CFO Moves – week ending January 17, 2014

CFO Moves this week include:

General Motors Express Scripts Holding Company RadioShack Corporation
Freescale Semiconductor, Ltd. ZeOmega, Inc. Bartech
Rightside Quaker Steak & Lube® STV
FAL Foods USA Inc. Cardinal Energy Group, Inc. Infinera
Hacker Group USMD Holdings, Inc. Medallia
Cat Auction Services Devon Energy Corporation CallFire
Advanced Content Services, Inc. Electronics For Imaging, Inc. Heritage Oaks Bancorp
GT Advanced Technologies Inc. Susquehanna Bancshares, Inc. Excelsior Mining Corp.
CymaBay Therapeutics, Inc. SMTP, Inc. Agility Health, Inc.

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CFO Moves is published by Samuel Dergel (Executive Search Consultant and CFO & Financial Executive Search Specialist with Stanton Chase International). Samuel can be reached by email at s.dergel@stantonchase.com or by phone at +1 (415) 738-2070.

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General Motors Co. (NYSE: GM) named Chuck Stevens as executive vice president and chief financial officer, effective Jan. 15. He replaces Dan Ammann, who becomes company president on Jan. 15. Stevens was previously CFO of GM North America. Stevens became CFO of GM North America in January 2010. He was also interim CFO of GM South America from December 2011 to January 2013.Stevens previously held leadership positions in China, Singapore, Indonesia and Thailand. He began his career at Buick Motor Division in 1983. John Stapleton, currently CFO of GM Global Manufacturing, will replace Stevens as CFO of North America. Stapleton has more than 24 years of financial experience at GM.

Express Scripts Holding Company (NASDAQ: ESRX) announced that Cathy R. Smith will join the company as Executive Vice President and Chief Financial Officer, effective February 10, 2014. She will join Express Scripts from Walmart, where she has been executive vice president of strategy and chief financial officer for Walmart International since February 2010. Before joining Walmart, she was executive vice president and chief financial officer at GameStop. Prior to GameStop, she held executive vice president and chief financial officer roles at Centex Corp., and Kennametal.

RadioShack Corporation (NYSE: RSH) announced the appointment of John W. Feray as its new Executive Vice President and Chief Financial Officer effective February 6, 2014. Mr. Feray joins RadioShack from Dollar General Corporation, where he has been Senior Vice President-Finance and Strategy since 2008. Prior to joining Dollar General, Feray served as Senior Vice President and Chief Financial Officer of First American Payment Systems. Before that he spent several years as Senior Vice President and Chief Financial Officer of Haggar Corporation. RadioShack’s Interim CFO Holly Etlin will continue to work with the Company as a member of the AlixPartners team advising the company on its operational turnaround.

Freescale Semiconductor, Ltd. (NYSE: FSL) announced that it has launched a formal process to identify a successor to Alan Campbell, chief financial officer, who has announced his decision to retire from the company. Campbell will continue in his role as CFO during the transition. Campbell joined Motorola in 1979 and became the chief financial officer of its Semiconductor Products Sector in 2000.

ZeOmega, Inc. announced that Steve Lerch has joined the ZeOmega team as senior vice president and chief financial officer for the company. Lerch joins ZeOmega from MedeAnalytics, where he was senior vice president and general manager for the company’s Provider Solutions Business Unit. He had served initially as chief financial officer for MedeAnalytics. Lerch began his career in public accounting and was a business assurance partner with Coopers & Lybrand, now PricewaterhouseCoopers. Prior to joining MedeAnalytics, he worked with three publicly-held companies, serving as chief revenue officer for Inuvo, the EVP, CFO and COO for Workstream, and the EVP, CFO, and COO for Rewards Network.

Bartech announced that James (Jim) Hanrahan, has been appointed executive vice president and chief financial officer (CFO). Most recently, Hanrahan served as executive vice president and general manager for a division of CDI Corporation. Hanrahan started his professional career as an engineer for UOP Process Division of Allied Signal/Honeywell.

Rightside, the domain name services division of Demand Media (NYSE: DMD), announced the recent appointment of Tracy Knox as Chief Financial Officer (CFO). Most recently, Knox was CFO for private equity-backed A Place for Mom, Inc. During her career, Knox served as the CFO of Drugstore.com. Prior to joining Drugstore.com, Knox worked for Western Wireless International as the Director of International Accounting where she managed the company’s global financial operations.

Quaker Steak & Lube®announced that Frederick Dreibholz, current chief financial officer, has been named interim chief executive officer. Dreibholz replaces John Longstreet who is stepping down as chief executive officer.  After serving on the board of directors since 2004, Longstreet became chief executive officer in 2010. Dreibholz joined Quaker Steak & Lube® in November 2012 as chief financial officer.  Prior to The Lube®, Dreibholz held the position of chief financial officer for several restaurant groups, including Flik International, Champps Entertainment and Souper Salad.

STV announced that Thomas W. Butcher has joined as chief financial officer. Prior to joining STV, he was the chief financial officer and treasurer of a privately-held civil engineering firm. Butcher began his career with the global accounting firm Ernst & Young, LLP. Butcher is replacing Peter W. Knipe, who retired from STV as CFO after 34 years with the firm. Knipe will continue to consult with the firm and will remain a member of STV’s Board of Directors.

FAL Foods USA Inc. appointed Corey M. Aronin as Chief Financial Officer. Most recently he served as the CFO to an international manufacturer of frozen baked desserts.

