CFO Moves – week ending December 20, 2013

CFO Moves this week include:

Puppet Labs

Fortinet

Symantec Corp.

FrontRange

Reply.com

PACCAR Inc.

Paymetric, Inc

Allegheny Technologies Incorporated

InVivo Therapeutics Holdings Corp.

American Public Education, Inc.

DuJour Media Group

Seminole Energy Services, LLC

Esposito Securities, LLC

Total Safety

Gas Natural Inc.

Aviall, Inc.

Seven Seas Water Corporation

Hillenbrand, Inc.

Comprehensive Care Corporation

ViaCyte, Inc.

PayScale, Inc.

Versartis

UIC Technical Services, LLC (UICTS)

Kirby Corporation

Vulcan Materials Company

NuStar Energy L.P.

naviHealth

InTown Suites

DHS Technologies LLC

M/A-COM Technology Solutions Holdings, Inc.

Tigrent Inc.

Canvas

Spectra Energy Corp.

Universal Funding Corporation

Renewable NRG Systems

Bancorp of New Jersey, Inc.

Affinion Group, 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 s.dergel@stantonchase.com or by phone at +1 (415) 738-2070.

+ + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + +Bill Koefoed

Puppet Labs announced that Bill Koefoed will join Puppet Labs as CFO. Prior to joining Puppet Labs, Koefoed was CFO of the Skype Division of Microsoft. Prior to Skype, Koefoed was general manager of investor relations for Microsoft. Prior to investor relations, Koefoed was general manager of finance and strategy for Microsoft IT. Koefoed joined Microsoft from Hewlett-Packard, where he led the strategy & planning team for customer & sales operations. Prior to joining HP, Koefoed was a managing director for PricewaterhouseCoopers Consulting, where he was instrumental in the planning and execution of the HP/Compaq and IBM/PwC merger integrations as well as the Agilent and Palm spin-offs.

Fortinet (NASDAQ: FTNT) announced the appointment of Andrew "Drew" Del Matto as the company’s Chief Financial Officer (CFO).  Mr. Del Matto most recently served as Symantec’s acting Chief Financial Officer as well as Senior Vice President and Chief Accounting Officer. During his nine years at the company, Del Matto also served as Symantec’s Corporate Treasurer and Vice President of Finance Business Operations. He previously held senior finance leadership roles with Inktomi Corporation and SGI Corporation. Del Matto began his career as a CPA in public accounting with KPMG LLP.

Symantec Corp. (NASDAQ: SYMC) announced that it has appointed Don Rath, vice president of global tax, as interim CFO and CAO effective January 2, 2014. He assumes this role following the departure of Andrew "Drew" Del Matto, Symantec’s current acting CFO and CAO, who will leave the company on December 31 to become CFO of Fortinet. Rath joined Symantec in August 2012 and previously held senior tax and finance roles with Synopsys, Chiron and Veritas. A CPA in California, he practiced for nine years with Ernst & Young LLP. Kevin Thompson

FrontRange announced the appointment of Kevin Thompson as CFO. Before joining FrontRange, Thompson was the CFO of Vitria Technology, Inc. Prior to his tenure at Vitria, Thompson served as the CFO of Entrisphere, Inc.

PACCAR Inc. (NASDAQ: PCAR) announced that it has elected Robert J. Christensen as president and chief financial officer (CFO), effective April 27, 2014. Mr. Christensen has worked at PACCAR for 30 years and is currently executive vice president and chief financial officer. Sharmila Patel

Reply.com announced that Sharmila Patel has joined the company’s leadership team as its Chief Financial Officer. Sharmila started her career in the UK, working at Intel and Chase Manhattan Bank in a variety of finance roles before she moved to the USA. In 2000, Sharmila joined Kaiser Permanente, CA. where she held various leadership roles including Executive Director of IT Finance. Most recently, she served three years as VP of Finance at Yahoo! Inc., where she supported the global technology organizations. Prior to Yahoo!, Sharmila spent 3+ years as VP of Finance at First Data supporting multiple global technology and infrastructure divisions.

Paymetric, Inc. announced that Gil Friedman has been appointed the company’s Chief Financial Officer. Most recently, he spent five years with NexTraq, a Francisco Partners company, where he was Executive Vice President and CFO. His background also includes senior level roles with Amdocs and Polycom.

Allegheny Technologies Incorporated (NYSE: ATI) announced that Patrick J. DeCourcy has been named Senior Vice President, Finance and Chief Financial Officer. Mr. DeCourcy had been serving as Interim Chief Financial Officer since July 15, 2013. DeCourcy began his career with ATI in 1988 in ATI’s flat-rolled products operations where he held various finance leadership positions with increasing responsibilities. In 1998, he was named Controller of ATI’s flat-rolled products business. In 2000, he was named Vice President, Finance and Administration of ATI’s specialty materials nickel-based and titanium-based alloys business. In 2011, he became involved in assisting with the integration of ATI’s high performance forged and cast products business following ATI’s acquisition of the Ladish Co. Prior to being named Interim Chief Financial Officer in July 2013, he provided assistance to ATI’s executive management with the business integration of the company’s Flat-Rolled Products Segment Hot-Rolling and Processing Facility (HRPF) strategic investment.

InVivo Therapeutics Holdings Corp. (OTC: NVIV) announced the appointment of Steven McAllister as Interim Chief Financial Officer, effective December 31, 2013. He replaces Gregory Perry, who, as previously announced, will leave December 30, 2013 to join another local biotechnology company as its Chief Financial and Business Officer. Mr. McAllister served as Vice President, Finance and Administration for Biomet Spine and Bone Healing Technologies from 2007 – 2013. From 1999 – 2007 he served in several capacities, including Director of Finance, Worldwide Operations, for Depuy Inc, and from 1984 – 1999 he worked in several capacities at Howmedica, a Pfizer subsidiary that was sold to Stryker in 1998.

American Public Education, Inc. (NASDAQ: APEI) – parent company of American Public University System (APUS) and Hondros College, Nursing Programs – announced Richard W. Sunderland, Jr. is to succeed Mr. Wilkins as APEI’s CFO. Effective January 1, 2014, Harry T. Wilkins, the Company’s current executive vice president and chief financial officer, will become CEO of National Education Seminars, which operates Hondros College, Nursing Programs. In addition, Mr. Wilkins will serve as APEI’s executive vice president and chief development officer. Mr. Sunderland, currently the APUS senior vice president of finance, has been appointed to succeed Mr. Wilkins as executive vice president and chief financial officer of APEI and APUS. Mr. Wilkins joined APUS in January 2007 as CFO, after having served on the APEI Board of Directors since December 2004 and the APUS Board of Trustees since January 2005. Mr. Wilkins’ career experience also includes financial and operational leadership as the former chief financial officer and chief operating officer of Strayer Education, Inc. In addition, Mr. Wilkins previously served in other financial, executive and business development roles at the accounting firms Wooden & Benson and Deloitte & Touche. Prior to joining APUS, Mr. Sunderland served as the chief financial officer of NovaSom, Inc., from 2008 to 2010. In addition, Mr. Sunderland served as chief financial officer of Active Day, Inc. between 2005 and 2008, and in various roles, including as controller, senior vice president and chief financial officer, at NeighborCare, Inc. from 1993 to 2004.

DuJour Media Group announced that Dominic Butera has joined the company as Chief Financial Officer. Butera was previously CFO of Travora Media, a venture-backed vertical ad network. Before that, Butera was with Barry Diller’s IAC/InterActiveCorp where he served for five years as CFO of IAC Search and Media ("SAM").  SAM’s major properties included Ask.com, Dictionary.com, Evite.com, iWon.com, Excite.com, Mindspark and IAC Advertising Solutions. Earlier in his career, Butera held senior financial roles at Computerland, 3DO, IDG Books, Intermap Technologies, Innoventry, and Ocular Sciences.  Butera began his career as a CPA with KPMG.

Seminole Energy Services, LLC announced that Dan Hawk was named Executive Vice President and Chief Financial Officer. Most recently, Hawk served as executive vice president and chief financial officer for Davis Petroleum. Prior to Davis, he served as vice president and treasurer for Burlington Resources, Inc. Before Burlington, Hawk served as vice president and treasurer for Vastar as well as in various leadership positions with Apache Corporation, Mark Producing, Getty Oil and Texaco. 

Esposito Securities, LLC announced the hiring of their new Chief Financial Officer, Doug Townsend. Doug has held positions at Jackson National Life Distributors LLC, Curian Capital LLC, Curian Clearing LLC, NatCity Investments Inc. and Raffensperger, Hughes & Co.

Total Safety announced the appointment of Clinton W. Roeder as Chief Financial Officer ("CFO").  Mr. Roeder assumes CFO responsibilities from Dennis Turnipseed who has left the Company to pursue a new professional opportunity. Mr. Roeder joins Total Safety from Vopak where he served as CFO of Vopak Americas.  Prior to this position, Mr. Roeder served as CFO of Vopak North America.  Previously, Mr. Roeder served in various financial and General Manager roles at Centrica (Direct Energy).

Gas Natural Inc. (NYSE MKT: EGAS) announced that James E. Sprague will join Gas Natural as Vice President and Chief Financial Officer effective May 1, 2014. Thomas J. Smith, the Company’s current Vice President and Chief Financial Officer, previously announced his plans to retire and will continue in his current role and ensure a smooth transition.  James E. Sprague will join Gas Natural upon departing as a Managing Partner with Walthall, Drake & Wallace LLP CPAs ("Walthall") in Cleveland, OH.  Mr. Sprague joined Walthall in 1987, was admitted as a Partner in 1994, and has specialized in the Oil & Gas Industry throughout his career. 

Aviall, Inc., a wholly-owned subsidiary of The Boeing Company, has named John Meersman as its new chief financial officer (CFO). Meersman was previously the senior director of corporate and strategic development for The Boeing Company. Meersman joined Boeing in 1985 and has held positions in Finance, International Business, Contracts, Pricing and Estimating. Lee Muller

Seven Seas Water Corporation announced that Lee Muller has joined the company as Senior Vice President, Chief Financial Officer and a member of the Executive Committee. Mr. Muller joins Seven Seas Water from ContourGlobal where he was Executive Vice President and Chief Financial Officer.  Prior to ContourGlobal, Mr. Muller was an investment banker with Goldman Sachs.

Hillenbrand, Inc. (NYSE: HI) announced that Cynthia Lucchese, Senior Vice President and Chief Financial Officer, will be leaving the company effective March 31, 2014 in order to pursue other professional opportunities

Comprehensive Care Corporation (OTC: CHCR) announced that CompCare appointed Kyle Chastain to serve as Acting Chief Financial Officer (CFO) to fill the vacancy created with the departure of the Company’s former CFO.  Mr. Chastain has served as Director of Finance, Regional Controller or Business Process Consultant for several publicly traded companies, including International Paper; Siemens Westinghouse; Illinois Tool Works; Mosaic; and Schwarz Partners. 

ViaCyte, Inc. announced today that Mark G. Foletta has been appointed to its Board of Directors. Mr. Foletta was most recently senior vice president and Chief Financial Officer at Amylin Pharmaceuticals, Inc.  He joined Amylin in 2000 and served through its acquisition by Bristol-Myers Squibb for approximately $7 billion in August 2012.  Prior to Amylin, Mr. Foletta worked 14 years at Intermark, Inc./Triton Group Ltd. where he served as senior vice president, Chief Financial Officer and Corporate Secretary. 

PayScale, Inc. announced the appointment of Mark Klebanoff as Chief Financial Officer. Most recently, he was CFO at Appature. In addition, Klebanoff held the CFO position at All Star Directories, Daptiv, M:Metrics, AccessLine, RealNetworks and Industrial Systems.

Versartis, Inc. announced the appointment of Joshua T. Brumm as its first Chief Financial Officer. Mr. Brumm was most recently Executive Vice President of Finance at Pharmacyclics Inc. Previously, as Chief Financial Officer and Senior Vice President for ZELTIQ Aesthetics, Inc. Prior to joining ZELTIQ, Mr. Brumm served as Director of Finance at Proteolix, Inc. Earlier in his career, Mr. Brumm held the positions of Investment Banking Associate as a member of the West Coast Healthcare Team at Citigroup Global Markets, Inc. and as an Investment Banking Analyst for the West Coast Healthcare Team at Morgan Stanley.

UIC Technical Services, LLC (UICTS) and its Bowhead subsidiaries (commonly known as Bowhead) are pleased to announce the addition of Michele Rambo as the company’s new Senior Director of Financial Strategy / CFO. Michele has spent most of her career working in the government services industry.

Kirby Corporation elected David W. Grzebinski President and Chief Operating Officer.  Mr. Grzebinski is currently Executive Vice President and Chief Financial Officer of the Company, and will also remain Chief Financial Officer of the Company. Mr. Grzebinski has served as Chairman of Kirby Offshore Marine, LLC since February 2012 and as Executive Vice President and Chief Financial Officer of the Company since March 2010, after joining the Company in February 2010.  Prior to joining the Company, he served in various administrative positions since 1988 with FMC Technologies Inc., including Controller, Energy Services, Treasurer, and Director of Global SAP and Industry Relations.  Prior to joining FMC, he was employed by Dow Chemical Company.

Vulcan Materials Company (NYSE: VMC) announced that John McPherson, previously Senior Vice President of Vulcan’s East Region, has been promoted to the position of Executive Vice President and Chief Financial Officer. Dan Sansone, previously Executive Vice President and Chief Financial Officer, has been named to the position of Executive Vice President – Strategy. Mr. Sansone plans to retire from the Company at the end of 2014. John McPherson served most recently as Senior Vice President of the Company’s East Region. Mr. McPherson joined the Company in 2011 as Senior Vice President, Strategic Planning and Business Development. Prior to coming to Vulcan, he was a senior partner of McKinsey & Company, the global management consulting firm. He held a variety of senior management positions over a 17-year career that included leadership of McKinsey’s Americas Organization Practice and its Dallas office. Before joining McKinsey, Mr. McPherson worked with Goldman Sachs in New York and Hong Kong. Dan Sansone served as Chief Financial Officer of Vulcan Materials Company since 2005, and as Executive Vice President and CFO since 2011. Tom Shoaf

NuStar Energy L.P. (NYSE: NS) announced that Steve Blank, Executive Vice President and CFO of NuStar Energy L.P. and NuStar GP Holdings, plans to retire from the company effective December 31, 2013. The company’s board of directors has selected Tom Shoaf, NuStar’s Controller, to serve as Executive Vice President and Chief Financial Officer upon Blank’s retirement. Prior to becoming NuStar’s Controller eight years ago, Shoaf served in positions of increasing responsibility with Valero Energy Corporation, eventually becoming Director of Finance.

naviHealth announced the addition of Karey Witty as the company’s executive vice president and chief financial officer. During his career, Witty has served in several executive management roles for leading healthcare services organizations, including CFO for HealthSpring Inc., as well as CFO for Centene Corporation.

InTown Suites announced that Dennis Cassel, current Chief Financial Officer, will assume leadership of the company in the additional role of President as of January 1, 2014. Mr. Cassel has served as a member of InTown Suites leadership team for almost nine years overseeing the Company’s finances. 

DHS Technologies LLC announced the appointment of Nelson Weinstein, who has served as Chief Accounting Officer since 2005, as the Company’s Chief Financial Officer. Prior to joining DHS, Mr. Weinstein operated his own consultancy. From 1991-2001, Mr. Weinstein served as CFO and COO of Milton Merl & Associates, Inc.

M/A-COM Technology Solutions Holdings, Inc. (NASDAQ: MTSI) (MACO) announced the appointment of Robert J. McMullan as its Chief Financial Officer, effective January 2, 2014. Mr. McMullan will succeed Conrad Gagnon, who has resigned effective as of the same date to pursue other career and personal interests. Prior to his recent CEO and advisory positions, Mr. McMullan played an integral role in the growth of GlobespanVirata and its integration with Conexant Systems following their merger. He later led HCL Expense Management Services Inc., a subsidiary of HCL Technologies, a $2 billion IT company.

Tigrent Inc. (OTC: TIGE) announced that Marc Scholvinck had been appointed to the Company’s Board of Directors. Mr. Scholvinck will serve as Chairman of the Company’s Audit Committee. Until April 2013, Mr. Scholvinck was Managing Partner and Chief Financial Officer of Blum Capital Partners. He is a former Director of Suntron Corporation, Monroc, Inc. and Willig Freight Lines.

Canvas announced that Marc Rubin has joined the company as Chief Financial Officer. Marc has served as Chief Financial Officer and Chief Accounting Officer at several well-known and successful fast growth technology companies in the Mid-Atlantic region, including Sequoia Software, Sourcefire, and Rovion. Prior to working with emerging businesses, Marc worked in finance and accounting management positions at Black & Decker and London Fog. Most recently, Marc was the founding partner of ArcPoint Partners, providing outsourced finance, accounting, and HR services to tech startups across New York, Silicon Valley, and the Mid-Atlantic.

Spectra Energy Corp. (NYSE: SE) announced that Laura Sayavedra, who previously has served as chief financial officer, Spectra Energy Partners, and in various other leadership roles, including vice president, strategy, will become vice president and treasurer.

Universal Funding Corporation announced the appointment of Kenneth Mayer as Chief Financial Officer. Most recently Mayer served as controller for Essential Metals Corporation. From 2005 until 2010, Mayer served as CFO at Native American Services Corp. Mayer brings additional financial leadership experience from companies including Mikunda Cotrell & Company, Agrium US, and the Alaska Department of Revenue.

Renewable NRG Systems has promoted Justin Wheating, chief financial officer, to the role of president. Wheating joined Renewable NRG Systems in 2009. Wheating previously held executive positions at MacGregor Golf, Burton Snowboards, and Dynastar Skis. Prior to Renewable NRG Systems, Wheating was the chief operating officer and chief financial officer at Simon Pearce.

Bancorp of New Jersey, Inc. (NYSE MKT:BKJ), the holding company of Bank of New Jersey, today announced the appointment of Richard Capone as Senior Vice President and Chief Financial Officer of the Company and the Bank. Mr. Capone has served as a Senior Vice President and the Controller of the Bank since August 2009.

Affinion Group, Inc. announced that Mark Gibbens, the Company’s Chief Financial Officer, is leaving Affinion before the end of the year and that Gregory Miller, currently Senior Vice President Financial Planning and Divisional Operations at the Madison Square Garden Company, will rejoin Affinion as its Executive Vice President and CFO effective January 20th.  Mr. Miller has more than 11 years of previous experience with the Company, most recently as the Chief Financial Officer for Affinion North America. Mr. Miller joined Affinion in 1999 and through 2011. In 2011, Mr. Miller left Affinion to join the Madison Square Garden Company. Prior to joining Affinion, Mr. Miller worked as a staff accountant at Coopers & Lybrand and had financial reporting and/or analytical roles with the Coca-Cola Bottling Company of New York as well as Citizens Communications. 

CFO Moves – week ending December 13, 2013

CFO Moves this week include:

General Motors FedEx Corporation Marvell
RTI International Metals, Inc. Baker Hughes Incorporated American Water Works Company Inc.
Rare Element Resources Ltd. ClearView® Audio Waters Corporation
MAXIMUS ABM Par Petroleum Corporation
Vivint Solar DST Systems, Inc. ValueOptions®, Inc.
Relmada Therapeutics Inc. Blackstone Mortgage Trust, Inc. Asbury Automotive Group, Inc.
Hyperdynamics Corp. Bankers Financial Corporation (BFC) Chef™
Apollo Residential Mortgage, Inc. Findly AllDigital Inc.
Nortech Systems Incorporated Johnny Rockets Ocean Power Technologies, Inc.
HD Supply Holdings, Inc. Oil States International, Inc. Federal-Mogul Corporation
Supply Chain Services Movable Ink Care.com
Hardinge 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 s.dergel@stantonchase.com or by phone at +1 (415) 738-2070.

+ + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + +

General Motors (NYSE: GM) announced that Dan Ammann, executive vice president and chief financial officer, was named company president. Ammann joined GM in 2010. Ammann will retain CFO responsibilities at least through the release of the company’s fourth quarter and full-year 2013 results in early February 2014. His replacement as CFO will be named later.

FedEx Corporation elected Kimberly Jabal as a director. The Board also appointed Ms. Jabal as a member of its Information Technology Oversight Committee. Ms. Jabal currently is the chief financial officer and oversees the legal and human resources functions at Path, Inc., a privately-held social networking company. Prior to joining Path in March 2013, she served as vice president of finance at Lytro, Inc. She served in various capacities at Google from 2003 to 2011, including as director of engineering finance, director of investor relations and director of online sales finance. Prior to Google, Ms. Jabal spent two years at Goldman Sachs in technology investment banking.

Marvell (NASDAQ: MRVL) announced the appointment of Michael Rashkin as Interim Chief Financial Officer. Mr. Rashkin has been with the Company since 1999 and prior to this appointment served in a variety of roles in the finance organization including in VP of Tax, VP of Strategic Development and President of the Marvell Charitable Fund. Mr. Rashkin also served as Interim Chief Financial Officer of Marvell from July 2007 to January 2008.

RTI International Metals, Inc. (NYSE: RTI) announced the election of Arthur B. Winkleblack to its Board of Directors. Mr. Winkleblack will serve on the Audit Committee of the Board. His term as an independent director will begin immediately. Winkleblack’s experience includes service as Executive Vice President and Chief Financial Officer of H.J. Heinz Company from January 2002 through June 2013. Earlier in his career, Winkleblack held senior finance roles at companies including Six Flags Entertainment, AlliedSignal and PepsiCo. He is currently a member of the Board of Directors and Audit Committee of Church & Dwight Co., Inc.

Baker Hughes Incorporated (NYSE: BHI) announced that the Company’s Senior Vice President and Chief Financial Officer, Peter A. Ragauss, intends to retire by the end of next year.

