CFO Moves – week ending October 18, 2013

CFO Moves this week include:

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

CFO Moves – week ending October 11, 2013

CFO Moves this week include:

Iron Mountain Incorporated HCA Alpha and Omega Semiconductor Limited
Loews Corporation Green Dot Corporation Skullcandy, Inc.
AOL Networks Brady Corporation Acorda Therapeutics, Inc.
American Solar Direct American Spectrum Realty, Inc. NutraClick
Vivint Oclaro, Inc. K-V Pharmaceutical Company
ARC Group Worldwide, Inc. Chesapeake Hospitality SolarReserve
Neurotrope, Inc. vcfo Gold Resource Corporation
Rainmaker Systems, Inc. Integrate Echo Global Logistics, Inc.
EPAM Systems, Inc. Vantage Oncology, LLC LeadiD
Turtle Beach Pulse Electronics Corporation Sungevity, Inc.
RegalWorks Media, Inc. Diamond K Inc. WinnCompanies
ThreatTrack Security

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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Iron Mountain Incorporated (NYSE: IRM) announced that Brian P. McKeon, the company’s executive vice president and chief financial officer, will be leaving to pursue other opportunities. McKeon will step down effective Oct. 31, 2013, but will remain with the company through the end of 2013 for transition purposes. McKeon has served as Iron Mountain’s CFO since April 2007. Effective Nov. 1, 2013, Roderick Day, senior vice president and CFO, International, will serve as the company’s acting CFO while the company considers both internal and external candidates. Day has been with the company since 2008. Prior to joining Iron Mountain, Day held senior finance positions at AOL Europe, including director of financial control and planning, vice president finance and strategy, and most recently, CFO for Europe. Prior to AOL, Day held senior strategic planning and finance roles at Kingfisher plc. William Rutherford

HCA (NYSE: HCA) announced that William B. Rutherford will become Chief Financial Officer and Executive Vice President of the Company, effective January 1, 2014. Rutherford will succeed R. Milton Johnson as CFO when Johnson, HCA’s President and CFO, becomes President and CEO at the end of the year. The Company announced in July that Richard M. Bracken would retire as CEO at the end of 2013. Rutherford currently serves as Chief Operating Officer of HCA’s Physician Services Group. A 24-year veteran of HCA, Rutherford joined the Company as a staff auditor in 1986. He served the Company in a variety of roles and from 1996 – 2005 was Chief Financial Officer for what was then the Company’s Eastern Group. In 2005, he left HCA to start his own training and education company, which led to work with several private equity ventures. He later served as Chief Operating Officer of Psychiatric Solutions, a behavioral health services provider, from March 2006 to June 2007. Rutherford rejoined HCA and served as Chief Financial Officer of the Company’s Outpatient Services Group from November 2008 through January 2011.

Alpha and Omega Semiconductor Limited (NASDAQ: AOSL) reported that Mary L. Dotz, its Chief Financial Officer, has announced her resignation in order to pursue other interests. The resignation will be effective on November 11, 2013, and Ms. Dotz will remain as the Chief Financial Officer until such time. The Company has appointed Yifan Liang, the Chief Accounting Officer of the Company, to serve as the Interim Chief Financial Officer, effective November 11, 2013. Yifan joined AOS as Corporate Controller in 2004. Yifan has served as Chief Accounting Officer since October 2006, and also as our Assistant Corporate Secretary since November 2009.  Prior to joining us, Yifan worked with PricewaterhouseCoopers LLP, or PwC, from 1995 to 2004 in various positions.

Loews Corporation (NYSE:  L) announced that Peter Keegan will retire in May 2014  as Senior Vice President and Chief Financial Officer, a position he has held since 1997. Mr. Keegan will stay on at Loews as Senior Advisor. David Edelson, a Senior Vice President who joined the company in 2005, will succeed Mr. Keegan as Chief Financial Officer.  In his current role, Mr. Edelson focuses on strategy, corporate development and investor relations, and monitors the performance of Loews’s subsidiaries. Prior to joining Loews, Mr. Edelson was with J.P. Morgan Chase & Co., where he served as Executive Vice President and Corporate Treasurer.

Green Dot Corporation (NYSE: GDOT) announced it has named Grace Wang to the position of Chief Financial Officer. Ms. Wang joins Green Dot from JP Morgan Chase where she most recently was based in London and held the position of Managing Director and Chief Financial Officer of Investor Services Sales for Europe, Middle East and Africa (EMEA). Prior to becoming CFO of that division, Ms. Wang held various senior finance and leadership roles at JP Morgan Chase since 2004, including EMEA CFO and Head of International Strategy and Business Development of the Treasury and Securities Services division. Prior to her years at JP Morgan Chase, Ms. Wang worked in the Financial Services and Telecom, Media, and Technology practices of Booz & Co and A.T Kearney. Ms. Wang will assume her new role on November 18, 2013.

Skullcandy, Inc. (NASDAQ: SKUL) announced the appointment of Jason Hodell as chief financial officer, effective no later than November 4, 2013. Hodell joins Skullcandy directly from Shopzilla where he served as chief financial officer. Prior to Shopzilla, Hodell was chief financial officer and chief operating officer of Move Networks. Earlier in his career, Hodell was senior director of business operations at Digex, now a division of Verizon Communications.

AOL Networks announced that Chris Heine has accepted a new role as CFO of AOL Networks. Chris, was most recently Senior Vice President, Advertising Business Operations. Chris will continue to lead the Advertising Business Operations group at AOL Networks.

Brady Corporation (NYSE: BRC) announced the retirement of President and Chief Executive Officer Frank M. Jaehnert and the appointment of current Senior Vice President and Chief Financial Officer Thomas J. Felmer as Interim President and CEO. Felmer will retain his responsibilities as CFO and Senior Vice President while the Board conducts a search for a new President and CEO.

Acorda Therapeutics, Inc. (NASDAQ: ACOR) announced that Michael Rogers has joined the Company as Chief Financial Officer (CFO). David Lawrence, who previously served as CFO, has been appointed Chief of Business Operations (CBO). Most recently, Rogers served as Executive Vice President and CFO of BG Medicine, Inc. Prior to that, Mr. Rogers served as the CFO of Indevus Pharmaceuticals for 10 years until the company’s sale to Endo Pharmaceuticals.

American Solar Direct announced the appointment of Kevin A. Bauer as its Chief Financial Officer. Kevin was most recently at Global H2O Investments. Prior to GHI, Kevin was CFO and vice president of business development for Archimedes Technology Group. Earlier in his career, Kevin held senior investment banking positions for firms such as Donaldson, Lufkin & Jenrette, Credit Suisse First Boston and UBS Securities. Ravi Thuraisingham, co-founder and former President and CFO, will continue to serve on ASD’s Board of Directors and work with the company on strategic initiatives, reporting to the CEO.

American Spectrum Realty, Inc. (NYSE: AQQ) announced the appointment of Elisa Grainger to the position of Chief Financial Officer. Mrs. Grainger has more than 15 years of experience in finance and accounting with national companies engaged in the management of commercial, residential and self-storage properties. American Spectrum’s former CFO, Anthony Eppolito, resigned his position effective October 3.

NutraClick announced the appointment of Steve Wietrecki as Chief Financial Officer. Before joining NutraClick, he held a variety of executive leadership positions with companies including Backupify, iPhrase Technologies, ON Technology and Texas Instruments.

Vivint announced the appointment of Mark Davies as the company’s new Chief Financial Officer (CFO). Before joining Vivint, Davies worked at Alcoa, where he served as the executive vice president and president of global business services, the chief procurement officer, and as a member of executive council. Prior to Alcoa, Davies served as managing vice president of strategic programs for Dell Inc. He also served as the chief financial officer of Dell’s Global Consumer Group. He has also worked for Hewlett Packard in financial operations, manufacturing, supply chain, procurement, and accounting for a number of international operations.

Oclaro, Inc. (NASDAQ: OCLR) announced that its chief financial officer, Jerry Turin, plans to resign from Oclaro on November 8, 2013, to pursue other opportunities. The company expects to name Mr. Turin’s successor on or before November 8. Mr. Turin joined Oclaro in 2005 as corporate controller. He was later promoted to vice president of finance before assuming the role of chief financial officer in 2008.

K-V Pharmaceutical Company announced the appointment of Gregory Norden, former Senior Vice President and Chief Financial Officer for Wyeth Corporation, to its Board of Directors. Norden is currently the managing director of G9 Capital Group, LLC. Norden sits on the boards of Zoetis, NanoString Technologies, and Welch Allyn.

ARC Group Worldwide, Inc. (NASDAQ: ARCW) announced the appointment of Drew M. Kelley as the new Chief Financial Officer, replacing Norma Caceres.  Ms. Caceres will continue in a leadership capacity in the finance and accounting department of the QMT Metal Injection Molding (“MIM”) businesses. Mr. Kelley was most recently a Senior Vice President at Jefferies LLC, a major Wall Street investment bank.  Prior to Jefferies, he held investment banking and equity research posts at Bear, Stearns & Co. Inc. and Merrill Lynch & Co.

Chesapeake Hospitality announced that it has added Louis Schaab as Chief Financial Officer to its leadership team. With more than 20 years of finance and accounting experience, Schaab most notably served as senior vice president of finance at MeriStar Hotels and Resorts. Schaab also served as the principal/operating partner of portfolio management for Washington-based Allied Capital Corporation. He most recently served as senior director of finance for insurance and financial services at National Rural Electric Cooperative Association. Schaab has also held Board of Directors seats at seven Allied Capital portfolio companies, and is a member of the Board of Advisors for Therapeutic Recreation and Riding Center in Glenwood, MD.

SolarReserve announced the appointment of Tim Rosenzweig as Chief Financial Officer. Immediately prior to joining SolarReserve, Rosenzweig served as Chief Executive Officer of Goldwind USA., the US subsidiary of Goldwind Group.  Prior to Goldwind, Rosenzweig was a co-founder and served as CFO of the Boston-based wind developer First Wind.  Prior to joining First Wind, he worked as a Vice President at a Nomura-backed private equity fund in New York and at GE Capital Market Services group in Hong Kong, Singapore and the US. Rosenzweig began his financial and international career in 1992 as an analyst for Lehman Brothers’ utilities and project finance group in New York and Hong Kong.

Neurotrope, Inc. (formerly BlueFlash Communications, Inc.) (OTC: NTRP) announced that it has formally hired Robert Weinstein to be its Executive Vice President and Chief Financial Officer.  Mr. Weinstein had been the acting Chief Financial Officer, as a consultant, since May 2013. Prior to joining Neurotrope, Mr. Weinstein was a financial and accounting consultant to several healthcare companies in the pharmaceutical, medical device and biotechnology industries.  Prior to his consulting roles, Mr. Weinstein was the Chief Financial Officer of three publicly traded companies.  Prior to his senior officer and consulting positions, Mr. Weinstein was a founding partner in a highly successful healthcare-oriented private equity fund and an investment banker focused on micro-cap company financings and mergers & acquisitions.

vcfo announced that Joseph Voss has joined the Austin office as Consulting CFO, and Josh Tabin will serve as Technology Practice Manager for the firm. Prior to joining vcfo, Voss held senior executive positions as CFO and other leading roles in finance, business development, strategy and marketing at smaller entities such as Visionary Private Equity Group, Lynntech, Eclipse Aviation, Trajen Flight Support, and Mooney Aircraft, as well as at large companies such as Dell, Pulte and Prudential. Prior to joining vcfo, Tabin was the COO at FullQuota, President of Mosaic CFO, CFO of RigNet, VP-Finance/Treasurer for Rackspace, and held a variety of roles at SBC Communications including Corporate Financial Planning and Wireless Strategic Operations.

Gold Resource Corporation (NYSE: GORO) announced that Brad Blacketor, Chief Financial Officer (CFO), has resigned his position due to personal reasons. The company has appointed Joe Rodriguez, Corporate Controller, as the Company’s new CFO. Joe Rodriguez has served as Corporate Controller of the Company since 2010. Prior to joining Gold Resource Corporation, Joe served as Internal Audit Director for Apex Silver Mines Corporation.

Rainmaker Systems, Inc. (OTC: RMKR) announced the appointment of Brad Peppard as executive vice president and chief financial officer (CFO). Mr. Peppard was the former chairman of the Board of Directors (Board), and head of the Company’s audit committee for the last several years. Peppard held various senior-level finance and treasury positions at leading companies such as Trader Joe’s, CBS/Fox Studios, and Survey.com.

Integrate announced the appointment of David Tomizuka as chief financial officer. Prior to Integrate, Tomizuka served as a Managing Director for the investment banking division of Southwest Securities, Inc., a subsidiary of SWS Group, Inc. Before SWS, Tomizuka served as the president at three different companies, most recently as President of Valley-Dynamo, LLC., a division of Brunswick Corporation.

Echo Global Logistics, Inc. (NASDAQ: ECHO) announced that Dave Menzel is being promoted from Chief Financial Officer to Chief Operating Officer. Menzel has been with Echo since 2008. Kyle Sauers, Senior Vice President Finance & Controller for Echo since 2011, has been appointed to the position of Chief Financial Officer.

EPAM Systems, Inc. (NYSE: EPAM) announced that it has named Anthony J. Conte as Chief Financial Officer effective November 8, 2013.  Anthony will replace Ilya Cantor who will be joining a global technology company as Executive Vice President and Chief Financial Officer. Anthony J. Conte currently serves as Vice President of Finance and compliance officer, and has spent over 6 years with the Company in various positions of increasing responsibility within the finance and administration areas. Before joining EPAM, Anthony held several senior finance roles within the McGraw Hill organization. Mr. Conte started his career with Coopers & Lybrand.

Vantage Oncology, LLC announced that it has promoted Marshal Salomon to the newly created position of Chief Operating Officer. He previously served as Vantage’s Chief Financial Officer, a role he has occupied since the company’s inception in 2002.

LeadiD announced the appointment of Lou Desiderio as Chief Financial Officer. Prior to joining LeadiD, Desiderio served as Chief Financial Officer for Knovel Corporation; Princeton Softech, acquired by IBM; netForensics, and Innovative Tech Systems, acquired by Peregrine Systems.

Turtle Beach announced that John Hanson has joined the company as Chief Financial Officer. Hanson has served as chief financial officer with five publicly traded companies, most recently as executive vice president and chief financial officer at Dialogic, Inc. Hanson succeeds Bruce Murphy in the position of CFO.

Pulse Electronics Corporation (NYSE: PULS) announced that Michael C. Bond has been appointed Senior Vice President and Chief Financial Officer, replacing Drew A. Moyer, who resigned from Pulse to move back to the East Coast in order to be closer to his family. Mr. Moyer’s resignation is effective November 6, 2013. Mr. Bond has served in various financial roles with the company over the last two years, with his most recent assignment being Vice President and Treasurer of Pulse.

Sungevity, Inc. announced the appointment of Ken Schwarz as the company’s Chief Financial Officer. Prior to joining Sungevity, he served as Chief Financial Officer and Senior Vice President of Information Systems at Primus Telecommunications Group Inc. Prior to that, Schwarz was President and Chief Financial Officer of Simplexity, LLC.  He also has held executive positions at Intersections Inc., WinStar Telecommunications, Cable & Wireless and MCI, where he served as Corporate Controller.