Cardinal Energy Group, Inc. (OTC: CEGX) announced that it has appointed John Jordan as Chief Financial Officer for the Company. Mr. Jordan will replace Daniel Troendly who has resigned due to health reasons. Mr. Jordan spent over 36 years with Unocal Corporation and its successor Chevron Corporation in various assignments within the Comptroller’s Department.

Infinera (NASDAQ: INFN) announced the appointment of Brad Feller as Senior Vice President of Finance. He joins Infinera following more than five years in senior finance positions at Marvell Technology Group. Mr. Feller most recently served as Marvell’s interim chief financial officer. It was also announced that effective March 1, 2014, Mr. Feller will become Infinera’s CFO, replacing Ita Brennan, who previously announced her resignation effective February 28, 2014. Ms. Brennan will continue to direct Infinera’s finance activities as CFO until her departure date. Prior to Marvell, Mr. Feller served as the corporate controller of Integrated Device Technology and in various roles at Ernst & Young LLP in the high technology.

Hacker Group announced that Richard Jacroux has been named its new Chief Financial Officer (CFO). Jacroux has held CFO positions since 2006, at Cole & Weber, Inc, Light Doctor, LLC, and most recently at Digital Kitchen LLC.

USMD Holdings, Inc. (NASDAQ: USMD) announced that Carolyn Jones has been appointed Chief Financial Officer and Executive Vice President. Prior to becoming CFO of USMD and joining the USMD executive management team, Jones served as USMD interim CFO. Previously, Jones was affiliated with the Tatum division of Ranstand Professionals US, LP. During her time there, she completed assignments as interim vice president of Financial Planning & Analysis for Tenet Healthcare and interim CFO of the Dallas Independent School District. Prior to her time with Tatum, Jones served as co-founder of Jones & Co., a financial consulting firm. She also has experience serving as vice president of Financial Planning & Analysis for PacificCare of California. Additionally, Jones has held financial and accounting positions with PriceWaterhouseCoopers and First Interstate Bank.

Medallia® announced the appointment of Chris Watts as Chief Financial Officer. Watts joins Medallia from Workday where he was vice president of finance. Prior to Workday, Watts held management and executive-level finance positions in Europe and the U.S. at eBay, Commerce One, PricewaterhouseCoopers, and VUDU.

Cat Auction Services (CAS) announced that Gary Trettel, previously its Chief Financial Officer and General Manager, will take over as the company’s new President and CEO. Prior to joining CAS in 2010, Trettel spent 11 years with Mohawk Moving & Storage-United Van Lines, serving as its controller, EVP and then finally the President and CEO, before leaving in 2010.

Devon Energy Corporation (NYSE: DVN) announced that Thomas L. Mitchell will be joining the company as executive vice president and chief financial officer. Most recently, after playing an instrumental role in taking Midstates Petroleum Company public, Mitchell served as vice president, CFO and as a director of Midstates. From 2006 to 2011, he served as senior vice president and chief financial officer of Noble Corporation. Prior to joining Noble, he was employed by Apache Corporation for 18 years in various financial and commercial roles. In a related move, Devon’s incumbent CFO, Jeff Agosta, is leaving to pursue other interests.

CallFire announced that Charles Hilliard has been named to its board of directors. Hilliard was the former president and CFO of Demand Media, advisor to DropBox, and CFO of United Online, Inc. (NASDAQ: UNTD) and NetZero.

Advanced Content Services, Inc. (OTC: ADCS) announced that Jim DiPrima is currently serving as the company’s CFO. Mr. DiPrima has served as chief executive officer of MBD Midwest. Mr. DiPrima has approximately 18 years working in various positions with public traded companies.

Electronics For Imaging, Inc. (NASDAQ: EFII) announced the appointment of David Reeder as Chief Financial Officer. Reeder most recently held the position of VP, Finance of Cisco’s System’s Enterprise Networking Division. Prior to that role, Reeder served at Broadcom Corporation as Vice President & Managing Director, Asian Operations, after serving as Controller for Broadcom’s U.S. Manufacturing and Operations. Before joining Broadcom Reeder held various financial and operational positions with Texas Instruments. Marc Olin, who has served as the Company’s Interim Chief Financial Officer since September, 2013, has been appointed to the newly created role of Chief Operating Officer. Marc Olin joined EFI in 2003 when the Company acquired PrintCafe, where he was CEO and Co-Founder.

Heritage Oaks Bancorp, the holding company for Heritage Oaks Bank (NASDAQ: HEOP) announced that the Company’s and the Bank’s Executive Vice President and Chief Financial Officer, Mark Olson, has tendered his resignation effective January 31, 2014. In the interim, Simone Lagomarsino, an experienced financial services executive who has previously served as a chief financial officer at other institutions, will assume Mr. Olson’s duties and she will serve as President, Chief Executive Officer and Interim Chief Financial Officer.

GT Advanced Technologies Inc. (NASDAQ: GTAT) announced a chief financial officer transition. CFO Richard Gaynor resigned, effective March 6, 2014, to accept a new position with a portfolio company of New Mountain Capital LLC, a private equity firm. The company also announced the appointment of Raja Bal as vice president, corporate controller and chief accounting officer. Bal will succeed Gaynor as CFO of GT on March 7. Bal was at Skyworks Solutions Inc. for the last 12 years and served as corporate controller and in a number of other senior finance positions, including director of corporate development with responsibility for strategic planning and mergers and acquisitions. Bal previously held positions with Lucent Technologies and Ernst and Young. Michael Harrington

Susquehanna Bancshares, Inc. (NASDAQ: SUSQ) announced that Executive Vice President and Treasurer Michael W. Harrington also assumed the role of Chief Financial Officer following the retirement of Drew K. Hostetter from the role of CFO at the end of 2013.

