CFO Moves this week include:
|Google Inc.||DaVita HealthCare Partners Inc.||Volt Information Sciences, Inc.|
|Watts Water Technologies, Inc.||U.S. Auto Parts Network, Inc.||NiSource Inc.|
|Kadant Inc.||Paramount Group, Inc.||Digi International|
|Ultra Clean Holdings, Inc.||Oyster||ChyronHego|
|SundaySky||Arlington Asset Investment Corp.||Career Education Corporation|
|Checkpoint Systems, Inc.||Benvenue Medical, Inc.||Alere Inc.|
|Foundation Medicine, Inc.||A. H. Belo Corporation||SugarCRM Inc.|
|InGo||EVINE Live Inc.||Cirrus Logic, Inc.|
|Universal Stainless & Alloy Products, Inc.||Wesco Aircraft Holdings, Inc.||Spirit Realty Capital, Inc.|
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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 email@example.com or by phone at +1 (415) 738-2070.
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Google Inc. (NASDAQ: GOOG) announced that Ruth Porat, currently Chief Financial Officer at Morgan Stanley, will join its management team as CFO. Ruth joined Morgan Stanley in 1987 and has played several key roles at the company, including Vice Chairman of Investment Banking, Global Head of the Financial Institutions Group and co-Head of Technology Investment Banking. She has been the lead banker on numerous milestone technology financing rounds, including for Amazon, eBay, Netscape, Priceline and Verisign as well as for The Blackstone Group, GE and the NYSE. She is Vice Chair of the Stanford University Board of Trustees, a member of the U.S. Treasury’s Borrowing Advisory Committee, a Board Director at The Council on Foreign Relations and a member of the Advisory Council of the Hutchins Center on Fiscal and Monetary Policy at the Brookings Institution. Ruth will start at Google as CFO on May 26.
DaVita HealthCare Partners Inc. (NYSE: DVA) announced that Garry E. Menzel, Ph.D., chief financial officer, is leaving to return to the biopharmaceutical industry. James K. Hilger, will serve as interim chief financial officer effective March 30, 2015, in addition to continuing in his current role of chief accounting officer. Menzel will remain on board for a period of time to ensure a smooth transition.
Volt Information Sciences, Inc. (NYSE MKT: VISI) announced that Paul Tomkins has been named Chief Financial Officer of the Company. Most recently, he served as the Executive Vice President and Chief Financial Officer at Reader’s Digest Association, Inc. Prior to his role at Reader’s Digest, Mr. Tomkins spent 27 years at AT&T, where he most recently served as the Vice President and Controller of AT&T Business Solutions and previously held a number of other strategic planning and financial management positions.
Watts Water Technologies, Inc. (NYSE: WTS) announced the appointment of Todd A. Trapp as Chief Financial Officer effective April 9, 2015. Mr. Trapp comes to Watts from Honeywell International Inc., where he most recently held the position of Vice President of Financial Planning and Analysis. During his twelve-year career at Honeywell, Mr. Trapp also served as Chief Financial Officer of the Airlines Business Unit and Vice President of Business Analysis and Planning for the Aerospace Division, Director of Finance for the Transportation Systems Division, Investor Relations Manager and other senior finance positions. Prior to joining Honeywell, Mr. Trapp held several treasury and finance operational roles at United Business Media, Inc. and Pearson Inc.
U.S. Auto Parts Network, Inc. (NASDAQ: PRTS) announced the appointment of Neil Watanabe as Chief Financial Officer. Mr. Watanabe recently served as Chief Operating Officer for National Stores. Prior to joining National Stores, from 2006-2014, Mr. Watanabe was the Executive Vice President and Chief Financial Officer for Anna’s Linens. Mr. Watanabe, a veteran financial executive, has also served as the Chief Financial Officer for Shoe Pavilion, Elizabeth Arden Red Door Spas, Sears Health and Nutrition, PetSmart, Mac Frugal Bargain Closeout, Kay Bee Toys, and Motherhood Maternity. Mr. Watanabe began his career with Montgomery Ward and Filene’s Basement. In connection with the appointment of Mr. Watanabe as Chief Financial Officer, Michael Yoshida, the former Interim Chief Financial Officer, will return to his prior role as Vice President and Controller of U.S. Auto Parts.