RegalWorks Media, Inc. (formerly AmerElite Solutions, Inc.) (OTC: RWMI) named Marcia Allen as Chief Financial Officer and appointed her to the RegalWorks Board of Directors. Ms. Allen was a founder and served as Chief Financial Officer and Director of The Movie Group, which was the original platform company to what is now Lionsgate Entertainment. Ms. Allen has held positions as Chief Financial Officer for Taco Bell Corp. (a subsidiary of Yum! Brands, Inc., (NYSE)), Senior Vice President of Finance and Business Development at WR Grace & Co (NYSE), and a founder of Ruby Tuesday, Inc. (NYSE).

Diamond K Inc. announced the promotion of Susann M. Tully from controller to chief financial officer. Over the past three decades, Susann has held various accounting and financial positions. Bryan Hunt

WinnCompaniesannounced that Bryan Hunt has been hired as chief financial officer for WinnResidential, the property management arm of WinnCompanies. Hunt joined WinnResidential after serving as the chief accounting officer for Essex Property Trust, Inc. for eight years. Prior to Essex, Hunt also held management positions for more than 10 years at public accounting firms, including Hemming Morse, Arthur Andersen, KPMG and Deloitte & Touche.

ThreatTrack Security announced the appointment of Stewart D. Curley as chief financial officer. Prior to joining ThreatTrack Security, Curley worked at Modus eDiscovery, Inc. He continues to be a member of the company’s advisory board. Curley previously served as chief operating officer and chief financial officer for SecureInfo Corporation. Curley has also served as the corporate controller and director of finance for Orbital Sciences Corporation, as well as chief financial officer for the Performance Operations Management Systems Corporation.

CFO Moves – week ending October 4, 2013

CFO Moves this week include:

New York Life McKesson Corporation Symantec Corp.
Ally Financial Inc. Freddie Mac The St. Joe Company
DJO Global, Inc. Nystrom Inc. Demandbase, Inc.
Contango ORE, Inc. Intcomex, Inc. Loton, Corp.
Riskonnect Walter Investment Management Corp. SWS Group, Inc.
Lucas Energy, Inc. Commercial Vehicle Group, Inc. Capstone Financial Group, Inc.
Doral Financial Corporation Altair Nanotechnologies, Inc. ePrize
Micrel, Inc. Ooyala AXT, Inc.
Heartland Payment Systems, Inc. Applied Micro Circuits Corporation Intermolecular, Inc.
Smithfield Foods, Inc. Aldersgate United Methodist Retirement Community GlyEco, Inc.
Meeting Professionals International Adept Technology, Inc. TransCard LLC
VGTel, Inc. SpectraScience, 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.

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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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New York Life’s Investments Group announced the appointment of David G. Bedard as senior managing director and chief financial officer. Mr. Bedard worked for New York Life from 2007-2010, first as CFO for New York Life Investments and subsequently for the U.S. Life Insurance and Agency Division. He joins the company most recently from ING U.S., where he was president of the Annuities Business. Mr. Bedard’s previous experience includes heading The Hartford’s Global Annuities Runoff Organization and serving as CFO for its largest division, the U.S. Wealth Management Group. He has also held senior roles for Massachusetts Mutual Life Insurance Company and Coopers & Lybrand LLP, where he became a partner.

McKesson Corporation (NYSE: MCK) announced that James A. Beer will join the company as executive vice president and chief financial officer on October 9, 2013. Beer replaces Jeff C. Campbell, who left the company in June 2013 to become chief financial officer of American Express Company. Beer will also join McKesson’s executive committee. Beer comes to McKesson from Symantec Corporation where he served as executive vice president and chief financial officer. Prior to Symantec, Beer was chief financial officer of AMR Corporation and American Airlines, AMR’s principal subsidiary. In his 15 years at American Airlines, Beer held a variety of management positions in finance and operations, including leading the airline’s European and Asia Pacific businesses.

Symantec Corp. (NASDAQ: SYMC) today announced that James Beer, the company’s executive vice president and chief financial officer, will leave the company to become the chief financial officer of McKesson Corporation. Beer has served Symantec as CFO since 2006. Andrew “Drew” Del Matto, Symantec’s senior vice president and chief accounting officer, will serve as the company’s acting chief financial officer, while the company considers both internal and external candidates for the CFO role. During his eight years at the company, Del Matto has served as the company’s corporate treasurer and vice president of finance business operations leading corporate financial planning and analysis and revenue 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.

Ally Financial Inc. announced that Christopher Halmy, currently corporate treasurer, has been named chief financial officer, effective Nov. 8, 2013.  He succeeds James Mackey, CFO, who will depart Ally for another career opportunity on Nov. 8, 2013.  Halmy joined Ally in 2009 as the structured funding executive and was named corporate treasurer in 2011.  Prior to joining Ally, Halmy served in a number of treasury positions at Bank of America, and prior to that, he held treasury, finance and accounting positions at MBNA America, N.A., Merrill Lynch & Co., JP Morgan & Co. and Deloitte & Touche.

Freddie Mac (OTC: FMCC) announced that James G. Mackey is joining the company as Executive Vice President and Chief Financial Officer. Mackey will be joining Freddie Mac the week of November 11 from his most recent leadership position as Executive Vice President and Chief Financial Officer of Ally Financial. Upon Mackey’s arrival, current Freddie Mac Executive Vice President and CFO Ross J. Kari will proceed with his previously announced plans to retire from the company. Prior to joining Ally in 2009, Mackey served as CFO for the Corporate Investments, Corporate Treasury and Private Equity divisions at Bank of America. Earlier in his tenure at Bank of America, he held a variety of roles within the company, including serving as managing director within the Global Structured Products Group. Mackey began his career in 1992 at PricewaterhouseCoopers LLP.

The St. Joe Company (NYSE: JOE) announced that Marek Bakun is joining the Company as Chief Financial Officer (CFO) effective October 7. Mr. Bakun is replacing Tom Hoyer who has held the position since March 2012. Mr. Bakun comes to St. Joe from Orleans Homebuilders, Inc., in Bensalem, Penn., where he served as Chief Financial Officer and Treasurer since February 2011. Prior to that, he served as CFO and Treasurer for Mattamy Homes Corporation with responsibility for financial controls in its five U.S. markets. He began his career as an auditor and joined Morrison Homes in 1999, holding numerous positions. In August 2006 he was promoted to Vice President and Chief Financial Officer. When Morrison Homes merged with Taylor Woodrow in 2007, Mr. Bakun continued as CFO for the U.S. and Canadian operations until 2008 when he joined Mattamy Homes Corporation.

DJO Global, Inc. announced that Vickie Capps, executive vice president and chief financial officer, will be leaving the company at the end of the year to pursue other business opportunities. Ms. Capps will remain active as the chief financial officer of the Company until December 31, 2013.

Nystrom Inc. announced that Gretchen Kelly was named chief financial officer. In addition to her role at Nystrom, Kelly serves on the Construction Financial Management Association (CFMA) Executive Committee, chairs the ICCIFP Test Administration Committee and is treasurer of the Twin Cities Chapter of CFMA. Prior to joining Nystrom, Gretchen was a partner and client service manager for HLB Tautges Redpath, a firm specializing in tax and accounting for the construction and real estate industries.

Demandbase, Inc. announced that Brian Barnum has joined its executive team as Chief Financial Officer. Prior to joining Demandbase, Barnum served as the CFO and COO at the Rubicon Project, and prior to that had been the COO and CFO of Business.com, where he oversaw the acquisition of the company by RH Donnelley (now Dex One Corp). After the merger, Barnum was named President of RH Donnelley Interactive. Barnum was previously CFO of Rent.com. Before Rent.com, Barnum had been the CFO of Transaction Network Services.

Contango ORE, Inc. (PINK: CTGO) announced that they named Leah Gaines as Vice President, Chief Financial Officer, Chief Accounting Officer, Treasurer and Secretary. The appointment of Ms. Gaines follows the resignation of Sergio Castro and Yaroslava Makalskaya as a result of the merger between Contango Oil and Gas Company and Crimson Exploration Inc. Mr. Sergio Castro and Ms. Yaroslava Makalskaya are also officers of Contango Oil and Gas Company where they will have increased responsibilities after the merger. Ms. Gaines also serves as Vice President and Chief Financial Officer of Juneau Exploration, LP, since October 2010. Prior to joining Juneau Exploration, she served as the Controller for Beryl Oil and Gas, LP and Beryl Resources LP from July 2007 to December 2009. From April 2006 to July 2007, Ms. Gaines held the position of Financial Reporting Manager at SPN Resources, a division of Superior Energy Services, Inc. From 2003 to 2006, Ms. Gaines worked as a Senior Financial Reporting Accountant at Hilcorp Energy Company. Ms. Gaines was as a Principal Accountant at El Paso Corporation from 2001 to 2003. Prior to that Ms. Gaines worked at Deloitte and Touche, LLP for three years where she was a Senior Auditor.

Intcomex, Inc. announced the appointment of Humberto Lopez as the Company’s Chief Financial Officer, effective immediately following the filing of the Company’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2013. Mr. Lopez most recently served as Chief Operating Officer and Chief Financial Officer of Trade Street Residential, Inc., and Chief Operating, Financial and Compliance Officer of Trade Street Capital, LLC, from 2011. Mr. Lopez was Senior Executive Vice President of BankUnited from 2009 to 2010 and Chief Financial Officer of BankUnited Financial Corporation for over 10 years, from 1999 to 2009. Mr. Lopez also served at Barnett Banks, Inc., from 1986 until its acquisition by Bank of America in 1998, as its Chief Financial Officer, Regional Financial Manager, Regional Controller and Audit Manager. Mr. Lopez worked as an accountant with KPMG, LLP and Ernst & Young, LLP.

Loton, Corp. announced that Barry Regenstein has been appointed Interim Chief Financial Officer. Mr. Regenstein most recently served as President and Chief Financial Officer of Command Security Corporation. Previously, he was Senior Vice President and Chief Financial Officer for GlobeGround North America.

Riskonnect announced the appointment of Patrick (Pat) M. Henn as Chief Financial Officer. Henn served as Chief Financial Officer for Starcite, Inc. Prior to Starcite, Henn was Chief Financial Officer of Astadia. Previous to that, Henn held senior finance roles at both publicly and privately held organizations.

Walter Investment Management Corp. (NYSE: WAC) announced its Executive Vice President and Chief Financial Officer, Charles Cauthen has announced his intention to leave the Company in early 2014.

SWS Group, Inc. (NYSE: SWS) announced that Senior Vice President of Finance and Investor Relations, J. Michael Edge, has been appointed as the Company’s interim Chief Financial Officer and Treasurer. Mr. Edge joined SWS Group in 2000 and brings substantial finance and accounting experience to his new role. He succeeds Stacy M. Hodges, whose previously announced resignation became effective on September 30, 2013. SWS Group has initiated a search process to fill the Chief Financial Officer position on a permanent basis. During his 13 years with SWS Group, Mr. Edge held the positions of internal auditor and financial analyst before being named Director of Finance and Investor Relations in 2009 and Senior Vice President of Finance and Investor Relations in 2011. He began his career in the financial industry with Bank One as an Assistant Vice President, Senior Risk Analyst.

Lucas Energy, Inc. (NYSE: LEI) announced that William J. Dale, Chief Financial Officer, is leaving the Company to pursue other interests.  Mr. Dale resigned as Chief Financial Officer, Treasurer and Secretary of the Company effective immediately.  Anthony C. Schnur, Lucas’s Chief Executive Officer and former Chief Financial Officer, will immediately assume Mr. Dale’s duties.

Commercial Vehicle Group, Inc. (NASDAQ: CVGI) announced that that C. Timothy Trenary has been appointed Executive Vice President and Chief Financial Officer. Most recently, Tim was the Executive Vice President and Chief Financial Officer of ProBuild Holdings LLC.  Prior to that he was the Senior Vice President & Chief Financial Officer of EMCON Technologies Holdings Limited, and prior to that the Vice President & Chief Financial Officer of DURA Automotive Systems, Inc. Hal Johnson

Capstone Financial Group, Inc. (OTC: CAPP) announced Hal Johnson as the firm’s Chief Financial Officer. Johnson joined Capstone in 2012 as one of the company’s founding partners.

Doral Financial Corporation (NYSE: DRL) announced the appointment of David Hooston, a highly experienced financial services professional, as Chief Financial Officer and Executive Vice President. Prior to joining Doral, Mr. Hooston was Managing Partner of Granite Bay Partners, LLC during 2013 and from 2007 to 2009. From 2009 to 2012, Mr. Hooston was Chief Financial Officer of HomeStreet, Inc. (NASDAQ: HMST). From 1995 to 2007, he held several senior management responsibilities at Placer Sierra Bancshares (a California-based bank holding company), including President and Chief Operating Officer and Chief Financial Officer.

Altair Nanotechnologies, Inc. (NASDAQ: ALTI) announced the appointment of Paula Conroy as the company’s Chief Financial Officer. Ms. Conroy joins Altairnano from Blue Bar Consulting, LLC. Prior to her tenure at Blue Bar Consulting, Ms. Conroy held several CFO positions spanning both public and private entities.

ePrize announced that Chris Locke has joined the company as Chief Financial Officer. Locke most recently served as CFO at SingleHop. Prior to SingleHop, he was the CFO of Rewards Network for more than seven years. Locke has held CFO, COO, CIO and strategic planning positions at several other startups and privately held corporations.

Micrel, Inc. (NASDAQ: MCRL) announced that it has named Robert DeBarr as the Company’s new Chief Financial Officer and Vice President of Finance & Human Resources. Mr. DeBarr replaces Ray Wallin who announced his intent to leave Micrel in August 2013. Prior to joining Micrel, Mr. DeBarr was with Texas Instruments Incorporated as a financial executive with responsibility for integrating the acquisition of National Semiconductor Corporation which became effective in September 2011. He served as the Treasurer of National Semiconductor for more than six years prior to his position at Texas Instruments. Before this, he served in a variety of positions for more than twenty years at National Semiconductor including Corporate Controller and Chief Accounting Officer. Mr. DeBarr has also served as Chairman of the Board of PremierOne Credit Union since January 2013 and previously served as the Chairman of the Board for National1st Credit Union, 1997 to 2012.

Ooyala announced that David Wilson has been appointed chief financial officer. Wilson brings more than 12 years of CFO experience, including chief financial officer positions at DirecTV Broadband Inc. and Triumph Communications, a subsidiary of DirecTV. In addition, Wilson spent seven years as executive vice president and chief financial officer at wireless and wireline data networks leader Alaska Communications Systems.

AXT, Inc. (NASDAQ: AXTI) announced that Raymond A. Low, vice president and chief financial officer, will be resigning his position with AXT to pursue another executive opportunity, effective Oct. 14, 2013.

Heartland Payment Systems, Inc. announced that Maria Rueda resigned as Chief Financial Officer.

Applied Micro Circuits Corporation (NASDAQ: AMCC) announced it has appointed Douglas T. Ahrens to serve as Vice President and Chief Financial Officer. Mr. Ahrens’ employment with AppliedMicro is scheduled to commence October 17, 2013. Mr. Ahrens most recently served as the Vice President of Finance at Maxim Integrated in San Jose, California. Mr. Ahrens joined Maxim Integrated in 2001 as Director, Business Unit Finance. He was promoted multiple times during his tenure at Maxim before assuming his role as the Vice President of Finance. Before Maxim, Mr. Ahrens spent six years with Intel Corporation in a number of financial roles, ultimately serving as Worldwide Revenue Finance Manager in the Sales & Marketing Group.