Excelsior Mining Corp. (OTC: EXMGF) announced the appointment of Sonya Atwal as Chief Financial Officer of the Company. Ms. Atwal previously served as Chief Financial Officer of Excelsior from 2007 to 2011 and as Corporate Secretary from 2009 to 2010. She has also acted as Chief Financial Officer and Controller with numerous other public and private companies. Ms. Atwal replaces Samuel Yik as Chief Financial Officer.

CymaBay Therapeutics, Inc. announced that Sujal Shah has been appointed Chief Financial Officer. Mr. Shah served as a consultant and acting Chief Financial Officer since June 2012. Prior to joining CymaBay, Mr. Shah served as Director, Health Care Investment Banking at Citigroup from 2010 to 2012. From 2004 to 2010, Mr. Shah was employed with Credit-Suisse, last serving in the capacity as Vice President, Health Care Investment Banking.

SMTP, Inc. (OTC: SMTP) announced the appointment of Lewis Moorehead as SMTP’s new Chief Financial Officer. Most recently, Mr. Moorehead was VP of Finance and Principal Accounting Officer of Limelight Networks. Previously, Mr. Moorehead was VP and Chief Accounting Officer of eTelecare Global Solutions. Mr. Moorehead began his career at PricewaterhouseCoopers, and after nine years of service he joined American Express as Vice President and Controller.

Agility Health, Inc. (TSX-V: AHI) announced that Adam Kinder has been appointed as the Company’s interim Chief Financial Officer. Mr. Kinder is replacing Michael Valdes, who has resigned as the Company’s Chief Financial Officer to pursue other interests. Mr. Kinder has been serving as Agility Health’s Director, Accounting and Finance. Prior to accepting his position with Agility Health, Mr. Kinder worked for Crowe Horwath, LLP.

CFO Moves – week ending January 10, 2014

CFO Moves this week include:

Watts Water Technologies, Inc. The Madison Square Garden Company The Henry Ford
Amneal Pharmaceuticals LLC Frontier Utilities, LLC Sterling Infosystems
Nintex Gravitant Boart Longyear Limited
Emulex Corporation Spherix Incorporated Kite Pharma, Inc.
AutoNation, Inc. Bunge North America Capital Insurance Group
Evolution Petroleum Corporation Velti plc Agree Realty Corporation
Blyth, Inc. Marinus Pharmaceuticals, Inc. Pericom Semiconductor Corporation
AmeraMex International, Inc. Telx New Relic
Planet Payment, Inc. Reterro, Inc. Town Sports International Holdings, Inc.
EmployBridge Littelfuse, Inc. Torrington Savings Bank
Amgen JBT Corporation Infinity Augmented Reality, Inc.
Algeco/Scotsman Holding S.à r.l. International Commercial Television, Inc. The Hignell Companies
Fred’s Inc. Global Geophysical Services, 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.

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Watts Water Technologies, Inc. (NYSE: WTS) announced that the Board of Directors has named Dean P. Freeman, currently the Company’s Executive Vice President and Chief Financial Officer, as interim President and Chief Executive Officer. Freeman joined the Company in October 2012 and was appointed Executive Vice President and Chief Financial Officer in November 2012. Mr. Freeman previously served as Senior Vice President of Finance and Treasurer of Flowserve Corporation from October 2009 to October 2011. Also while at Flowserve, Mr. Freeman served as Vice President, Finance and Chief Financial Officer of the Flowserve Pump Division from 2006 to October 2009. Prior to Flowserve, Mr. Freeman served as Chief Financial Officer, Europe for The Stanley Works Corporation. Mr. Freeman also served in financial executive and management roles of progressive responsibility with United Technologies Corporation and SPX Corporation.

The Madison Square Garden Company (NASDAQ: MSG) announced that Bob Pollichino will retire as executive vice president and chief financial officer in the fall of 2014. Until then, Mr. Pollichino will continue with the company, while assisting with the search for his successor, which the company is commencing. After his retirement, Mr. Pollichino will continue to advise MSG as an active consultant for 12 months. Brent Ott

The Henry Ford has promoted Brent Ott to Chief Financial Officer. Ott has served as manager of financial strategy and analysis for The Henry Ford since 2011. Ott started his career with The Henry Ford in 2000 and began working in the finance department in 2005 as financial analyst for the institution.

Amneal Pharmaceuticals LLC announced that Rochelle Fuhrmann has joined the fast-growing generics manufacturer as Chief Financial Officer. Ms. Fuhrmann was most recently Senior Vice President, Finance at Warner Chilcott plc. Prior to Warner Chilcott, Ms. Fuhrmann held various positions in finance, corporate accounting, and investor relations at AT&T Inc. She began her career at Coopers & Lybrand LLC (now PriceWaterhouseCoopers) in Boston.

Frontier Utilities, LLC announced that Chris Weaver has joined its executive team as Chief Financial Officer. Mr. Weaver joins Frontier Utilities from AP Gas & Electric LLC where he was Controller and then Chief Financial Officer before becoming Chief Executive Officer. Prior to AP Gas & Electric, he spent several years with Deloitte where he managed audit services to utility and power generation clients.