NiSource Inc. (NYSE: NI) announced that Donald Brown will join the company on April 6, 2015, as an executive vice president in the corporation’s Finance organization. Brown is expected to be appointed chief financial officer (CFO) for NiSource, effective upon the completion of the previously announced separation of NiSource and Columbia Pipeline Group (CPG) into stand-alone, publicly traded companies. The separation is expected to be completed in mid-2015. As announced last December, NiSource’s current executive vice president (EVP) and CFO, Stephen P. Smith, is expected to become EVP and CFO at CPG at the time of the separation. Brown most recently served as vice president and chief financial officer at UGI Utilities, a division of UGI Corporation. From 2005 to 2010 he served as a director of Treasury Services at UGI Corporation and controller at UGI Utilities. Prior to joining UGI, he served in a variety of financial leadership and consulting roles at Constellation Energy, Progress Energy and Deloitte.
Kadant Inc. (NYSE: KAI) announced that Michael J. McKenney has been named Senior Vice President and Chief Financial Officer effective June 30, 2015, succeeding Thomas M. O’Brien, whose planned retirement as Chief Financial Officer was announced in September 2014. Mr. McKenney has been the Company’s Vice President, Finance and Chief Accounting Officer since 2002, and previously served as Corporate Controller from 1997 to 2002. He joined the Company in 1993 upon the acquisition of the AES water management business (now part of the Kadant Solutions Division) from Albany International Corp., where he had served as Controller of AES.
Paramount Group, Inc. (NYSE: PGRE) announced the appointment of Michael Walsh as Executive Vice President, Chief Financial Officer and Treasurer. Mr. Walsh succeeds David Spence. Before joining the Company, Mr. Walsh was the Senior Vice President, Finance and Capital Markets, at Boston Properties, Inc. where he served in various functions since 1986.
Digi International (NASDAQ: DGII) announced that Michael C. Goergen has been appointed as Senior Vice President, Chief Financial Officer and Treasurer of the company effective April 20, 2015. Goergen was most recently served as Senior Vice President of Finance for the Transport – Logistics division of Trimble Navigation Limited from April 2013 to March 2015. Prior to Trimble, Goergen served as Chief Financial Officer of PeopleNet. PeopleNet was acquired by Trimble in 2011. Goergen replaces Steven E. Snyder, Senior Vice President, Chief Financial Officer and Treasurer, who has announced his retirement. He will be leaving the company after a transition period.
Ultra Clean Holdings, Inc. (NASDAQ: UCTT) announced the appointment of Casey Eichler to the position of President and Chief Financial Officer. Mr. Eichler has over 25 years of executive experience and joined UCT in August of 2009 as the company’s Chief Financial Officer. Prior to that Casey was on the company’s board of directors from February of 2004 to July of 2009 and served as the Chair of the Audit committee. Before joining UCT, Mr. Eichler was the senior vice president and chief financial officer of Credence Systems from January 2008 to November 2008, and the executive vice president of operations and chief financial officer of MarketTools from March 2006 to December 2007. Casey served as the vice president and chief financial officer of MIPS Technologies from June 1998 to February 2006. Prior to that, he held management positions with several technology companies including Visigenic Software, NeXT, Inc., and Microsoft.
Oyster announced that Jeannie Mun has joined the company as the Chief Financial Officer and Barry McCarthy has joined as an Advisor. Mun joins Oyster from MediaMath. McCarthy was previously the CFO of Netflix from 1999 to 2010, and currently sits on the boards of Spotify, Rent the Runway, Chegg, Eventbrite, NatureBox, and Wealthfront. Prior to MediaMath, Mun was the VP of Finance & Strategy at Operative. Earlier in her career, she held positions at The Jordan, Edmiston Group, an investment bank for the media and technology industry, Atlantic Media Group, and Deloitte Consulting.
ChyronHego announced the appointment of Carl Blandino as the company’s new chief financial officer (CFO). Just prior to joining ChyronHego, Blandino served as CFO of Diligent Board Member Services. He also served previously as senior vice president and CFO at CashEdge Inc. He also held CFO roles at other public and private companies, including Informed Medical Communications and Open Solutions Inc.