American Water Works Company Inc. (NYSE: AWK) announced that Jeff Sterba will retire from his role as president and chief executive officer of American Water at the Company’s annual meeting, scheduled for May 9, 2014. At that time, American Water’s current senior vice president and chief financial officer Susan N. Story will succeed Sterba as president and CEO. Before joining American Water, Story served as executive vice president of Southern Company. In that role she was also president and CEO of Southern Company Services. A seasoned utility executive, Story also served as president and CEO of Gulf Power Company, a Florida subsidiary of Southern Company, and as Southern Company’s executive vice president of Engineering and Construction Services. Story began her career at Southern Company as a nuclear power plant engineer. Story is an independent director of Raymond James Financial (RJF), having served on the board since 2008.

Rare Element Resources Ltd. (NYSE MKT: REE) announced that Paul H. Zink, former president of International Royalty Corporation and Eurasian Capital and a previous board member of the Company, has been appointed Senior Vice President and Chief Financial Officer. David P. Suleski, the Company’s Chief Financial Officer since 2011, ceased serving in that role. Mr. Zink most recently served as Chief Executive Officer and Chief Investment Officer for Americas Bullion Royalty Corp. Prior to that, he was President of Eurasian Capital, the royalty and merchant banking division of Eurasian Minerals Inc. He also served as president and a director of International Royalty Corporation, prior to its sale to Royal Gold in 2010.

ClearView® Audio appointed Gregory S. Galliford to the position of chief financial officer. Galliford has served as CFO of two technology firms and was a senior financial analyst at the Hewlett Packard Company.

Waters Corporation (NYSE: WAT) announced that John Ornell, its Chief Financial Officer, has communicated his intention to transition to a reduced workload and resign as the Company’s Chief Financial Officer effective February 1, 2014. Mr. Ornell will then continue to serve the Company in an advisory capacity on a part-time basis. The Board of Directors of the Company has elected Eugene G. Cassis, who currently serves as Corporate Vice President of Worldwide Business Development and Investor Relations, to serve as the Company’s interim Chief Financial Officer effective February 1, 2014. Mr. Cassis has been with Waters Corporation for 33 years. In addition to his significant experience in business development and investor relations, Gene has held several senior positions within Waters including President of Nihon Waters K.K., Tokyo, Japan and Liquid Chromatography – Mass Spectrometry (LC-MS) Business Unit Manager.

MAXIMUS (NYSE: MMS) announced that David N. Walker plans to retire from his role as Chief Financial Officer and Treasurer of. Mr. Walker plans to continue on as a full-time employee to ensure a successful transition until approximately December 2014, whereupon he will assume a part-time support role to the Chief Executive Officer.

ABM (NYSE: ABM) announced that its board of directors elected Stephen Kadenacy, executive vice president and chief financial officer of AECOM Technology Corporation (NYSE: ACM), as an independent director. In addition, he was appointed to the audit committee.

Par Petroleum Corporation (OTC: PARR) announced that Chris Micklas has been named the company’s Chief Financial Officer. Most recently, he served as a senior executive within BG Group Plc’s Chief Operating Office and Global Liquefied Natural Gas business as Finance Director. He has also held senior roles, including Finance Director of U.S. Downstream, at Shell Oil Company. Micklas’ earlier career included various finance positions at General Electric Company.

Vivint Solar named Dana Russell as chief financial officer. His experience includes the merger agreement between Novell and Attachmate, and a patent cooperation agreement with Microsoft. Prior to joining Vivint Solar, Russell was the chief financial officer of software company Allegiance, as well as senior vice president and chief financial officer of Novell from 2005 to 2011.

DST Systems, Inc. (NYSE: DST) announced that it has appointed Gregg Wm. Givens to serve as Vice President, Chief Financial Officer and Treasurer, effective Jan. 1, 2014. He succeeds Kenneth V. Hager, who will retire from DST Systems as planned after 29 years of service to the Company. Mr. Givens has been with DST since 1996. He has served as Vice President and Chief Accounting Officer for the past 14 years.

ValueOptions®, Inc. announced that Douglas Thompson has been named the company’s Executive Vice President and Chief Financial Officer. Thompson replaces Scott Tabakin who is retiring at the end of the year. Upon joining ValueOptions as Senior Vice President of Decision Support and Treasurer in 2012, Thompson served as head of Financial Planning and Decision Support. Prior to joining ValueOptions, Thompson previous work included being Vice President of Financial Planning and Analysis with HealthSpring and Vice President of Financial Planning with Bravo Health.

Relmada Therapeutics Inc. announced that Douglas J. Beck joined the company as its Chief Financial Officer.  Mr. Beck serves on the SEC Practice Committee and the Chief Financial Officers Committee for the New York State Society of CPAs.  He also has significant prior experience in public accounting including at both Andersen LLP and Eisner Amper LLP. From May 2011 to February 2013 Mr. Beck served as CFO at iBio Inc.  Previously, in 2005 he was appointed CFO of Lev Pharmaceuticals, Inc.

Blackstone Mortgage Trust, Inc. (NYSE: BXMT) announced that Paul D. Quinlan, a Managing Director in the finance division of Blackstone, has been appointed Chief Financial Officer of the Company. Mr. Quinlan will succeed Geoffrey Jervis, who, as previously announced by the Company, has resigned to pursue other opportunities. Mr. Quinlan, age 36, will also serve as the CFO of Blackstone’s Real Estate Debt Strategies group. Mr. Quinlan most recently served as Blackstone’s Head of Financial Planning & Business Development. Mr. Quinlan was also the CFO for Blackstone Advisory Partners L.P., encompassing Blackstone’s Advisory, Restructuring & Reorganization and Capital Markets businesses. From 2004 until joining Blackstone in 2010, Mr. Quinlan worked as a Director in the Global Principal Investments Group at Bank of America Merrill Lynch. Prior to this, Mr. Quinlan worked in investment banking at Merrill Lynch and PricewaterhouseCoopers Securities.

Asbury Automotive Group, Inc. (NYSE: ABG) announced, as part of its long-term executive succession planning process, that Senior Vice President and Chief Financial Officer Scott Krenz will retire from the position of Chief Financial Officer, effective December 31, 2013. Current Vice President of Finance Keith Style has been appointed to succeed Scott Krenz as Chief Financial Officer effective January 1, 2014. Keith Style joined the Company in October 2003, and has held several positions during his time with Asbury, having served as Vice President of Finance since November 2008. Prior to his appointment as Vice President of Finance, he served as the Company’s Vice President of Investor Relations, Director of Budgeting & Forecasting, and Assistant Controller.

Hyperdynamics Corp. (NYSE: HDY) announced that it has appointed David Wesson as its new Vice President and Chief Financial Officer. Mr. Wesson, who currently serves as the Company’s Controller, will assume this new role effective January 1.  He succeeds Paul Reinbolt, who will step down from the CFO position at the end of December. Mr. Wesson joined Hyperdynamics in April 2010.  He began his career in the energy industry with Tenneco Oil E&P and spent seven years in various oil and gas accounting assignments there. Subsequently, he joined Swift Energy Company in 1988 and served 21 years in various financial positions, including serving as its Controller from January 2001 to December 2009.

Bankers Financial Corporation (BFC) announced the appointment of Anna C. Arena as Chief Financial Officer. Arena comes to BFC from her role as CFO/Controller of Liberty Mutual.

Chef™ (formerly Opscode) announced that Curt Anderson joins as CFO, having most recently served as CFO for Microsoft’s Manufacturing and Supply Chain Division. He also spent time at Microsoft as CFO of Server and Tools division. Prior to Microsoft, he led a variety of marketing and finance initiatives at Amazon.com.

Apollo Residential Mortgage, Inc. (NYSE: AMTG) announced the Board of Directors appointed Teresa Covello to the positions of Chief Financial Officer, Secretary and Treasurer of the Company effective January 1, 2014. Ms. Covello will assume these titles from Stuart Rothstein, who will step down from these positions effective January 1, 2014 and will retain his role as a member of the investment committee of ARM Manager, LLC (the “Manager”), the external manager of the Company. Ms. Covello currently serves as the Controller of the Manager, a position she has held since she joined Apollo Global Management, LLC (together with its subsidiaries, “Apollo”), the indirect parent of the Manager, in 2012. From 2003 through 2011, Ms. Covello was the Senior Vice President, Chief Accounting Officer and Treasurer of MFA Financial, Inc., a residential mortgage REIT she joined in 2001. Prior to MFA Financial, Ms. Covello was a financial consultant, concentrating in investment banking within the financial services sector and from 1990 through 2000, she held progressive positions with JSB Financial, Inc. Barak Ben-Gal

Findly, a Symphony Technology Group (STG) company, announced that Barak Ben-Gal has joined the company as its new CFO. He began his role in November. Prior to joining Findly, he served as CFO of solar energy company, Sunrun. Ben-Gal previously worked for Support.com, where he led the company’s finance-related operations as controller and vice president of Finance. He also held the position of senior director of Change Management for Yahoo’s Finance Transformation Office.

AllDigital Inc. (OTC: ADGL) announced the addition of a new member to its executive team — Barbara Crofts, CFO. Crofts most recently served as CFO for three middle-market companies, including Loma Linda University Medical Center’s Murrieta Campus construction phase.

Nortech Systems Incorporated (NASDAQ: NSYS) announced that on January 1, Nortech’s current director of finance Paula Graff will be promoted to vice president and chief financial officer. Before joining Nortech Systems, Graff was a consultant with Experis, a division of Manpower, Inc. Previously, she gained extensive finance experience with Munsingwear, Ecolab and The Toro Company.

Johnny Rockets announced Chad Hope as Chief Financial Officer (CFO). Prior to his position with Johnny Rockets, Hope served as CFO of FSC Franchise Co, LLC, franchisor of Beef ‘O’ Brady’s Family Sports Pubs and Brass Tap Craft Beer and Wine Bars. Hope began his career in the Atlanta, Georgia office of Ernst & Young (E&Y). He went on to Fiesta Brands, Inc. as Corporate Controller. In 2009, Hope became the International Controller of Focus Brands, Inc., a multinational franchisor of six QSR concepts, including Auntie Anne’s, Cinnabon and Moe’s Southwest Grill.

HD Supply Holdings, Inc. (NASDAQ: HDS) announced that Evan Levitt has been appointed to serve as Senior Vice President and Chief Financial Officer of HD Supply. Ron Domanico, the current CFO of HD Supply will resign from his position effective upon Mr. Levitt’s appointment. Mr. Domanico will remain employed with HD Supply through April 17, 2014 to assist with the transition, at which time he will retire. Mr. Levitt has served as Vice President and Corporate Controller of HD Supply since 2007 when he joined the Company from The Home Depot, where he was the assistant controller and director of financial reporting from 2004 to 2007. Upon assuming his duties as CFO, Mr. Levitt will continue to serve as HD Supply’s principal accounting officer.

Ocean Power Technologies, Inc. (NASDAQ: OPTT) announced the appointment of Mark A. Featherstone as Chief Financial Officer. Prior to joining OPT, Mr. Featherstone spent over ten years at Quaker Chemical Corporation, most recently as Vice President, CFO and Treasurer. Prior to Quaker, Mr. Featherstone spent several years at both Coty, and Scott Paper, now part of Kimberly-Clark Corporation, in a series of financial and accounting positions of increasing responsibility.

Oil States International, Inc. (NYSE: OIS) announced the appointment of Lloyd A. Hajdik as Senior Vice President, Chief Financial Officer and Treasurer, along with the promotion of Bradley J. Dodson to Executive Vice President, Accommodations. Bradley Dodson, who previously held the position of Senior Vice President, Chief Financial Officer and Treasurer of Oil States, will serve as our Executive Vice President, Accommodations until the completion of the proposed spin-off of the Accommodations business, at which point he will serve as President and Chief Executive Officer of the new public company. Mr. Hajdik most recently held the position of Senior Vice President-Finance and Chief Accounting Officer at Helix Energy Solutions. Prior to joining Helix in 2003, Mr. Hajdik served in a variety of accounting and finance-related roles of increasing responsibility with Houston-based companies, including NL Industries, Inc., Compaq Computer Corporation (now Hewlett Packard), Halliburton’s Baroid Drilling Fluids and Zonal Isolation product and service lines, Cliffs Drilling Company and Shell Oil Company.

Federal-Mogul Corporation (NASDAQ: FDML) announced the appointment of Rajesh Shah as senior vice president and chief financial officer. Shah previously worked at X-Rite, where he was executive vice president and CFO. Prior to that, he held various executive-level positions in finance at several automotive companies, including Cadence Innovation, LLC; Remy International, Inc.; Collins & Aikman; UT Automotive; Varity Corporation; and Kelsey Hayes Group.

Supply Chain Services announced the promotion of Randy Gallatin to the new position of Chief Financial Officer. Gallatin served as the company’s Controller since early 2009. Prior to joining Supply Chain Services, Gallatin was controller for Gunderson Construction.

Movable Ink announced the appointment of Ali Byrd as Chief Financial Officer. Prior to joining Movable Ink, Byrd served as Senior Vice President at SecondMarket. Previous to his role at SecondMarket, Byrd was a Vice President at LimeWire. Earlier in his career, Byrd was an investment banker at Lehman Brothers and before that, he spent nearly a decade at Microsoft. Steven Cakebread

Care.com announced that Steven Cakebread has been appointed to the Company’s Board of Directors where his duties will include Chairman of the Audit Committee. Mr. Cakebread currently serves as Chief Administrative Officer and Chief Financial Officer of D-Wave Systems Inc.  He previously served as the Chief Financial Officer of Pandora Media Inc. from March 2010 to January 2013.  Prior to joining Pandora, Mr. Cakebread was President and Chief Strategy Officer of Salesforce.com, and served as Executive Vice President and Chief Financial Officer of Salesforce.com from May 2002 to February 2008.  Before joining Salesforce.com, Mr. Cakebread spent five years at Autodesk, where he served as Senior Vice President and Chief Financial Officer.  From April 1992 to April 1997, he was Vice President of Finance for Silicon Graphics World Trade.  Mr. Cakebread held various finance and senior management roles at Hewlett Packard in the United States and Asia from 1974 to 1992.

Hardinge Inc. (NASDAQ: HDNG) announced that it has appointed Douglas J. Malone as Vice President & Chief Financial Officer. Mr. Malone joined Hardinge in 2008 as Corporate Controller. Prior to joining Hardinge, he served as Senior Vice President Financial Planning and Analysis for Financial Institutions’ Five Star Bank from 2005 to 2008 and previous to that as Senior Vice President Finance and Operations for a former subsidiary bank of the company.

CFO Moves – week ending December 6, 2013

CFO Moves this week include:

The Hertz Corporation Office Depot, Inc. Fusion-io
Coty Inc. Marvell WWE
Qualstar Corporation Brookline Bancorp, Inc. TransCentra
Midway Gold Corp. Iteris, Inc. MedSynergies, Inc.
Transplace AAI-CML ALLETE
Real Mex Restaurants Sysmex America, Inc. Broadridge Financial Solutions, Inc.
Chobani, Inc. Hill-Rom Holdings, Inc. Gas Natural Inc.
Double Eagle Petroleum Co. Boston Therapeutics, Inc. Delivery Agent, Inc.
Covanta Holding Corporation AVEO Pharmaceuticals, Inc. RainDance Technologies, Inc.
Melinta Therapeutics Precision Health Media Visterra, Inc
Hemispherx Biopharma, Inc. Dyn Edwards Lifesciences Corporation

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 s.dergel@stantonchase.com or by phone at +1 (415) 738-2070.

+ + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + +

The Hertz Corporation (NYSE: HTZ) announced that Thomas (Tom) C. Kennedy has been appointed Senior Executive Vice President and Chief Financial Officer.   David J. Rosenberg, who has been serving as interim Chief Financial Officer since October 1, 2013, will assist Mr. Kennedy during a transition period, before taking on another senior role in the Company’s Finance area. Mr. Kennedy has been serving as Executive Vice President and Chief Financial Officer of Hilton Worldwide, Inc. since 2008.  From 2003 through 2007, Mr. Kennedy served as Executive Vice President and Chief Financial Officer for the Vanguard Car Rental Group (National Car Rental and Alamo Rent-A-Car brands). From 1992 through 2003, Mr. Kennedy worked for Northwest Airlines, Inc. in numerous roles with increasing management responsibility, primarily in the company’s financial areas, including serving two years as the financial controller for Asia based in Tokyo, Japan.  Mr. Kennedy was Senior Vice President and Controller when he left Northwest for Vanguard in 2003.

Office Depot, Inc. (NYSE: ODP), a company formed by the merger of Office Depot and OfficeMax, announced the appointment of Stephen Hare as Executive Vice President and Chief Financial Officer. Hare replaces Co-CFO Mike Newman, who has retired from the Company, and interim Co-CFO Deb O’Connor, who has returned to her position as Senior Vice President, Finance and Co-Chief Accounting Officer. Hare comes to Office Depot, Inc. from The Wendy’s Company where he served as Senior Vice President and Chief Financial Officer from 2011 until September 2013. Hare was Senior Vice President and Chief Financial Officer of Wendy’s/Arby’s Group, Inc. from 2008 through 2011. Previously, he served as Chief Financial Officer of Arby’s Restaurant Group, Inc. Prior to his senior management positions with The Wendy’s Company, Wendy’s/Arby’s Group, Inc., and Arby’s Restaurant Group, Inc., Hare was Executive Vice President of Cadmus Communications Corp. and the President of Publisher Services Group, a division of Cadmus, from 2003 to 2006. He served as Executive Vice President and Chief Financial Officer of Cadmus from 2001 to 2003. From 1996 to 2001, Hare was Executive Vice President and Chief Financial Officer of AMF Bowling Worldwide, where he also was a member of the Board of Directors. From 1990 to 1996, he was Senior Vice President and Chief Financial Officer of James River Corp.Ted Hull

Fusion-io (NYSE: FIO) announced that Ted Hull, previously vice president of finance at Cisco since 2007, has joined Fusion-io as executive vice president and chief financial officer.  Prior to Cisco, Hull served as CFO at Isola, as well as vice president of finance and then CFO at Maxtor, and as vice president of finance at Exodus Communications. He also served as division controller in the IBM SSD division, in addition to other senior financial roles at IBM during his seventeen-year tenure at the company.

Coty Inc. (NYSE: COTY) announced the appointment of Patrice de Talhouet as CFO effective early 2014. He will replace Sergio Pedreiro who will stay on at Coty through March 2014 to provide a seamless transition for Mr. de Talhouet. He was Corporate Finance Officer Americas and a member of the finance executive committee for Mars, Inc.. The five years prior he served as CFO Europe for Mars Global Chocolate. Before joining Mars, Inc., Mr. de Talhouet spent more than a decade in senior finance positions for Alcatel-Lucent. He started his career at Societe Generale bank where he spent four years.

Marvell (NASDAQ: MRVL) announced that Brad D. Feller, Marvell’s Interim Chief Financial Officer, has advised Marvell of his intention to resign from his position to pursue other opportunities. Mr. Feller’s resignation is effective as of December 10, 2013.

WWE (NYSE: WWE) announced that George Barrios, formerly Chief Financial Officer, has been promoted to Chief Strategy and Financial Officer.

Qualstar Corporation (NASDAQ: QBAK) announced the departure of Philip Varley, the Company’s Chief Financial Officer, and the hiring of Louann Negrete as the Company’s new Chief Financial Officer. For the past 2 years Ms. Negrete was the Director of Corporate Accounting for LINE 6, Inc. Prior to Line 6 she was the Corporate Controller for 6 years at Interlink Electronics, Inc. She also served for 6 years as the Corporate Controller for publicly traded Biosource International, Inc. ”

Brookline Bancorp, Inc. (NASDAQ: BRKL) announced that Julie A. Gerschick, Brookline Bancorp’s Chief Financial Officer and Treasurer, has resigned effective December 31, 2013 to pursue other business interests.

TransCentra has named Mike McCloskey chief financial officer. Prior to joining TransCentra, McCloskey was CFO for Atlanta-based Parkmobile USA, Inc. McCloskey previously held several senior level finance positions with organizations including Harland Clarke.

Midway Gold Corp. (NYSE: MDW) announced the appointment of Brad Blacketor to the Midway team as Chief Financial Officer. Prior to joining Midway, Brad was CFO of Gold Resource Corporation, CFO of Bear Creek Mining Corporation and CFO of Metallica Resources Inc. for 11 years. Brad is also a Director and Chairman of the Audit Committee for Kaminak Gold Corporation.

Iteris, Inc. (NYSE: ITI) appointed Walter “Chuck” McBride as chief financial officer. Mr. McBride joins Iteris after serving as the CFO for SRS Labs, Inc. from 2011 to 2012. Prior to SRS, Mr. McBride served as a CFO for various publicly traded technology products and services companies, including Capstone Turbine, First Consulting Group, and Emulex Corporation. He has also served in various senior financial positions for private companies, such as CFO of Synthetic Genomics and CFO of Kistler Aerospace Corporation.

MedSynergies, Inc. announced the company has named Doug Hansen as its new chief financial officer. Most recently, he was CFO for Accelion Health and for the health care division of Perot Systems, now Dell.

Transplace announced the appointment of Tony Cossentino as chief financial officer (CFO). He has served as chief financial officer at several logistics companies, including AmeriCold Logistics, Arnold Logistics, and most recently, Environmental Logistics Services. Cossentino replaced Steve Crowther, who joined Transplace in 2007.

AAI-CML, a new company created upon the merger of AAIPharma Services, Corp. (“AAI”) and Cambridge Major Laboratories, Inc. (“CML”) announced the appointment of Eric Evans as the Chief Financial Officer (CFO) of the merged company. The merged company is a portfolio company of American Capital, Ltd. (NASDAQ: ACAS). Evans was most recently the chief financial officer of AAIPharma Services, Corp. Prior to AAIPharma, Evans was chief financial officer and executive vice president of Patheon, Inc. and vice president and controller for Novartis Pharmaceuticals. He was also chief financial officer for the U.S. division of Sandoz.Steve DeVinck

ALLETE (NYSE: ALE) announced that Controller and Vice President of Business Support Steve DeVinck has been promoted to Chief Financial Officer, effective March 3, 2014. He will replace current CFO Mark Schober, who announced his intention to retire last August. DeVinck joined ALLETE in 1997 after working fourteen years with the U.S. operations of Enbridge Inc., where he held the position of chief accountant and various other leadership roles in accounting and tax. He was promoted to assistant controller at ALLETE in 1999, and in 2004 he was named director-non-utility business development. DeVinck has been ALLETE controller for the past seven years. In 2009, he assumed the additional role of vice president of business support.

