board of Directors of his intention to retire from his employment with the Company and State Bank and Trust Company (the Bank) effective September 30, 2015. Mr. Callicutt will step down from his positions as Chief Financial Officer of the Company and the Bank effective as of January 1, 2015, after which Mr. Callicutt will remain employed with the Company and the Bank as a senior advisor to support the new CFO and transition the balance of his responsibilities over his remaining time until his planned retirement. Effective January 1, 2015, the Company and the Bank will appoint Sheila E. Ray as Executive Vice President and Chief Financial Officer. Prior to joining State Bank, Ms. Ray most recently served as Senior Executive Vice President and Chief Financial Officer of Atlanta Bancorporation, Inc. and Bank of Atlanta, which were merged into the Company and the Bank, respectively, on October 1, 2014. Ms. Ray`s experience includes employment with Wachovia Corporation, First National Bank of Gainesville, Tucker Federal Bank and RBC Centura Bank.
InterCloud Systems, Inc. (NASDAQ: ICLD) announced that it has hired Timothy A. Larkin as its new Chief Financial Officer. Prior to joining InterCloud Systems, Mr. Larkin served as Executive Vice President and Chief Financial Officer of Warren Resources, Inc. for 19 years. Dan Sullivan, InterCloud’s CFO for the past three years, will transition to his new role as Chief Accounting Officer.
US Nuclear Corp announced that Rachel Boulds has been appointed to Chief Financial Officer, effective October 31, 2014, and that current CFO, Darian B. Andersen has resigned to pursue interests related to his legal practice. Prior to joining the company, Ms. Boulds has been engaged in private practice as an accountant and consultant. From August 2004 through July 2009, she was employed as an audit senior for HJ & Associates, LLC.