CFO Moves this week include:
|The Hershey Company||Kelly Services, Inc.||Lorillard, Inc.|
|Chromalox, Inc.||LyondellBasell||Charles River Laboratories International, Inc.|
|BlackLine||Potbelly Corporation||LKQ Corporation|
|Scripps Networks Interactive||Serta Simmons Bedding, LLC||Xero Limited|
|Pacific Continental Corporation||Revitas||Accolade, Inc.|
|Summit Bank||Sparton Corporation||TriMas Corporation|
|Pentagon Federal Credit Union||SynCardia Systems, Inc.||XIFIN, Inc.|
|Automated-X, Inc.||Castle Biosciences, Inc.||Spence-Chapin|
|Levenger||Fortus Healthcare Resources|
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CFO Moves is published by Samuel Dergel (Executive Search Consultant and CFO & Financial Executive Search Specialist with Stanton Chase). Samuel can be reached by email at firstname.lastname@example.org or by phone at +1 (415) 738-2070.
The Hershey Company (NYSE: HSY) announced the appointment of Patricia A. Little as its new Senior Vice President and Chief Financial Officer, effective March 16. Currently, Little is Executive Vice President and Chief Financial Officer for Kelly Services, Inc. She serves as a board member and chair of the audit committee of McCormick & Company, Incorporated. Prior to joining Kelly in 2008, she spent 24 years with Ford Motor Company holding leadership roles in both corporate and operational finance.
Kelly Services, Inc. (NASDAQ: KELYA) announced that Patricia A. Little will step down as the Company’s Executive Vice President and Chief Financial Officer (CFO) effective March 13, 2015, to pursue an opportunity outside of the Company. Concurrently, Olivier Thirot, Kelly’s Senior Vice President, Corporate Controller and Chief Accounting Officer, will assume the role of Acting CFO. Mr. Thirot brings more than 25 years of extensive financial and accounting experience to the position, having managed several key finance functions at Bacardi Ltd. and L. Raphael where he served as Chief Financial Officer. Prior to his current role as Senior Vice President, Corporate Controller and Chief Accounting Officer, Mr. Thirot was responsible for the finance functions in Kelly Services’ EMEA and APAC regions. He joined the Company in 2008.
Lorillard, Inc. (NYSE: LO) confirmed that David Taylor, currently executive vice president, finance and planning and chief financial officer of Lorillard, will serve as the new chief executive of ITG Brands LLC (“ITG”). ITG will be a newly formed subsidiary of Imperial Tobacco Group, PLC following the closing of Lorillard’s pending merger with Reynolds American (NYSE: RAI) (“RAI”) and RAI’s divesture of certain brands to Imperial Tobacco. The appointment will be effective immediately upon the closing of such transactions. Mr. Taylor has served as Lorillard’s executive vice president, finance and planning, and chief financial officer since January of 2008. Prior to joining Lorillard, Mr. Taylor was a senior managing director with FTI Palladium Partners. In that capacity, he served as interim chief financial officer of Eddie Bauer Holdings, Inc. from January 2006 to November 2007.
Chromalox announced the appointment of Craig A. Creaturo as Chief Financial Officer and Vice President-Administration. Mr. Creaturo most recently served as Chief Financial Officer and Treasurer of II-VI Incorporated, a position he held since 2004. He joined II-VI Incorporated in 1998 as Corporate Controller and became an executive officer in 200 Previously, Mr. Creaturo spent six years in public accounting with Arthur Andersen LLP.
LyondellBasell (NYSE: LYB) announced that it has reached an agreement with Karyn F. Ovelmen, executive vice president and chief financial officer, for her separation from the Company. Under the agreement, Ovelmen will continue as CFO for up to three months while the Company conducts a search for her successor. Ovelmen previously served as executive vice president and CFO of Petroplus Holdings AG, a large European refiner and wholesaler of petroleum products. She also served as executive vice president and CFO of Argus Atlantic Energy. Prior to that, Ovelmen served as vice president of external reporting and investor relations for The Premcor Refining Group Inc.