Real Mex Restaurants announced the appointment of Blake Barnett to Chief Financial Officer. Barnett joins Real Mex Restaurants from Kraco Enterprises, where he served as Chief Financial Officer since 2012. Prior to Kraco, Blake was Principal Consultant at B&B Consulting for two years. Before B&B Consulting, Blake served as Chief Financial Officer at Ambassadors International (AMIE) and from 2007-2008. Blake also has extensive experience in the food and restaurant business, having served as Chief Financial Officer at Albertsons from 2004-2006 and Divisional Chief Executive Officer for YUM Brands from 2002-2004.

Sysmex America, Inc. announced that Alex Garini has been named Chief Financial Officer. Most recently, Garini served as Vice President, Finance for Siemens Healthcare – North America.  Prior to that, he was Senior Director, Controller – FP&A / Risk Management and Compliance Officer for Siemens Medical Solutions Inc. Garini started at Siemens Brasil, Ltda. in 1990 working in their Marketing and Finance departments in Brazil and Germany and moved through roles of increasing responsibility.  In 1999, he became Chief Financial Officer for Siemens Building Technologies’ Latin American region.  At Siemens, Garini also served as Head of Strategic Projects – Corporate Finance for the Building Technologies business and Director of Finance II – Sales & Risk Management for the IT Solutions and Services division. From 1996 to 1999, Garini left Siemens to work in finance leadership positions at Cerberus Pyrotronics and R.R. Donnelley where he was part of their mergers and acquisitions leadership team in Brazil.

Broadridge Financial Solutions, Inc. (NYSE: BR) announced that Chief Financial Officer Dan Sheldon is taking a temporary medical leave of absence. Michael Liberatore will assume the role of Acting Principal Financial Officer and David Lisa will serve as Acting Principal Accounting Officer until Mr. Sheldon returns. Mr. Liberatore currently serves as chief operating officer of Broadridge’s Mutual Fund and Retirement Solutions Group, prior to which he was chief financial officer of the Investor Communication Solutions business. Mr. Lisa currently serves as Broadridge’s corporate controller.Dipak Golechha

Chobani, Inc. has named Dipak Golechha Chief Financial Officer. Golechha joins Chobani after 18 years at Procter & Gamble, where he held a variety of finance, operational and management positions, including CFO of the Global Snacks Division.

Hill-Rom Holdings, Inc. (NYSE: HRC) announced the appointment of James “Jay” Saccaro as Senior Vice President and Chief Financial Officer.  He will join Hill-Rom on December 30.  Saccaro joins Hill-Rom from Baxter International, Inc., where he held positions of increasing responsibility over his 11-year career.  He most recently served as Vice President and Global Franchise Head of Specialty Pharmaceuticals.  From 2011-2013, Saccaro served as Corporate Vice President and Treasurer and, before that, was the Vice President of Finance for Baxter’s Europe, Middle East and Africa business.

Gas Natural Inc. (NYSE: EGAS) announced that Thomas J. Smith, Vice President and Chief Financial Officer, has announced his plans to retire after a distinguished career of over 50 years, including ten years of service with Gas Natural and its predecessor companies.  Mr. Smith has served in his current role since November 2007.  Mr. Smith will continue in his role until a replacement is found and a seamless transition is completed.

Double Eagle Petroleum Co. (NASDAQ: DBLE) announced that Kurtis Hooley, the Company’s Chief Operating Officer, assumed the position of Chief Financial Officer upon the resignation of the prior Chief Financial Officer in August 2013.  The Company believes that it needs to engage a new Chief Financial Officer so that Mr. Hooley can focus on operations.  Mr. Hooley will work with the Chief Executive Officer of the Company in identifying and hiring his successor as Chief Financial Officer.

Boston Therapeutics, Inc. (OTC: BTHE) appointed S. Colin Neill to its Board of Directors. Mr. Neill replaces Carl Lueders as chair of the Company’s Audit Committee. Mr. Lueders left the Board to spend more time with his new business venture.  Mr. Neill was, most recently, President and Chief Financial Officer of Pharmos Corporation. Mr. Neill has held the Chief Financial Officer position at several companies, including publicly held Pharmos and ClinTrials Research, as well as Axonyx and BTR Inc., a U.S. subsidiary of BTR plc. In addition, the Company named Anthony D. Squeglia as Chief Financial Officer. From 2007 to 2012, Mr. Squeglia was the Chief Financial Officer for Galectin Therapeutics and its predecessor company Pro-Pharmaceuticals. Before that, he held executive management positions at several technology companies, including ATT, ITT and Unisys.

Delivery Agent, Inc. announced the appointment of Michael Novelly as chief financial officer. Prior to Delivery Agent, Novelly was the CFO of Discover Books. Previously, he was vice president of financial planning & analysis, and served a 3-month term as interim CFO at Dolby Laboratories. He also served as CFO for media conglomerate Polygram Television. Additionally, Novelly was responsible for financial planning, analysis, reporting, budgeting and forecasting for Time Warner.

Covanta Holding Corporation (NYSE: CVA) announced that Bradford J. Helgeson will assume the position of Executive Vice President and Chief Financial Officer. Mr. Helgeson has been Covanta’s Vice President and Treasurer since 2007, and previously held senior financial positions at Waste Services, Inc., and worked in investment banking with Lehman Brothers and Donaldson, Lufkin & Jenrette. He will replace Sanjiv Khattri, who will be actively assisting in the transition.

AVEO Pharmaceuticals, Inc. (NASDAQ: AVEO) announced that David Johnston, the Company’s Chief Financial Officer, provided notice of his intention to resign from the Company effective as of December 30, 2013 to pursue a new career opportunity. Tuan Ha-Ngoc, AVEO’s President and Chief Executive Officer, will assume the role of principal financial officer until a replacement Chief Financial Officer is appointed.

RainDance Technologies, Inc. announced that Alfred G. (Alf) Merriweather has joined the company as Chief Financial Officer. Merriweather most recently served as CFO of Verinata Health prior to its acquisition by Illumina. Previously he served as CFO and in senior executive positions with several leading life science and clinical diagnostics companies, including Celera Corporation and Monogram Biosciences.

Melinta Therapeutics announced the appointment of Paul Estrem to the role of chief financial officer. Paul Estrem held several senior positions at Baxter International prior to joining Melinta. Most recently, Mr. Estrem was vice president of integration for Baxter’s Medical Products. Earlier in his tenure, Mr. Estrem served as CFO of the same Baxter’s Medical Products; CFO and vice president of strategy in Baxter Medication Delivery, a division that later became Baxter’s Medical Products; CFO of Baxter Bioscience, a specialty therapeutics division; and CFO of Baxter Ltd, a subsidiary based in Tokyo, Japan.

Precision Health Media has named Richard O’Connor as its first Chief Financial Officer. Richard was previously Co-Founder and CFO of Prime Visibility Media Group. He was previously a principal at Nakita Capital Partners and held key financial positions at Universal Domestic Television and Warner Bros, Domestic TV Distribution.

Visterra, Inc. announced that David Arkowitz has joined the company as Chief Operating Officer and Chief Financial Officer. Most recently, Mr. Arkowitz was at Mascoma Corporation since 2011 where he served as Chief Financial Officer and General Manager, Mascoma Grain Tech. Prior to joining Mascoma, he was Chief Financial Officer and Chief Business Officer of AMAG Pharmaceuticals from 2007 to 2011. Prior to his tenure at AMAG, he served as Chief Financial Officer of Idenix Pharmaceuticals from 2003 to 2007. Previously, he spent more than thirteen years at Merck & Co. including as Vice President and Controller of the U.S. sales and marketing division and as Controller of the global research and development division. Mr. Arkowitz served on the board of directors of Aegerion Pharmaceuticals and ImpactRx.

Hemispherx Biopharma, Inc. (NYSE: HEB) announced that the Board has appointed Thomas Equels as the new Chief Financial Officer. Mr. Equels currently serves as Executive Vice Chairman, Secretary and General Counsel of Hemispherx.

Versatile Systems Inc. (TSX-V: VV) announced that Kelly M. Boyer has been appointed as the Company’s Interim Chief Financial Officer. Kelly M. Boyer will replace Fraser Atkinson. Since 2010, Ms. Boyer has served as President of Kelly Boyer & Associates, Inc. Prior to beginning her consulting practice, Ms. Boyer served in various senior finance roles in companies, both public and private, in various industries including mining, manufacturing, pharmaceuticals and oil and gas.

Dyn announced the hiring of Timothy O’Toole as the company’s Chief Financial Officer (CFO). O’Toole was most recently CFO of Boston-based Rapid7, Inc. Prior to joining Rapid7, O’Toole was the CFO of Mzinga, LLC. He was also Vice President of Finance at BladeLogic Inc.

Edwards Lifesciences Corporation (NYSE: EW) announced it has chosen Scott B. Ullem as the company’s next corporate vice president, chief financial officer (CFO). Ullem will succeed Thomas M. Abate, who announced in May his planned retirement. Ullem joins Edwards from Bemis Company, Inc., where he served as vice president and CFO since 2010. He was previously vice president of finance for the company. Prior to joining Bemis, Ullem held positions of increasing responsibility in the investment banking divisions of both The Goldman Sachs Group, Inc., and Bank of America Corporation.

CFO Moves – week ending November 29, 2013

CFO Moves this week include:

CBS Outdoor Mandalay Digital Group, Inc. Dynamic Aviation
McMURRY/TMG Kony, Inc. iCAD, Inc.
Penn National Gaming, Inc. Clean Coal Technologies, Inc. Stater Bros. Markets
LaserLock Technologies, Inc. Fortinet Saratoga Resources, Inc.
First Commonwealth Financial Corporation American Realty Capital Properties, Inc. Eagle Bancorp Montana, Inc.
Premier Alliance Group, Inc. South Jersey Industries Motivating the Masses, Inc.
Markel Food Group

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 s.dergel@stantonchase.com or by phone at +1 (415) 738-2070.

+ + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + +

CBS Outdoor announced that Donald R. Shassian has been named Executive Vice President/Chief Financial Officer. Shassian was most recently Executive Vice President/Chief Financial Officer for Frontier Communications. Shassian will be supported by the current Executive Vice President, Chief Financial Officer of CBS Outdoor, Ray Nowak, who will remain in the organization and now focus exclusively on finance and accounting for U.S.-based businesses as its U.S. CFO. Previously he served as Executive Vice President/Chief Financial Officer and later Chief Operating Officer of RSL Communications, Ltd. He has also held senior-level positions with Southern New England Telecommunications Company (SNET) and Arthur Andersen.

Mandalay Digital Group, Inc. (NASDAQ: MNDL) announced that the Company has hired Jeffrey Klausner as the Company’s Chief Financial Officer. Prior to joining Mandalay Digital, he was Managing Director at Sherwood Partners. Previously he served as CFO for Razorgator.  Prior to that Mr. Klausner was CFO of InfoSonics Corp..

Dynamic Aviation announced that David Schneeman has joined the company as Chief Financial Officer. In his most recent role, Mr. Schneeman served as CFO, Treasurer and Secretary for Decision Sciences International Corporation. Prior to his work with Decision Sciences, he also served in executive-level roles with SRA International, Inc., The Mills Corporation, MCI, Inc., and UUNET Technologies, Inc. Mr. Schneeman replaces former CFO Roger Franklin who resigned to pursue other interests.

McMURRY/TMG has named David Barron Chief Financial Officer and newest member of the company’s management committee. Barron was most recently Executive Vice President and Chief Financial Officer at Publicis Kaplan Thaler. Prior to Publicis, Barron held positions with TBWA Worldwide, Time Warner, C2 Media and Arthur Andersen LLP.

Kony, Inc. announced the appointment of Matthew Hale as chief financial officer (CFO). Most recently, Hale served as CFO of Voxeo Corporation, where he was the financial lead on the sale of Voxeo to Aspect Software. Prior to Voxeo, he served as the CFO of Empower Software Solutions, where he led the sale of Empower to a private equity firm. As CFO of Limelight Technologies, Inc. Hale’s previous career includes leadership roles at S1 Corporation, CCI-Triad Systems, Inc. and Ernst & Young LLP. Hale succeeds CFO Kelly Enos who has been with the company since 2011. Enos will remain with Kony taking on a new position.

iCAD, Inc. (NASDAQ: ICAD) announced that Chief Financial Officer (CFO), Kevin Burns, has been named iCAD’s Chief Operating Officer (COO) in addition to being CFO.

Penn National Gaming, Inc. (NASDAQ: PENN) announced the appointment of Saul V. Reibstein, as Senior Vice President and Chief Financial Officer, effective December 4, 2013. Mr. Reibstein, who served as a member of the Company’s Board of Directors since June 2011 and as Chairman of the Board’s Audit Committee, succeeds William J. Clifford, who assumed the role of Chief Financial Officer of Gaming and Leisure Properties, Inc. (“GLPI”) following the spin-off of GLPI from Penn on November 1, 2013. Concurrent with the commencement of his employment as Senior Vice President and Chief Financial Officer, Mr. Reibstein will resign from the Company’s Board of Directors, reducing the size of the Board to six members. For 11 years, Mr. Reibstein served as a partner at BDO Seidman, LLP (now BDO USA, LLP). At BDO he was the partner in charge of the Philadelphia office from June 1997 to December 2001 and Regional Business Line Leader from December 2001 until September 2004. Since 2004, Mr. Reibstein has served as a member of the senior management team of CBIZ, Inc. During his tenure at CBIZ, he held a number of positions including, most recently, Senior Managing Director with responsibility for the firm’s New York practice since January 2012. In addition, since July 2010 he has served as a member of the Board of Directors of Vishay Precision Group, Inc., where he is Chairman of the Audit Committee and a member of both the Compensation and Nominating and Corporate Governance committees.

Clean Coal Technologies, Inc. (OTC: CCTC) announced that Aiden Neary has been appointed as Chief Financial Officer of the Company. His professional career started in London where he held senior financial positions at ING and Schroders bank before moving to UBS in 2000. Mr. Neary is a former Managing Director of UBS where he held several key roles, including serving as COO of its global commodities business and Chief of Staff and member of the global equity management team. David Harris

Stater Bros. Markets announced the promotion of David Harris to the position of Executive Vice President Finance, Chief Financial Officer and Principal Accounting Officer of Stater Bros. Markets. Harris joined Stater Bros. in 2009 as Vice President Finance.  In June 2011 he was promoted to Senior Vice President Finance, and in 2012 he was promoted to Senior Vice President Finance, Chief Financial Officer and Principal Accounting Officer.

LaserLock Technologies, Inc. (OTC: LLTI) announced it has hired Ed Weisberger as its new Chief Financial Officer. His past work includes time in senior positions at Igene Biotechnology, a public biotech company, and Deloitte and Touche, among others.

Fortinet (NASDAQ: FTNT) announced that Nancy Bush has been appointed as the Company’s Interim Chief Financial Officer. Ms. Bush is replacing Ahmed Rubaie, who will be departing as the Company’s Chief Financial Officer and Chief Operating Officer for personal reasons. Ms. Bush has served as Vice President and Worldwide Corporate Controller of Fortinet since December 2011. Ms. Bush also served as Interim Chief Financial Officer of Fortinet from September 2012 to April 2013. Prior to Fortinet, Ms. Bush held senior finance roles at ArcSight, Inc., Packeteer, Inc. and Maxtor Corporation.

Saratoga Resources, Inc. (NYSE: SARA) announced that Michael Aldridge has submitted his resignation as Executive Vice President and Chief Financial Officer.

First Commonwealth Financial Corporation (NYSE: FCF) announced that Robert E. Rout will retire from his position as Executive Vice President, Chief Financial Officer and Treasurer during the first half of 2014. Mr. Rout joined the organization as Chief Financial Officer in February 2010.

American Realty Capital Properties, Inc. (NASDAQ: ARCP) announced that it has appointed David S. Kay as President. Prior to his appointment, Mr. Kay, served as Chief Investment Officer and Chief Financial Officer of Capital Automotive Real Estate Services, Inc., whose predecessor, Capital Automotive REIT, Mr. Kay co-founded in October 1997. Prior to forming Capital Automotive REIT, Mr. Kay was employed by the public accounting firm of Arthur Andersen LLP for approximately 10 years. Mr. Kay is a member of the board of directors of Summit Hotel Properties, Inc. (NYSE: INN).

Eagle Bancorp Montana, Inc. (NASDAQ: EBMT), the holding company of American Federal Savings Bank, announced that Clinton J. Morrison is resigning as Chief Financial Officer effective December 31, 2013, to pursue another business opportunity. Peter J. Johnson, President and CEO will assume the CFO responsibilities during the period after Clint’s resignation. Johnson was CFO prior to being appointed to CEO in 2007.

Premier Alliance Group, Inc. appointed Mike Witt to serve as Chief Financial Officer for the Company.  Mr. Witt most recently served as CFO for Boston National Title. In addition Mr. Witt was a past CFO and Chief Accounting Officer for HSBC Mortgage Services and CFO for the Consumer Credit Division of First Union National Bank among holding other senior financial management roles with various organizations. Mike Witt replaces the current CFO, Larry Brumfield.

South Jersey Industries (NYSE: SJI) announced that Stephen H. Clark was appointed chief financial officer and treasurer of both SJI and South Jersey Gas. Clark joined SJI in 1997.

Motivating the Masses, Inc. accepted the resignation Susie Carder, who is its current President and Chief Operating Officer, as the Chief Financial Officer. Simultaneously, the company appointed Alex Henderson as the Treasurer/Chief Financial Officer and Secretary of the Corporation. From February 2010 through October 2012, Mr. Henderson was the controller at MEA Digital Worx, LLC, d/b/a Piston Agency. Prior to this, he was controller at Sequoia Solar, Inc., accounting operations manager for NTN Buzztime Inc., director of finance for Z57.com, Inc., as well as accounting manager and controller of the subsidiary, SignOnSanDiego.com. Cindy Yao

Markel Food Group announces Cindy Yao has joined the Company as Chief Financial Officer. Yao has over 18 years of experience in the financial management of large global companies including Eastman Kodak, Corning, and Bausch & Lomb, where she most recently served as the Vice President, Corporate Treasurer.

CFO Moves – week ending November 22, 2013

CFO Moves this week include:

Wal-Mart Stores, Inc. PetSmart, Inc. General Dynamics
CIRCOR International, Inc. Reply! Inc. Harris Broadcast
Active Power ArcSoft, Inc Arctic Cat Inc.
Berry Plastics Group, Inc. TapInfluence Cannabis Science, Inc.
Link Solutions, Inc. Innovolt Inc. MVB Financial Corp.
Veran Medical Technologies XO Group Inc. Alliance One International, Inc.
Iveda Solutions Brown-Forman Corporation CALIENT Technologies, Inc.
Liberty Energy Corp. Marathon Patent Group, Inc. MapR Technologies, Inc.
Fidus Investment Corporation Jasper Wireless Simulations Plus, Inc.
ARI Network Services, Inc. Mistras Group, Inc. Atlanticus Holdings Corporation
Bitzio, Inc. IDACORP, Inc. Summit Healthcare REIT, Inc.
The ServiceMaster Company AvalonBay Communities, Inc. Capital Southwest Corporation
Multimedia Games Holding Company, Inc. Rockville Financial, Inc. Texas Pacific Land Trust
Hemispherx Biopharma, Inc. Global Power Equipment Group 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 s.dergel@stantonchase.com or by phone at +1 (415) 738-2070.

+ + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + +

Wal-Mart Stores, Inc. (NYSE: WMT) announced that its board of directors has appointed Pamela Craig, retired chief financial officer of Accenture, as a new member of the company’s board. Craig will also serve as a member of the company’s Audit Committee. She served as the Accenture’s chief financial officer from October 2006 until July 1, 2013. Ms. Craig retired from Accenture on Aug. 31, 2013.

PetSmart, Inc. (NASDAQ: PETM) elected Elizabeth Nickels to fill a newly created vacancy on its Board of Directors. Nickels is currently the Executive Director of the Herman Miller Foundation and has held several executive positions with the organization for the past twelve years including President of Herman Miller Healthcare and Chief Financial Officer. She is also presently a board member of Spartan Stores, Inc. Prior to joining the Herman Miller Foundation, Nickels served as the Vice President and Chief Financial Officer of Universal Forest Products, Inc. for seven years.

General Dynamics (NYSE: GD) elected Jason W. Aiken to be senior vice president and chief financial officer of the corporation, effective Jan. 1, 2014, to succeed L. Hugh Redd II, who has informed the company of his intention to retire.  Aiken is the senior vice president and chief financial officer of Gulfstream Aerospace Corp., a wholly owned subsidiary of General Dynamics. Aiken has been senior vice president and CFO of Gulfstream since September 2011. Previously, he was vice president and controller of General Dynamics. He also had been staff vice president of accounting, responsible for financial accounting and reporting functions. Aiken joined General Dynamics in June 2002 as director of consolidation accounting.

CIRCOR International, Inc. (NYSE: CIR) announced that Rajeev Bhalla will join the Company as Executive Vice President and Chief Financial Officer on December 2, 2013. He replaces Fred Burditt, who announced his planned retirement in August 2013. Mr. Bhalla currently is the Vice President and Chief Financial Officer for Sikorsky Aircraft Corporation, a subsidiary of United Technologies Corporation, and has been since May 2012. He joined Sikorsky from United Technologies’ Pratt & Whitney division where he had served as Vice President and Chief Financial Officer since 2005 and was responsible for all financial operations worldwide. Prior to that, Mr. Bhalla served as Vice President and Corporate Controller for Lockheed Martin Corporation and as a partner with Price Waterhouse. Tim Morse

Reply! Inc. announced that it has appointed Tim Morse to the Board of Directors. Tim Morse is the former CFO and interim CEO of Yahoo! Inc. Tim spent the first 15 years of his career with General Electric Company in a variety of finance roles in the US, Europe and Asia. In January 2007 Tim became Chief Financial Officer of Altera Corporation and two and a half years later, he accepted the role of Chief Financial Officer for Yahoo! Inc. During his 3+ year tenure at Yahoo! Tim also led the Corporate Development function, and served from September 2011 to January 2012 as Interim Chief Executive Officer. Departing Yahoo! in the fall of 2012, he joined the fast-growing online advertising technology start-up Adap.tv in January 2013, which was acquired by AOL Inc.