SundaySky announced Elan Yaish as the company’s first chief financial officer (CFO). Yaish has previous experience as a senior financial executive for several publicly traded and private companies such as RiT Technologies Ltd., Goji Ltd. and Manchester Technologies Inc.
Arlington Asset Investment Corp. (NYSE: AI) announced the appointment of Richard E. Konzmann as the Company’s Executive Vice President, Chief Financial Officer (“CFO”) and Treasurer. Mr. Konzmann succeeds Kurt R. Harrington who is retiring after serving as the Company’s CFO for the last fifteen years. Since 2002, Mr. Konzmann was employed by American Capital, Ltd. In 2006, Mr. Konzmann became Senior Vice President, Accounting of American Capital, Ltd. Prior to joining American Capital, Ltd., Mr. Konzmann served in various controllership, finance and asset management roles with Crestline Capital Corporation and Host Marriott Corporation and began his career with the public accounting firm Deloitte and Touche LLP.
Career Education Corporation (NASDAQ: CECO) announced that Chief Financial Officer Reid Simpson will be leaving the Company on March 31, 2015 to become Chief Financial Officer at ShopperTrak. David Rawden of AlixPartners, a business advisory firm which specializes in turnarounds and restructurings, will serve as Interim CFO effective April 1, 2015. Mr. Rawden’s experience includes interim CFO positions at Allied Holdings, Inc., Exopack Holdings SA, and X-Rite, Incorporated. It also includes prior education experience when he served as the Executive Vice President of Finance at Savannah College of Art and Design.
Checkpoint Systems, Inc. (NYSE: CKP) announced the appointment of James M. Lucania as Acting Chief Financial Officer. Mr. Lucania will replace Jeffrey O. Richard who is stepping down from his role as Executive Vice President and Chief Financial Officer.
Benvenue Medical, Inc. announced that John Dahldorf has joined the company as chief financial officer. Most recently Dahldorf was chief financial officer at Volcano Corporation. Previous experience includes co-chief executive officer and chief financial officer at Digirad Corporation; finance director at Arrow Electronics; and a number of leadership positions at Baxter companies.
Alere Inc. (NYSE: ALR) announced that James F. (“Jim”) Hinrichs will be appointed Executive Vice President and Chief Financial Officer, effective April 6, 2015. Hinrichs succeeds David (“Dave”) Teitel who will remain with the Company during a transition period. Prior to his appointment as CFO of Alere, Jim Hinrichs served in the role of CFO at CareFusion Corp., since 2010. He held this position through the completion of Becton Dickinson’s acquisition of CareFusion in March 2015. Prior to this role, Hinrichs served as SVP of Global Customer Support and, before that, Corporate Controller of CareFusion. Previously, he served as Executive Vice President and Controller of Cardinal Health, CFO of Cardinal Health’s Clinical and Medical Products segment and the CFO of Cardinal Health’s Healthcare Supply Chain Services segment. He joined Cardinal Health in February 2004 following 12 years of finance and marketing roles at Merck & Co. and two years as the CFO of SangStat Medical Corporation, which was acquired by Genzyme Corp. in 2003.
Foundation Medicine, Inc. (NASDAQ: FMI) announced the promotion of Jason Ryan to chief financial officer. Mr. Ryan joined Foundation Medicine in May 2011 and has been responsible for building Foundation Medicine’s public company financial infrastructure. Prior to joining Foundation Medicine, Mr. Ryan led the finance and strategic planning functions of several life sciences companies, including Taligen Therapeutics (acquired by Alexion Pharmaceuticals) and Genomics Collaborative (acquired by SeraCare Life Sciences). He began his career at Deloitte & Touche.
A. H. Belo Corporation (NYSE: AHC) announced that it has appointed Katy Murray as Senior Vice President/Chief Financial Officer, Treasurer and Assistant Secretary of the Company effective April 1, 2015. She will become the Company’s principal financial officer beginning with the second quarter of 2015. Prior to joining A. H. Belo, Ms. Murray served as the Chief Financial Officer of SourceHOV, from November 2011 to April 2013. Subsequent to SourceHOV’s acquisition by Citi Venture Capital Investment in April 2013, Ms. Murray served in an advisory role to the Finance Committee of the Board of Directors of SourceHOV until April 2014. Prior to serving in such capacity, from October 2010 to October 2011, Ms. Murray was Chief Financial Officer of Pivot3, Inc. Prior to that, from September 2006 to October 2010, Ms. Murray served as Executive Vice President/Chief Financial Officer of Taleo Corporation.