Intermolecular, Inc. (NASDAQ: IMI) announced that it has named C. Richard (Rick) Neely, Jr. as the company’s chief financial officer (CFO) and senior vice president. He replaces Reed Birnbaum, Intermolecular’s vice president of finance and corporate controller, and acting principal financial and accounting officer. Mr. Neely was previously the CFO of Tessera Technologies. Before that, he was CFO and vice president of supply chain at Livescribe. Mr. Neely also served as CFO at Monolithic Power Systems, and CFO at NuCORE Technology. Earlier in his career, he held a variety of senior financial management positions at Synopsys and Advanced Micro Devices. He served on the board of Aviza Technology, a semiconductor equipment supplier, for several years as chairman of the Audit Committee.

Smithfield Foods, Inc. announced the promotion of Kenneth M. Sullivan to chief financial officer. Mr. Sullivan served as senior vice president of finance and chief accounting officer. He joined Smithfield in 2003 as vice president of internal audit, became chief accounting officer in 2007, and in 2010 became vice president of finance and chief accounting officer. Prior to joining Smithfield, Mr. Sullivan spent twelve years at large public accounting and consulting firms, serving a variety of clients in the manufacturing, technology and government contracting sectors.

Aldersgate United Methodist Retirement Community welcomes Luther (Luke) Short as Chief Financial Officer. Prior to joining Aldersgate, Short served as Chief Financial Officer for Epworth Villa, a retirement community located in Oklahoma City, Okla. He has also served as Controller for Medford Leas, a retirement community in Medford, N.J. and as Vice President of Finance at Peninsula United Methodist Homes, a multi-site continuing care retirement community in Hockessin, Del.

GlyEco, Inc. (OTC: GLYE) appointed Alicia Williams Young as chief financial officer. Ms. Williams has served as the Company’s interim principal financial officer since January. As Secretary, Controller and VP of Internal Operations, she has managed the Company’s financial and accounting processes since 2008. Previously, Ms. Williams served as the Director of Internal Operations of Global Recycling Technologies until the completion of its merger with GlyEco. She previously worked as a Senior Systems Analyst/Data Lead at Intel Corporation.

Meeting Professionals International (MPI) announced the selection of Daniel Gilmartin as its new chief financial officer. Gilmartin began his financial career with Price Waterhouse, where he spent eight years in the New York office and worked as a senior audit manager. For the past few decades, he has held senior leadership positions with publicly traded and privately owned companies, including General Host Corporation where he served as president and COO of Franks Nursery – which grew from 50 to 270 stores during his 15 year tenure; Color Tile Inc., and American Blind and Wallpaper Factory, Inc. Gilmartin also served on the board of directors for both Color Tile and American Blind and Wallpaper Factory. Most recently, he held the positions of COO and CFO for Doors In Motion, LLC.

Adept Technology, Inc. (NASDAQ: ADEP) announced that Seth Halio has been named as Chief Financial Officer. Prior to joining Adept, Seth held senior level finance positions including CFO at LED Engin, Inc., Novariant, Inc., Diamond Foods, Inc., and Spectra-Physics, Inc.

TransCard LLC announced the addition of Mark Patterson as Chief Financial and Operating Officer. Most recently, Patterson served as the Executive Vice President and Chief Financial Officer for a large group of insurance companies operating within the retail, wholesale, admitted carrier, brokerage and off-shore reinsurance space.

VGTel, Inc. (OTC: VGTL) announced that Neil Fogel has been appointed to the Company’s position of Chief Financial Officer. Mr. Fogel currently serves as principal of Neil Fogel, CPA. Previously, he served as Controller for Databit, Inc. He also served as Director of Finance for Data Systems & Software, Inc., and Controller for Ecomat, Inc.

SpectraScience, Inc. (OTC: SCIE) announced that its has appointed Lowell Giffhorn as the Company’s new Chief Financial Officer. Mr. Giffhorn has more than 30 years of experience with public companies, including serving as CFO for Sym-Tek Systems, Inc., Patriot Scientific Inc., Imagenetix, Inc., and Brendan Technologies, Inc.

CFO Moves – week ending September 27, 2013

CFO Moves this week include:

Rimini Street, Inc. Carlson Dialogic Inc.
Sotheby’s Cincinnati Bell Inc. Hertz Global Holdings, Inc.
Allconnect, Inc. ForeverGreen Worldwide Corporation Agios Pharmaceuticals, Inc.
AFEX Accellent Inc. Merkle
United Security Bancshares, Inc. Pet Supplies Plus Hooper Holmes
TOMI™ Environmental Solutions, Inc. MedData, Inc. Einstein Noah Restaurant Group, Inc.
Four Springs Capital Trust Scale Computing SafeStitch Medical, Inc.
Evolv Inc. Western Digital® Corp. American DG Energy Inc.
Florida Blue Meta Financial Group, Inc. Sparta Systems, Inc.
Zetta.net AV Homes, Inc. Knoll, Inc.
24/7 Mid-Atlantic Network, LLC Cubist Pharmaceuticals, Inc. SMT

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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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Rimini Street, Inc. announced that Jack L. Acosta has been appointed to its Board of Directors as an Independent Director and Chairman of the Audit Committee. Acosta currently serves on several technology company boards, with his most recent operational role serving as chief financial officer at Portal Software, Inc. (now part of Oracle). Prior to that, he served as executive vice president and chief financial officer for Sybase, Inc. (now part of SAP). Prior to these roles, Acosta served as vice president, engineering services, integration and business management for Sybase. He also served as president, COO, and a director of Tanon Manufacturing, Inc. Earlier, Acosta held various management positions at Ungermann-Bass, Inc., Atari, Inc., Diablo Systems, Inc., and Ford Motor Company. Brad Hall

Carlson announced that it has elected Brad Hall as chief financial officer (CFO) and treasurer. Hall has been serving as interim CFO since August 2012. Hall has been with Carlson for 12 years, since 1998, and prior to assuming the interim CFO duties, was responsible for the Company’s treasury, strategic planning, investment analysis and risk management activities. Previously, he served in financial planning and analysis, accounting and internal audit roles within Carlson.

Dialogic Inc. (OTC: DLGC) announced the appointment of Robert M. Dennerlein as Executive Vice President, Finance and Chief Financial Officer. Mr. Dennerlein comes to Dialogic after serving as chief financial officer at Raritan, Inc. and earlier as CFO at Globix. Bob also held senior management and finance operations roles with OpNext and Agere Systems.

Sotheby’s (NYSE: BID) announced that William S. Sheridan, Executive Vice President and Chief Financial Officer, is leaving the Company after 17 years of service. Patrick S. McClymont, a partner and managing director at Goldman, Sachs & Co., was named to succeed Mr. Sheridan, effective October 7. Mr. Sheridan was a long-time partner at the accounting and consulting firm Deloitte & Touche LLP prior to coming to Sotheby’s in 1996 as CFO. Mr. Sheridan will remain with Sotheby’s through the end of 2013 to support the CFO transition. Mr. McClymont joins Sotheby’s from Goldman, Sachs & Co., where he has been a partner and managing director in the Investment Banking Division.

Cincinnati Bell Inc. (NYSE: CBB) announced that Leigh R. Fox will succeed Kurt A. Freyberger as the company’s chief financial officer, effective October 1, 2013. Mr. Fox joined Cincinnati Bell in July 2001 and has held multiple finance and accounting roles including network and operations, six sigma process improvement, and product development. Mr. Fox most recently served as the company’s senior vice president of finance before being announced as the company’s chief administrative officer earlier this year. Mr. Fox succeeds Kurt A. Freyberger, who is resigning from the company effective September 30, 2013, to pursue new opportunities.

Hertz Global Holdings, Inc. (NYSE: HTZ) announced that its Senior Executive Vice President and Chief Financial Officer, Elyse Douglas, has decided for personal reasons to step down from her current role, effective October 1, 2013.  Ms. Douglas will stay with the company through December 31, 2013, helping the Company complete several strategic projects and assisting in the transition of her responsibilities to her successor.  David J. Rosenberg, currently the Chief Financial Officer of Hertz International, Ltd. will serve as the Company’s CFO on an interim basis while internal and external candidates are considered to fill the CFO position. Before assuming his current role as CFO of Hertz International in 2011, he was Controller, Global Reporting, Policies and Procedures for the Company from 2009 – 2011.  Prior to that, he held senior financial positions at Ralph Lauren Corporation (Vice President and Corporate Assistant Controller from 2006-2009), Coty, Inc. (Vice President and Corporate Assistant Controller from 2001 -2006) and Nabisco (Director, Financial Planning and Analysis during 2000 – 2001).    Mr. Rosenberg started his career at Coopers & Lybrand.

Allconnect, Inc. announced that Michael Picchi has joined the company as Chief Financial Officer. Picchi comes to Allconnect from TPI Composites, where he served as CFO. Prior to TPI Composites, Picchi served as CFO, International President and Board Member at Comverge. He served as Comverge’s CFO during the company’s successful IPO in 2007. Picchi, who began his career in accounting at Coopers & Lybrand, LLP, also worked in finance for publicly traded companies AirGate PCS, Randstad and PRG-Schultz International.

ForeverGreen Worldwide Corporation (OTC: FVRG) announced that they have hired a new CFO, Jack B. Eldridge. Jack was director of finance/international controller for Neways International for 10 years. In addition, Jack has extensive international experience with several large companies, including Novell and Rio Tinto.

Agios Pharmaceuticals, Inc. (NASDAQ: AGIO) announced the addition of Paul J. Clancy, executive vice president and chief financial officer at Biogen Idec, to the company’s board of directors. Mr. Clancy has served as the executive vice president and chief financial officer at Biogen Idec since August 2007. He also served as senior vice president of finance. Prior to the merger of Biogen and Idec, Mr. Clancy was the vice president of portfolio management at Biogen Inc. He joined the company in 2001 as vice president of U.S. marketing. Before Biogen Inc., Mr. Clancy spent 13 years at PepsiCo, serving in a variety of financial and general management positions, including vice president and general manager of their Great West Business Unit.

AFEX announced the appointment of Richard Verasamy as Chief Financial Officer. Before joining AFEX, Richard was the Chief Financial Officer and Chief Risk Officer for Jameson Bank. Prior to this, Richard held various roles with Travelex including CFO of the Americas and subsequently the Global Finance Director for Travelex’s Commercial FX Division.

Accellent Inc., a wholly owned subsidiary of Accellent Holdings Corp., announced the promotion of Jeremy Friedman from Chief Financial Officer to President and Chief Operating Officer for the Cardio & Vascular business. Mr. Friedman will remain an Executive Vice President of Accellent. Prior to joining Accellent in 2007, Mr. Friedman worked at Flextronics where he held a number of senior executive positions including Chief Operating Officer of Flextronics Network Services. With the appointment of Mr. Friedman to his new role Richard Johnson is appointed Interim Chief Financial Officer for Accellent. Mr. Johnson will also serve as the Company’s principal financial officer and principal accounting officer. Mr. Johnson joined Accellent in February 2013 as Vice President, Chief Accounting Officer. Prior to joining Accellent, Mr. Johnson held senior level Accounting and Finance positions at A123 Systems, GT Advanced Technologies and Ocean Spray Cranberries.

Merkle announced the appointment of Jean Holder to executive vice president and chief financial officer. Holder was most recently as the senior vice president of operations at Quintiles. Prior to Quintiles, Holder spent more than 25 years in a variety of financial and operational positions at Accenture.

United Security Bancshares, Inc. (NASDAQ: USBI) announced that First United Security Bank has hired Thomas S. Elley as Executive Vice President, Chief Financial Officer, Treasurer, and Assistant Secretary of FUSB. Mr. Elley will also serve as Vice President, Chief Financial Officer, Principal Accounting Officer, Treasurer, and Assistant Secretary of USBI. Mr. Elley is expected to join the Company on October 15, 2013 and will assume as of that date the duties and responsibilities of Robert D. Steen, the current Executive Vice President, Chief Financial Officer, Treasurer, and Assistant Secretary of FUSB and Vice President, Chief Financial Officer, Principal Accounting Officer, Treasurer, and Assistant Secretary of USBI. Mr. Steen plans to retire on December 31, 2013. Mr. Elley’s most recent position was Vice President, Accounting Policy Manager and Line of Business Controller with Regions Financial Corporation in Birmingham. Prior to joining Regions, he served for more than 10 years as Senior Manager for Deloitte & Touche LLP. Mr. Steen will assist Mr. Elley in the transition of roles and will remain on staff as Executive Vice President of FUSB and Vice President of USBI until his retirement. Mr. Steen has been the Executive Vice President, Chief Financial Officer of FUSB since 1997. He has also served as Vice President, Chief Financial Officer, and Principal Accounting Officer of USBI since 2003. Mr. Steen currently serves as a director of Acceptance Loan Company, Inc. and as secretary of FUSB Reinsurance, Inc. Mr. Steen started his banking career with First Bank and Trust of Grove Hill, Alabama in 1983 as Executive Vice President. First Bank and Trust was merged with and into United Security Bank in 1997.

Pet Supplies Plus announced that Dan Boose has been named Chief Financial Officer, effective immediately. Mr. Boose joins PSP after spending 13 years at The Sports Authority, Inc., where he most recently served as the Senior Vice President for Finance and Accounting and was a member of the senior leadership team. Prior to The Sports Authority, Mr. Boose held financial roles at Brinker International, Rent-A-Center, and Kraft General Foods. Mr. Boose began his career at Deloitte and is a certified public accountant.

Hooper Holmes (NYSE: HH) announced that it has appointed Tom Collins as Chief Financial Officer. Prior to his promotion, Mr. Collins served as the Senior Vice President of Operations for Hooper Holmes’ Portamedic division. From January 2005 until March 2010, Mr. Collins was a Principal and Owner of Preferred Finance Partners (PFP). Prior to joining PFP, Mr. Collins served in various capacities with the accounting and consulting firms Grant Thornton and PricewaterhouseCoopers. Mr. Collins’ appointment follows the resignation of Michael J. Shea, who served as the Company’s Chief Financial Officer since May 2006.

TOMI Environmental Solutions, Inc. (OTC: TOMZ) announced the appointment of Christopher Chipman as Chief Financial Officer. Mr. Chipman has more than fifteen (15) years’ experience in the financial services field and has served as Chief Financial Officer of two companies, one being public.

MedData, Inc. announced the appointment of Stephen Ghiglieri as Chief Financial Officer. Prior to MedData, Stephen served as the executive vice president, chief operating officer and chief financial officer for NeurogesX, Inc., and has served in various financial and corporate secretary leadership roles over the course of his career with Hansen Medical, Inc., Avolent, Inc., Andromedia, Inc., Oacis Healthcare Systems, Inc., Oclassen Pharmaceuticals, Inc. and PricewaterhouseCoopers, LLP.

Einstein Noah Restaurant Group, Inc. (NASDAQ: BAGL) announced the appointment of John Coletta as Chief Financial Officer, effective October 21, 2013. Mr. Coletta will assume the position formerly held by Manny Hilario, who was appointed Chief Operations Officer in July. Mr. Coletta currently holds the position of Chief Financial Officer at Quiznos, where he also served as President of the Food Division. Mr. Coletta’s prior roles include Chief Financial Officer at Real Goods Solar; Chief Financial Officer/President at Cartridge World; and Chief Financial Officer/Chief Administrative Officer at Rock Bottom Restaurants, Inc.