Harris Broadcast appointed Skip Sorenson as Chief Financial Officer. Prior to Harris Broadcast, he was Executive Vice President and Chief Financial Officer for CompuCom. Before CompuCom, Mr. Sorenson was the CFO of Lineage Power, which was acquired by General Electric; and prior to Lineage, he served as the Senior Vice President and Chief Accounting Officer at AECOM Technology. He joined AECOM after serving as Executive Vice President and CFO at Vought Aircraft. Mr. Sorenson also worked for Dell Inc., holding several leadership positions in finance and internal audit, and spent 15 years in the aerospace and defense industry with AlliedSignal, McDonnell Douglas and Newport News Shipbuilding.

Active Power (NASDAQ: ACPW) announced it has named Jay Powers as CFO and vice president of Finance effective Dec. 4, 2013. Steve Fife, current CFO and vice president of Finance, will remain with the company through the end of the year. Powers most recently served as senior vice president of Finance of the U.S. Windows and Doors division of PlyGem Industries. From 2006-2013, Powers was at Xerium Technologies as vice president and global controller. Prior to Xerium, Powers held a number of executive finance roles including vice president of Internal Audit at Invensys PLC.

ArcSoft, Inc. appointed Ralph Harms as Chief Financial Officer. Harms’ background includes senior management roles leading, managing and directing finance and administration for U.S., European and Asian technology companies. He has demonstrated strong ability in startup and high-growth operations and has taken four companies public and completed several acquisitions.

Arctic Cat Inc. (NASDAQ: ACAT) announced that Chief Financial Officer Tim Delmore has announced his intention to retire from Arctic Cat effective May 31, 2014. Delmore will continue to oversee his current responsibilities until his retirement.

Berry Plastics Group, Inc. (NYSE: BERY), announced that Jim Kratochvil, Chief Financial Officer, has decided to retire effective January 2, 2014. The Company has elected Mark Miles, who currently serves as Executive Vice President, Controller and Treasurer, to replace Kratochvil as Chief Financial Officer. Miles joined Berry Plastics more than 15 years ago as Corporate Controller. Prior to joining the Company, Miles was an Audit Manager for Ernst & Young and a Controller at USA Group.

TapInfluence announced it has hired Pat Benner as CFO. Benner began his career as a CPA with Ernst & Young. During his tenure at NexGen Storage, Benner managed its sale to Fusion-io. He has spent over 10 years as CFO in venture-backed and mid-market private companies, as well as division CFO at a Fortune 50 company.

Cannabis Science, Inc. (OTC: CBIS) announced the appointment of Robert Kane as its new Chief Financial Officer, also joining the Company’s Board of Directors.  Cannabis Science President, Dr. Robert Melamede, previously held the role of interim CFO.

Link Solutions, Inc. announced that it has appointed David Thornton as Chief Financial Officer. Dave is the former EVP/CFO of Catapult Technologies.  Prior to joining Catapult, he held senior and executive level positions in companies’ as diverse in size as CACI, Alpha Insight, and IMC.

Innovolt Inc. announced Jun Ho Son has been appointed the company’s Chief Financial Officer. Son joins Innovolt after eight years at IBM Corporation where he led strategic planning and business development for IBM Global Technology Services. Son’s career has also included director positions with LTX Corporation, where he held corporate development, finance and treasury responsibilities, as well as an investment banker at Morgan Stanley.

MVB Financial Corp. (OTC: MVBF) announced that banking executive Bret S. Price has joined the financial holding company as Senior Vice President and Chief Financial Officer (CFO).  Price succeeds long-time CFO Eric Tichenor who will remain at MVB Bank as Senior Vice President of Bank Internal Operations, Chief Financial Officer and Treasurer to oversee the bank’s growing internal operations. Most recently, Price was vice president for Founders Investment Banking in Birmingham, Alabama. Previously, he held leadership positions with financial institutions throughout the country including BBVA Compass Bank, Associated Banc-Corp and Regions Financial Corporation (formerly AmSouth Bancorporation).

Veran Medical Technologies announced that Curt Hartman, former Chief Financial Officer at Stryker Corporation, was appointed to the company’s Board of Directors. Mr. Hartman is currently a member of the Board of Directors of Devicor Medical Products. Previously, Mr. Hartman held a number of positions of increasing responsibility during a 22-year career with Stryker Corporation. During his tenure he spent four years as the chief financial officer at Stryker Corporation, preceded by nine years as President of the Stryker Instruments Division.

XO Group Inc. (NYSE: XOXO) announced that Gillian Munson will join the Company as its Chief Financial Officer.  Ms. Munson will replace John Mueller. Ms. Munson will join XO Group from Allen & Company LLC, where she is a Managing Director. Prior to Allen & Company LLC, Gillian was Vice President of Corporate Business Development for Symbol Technologies. Before Symbol, Ms. Munson was an Executive Director and Senior Equity Analyst at Morgan Stanley.  Ms. Munson started her career at Hambrecht & Quist as a Research Associate.

Alliance One International, Inc. (NYSE: AOI) announced that Robert A. Sheets, Executive Vice President – Chief Financial Officer and Chief Administrative Officer, will be retiring from the Company after more than 15 years of service. Mr. Sheets is relinquishing his role as Chief Financial Officer effective December 31, 2013, but will remain as Executive Vice President – Chief Administrative Officer for a transition period. Joel L. Thomas, currently Vice President – Treasurer, is being promoted to the role of Executive Vice President – Chief Financial Officer, effective January 1, 2014. Mr. Thomas joined Alliance One in December 2005 as Vice President – Treasurer. Prior to joining the Company, Mr. Thomas worked for Wachovia Securities for 10 years in their investment banking group.

Iveda Solutions (OTC: IVDA) announced that Bob Brilon will join the Company’s management team as chief financial officer (CFO) and executive vice president (EVP) of business development. Brilon will also serve as the Company’s treasurer. From December 2008 until August 2010, he served as the Company’s part-time CFO. Due to other commitments, Brilon left when the Company needed to hire a full time CFO. In May 2011, the Company was again in need of a CFO, and Brilon came back as a consultant until the Company hired a replacement. Brilon currently serves as CFO and EVP of business development for Brain State Technologies. Brilon also served as the CEO and CFO for InPlay Technologies, from 1998 to 2007. Other positions held include CFO at Gietz Master Builders, corporate controller at Rental Service Corp. and CFO and vice president of operations at DataHand Systems, Inc. Brilon was also CFO at Go-Video.

Brown-Forman Corporation (NYSE: BFB) announced that Chief Financial Officer Don Berg is retiring from the company at the end of the current fiscal year, April 30, 2014. He will hand off his duties as CFO to his successor on January 31, 2014 and will assist in the orderly transition of the CFO responsibilities through his retirement date. As part of this transition, Brown-Forman also announced that Jane Morreau has been named to succeed Berg as executive vice president and chief financial officer, effective February 1, 2014. Morreau has been with Brown-Forman for over 22 years, most recently in a leadership developmental assignment as senior vice president and chief production officer. Prior to becoming chief production officer early this year, she was SVP, chief accounting officer and director of finance, accounting and technology. Before joining Brown-Forman, Morreau spent over 11 years at Kentucky Fried Chicken Corporation (now known as YUM! Brands).

CALIENT Technologies, Inc. announced that in addition to his current role as CFO, Jag Setlur will assume the title of Chief Operating Officer (COO), which is a new position for the company. Setlur was named CFO of CALIENT earlier this year. Setlur is accustomed to serving as both CFO and COO. Prior to joining CALIENT, he served as COO and CFO at July Systems.

Liberty Energy Corp. (OTC: LBYE) announced the appointment of Armando Buchanan as CFO of Liberty. Mr. Buchanan is currently the Chief Financial Officer for Eagle Ford Oil Co., Inc. Mr. Buchanan has served in the office of Vice President of Investments with JP Morgan Chase and as a Wealth Manager at UBS. Mr. Buchanan held several consulting executive positions as a project manager for Buchanan Ventures, Inc.  He also served as VP of Fortune Exploration.

Marathon Patent Group, Inc. (OTC: MARA) announced the addition of Richard Raisig as the Company’s Chief Financial Officer. Most recently, Mr. Raisig was the CFO of Petrosonic Energy, Inc. Previously, Mr. Raisig was CFO with Connexed Technologies, Inc. and Aurora Systems, Inc. Mr. Raisig was also the first CFO at Microvision, Inc. Mr. Raisig’s career also includes work as an investment banker with Dean Witter Reynolds and in public accounting with Price Waterhouse. John Stetson, the Company’s current Chief Financial Officer, will take the position of Executive Vice President at Marathon.Dan Atler

MapR Technologies, Inc. announced the appointment of Dan Atler as Chief Financial Officer. Atler most recently served as CFO for Meraki, acquired by Cisco. Previously he was CFO at Ikanos and Silicon Image. Additionally, he served as CFO to LitePoint, acquired by Teradyne, and Wireless Access, acquired by Glenayre, and as Controller for Global Village Communication.

Fidus Investment Corporation (NASDAQ: FDUS) announced that Cary L. Schaefer, the Company’s chief financial officer and chief compliance officer, will transition from chief financial officer to a full-time senior investment professional role for the Company’s investment adviser, Fidus Investment Advisors, LLC. Until the Company names a replacement, Ms. Schaefer will continue to perform the duties of the CFO. Ms. Schaefer will remain the Company’s chief compliance officer.

Jasper Wireless announced that it has appointed Rajat Bahri as its Chief Financial Officer. Rajat was CFO of Trimble Navigation from 2005 to 2013, and 15 years in a number of roles within the financial organization at Kraft Foods, Inc.

Simulations Plus, Inc. (NASDAQ: SLP) announced that Momoko Beran has notified the board of directors of her plan to retire effective as of January 15, 2014. The board of directors has appointed John R. Kneisel as new Chief Financial Officer.

ARI Network Services, Inc. (OTC: ARIS) announced that it has appointed William A. Nurthen as the Company’s Chief Financial Officer. Mr. Nurthen has served as Chief Financial Officer of Cabrera Capital Markets, LLC since January 2011. From July 2008 to January 2011, Mr. Nurthen was Chief Financial Officer of BioLytical Laboratories Inc. From 1999 to December 2007, he served in positions of increasing responsibility, including Chief Financial Officer, of Inforte Corp. Mr. Nurthen currently serves as an advisory board member of Sakonent Partners LLC. Nurthen replaces Darin R. Janecek.

Mistras Group, Inc. (NYSE: MG) announced that Jonathan H. Wolk became the Executive Vice President, Chief Financial Officer and Treasurer of the Company. Mr. Wolk was the senior vice president, chief financial officer and secretary of American Woodmark Corporation from 2004 until August 2013.  Prior to American Woodmark, Mr. Wolk served as chief financial officer and treasurer of TradeCard, Inc. from 2000 to 2004, and was the global controller of GE Capital Real Estate from 1998 to 2000.  Mr. Wolk started his career in public accounting at KPMG.

Atlanticus Holdings Corporation (NASDAQ: ATLC) reported that J. Paul Whitehead, III announced his resignation as Chief Financial Officer of the Company, effective December 31, 2013. Mr. Whitehead has served as the Company’s Chief Financial Officer since 2002. The Company also announced the appointment of William R. McCamey as Chief Financial Officer. These appointments will become effective on January 1, 2014. Mr. McCamey, age 44, has served as the Company’s Treasurer since 2004.

Bitzio, Inc. (OTC: BTZO) announced that Hubert Blanchette resigned from his position as Chief Executive Officer and Chief Financial Officer. Mr. Blanchette will remain a member of the Board of Directors. The board of directors appointed Marilu Brassington to serve as its Chief Financial Officer. Ms. Brassington was also appointed to the board of directors. Since 2010 Ms. Brassington has been employed as co-chief executive and financial officer of E-motion Apparel, Inc. From 2005 to 2007 Ms. Brassington was employed as chief financial officer of Givefun.com, then from 2007 to 2008 was engaged by Gifts.com/IAC as a consultant. From 2002 to 2005 Ms. Brassington was employed as a Controller by Societe Generale, Investment banking Division. From 1998 to 2001 Ms. Brassington was employed as an auditor by Deloitte & Touche.

IDACORP, Inc. (NYSE: IDA) announced the appointment of Darrel Anderson, IDACORP Executive Vice President – Administrative Services and Chief Financial Officer and Idaho Power President and Chief Financial Officer, to succeed J. LaMont Keen as President and CEO of IDACORP effective May 1, 2014, and as President and CEO of Idaho Power effective Jan. 1, 2014. Additionally on Nov. 21 the boards of directors promoted Steven R. Keen to Senior Vice President, Chief Financial Officer, and Treasurer of Idaho Power effective January 1, 2014 and of IDACORP effective May 1, 2014, from his current roles as Vice President – Finance and Treasurer of IDACORP and Senior Vice President – Finance and Treasurer of Idaho Power.

Summit Healthcare REIT, Inc. announced that Timothy Collins, the Interim Chief Financial Officer since August 1, 2012, resigned from that position. Dominic J. Petrucci will serve as the Company’s Interim Chief Financial Officer. In 2013, Mr. Petrucci founded Kairos Partners as an investment and advisory firm. From 2008 through 2012, Mr. Petrucci served as chief financial officer and chief operating officer for real estate investment management firm Buchanan Street Partners.  Prior to his tenure at Buchanan Street Mr. Petrucci spent six years at Cornerstone Real Estate Funds, an affiliate of the Company, initially serving as senior vice president for real estate investments and later as chief operating officer. In addition Mr. Petrucci previously held executive positions with The Koll Companies and Kitchell Corporation, including a position as President of Koll’s Intermountain Region.  He has served as chief financial officer of Koll Construction and Kitchell Corporation, and held accounting and finance positions earlier in his career.

The ServiceMaster Company (NYSE: SVM) announced that it has appointed David W. Martin as Senior Vice President and Chief Financial Officer of its TruGreen business.

AvalonBay Communities, Inc. (NYSE: AVB) reported that Thomas J. Sargeant, the Company’s Chief Financial Officer, announced his plans to retire from the Company effective May 31, 2014.  Mr. Sargeant has been with the Company, including its predecessors, for 28 years and has served as Chief Financial Officer for the past 19 years. The Company also announced today that its Board has appointed Kevin P. O’Shea, the Company’s Executive Vice President of Capital Markets, to succeed Mr. Sargeant as Chief Financial Officer, effective upon Mr. Sargeant’s retirement.  Mr. O’Shea joined AvalonBay in 2003.

Capital Southwest Corporation (NASDAQ: CSWC) announced the appointment of Kelly Tacke as Senior Vice President, Chief Financial Officer, and Treasurer.  Ms. Tacke is replacing Tracy Morris, who is leaving the company to pursue other opportunities. Ms. Tacke has previously served as Executive Vice President and Chief Financial Officer of Palm Harbor Homes, Inc., and as Chief Financial Officer of AMC REIT, Inc.  Ms. Tacke began her career with PricewaterhouseCoopers where she was a senior audit manager.

Multimedia Games Holding Company, Inc. (NASDAQ: MGAM) appointed Adam D. Chibib to the position of President of the Company. Mr. Chibib will continue to serve as the Company’s Chief Financial Officer.

Rockville Financial, Inc. (NASDAQ:RCKB) appointed Eric R. Newell as Executive Vice President, Chief Financial Officer of the Registrant and Rockville Bank.  Mr. Newell replaces former Chief Financial Officer, John T. Lund. Mr. Newell was formerly Executive Vice President, Head of Treasury and Corporate Strategy with the company since May 6, 2013.  He came to the company in May 2011 as Vice President, Treasury Officer.  He previously served as Assistant Vice President and Special Situations Research Analyst for Alliance Bernstein, L.P. from May 2010 to May, 2011.  Prior to that he worked for Fitch Ratings from October 2006 to May 2010.  Mr. Newell’s position at Fitch Ratings was Financial Institutions Analyst.  Prior to working for Fitch Ratings, he worked for the Federal Deposit Insurance Corporation.

Texas Pacific Land Trust (NYSE: TPL) announced that Roy Thomas, General Agent and Chief Executive Officer of the Trust, informed the Trust that he intends to retire from those positions effective December 31, 2013. David M. Peterson, was appointed General Agent and Chief Executive Officer of the Trust, effective January 1, 2014.  Mr. Peterson will continue to serve as Chief Financial Officer of the Trust until a successor is appointed to that position.

Hemispherx Biopharma, Inc. (NYSE: HEB) announced that Charles T. Bernhardt resigned as Chief Financial Officer and Chief Accounting Officer of Hemispherx Biopharma, Inc. effective December 27, 2013.

Global Power Equipment Group Inc. (NASDAQ: GLPW) announced that it has named Raymond (“Randy”) K. Guba as Senior Vice President and Chief Financial Officer. He will be replacing David L. Willis, who will remain with the Company for a period of time to ensure a smooth transition. Most recently, Mr. Guba was Executive Vice President, Chief Financial Officer of FTS International. Previously, he was Executive Vice President and Chief Financial and Administrative Officer with Integrated Electrical Services. Mr. Guba began his career as a public accountant, and then joined General Electric Company in 1986. He spent 19 years at GE in progressively advancing roles to include CFO of Auto Financials Services in Tokyo and Manager of Finance (CFO) for GE Energy’s Installations and Field Services.

CFO Moves – week ending November 15, 2013

CFO Moves this week include:

Motorola Solutions, Inc. The Western Union Company Bristol-Myers Squibb Company
Tiffany & Co. Willdan Group, Inc. Bemis Company, Inc.
RockStar Resources, Inc. Rent-A-Center, Inc. HCA
Cleaver-Brooks, Inc. Booker Western Digital® Corp.
Catabasis Pharmaceuticals, Inc. Media General, Inc. Videology
Magellan Midstream Partners, L.P. MLV & Co. Aviv REIT, Inc.
DuPont Fabros Technology, Inc. Klondex Mines Ltd. Apttus
ClearCorrect, LLC PaySpan®, Inc. The ExOne Company
CTS Corporation Vistronix Aratana Therapeutics, Inc.
Actinium Pharmaceuticals, Inc. Astrotech Corporation StemCells, Inc.
BG Medicine, Inc. Ener-Core, Inc. State Fund
Amyris, Inc. Save The World Air, Inc. Suburban Propane Partners, L.P.
Nelnet Medivation, Inc. Digimarc Corporation

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 s.dergel@stantonchase.com or by phone at +1 (415) 738-2070.

+ + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + +

Motorola Solutions, Inc. (NYSE: MSI) announced that Gino A. Bonanotte, acting chief financial officer and corporate vice president, has been named chief financial officer and executive vice president. Bonanotte was named to the acting CFO role in August. Bonanotte joined Motorola in 1988 and previously served as corporate vice president overseeing financial operations for the company’s sales and product operations organization. He has served on the board of directors for Vertex and other joint ventures in Latin America.

The Western Union Company (NYSE: WU) announced that Scott T. Scheirman, Executive Vice President and Chief Financial Officer, will be leaving the company on February 28, 2014. Mr. Scheirman will serve as the Chief Financial Officer through December 31, 2013, and then he will serve as a senior advisor to the Company during the transition. Raj K. Agrawal, currently Executive Vice President, and President of Western Union Business Solutions, will serve as Interim Chief Financial Officer, effective January 1, 2014. Mr. Agrawal joined the Company in 2006 and has served as an Executive Vice President of the Company since November 2011, and President, Western Union Business Solutions since August 2011. Mr. Agrawal served as General Manager, Western Union Business Solutions, since November 2010, and as Senior Vice President of Finance, from August 2010 to November 2010. Previously, Mr. Agrawal served as Senior Vice President of Finance for the Company’s Europe, Middle East, and Africa and Asia Pacific regions from July 2008 to August 2010, and as Senior Vice President and Treasurer of Western Union, from June 2006 to May 2008.

Bristol-Myers Squibb Company (NYSE: BMY) announced that Charles Bancroft, executive vice president and chief financial officer, will take on an expanded role that includes the Business Development and Strategy groups.

Tiffany & Co. (NYSE: TIF) announced that Patrick F. McGuiness, its Chief Financial Officer has resigned that position effective November 27, 2013. James N. Fernandez, the Executive Vice President and Chief Operating Officer will assume the position of Chief Financial Officer (principal financial officer) on an interim basis effective November 27, 2013. Mr. Fernandez joined Tiffany in 1983 and held various positions in financial planning and management prior to his appointment as Senior Vice President – Chief Financial Officer in 1989. In 1998 he was promoted to Executive Vice President – Chief Financial Officer. In June 2011 he was promoted to Executive Vice President and Chief Operating Officer and Mr. McGuiness replaced him in the role of Chief Financial Officer. Since that time, Mr. McGuiness has reported to Mr. Fernandez.

Willdan Group, Inc. (NASDAQ: WLDN) announced the promotion of Stacy B. McLaughlin to Chief Financial Officer from her previous position as the company’s Compliance Manager. Prior to joining Willdan, Mrs. McLaughlin was, from 2009 to 2010, Senior Associate at Windes & McClaughry Accountancy Corporation and, from 2004 to 2009, Senior Audit Associate at the public accounting firm KPMG, LLP.

Bemis Company, Inc. (NYSE: BMS) announced that Scott B. Ullem has resigned as its Vice President and Chief Financial Officer in order to pursue other professional opportunities. Mr. Ullem will continue as an employee through the end of the year to provide for a smooth transition. In the interim, Jerry Krempa, the Company’s Vice President and Controller, will also serve as the Company’s principal financial officer.

RockStar Resources, Inc. announced that Elizabeth M. Druffel has been named the Company’s new Chief Financial Officer. Druffel most recently served as the former Treasurer and Chief Accountant of Coeur d’Alene Mines Corporation. She also was previously employed as an Audit Senior Manager with KPMG LLP and is a Certified Public Accountant.