Sterling Infosystems announced Daniel P. O’Brien as its new Chief Financial Officer. Before joining Sterling, O’Brien spent much of his career in the telecommunications industry as CFO of Hawaiian Telcom Holdco, a former Verizon subsidiary, and Global Crossing, a subsidiary of Level 3. Earlier in his career, he led the initial public offering of Genuity Corporation as its Chief Financial Officer. He also served as CFO for GTE Corporation, taking a leading role in its merger with Bell Atlantic. This merger led to the formation of Verizon. Most recently, O’Brien served as CFO of Jackson Hewitt.

Nintex announced that Eric Johnson has joined the company as chief financial officer. Johnson comes to Nintex from Jive Software, where he served as vice president of finance. Prior to joining Jive, Johnson spent seven years at Serena Software, holding financial and operational leadership positions, including director of finance and accounting for the Americas and Asia Pacific and vice president of worldwide sales operations. Johnson also held finance positions with Sequent Computer Systems, which was acquired by IBM, and with InFocus.Ken Kieley

Gravitant® announced it has hired Ken Kieley as its Chief Financial Officer. Prior to joining Gravitant, Ken was Senior Vice President of Finance at RetailMeNot. Prior to RetailMeNot, Ken was CFO of a number of networking and software companies including Uplogix, Wayport (which was acquired by AT&T) and Netsolve (which he led to a successful IPO and subsequent sale to Cisco).

Boart Longyear Limited (ASX: BLY) announced that Jeffrey Olsen will be joining the Company as its Chief Financial Officer effective April 1, 2014, replacing Jay Clement who was Acting CFO. Jeff has served as Chief Commercial Officer for Rio Tinto’s Iron & Titanium business since 2010. Prior to that time, he was Chief Financial Officer for Rio Tinto’s Borax and Minerals divisions for approximately eight years and held other financial roles at Rio Tinto for another six years earlier in his career. Jeff’s experience also includes financial roles at General Chemical Corporation and Xerox Corporation in the United States.

Emulex Corporation (NYSE: ELX) announced the appointment of Kyle B. Wescoat as Senior Vice President (SVP) and Chief Financial Officer (CFO). In addition, Wescoat has also assumed the role of Emulex Treasurer. Wescoat comes to Emulex with more than 25 years of CFO experience in a variety of well-regarded private and public companies, including Orange County companies VIZIO, VANS, and most recently, Skullcandy.

Spherix Incorporated (SPEX) announced that it has appointed Richard Cohen as its Chief Financial Officer. Mr. Cohen joins Spherix after spending three years with CorMedix Inc., where he served as President, and a member of its board.  Mr. Cohen was also a member of the board of directors of Dune Energy Inc. from 2008-2012 and served as a director and Chairman of the Audit Committee of Rodman and Renshaw from 2008 to 2012.  Mr. Cohen replaces Michael Pollack who was serving as Interim Chief Financial Officer of Spherix.

Kite Pharma, Inc. announced the appointment of Cynthia M. Butitta to the newly created position of Executive Vice President and Chief Financial Officer.  Prior to joining Kite, Ms. Butitta served as Senior Vice President, Chief Financial Officer of NextWave Pharmaceuticals. Previously, she was Chief Financial Officer and Chief Operating Officer of Telik, Inc.  Previously, she served as Vice President of Finance and Administration and Chief Financial Officer for Connetics, Inc.

AutoNation, Inc. (NYSE: AN) announced that Cheryl Scully, Vice President and Treasurer of the Company, was appointed interim Chief Financial Officer while the Company conducts a search for a new Chief Financial Officer.  Mike Short, the Company’s Chief Financial Officer, left the Company.

Bunge North America, the North American operating arm of Bunge Limited (NYSE: BG) announced that it has promoted George Allard to vice president and chief financial officer.  Allard replaces Todd Bastean who was promoted to chief executive officer for Bunge North America effective June 1, 2013. Allard joined Bunge in 2004 as treasurer of Bunge North America.  He then served as chief financial officer for the company’s Canadian operations and for Bunge Latin America before returning to Bunge North America where he served as head of North America’s milling operations before moving to his most recent role as vice president and general manager of North America’s oils business.

Capital Insurance Group® (CIG) announced the appointment of Davis “Gray” Tyndall as Vice President and Chief Financial Officer, effective January 1. Tyndall will succeed retiring VP and CFO Bob Erickson. Tyndall joined CIG in 2008 as the Accounting Manager, later attaining the position of Controller and Assistant Treasurer in 2011. Prior to joining CIG, he served as the Controller and Human Resource Manager for Public Risk Underwriters.

Evolution Petroleum Corporation (NYSE MKT: EPM) announced that Vice President, Chief Financial Officer and Treasurer, Sterling McDonald, who will turn 65 in 2014, has informed the Company of his intention to retire pending his replacement. Mr. McDonald has served as CFO and Treasurer since 2003 and was the second employee hired by the Company.

Velti plc announced that Jeff Ross has resigned his position as chief financial officer.

Agree Realty Corporation (NYSE: ADC) announced the appointment of Brian R. Dickman as Chief Financial Officer and Secretary, effective on February 11, 2014.  Alan D. Maximiuk, the Company’s current Chief Financial Officer, will remain with the Company as Vice President, Finance & Accounting. Dickman most recently served as a Director in the Real Estate Investment Banking Group at RBC Capital Markets.  Mr. Dickman previously held similar positions at Lehman Brothers and Barclays.