Four Springs Capital Trust (FSCT), a private real estate investment trust, announced that John Warch has joined the company as its Chief Financial Officer. Prior to joining FSCT, Mr. Warch served as the Senior Vice President and Chief Accounting Officer of CapLease, Inc.

Scale Computing announced that Tim Harvey has joined as chief financial officer. Harvey joined the company from Angie’s List, where he was the chief financial officer of the company. Before that, he was vice president of planning at WebEx. He also held senior finance roles at other high-tech companies such as VERITAS and SGI.

SafeStitch Medical, Inc. (OTC: SFES), which recently merged with TransEnterix, Inc., announced that it has appointed Joseph P. Slattery to serve as its Executive Vice President and Chief Financial Officer, effective October 2, 2013. Mr. Slattery most recently served as Executive Vice President and Chief Financial Officer of Baxano Surgical, Inc. Previously, he served as Chief Financial Officer and Senior Vice President of Finance and Information Systems of Digene Corporation. Mr. Slattery currently serves on the board of directors of CVRx, Inc. and Exosome Diagnostics.

Evolv Inc. announced that Steven Love has joined the senior team as chief financial officer. Love was previously chief financial officer at mBlox. Prior to mBlox, Love played instrumental global finance roles at a number of other Silicon Valley companies, including Informatica, Portal Software (acquired by Oracle) and Connetics (acquired by GlaxoSmithKline).

Western Digital Corp. (NASDAQ: WDC) announced that chief financial officer Wolfgang Nickl is resigning effective Nov. 17, 2013 to become chief financial officer at ASML Holding N.V. (ASML) in the Netherlands. Nickl has served as Western Digital’s chief financial officer since August 2010.  Prior to that time, Nickl served in other positions within the company’s finance and operations groups. Nickl will continue to direct WDC’s worldwide finance activities until his departure date.

American DG Energy Inc. (NYSE: ADGE) announced that Anthony S. Loumidis has resigned from his position as Chief Financial Officer, Secretary and Treasurer to pursue other professional opportunities. Mr. Loumidis has been the Company’s Chief Financial Officer since 2004 and Secretary and Treasurer since 2001.Charles Divita

Florida Blue announced the appointment of Charles “Chuck” Divita, III as senior vice president and chief financial officer of Florida Blue, effective Jan. 1, 2014. Effective immediately, Divita will become a member of the Florida Blue executive management team and the operating committee. Divita joined Florida Blue in 2011 as chief accounting officer. Prior to joining Florida Blue in 2011, Divita served as the chief financial officer for FPIC Insurance Group, Inc. Divita has also held leadership positions at Employers Mutual, as its President and CEO and Prudential Financial in operations and risk management roles, having begun his career in public accounting at Arthur Andersen, LLP. He serves on the Board of Directors of the Florida Blue Foundation, Availity, LLC, OptaComp Insurance Company, Diversified Service Options and Teach for America. He also serves on the Finance Committee of the Florida Chamber of Commerce. Divita replaces Chris Doerr, executive vice president and chief financial officer, who will be retiring at the end of the year after serving Florida Blue more than 18 years.

Meta Financial Group, Inc. (NASDAQ: CASH) announced the appointment of Glen Herrick as Chief Financial Officer.  Glen Herrick, currently Senior Vice President of Finance and Investment Management has been promoted to Executive Vice President and Chief Financial Officer.  Mr. Herrick joined the Company earlier this year following 19 years of various finance, accounting and risk management roles at Wells Fargo, including serving as CFO of Wells Fargo’s student loan division. Mr. Herrick replaces Dave Leedom, who will remain with the Company in a part-time role.

Sparta Systems, Inc. announced that it has appointed Steven Ford as Chief Financial Officer. Prior to his role at Sparta Systems, Ford was CFO at TradeCard. Previous to TradeCard, Ford was the Executive Vice President and CFO for Innodata Isogen. Ford also has held leadership positions at Kroll and Equifax.

Zetta.net announced that Kevin J. Laughlin has joined the company as chief financial officer (CFO). Laughlin joins Zetta.net from Sensa Products, where he was CFO. Prior to his position at Sensa, Laughlin held CFO positions with All Covered, and International Network Services. Laughlin has also served as corporate controller at Electronics for Imaging, Inc.

AV Homes, Inc. (NASDAQ: AVHI) announced that Michael S. Burnett has been appointed to the Company’s new position of Executive Vice President and Chief Financial Officer. Mr. Burnett currently serves as Group Vice President, Finance, Treasury and Investor Relations for JDA Software Group, Inc. Previously, he served as Chief Financial Officer for American Traffic Solutions, Inc. He also served as Senior Vice President and Treasurer, and held various financial roles for Allied Waste Industries, Inc. Mr. Burnett began his career as a certified public accountant with Arthur Andersen LLP.

Knoll, Inc. (NYSE:KNL) named Craig B. Spray its new Senior Vice President and Chief Financial Officer. Mr. Spray succeeds Barry McCabe who in April 2013 announced his desire to retire after twenty-two years at Knoll.  Mr. McCabe will remain with the Company as Executive Vice President to assist with a transition period ending no later than February 28, 2014. Prior to joining Knoll, Mr. Spray served as Executive Vice President and Chief Financial Officer of MasterBrand Cabinets, Inc., subsidiary of Fortune Brands Home & Security, Inc. Prior to joining Fortune Brands, Mr. Spray held various finance positions at Ford Motor Company; he has also served in Europe and the United States as a U.S. Navy project engineer.

24/7 Mid-Atlantic Network, LLC announced that it has appointed Ron Kolson as Chief Executive Officer. Kolson initially joined 24/7 in October 2012 as Chief Financial Officer and Vice President of Administration.

Cubist Pharmaceuticals, Inc. (NASDAQ: CBST) announced the appointment of Kenneth J. Martin to its Board of Directors. Mr. Martin served as the Chief Financial Officer and Vice Chairman of Wyeth (formerly American Home Products) from 2000 to 2007, before retiring in 2007. Mr. Martin joined American Home Products in 1984 and held the positions of Senior Vice President of Finance, Executive Vice President and President for American Home Food Products. He also served in a variety of senior roles for Whitehall-Robins Healthcare, and became the Company’s President in 1997. In 1998 he was named Senior Vice President and Chief Financial Officer of Wyeth-Ayerst Pharmaceuticals, and in 2000 he was named Wyeth’s Senior Vice President and Chief Financial Officer. Since 2007, Mr. Martin has served as a member of the Board of Directors of WABCO Holdings, Inc. He previously served as a member of the board of directors of Talecris Biotherapeutics Holdings Corp from 2007 to 2011.

SMT announced that the company has named Steve Thompson as its chief financial officer. Prior to joining SMT, Thompson served for 10 years as CFO of Noel Group, LLC. Additionally, he has held CFO positions with several other companies in the software and contract manufacturing industries and in public accounting.

CFO Moves – week ending September 20, 2013

CFO Moves this week include:

Simply Hired Starbucks Corporation Lionsgate
Norfolk Southern Corp. NVIDIA Ralph Lauren Corporation
Lipocine Inc. PCTEL, Inc. Flurry
InVivo Therapeutics Holdings Corp. Greenbelt Resources Corporation Hot Mama’s Foods, Inc.
Washington Trust Bancorp, Inc. Sterling Construction Company, Inc. Ingram Micro Inc.
LogicSource LLBH Private Wealth Management, LLC Emulex Corporation
Billtrust ConvergeOne GAIN Capital Holdings, Inc.
Northrop Grumman Corporation Commercial Vehicle Group, Inc. KaloBios Pharmaceuticals, Inc.
Magellan Midstream Partners, L.P. SWS Group, Inc. Trevena, Inc.
Five Star Products, Inc. Axcelis Technologies, Inc. Children’s Hospitals and Clinics of Minnesota
PENSCO DeliverLean Odyssey Marine Exploration, Inc.
GoHealth Cordia Bancorp Inc. Tenex Health
Baxano Surgical, Inc. VHA Inc. Advanced Cannabis Solutions, Inc.
Barton Malow Company STRONG, LLC Severstal North America
myoscience, 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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Simply Hired announced the appointment of Shelly Schaffer as Executive Vice President and Chief Financial Officer. Before joining Simply Hired, Schaffer served as Executive Vice President and Chief Financial Officer at Support.com. Prior to Support.com, she served as Vice President of Corporate Operations Finance at Yahoo! Inc. Schaffer also worked as an executive at Mercury Interactive in a number of finance roles of increasing responsibility from September 2003 to December 2006 during which period it was acquired by Hewlett Packard. These roles included Vice President of Strategic Finance and Treasury and Vice President of Financial Planning and Analysis. Earlier in her career, Schaffer held a range of senior finance roles with The Coca Cola Company, Nestle Beverage Company and Cosine Communications. Troy Alstead

Starbucks Corporation (NASDAQ: SBUX) announced that Troy Alstead, chief financial officer and chief administrative officer, has been promoted to chief financial officer and group president, Global Business Services. Alstead joined Starbucks in January 1992 when it was a privately held company with just over 100 stores.

Lionsgate announced that its Chief Financial Officer, James Keegan, has announced his retirement effective October 1, 2013. The Company has asked him to remain as a consultant until January 3, 2014 to assist with the transition to his successor. James W. Barge has been named Chief Financial Officer effective October 1. Barge served as Executive Vice President and Chief Financial Officer of Viacom Inc. from 2010-2012 and Executive Vice President, Controller, Tax and Treasury, from 2008-2010.  He previously had a 13-year tenure at Time Warner, ultimately serving as Time Warner Senior Vice President, Controller and Chief Accounting Officer. Prior to his tenure at Viacom and Time Warner, Barge spent 13 years at Ernst & Young, where he rose to the positions of industry leader of the Consumer Products Group and Regional Partner.

Norfolk Southern Corp. (NYSE: NSC) announced that Marta R. Stewart has been named executive vice president and chief financial officer, effective Nov. 1. Stewart succeeds John P. Rathbone, who will retire Nov.1, after a 32-year career in the finance and administrative divisions at Norfolk Southern. Stewart joined Norfolk Southern in 1983 and served in several finance positions before being named vice president and controller in 2003 and then vice president and treasurer in 2009.

NVIDIA (NASDAQ: NVDA) announced that it has named Colette Kress as executive vice president and chief financial officer. Kress most recently served for three years as senior vice president and chief financial officer at Cisco’s Business Technology and Operations Finance organization. Previously, she spent 13 years at Microsoft, including four years as chief financial officer of the Server and Tools division, and held senior roles in corporate planning and finance. Prior to that, she served at Texas Instruments in a variety of finance positions.

Ralph Lauren Corporation (NYSE: RL) announced that Christopher Peterson, currently Senior Vice President (SVP) and Chief Financial Officer (CFO), will become Executive Vice President and Chief Administrative Officer (CAO) in addition to his role as CFO. Mr. Peterson has been SVP and CFO of the Company since September 2012.  Before joining Ralph Lauren, Mr. Peterson spent 20 years at The Procter & Gamble Company in several senior corporate and operational roles. Most recently, he was CFO of its Global Household Care division.

Lipocine Inc. (OTC: LPCN) announced that Morgan Brown has joined the Company as Executive Vice President and Chief Financial Officer (“CFO”). Most recently, Mr. Brown was the CFO at Innovus Pharmaceuticals, Inc. Previously Mr. Brown was the CFO of World Heart Corporation and Lifetree Clinical Research and the Vice President, Finance and Treasurer of NPS Pharmaceuticals, Inc. Before NPS Pharmaceuticals Mr. Brown was a Senior Manager at KPMG LLP.

PCTEL, Inc. (NASDAQ: PCTI) announced that John Schoen, PCTEL’s current and long-time CFO, has been promoted to Senior Vice President and CFO. Schoen has served as the company’s CFO since November 2001. Schoen began his career in public accounting at Ernst and Young before spending nearly 20 years at Motorola, where he held both financial and operational positions. He served as Safco Technology’s CFO and maintained those responsibilities after Agilent’s acquisition of Safco.

Flurry announced the appointment of Bob Komin as its Chief Financial Officer. Bob has held several executive positions, most recently as CFO at Ticketfly, and previously as COO and CFO at Linden Labs, CFO at Solexel, CFO at Tellme Networks (acquired by Microsoft) and prior to that as VP of Finance and Treasurer at Convergys and Cincinnati Bell.

InVivo Therapeutics Holdings Corp. announced that Gregory D. Perry has been appointed as interim CFO, commencing September 23, 2013. Mr. Perry was most recently the Executive Vice President and CFO of Immunogen, Inc. Prior to joining Immunogen, Mr. Perry served as CFO of Elixir Pharmaceuticals, Inc. from 2007 to 2009. Prior to Elixir, he was CFO of Domantis Ltd., which was acquired by GlaxoSmithKline in 2006. Previously, Mr. Perry was Senior Vice President and CFO of Transkaryotic Therapies, Inc. until its acquisition by Shire plc in 2005. Mr. Perry is currently a member of the Board of Directors of Advanced Cell Technology, Inc.

Greenbelt Resources Corporation (OTC: GRCO) announced the appointment of Joseph Pivinski to the executive team as interim chief financial officer. Joe served previously as CFO and senior vice president at NASDAQ-listed Consolidated Water Co., Ltd., and as vice president of finance and CFO for Oriole Homes Corp. Joe has also held various similar C-level and board positions with other public and private companies, including the U.S. subsidiary of Adecco.

Hot Mama’s Foods, Inc. (OTC: HOTF) announced that William Kenealy has joined as Chief Financial Officer (CFO). From 2010 to 2013, Bill was Chief Financial Officer of Compact Industries, Inc. Prior to that, Bill worked at Reserve Brands, Inc. as Senior Vice-President and CFO from 2007 to 2009. From 2006 to 2007 he was a consultant/interim CFO for public and privately held operating companies and private equity firms.

Washington Trust Bancorp, Inc. (NASDAQ: WASH), the publicly-owned holding company of The Washington Trust Company, announced David V. Devault has been promoted to Vice Chairman, Secretary and Chief Financial Officer.

Sterling Construction Company, Inc. (NASDAQ: STRL) announced that Thomas R. Wright has been named Executive Vice President and Chief Financial Officer effective September 25, 2013 and that Kevan Blair will assume the role of Senior Vice President of Corporate Finance following his stint as interim CFO. Mr. Wright was most recently Chief Financial Officer of Toronto-based St Marys/CBM, which he joined in 2011. Between 2006 and 2010, Mr. Wright was with Boart Longyear. He began his career at Boart as Vice President of Global Products and Manufacturing, and was later promoted to Vice President, Financial Planning and Analysis, Mergers and Acquisitions, Investor Relations, Strategic Planning and Corporate Communication. Before joining Boart, Mr. Wright was Director of Corporate Financial Planning and Analysis for a leading North American quick-serve restaurant company, Wendy’s International. Earlier in his career, Mr. Wright held increasingly responsible positions in the finance areas of Bank One Corporation (now JP Morgan Chase Company) and Allied Signal Incorporated (now Honeywell International Inc.).Paul Read

Ingram Micro Inc. (NYSE: IM) announced the appointment of Paul Read as president and chief operating officer, effective Sept. 30, 2013. Read, who joined the Ingram Micro board of directors last September, has resigned his role as a member effective immediately. From June 1995 to June 2013, Read was with Flextronics Inc. serving most recently as chief financial officer and executive vice president. Previously he served as the company’s executive vice president of finance for worldwide operations. Prior to joining Flextronics in 1995, he held various senior financial positions in the United Kingdom with Allied Steel and Wire, STI Telecommunications and Associated British Foods.