Rent-A-Center, Inc. (NASDAQ: RCII) announced that the Board of Directors has selected Robert D. Davis, the Company’s current Chief Financial Officer, to become Chief Executive Officer on February 1, 2014. Mr. Davis also has been elected to the Company’s Board. Mr. Davis has served as the Company’s Executive Vice President – Finance since February 2008 and has served as the Company’s Chief Financial Officer since March 1999. The Company also announced that Michael S. Wilding, the Company’s current Senior Vice President – Accounting and Global Controller, will serve as Interim Chief Financial Officer, effective February 1, 2014.

HCA (NYSE: HCA) announced the appointment of Robert F. Carrel as President of HCA’s Richmond, Va.-based Capital Division, effective January 1, 2014. Carrel, who has served as Chief Financial Officer of the Capital Division since 2006. As CFO of HCA’s Capital Division, Carrel has been responsible for the division’s financial operations for the last eight years. Prior to that, he was CFO of HCA’s Fort Myers market from 2003 through 2005. From 2000 to 2003, Carrel served as CFO of Saint Vincent Hospital, a non-HCA facility in Worcestor, Mass. Carrel began his career with HCA in 1991 as Assistant Controller for Aventura Hospital & Medical Center in Aventura, Fla. He later served as CFO of several other HCA hospitals in South Florida.

Cleaver-Brooks, Inc. announced that John Oakley has joined the company as Chief Financial Officer. Previously, Mr. Oakley was President, Chief Financial Officer and Director for Flanders Corp. He has also served as the Chief Financial Officer at Nexxus Lighting and Senior Vice President, Chief Financial Officer and Director at Home Meridian International. Mr. Oakley began his career with Arthur Andersen, LLP, and gaining experience as Corporate Controller for Collins & Aikman Floorcoverings and as Treasurer for Pulaski Furniture Corp.

Booker announced that it has added Bill Smith as Chief Financial Officer. Bill was most recently CFO of Antenna Software, Inc. until its sale to Pegasystems, Inc. in October 2013. Prior to that, he was CFO of KAYAK Software, Inc.

Western Digital Corp. (NASDAQ: WDC) announced that Tim Leyden has been named chief financial officer. Leyden has served Western Digital for more than 23 years in a variety of leadership positions, including tenures as CFO from 2007 to 2010 and chief operating officer from 2010 to 2012. At the time of Western Digital’s acquisition of HGST in 2012, Leyden was named president of the WD subsidiary. Leyden will succeed Wolfgang Nickl, who is resigning as CFO, effective Nov. 17, to join ASML in his native Europe.

Catabasis Pharmaceuticals, Inc. announced that it has named Ian Sanderson its chief financial officer. Prior to joining Catabasis, Mr. Sanderson was a senior adviser at JSB-Partners, L.P. Prior to JSB-Partners, Mr. Sanderson was a managing director at Cowen and Company, LLC. Mr. Sanderson began his life sciences career in healthcare investment banking at Cowen and Company and at Houlihan Lokey Howard and Zukin, and in financial operations at U.S. Surgical Corporation (now Covidien). Mr. Sanderson also served as a director of development-stage, drug delivery technology company Spherics, Inc.

Media General, Inc. (NYSE: MEG) announced that James F. Woodward has been named a Senior Vice President, effective immediately. Mr. Woodward will continue in his role as chief financial officer, a position he has held since 2011. Mr. Woodward served as group vice president for Media General’s former growth and performance group from 2009-2011. Before that, he was director of corporate human resources from 1999-2009. He was elected a corporate vice president in 2005. During his 30 years with Media General, he has served as staff accountant, audit manager, assistant controller of Richmond Newspapers, and manager of human resources systems for the finance department.

Videology announced that it has hired Scott Macleod as Chief Financial Officer. Macleod was a Managing Director and founding member of Merrill Lynch’s Global Communications Group and founded Merrill Lynch’s Asia Pacific Telecoms practice.  Macleod later joined Rothschild as a Managing Director and Head of the North American Telecom Group. Macleod joined Nexlink Communications (later renamed XO Communications) where he ran Corporate Development.  He later became Chief Financial Officer of SkyTerra Communications.  Since 2010, Macleod has continued to provide strategic and investment advisory services including assisting companies (most recently Uniloc Luxembourg) in pursuing their strategic and financing alternatives.

Magellan Midstream Partners, L.P. (NYSE: MMP) announced that Michael Osborne will join the partnership to replace John Chandler, current chief financial officer, upon Chandler’s previously-announced departure from the company on March 31, 2014. Osborne has spent his entire career with Ernst & Young LLP, serving as an audit partner for the past 11 years. Osborne will join the partnership on Nov. 18, 2013, transitioning to the chief financial officer role in late March 2014.

MLV & Co. announced that Ron Ormand, Co-Founder and former Executive Vice President, Chief Financial Officer and Head of Capital Markets of Magnum Hunter Resources Corporation, has joined the firm’s Energy Investment Banking Group as a Managing Director.  In addition, Mr. Ormand will also be a Principal in 1055 Partners, MLV’s principal investment arm. Prior to MHR, Mr. Ormand was Managing Director and Group Head of U.S. Oil and Gas Investment Banking at CIBC World Markets and Oppenheimer from 1988-2004 and at West LB A.G. from 2005-2007. Mr. Ormand also previously served as President and Chief Financial Officer of Tremisis Energy Acquisition Corp. II. Mr. Ormand also served as member of Board of Directors of Greenhunter Resources, Inc. from 2011-2013; Tremisis from 2007-2009 and Eureka Hunter Holdings, Inc. from 2010-2013.

Aviv REIT, Inc. (NYSE: AVIV) announced that it has hired Mark L. Wetzel as Chief Financial Officer and Treasurer of the Company. Mr. Wetzel replaces James H. Lyman, the Company’s previous Chief Financial Officer and Treasurer. Mr. Wetzel served as Executive Vice President, Chief Financial Officer and Treasurer of DuPont Fabros Technology, Inc. from 2008 to 2013.  From 2006 to 2007, Mr. Wetzel was the Chief Financial Officer of Vornado Realty Trust’s Merchandise Mart division. From 1994 to 2006, Mr. Wetzel served in various senior executive financial positions with Equity Residential, most recently serving as Senior Vice President and Chief Accounting Officer. From 1982 to 1994, Mr. Wetzel served in various positions in the real estate and public accounting industries. 

DuPont Fabros Technology, Inc. (NYSE: DFT), announced that Jeffrey H. Foster has been named as Executive Vice President and Chief Financial Officer of DuPont Fabros Technology, Inc., replacing Mark Wetzel who resigned his position with the Company to pursue another opportunity. Jeff Foster joined DFT in July 2007 and has been the Company’s Chief Accounting Officer since its initial public offering in October 2007.  Prior to joining DFT, Mr. Foster served as Senior Vice President and Chief Accounting Officer of Global Signal, Inc., now part of Crown Castle International Corp. He also has held senior positions with Danka Office Imaging, Progress Telecom Corporation, Florida Power Corporation and GTE Corporation.

Klondex Mines Ltd. (OTC: KLNDF) announced that Barry Dahl has been appointed Chief Financial Officer. Mr. Dahl joins Klondex after being CFO of Argonaut Gold, Inc. for nearly four years. He replaces Jorge Avelino who will continue to serve Klondex as Corporate Controller and Corporate Secretary as Mr. Dahl transitions into the company.  Prior to Argonaut, Mr. Dahl served as Andean Resources Corporate Controller in 2009, Hettinger Welding LLC Corporate Controller and CFO (2007 — 2009), and the Meridian Gold Inc. Director of External Reporting and Internal Controls (2003 — 2007).

Apttus announced it has appointed Jeff Van Zanten as chief financial officer (CFO). Previous to Apttus, Jeff was CFO at software firm Coverity. Prior to Coverity, he served as CFO for Symphony Services Corporation. Previous to Symphony Services, Jeff served as EVP Global Finance for Scient.

ClearCorrect, LLC announced the addition of Edward W. Hlousek as its new Chief Financial Officer. Prior to joining the ClearCorrect team, Edward was a Consulting and Audit Partner at Deloitte, McConnell & Jones, and Arthur Andersen.

PaySpan, Inc. announced that Cheryl King has joined the company as CFO. King has more than 25 years of financial management and operational business experience supporting global organizations, including her prior Group CFO role at First Data Corporation.

The ExOne Company (NASDAQ: XONE) announced that Brian W. Smith will join ExOne as Chief Financial Officer and Treasurer on January 1, 2014. John Irvin, the Company’s current Chief Financial Officer and Treasurer, will assume the role of Special Advisor to the Chairman. Upon assuming his new role, he will remain on the Company’s Board of Directors. Brian W. Smith will join ExOne upon departing as an Assurance Client Service Partner with PricewaterhouseCoopers (“PwC”), where he serves in the firm’s Pittsburgh, PA office. Mr. Smith joined PwC in 1984, was admitted as a Partner in 1995. Mr. Smith held various leadership roles within PwC, including leading initiatives in specific consumer and industrial product sectors.

CTS Corporation (NYSE: CTS) announced that Thomas A. Kroll, Vice President and Chief Financial Officer has notified the Company of his intention to retire from the Company, effective March 31, 2014. The Board of Directors has appointed Ashish Agrawal Vice President and Chief Financial Officer of the Company. Mr. Agrawal will serve as both the Company’s principal financial officer and principal accounting officer. Mr. Agrawal was elected Vice President Treasury and Corporate Development on June 13, 2011. Prior to this employment with CTS Corporation, Mr. Agrawal served as Senior Vice President and Chief Financial Officer with Dometic Corporation from December 2007. Holly Beveridge

Vistronix announced that Holly Asher Beveridge has joined the company as Chief Financial Officer. Prior to joining Vistronix, Beveridge spent the last five years as Chief Financial Officer of Trinity Technology Group, and previous five years as Chief Financial Officer of Dimensions International Inc.

Aratana Therapeutics, Inc. (NASDAQ: PETX) announced that it has appointed Craig Tooman to the position of Chief Financial Officer. Louise Mawhinney, former CFO of Aratana, will remain with the company. Immediately prior to his joining the executive team, Mr. Tooman had served as a Director and Chairman of Aratana’s Audit Committee; he served as a member of the Board of Directors from March 2012 until his appointment as Chief Financial Officer. Mr. Tooman will also transition from his current position of CEO of Avanzar Medical, Inc., an oncology company, to focus on Aratana. Previously, Mr. Tooman held executive positions at large pharmaceutical companies, including Pharmacia and Upjohn, and served as the CFO of Enzon Pharmaceuticals and Ikaria.

Actinium Pharmaceuticals, Inc. (OTC: ATNM) announced the appointment of Richard I. Steinhart to its board of directors (Board). The Board also named Mr. Steinhart as Chairman of the Board’s Audit Committee and a member of the Board’s Compensation Committee. Mr. Steinhart has been employed by MELA Sciences, Inc, as their Vice President, Finance and Chief Financial Officer, Treasurer and Secretary since April 2006 and in April 2012, Mr. Steinhart received a promotion to Sr. Vice President, Finance. From May 1992 until joining the MELA Sciences Mr. Steinhart was a Managing Director of Forest Street Capital/SAE Ventures. Prior to Forest Street Capital/SAE Ventures, he was Vice President and Chief Financial Officer of Emisphere Technologies, Inc. Mr. Steinhart’s other experience includes seven years at CW Group, Inc., a venture capital firm focused on medical technology and biopharmaceutical companies, where he was a General Partner and Chief Financial Officer. Until December 2011, Mr. Steinhart served on the Board of Manhattan Pharmaceuticals, Inc., a biopharmaceutical company and was Chairman of its Audit Committee.

Astrotech Corporation (NASDAQ: ASTC) announced that it has appointed Eric Stober as Chief Financial Officer (“CFO”) of the Company. Mr. Stober joined Astrotech Corporation in August of 2008 as a Senior Staff Financial Analyst. In the same year, he was promoted to Principal Financial Analyst and from 2012 to the present, Mr. Stober served as Vice President of Corporate Development. Prior to joining Astrotech Corporation, he worked at the private equity firm Virtus Financial Group. Additionally, Mr. Stober founded or co-founded several companies, including a web advertising company, a small business tax and financial advisory firm, a sports-based media and entertainment company, and a service provider sourcing company. Mr. Stober began his professional career working for both The Ayco Company, a Goldman Sachs company, and Lehman Brothers.

StemCells, Inc. (NASDAQ: STEM) announced that Greg Schiffman will join its executive team as Chief Financial Officer and Executive Vice President of Finance, effective January 1, 2014. Mr. Schiffman has over fifteen years of experience leading the financial operations and strategy of global publicly-traded companies such as Affymetrix and Applied Biosystems. Most recently, Mr. Schiffman was Executive Vice President and CFO of Dendreon Corporation since 2007. Before entering the healthcare field, Mr. Schiffman held roles of increasing responsibility within Hewlett Packard, where he served as controller of its European P.C. manufacturing and distribution operations in Grenoble, France, and as manufacturing manager and controller of its Netmetrix Division. Mr. Schiffman will succeed Rodney Young, who is leaving the Company to pursue other opportunities.

BG Medicine, Inc. (NASDAQ: BGMD) announced that its Board of Directors has appointed Stephen P. Hall, as the company’s Executive Vice President, Chief Financial Officer. Mr. Hall most recently held the position of Vice President Finance — Treasurer, Principal Financial and Chief Accounting Officer at Stemline Therapeutics. Prior to joining Stemline Therapeutics, Mr. Hall served as Chief Financial Officer at both life science and medical device companies, including Orthocon, Inc., Helicos BioSciences Corporation, TriPath Imaging, Inc., and Colorado MEDtech. Mr. Hall will replace Charles Abdalian, who has served as BG Medicine’s CFO since October 2012.

Ener-Core, Inc. (OTC: ENCR) announced the appointment of Kelly Anderson as Chief Financial Officer and Treasurer of the Company. Previously, between April 2010 and February 2012, Ms. Anderson was the President and Chief Financial Officer of T3 Motion, Inc.  Prior to that, Ms. Anderson served as T3’s Executive Vice President and Chief Financial Officer and as a director from January 2009 until January 2010.  From 2006 until 2008, Ms. Anderson was Vice President at Experian.  From 2004 until 2006, Ms. Anderson was Chief Accounting Officer for TripleNet Properties, G REIT, Inc., T REIT, Inc., NNN 2002 Value Fund, LLC, and Chief Financial Officer of NNN 2003 Value Fund, LLC and A REIT, Inc., all of which were real estate investment funds managed by TripleNet Properties.  From 1996 to 2004, Ms. Anderson held senior financial positions with The First American Corp.   Ms. Anderson replaces James Thorburn, whose contract as interim CFO was recently completed.

State Fund announced that Dan Sevilla, CFO, will resign from State Fund. Sevilla will step away from overseeing day-to-day operations immediately but will remain available for advice and consultation until the end of the year. The Board announced that it has appointed Pete Guastamachio as interim CFO. Guastamachio joined State Fund in 2009 and is State Fund’s Chief Investment Officer. He has more than 30 years experience in the financial world having served as vice president-assistant portfolio manager for Bank of the West. He also served in a variety of positions with Argonaut Insurance.

Amyris, Inc. (NASDAQ: AMRS) announced that Paulo Diniz, currently President of Amyris Brasil, will become Amyris’s Chief Financial Officer (CFO) on an interim basis following the decision of its current CFO, Steve Mills, to step down for personal reasons. Mr. Diniz will assume the new responsibilities by December 15, 2013, at which time Mr. Mills will transition to an advisory role with the Company. Mr. Diniz will become Amyris’s Chief Financial Officer upon Mr. Mills’ resignation. He joined Amyris as President of the Company’s Brazilian subsidiary in early 2011, following a successful career as, among other things, the CFO of two agribusiness leaders: Bunge Brasil and Cosan.

Save The World Air, Inc. (OTC: ZERO) announced that Greggory M. Bigger, Chief Financial Officer and President was appointed by the Board to serve as the Company’s Chief Executive Officer and Interim Chairman of the Board.

Suburban Propane Partners, L.P. (NYSE: SPH) announced that Michael A. Stivala, Suburban’s Chief Financial Officer will be named President effective April 1, 2014. Mr. Stivala has served in his current position as CFO since October 2007 and, prior to that, held several leadership roles since joining the Partnership in December 2001.

Nelnet (NYSE: NNI) announced that, effective at the beginning of next year, Terry Heimes, currently Nelnet’s Chief Financial Officer (CFO), will be appointed Chief Operating Officer, and Jim Kruger, currently Controller of Nelnet, will be appointed CFO.

Medivation, Inc. (NASDAQ: MDVN) announced that C. Patrick Machado, Medivation’s Chief Business and Financial Officer, advised Medivation that he has made the decision to retire. Mr. Machado has agreed to remain with Medivation on an interim basis while Medivation conducts a search for his replacement.

Digimarc Corporation (NASDAQ: DMRC) appointed Charles Beck to serve as Digimarc’s Chief Financial Officer and Treasurer, replacing Michael McConnnell, who retired from these positions. Mr. Beck joined Digimarc in May 2012 as the company’s Controller. Prior to joining Digimarc, Mr. Beck was a senior manager at KPMG LLP, where he served in various auditing roles since 2002.

CFO Moves – week ending November 8, 2013

CFO Moves this week include:

Amtrak IBM Humana Inc.
Armstrong World Industries, Inc. Tofutti Brands Inc. GSE Holding, Inc.
International Market Centers, L.P. Approach Resources Inc. Aricent
Workmen’s Auto Insurance Company Voxware Waddell & Reed Financial, Inc.
A.P. Pharma, Inc. Ariosa Diagnostics, Inc. PolyOne Corporation
ACE Cash Express, Inc. Trimble Stellar Biotechnologies, Inc.
Xirrus TransMedics, Inc. Mettler-Toledo International Inc.
LHC Group, Inc. Core Molding Technologies, Inc. TPG Specialty Lending, Inc.
Five Prime Therapeutics, Inc. Wynn Resorts, Limited Exa Corporation
Ambient Corporation II-VI Incorporated Infor
CodeSmart Holdings, Inc. First Busey Corporation DTE Energy
VIVUS, Inc. Responsys, Inc. MasTec, Inc.
Fifth Third Bancorp QEP Midstream Partners GP, LLC LMI Aerospace, Inc.
Black Diamond, Inc. Remark Media, Inc. Marrone Bio Innovations, Inc.
BBCN Bancorp, Inc. AirSage McCloud Services

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 s.dergel@stantonchase.com or by phone at +1 (415) 738-2070.

+ + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + +

Amtrak named Gerald Sokol, Jr., as the company’s new Chief Financial Officer (CFO), effective Dec. 3. Since mid-2011, Sokol served as President and CEO of Vertis Corporation, and he was Vertis’ Chief Financial Officer during 2010. His prior work experience encompassed several leadership roles at AOL including: Executive Vice President AOL Access Finance, Operations and Strategy (2004-2009); Executive Vice President, AOL International Finance and Operations (2002-2004); and Senior Vice President AOL International Finance and Operations (1999-2002). He also spent three years (1997-1999) at NTN Communications, Inc., as CFO, then as President and CEO as well as Acting Chairman of the Board. He also spent several years at Tele-Communications, Inc. (1987-1996), in various positions including his final position as Vice President, Finance and Treasurer.

International Business Machines Corp. (NYSE: IBM) announced that Mark Loughridge, Senior Vice President and Chief Financial Officer, Finance and Enterprise Transformation, will retire at the end of 2013. Loughridge joined IBM in 1977 as a development engineer, and has held various management positions in finance, strategic planning, and engineering.  Loughridge was named IBM’s CFO in 2004, and has the longest tenure of any IBM CFO in its 102-year history. Martin J. Schroeter will succeed Loughridge, effective January 1, 2014.  Schroeter is currently General Manager, IBM Global Financing, and served as IBM Treasurer from 2007 to 2011. He previously held a number of business and financial leadership positions including several roles in Asia Pacific.

Humana Inc. (NYSE: HUM) announced that Steven E. McCulley, currently Vice President, Controller and Principal Accounting Officer, has been elected by the company’s Board of Directors as Interim Chief Financial Officer effective January 1, 2014. As previously announced, James H. Bloem, currently Senior Vice President, Chief Financial Officer and Treasurer will retire from that position December 31, 2013. Effective with this transition, McCulley will assume all the responsibilities currently held by Bloem until a Chief Financial Officer has been elected. Bloem was also elected as Advisor to the Office of Chief Financial Officer effective January 1, 2014.

Armstrong World Industries, Inc. (NYSE: AWI) announced that Thomas Mangas has been appointed Chief Executive Officer upon the retirement of the current CEO, Frank Ready. Mr. Mangas has served as chief financial officer of Armstrong since February 2010, leading Finance as well as Information Technology, Global Business Services and Process Improvement. David Schulz succeeds Mr. Mangas as CFO. Mr. Schulz most recently served as vice president, Finance of Armstrong Building Products. He joined Armstrong in June 2011 after spending 14 years with Procter & Gamble and the J.M. Smucker Company in a wide range of finance leadership positions.

Toffuti Brands Inc. (NYSE: TOF) elected Joseph N. Himy to serve as a member of the Board of Directors until the next annual meeting of shareholders and was appointed to the Audit Committee. Mr. Himy has been Managing Director of The CFO Squad, a financial and business advisory firm providing outsourced CFO advisory and regulatory consulting services primarily for public companies, since August 2011.  From May 2008 until August 2011, Mr. Himy was Chief Financial Officer of Vyteris, Inc..  Prior to May 2008 and from October 2004, Mr. Himy held various other positions at Vyteris, including Corporate Controller and VP of Finance.

GSE Holding, Inc. (NYSE: GSE) announced that Daniel Storey has been appointed Senior Vice President and Chief Financial Officer for GSE.  Mr. Storey had served as Vice President, Chief Accounting Officer and Corporate Controller of GSE since May of this year.  Prior to joining GSE, Mr. Storey served in numerous senior management positions within Hewlett Packard’s global accounting network.  Mr. Storey will replace Michael Kirksey who has accepted a new position with another company and will resign from GSE.  Bill Lacey

International Market Centers, L.P. announced that William F. Lacey has joined the company as chief financial officer (CFO). Most recently, Lacey was an executive vice president/CFO for GSE. Prior to that, he held the position of senior vice president/CFO for Animal Health. He also held senior financial positions with Rawlings, a sporting goods manufacturing and distribution company. Lacey assumes the role of CFO at IMC, formerly held by Kathy Venezia, who has been with International Market Centers since the company’s inception in May 2011. Venezia will stay with IMC through the end of the year to assist with Lacey’s transition.