Blyth, Inc. (NYSE: BTH) announced that William C. Looney has been named Chief Financial Officer of PartyLite, its direct seller of candles and accessories for the home. Mr. Looney joined PartyLite in 2003 as Vice President, Worldwide Finance and, in September of 2008, was promoted to Senior Vice President, Worldwide Finance.  Prior to joining PartyLite, Looney was the U.S. Controller for Serono, Inc.  He also held a number of senior finance positions with The Gillette Company from 1990 to 2002.

Marinus Pharmaceuticals, Inc. announced the election of Edward F. Smith to serve as Chief Financial Officer. He was previously Chief Financial Officer of PolyMedix, Inc. and held positions of increasing responsibility at InKine Pharmaceutical, until its acquisition by Salix Pharmaceuticals, and in public accounting, most recently in the audit practice at Deloitte.

Pericom Semiconductor Corporation (NASDAQ: PSEM) announced that it has appointed James B. Boyd to the position of Senior Vice President and Chief Financial Officer.  Mr. Boyd spent three years as chief financial officer for Silicon Storage Technology. Prior to that, Mr. Boyd spent seven years as chief financial officer of ESS Technology. Earlier, he was chief financial officer for Gatefield Corporation.

AmeraMex International, Inc. (PINK: AMMX) named Kevin Atkin as its chief financial officer and a member of its board of directors. Mr. Atkin has been working with AmeraMex International as a financial consultant since September 2013. Before joining AmeraMex International, Atkin was the president of Strategic Partners Global Solutions, LLC. He began his career in 1986 with Bank of America. Prior to Strategic Partners Global Solutions, he held the positions of financial director, CFO and general manager, COO and treasurer and director of finance and operations for a number of companies with locations on the West Coast.

Telx® announced that John Abbot has joined the company as Chief Financial Officer. Abbot joins Telx from Insight Communications, where he served as Executive Vice President and CFO. After working with Insight on its IPO as a banker, he joined the company as CFO in 2004. Prior to Insight, John worked for 12 years as an investment banker at Morgan Stanley and Goldman Sachs.

New Relic announced that Sarah Friar, Chief Financial Officer and Operations Lead at Square, has joined the software analytics company’s Board of Directors. Friar also held held roles at salesforce.com, Goldman Sachs and McKinsey & Company.

Planet Payment, Inc. (NASDAQ: PLPM) announced that the Company has appointed Robert J. Cox as Chief Operating Officer of the Company. Mr. Cox will also continue in his role as Chief Financial Officer. Mr. Cox has served as Senior Vice President, Chief Financial Officer and Treasurer since November 2009 and will continue to serve in such roles following his appointment as Chief Operating Officer. From June 2009 to November 2009, Mr. Cox served as the Chief Financial Officer of Harris Interactive, Inc. From 2001 to May 2009, Mr. Cox served as the Chief Financial Officer of DealerTrack Holdings, Inc. He began his career as a Certified Public Accountant in the audit practice at KPMG LLP.

Reterro, Inc. announced that Martin Gardner has joined the Company’s executive leadership team as its Chief Financial Officer. Mr. Gardner most recently served as Corporate Controller for Erickson Air-Crane Incorporated.  Prior to his tenure at Erickson, Mr. Gardner served as Vice President of Finance for McCormick and Schmick’s Management Group.  He also held senior financial management positions in the semiconductor industry with Lexar, Inc., and Mattson Technology, Inc.

Town Sports International Holdings, Inc. (NASDAQ: CLUB) announced the promotion of Daniel Gallagher from Chief Financial Officer to President and Chief Operating Officer. Mr. Gallagher will continue to serve as Chief Financial Officer until the Company appoints a successor. Mr. Gallagher joined the Company in 1999 and has served as Chief Financial Officer of the Company since March 2008.Shawn Poole

EmployBridge announced the appointment of Shawn Poole to the role of President and Chief Financial Officer. Mr. Poole joined Career Blazers, the predecessor of EmployBridge, in July 1999 and served as Executive Vice President, Chief Financial and Accounting Officer and Secretary.  Prior to joining Career Blazers, Poole was the Managing Director and Chief Financial Officer of Randstad North America.  Additionally, he has held positions as Executive Vice President, Chief Financial Officer, Secretary and Treasurer of American Studios Inc. and Senior Vice President and Chief Financial Officer of Carolina Freight Corporation.

Littelfuse, Inc. (NASDAQ: LFUS) announced that Philip G. Franklin has been promoted to Senior Vice President and Chief Financial Officer.Lesa Vanotti

Torrington Savings Bank announced that Lesa A. Vanotti, previously Vice President and Controller of the Bank, has taken over the role of Senior Vice President and Chief Financial Officer. Ms. Vanotti has worked at Torrington Savings Bank since 1996 when she joined the bank as an Accounting Assistant.  She has held various roles since then, including her most recent post as Vice President and Controller.

Amgen (NASDAQ: AMGN) announced that Jonathan M. Peacock, executive vice president and chief financial officer, is leaving Amgen to pursue broader career opportunities.  Peacock is expected to remain employed with the company until May to assist with the transition. Michael A. Kelly, an 11-year Amgen veteran, has been named acting CFO. Since joining Amgen in 2003, he has served in a number of executive finance assignments, including five years as chief accounting officer and more recently as CFO for international commercial operations.  Prior to joining Amgen, Kelly had finance roles at Tanox, Biogen and Monsanto Life Sciences.