LogicSource announced the appointment of Greg Hunt, Chief Financial Officer and Treasurer of Apollo Investment Corporation, to its Board of Directors.

LLBH Private Wealth Management, LLC announced the appointment of Jeff Fuhrman as its Chief Operating Officer and Chief Financial Officer. Most recently, Fuhrman spent nearly a decade as President and Chief Operating Officer of IMG Artists. Previously, Fuhrman was President and CFO of Gemini Voice Solutions, and earlier in his career, was an investment banker with Salomon Smith Barney.

Emulex Corporation (NYSE: ELX) announced that Michael J. Rockenbach, the Corporation’s executive vice president (EVP), chief financial officer (CFO) and corporate secretary, will be departing effective December 31, 2013. Mike Rockenbach joined Emulex in 1991, and has served as executive vice president and chief financial officer since 1997.

Billtrust announced the addition of Ed Jordan as the company’s new Chief Financial Officer. Jordan spent the last 25 years helping private equity-backed firms prepare for future investor opportunities. Among his many successes, Jordan led the acquisition of mobile barcode technology company JAGTAG Inc. as that company’s CEO; he also served as CFO of ITXC Corporation and Dialogic Inc., where he guided those two companies’ IPOs.

ConvergeOne welcomed Jeffrey Nachbor as its new Chief Financial Officer. Nachbor comes to ConvergeOne from Leap Wireless, where he was Senior Vice President of Operational Finance and Chief Accounting Officer. His previous positions include Senior Vice President of Finance and Controller at H&R Block, CFO and Treasurer at Sharper Image Corporation, and Senior Vice President and Corporate Controller at Staples, Inc., among others.

GAIN Capital Holdings, Inc. (NYSE: GCAP) announced the appointment of Jason Emerson as its Chief Financial Officer (CFO), effective October 1, 2013. Mr. Emerson was most recently Managing Director and Business Manager of KCG Holding’s Global Execution Services division. Previously, he served as KCG’s Director of Financial Operations.  Prior to KCG, Mr. Emerson held financial and operational positions at Instinet, Merrill Lynch and PricewaterhouseCoopers. GAIN’s interim CFO, Daryl Carlough, will be leaving the company to pursue other opportunities.  William Hernandez

Northrop Grumman Corporation (NYSE: NOC) announced that it has elected William H. Hernandez to its board of directors. Hernandez served as senior vice president, Finance, and chief financial officer of PPG Industries, Inc., a manufacturer of chemical and industrial products, until his retirement in 2009. Prior to that, he was PPG’s corporate controller from 1990 to 1994. Hernandez previously held a number of positions with Borg-Warner Corporation and Ford Motor Company. He is a member of the board of directors of Albemarle Corporation, Black Box Corporation and USG Corporation.

Commercial Vehicle Group, Inc. (NASDAQ: CVGI) announced that its Chief Financial Officer, Chad Utrup, is resigning to pursue an outside opportunity.  Mr. Utrup will remain active with the company until Friday, November 1 to ensure a smooth transition. Mr. Utrup began his CVG career in 1998.

KaloBios Pharmaceuticals, Inc. (NASDAQ: KBIO) announced that Herb C. Cross will join the company as of September 23, 2013, and transition into the Chief Financial Officer role in coordination with Jeffrey H. Cooper, the company’s current CFO.  The company expects this transition will be completed in the October-November time frame. Mr. Cross was previously Chief Financial Officer of Affymax. Before becoming CFO of Affymax, he served as the company’s Vice President, Finance.  Mr. Cross previously served as Vice President, Finance for Facet Biotech Corporation. Before joining Facet, he was corporate controller at PDL BioPharma. Before that, he held positions of increasing responsibility, including Vice President, Finance, at Neoforma, Inc.

Magellan Midstream Partners, L.P. (NYSE: MMP) announced that its chief financial officer, John Chandler, has provided notice that he intends to leave the partnership effective March 31, 2014.

SWS Group, Inc. (NYSE: SWS) announced that Executive Vice President, Chief Financial Officer and Treasurer Stacy M. Hodges has submitted her resignation effective September 30, 2013, to accept an executive position with a North Texas financial services company.

Trevena, Inc. announced the appointment of Roberto Cuca as senior vice president and chief financial officer. Most recently, he served as Treasurer and Senior Vice President, Finance at Endo Health Solutions Inc. Before that, he was Director, Corporate and Business Development, at moksha8 Pharmaceuticals, Inc. Mr. Cuca also worked at JPMorgan Chase & Co. as an equity analyst covering U.S. pharmaceutical companies.

Five Star Products, Inc. is pleased to announce that Frederic E. Rubin has joined the company’s leadership team as Chief Financial Officer. Before joining Five Star Products, Inc., he served as Managing Director of Sandhopper, LLC, and previously as Chief Financial Officer at the Judlau Companies.

Axcelis Technologies, Inc. (NASDAQ: ACLS) announced the appointment of Kevin J. Brewer as executive vice president and chief financial officer. Mr. Brewer, has served as the company’s interim CFO since July.

Children’s Hospitals and Clinics of Minnesota welcomes K. Alec Mahmood as its new chief financial officer. Mahmood succeeds Jerry Massman, who recently retired. Most recently, Mahmood spent five years as the chief financial officer for HealthMarkets. Prior to joining HealthMarkets, he was the chief financial officer and chief operating officer of the Medicaid division at Coventry Health Care. He has also held leadership positions at Ardent Health Services, Kaiser Permanente and Health Net.

PENSCO announced that Carol Foster, has been named Chief Financial Officer. Most recently, Foster was the founder of CLF Advisor.  Earlier in her career, she worked for Pantheon Ventures, Calera Capital, Merrill Lynch, Goldman Sachs and Accenture. PENSCO also announced that Chris Radich, formerly the CFO of PENSCO, has been named Chief Risk Officer, a new executive level position at the company. Earlier in his career, Radich worked for RCM Capital Management, Bank of America and Ernst & Young.Richard Silverman

DeliverLean announced that Richard Silverman was recently named Chief Financial Officer. In his prior position, he served as the CFO of The Fresh Diet, Inc. For more than 15 years, Richard ran his own consulting firm. Mr. Silverman also owned and operated a specialty auto parts distributorship in Miami, FL. Prior to building his consultancy business, Richard served as the CFO of Bolivia’s third largest private mining company.

Odyssey Marine Exploration, Inc. (NASDAQ: OMEX) appointed Philip S. Devine as chief financial officer. Devine, who has been working as a consultant for Odyssey since August 1, 2013, succeeds Michael J. Holmes, whose intention to retire was reported in January. Prior to joining Odyssey, Devine served as CFO of a number of publicly-traded companies with operations in Europe and the United States. Most recently, he worked as a financial consultant via Decofi sprl and as the CFO of two biotechnology companies, MDxHealth and Tibotec-Virco (sold to Johnson & Johnson).

GoHealth announced that Robert R. Millard has joined the company as Chief Financial Officer. He succeeds Mike Ahern, who was named GoHealth’s Chief Accounting Officer. Millard most recently served as CFO at Angie’s List, Inc. He was a member of the executive team that took the company public in November 2011. Prior to that role, Millard served as CFO at two other publicly traded companies.

Cordia Bancorp Inc. (NASDAQ: BVA), parent of Bank of Virginia, announced the hiring of Mark A. Severson as Executive Vice President and Chief Financial Officer of the Company and the Bank. Mr. Severson was most recently Chief Financial Officer and Treasurer of Chemung Financial Corporation in Elmira, NY. Before that he served as Chief Financial Officer of FNB United Corp. in Asheboro, NC from 2007 to 2011, Chief Financial Officer of Camco Financial Corporation in Cambridge, OH from 2001 to 2007, Chief Financial Officer of FCNB Corp. in Frederick, MD from 1990 to 2001, and Vice President of Union Planters Bank in Memphis, TN from 1984 to 1989.

Tenex Health announced that Chief Financial Officer, Dr. Rom Papadopoulos will be resigning as CFO and a member of the board of directors as of September 30, 2013. Dr. Papadopoulos will be returning to his position as Managing Director of Intuitus Group. Ivan Mijatovic, Chairman of the company’s Board of Directors, will assume responsibilities as interim CFO and oversee financial operations until a permanent CFO has been identified.

Baxano Surgical, Inc. (NASDAQ: BAXS) announced that Joe Slattery, Executive Vice President and Chief Financial Officer, has resigned effective September 27, 2013 to pursue another business opportunity. Tim Shannon, Vice President of Finance, has been appointed Interim Chief Financial Officer effective September 27, 2013. Tim Shannon joined Baxano Surgical in 2013. Previously, he was Vice President of Financial Reporting at Talecris Biotherapeutics and Chief Financial Officer and Treasurer at Harris Wholesale. He began his career at PricewaterhouseCoopers. Christopher Dunleavy

VHA Inc. has named Christopher Dunleavy as chief financial officer of enterprise operations. Since 2004, he has been the chief financial officer for USMD predecessor entities and executive vice president and chief financial officer for USMD Holdings since July 2011. Prior to that, Dunleavy served three years as chief financial officer for Baylor Heart and Vascular Hospital, LLP. In addition, Dunleavy was senior director of strategic planning for Sodexho Marriott Services, and provided consulting services to other companies. He also worked at Mariner Post Acute Network as vice president of finance.

Advanced Cannabis Solutions, Inc. (OTC: CANN) has appointed Christopher H. Taylor as Chief Financial Officer. Mr. Taylor’s previous experience includes gaming audit experience with Deloitte & Touche, the management of the Colorado Lottery budget as the Chief Budget Officer, the financial management of Colorado Casino Resorts, Inc., a publicly traded casino company, as CFO, and 12 years of public accounting experience as owner of his own CPA firm.Lars Luedeman

Barton Malow Company announced the promotion of Lars Luedeman to Vice President and Chief Financial Officer. Lars joined Barton Malow in 2012 as Director of Finance & Strategy. Prior to joining Barton Malow, Lars worked for Grant Thornton as Director, Corporate Advisory Services.

STRONG, LLC announced Billy Sanford as the new Vice President/Chief Financial Officer.

Severstal North America announced the appointments of Chief Financial Officer, Olga Petrova, and Deputy Chief Financial Officer, Michael Tuomey. Petrova joins Severstal North America’s executive team from parent company OAO Severstal, where she was the Head of the Business Planning and Controlling Department since 2011. Her previous roles included various high-level financial positions in international offices of Shell Exploration and Production, Schlumberger and PepsiCo. At SNA, Petrova will be responsible for all aspects of financial strategy, planning and reporting, as well as forecasting, budget management and cost benefit analysis. Petrova succeeds Interim CFO Michael Tuomey, who is appointed Deputy Chief Financial Officer. Tuomey has been with Severstal and its predecessor companies for 28 years in various senior-level finance positions, most recently Director, Corporate Accounting and Controlling.

myoscience, inc. announced the addition of Peter Osborne to the team as chief financial officer (CFO). Osborne has over 25 years of experience in high growth public and private companies, most notably with Hansen Medical and VNUS Medical Technologies, and most recently with SentreHEART, Inc.

CFO Moves – week ending September 13, 2013

CFO Moves this week include:

World Acceptance Corporation Time Warner Cable InVivo Therapeutics Holdings Corp.
North American Bancard Heritage Bankshares, Inc. Back to Nature Foods Company, LLC
Gaming Partners International Corporation Thor Industries, Inc. Rasmussen College
Lotame eRecyclingCorps STAAR Surgical Company
Illinois Tool Works Inc. Virtu Financial Dealer.com
Salesforce.com Arrhythmia Research Technology Inc. BrightTALK
Intersil Corporation Integrated Device Technology, Inc Outbrain
juwi Wind, LLC Erickson Air-Crane Incorporated Endo Health Solutions Inc.
Tuesday Morning Corporation Regeneron Pharmaceuticals, Inc. Ascent Solar Technologies, Inc.
GrafTech International Ltd. Brooks Automation, Inc. Delcath Systems, Inc.
Enterprise Financial Services Corp. Entitle Direct Group, Inc.

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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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World Acceptance Corporation (NASDAQ: WRLD) announced that Kelly M. Malson plans to retire from her position as Senior Vice President and Chief Financial Officer of the Company. Malson’s eight-year tenure with the Company began in 2005, and she has served as the Company’s Chief Financial Officer of the since March 2006.

Time Warner Cable (NYSE: TWC) announced that Mark FitzPatrick has been promoted to the role of Senior Vice President and Chief Financial Officer of Residential Services. FitzPatrick most recently served as Senior Vice President of Finance for Time Warner Cable. Prior to joining Time Warner Cable in 2006, FitzPatrick served as Vice President of Corporate Development at AOL Inc. Before joining AOL in 2003 FitzPatrick was a Vice President in Citigroup’s Investment Banking Division (previously, Salomon Smith Barney).

InVivo Therapeutics Holdings Corp. announced that the acting CFO, Sean F. Moran, has resigned effectively immediately. In the meantime, the interim CEO, Michael J. Astrue, will serve as principal financial officer until a replacement is named.

North American Bancard announced the appointment of Kirk Haggarty as the company’s new chief financial officer. Haggarty comes to NAB from Atlas Oil Company, where for four years he served as executive vice president and chief financial officer. Prior to that, Haggarty served nine years as co-founder and president for Donnelly Penman & Partners.

Heritage Bankshares, Inc. (OTC: HBKS), the parent of Heritage Bank, announced that its Executive Vice President and Chief Financial Officer, John O. Guthrie, is retiring from the Company and the Bank, effective March 31, 2014.  Anne F. Vanderberry, currently Senior Vice President and Controller of the Bank, will become Chief Financial Officer of the Company and the Bank, effective April 1, 2014.

Back to Nature Foods Company, LLC announced the appointment of Erin McKone to Vice President of Finance and Chief Financial Officer.  She began her career at KPMG and has held financial management roles at various companies including Kimberly-Clark Corporation.  Prior to her appointment, Ms. McKone served as Corporate Controller.

Gaming Partners International Corporation (NASDAQ: GPIC) announced that Michael D. Mann has been appointed as Chief Financial Officer and Treasurer, effective September 30, 2013.  He will also serve as Chief Financial Officer and Treasurer of the Company’s subsidiary, Gaming Partners International USA, Inc.  Mr. Mann will replace Gerald W. Koslow. Mr. Mann’s prior industry experience includes serving as Chief Audit Executive of Tropicana Entertainment, Inc.; serving as Director of Enterprise Risk Management at Caesars Entertainment Corporation; and serving as a senior financial officer at various specialty manufacturing firms, including more than three years as Chief Financial Officer at Cleo, Inc.  Earlier in his career, Mr. Mann was an auditor with Arthur Andersen LLP.