Approach Resources Inc. (NASDAQ: AREX)  announced that Sergei Krylov, Managing Director at J.P. Morgan Securities LLC, has been named to the position of Executive Vice President and Chief Financial Officer. Mr. Krylov will assume the position from Steven P. Smart, who has been with the Company since its inception in 2002, and Chief Financial Officer since 2007. Mr. Smart announced his intention to retire from the Company effective December 31, 2013. Mr. Krylov, 36, brings over 13 years of oil and gas industry finance experience from J.P. Morgan’s Energy Investment Banking group. Mr. Krylov’s employment with the Company will begin upon his satisfaction of certain conditions of his prior employment, which is expected to be on or before January 2, 2014.Ilya Cantor

Aricent announced the appointment of Ilya Cantor as its new Executive Vice President and Chief Financial Officer. Cantor will join the company on November 15th. Cantor replaces former CFO Mick Lopez, who will leave the company after helping with the transition. Cantor’s most recent position was at EPAM Systems, Inc., where he was CFO, a role he held since 2006. Prior to EPAM, Cantor spent seven years in a variety of financial and operational positions at Dow Jones, starting as the Group Finance Director of WSJ International (1999 to 2003) before becoming CFO of the Wall Street Journal (2003 to 2006). In his final position at Dow Jones, he served as Executive Director of Operations of the Wall Street Journal. Before joining Dow Jones in 1999, Cantor was the CFO of Independent Media (now Independent Media – Sanoma), a leading publishing house based in Moscow, Russia, and also worked as an Audit Manager with Coopers & Lybrand (now PriceWaterhouseCoopers) in Moscow.

Workmen’s Auto Insurance Company named Denise M. Tyson to be its President. Ms. Tyson joined Workmen’s in 2004 as Executive Vice President and CFO. Ms. Tyson spent the first 13 years of her insurance career in Public Accounting at KPMG and continued at PwC as an auditor and consultant. In 2000, she left Public Accounting and since then has worked in executive level positions for several insurance companies. Ms. Tyson was a Los Angeles Business Journal “CFO of the Year” Nominee in 2013 and 2009.

Voxware announced that Roger Maloch has been appointed to the position of Chief Financial Officer. Prior to Voxware, Roger served as CFO for technology organizations ranging in size from startups to $1.5 billion in revenue. His recent CFO experience includes Aderant Holdings and Fidelity Information Services.

Waddell & Reed Financial, Inc. (NYSE: WDR) announced that Daniel P. Connealy, Senior Vice President and Chief Financial Officer, will retire from the position of Chief Financial Officer upon the filing of the Company’s Annual Report on Form 10-K for the year ended December 31, 2013. Mr. Connealy intends to continue his employment with the company in a non-executive role through June 2014 to assist in the transition of his responsibilities. Mr. Connealy joined the company in 2004. The Board intends to appoint Brent K. Bloss to succeed Mr. Connealy as Chief Financial Officer. Mr. Bloss is currently Senior Vice President-Finance, Treasurer and Principal Accounting Officer and has served in various finance and accounting roles since joining the company in 2002. Prior to joining the company, Mr. Bloss served as Senior Audit Manager with KPMG LLP.

A.P. Pharma, Inc. (OTC: APPA.OB) announced the appointment of Brian Drazba as vice president of finance and chief financial officer. Most recently, he was vice president of finance and chief accounting officer for ISTA Pharmaceuticals Inc. From 1992 to 2006, Mr. Drazba held positions of increasing responsibility within Insight Health Corp. (American Health Services Corp.), including senior vice president and chief accounting officer. Prior to his tenure at Insight Health, Mr. Drazba was employed by Arthur Andersen & Co.

Ariosa Diagnostics, Inc. announced that it has promoted Dan Puckett to Chief Financial Officer. Dan Puckett joined Ariosa in September 2011 as Vice President of Finance and Administration.

PolyOne Corporation (NYSE: POL) announced that it has hired Bradley C. Richardson as executive vice president and chief financial officer. For the past four years, Mr. Richardson served as executive vice president and CFO of Diebold, Incorporated.  Prior to Diebold, he served as executive vice president and CFO of Modine Manufacturing Company.  Mr. Richardson began his career at Amoco Corporation, where he ascended in roles of increasing responsibility over a 21-year period, including leadership assignments throughout North America, as well as in Caracas, Venezuela and London, U.K. Mr. Richardson currently serves on the Board of Directors for Brady Corporation and is chair of the audit committee. Mr. Richardson succeeds Richard J. Diemer, Jr., who is leaving the company to pursue other opportunities.  Susan Pressler

ACE Cash Express, Inc. announced that Susan S. Pressler has been promoted to the role of Executive Vice President and Chief Financial Officer. Ms. Pressler joined ACE in 1996 and, during her tenure, has served in various finance roles including Controller and, most recently, Vice President of Financial Reporting and Internal Audit.

Trimble (NASDAQ: TRMB) announced the appointment of Francois Delepine as its chief financial officer. Delepine joins Trimble from VMware where he is chief financial officer, global business units. Prior to his current role at VMware he served as vice president of finance. Before joining VMware he held senior operating and financial roles at a variety of technology companies including Palm, Google, Hyperion and Apple. Julie Shepard is stepping down from her role as interim CFO. Shepard will return to her role as vice president of finance and chief accounting officer upon Delepine’s start date in early January.

Stellar Biotechnologies, Inc. (OTC: SBOTF) announced the appointment of Kathi Niffenegger as Chief Financial Officer. Ms. Niffenegger began working with Stellar in 1999, as outside CPA. She became Controller for Stellar Biotechnologies in 2012 and assumed the role of Corporate Secretary earlier this year.  Ms. Niffenegger was previously technical partner in the audit division of Glenn Burdette CPAs, obtained CFO experience at Martin Aviation and began her career at Peat, Marwick, Mitchell & Co. (now KPMG LLP).

Xirrus announced the appointment of George Frie as chief revenue officer (CRO). Frie was most recently chief financial officer at Aerohive Networks. Frie previously held leadership positions NetScreen Technologies. Following a successful IPO, NetScreen Technologies was acquired by Juniper Networks. He later served as chief financial officer and vice president, Asia-Pacific, at Solid Information Technologies which was acquired by IBM.

TransMedics, Inc. announced that Jeffrey E. Young was appointed to the position of Chief Financial Officer and Treasurer. From 2008 to 2013, Mr. Young served in a number of senior executive roles at Lantheus Medical Imaging, including Chief Financial Officer from 2012 to 2013. Prior to his time with Lantheus, Mr. Young spent three years at Critical Therapeutics, Inc., where he was Chief Accounting Officer. Prior to 2005, he served in a number of roles at PerkinElmer, Inc. Mr. Young’s prior positions included roles within the Capital Markets Group and Transaction Services Group of PricewaterhouseCoopers from 1996 to 2002.

Mettler-Toledo International Inc. (NYSE: MTD) announced that effective January 3, 2014, William Donnelly will be promoted from Chief Financial Officer to the position of Executive Vice President. Shawn Vadala will be promoted from Group Controller and Global Head of Finance & Control to the position of Chief Financial Officer. Mr. Donnelly will serve as the company’s principal financial officer, and Mr. Vadala will serve as the company’s principal accounting officer. Messrs. Donnelly and Vadala both joined the company in 1997, with Mr. Donnelly joining as Chief Financial Officer and Mr. Vadala assuming the role of Group Controller in 1998.

LHC Group, Inc. (NASDAQ: LHCG) announced that Peter J. Roman notified the company of his decision to retire as Executive Vice President, Chief Financial Officer and Treasurer of the Company, effective end of the business day on December 31, 2013. The company appointed Jeffrey M. Kreger as Executive Vice President, Chief Financial Officer and Treasurer of the Company, effective January 1, 2014 upon the retirement of Mr. Roman.  Mr. Kreger has served as the Company’s Senior Vice President of Finance since February 2013 and was previously Senior Vice President and Corporate Controller for Sun Healthcare Group, Inc. where he was employed from 2006 until joining LHC Group.

Core Molding Technologies, Inc. (NYSE: CMT) announced that John P. Zimmer has been appointed Vice President, Treasurer, Secretary and Chief Financial Officer. Prior to joining Core, Mr. Zimmer was Chief Financial Officer of Parex Group USA, Inc. a division of Parex Group. Zimmer also previously served as Chief Financial Officer of The Upper Deck Company, LLC, Vice President Finance for Cardinal Health Pyxis Products, and held senior management roles with SubmitOrder, Inc., Cardinal Health and Deloitte & Touche.

TPG Specialty Lending, Inc. announced the appointment of Alan Kirshenbaum as Chief Financial Officer, replacing John E. Viola. Prior to being named Chief Financial Officer, Mr. Kirshenbaum was a Vice President of the Company since 2011. From 2011 to 2013, Mr. Kirshenbaum was Chief Financial Officer and Executive Director of TPG Special Situations Partners (“TSSP”). From 2007 to 2011, Mr. Kirshenbaum was the Chief Financial Officer of Natsource, a private investment firm. Mr. Kirshenbaum was a Managing Director, Chief Operating Officer and Chief Financial Officer of MainStay Investments from 2006 to 2007. Mr. Kirshenbaum joined Bear Stearns Asset Management (“BSAM”) in 1999 and was BSAM’s Chief Financial Officer from 2003 to 2006.

Five Prime Therapeutics, Inc. (NASDAQ: FPRX) appointed Marc Belsky to the role of Vice President and Chief Financial Officer. Prior to the appointment, Mr. Belsky served as Vice President, Finance.

Wynn Resorts, Limited (NASDAQ: WYNN) announced that Matt Maddox, the Company’s Chief Financial Officer and Treasurer, will assume the additional duties of President of Wynn Resorts. Mr. Maddox joined the Company in 2002 and previously served as Chief Financial Officer of Wynn Resorts, Macau, as well as Senior Vice President of Business Development. Mr. Maddox also serves as an officer on several of the Company’s subsidiaries.

Exa Corporation (NASDAQ: EXA) announced that Edmond L. Furlong, Chief Operating Officer and Chief Financial Officer, intends to resign his employment effective as of March 31, 2014. Stephen P. Sarno, our Vice President Finance and Chief Accounting Officer, has been appointed to serve as Acting Chief Financial Officer upon the effectiveness of Mr. Furlong’s resignation.

Ambient Corporation (NASDAQ: AMBT) announced the resignation of Stacey Fitzgerald as Chief Financial Officer. John J. Joyce, the Company’s Chief Executive Officer, will assume the duties of principal financial and accounting officer on an interim basis while the Company initiates the search for a successor Chief Financial Officer.

II-VI Incorporated (NASDAQ: IIVI) announced that Craig A. Creaturo, chief financial officer, has tendered his resignation in order to pursue other interests. Mr. Creaturo will remain in his current capacity until a successor is appointed, and he will continue to assist the Company as an employee through February 28, 2014. After this date, Mr. Creaturo will serve as an advisor to the Company for an additional six months to ensure a smooth transition. The Company has initiated a formal search for a new chief financial officer.

Infor announced it has named Nicole Anasenes as chief financial officer. Anasenes most recently served as VP and chief financial officer of IBM’s Software Middleware Group business unit. She also served as VP and chief financial officer of IBM’s Cloud business unit, and as director of Emerging Markets for IBM’s Global Technology Services organization.

CodeSmart Holdings, Inc. (OTC: ITEN) appointed Diego E. Roca as its interim Chief Financial Officer. From 1995 until 2004, he worked with Digitec 2000, Inc., where he began his career as Digitec’s Controller. He was promoted to Chief Operating Officer and finally Senior Vice President and Chief Financial Officer. From 2004 to 2006, Mr. Roca served as a consultant to various companies, including Digitec and Dominion Minerals Corp. From 2007 to 2012 he held the office of Executive Vice President and Chief Financial Officer for Dominion Minerals Corp.

First Busey Corporation (NASDAQ: BUSE) and Busey Bank announced that Robin N. Elliott will be appointed the Chief Financial Officer of First Busey Corporation and Busey Bank, effective January 1, 2014.  Mr. Elliott will continue in his current role as Director of the Business Banking Group of Busey Bank until his appointment as Chief Financial Officer. Additionally, Susan K. Miller will be named Deputy Chief Financial Officer of First Busey Corporation and Busey Bank, effective January 1, 2014.  David B. White, will continue to serve as Chief Financial Officer through December 31, 2013, and will remain as an employee of the organization through his retirement on July 1, 2014, to facilitate a successful transition. Mr. Elliott joined Busey in 2006 and has served as Executive Vice-President and Director of Finance & Treasury at Busey Bank prior to leading its Business Banking Group.  Prior to joining Busey Bank, he worked for various national accounting firms, including Ernst & Young. Ms. Miller joined Busey in 2011 as Director of Finance.  She has over 25 years of management experience with other financial institutions such as Bank One, SunTrust and Whitney National Bank.

DTE Energy (NYSE: DTE) promoted Dave Meador to the role of Vice Chairman & Chief Administrative Officer from his previous role as Executive Vice President and Chief Financial Officer. Peter Oleksiak was promoted to the role of Senior Vice President and Chief Financial Officer. Oleksiak was previously Senior Vice President – Finance.

VIVUS, Inc. (NASDAQ: VVUS) appointed Svai Sanford, the Company’s Corporate Controller, as interim Chief Financial Officer. Mr. Sanford has served as the Company’s Corporate Controller since July 2012.  Prior to his employment with the Company, Mr. Sanford was the Corporate Controller at Glam Media, Inc., from November 2010 to June 2012. He was also the Senior Director, Technical Accounting, Reporting and Compliance, in addition to other roles, at Elan Pharmaceuticals, Inc., from March 2004 to November 2010. Mr., Sanford is replacing outgoing Chief Financial Officer, Timothy E. Morris.

Responsys, Inc. (NASDAQ: MKTG) announced Chris Paul‘s intention to resign as Chief Financial Officer for personal reasons. Mr. Paul plans to continue as Chief Financial Officer of Responsys until a successor is in place.

MasTec, Inc. (NYSE: MTZ) reported that C. Robert Campbell, Executive Vice President and Chief Financial Officer, announced his retirement, which will be effective as of the close of business on December 31, 2013. Mr. Campbell has served as MasTec’s Executive Vice President and Chief Financial Officer since October 2004. George Pita, who currently serves as MasTec’s CFO-Operations, has been appointed o serve as Executive Vice President and Chief Financial Officer of MasTec effective as of January 1, 2014. Mr. Pita joined MasTec in February 2013, as its CFO-Operations. From June 2007 until joining MasTec in 2013, Mr. Pita served as EVP, COO and CFO of Stuart Weitzman Holdings. From April 2002 until June 2007, Mr. Pita served in various capacities at Perry Ellis International, including as Executive Vice President and Chief Financial Officer from 2004-2007. From 1989-2002, Mr. Pita served in a variety of financial and operations positions at Sunglass Hut International. From 2008 to 2010, Mr. Pita served as a special advisor to Atlas Acquisition Holdings Corp., a special purpose acquisition corporation.

Fifth Third Bancorp (NASDAQ: FITB) announced that Daniel T. Poston, the Company’s interim chief financial officer, has been named the Company’s chief strategy and administrative officer. Tayfun Tuzun, previously Fifth Third’s treasurer, has been named executive vice president and chief financial officer. Mr. Tuzun joined Fifth Third Bancorp in 2007 and was named treasurer in 2011.

QEP Midstream Partners, LP (NYSE: QEPM) announced that QEP Midstream Partners GP, LLC, the general partner of QEP Midstream Partners, LP, appointed Donald A. Turkleson directors to serve on the General Partner’s Board of Directors. Mr. Turkleson is Vice President and Chief Financial Officer of Gulf Coast Energy Resources, LLC. He has served in that role since 2012. From 2010 to 2012, he served as Chief Financial Officer of Laurus Energy, Inc. From 1997 to 2009, he was the Senior Vice President and Chief Financial Officer of Cheniere Energy, Inc. and served on the Board of Directors of Cheniere Energy Partners GP, LLC, the general partner of Cheniere Energy Partners, L.P. from 2007 to 2012. Mr. Turkleson currently serves on the Board of Directors of Miller Energy Resources, Inc., where he has served as a director since 2011.

LMI Aerospace, Inc. (NASDAQ: LMIA) announced the appointment of Lawrence E. Dickinson, the Company’s Chief Financial Officer, to fill the position of President-Valent Operations, and the promotion of Clifford C. Stebe, Jr., the Company’s Corporate Controller, to fill the position of Chief Financial Officer.

Black Diamond, Inc. (NASDAQ: BDE) has promoted Aaron Kuehne to chief financial officer. Kuehne, who has served as interim CFO for the past seven months, joined Black Diamond nearly three years ago as the director of financial reporting before being promoted to vice president of finance. Prior to joining Black Diamond, Kuehne served in various capacities with KPMG, most recently as an audit manager.

Remark Media, Inc. (NASDAQ: MARK) announced that Douglas Osrow was appointed Chief Financial Officer of the Company.  Most recently, from 2011 until this past month, he was Chief Financial Officer of Paragon Gaming.  Prior to this he worked as a Vice President in the investment banking division of Citadel Securities.  He began his investment banking career as an Associate at Citigroup Global Markets in the real estate and lodging group.

Marrone Bio Innovations, Inc. (NASDAQ: MBII) announced that its Chief Financial Officer, Don Glidewell, has determined to retire from the Company. To facilitate a smooth transition, Mr. Glidewell has agreed to remain as Chief Financial Officer for up to five months while the Company conducts a search for a successor chief financial officer.

BBCN Bancorp, Inc. (NASDAQ: BBCN), the holding company of BBCN Bank, announced that Daniel Kim will join the Company as Executive Vice President and Chief Planning Officer effective November 25, 2013. Daniel Kim currently serves as Executive Vice President, Chief Financial Officer and Corporate Secretary of Saehan Bancorp, Inc., which recently announced that its shareholders approved the completion of a merger with Wilshire Bancorp, Inc. Kim joined Saehan in September 2003. In addition, Mr. Kim has served as Acting President of Saehan during the interim periods of October 2010 through April 2011 and since November 1, 2013. From May 1997 to August 2003, Mr. Kim served as First Vice President and Manager of the accounting, corporate planning and investment departments of the former Pacific Union Bank. Mr. Kim began his banking career in June 1991 at the former Center Bank, where he last served as Assistant Vice President and Accounting/Investment Officer. Center Bank merged with Nara Bank in November 2011 to become BBCN Bank.

AirSage has appointed Alan Catherall as Chief Financial Officer (CFO). For 10 years—prior to joining AirSage—Catherall served as CFO with Numerex Corp. Before Numerex, Mr. Catherall was CFO of AirGate PCS, Inc. Catherall also held executive positions at MCI, including serving as the chief financial officer of Syncordia Services, a joint venture between MCI and British Telecom.Richard Burke

McCloud Services announced the addition of Richard Burke as chief financial officer. Prior to joining McCloud Services, Burke served as the CFO of Nordic Energy Services, LLC. Burke also served as vice president of finance for Chicago-based Monroe Capital. Additionally, he served as director of finance for Condell Medical Center.

CFO Moves – week ending November 1, 2013

CFO Moves this week include:

Praxair, Inc. Diebold, Incorporated Support.com, Inc.
Sonus Networks, Inc. OneRoof Energy, Inc. Wells Fargo
G&K Services, Inc. USA Compression Partners, LP Furiex Pharmaceuticals, Inc.
BNSF Railway KBR Analogix Semiconductor, Inc.
SED International Holdings Evolucia Inc. Herff Jones
Wabtec Corporation Cognitiv, Inc. CTI Industries Corporation
Square Options Group International, LLC Ubiquiti Networks, Inc.
SunEdison, Inc. Scripps Networks International KMG Chemicals, Inc.
Syndax Pharmaceuticals, Inc. Perceptron, Inc. Ingredion Incorporated
RTT USA

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 s.dergel@stantonchase.com or by phone at +1 (415) 738-2070.

+ + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + +

Praxair, Inc. (NYSE:PX) announced that Executive Vice President and Chief Financial Officer (CFO), Jim Sawyer, will retire on December 31, 2013, after 28 years of service with Praxair and its predecessor company, Union Carbide. Sawyer has served as Praxair’s CFO for 13 years. Matt White currently president, Praxair Canada, will succeed Sawyer as senior vice president and CFO, effective January 1, 2014. Sawyer will serve in an advisory capacity to the company until March 1, 2014. White was appointed president of Praxair Canada in 2011. He joined Praxair in 2004 as finance director of Praxair’s largest business unit, North American Industrial Gases. In 2008, he became vice president and controller of Praxair then was named vice president and treasurer in 2010. Before joining Praxair, White was vice president, finance at Fisher Scientific and prior to that he held various financial positions, including group controller at GenTek.

Diebold, Incorporated (NYSE: DBD) announced that Bradley C. Richardson, executive vice president and chief financial officer, is leaving the company. Christopher A. Chapman, vice president, global finance, will serve as the company’s principal financial officer on an interim basis, effective Nov. 6.

Support.com, Inc. (NASDAQ: SPRT) announced the appointment of Roop K. Lakkaraju as Chief Financial Officer and Chief Operating Officer. Prior to his tenure at Quantros, 2Wire and Solectron, Mr. Lakkaraju worked at Safeguard Scientifics, and at PricewaterhouseCoopers and Grant Thornton.

Sonus Networks, Inc. (NASDAQ: SONS) announced the appointment of Mark T. Greenquist as chief financial officer. Greenquist was most recently CFO for Siemens Enterprise Communications Limited (recently rebranded to Unify). From 2007 until its acquisition by Ericsson in 2012, Greenquist served as President and CEO at Telcordia Technologies, Inc. Greenquist also served as Senior Vice President and CFO at Telcordia Technologies, Inc. from 2005 to 2007 prior to his promotion to CEO. Greenquist brings additional financial leadership experience from companies including Symbol Technologies Inc. and Agere Systems Inc. where he served as CFO as well as Delta Airlines Inc., Saab Automobile AB, GM Corporation and General Motors where he held a variety of financial leadership positions.