JBT Corporation (NYSE: JBT) announced that Brian A. Deck will join the Company as Vice President and Chief Financial Officer effective February 3, 2014.  Ron Mambu, the Company’s current Vice President and Chief Financial Officer, had earlier announced his intent to retire and will remain with the Company through March to ensure a smooth transition. Deck will join JBT upon departing as Chief Financial Officer of National Material L.P. Prior to National Material, Brian was Vice President of Finance and Treasurer at Ryerson Inc. Prior to his service with Ryerson, Brian had increasing responsibilities with GE Capital, Bank One (now JPMorgan Chase & Co.), and Cole Taylor Bank.

Infinity Augmented Reality, Inc. (OTC: ALSO) announced that it has hired Ortal Zanzuri as its new CFO. Ms. Zanzuri comes from her most recent position as Corporate Controller for Pointer Telocation Ltd. In addition to her role at Pointer Telocation, Ms. Zanzuri served as controller at Retalix Ltd (RTLX). She also served as a Senior Accountant at Ernst & Young, and honed her craft as a trainee at Deloitte Brightman Almagor. Prior to entering into the world of finance, Ms. Zanzuri served four years with the Israeli Air Force. Ms. Zanzuri is replacing former CFO, Josh Yifat.

Algeco/Scotsman Holding S.à r.l. announced that Stephen Bishop will be appointed Executive Vice President and Chief Financial Officer of Algeco Scotsman effective as of January 15, 2014. It is anticipated that he will also be elected to Algeco Scotsman’s Board of Managers soon after such date. Mr. Bishop will succeed Thomas Kloster who will resign as Chief Financial Officer and from the Board of Managers effective as of January 15, 2014, to pursue other opportunities. Mr. Bishop was most recently CFO and COO of SeaCube Container Leasing Ltd. Prior to joining SeaCube, Mr. Bishop was CFO and EVP of Greatwide Logistics Services from 2007 to 2009, GeoLogistics Corp. from 2004 to 2007 and NetJets, Inc. from 1998 to 2004.

International Commercial Television, Inc. (OTC: ICTL) announced that our Board of Directors has appointed Ryan LeBon as Chief Financial Officer of the Company. LeBon joined the Company in June of 2013 as the Company’s Director of Financial Reporting. Prior to joining the Company, Mr. LeBon had over nine years of experience with Deloitte & Touche LLP, as an Audit Manager primarily serving SEC registrants, and as a Controller with General Electric. Richard Ransom, the previous Chief Financial Officer, continues as President of the Company. Mike Rossman

The Hignell Companies has named Mike Rossman as the new Chief Financial Officer. Mike Rossman has been serving as the Director of Project and Investor Development for the past 18 months. After 9 years of service at The Hignell Companies, current CFO Vito Mule’ will be leaving the company for another opportunity.

Fred’s Inc. (NASDAQ: FRED) announced that it is promoting Jerry Shore to the position of Chief Operating Officer. Shore also will continue his responsibilities as Chief Financial Officer.

Global Geophysical Services, Inc. (NYSE: GGS) announced the appointments of Mathew Verghese to the position of Executive Vice President and Chief Operating Officer and Sean Gore to the position of Senior Vice President and Chief Financial Officer. Mr. Verghese has served as the Company’s Senior Vice President and Chief Financial Officer since he joined Global in March 2009. Succeeding Mr. Verghese in the role of Senior Vice President and Chief Financial Officer is Sean Gore who most recently served as the Company’s Vice President, Corporate Development and Treasurer. Mr. Gore joined Global in October 2012. Before joining Global, Mr. Gore served as Chief Financial Officer for Aperio Energy Partners, LLC. During the period from 2005 through 2010, Mr. Gore was Vice President, Strategy and Development for U.S. Concrete. From 1995 through 2004, Mr. Gore served in various financial and operational capacities with Petroleum Geo-Services ASA, where in his last role he served as the Vice President Corporate Controller & Business Development.

CFO Moves – week ending January 3, 2014

CFO Moves this week include:

KMG Chemicals, Inc. ImmunoGen, Inc. MELA Sciences, Inc.
Eleven Biotherapeutics Techne Corporation Tessera Technologies, Inc.
PICS Auditing, LLC SoFi (Social Finance, Inc.) Activu Corporation
Sheppard Mullin Richter & Hampton LLP Cellular Biomedicine 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.

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KMG Chemicals, Inc. (NYSE: KMG) announced that Malinda Passmore has been named vice president and chief financial officer. Passmore will join KMG on January 27, 2014. Most recently, Passmore was chief financial officer of Country Fresh. Prior to her position as CFO of Country Fresh, Passmore was senior vice president finance for Archipelago Learning.

ImmunoGen, Inc. (NASDAQ: IMGN) announced the appointment of David Johnston as Executive Vice President and Chief Financial Officer. Mr. Johnston joins ImmunoGen from AVEO Pharmaceuticals Inc., where he was the CFO. Prior to joining AVEO in 2007, Mr. Johnston was Senior Vice President of Finance, Corporate Planning and Analysis at Genzyme Corporation and, before that, the VP Finance and CFO of Genzyme Biosurgery.

MELA Sciences, Inc. (NASDAQ: MELA) announced the resignation of Richard I. Steinhart, SVP Finance and Chief Financial Officer. Mr. Steinhart has served as MELA’s CFO since 2006.