SugarCRM Inc. announced the appointment of Steve Valenzuela as the company’s new Chief Financial Officer. Most recently, Valenzuela was CFO of Apigee. Prior to Apigee, Valenzuela was the vice president of finance and operations for the mobile platforms group at Citrix. He came to Citrix from Zenprise. Valenzuela was CFO at Zenprise and led the acquisition and integration of Zenprise into Citrix. Valenzuela has also led an IPO for PlanetRx, and led the sale of LinkExchange to Microsoft.
EVINE Live Inc. (NASDAQ: EVLV) a digital commerce company formerly known as ShopHQ, announced that Tim Peterman has joined the Company’s leadership team as Executive Vice President and Chief Financial Officer, replacing Bill McGrath. Peterman brings more than 20 years of experience from companies including Synacor, The E.W. Scripps Company, IAC and the Tribune Company.
Cirrus Logic, Inc. (NASDAQ: CRUS) announced that Alex Davern has been named to the company’s Board of Directors. Davern serves as executive vice president, chief financial officer and treasurer at National Instruments. Prior to joining National Instruments in 1994, Davern worked for PricewaterhouseCoopers in Europe and the United States.
Universal Stainless & Alloy Products, Inc. (NASDAQ: USAP) announced that Michael D. Bornak, Vice President of Finance, Chief Financial Officer and Treasurer notified the Company of his intention to resign from his position.
Wesco Aircraft Holdings, Inc. appointed K. Lynn Mackison, currently the Company’s Vice President and Global Controller, to serve as acting Chief Financial Officer, effective as of March 31, 2015, until a permanent Chief Financial Officer is in place. As previously disclosed, Greg Hann is retiring from his position as the Company’s Executive Vice President and Chief Financial Officer on March 31, 2015. Ms. Mackison has served as the Company’s Vice President and Global Controller since January 2015. Prior to joining the Company, she served as General Manager, Finance at Delta Technical Operations, the maintenance, repair and overhaul division of Delta Air Lines, Inc. From 2005 to 2014, Ms. Mackison served in roles of increasing responsibility within the finance and accounting organization at Goodrich Corporation, which became UTC Aerospace Systems (“UTC Aerospace”) after its acquisition by United Technologies Corporation in 2012. While at Goodrich/UTC Aerospace, Ms. Mackison served as Chief Financial Officer and Director, Sensors & Integrated Systems from 2013 to 2014; Director and Controller, Aerostructures Aftermarket from 2010 to 2013; Finance Manager, Aerostructures MROs from 2008 to 2010; Finance Manager, Engine Control Systems from 2007 to 2008; and Manager, External Reporting from 2005 to 2007. She also served as Audit Manager, and later Senior Manager, at Beard Miller Company from 2001 to 2005 and Assistant Controller at Drovers Bancshares Corporation from 1998 to 2001. Ms. Mackison began her career at Deloitte & Touche LLP in January 1995, where she was promoted to Audit Manager prior to leaving the firm to join Drovers Bancshares.
Spirit Realty Capital, Inc. (NYSE: SRC) announced that it has appointed Phillip D. Joseph, Jr. as Chief Financial Officer and has named Spirit’s current Chief Financial Officer, Michael A. Bender, to the newly formed position of Chief Accounting Officer. These appointments become effective April 20, 2015. Formerly, Mr. Joseph spent more than 13 years at Prologis, most recently as Managing Director and Global Treasurer.
Urologix, Inc. (OTC: ULGX) announced the appointment of Scott M. Madson as its Chief Financial Officer effective April 1, 2015. Mr. Madson most recently provided finance and accounting management consulting services through his company, Madson Consulting LLC. Previously, Scott was Vice President, Controller and Chief Accounting Officer for Universal Hospital Services, Inc. Prior to UHS, Scott held finance positions in companies including Nextel Partners and RBC Wealth Management. He began his career in public accounting at Deloitte in Minneapolis.