OneRoof Energy, Inc. announced Dan Halvorson has joined the company as executive vice president and chief financial officer. Most recently, Halvorson served as executive vice president-operations and chief financial officer for DivX, Inc. until its acquisition by Sonic Solutions. Prior to joining DivX, Halvorson held senior finance positions at a variety of technology and pharmaceutical companies, including Novatel Wireless, Inc. as its chief financial officer and Dura Pharmaceuticals, Inc. which was acquired by Elan Corporation. Erin Gore

Wells Fargo (NYSE: WFC) named Erin Gore, who was associate vice chancellor and chief financial officer at University of California, Berkeley, as co-head of its Education and Nonprofit Banking group. Gore had been U.C. Berkeley’s CFO since 2009. She began her career with the New York City Council Finance Division in 1996 as a budget analyst and then spent four years with Moody’s Investor Services as a public finance analyst. Gore joined the former Banc of America Securities in 2001, rising to co-head and managing director of its public finance education and nonprofit team.

G&K Services, Inc. (NASDAQ: GK) announced that Jeffrey L. Wright plans to retire as Executive Vice President and Chief Financial Officer. To ensure an orderly transition, Wright will continue in his current role until June 2014. Wright has served as G&K’s Chief Financial Officer for nearly 15 years, since joining the company in 1999. He was promoted to Executive Vice President in 2009, at which time he was also appointed to the company’s Board of Directors. In addition to leading G&K’s finance organization, Wright has led the company’s direct sale business, GKdirect®, since 2009. In addition, he served the industry as Chairman of the Textile Rental Services Association, from 2008 to 2010.

USA Compression Partners, LP (NYSE: USAC) announced that John D. Chandler joined the Board of Directors of its general partner as an independent director. Mr. Chandler currently serves as Senior Vice President and Chief Financial Officer of Magellan GP, LLC, the general partner of Magellan Midstream Partners, LP. From 2003 until 2009, he served in the same capacities for the general partner of Magellan Midstream Holdings, L.P. From 1999 to 2002, Mr. Chandler was Director of Financial Planning and Analysis and Director of Strategic Development for a subsidiary of The Williams Companies, Inc. From 1992 to 1999, Mr. Chandler held various accounting and finance positions with MAPCO Inc.

Furiex Pharmaceuticals, Inc. (NASDAQ: FURX) announced the appointment of Sailash Patel to the position of Chief Financial Officer, effective November 15, 2013. Mr. Patel replace Marshall Woodworth, who tendered his resignation to pursue other opportunities. Mr. Patel has been with Furiex since its spin-off from PPD LLC, and currently serves as Vice President of Strategic Development. Previously, Mr. Patel served as Vice President of Strategic Development for PPD.

BNSF Railway announced that Executive Vice President and Chief Financial Officer Tom Hund will retire during the first quarter of 2014. Hund will be replaced at that time by Julie Piggott, currently Vice President, Planning and Studies, and Controller. Hund has been chief financial officer since 1999. Piggott has served in her current role since 2009. She previously served as vice president, Finance, and treasurer since 2006. Piggott joined BNSF in 1991 and has held various positions in Finance, including successive roles as assistant vice president, Strategic and Financial Analysis; assistant vice president, Expedited Services, in Consumer Products; and assistant vice president and assistant controller. Prior to joining BNSF, she was with the accounting firm of Ernst & Young and Corporate BancServices.

KBR (NYSE: KBR) announced that Brian K. Ferraioli has been appointed the company’s Executive Vice President and Chief Financial Officer. He was previously the Executive Vice President and Chief Financial Officer for six years at The Shaw Group. Before joining Shaw, Mr. Ferraioli served in numerous roles at Foster Wheeler AG. He began his Foster Wheeler career in 1979 as an internal auditor and rose through the corporate ranks, ultimately becoming a Vice President and Corporate Controller. Currently, Mr. Ferraioli also serves on the board of directors for The Babcock & Wilcox Co., and Adolfson & Peterson Construction.

Analogix Semiconductor, Inc. announced that veteran technology executive Mike Seifert has joined the privately held company as chief financial officer (CFO). Most recently, he served as CFO of PureWave Networks, Inc. Before that, he served as CFO of Multigig, Inc. until its successful 2012 merger with Analog Devices, Inc. He has previously served as CFO or corporate controller of Virage Logic Corp., Southwall Technologies Inc., SiteSmith, Inc., Compression Labs, Inc. and PMC-Sierra, Inc. Earlier in his career, he also spent 10 years with professional services firm Ernst & Young.

SED International Holdings (NYSE: SED) announced that it has hired Stephen M. Dexter as Interim CFO following the resignation of prior CFO Christopher R. Joe. From September 2012 to May 2013, he provided financial support consulting services to CDC Corporation, a former holding company of CDC Software, and to CDC Software, from June 2010 to August 2012. Mr. Dexter served as Chief Financial Officer of CDC Software, from September 2010 to August 2012, and as Chief Accounting Officer of CDC Software, from June 2010 to June 2011.

Evolucia Inc. (OTC: ILED) announced that its Chief Financial Officer and Executive Vice President, Charles B. Rockwood, has resigned from the Company for personal reasons. Rockwood will continue to support Evolucia in an advisory role following his resignation to ensure a smooth transition until a new CFO is appointed. In the interim, Mel Interiano, Chairman and Chief Executive Officer of Evolucia, will serve as the principal financial officer until a replacement is named.

Herff Jones announced that John Pitts has been promoted from his current position as Chief Financial Officer of BSN SPORTS (“BSN”) to the same post at Herff Jones, effective immediately.  Herff Jones acquired BSN, the largest distributor of team sporting goods and school sports apparel in the U.S., in May 2013.  Pitts succeeds Mike Parrett, who earlier announced his decision to leave Herff Jones to pursue opportunities outside the company. Prior to joining BSN, Pitts served as Chief Financial Officer for Horizon Health.  Prior experience includes Skylink America, Inc. where Pitts served as Controller.

Wabtec Corporation (NYSE: WAB) said Alvaro Garcia-Tunon has decided to retire as Executive Vice President and Chief Financial Officer, effective January 1, 2014.  He will be succeeded by Patrick D. Dugan, who joined Wabtec in 2003 and has served as Senior Vice President, Finance and Corporate Controller, and as a member of the company’s Executive Office, since January 2012. Garcia-Tunon will remain with the company as a strategic adviser.  He joined Wabtec in 1995 and served in a variety of roles of increasing responsibility prior to his appointment as CFO in March 2003. Dugan joined Wabtec as Vice President and Corporate Controller in 2003 and was promoted to Senior Vice President in 2012.  Previously, he served as CFO of CWI International and as a manager with PricewaterhouseCoopers.

Cognitiv, Inc. (OTC: COGV) appointed Michael Hlavsa to Chief Financial Officer and Director. Michael was previously the chief financial officer and a director of Gerova Financial Group, Ltd. and Fund.com Inc. Michael also has served as chief executive officer for SunCruz Casinos, before forming Signature Gaming Management LLC, a consulting firm.

CTI Industries Corporation (NASDAQ: CTIB) announced the appointment of Timothy S. Patterson as Chief Financial Officer of the Company. Mr. Patterson has been employed by the Company for 10 years, as Vice President, and Senior Vice President – Finance and Administration, and for the past three years, has acted as the principal accounting officer of the Company. Mr. Patterson will retain his office and title as Senior Vice President – Finance and Administration.

Square appointed David Viniar to its Board of Directors, where he will also serve as Audit Committee Chairman. Viniar was most recently Executive Vice President and Chief Financial Officer of Goldman Sachs, and is currently a member of its Board of Directors. After receiving a Masters in Business Administration from Harvard Business School, Viniar joined Goldman Sachs in 1980, where he amassed over 30 years of experience. He became the CFO in 1999 and served in that capacity for over 13 years. He was also the head of the Operations, Technology, Finance and Services Division.

Options Group International, LLC announced the departure of Ike Suri, Co-President and CFO. Mr. Suri resigned from OGI to pursue other opportunities, including launching a merchant bank, Pelican Point Capital Partners LLC.

Ubiquiti Networks, Inc. (NASDAQ: UBNT) announced it has named Rafael Torres, CFO of OCZ Technology Group and Ubiquiti CFO Craig Foster to the company’s board of directors. Since March of 2013, Rafael Torres has been the CFO of OCZ Technology Group. Prior to joining OCZ, Mr. Torres served as CFO and Vice President of Finance for Capella Photonics. From 2006 to 2008, Torres was the CFO and Vice President of Finance for Power Integrations. From 2000 to 2006, Mr. Torres was CFO and Vice President of Finance for PLX Technology.

SunEdison, Inc. (NYSE: SUNE) announced that it has appointed former Chief Financial Officer of TIAA-CREF, Georganne C. Proctor, as a new independent member of the Board and as a member of the Audit Committee. Ms. Proctor most recently having served from 2006 to 2010 as Chief Financial Officer and Executive Vice President for Enterprise Integration at TIAA-CREF. Prior to joining TIAA-CREF, Ms. Proctor served as Executive Vice President of Golden West Financial Corporation from 2003 to 2005 after an 18‑year career at Bechtel. During her time at Bechtel, Ms. Proctor served in roles of increasing importance including Senior Vice President and Chief Financial Officer from 1997 to 2002, as well as serving as a company director for three years. Prior to Bechtel, Ms. Proctor was finance director from 1991 to 1994 of certain divisions of global, diversified entertainment giant The Walt Disney Company. She previously served on the Board of Directors of Kaiser Aluminum Corporation. Simone Nardi

Scripps Networks International, the global development arm of Scripps Networks Interactive, Inc. (NYSE: SNI), announced that Simone Nardi, who served in a lead financial role for NBC Universal’s international operations, has been named chief financial officer. Prior to that, he served as vice president and chief financial officer for NBC Universal’s business development division in New York. He also served briefly as interim chief financial officer and treasurer at Hulu. Nardi joined General Electric Industrial Systems in 1998 and completed its financial management program before moving to the corporate audit staff in 2001. NBC Universal formerly was an operating division of General Electric.

KMG Chemicals, Inc. (NYSE: KMG) announced that John V. Sobchak has resigned as Vice President and Chief Financial Officer in order to pursue other interests. Mr. Sobchak has served as KMG’s CFO since 2001. To ensure an orderly transition, Mr. Sobchak will continue with the company and perform the functions of a chief financial officer through the release of KMG’s earnings report for the first quarter and filing of the quarterly report in December. In the interim, Mr. Sobchak is transitioning his responsibilities to Hank Mullen, KMG’s Director of Business Development. Mr. Mullen joined KMG in 2008 following KMG’s acquisition of the high purity process chemicals business from Air Products & Chemicals. He also worked for AT&T Microelectronics and its successor companies Lucent Technologies and Agere Systems.

Syndax Pharmaceuticals, Inc. announced the promotion of John S. Pallies to chief financial officer from vice president, finance and administration. Mr. Pallies joined Syndax in 2007

Perceptron, Inc. (NASDAQ: PRCP) announced that John H. Lowry, III, Vice President and CFO, plans to retire in fiscal 2014. It is expected that Mr. Lowry will be available to assist in the transition of his responsibilities for a period of time following his retirement.

Ingredion Incorporated (NYSE: INGR) announced that CFO and Executive Vice President Cheryl Beebe has decided to retire due to family health issues.  Her retirement will be effective January 6, 2014. The company also announced that Jack Fortnum will become the next CFO.  Jack Fortnum joined CPC International (Ingredion’s former parent company) in 1984.  Fortnum is currently President, North America.  Before moving to operational management, he held a wide range of key financial roles including Corporate Controller of Corn Products International from the time the Company was taken public until 2001.  At CPC International, he was Vice President, Finance, Canadian Corn Refining business and Director, Finance, Latin American Corn Refining business.  Kevin Piontkowski

RTT USA announced the appointment of Kevin Piontkowski as its new Chief Financial Officer. His most recent experience includes serving as Senior Vice President of Global Finance at Talascend (formerly Modern Engineering). Mr. Piontkowski has managed the financial structure of many leading organizations, including that of Sandy Corporation and Incat. Prior to joining Talascend in 2006, he was a top financial controller at Giffels.

CFO Moves – week ending October 25, 2013

CFO Moves this week include:

Boston Scientific Corporation Hulu Polaris Industries Inc.
Fusion-io DataStax Coupons.com Incorporated
Noranda Aluminum Holding Corporation Square 1 Bank Simbol Materials
Summit Materials ShapeUp Inc. TESSCO
Unifi, Inc. Oclaro, Inc. Mortgage Contracting Services
Annie’s, Inc. Wayfair.com BioDelivery Sciences International, Inc.
Infinera Quture International, Inc. Single Touch Systems, Inc.
Europ Assistance USA Enhanced Recovery Company, LLC SilkRoad
MGIC Investment Corporation Coast Bancorp Fulton Financial Corporation
Clinkle Corporation Brickstream Single Touch Systems, Inc.
Good Technology Profire Energy, 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 s.dergel@stantonchase.com or by phone at +1 (415) 738-2070.

+ + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + +Dan Brennan

Boston Scientific Corporation (NYSE: BSX) has initiated a transition plan for its new chief financial officer. Jeffrey Capello, Boston Scientific’s executive vice president and chief financial officer, will transition out of the role effective December 31, 2013.  Effective January 1, 2014, Daniel Brennan, currently the company’s senior vice president and corporate controller, will be promoted to executive vice president and chief financial officer of Boston Scientific.  Brennan joined Boston Scientific in 1996. During his tenure, he has held roles with increased responsibilities, including vice president of finance and information technology for the Cardiovascular Division, vice president of international finance and vice president of investor relations. Brennan was named to his current role as senior vice president and corporate controller in January, 2010.

Hulu announced that Elaine Paul has been appointed CFO, replacing Tom Fuelling. Prior to Hulu, Elaine was SVP of Corporate Strategy at Disney. She previously served as VP, Business Development for the Walt Disney Internet Group. Kevin Farr

Polaris Industries Inc. (NYSE: PII) appointed Kevin Farr to the Company’s Board of Directors. Mr. Farr is the Executive Vice President and Chief Financial Officer for Mattel, Inc. Prior to his time at Mattel, Mr. Farr worked for 10 years as a senior manager at PricewaterhouseCoopers International.

Fusion-io (NYSE: FIO) announced that Dennis Wolf, chief financial officer and executive vice president, will be leaving after a period of transition to pursue an opportunity at a private company.

DataStax announced that Silicon Valley veteran Dennis Wolf will join the company as chief financial officer. Wolf has held numerous executive positions with public and private companies including CFO, COO, and CEO. His most recent experience is as chief financial officer and executive vice president at Fusion-io. Prior to that, he was the CFO at MySQL. Wolf held financial roles at Apple and Sun Microsystems earlier in his career. He currently serves as a director and chair of the audit committee of Codexis Inc., and has been a director and chair of the audit committee for other publicly and privately held companies including Quantum Corporation, BigBand Networks, Inc., Registry Magic, Inc., Avanex Corporation, Komag, Inc., Exponential Interactive, and Vitria Technology, Inc.

Coupons.com Incorporated announced the appointment of Mir Aamir as the company’s chief financial officer and chief operating officer. Richard Hornstein, the company’s current chief financial officer and general counsel. Mr. Hornstein will continue in the role of general counsel and chief legal officer, a role he has held for the past two and a half years. Mr. Aamir joins Coupons.com from Safeway, Inc., where he, most recently, was president of customer loyalty and digital technologies. Previously at Safeway, he was senior vice president of marketing strategy, financial planning & analysis (FP&A), pricing and shopper card. Before that, he held the position of group vice president, FP&A and strategy, for all of Safeway’s U.S. business units. Prior to Safeway, Mr. Aamir was at A.T. Kearney, Inc., where he was officer and vice president for the strategy and management consulting firm’s consumer and retail practice. Before that, Mr. Aamir held various positions at Procter & Gamble and Citicorp in Asia.

Noranda Aluminum Holding Corporation (NYSE: NOR) announced the appointment of Dale W. Boyles as its new Chief Financial Officer, effective November 5, 2013. Prior to joining Noranda, Mr. Boyles was Operating CFO for Hanesbrands, Inc. from October 2011 to June 2012.  Mr. Boyles also served as Interim CFO for HBI during 2011 and as Vice President, Controller & Chief Accounting Officer for HBI from 2006 to May 2011.  From 1997 through 2006, Mr. Boyles served in various capacities for KPMG LLP including most recently as Audit Partner, Consumer & Industrial Markets.

Square 1 Bank announced that Bonnie Kennedy has joined the Bank’s Venture Capital Services team as senior vice president. Kennedy joins Square 1 Bank from Trident Capital, a venture capital and growth equity firm, where she was managing director and chief financial officer. Earlier in her career, Kennedy spent over 20 years with Ernst & Young, including 10 as principal in the firm’s San Francisco office.

Simbol Materials appointed Takashi Sunada as Simbol Materials Chief Financial Officer. Mr. Sunada’s career includes twenty-four years with Itochu Corporation, where he was most recently responsible for project development and management of project investments for the Chemicals Division.

Summit Materials announced the appointment of Brian J. Harris, as Chief Financial Officer. Mr. Harris joins Summit after serving as Executive Vice President and Chief Financial Officer of Bausch & Lomb Holdings Incorporated, a leading global eye health company, since 2009. Mr. Harris previously held positions of increasing responsibility with Tomkins plc, including President of the $2 billion worldwide power transmission business for Gates Corporation, and Senior Vice President for Strategic Business Development and Business Administration, Chief Financial Officer, and Secretary of Gates Corporation. With the appointment of Mr. Harris, John R. Murphy has stepped down as Interim Chief Financial Officer. Mr. Murphy will continue to serve as a director and chairman of the audit committee of the board of directors of the Company’s indirect parent company.

ShapeUp Inc. announced the appointment of Ann Brady as chief financial officer. She has held leadership roles at companies including Health Payment Review, ATG, uTest, FirstBest and Apperian throughout her career. Prior to joining ShapeUp, Brady founded New England Business Solutions Group, a consulting firm specializing in C-level expertise for start-up and emerging growth companies.

TESSCO (NASDAQ: TESS) announced that Aric Spitulnik has been elected to position of Chief Financial Officer. Mr. Spitulnik was employed as an accounting professional for several public accounting firms before joining TESSCO in 2000. Mr. Spitulnik was appointed controller in 2005 and a vice president in 2006. In 2012, he assumed the role of principal accounting officer and was appointed corporate secretary.

Unifi, Inc. (NYSE: UFI) announced that it has appointed James M. Otterberg as the Company’s Chief Financial Officer and also elected him as a Vice President.  Mr. Otterberg, who has been the Company’s Chief Accounting Officer since October 2011 and had been serving as interim Chief Financial Officer since August 12, 2013. Mr. Otterberg has been employed by the Company’s subsidiary, Unifi Manufacturing, Inc., since 2011 as Vice President and Chief Accounting Officer, and previously from October 1999 to December 2003 as Director – Joint Ventures and Alliances and Corporate Financial Analyst.  He also held various financial positions for Polymer Group, Inc. from 2004 to 2011, including Vice President – Finance U.S. from February 2008 through May 2011.

Oclaro, Inc. (NASDAQ: OCLR) announced that Pete Mangan has been appointed as chief financial officer (CFO), effective November 11, 2013.  Mangan, currently vice president, corporate finance for Oclaro, will succeed Jerry Turin, who previously announced plans to resign on November 8, 2013 to pursue other opportunities.  Mr. Mangan joined Oclaro in May 2012 as vice president of corporate finance. Mr. Mangan brings Oclaro nearly 30 years of experience in a wide range of finance positions with leading companies including AMD, Trident Microsystems, FormFactor, Spansion, Asyst Technologies, and Sun Microsystems.  Mangan served as CFO at Trident Microsystems from 1996 to 1998 and again from 2008 to 2012.

Mortgage Contracting Services announced that Paul Lee has been named the company’s chief financial officer. Mr. Lee works in the company’s Plano, Texas, headquarters and succeeds Michael Carroll, who is retiring after more than eight years as the company’s CFO. Before joining MCS, Mr. Lee most recently served as vice president and treasurer of Texas-based Safety-Kleen Systems Inc. He previously served as vice president, finance, for Capital Senior Living. Mr. Lee also has worked in various management and financial positions for Chief Auto Parts Inc. and Brice Foods Inc.

Annie’s, Inc. (NYSE: BNNY) announced the appointment of Zahir Ibrahim as Executive Vice President, Chief Financial Officer and Treasurer, effective November 13, 2013. Mr. Ibrahim was most recently Vice President Corporate Controller and Chief Accounting Officer at Molson Coors Brewing Company.  In addition to his most recent position with Molson Coors, Mr. Ibrahim previously served as a divisional chief financial officer for two global businesses.  Kelly Kennedy will resign as Chief Financial Officer and Treasurer, effective November 12, 2013, to spend more time with her family.  Ms. Kennedy intends to remain with the Company through fiscal 2014 to lead special projects and assist with a smooth transition. Michael Fleisher

Wayfair.com announced the appointment of Michael Fleisher as Chief Financial Officer. With Fleisher’s appointment, former CFO Nicholas Malone has been named Chief Administrative Officer. Prior to joining Wayfair.com, Fleisher served as Warner Music Group’s Vice Chairman, Strategy and Operations. Fleisher joined WMG in 2005 as its Executive Vice President and Chief Financial Officer. Before WMG, Fleisher served as Chairman and CEO of Gartner, Inc. Fleisher’s previous business experience includes roles at Bain Capital and Bain & Company.

BioDelivery Sciences International, Inc. (NASDAQ: BDSI) announced the appointment of Ernest R. De Paolantonio as Chief Financial Officer and Corporate Secretary. James A. McNulty, BDSI’s current Chief Financial Officer, Treasurer and Secretary, will remain with BDSI in the new role of Senior Vice President—Finance and Treasurer.  Over the past five years, Mr. De Paolantonio served as the Chief Financial Officer of CorePharma. In addition, he previously served in finance and controller positions in roles of increasing responsibility at Colombia Laboratories. Additionally, he served in various financial and controller positions at Taro Pharmaceuticals, Watson Pharmaceuticals and Danbury Pharmaceutical.  Mr. De Paolantonio began his career in finance at GlaxoSmithKline, where he spent over 17 years.