Charles River Laboratories International, Inc. (NYSE: CRL) announced that Thomas F. Ackerman, Corporate Executive Vice President and Chief Financial Officer will retire from Charles River Laboratories in February 2016. Mr. Ackerman joined Charles River in 1988. He became Vice President and Chief Financial Officer in 1996 and was elevated to his current position in 2005. David R. Smith, Corporate Senior Vice President, Global Discovery Services, has been named as Mr. Ackerman’s successor. Mr. Smith joined Charles River through our acquisition of Argenta and BioFocus from Galapagos NV, where he was serving as Chief Executive Officer of its Galapagos Services division. Mr. Smith spent eight years at PricewaterhouseCoopers prior to joining AstraZeneca in 1997. After leaving AstraZeneca, Mr. Smith served as the Chief Financial Officer of Galapagos NV before becoming Chief Financial Officer for Cambridge University Hospitals, where he served in that capacity for six years, from 2007 to 2013.
BlackLine hired Mark Partin as Chief Financial Officer (CFO). Mr. Partin most recently served as CFO at Fiberlink Communications, which was sold to IBM. Prior to that, Mr. Partin was CFO at Headhunter.net (now Careerbuilder.com). Mr. Partin began his career as a CPA with Arthur Andersen. Former CFO Charles Best will remain with the company as Chief Accounting Officer.
Potbelly Corporation (NASDAQ: PBPB) announced that Charles Talbot, Chief Financial Officer, will be leaving Potbelly to accept a senior leadership position with another company outside of the restaurant industry. Mr. Talbot will continue to serve as Potbelly’s CFO until his departure on March 27, 2015.
LKQ Corporation (NASDAQ: LKQ) announced that John S. Quinn, Executive Vice President and Chief Financial Officer of LKQ, is moving to the position of LKQ’s Chief Executive Officer and Managing Director of European Operations. Dominick “Nick” Zarcone has been appointed as LKQ’s Executive Vice President and Chief Financial Officer to succeed Mr. Quinn, effective at the end of March 2015. Mr. Zarcone has been with the investment bank of Robert W. Baird since 1995, most recently as its Managing Director and Chief Financial Officer. Prior to being named CFO of Baird in 2011, Mr. Zarcone spent 16 years in Baird’s Investment Banking Department where most recently he was Chief Operating Officer.
Scripps Networks Interactive (NYSE: SNI) announced that Joseph G. NeCastro, currently chief financial and administrative officer, has been appointed chief development officer. Lori A. Hickok, presently executive vice president of finance, will succeed NeCastro as chief financial officer. Prior to Scripps Networks, Joseph G. NeCastro was executive vice president and chief financial officer for The E.W. Scripps Company. He joined the company in 2002, from Penton Media, Inc. where as chief financial officer at Penton. He previously held senior financial positions at Reader’s Digest, and U.S. News & World Report. Lori Hickok was previously vice president and controller for The E. W. Scripps Company. She first joined the company in 1988, as a financial analyst in the corporate finance department. She held positions as the chief analyst for corporate development, controller for the company’s new media operations as well as the controller of the company’s former cable television systems division, which merged in 1996 with Comcast Corporation. She left the company after the merger to serve two years in senior financial roles at Paramount Kings Island in Cincinnati including chief financial officer.
Serta Simmons Bedding, LLC (SSB) announced that Chief Financial Officer Brian Callahan has resigned from the company to pursue other interests. In the interim, SSB Chief Executive Officer Gary Fazio will assume oversight of the company’s finance functions.
Xero Limited announced that Graham Smith has joined the Xero Board as an additional independent, non-executive Director. Smith’s experience includes being Salesforce’s Chief Financial Officer and as a Board member of industry leaders such as Splunk.
Pacific Continental Corporation (NASDAQ: PCBK), the holding company of Pacific Continental Bank, announced that Executive Vice president and Chief Financial Officer Michael (Mick) Reynolds will retire during the late second quarter of 2015. Reynolds has been with the company since 1998 and has held the position of chief financial officer for 16 years. Prior to joining Pacific Continental, Mr. Reynolds spent 17 years in the corporate finance divisions of First Interstate Bank and U.S. Bancorp.
Revitas announced the appointment of Michael Coluzzi as the new Chief Financial Officer and Senior Vice President. Coluzzi joins Revitas after serving as Chief Financial Officer of Quintiq. Prior to Quintiq, Coluzzi served as Chief Financial Officer and Vice President for Metrologic, which was later acquired by Honeywell International.