Eleven Biotherapeutics announced the appointment of Gregory D. Perry as Chief Financial and Business Officer, and Daniel S. Lynch as Chairman of the company’s board of directors. Prior to joining Eleven Biotherapeutics, Gregory D. Perry served as Interim Chief Financial Officer of InVivo Therapeutics (NVIV). Prior to InVivo, Mr. Perry was Executive Vice President and Chief Financial Officer of Immunogen, Inc. (IMGN) from 2009 to 2013, where he led the company’s strategic transition from a platform technology company to a product development company. Prior to Immunogen, Mr. Perry served as Chief Financial Officer (CFO) of Elixir Pharmaceuticals. He served as CFO of Domantis, Ltd. until its acquisition by GlaxoSmithKline in 2006, and as CFO of Transkaryotic Therapies, Inc. (TKT) until its acquisition by Shire plc in 2005. Before joining Transkaryotic Therapies in 2003, Mr. Perry served in financial management positions of increasing responsibility at PerkinElmer, Inc., Honeywell and GE’s European medical systems business unit. Daniel S. Lynch spent nearly five years at ImClone Systems, serving as chief executive officer and chief financial officer. As CFO, Dan led negotiations to form the major partnership between ImClone and Bristol-Myers Squibb. Earlier in his career, he served in various financial positions at Bristol-Myers Squibb over a 15-year tenure. He served on the board of directors and the audit committee of U.S. Oncology, Inc. for five years until December, 2010, when it was acquired by McKesson. More recently Dan was Executive Chairman of the board for Avila Therapeutics and Stromedix. In addition to Eleven Biotherapeutics, Dan is currently a member of the board of directors for BIND Therapeutics, bluebird bio, Blueprint Medicines, Nimbus Discovery and RaNA Therapeutics.

Techne Corporation (NASDAQ: TECH) announced that Gregory J. Melsen will resign from his position as Chief Financial Officer, effective February 3, 2014, to pursue other opportunities.  Mr. Melsen has served as Techne’s Chief Financial Officer since 2004.

Tessera Technologies, Inc. (NASDAQ: TSRA) announced the appointment of Robert J. Andersen as the Company’s executive vice president and chief financial officer (CFO). John Allen, who had served as the Company’s acting CFO since June 2013, returned to his prior position as the Company’s senior vice president and corporate controller. Andersen most recently served from June 2011 to July 2013 as the CFO and executive vice president of G2 Holdings Corp. d/b/a Components Direct, which was acquired by Avnet, Inc. in April 2013. From September 2008 to June 2011, Andersen served first as vice president of finance and then as CFO at Phoenix Technologies Ltd., and was acquired by an affiliate of Marlin Equity Partners in November 2010. Prior to his time at Phoenix Technologies, Andersen served in various senior financial roles at Wind River Systems, Inc., and NextOffice, Inc.

PICS Auditing, LLC announced that Peter B. Harker has joined the company as Chief Financial Officer. Peter served as CFO at QTC (acquired by Lockheed Martin) for four years. Prior to QTC, Mr. Harker served as CFO at LogicalApps (acquired by Oracle), Medidata Solutions, and Optum Software.

SoFi (Social Finance, Inc.) announced its Chief Financial Officer Nino Fanlo is expanding his role at the company to take on the additional responsibilities of Chief Operating Officer. Nino Fanlo joined SoFi in June of 2012 as CFO. Fanlo was formerly the Chief Executive Officer of KKR Financial and Executive Vice President and Treasurer of Wells Fargo.

Activu Corporation announced the appointment of Richard Aguinaldo as the company’s new Chief Financial Officer. Most recently, Aguinaldo was a Finance Director at ShoreTel, Inc. Prior to ShoreTel, he was the VP, Finance and Controller for M5 Networks, Inc., before it was acquired by ShoreTel. Aguinaldo has also previously held finance positions at Metropolitan Telecommunications (Mettel), Espernet.com and RCG Information Technology.

Sheppard Mullin Richter & Hampton LLP announced that Ted Tinson has joined as Chief Operating Officer. Tinson joins from Dentons, where he served as the Chief Financial Officer for, and also carried out many of the COO functions, Dentons’ U.S. and Asia-Pacific regions. Tinson replaces Sheppard Mullin’s executive director Bob Zuber, who is retiring after 17 years with the firm.

Cellular Biomedicine Group Inc. (OTC: CBMG) announced the appointment of Bizuo (Tony) Liu as Chief Financial Officer and Board Secretary and the election of Nadir Patel as Independent Director, Chairman of the Audit Committee of the board of directors of CBMG. Most recently Mr. Liu served as Corporate Vice President at Alibaba Group, responsible for Alibaba’s overseas investments. He was also Chief Financial Officer for HiChina, a subsidiary of Alibaba. Prior to joining Alibaba, Mr. Liu spent 19 years at Microsoft Corporation where he served in a variety of finance leadership roles. Prior to becoming CBMG’s Chief Financial Officer, Mr. Liu had been serving as an Independent Director and Chairman of the Audit Committee for CBMG since March 2013. CBMG’s current Chief Financial Officer and Board Secretary, Andrew Chan, will move to the exciting new role of Senior Vice President of Corporate Business Development.Mr. Patel is currently Assistant Deputy Minister, Corporate Planning, Finance and Information Technology, and Chief Financial Officer for Canada’s Department of Foreign Affairs, Trade and Development. Previously Mr. Patel served as Canada’s Consul General in Shanghai, promoting trade and investment between Canada and China. Mr. Patel also serves on the Board of Governors of the International Development Research Centre (and on its Audit and Finance Committee), as well as the Ottawa Advisory Board of Wilfrid Laurier University’s School of Business and Economics.