Infinera (NASDAQ: INFN) announced that chief financial officer Ita Brennan will resign effective February 28, 2014 to pursue another opportunity at a technology start-up. Ms. Brennan has served as Infinera’s CFO since June 2010. She joined Infinera in 2006 and served in various roles within the company’s finance group, prior to her promotion to CFO. Ms. Brennan will continue to direct Infinera’s finance activities as CFO until her departure date.

Quture International, Inc. (OTC: QUTR) announced agreement with Alejandro Guardiola to become its Chief Financial Officer immediately following filing of the Company’s 10-K. In the interim, Mr. Guardiola is serving as the primary financial advisor to Quture working with the Company’s auditors in all aspects filing.

Single Touch Systems, Inc. (OTC: SITO) announced the appointment of Kurt Streams as the Company’s new Chief Financial Officer. Former CFO John Quinn has resigned from Single Touch to become the Regional Managing Partner based in the New York City office at ParenteBeard, LLC, where Mr. Quinn had previously served as a Principal. Most recently, Mr. Streams was Partner at GBM LLC. Previously, he was Principal at RBSM LLP. Mr. Streams has served as CFO of three companies including IGIA, Inc. Prior, he was CFO at The Deal, LLC. He also served as CFO of Norland Medical. He began his career at Deloitte & Touche.

Europ Assistance USA (EA USA) and CSA Travel Protection (CSA), both owned by Europ Assistance Group, announced its new CFO, Donald Vetal Jr. Prior to EA USA and CSA, Vetal most recently served as CFO and group vice president of FrontierMEDEX Group. He was also president, and before that CFO, of CPM Holdings, and held fiscal leadership roles at Ocwen Financial Corporation, LifeDesign and US Assist, Inc. and Rowan Capital.

Enhanced Recovery Company, LLC announced the appointment of Michael Harrison as the Company’s Chief Financial Officer (CFO). Mike was previously CFO of Convergent Resources Holdings in Atlanta, where he partnered with a private equity firm to acquire and integrate the Convergent family of companies.  Prior to Convergent Resources Holdings, Mike was vice president of finance with two divisions of West Corporation and a senior audit manager at Deloitte & Touche.

SilkRoad announced the appointment of Merri Bonino as Chief Financial Officer. Bonino succeeds Michael Cullinane, who served as Executive Vice President and Chief Financial Officer since May 2008 until his retirement on September 30, 2013.

MGIC Investment Corporation (NYSE: MTG) announced that J. Michael Lauer, who has been the Company’s Chief Financial Officer since 1989, is retiring February 28, 2014.  Timothy J. Mattke, the Company’s Controller since 2009, will become Chief Financial Officer effective upon Mr. Lauer’s retirement. Mr. Mattke has been with the Company for over seven years.  Prior to his becoming Controller, he was Assistant Controller of Mortgage Guaranty Insurance Corporation (“MGIC”), since August 2007 and prior to that was a manager in MGIC’s accounting department.  Before joining MGIC, Mr. Mattke was an audit manager and an auditor with PricewaterhouseCoopers LLP.

Coast Bancorp (OTC: CTBP) announced it has selected Paul Cable to serve as Executive Vice President and Chief Financial Officer of both Coast Bancorp and its wholly owned subsidiary, Coast National Bank. Mr. Cable most recently served as Finance Executive with Regents Bank. His professional history includes more than 20 years of experience as Chief Financial Officer with various sizes of community banks in Southern California. Mr. Cable will succeed former Chief Financial Officer Karan Pohl who resigned in May 2013.

Fulton Financial Corporation (NASDAQ: FULT) announced that Patrick S. Barrett will join the company as Senior Executive Vice President and member of Fulton Financial’s senior management team, effective November 4, 2013. Upon the retirement of the Corporation’s current Chief Financial Officer, Charles J. Nugent, at the end of 2013 as previously announced, Barrett will become the Chief Financial Officer. Barrett comes to Fulton from SunTrust Banks, Inc., where he served most recently as the Chief Financial Officer of SunTrust Bank’s Wholesale Bank. Prior to joining SunTrust in 2010, Barrett worked with JPMorgan Chase & Co. where he held a number of senior finance/managing director roles in Asia. His last role with JPMorgan was Deputy Head/Managing Director of Investor Relations in New York.  Before joining JPMorgan Chase & Co. in 2003, Barrett spent ten years with Deloitte & Touche.

Clinkle Corporation announced that Barry McCarthy has joined the company as chief operating officer. Prior to Clinkle, McCarthy spent 12 years, from 1999 to 2010, as chief financial officer of Netflix, Inc. He has also served on the boards of several private companies and as an executive advisor to Technology Crossover Ventures. Prior to Netflix, McCarthy held several positions at First Boston, where he worked with venture capital–backed and LBO investments.

Brickstream announced that John E. Kahn has been appointed Chief Financial Officer of the company. With Mr. Kahn’s appointment, Brickstream’s previous CFO, Paul Williams, becomes Chief Accounting Officer.

Good Technology announced that Ron Fior has joined the company as Chief Financial Officer (CFO). Ron joins Good from Callidus Cloud, a Pleasanton, CA -based enterprise software  company, where he was CFO. Prior to Callidus, Ron held various leadership positions, including CFO for Ingenuity Systems, CFO and vice president of finance and operations at Remedy Corporation and vice president and Group CFO at International Thompson Publishing Group.

Profire Energy, Inc. (OTC: PFIE) announced that Ronald R. Spoehel, the former Chief Financial Officer (CFO) of the National Aeronautics and Space Administration (NASA), has joined its Board of Directors. Mr. Spoehel served as NASA CFO from 2007 to 2009. Prior to his time at NASA, Mr. Spoehel spent ten years in investment banking, including five years as Vice President of Bank of America primarily focused on energy and technology sectors. He has also served as Chief Executive Officer, Chief Financial Officer, and Director of various technology and energy companies, including ManTech, ICx Technologies, and others. He has also served on the U.S. Air Force Audit Committee, as well as the Advisory Council for the Wharton and Engineering Schools at the University of Pennsylvania. He currently serves as Managing Partner of Windrock Capital LLC.

CFO Moves – week ending October 18, 2013

CFO Moves this week include:

Citrix Systems, Inc. The ADT Corporation Morningstar, Inc.
The Goodyear Tire & Rubber Company CareCloud The Walton Group of Companies
Osmotica Pharmaceutical Corp. Dorsey & Whitney LLP Florida East Coast Industries
Akebia Therapeutics ZS Pharma DCB Financial Corp
American DG Energy Inc. IDEXX Laboratories, Inc. Axion Power International, Inc.
Newfield Exploration Company Affinia Group Inc. Dice Holdings, Inc.
AppDynamics, Inc. Apigee AllSector Technology Group, Inc.
Echo Automotive, Inc. Spherix Incorporated Harvard Bioscience, Inc.
Laboratory Corporation of America Holdings Chemung Financial Corporation Verengo Inc.
AquaMost, Inc. CSM Corporation

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 s.dergel@stantonchase.com or by phone at +1 (415) 738-2070.

+ + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + +

Citrix Systems, Inc. (NASDAQ: CTXS) announced that President and Chief Executive Officer Mark B. Templeton is taking a temporary leave of absence for family reasons. David J. Henshall, Chief Financial Officer and Executive Vice President of Operations, will serve as Acting CEO during Mr. Templeton’s absence. Mr. Templeton will remain on the Citrix Board of Directors. Henshall joined Citrix in 2003. Most recently, Henshall served as Chief Financial Officer of Rational Software Corporation, a software company acquired by IBM in 2003. He previously held financial management positions at Cypress Semiconductor Corp. and Samsung Semiconductor Corp. Michael Geltzeiler

The ADT Corporation (NYSE: ADT) announced that Michael Geltzeiler will join the company as its chief financial officer. Geltzeiler is currently the chief financial officer and group executive vice president at NYSE Euronext. Prior to joining NYSE Euronext five years ago, Geltzeiler served as president for school and educational services at the Reader’s Digest Association, and was the organization’s chief financial officer and senior vice president from 2001 to 2007. He also served as chief financial officer of marketing services, corporate controller and chief financial officer for the EMEA region at ACNielsen Corporation, and in a variety of senior finance positions both in the United States and abroad at Dun & Bradstreet.

Morningstar, Inc. (NASDAQ: MORN) announced that Stephane Biehler is joining Morningstar as chief financial officer. Biehler has served as chief accounting officer and corporate controller for NYSE Euronext since 2007. Biehler worked for Archipelago Holdings in Chicago as corporate controller from 2004 to 2006 and joined NYSE Group in 2006 as controller when the firms merged. He started his career at Deloitte, where he worked for nine years.

The Goodyear Tire & Rubber Company (NASDAQ: GT) announced that executive vice president and chief financial officer Darren R. Wells has been named president of Goodyear’s Europe, Middle East, and Africa (EMEA) business unit. Laura K. Thompson, vice president of finance, North America, will succeed Wells as executive vice president and chief financial officer. Wells has been Goodyear’s executive vice president and CFO since October, 2008. Previously, he served as senior vice president of finance and strategy and, prior to that, senior vice president, business development and treasurer. Wells joined Goodyear as vice president and treasurer in August 2002. Thompson has been vice president of finance for the company’s North American business since 2011.Scott Lenz

CareCloud announced that it has hired R. Scott Lentz as its new Chief Financial Officer (CFO). Prior to joining CareCloud, he served as CFO of Aprima Medical Software, Inc., PracticeOne, Inc., and Picis, Inc., as well as COO of Streamline, Inc. He is currently an advisory board member to WorkersCount, Inc. and Cyber Holdings, Inc. Mr. Lentz began his career in the military, serving six years as a commissioned officer in the U.S. Coast Guard.

The Walton Group of Companies announced the appointment of Robert Laak as Chief Financial Officer for Walton Development and Management (WDM). Mr. Laak most recently served as Corporate Vice President, Mergers and Acquisitions, for Meritage Homes Corporation. Mr. Laak also served as Corporate Vice President for Finance at Meritage where he led company real estate and joint venture financing activities.

Osmotica Pharmaceutical Corp. announced the appointment of Kenneth Gayron as Vice President and Chief Financial Officer. Prior to joining Osmotica, Ken was Vice President and Treasurer of Sensus. Prior to becoming a Corporate Financial Officer, Ken was an Executive Director with UBS Investment Bank and CIBC World Markets. Previously, Ken also served as Treasurer of Nuance Communications.Robert Skip Swayze

Dorsey & Whitney LLP announced that it has named Robert L. “Skipp” Swayze as its new Chief Financial Officer. Mr. Swayze was most recently the Chief Financial Officer of Dallas-based Gardere Wynne & Sewell, where he served from 2006 to 2013. Before that, he served in a variety of finance and management functions for Fulbright & Jaworski, Perkins Coie, Gray Cary Ware & Freidenrich (today part of DLA Piper) and Baker & McKenzie.

Florida East Coast Industries announced the addition of Jason Bewley as Chief Financial Officer (CFO) of All Aboard Florida. Mr. Bewley was Vice President of Corporate Finance for World Fuel Services. Previously, Mr. Bewley was Senior Director of Finance and Investor Relations for AirTran Airways and a member of the finance management team at Universal Orlando.

Akebia Therapeutics announced that it has appointed Jason A. Amello as Senior Vice President, Chief Financial Officer and Treasurer. Mr. Amello previously served as Executive Vice President, CFO and Treasurer of ZIOPHARM Oncology and as Senior Vice President, Corporate Controller and Chief Accounting Officer of Genzyme Corporation. Earlier in his career, Mr. Amello spent 10 years in the business advisory and assurance practice of Deloitte.

ZS Pharma announced that Todd Creech has joined the company as chief financial officer. Prior to joining ZS Pharma, Creech was CFO and vice president of business development at Sarcode Biosciences prior to its acquisition by Shire Pharmaceuticals in August 2013. Previously, Creech was CFO of Sirion Therapeutics. Earlier in his career, Creech worked at NovaQuest. Prior to that, he co-founded Centice. Additionally, Creech has more than 10 years of experience consulting with biotech and high-tech companies while employed at SRI International and Andersen Consulting.

DCB Financial Corp. (OTC: DCBF) announced the appointment of J. Daniel Mohr as Executive Vice President and Chief Financial Officer. Mohr most recently served as Executive Vice President and Chief Financial Officer of Alliance Financial Corporation since 2006. Prior to 2006, he served in various executive-level positions with Partners Trust Financial Group, Inc. In addition to his banking experience, he also served as a Senior Auditor with KPMG, LLC.

American DG Energy Inc. (NYSE: ADGE) announced the appointment of Jesse T. Herrick to the position of Chief Financial Officer at American DG Energy and EuroSite Power Inc. Prior to joining American DG Energy, Mr. Herrick served as Managing Director at Scarsdale Equities LLC, and previously held a senior equity analyst position for Merriman Capital. Mr. Herrick previously worked as an engineer for Lawrence Livermore National Laboratory, the Defense Advanced Research Projects Agency and ATK Space Systems.

IDEXX Laboratories, Inc. (NASDAQ: IDXX) announced the appointment of Brian McKeon to serve as the Company’s Executive Vice President and Chief Financial Officer, effective January 1, 2014. McKeon will join the Company after having spent the past six years as Executive Vice President and Chief Financial Officer at Iron Mountain. Prior to joining Iron Mountain in April 2007, McKeon served as Executive Vice President and Chief Financial Officer at The Timberland Company, a position he held from March 2000 to April 2007. Prior to joining Timberland, he held several finance and strategic planning positions with PepsiCo, Inc., from 1991 to 2000, serving most recently as Vice President, Finance at Pepsi-Cola, North America. Prior to joining PepsiCo, McKeon worked as a strategy consultant with the Alliance Consulting group and as an auditor with Coopers & Lybrand. McKeon has served as a member of the Board of Directors of the Company since July 2003. In his Board capacity, he served as Chair of the Audit Committee and as a member of the Compensation Committee. In connection with his appointment as Chief Financial Officer of the Company, McKeon has resigned as a member of the Company’s Audit Committee and Compensation Committee, effective October 11, 2013, and has resigned from the Board of Directors effective upon

Axion Power International, Inc. (OTC: AXPW) announced the appointment of Stephen Graham as Chief Financial Officer of the Company. He succeeds Charles Trego, who resigned for personal reasons and was elected to the Board of Directors by the shareholders at the Annual Shareholder Meeting on September 26. Mr. Graham was most recently Executive and Financial Consultant with CMF Associates LLC. During his tenure with CMF (2012-2013) he served as Interim CFO for a renewable energy company, and acted as onsite due diligence officer for the private equity firm that provided the company’s financing. Prior to his service at CMF, Mr. Graham was with Associated Materials LLC from 2009 to 2012. His tenure with this $1.2 billion building materials company included the positions of Senior Vice President, Treasurer and Secretary and Chief Financial Officer. He served at Wastequip Inc from 2008 to 2009 as CFO. From 2001 to 2008, he was Executive Vice President and CFO of Shiloh Industries. Prior to that he held positions at Republic Technologies International Inc., Dura Automotive Systems Inc., Truck Components Inc., and Grand & Toy Ltd. He began his career in 1982 at Magna International.

Newfield Exploration Company (NYSE: NFX) announced that Terry W. Rathert, a Newfield founder and the Executive Vice President and Chief Financial Officer (CFO), will retire in 2014, after more than 25 years with the Company. The company intends to appoint Lawrence S. Massaro to succeed Rathert as Executive Vice President and CFO effective November 11, 2013. Rathert will serve as special advisor through August 2014, assisting during this transitional period. Massaro has been a member of Newfield’s management team since March 2011 as Vice President, Corporate Development. Prior to joining Newfield, he was a Managing Director at JP Morgan in its oil and gas investment banking group. He has held a number of management and professional positions at various companies including Amerada Hess and British Petroleum.

Affinia Group Inc. has named Steve Klueg chief financial officer as veteran CFO Thomas Madden announces his plans to retire December 31, 2013. Steve Klueg comes to Affinia from his post as chief financial officer of ReCommunity Recycling. He additionally served as vice president and treasurer for World Fuel Services Corp. He also held assistant treasurer positions at Ingersoll-Rand and SPX Corporation

Dice Holdings, Inc. (NYSE: DHX) announced that John Roberts has today joined the company as Chief Financial Officer, succeeding Michael Durney who became the Company’s President and CEO on September 30, 2013. Most recently, from 2011 Mr. Roberts served as Chief Financial Officer of BrightLine. Earlier in his career, he was a key leader in scaling the operational and financial performance as the CFO of Right Media, which was ultimately sold to Yahoo!, and served as the Chief Financial Officer of two public companies, Arbinet-thexchange, Inc. from 2004 to 2006 and Razorfish, Inc. from 2000 to 2003. Mr. Roberts started his career with PricewaterhouseCoopers LLP where he served for more than a decade ultimately becoming an Audit Partner.

AppDynamics, Inc. announced that Walter Berger, recent CFO of IBM-acquired SoftLayer, has joined the company as Chief Financial Officer. Most recently, Walter was CFO of SoftLayer, which was acquired by IBM earlier this year. Prior to that, he has been CFO of Leap Wireless, CBS Radio, Emmis Communications and LG&E Energy. Steve Valenzuela

Apigee announced that Steve Valenzuela has joined the company as chief financial officer (CFO). Valenzuela joins Apigee from Citrix, where he served as vice president of finance and operations for the mobile platforms group. Prior to Citrix, Steve was CFO at Zenprise, where he played a key leadership role in the successful sale and integration of Zenprise into Citrix. He also served as CFO for Rainmaker Systems, and as CFO of PlanetRx. Before this, Steve was the CFO of LinkExchange, which was acquired by Microsoft. Earlier, Steve held financial leadership roles at Tandem Computers, Atari and Intel.

AllSector Technology Group, Inc. announced the appointment of Stephen Walsh to chief Stephen Walshfinancial officer. Walsh comes to AllSector from Visiting Nurse Service of New York, where he served for 15 years — most recently as director of IT finance. Prior experience includes PharMerica, Inc., Olsten-Kimberly Quality Care, and United Hospital.

Echo Automotive, Inc. (OTC: ECAU) announced that Todd Lawson has been appointed Chief Financial Officer. Prior to joining Echo Automotive, Mr. Lawson served as Chief Financial Officer for SNTech, Inc. Previously, Mr. Lawson was Vice President of Finance at 41st Parameter. Mr. Lawson also served as CFO of Vcommerce Corporation, and held senior financial positions at Primarion and Vivid Semiconductor. He began his career at Ernst & Young LLP.

Spherix Incorporated (NASDAQ: SPEX) announced that it has hired Michael Pollack to serve as its Interim Chief Financial Officer. Mr. Pollack is currently a partner at KBL, LLP and serves as the head of its Corporate Finance Group and Public Company Reporting Group.

Harvard Bioscience, Inc. (NASDAQ: HBIO) has hired Robert E. Gagnon as Chief Financial Officer, effective as of the date of HBIO’s planned spin-off of Harvard Apparatus Regenerative Technology, Inc., or HART, which is anticipated to be November 1, 2013, or the Distribution Date. From October 23, 2013 until the Distribution Date, Mr. Gagnon will initially serve as HBIO’s Executive Vice President – Finance. Mr. Gagnon was recently Executive Vice President, Chief Financial Officer and Treasurer at Clean Harbors, Inc. (NYSE:CLH). Prior to this, he served in progressive executive positions at Biogen Idec, Inc. Earlier, he worked in a variety of senior positions at Deloitte & Touche, LLP, and PricewaterhouseCoopers, LLP. Thomas McNaughton, who has served as Harvard Bioscience’s Chief Financial Officer since November 2008, will resign from that position effective as of the Distribution Date to retain the role of Chief Financial Officer at Harvard Apparatus Regenerative Technology, Inc. (“HART”).

Laboratory Corporation of America Holdings (LabCorp®) (NYSE: LH) announced that Brad Hayes, Executive Vice President, Chief Financial Officer and Treasurer, plans to retire in 2014. The Company expects that Brad will continue in his capacity as CFO through the first half of 2014, unless a successor is named and the transition is completed before that time.Karl Krebs

Chemung Canal Trust Company (CCTC) announced that Karl F. Krebs has joined the bank’s management team as Executive Vice President, Chief Financial Officer & Treasurer. Mr. Krebs was also appointed Chief Financial Officer and Treasurer of Chemung Financial Corporation (NASDAQ: CHMG), CCTC’s parent company. Mr. Krebs began his career in 1982 and most recently served as Executive Vice President & Chief Financial Officer of Financial Institutions Inc./Five Star Bank, in Warsaw, NY. He is a Board Member of the Buffalo Museum of Science and a past member of the Board of Trustees of the New York State Bankers Retirement System, where he also served on the group’s Investment Committee. During his banking career he has held management positions at: Goldome Bank, Key Corp, National City and HSBC before joining Financial Institutions/Five Star.Mike Hansen

Verengo Inc. announced that Michael Hansen has joined the company as Chief Financial Officer. Hansen worked for six years as the Divisional Vice President of Finance for Smith’s Interconnect. More recently Hansen was CFO of RAE Systems Inc., where he helped in the successful sale of that company to Honeywell.

AquaMost, Inc. announced the appointment of Mark Henrickson as Chief Operating Officer. Henrickson has served as the company’s Chief Financial Officer since March 2012, will continue in his CFO role as well. Prior to joining AquaMost as Chief Financial Officer, Henrickson spent four years at Broadwind Energy, Inc., most recently as Director of Finance. Earlier in his career, Henrickson was an equity research analyst at Robert W. Baird & Co; he began his career at Deloitte.

CSM Corporation has named Chris Fodor chief financial officer for the real estate development and management company. Ms. Fodor was previously the highly successful vice president & chief accounting officer for CSM Corporation. Prior to joining CSM Corporation, Ms. Fodor served in the role of principle for Entero, one of Minnesota’s top IT and Finance staffing firms. She also held the title of senior director financial planning and analysis for Buffets, Inc., of Minneapolis.