Summit Bank (OTC: SBKO) announced that Ross Kari will be joining its Board of Directors. Ross Kari retired in 2013 as executive vice president and chief financial officer of Freddie Mac. Mr. Kari spent a large portion of his career – from 1983 to 2001 – at Wells Fargo, rising from senior financial analyst to executive vice president and chief financial officer. He has also served as chief financial officer of Fifth Third Bank and Safeco and executive vice president and chief operating officer for the Federal Home Loan Bank of San Francisco. Mr. Kari also served as a director and chair of the audit committee for KKR Financial Holdings LLC.
Sparton Corporation (NYSE: SPA) announced that its Board has appointed Frank A. “Andy” Wilson as an Independent Director. Mr. Wilson will also serve as a member of the Audit Committee of the Board. Andy Wilson joined PerkinElmer in May 2009 as senior vice president and chief financial officer. Prior to joining PerkinElmer, Mr. Wilson held key financial and business management roles over 12 years at the Danaher Corporation, including corporate vice president of investor relations; group vice president of business development; group vice president of finance for Danaher Motion Group; president of Gems Sensors; and group vice president of finance for the Industrial Controls Group. Previously, Mr. Wilson worked for several years at AlliedSignal Inc., now Honeywell International, where he last served as vice president of finance and chief financial officer for Commercial Aviations Systems. His earlier experience includes PepsiCo Inc. in financial and controllership positions of increasing responsibility, E.F. Hutton and Company, and KPMG.
TriMas Corporation (NASDAQ: TRS) announced that it has appointed Herbert K. Parker, former chief financial officer and current executive vice president, Operational Excellence at Harman International to its Board of Directors. Previously, he served in various senior financial positions with global power and technology company ABB Group for 28 years, from 1980 to 2008, including chief financial officer of the billion Americas region from 2006 to 2008, when he was based in Norwalk, Conn. From 2002 to 2005 he was the chief financial officer of the global automation division.
SynCardia Systems, Inc. announced that Dan Hudspeth has been named Chief Financial Officer. Hudspeth most recently provided interim executive and board advisory services to venture capital and private equity-backed companies through his company, Cohesive Strategy LLC. He has served as the chief financial officer of Genomica Corp., Rally Development Corp. and Allos Therapeutics.
XIFIN, Inc. has named James C. Malone as its new chief financial officer. Malone most recently served as executive vice president/CFO at American Well, Inc. Additionally he served as EVP/CFO at Misys PLC, and was the EVP/CFO of The Trizetto Group, Inc. Malone has also held executive positions with IMS Health, Cognizant and Dunn & Bradstreet Corporation.
Automated-X, Inc. (OTC: AUTX) announced that it has appointed Alan Bailey as Chief Financial Officer. Mr. Bailey spent over 35 years at Paramount Pictures (a division of Viacom Industries), most recently as Senior Vice President and Corporate Treasurer.
Castle Biosciences, Inc. announced the appointment of James L. Dunn, Jr. as its Chief Financial Officer. Mr. Dunn has served in both CFO and General Counsel roles across various industries. He most recently served as CFO of Applied Optoelectronics, Inc., and successfully managed its IPO. He began his career as a Co-Founder and CFO of Pentegra Dental Group (now iLinc).
Spence-Chapin announced the promotion of Adam Cotumaccio by naming him President. Cotumaccio was previously COO/CFO of the 107-year-old agency. Cotumaccio has served on several non-profit and for-profit boards and has extensive cause marketing experience. Adam was formerly the Global COO for Kinetic Worldwide and previously served as COO, Americas GroupM ESP, the Entertainment, Sports and Cause Marketing division within GroupM.
Levenger announced that Steven Hansen, the former chief financial officer, has rejoined the company as CEO. Hansen was most recently a founding partner and President of GoldFellow LLC, and served as CFO of inSleep Technologies LLC. He maintained strong ties with Levenger during this time, serving on the company’s advisory board after concluding his tenure in 2010 as Levenger’s CFO. Prior to his initial term at Levenger, Hansen served as CFO for other companies including Andin International, JewelAmerica and Aurafin LLC. In addition, he has held partnership positions at Tatum Partners and GRH Holdings, and currently serves as an adviser to Tarantin Industries and Sleep Science LLC.
Fortus Healthcare Resources announced that Dave Keenan has joined as chief operating officer and chief financial officer. Prior to joining Fortus, Keenan served more than 12 years as VP – Treasury and Taxation at Oneida Ltd.. He also spent eight years as a tax manager with PricewaterhouseCoopers (PwC).