CFO Moves – week ending December 27, 2013

CFO Moves this week include:

hhgregg Inc. NeoPhotonics Corporation William Morris Endeavor Entertainment
Pacific Financial Corporation Mountainview Energy Ltd. Hangover Joe’s Holding Corporation
Direct Insite Identive

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hhgregg Inc. (NYSE: HGG) announced that the company has accepted the resignation of Jeremy J. Aguilar as the Chief Financial Officer (Principal Financial and Accounting Officer) and Secretary of the Company, effective January 31, 2014. Mr. Aguilar is leaving to pursue a similar role at another Company. In the interim, Andrew S. Giesler, Senior Vice President, Finance, has been appointed by the Board to serve as interim Chief Financial Officer (Principal Financial and Accounting Officer) and Secretary effective January 31, 2014 until a new Chief Financial Officer and Secretary is appointed. Mr. Giesler has served the Company in several roles since joining the Company in May 2007, including Senior Vice President, Finance, Vice President, Finance, Vice President, Controller and Director of Finance and Investor Relations.

NeoPhotonics Corporation (NYSE:NPTN) announced the appointment of Ray Wallin as the Company’s Senior Vice President and Chief Financial Officer. Wallin most recently served as Chief Financial Officer of Micrel, Inc. Prior to his role at Micrel, Ray served as CFO of Neterion. In a prior role, he was Chief Financial Officer and Senior Vice President at Sipex Corporation. Prior to Sipex, Wallin was Chief Financial Officer of iWatt and Kendin and held senior finance positions with Cirrus Logic. Wallin is succeeding Cal Hoagland who has been NeoPhotonics’ interim Chief Financial Officer since September 2013.

William Morris Endeavor Entertainment announced the appointment of Peter Klein as Chief Financial Officer, effective immediately. Mr. Klein spent 11 years at Microsoft Corporation, where he most recently served as the company’s CFO from November 2009 to June 2013.  Prior to becoming CFO at the corporate level, he was CFO of the Server and Tools Division and CFO of the Microsoft Business Division.  Before joining Microsoft, Mr. Klein spent 13 years in corporate finance at high-growth companies including McCaw Cellular Communications, Orca Bay Capital and Homegrocer.com.

Pacific Financial Corporation (OTC: PFLC) announced that Denise Portmann has been named President and Chief Executive Officer of Bank of the Pacific. Denise was named Executive Vice President and Chief Financial Officer of Bank of the Pacific in 2004 and has served as Treasurer for the Company since 2001, and will continue to do so until a replacement is found.

Mountainview Energy Ltd. (TSX-V: MVW) announced that Brent Osmond has been appointed Vice President, Finance and Chief Financial Officer of the Company. Mr. Osmond has previous oil and gas CFO experience through his positions with TerraMer Inc. and Nytis Exploration Company Inc. Mr. Osmond replaces Angelique Hatch, who will provide consulting services to Mountainview and assist with the transition.

Hangover Joe’s Holding Corporation (OTC: HJOE) announced that Mike Jaynes has decided to relinquish the CEO role to Matthew Veal, who is also the Company’s Chief Financial Officer, but will retain his role as company Chairman. Mr. Veal recently was Vice President and Treasurer of Integrated Freight Corporation. Over his career, he has held co-founder roles for publicly traded Evolucia Lighting, Neogenomics, as well as Heritage O&G Corp.

Direct Insite (OTC: DIRI) announced that the Company has appointed Lowell Rush to the positions of Chief Financial Officer, Secretary and Treasurer. Mr. Rush has been the Acting Chief Financial Officer of Direct Insite since October 4, 2013. Prior to joining Direct Insite, he held positions as Chief Operating Officer of Cosmetic Dermatology, Inc., CFO of Bijoux Terner, LLC; and CFO of Little Switzerland, Inc., in addition to various financial management roles at Sunglass Hut International, Burger King Corp. and Knight-Ridder, Inc.

Identive (NASDAQ: INVE) announced that Brian Nelson has been appointed chief financial officer and secretary of the company. Nelson is based replaces David Wear, who will remain with the company as vice president, special projects. Prior to joining the company, Nelson was chief financial officer of idOnDemand, which was acquired by Identive in May 2011. Prior to idOnDemand, he served as vice president of finance and CFO of Kleer Corporation. His previous positions also include vice president of finance for Silicon Access Networks and for PlanetRx, corporate controller for LinkExchange (acquired by Microsoft) and various other technology start-ups, and he was an audit manager with KPMG LLP in Silicon Valley.

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.

 

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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.

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CFO Moves is published by Samuel Dergel (Executive Search Consultant and CFO & Financial Executive Search Specialist with Stanton Chase International). Samuel can be reached by email at s.dergel@stantonchase.com or by phone at +1 (415) 738-2070.

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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

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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.

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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

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CFO Moves is published by Samuel Dergel (Executive Search Consultant and CFO & Financial Executive Search Specialist with Stanton Chase International). Samuel can be reached by email at s.dergel@stantonchase.com or by phone at +1 (415) 738-2070.

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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.

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CFO Moves is published by Samuel Dergel (Executive Search Consultant and CFO & Financial Executive Search Specialist with Stanton Chase International). Samuel can be reached by email at s.dergel@stantonchase.com or by phone at +1 (415) 738-2070.

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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

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CFO Moves is published by Samuel Dergel (Executive Search Consultant and CFO & Financial Executive Search Specialist with Stanton Chase International). Samuel can be reached by email at s.dergel@stantonchase.com or by phone at +1 (415) 738-2070.

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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.