Thor Industries, Inc. (NYSE: THO) announced that it has named Colleen Zuhl as Chief Financial Officer effective October 1, 2013.  Mrs. Zuhl replaces Dominic Romeo, who will continue to work with Thor on a consulting basis. Mrs. Zuhl joined Thor in June 2011 and has served in a variety of roles, including Vice President and Corporate Controller as well as Interim Chief Financial Officer from October 2012 through February 2013.  Prior to her experience at Thor, Mrs. Zuhl served as Chief Financial Officer for All American Group, Inc. (formerly known as Coachmen Industries, Inc.).  Prior to her tenure at All American Group, Mrs. Zuhl spent more than 15 years at Ernst & Young, LLP, most recently as an audit senior manager.

Rasmussen College announced the appointment of Brent Dobsch as its new chief financial officer. Prior to joining Rasmussen College, Dobsch served as the chief financial officer of UL Environment, a subsidiary of Underwriters Laboratories.

Lotame announced that it has hired Mike Sullivan as Chief Financial Officer. Most recently, Sullivan was Executive Vice President and CFO at Targus Information Corporation. Sullivan’s decorated resume also includes successful leadership roles at NexTone Communications and E-centives.

eRecyclingCorps announced the appointment of Brian Wing as chief financial officer. Most recently, Wing served as chief financial officer, senior vice president and treasurer of Consolidated Electrical Distributors Inc. Before that, Wing served in leadership roles at leading toy company MGA Entertainment and as a partner at Ernst & Young.

STAAR Surgical Company (NASDAQ: STAA) announced that Stephen P. Brown, has joined the Company as Chief Financial Officer.  Deborah Andrews, who has served as the CFO since 2005, is remaining with the Company as Vice President, Chief Accounting Officer. Mr. Brown joins STAAR from Bausch & Lomb Surgical, where he served as Vice President, Global Finance since 2008.  Prior to joining Bausch & Lomb, Mr. Brown was Chief Financial Officer of Hoya Surgical Optics and he served in various capacities over a 13 year period with Johnson & Johnson including Chief Financial Officer of the Advanced Sterilization Products division.

Illinois Tool Works Inc. (NYSE: ITW) announced that Michael M. Larsen has been elected senior vice president and chief financial officer. Mr. Larsen recently served as president and chief executive officer of Gardner Denver, Inc. He also served as chief financial officer of Gardner Denver, and prior to that held a number of key finance roles throughout a 15-year tenure at General Electric Company.

Virtu Financial announced it has appointed Joseph Molluso as Executive Vice President and Chief Financial Officer.  Prior to joining Virtu, Mr. Molluso was most recently a Managing Director at J.P. Morgan since 2006.  Previously, he served as a Director at Credit Suisse.  He began his investment banking career as an Associate with Donaldson, Lufkin & Jenrette.

Dealer.com announced the appointment of Craig Dynes as chief financial officer. Prior to joining Dealer.com in August 2013, Dynes served as chief financial officer for Pegasystems, Inc.

Salesforce.com (NYSE: CRM) announced the appointment of Robin Washington to its Board of Directors.  Washington is currently the Senior Vice President and Chief Financial Officer of Gilead Sciences, Inc., which she joined in 2008. Washington was previously Chief Financial Officer of Hyperion Solutions, which was acquired by Oracle Corporation in March 2007. Prior to Hyperion, she served in a number of executive positions with PeopleSoft, most recently in the role of Senior Vice President and Corporate Controller. Washington is a member of the Board of Directors of Honeywell, the Board of Directors of the San Jose Children’s Discovery Museum and the Board of Visitors of Graziadio School of Business and Management at Pepperdine University.

Arrhythmia Research Technology Inc. (NYSE: HRT) announced that the Company’s Board of Directors appointed Derek T. Welch, the Company’s Corporate Controller, to act as principal financial officer and accounting officer of the Company upon the resignation, effective September 12, 2013, of David A. Garrison, who served as the Company’s Executive Vice President and Chief Financial Officer.

BrightTALK announced the appointment of John Eichhorn as Chief Financial Officer and Member of the Board of Directors. Mr. Eichhorn worked for several notable companies including HP, Cisco, Adobe, Business Objects Inc. (acquired by SAP), PayCycle Inc. (acquired by Intuit), and Tropos Networks (acquired by ABB). Richard Crowley

Intersil Corporation (NASDAQ: ISIL) announced the appointment of Richard Crowley as senior vice president and chief financial officer effective September 23. Mr. Crowley was most recently the senior vice president and CFO for Integrated Device Technology (IDT). Prior to joining IDT in 2008, Mr. Crowley was the vice president of finance and chief financial officer at Micrel for nine years. Prior to Micrel, he was the CFO at Vantis Corporation and held senior level finance positions at National Semiconductor Corporation including corporate controller.

Integrated Device Technology, Inc. (NASDAQ: IDTI) announced that Richard D. Crowley, senior vice president and chief financial officer, will be resigning his position with IDT to pursue another executive opportunity. The Company has appointed Brian C. White as chief financial officer effective September 11, 2013. White has more than 25 years of accounting and financial experience, including six years as vice president of finance and treasurer at IDT. He also served as interim CFO at the Company in 2008. Prior to IDT, White served as director of business operations at NVIDIA and held a variety of senior level finance positions at IBM and Hitachi GST.

Outbrain announced that Jeff Davison has joined the company as Chief Financial Officer. Jeff most recently served as Chief Financial Officer at RightNow Technologies.  Prior to RightNow, Jeff was the controller for Powerhouse Technologies.

juwi Wind, LLC announced that Michael Hammond joined the leadership team as Chief Financial Officer. Before becoming one of the industry’s top consultants, Hammond served as Senior Vice President of Project Finance at Airtricity. Hammond’s career has also seen posts at GE Energy Financial Services and Heller Financial, Inc. and four years at State Street Boston Capital Corporation. He started his career in public accounting at Coopers & Lybrand.

Erickson Air-Crane Incorporated (NASDAQ: EAC) announced that Eric K. Struik has joined the Company’s leadership team as its new Chief Financial Officer. Mr. Struik recently served as Vice President of Finance for Remy International. Prior to his tenure with Remy International, Mr. Struik was Vice President of Finance and Investor Relations for Callaway Golf. Prior to Callaway, Mr. Struik developed a deep and varied background in managing financial operations for manufacturing businesses, having held positions with Visteon, Lear, and Chrysler corporations. Mr. Struik replaces Chuck Ryan, its outgoing Chief Financial Officer.

Endo Health Solutions Inc. (NASDAQ: ENDP) announced that it had appointed Suketu “Suky” Upadhyay as executive vice president and chief financial officer of Endo, effective September 23, 2013. Prior to joining Endo, Mr. Upadhyay served as principal accounting officer and interim chief financial officer of Becton, Dickinson & Company (BD). In addition to other executive finance roles at BD, he served in various finance leadership roles at Astra Zeneca and Johnson & Johnson.

Tuesday Morning Corporation (NASDAQ: TUES) announced the appointment of Jeffrey Boyer as Executive Vice President, Chief Administrative Officer and Chief Financial Officer. Mr. Boyer fills both the existing Chief Administrative Officer vacancy and replaces Stephanie Bowman, who has decided to pursue other professional interests but will remain with Tuesday Morning in a consultative capacity to facilitate a smooth transition. Since June 2012, Boyer served as Executive Vice President and Chief Operating Officer of 24 Hour Fitness Worldwide. From April 2008 until June 2012, he was Executive Vice President and Chief Financial Officer at 24 Hour Fitness Worldwide. Previously, he served as President and Chief Financial Officer of Michaels Stores, Inc. from July 2007 until April 2008 and Co-President and Chief Financial Officer from March 2006 to July 2007. Mr. Boyer also held the position of Executive Vice President and Chief Financial Officer of Michaels Stores, Inc. from January 2003 to March 2006. Prior to joining Michaels, Boyer served as the Executive Vice President and Chief Financial Officer of Kmart Corporation and held multiple positions with Sears, Roebuck & Company, advancing to the post of Senior Vice President and Chief Financial Officer. Earlier in his career, he served in senior capacities with the Pillsbury Company and Kraft General Foods. Boyer began his career as an accountant with PricewaterhouseCoopers in 1980.

Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN) announced the appointment of Robert E. Landry as Senior Vice President, Finance. Mr. Landry will also assume the position of Chief Financial Officer of Regeneron on October 1. After 18 years as CFO, Murray A. Goldberg will transition to a new role as Senior Vice President, Administration in anticipation of his retirement at the end of 2014. Mr. Landry was most recently Senior Vice President and Treasurer of Pfizer, Inc. Prior to serving as Senior Vice President and Treasurer of Pfizer, Mr. Landry held a variety of U.S. and international financial and general management positions at Wyeth and Pfizer including Senior Vice President — Finance, Pfizer’s Diversified Businesses, Treasurer of Wyeth, Director of Sales and Marketing and Chief Financial Officer for Wyeth Pharmaceuticals’ Australian and New Zealand affiliates, and various other assignments in both the pharmaceuticals business and the parent company. Mr. Landry joined Wyeth after spending two years as an auditor with PricewaterhouseCoopers LLP.

Ascent Solar Technologies, Inc. (NASDAQ: ASTI) announced that Bill Gregorak has been appointed Chief Financial Officer. Prior to joining Ascent Solar, Mr. Gregorak served as Vice President and CFO of Thule Organized Solutions. Before Thule, Mr. Gregorak was the Vice President and corporate controller for Advanced Energy and Xilinx Corporations. Prior to 2000, Mr. Gregorak spent 17 years with Hewlett-Packard in various financial and operational capacities.

GrafTech International Ltd. (NYSE:GTI) announced that Erick R. Asmussen, GrafTech’s current Vice President of Strategy, Planning and Corporate Development, has been appointed Vice President and Chief Financial Officer. Since joining GrafTech in 1999 as Tax Director, he has also served as GrafTech’s Worldwide Controller (December 1999 – August 2002) and Treasurer and Director of Finance (September 2002 –April 2005). He became Vice President of Strategy, Planning and Corporate Development in May 2005. Prior to joining GrafTech, Mr. Asmussen served as Director of Tax Planning for Corning Incorporated, Tax Manager for AT&T Corporation, and Senior Tax Consultant for Arthur Andersen LLP. Mr. Asmussen succeeds Lindon Robertson who has left GrafTech to pursue other opportunities.

Brooks Automation, Inc. (NASDAQ: BRKS) announced the appointment of Lindon G. Robertson as Executive Vice President and Chief Financial Officer, effective October 1, 2013. Mr. Robertson previously was the Vice President and Chief Financial Officer of Graftech International. Prior to Graftech International, he worked for IBM Corporation for over 25 years in various senior financial management positions, including CFO of IBM’s global hardware business and CFO of IBM’s Japan and China operations.

Delcath Systems, Inc. (NASDAQ: DCTH) announced that the Company’s Board of Directors has implemented a leadership transition plan under which Graham Miao, the Company’s current Executive Vice President and Chief Financial Officer, has been appointed to serve as Interim Co-President and Co-Chief Executive Officer. In addition to his role as Interim Co-President and Co-Chief Executive Officer, Dr. Miao shall continue to serve as the Company’s Executive Vice President, Chief Financial Officer. Dr. Miao joined Delcath in 2011 as Executive Vice President and Chief Financial Officer. Previously, he served as Chief of Staff of the Global CFO Organization and member of the Financial Leadership team of Dun & Bradstreet Corporation.  Prior to joining Dun & Bradstreet, Dr. Miao was Executive Vice President & CFO of Pagoda Pharmaceuticals.  In addition, Dr. Miao has held various leadership positions, including division CFO roles, with Symrise, Inc., Schering-Plough Corporation and Pharmacia Corporation, and served as a biotech equity analyst with J.P. Morgan.

Enterprise Financial Services Corp. (NASDAQ: EFSC) announced that Keene S. Turner will join the Company as Executive Vice President and Chief Financial Officer, effective October 14, 2013. He previously served at National Penn Bancshares, Inc. in Pennsylvania as Executive Vice President and Chief Accounting Officer. Prior to National Penn, Turner was a vice president at the investment banking firm Griffin Financial Group. Turner succeeds Frank Sanfilippo, who was named Executive Vice President and Chief Operating Officer for Enterprise. Sanfilippo joined Enterprise in 2001 as its CFO.

Entitle Direct Group, Inc., the parent company of EnTitle Insurance Company, announced the appointment of John Sheffield as its new Chief Financial Officer and Corporate Secretary. Prior to joining EDG in 2013, John served as Executive Vice President, Chief Financial Officer and Corporate Secretary for a publicly traded manufacturer of healthcare supplies. Prior to that John held senior positions in the investment banking industry with Bank of America Merrill Lynch and the Bank Street Group after many years with Wasserstein Perella & Co. He commenced his professional career as an auditor with a predecessor to PricewaterhouseCoopers.

CFO Moves – week ending September 6, 2013

CFO Moves this week include:

Kraft Foods Group KBR Ingersoll-Rand
Logitech International Coca-Cola Enterprises ForgeRock Inc.
Capital Access Network, Inc. Newmont Mining Corporation AG Mortgage Investment Trust, Inc.
Silver Spring Networks, Inc. SPI Solar Accuray Incorporated
Craig Wireless Systems Ltd. Convene Fish & Richardson
Safe-Guard Products International, LLC NV Energy, Inc. Gaming Partners International Corporation
Synthesis Energy Systems, Inc. NFP SonaCare Medical
MSA Vital Therapies, Inc. Acquia
Pegasystems Inc. Liquid Robotics GoodData
InoLife Technologies, Inc. SeaChange International Uber
Mistras Group, Inc. Immunomedics, Inc. Alliqua, Inc.
Ocera Therapeutics

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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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Kraft Foods Group (NASDAQ: KRFT) announced Teri List-Stoll has joined the company as senior vice president of finance and will succeed current Chief Financial Officer (CFO) Timothy McLevish in the first quarter of 2014. List-Stoll worked for nearly 20 years at Procter & Gamble (P&G).  Since 1994, she has held a number of finance leadership roles in business unit management, supply chain, sales, accounting, and financial planning and analysis.  Most recently, she was senior vice president and treasurer.  Prior to joining P&G, List-Stoll was a fellow with the Financial Accounting Standards Board and spent six years at Deloitte & Touche, providing financial counsel to large multinational companies.  She is also a board and audit committee member of Danaher Corporation and a founding member of the Corporate Women’s Executive Forum.

KBR (NYSE: KBR) announced that Susan Carter will resign as Executive Vice President and Chief Financial Officer effective September 26, 2013. Ms. Carter will join another company as Chief Financial Officer.

Ingersoll-Rand (NYSE: IR) announced that Susan Carter will join the company as senior vice president and chief financial officer, effective September 27. Carter joins Ingersoll Rand from KBR, Inc., where she served for four years as executive vice president and chief financial officer. Carter succeeds Steve Shawley who, as announced earlier this year, will stay with the company during a transition period and retire before the end of the year. Shawley has been with Ingersoll Rand and Thermo King, a brand of Ingersoll Rand, for 20 years, serving as chief financial officer for the last five years. Prior to joining KBR, Carter held the position of executive vice president and chief financial officer at Lennox International, Inc. Her 30 years of experience includes prior financial leadership positions at Cummins, Inc., Honeywell International, Crane Company and DeKalb Corporation. She has been a member of the Board of Directors for Air Products and Chemicals Inc. and Lyondell Chemical Company.

Logitech International (NASDAQ: LOGI) announced that Vincent Pilette has joined the company as chief financial officer (CFO). Vincent Pilette joins Logitech from Electronics for Imaging where he served as CFO for nearly three years. Prior to joining EFI, Pilette spent 14 years at Hewlett-Packard, holding a variety of finance positions in the U.S. and EMEA.Nik Jhangiani

Coca-Cola Enterprises (NYSE: CCE) announced that effective November 1, 2013, Manik ‘Nik’ Jhangiani will become chief financial officer. Nik is currently vice president, European finance. During his career he worked at both Coca-Cola Hellenic and The Coca-Cola Company. In his 10 years at Coca-Cola Hellenic, Nik held several senior finance leadership positions, including five years as CFO. Prior to joining CCE, Nik was CFO of Bharti Enterprises, one of the largest Indian multi-national companies with revenues of more than $15 billion. He also has worked at other multi-national organizations, including Colgate-Palmolive, Bristol Myers, and Deloitte & Touche. Nik replaces Bill Douglas, who recently assumed additional responsibility for CCE’s supply chain organization. Mr. Douglas joined the Coca-Cola system in 1985, contributing leadership skills in a number of European senior management roles, including chief financial officer of Coca-Cola Hellenic. Bill joined CCE in 2004 and has served as CCE’s chief financial officer since 2005.

ForgeRock Inc. announced the appointment of its new chief financial officer, John Fernandez. Before joining ForgeRock, Fernandez was SVP of finance at Rearden Commerce. He has also spent five years at Siebel Systems.

Capital Access Network, Inc. (CAN) has appointed GE Capital Veteran Shiladitya (“Shila”) Ray as the company’s new Chief Financial Officer. Ray succeeds former CFO Daniel DeMeo, who is now CAN’s Chief Executive Officer. Ray has spent the past 16 years in various finance leadership roles at GE Capital. Most recently, he was the Global Simplification Leader for GE Treasury. Before his role in Treasury, he was the Chief Financial Officer (CFO), Operations for GE Capital, Americas. Ray also served as CFO for several GE businesses, including GE Trailer Fleet Services, GE Global Electronics Solutions and GE Commercial Finance, India. At GE Global Electronics Solutions, where he was Chief Financial and Operations Officer in San Diego. He was also the Global Pricing Leader for GE Capital Solutions. Ray began his career at GE Capital, India where he worked in FP&A, Operations and Controllership.Laurie Brlas

Newmont Mining Corporation (NYSE: NEM) announced the appointment of Laurie Brlas as Executive Vice President and Chief Financial Officer. Ms. Brlas most recently served as Executive Vice President and President of Global Operations for Cliffs Natural Resources (“Cliffs”). Ms. Brlas served as Cliffs’ Executive Vice President and Chief Financial Officer from 2006 to 2012. Prior to this role, she was Senior Vice President and Chief Financial Officer at STERIS Corporation. Her experience also includes leadership positions at OfficeMax Incorporated, Corning Clinical Laboratories and Deloitte & Touche. Ms. Brlas is currently a Board member and Chair of the Audit Committee of Perrigo Company. Tom Mahoney, who served as the Company’s interim Chief Financial Officer since May 2, 2013, will resume his role as Vice President and Treasurer and report to Ms. Brlas.

AG Mortgage Investment Trust, Inc. (NYSE: MITT) announced that it has appointed Brian C. Sigman as the new Chief Financial Officer, Principal Accounting Officer and Treasurer of the Company. Frank Stadelmaier, the Company’s CFO since its initial public offering in 2011, has resigned as Chief Financial Officer, but will continue to serve as a Director of the Company. He will assist Mr. Sigman in the transition, as well as expand his responsibilities as the Chief Accounting Officer of Angelo, Gordon & Co., L.P. Prior to joining the Company, Mr. Sigman was Chief Financial Officer, Principal Accounting Officer and Treasurer of Newcastle Investment Corp. (“Newcastle”) from August 2008 to May 2013. He was also a Managing Director of Newcastle’s external manager, an affiliate of Fortress Investment Group LLC. Mr. Sigman served as Vice President of Finance of Newcastle from 2006 to 2008 and as Assistant Controller from 2003 through 2006. From 1999 to 2003, Mr. Sigman was a Senior Auditor at Ernst & Young LLP.

Silver Spring Networks, Inc. (NYSE: SSNI) announced that Jim Burns is joining the company as Executive Vice President and Chief Financial Officer. John Joyce, the company’s current Vice Chairman and Chief Financial Officer, will continue as Silver Spring’s Vice Chairman. Burns is an accomplished global executive and spent 24 years with Hewlett-Packard where he held numerous leadership positions including CFO of Enterprise Business, COO and SVP of Enterprise Services, General Manager of PC Services and Accessories, and VP of Investor Relations.

SPI Solar (OTC: SOPW) announced the appointment of Charlotte Xi as interim chief financial officer. This appointment follows Jim Pekarsky’s decision to resign as SPI’s chief financial officer effective September 13, 2013 in order to join an undisclosed private company as chief executive officer. Xi, who was appointed to SPI’s board of directors on August 20, 2013, is an experienced finance and operations executive, who most recently served as senior vice president of global operations for Canadian Solar, Inc. Prior to that, she served as Canadian Solar’s vice president of finance from August 2008 to November 2009 and compliance officer from September 2007 to November 2009. She served as corporate controller from February 2007 to July 2008. Her experience also encompasses roles with companies such as ARAMARK Corporation and TV Guide Magazine in the United States.

Accuray Incorporated (NASDAQ: ARAY) announced that Derek Bertocci has resigned as Senior Vice President and Chief Financial Officer of the company effective September 2, 2013.  Today, Accuray has appointed Gregory Lichtwardt, executive vice president, chief financial officer, effective immediately.  Mr. Bertocci is anticipated to continue in a consulting role with the Company. Mr. Lichtwardt joins Accuray after spending over nine years with Conceptus Inc., where he served as Executive Vice President, Chief Financial Officer. Prior to joining Conceptus Inc., he served as Executive Vice President, Chief Financial Officer and Corporate Secretary of Innoventry, Inc., a financial services company.  He was previously with Ocular Sciences, Inc. as Vice President, Finance and Chief Financial Officer.  Prior to that, Mr. Lichtwardt held senior management positions with Allergan, Inc. and started his career with American Hospital Supply Corporation.  Mr. Lichtwardt also serves on the board of directors of Biolase, Inc., where he is the chair of the audit committee and participates on the compensation committee.

Craig Wireless Systems Ltd. (TSX: CWG) announced that it has appointed Cole Cox as its Interim Chief Financial Officer.

Convene has appointed Kenneth A. Clark as the company’s first chief financial officer (CFO). Prior to joining Convene, he served as CFO for Chef’s Warehouse. Previously, Mr. Clark had been vice president-controller at Credit Suisse Energy and director of asset management and analysis for United Rentals.

Fish & Richardson announced today that Daniel Lasman has joined the firm as Chief Financial Officer (CFO).  Lasman will replace Alison Boos, who served as Fish’s CFO for 24 years and was integral to helping build the firm’s market leadership position in IP and litigation. Prior to joining Fish, he was the CFO of Monitor Company Group LP.

Safe-Guard Products International, LLC announced that Jeff Koenig has joined the company as Chief Financial Officer. Most recently, Jeff served as Senior Vice President, Chief Financial Officer, and Treasurer with Ability Resources.  Prior to joining Ability Resources, Jeff was Chief Operating Officer and Chief Financial Officer of Beazley’s US Operations.  Jeff has worked in various senior financial roles at Executive Risk, Amerisafe, and Meadowbrook.

NV Energy, Inc. (NYSE: NVE) announced that Jonathan Halkyard, Executive Vice President and Chief Financial Officer will leave the Company to pursue an opportunity outside of the utility industry.  His departure will be effective September 13, 2013.  The Company also announced that E. Kevin Bethel currently Vice President and Chief Accounting Officer will become Vice President and Chief Financial Officer effective September 16, 2013.

Gaming Partners International Corporation (NASDAQ: GPIC) announced that Gerald W. Koslow will be leaving the Company as Chief Financial Officer and Treasurer, effective on September 30, 2013,  to pursue another opportunity.

Synthesis Energy Systems, Inc. (NASDAQ: SYMX) appointed Charles Costenbader as chief financial officer. In his most recent position with Tangent Energy Solutions, Inc., he was responsible for project financing activities regarding power generation projects and hedging structures for environmental credits and power.  Previously, Mr. Costenbader was with Macquarie Bank Limited in the power and natural gas commodities division in Houston from 2007 to 2011 and 2004 to 2006. Additionally, Mr. Costenbader has previous chief financial officer experience with Galveston Bay Biodiesel, L.P. From 1989 to 1998, he served as vice-president in the Structured Finance Group of GE Capital.

NFP announced that Brett Schneider, most recently Senior Vice President and Controller, has been appointed Executive Vice President, Chief Financial Officer. Mr. Schneider succeeds Donna Blank, who joined NFP in 2008. Mr. Schneider joined NFP in January 2003 as Vice President and Director of Financial Reporting, and has served as Senior Vice President and Controller since January 2007.

SonaCare Medical announced that Vincent (Vinny) Prajka has joined as Chief Financial Officer. Prior to joining SonaCare Medical, Prajka served as Vice President and Chief Financial Officer of Blackbaud’s Enterprise Customer Business Unit and Target Analytics Business Unit. Previously Prajka spent more than eight years in investment banking, most recently as a Principal with Piper Jaffray.

Vital Therapies, Inc. (VTI) announced that Michael Swanson has joined VTI as Chief Financial Officer and Treasurer. Mr. Swanson has served as Chief Financial Officer at Amira Pharmaceuticals, Inc., Prometheus Laboratories Inc., and Advanced Tissue Sciences, Inc. He also served as Director of Finance of the Fisher Scientific Group, Inc. and its parent, The Henley Group, Inc. Aron Stern, the company’s founding Chief Financial Officer, has now become VTI’s Chief Administrative Officer and Secretary. Dennis Morgan

Acquia announced the appointment of Dennis Morgan as its new chief financial officer. Morgan was previously CFO of Buddy Media when it was acquired by Salesforce.com in 2012. Morgan was also vice president of corporate finance at Yahoo!. He also held CFO posts at EPAC Technologies, Inc., Panther Express Corp. and Vibrant Media.

Pegasystems Inc. (NASDAQ: PEGA) announced that the company has appointed Rafeal E. Brown to the positions of Chief Financial Officer, Chief Administrative Officer, and Senior Vice President. Mr. Brown was previously a Senior Vice President in the finance group at Salesforce.com. Prior to Salesforce, he worked at Cisco Systems. Mr. Brown began his career with Arthur Andersen in 1991.

Liquid Roboticsannounced that Pablo Luther, former CFO of Gridiron Systems Inc. (recently acquired by Violin Memory) has joined the company as Chief Financial Officer (CFO). Luther has held CFO and COO-level positions in Silicon Valley start-ups including Kasenna, Netfish Technologies and eFinance Corporation, all of which culminated in M&A transactions. Prior to that, Luther spent six years at Stormedia, Inc. in senior executive roles including V.P Finance and CFO. He started his career at HP, where he spent six years in financial management roles, including Controller of the PC Division.Keith Adams

GoodData announced the hire of Keith Adams as the company’s new Chief Financial Officer. Keith joined GoodData from Bazaarvoice, Google and Opsource.

InoLife Technologies, Inc. (OTC: INOL) announced the hire of James W. Thomas II as Chief Financial Officer. Mr. Thomas is an accounting and finance professional experience including previous Securities and Exchange Commission reporting. Mr. Thomas is the president of a Financial Services company supporting small, medium and public businesses. Mr. Thomas also served as the president of a food manufacturing company.

SeaChange International (NASDAQ: SEAC) announced the appointment of Anthony Dias to the permanent role of Chief Financial Officer, Senior Vice President and Treasurer.  Mr. Dias has served as the Company’s interim CFO since May 2013. Mr. Dias joined SeaChange in 2007 as Vice President of Finance and Corporate Controller.  He became Chief Accounting Officer in 2012.  Prior to joining SeaChange, he served as Corporate Controller at LeMaitre Vascular, Inc. and also held various senior finance positions with Candela Corporation, Globalware, Inc. and Aldiscon, Inc. 

Uber announced that Brent Callinicos joined Uber as Chief Financial Officer. Most recently, he served as VP, Treasurer & Chief Accountant at Google where he was responsible for treasury and risk management activities. Brent joined Google early in 2007 after 14 years at Microsoft. His most recent role there was as Corporate Vice President and Divisional CFO for Microsoft’s Platforms and Services Division, which encompassed the Windows, Server and MSN business groups. He was also Microsoft’s Treasurer 2000-2004.

Mistras Group, Inc. (NYSE: MG) announced that Francis Joyce, the Company’s Executive Vice President, Chief Financial Officer and Treasurer, resigned from his positions with the Company. Philip Orlando, Group Controller, will serve as Mistras’ interim principal financial officer.

Immunomedics, Inc. (NASDAQ: IMMU) announced the appointment of Peter P. Pfreundschuh as Vice President, Finance and Chief Financial Officer. Mr. Pfreundschuh replaces Gerard G. Gorman, who is retiring from the Company following a transition period. Peter Pfreundschuh most recently was the Chief Financial Officer for Circulite Inc. Prior to that he was the Executive Director Business Development and Licensing for AstraZeneca Pharmaceuticals L.P. Prior to joining AstraZeneca, Mr. Pfreundschuh served at Johnson and Johnson as Controller of the R&D division and Controller/Director of Marketing and Global Business Analytics. During this time, he also served as Chief Financial Officer/Treasurer for 3 Dimensional Pharmaceuticals, which was acquired by J&J. Mr. Pfreundschuh has also held management positions at Alimenterics, Inc., and American Standard Companies, Inc., and was a Senior Auditor at Ernst & Young, LLP.

Alliqua, Inc. (OTC: ALQA) appointed Brian M. Posner as Chief Financial Officer. Steve Berger, Alliqua’s current CFO, will remain with the Company through the end of 2013 to help ensure a smooth transition. Most recently Posner served as CFO of Ocean Power Technologies, Inc. Prior to that appointment, he served as CFO of Power Medical Interventions, Inc. until its sale to Covidien plc in 2009. He earlier served as CFO of Pharmacopeia, Inc. and Phytomedics, Inc., and as Regional CFO of Omnicare, Inc.

Ocera Therapeutics (NASDAQ: OCRX) announced that Jeryl L. Hilleman has been appointed chief financial officer. Ms. Hilleman will replace Dana McGowan who will continue with the company during a transition period in which the company plans to move its headquarters to Northern California. Most recently, Ms. Hilleman has provided independent financial and strategic consulting for biotech and cleantech companies. From 2008 to 2012, Ms. Hilleman served as CFO of Amyris, Inc. Prior to Amyris, Ms. Hilleman served as CFO of Symyx Technologies, and led the finance function at two public biotechnology companies, Geron Corporation and Cytel Corporation. Ms. Hilleman is also a member of the board of directors and chair of the audit committee of Xenoport.

CFO Moves – week ending August 30, 2013

CFO Moves this week include:

Inteliquent, Inc. Fibrocell Science, Inc. Blackbaud, Inc.
SBT Bancorp, Inc. E*TRADE Financial Corporation ALLETE, Inc.
Stratose Accretive Health, Inc. Mansfield Energy Corporation
Life Time Fitness, Inc. ImmunoGen, Inc. bioTheranostics, Inc.
Bramasol, Inc. J-W Measurement Company Open English
NeoPhotonics Corporation Intcomex, Inc. LKA Gold Incorporated
Hyperdynamics Corporation Heartland Financial USA, Inc. Museum of Fine Arts, Houston
Trade Street Residential, Inc. Key Property Solutions, LLC Mindseye
Electronics For Imaging, 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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Inteliquent, Inc. (NASDAQ: IQNT) announced that David Zwick, Chief Financial Officer and Executive Vice President, decided to step down to pursue other personal and career opportunities. Eric Carlson, Inteliquent’s Controller, has been appointed to serve as interim principal financial officer and interim principal accounting officer. Mr. Carlson joined Inteliquent in May 2004 and has served as Controller since that time.

Fibrocell Science, Inc. (NYSE: FCSC) announced the appointment of Greg Weaver as Chief Financial Officer, Senior Vice President, Treasurer and Corporate Secretary of the Company. Weaver replaces Declan Daly, who will leave the company to reside full time in Ireland. Weaver joins Fibrocell from oncology drug development company Celsion Corp. where he served as chief financial officer after serving six years on Celsion’s board of directors. Prior to Celsion, Weaver served as CFO for six other biotechnology companies, including Poniard Pharmaceuticals, Talyst, Inc., Sirna Therapeutics, Nastech Pharmaceutical Co., Ilex Oncology and Prism Technologies and consulted for countless others.

Blackbaud, Inc. (NASDAQ: BLKB) announced that Anthony Boor, senior vice president and chief financial officer of Blackbaud, has been named interim president and chief executive officer until a permanent CEO is appointed. Mr. Boor will also maintain his responsibilities as CFO. Mr. Boor, age 50, joined the Company as senior vice president and chief financial officer in November 2011. Prior to joining the Company, he served as an executive with Brightpoint, Inc. beginning in 1999, most recently as its executive vice president, chief financial officer and treasurer. Prior to joining Brightpoint, Mr. Boor was employed in various financial positions with Macmillan Computer Publishing, Inc., Day Dream Publishing, Inc., Ernst & Young LLP, Expo New Mexico, KPMG LLP and Ernst & Whinney LLP.

SBT Bancorp, Inc. (OTC: SBTB), the holding company of Simsbury Bank, announced that Richard J. Sudol has joined its team as Senior Vice President and Chief Financial Officer of both the Bank and SBT Bancorp, Inc. Mr. Sudol was most recently the Chief Financial Officer of Florida Shores Bank. Earlier in his career, Mr. Sudol was 13 years with Webster Financial Corporation serving in a variety of financial roles.

E*TRADE Financial Corporation (NASDAQ: ETFC) announced that Richard J. Carbone has been appointed to the Company’s Board of Directors. Mr. Carbone is Executive Vice President at Prudential Financial, Inc. He served as Executive Vice President and Chief Financial Officer of Prudential for 16 years before retiring from that position this year. Mr. Carbone brings 37 years of experience in financial services, having held senior finance office positions in both the banking and securities industries, including Managing Director and Controller of Salomon Brothers and Senior Vice President and Controller of Bankers Trust Company. He began his career at Price Waterhouse & Co.

ALLETE, Inc. (NYSE: ALE) announced the planned retirement of Chief Financial Officer Mark Schober. As part of an orderly transition, Schober will remain at the company until mid-year 2014. Schober joined ALLETE in 1978. He was named Director of Internal Audit in 1989 and Company Controller in 1993, before being named Senior Vice President and Chief Financial Officer in 2006.

Stratose announced the addition of Stephen Rubio as Chief Financial Officer. Rubio joined Stratose on May 28th, 2013. He has previously worked for PricewaterhouseCoopers, MCI Communications, Affiliated Computer Services/Xerox, and most recently OPTUMInsight, a UnitedHealth Group company.

Accretive Health, Inc. (NYSE: AH) announced the appointment of Sean F. Orr as its new chief financial officer and treasurer. John Staton, who has served in those positions since 2005, has taken the position of senior vice president, provider business solutions, with the company. Previously, Mr. Orr served as senior vice president and chief financial officer at Maxum Petroleum. Mr. Orr has also served as president and chief financial officer at Dale and Thomas Popcorn; executive vice president and chief financial officer of The Interpublic Group of Companies; senior vice president and controller at PepsiCo and executive vice president and chief financial officer of its Frito-Lay division; and as an audit partner at KPMG. Since June 2011, Mr. Orr has served as a director of Value Vision Media, Inc., where he is a member of the Audit Committee and the Human Resources and Compensation Committee, and is the Chairman of the Finance Committee.

Mansfield Energy Corporation announced it has named Michael Jasperson as its Chief Financial Officer. Jasperson succeeds John Byrd, who will now serve as the Company’s Chief Operating Officer. Most recently, Jasperson held the position of Global General Manager of Finance at Royal Dutch Shell. Prior to his time with Shell, Jasperson held various leadership positions at organizations including Precision Castparts, Fisher Scientific and Engelhard Corporation.

Life Time Fitness, Inc. (NYSE: LTM) announced that Michael R. Robinson plans to retire as executive vice president and chief financial officer in early 2014. Robinson’s nearly 12-year tenure with Life Time began in March 2002 when he was elected executive vice president and CFO. Previously, he served as executive vice president and CFO of Next Generation Network, Inc. from April 2000 to March 2002. Over a 17-year period prior to that, Robinson served in multiple senior management and financial roles with Honeywell International, Inc.

ImmunoGen, Inc. (NASDAQ: IMGN) announced that Gregory D. Perry, Executive Vice President and Chief Financial Officer, has provided notice of his intention to resign to pursue other interests. In the interim, Daniel M. Junius, President and Chief Executive Officer, will be the Company’s acting chief financial officer.

bioTheranostics, Inc. announced that Gail Sloan joined the company as chief financial officer. Sloan was chief financial officer and vice president of finance at La Jolla Pharmaceutical. Sloan also was assistant controller at Affymax Research Institute. Sloan started her finance career at Ernst & Young.

Bramasol, Inc. announced that Mina Farahmand has joined Bramasol assuming the role of chief financial officer. Farahmand has served in leadership positions for several high-tech companies, including chief financial officer for Xeralux, Inc., and international chief financial officer for Ultratech, Inc. Additionally, she has held management positions at AMD, Infineon Technologies and Deloitte. Farahmand is replacing Jonathan Bell, who has been with Bramasol since early 2001.

J-W Measurement Company has named Mark B. Newman as Chief Financial Officer.

Open English announced that Bart Catalane joined the company as Chief Financial Officer (CFO). Previously, Bart was CFO of Getty Images.

NeoPhotonics Corporation (NYSE: NPTN) reported that James D. Fay, its Senior Vice President of Finance and Chief Financial Officer, has announced his resignation in order to pursue another career opportunity. Mr. Fay will remain an employee until November 11, 2013 and remain as a consultant through March 15, 2014. The Company also announced that it has retained Cal Hoagland as the interim Chief Financial Officer of the Company. Mr. Hoagland is a principal of FLG Partners, LLC. Mr. Hoagland will serve as the Company’s interim Chief Financial Officer until the Company completes its search for a new Chief Financial Officer.

Intcomex, Inc. announced the departure of Juan Carlos Riojas as the Company’s Chief Financial Officer (CFO), effective immediately following the filing of the Company’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2013.

LKA Gold Incorporated (OTC: LKAI) announced that Michael Hess will be assuming the role as Chief Financial Officer. Mr. Hess will be replacing Nanette Abraham who has served as the Company’s CFO for the past 10 years. Mr. Hess has worked with LKA over the past five years as a contract audit and internal control consultant responsible for overseeing the Company’s financial reporting, audit preparation and periodic SEC filings. Nanette Abraham will continue to assist in project and administrative cost control. Mike has over sixteen years of private industry and public accounting experience, holding positions such as Corporate Controller at Medicity as well as Director of Administrative Services and Technical Accounting Consultant at PacifiCorp Energy.

Hyperdynamics Corporation (NYSE: HDY) announced the resignation of Paul C. Reinbolt, Executive Vice President and Chief Financial Officer.  Mr. Reinbolt will remain with the Company through December 31, 2013.

Heartland Financial USA, Inc. (NASDAQ: HTLF) announced that Bryan McKeag will join the company as Chief Financial Officer on September 23, 2013. McKeag succeeds John K. Schmidt, who resigned effective July 15, 2013. Most recently, McKeag served as Executive Vice President – Corporate Controller and Principal Accounting Officer for Associated Banc-Corp. His experience includes executive positions in finance with JP Morgan Chase & Co. as well as accounting and audit positions with KPMG LLP. Eric Anyah

Museum of Fine Arts, Houston announced the appointment of Eric O. Anyah as the Museum’s Chief Financial Officer. Anyah comes to the Museum from the Art Institute of Chicago, where he was most recently Executive Vice President and CFO. Anyah joined the Art Institute of Chicago in 2003 as Vice President of Budget, Financial and Strategic Planning, following positions in finance and budget with, among other organizations, the Leadership Council for Metropolitan Open Communities, the University of Chicago and the U.S. offices of software-solutions company Pindar Systems. Anyah begins his new role in October 2013. He succeeds Gwendolyn H. Goffe, who retired in June after 25 years at the Museum of Fine Arts, Houston.

Trade Street Residential, Inc. (NASDAQ: TSRE) announced the appointment of Richard H. Ross Chief Financial Officer. Mr. Ross is the founder and owner of Chiron Consulting, LLC. Prior to that, Mr. Ross served as Chief Financial Officer for 13 years at Branch Properties, LLC. Previous to Branch Properties, LLC, Mr. Ross had a 20 year finance and accounting career with several companies, including his last position with Gearon Communications, where he served as Chief Financial Officer. The Company concurrently announced that Bert Lopez has stepped down as Chief Financial Officer. Mr. Lopez will remain as the Chief Operating Officer and Chief Compliance Officer.

Key Property Solutions, LLC announced that it has hired Simon Frost as its Chief Financial Officer. Frost was previously the CFO and Founding Partner of The American Home (TAH). Prior to TAH, Frost was the Treasurer of Goal Financial, served as the CFO of Taylor Development and Land Company, and spent several years in public accounting with PWC and Smith & Williamson.

Mindseye announced that Bill Truchan has joined the company as chief financial officer. Truchan most recently served as chief financial officer and then chief operating officer of the private equity-backed OnSite, acquired by Integreon where he served as a senior vice president. Prior to OnSite, he was at Ikon, where he served as chief financial officer of the company’s largest territory – the Mid-Atlantic region.

Electronics For Imaging, Inc. (NASDAQ: EFII) announced that Vincent Pilette has resigned as Chief Financial Officer to pursue another opportunity. The company intends to appoint Marc Olin, Senior Vice President and General Manager of EFI Productivity Software, as interim Chief Financial Officer. Marc was previously CEO and co-founder of Printcafe Software, a public company EFI acquired in 2003.

CFO Moves – week ending August 23, 2013

CFO Moves this week include:

The Hain Celestial Group, Inc. Elizabeth Arden, Inc. AccentCare
LifePoint Hospitals, Inc. IO SolarWinds, Inc.
Host Analytics RingCentral, Inc. Annaly Capital Management, Inc.
Voltari Corporation GreenHunter Resources, Inc. Opus Bank
TetraLogic Pharmaceuticals NeoStem, Inc. InVivo Therapeutics Holdings Corp.
Targeted Medical Pharma, Inc. Govplace Midway Gold Corp.
USAA Real Estate Co. First Sound Bank Interstate Hotels & Resorts
Interactions Corporation American Restaurant Concepts, Inc. BUMP Network
Angie’s List  Rita’s Italian Ice Joyent
Applied DNA Sciences, Inc. Internet America, Inc. INetU
Omnitek Engineering Corporation Webroot Aerie Pharmaceuticals, Inc.
Micrel, Inc. Spirit AeroSystems, 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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The Hain Celestial Group, Inc. (NASDAQ: HAIN) announced the appointment of Stephen J. Smith as Executive Vice President and Chief Financial Officer, effective September 3, 2013.  The planned retirement of Ira J. Lamel as Chief Financial Officer, effective August 31, 2013, was previously announced on September 5, 2012. Stephen Smith was most recently Executive Vice President and Chief Financial Officer of Elizabeth Arden, Inc. since 2001. Prior to joining Elizabeth Arden, he was a Partner at PricewaterhouseCoopers LLP and its predecessor, Coopers & Lybrand LLP.

Elizabeth Arden, Inc. (NASDAQ: RDEN) announced that Stephen J. Smith has resigned as the Company’s Executive Vice President and Chief Financial Officer in order to accept a position as Executive Vice President and Chief Financial Officer with The Hain Celestial Group, Inc. Mr. Smith will remain with the Company through September 1, 2013.

AccentCare announced the appointment of Jeffrey S. Sherman as chief financial officer, effective September 16, 2013.  Mr. Sherman was most recently the executive vice president and chief financial officer of LifePoint Hospitals (NASDAQ: LPNT). Prior to joining LifePoint in April 2009, Mr. Sherman served as vice president and treasurer of Tenet Healthcare. From 1990 to 2009, he worked in a variety of capacities at Tenet and its predecessor company.

LifePoint Hospitals, Inc. (NASDAQ: LPNT) announced that Leif Murphy has been appointed chief financial officer, effective September 14, 2013. Murphy succeeds Jeffrey S. Sherman, who is leaving the Company. Before joining LifePoint in 2011, he served as president and chief executive officer of DSI Renal, Inc. Prior to DSI, he was senior vice president and treasurer at Caremark, Inc. He has also held leadership roles at Renal Care Group, Inc., National Nephrology Associates, Inc. and HealthSouth Corporation.

IO announced that Michael Berry has joined the company as Chief Financial Officer. Mr. Berry joins IO from SolarWinds where he was Executive Vice President and CFO. Prior to SolarWinds, Mr. Berry was CFO at i2. Prior to his CFO experience, Mr. Berry served in various executive roles at The Reynolds and Reynolds Company, most recently as Senior Vice President of Solutions Management, Development and Operations. He has also held executive management positions at Comdata Corporation and Travelers Express Co. (now MoneyGram International). Mr. Berry is currently a Member of the Board of Directors and Audit Committee Chairman for Rapid7.

SolarWinds, Inc. (NYSE: SWI) announced that Michael Berry, executive vice president and Chief Financial Officer, will leave the company to take a CFO position at a high tech growth company.  Berry will remain CFO of SolarWinds through October 1, 2013, while transitioning his role. Effective October 1, 2013, Jason Ream, currently vice president of Growth Strategy, will be named Executive Vice President, Finance and CFO. Mr. Ream joined SolarWinds in April 2009 as Vice President, Business Development and Investor Relations.  Since then, Mr. Ream served in an operational role as Vice President, Tools leading the integration of DameWare, which was acquired by SolarWinds in December 2011. Prior to joining SolarWinds, Mr. Ream worked for J.P. Morgan as an Executive Director in investment banking from July 2006 to January 2009.  From July 1999 to July 2006, he held various roles in investment banking at UBS, Piper Jaffray and Credit Suisse First Boston.

Host Analytics announced the appointment of Ian Halifax as Chief Financial Officer. Most recently, Ian was CFO at Grass Valley. Prior to that, he spent four years as CFO at Wind River Systems. He was also CFO at Micromuse. He was also CFO at Macrovision. In the early part of his career, he held numerous finance positions at technology companies including Sun Microsystems and Wang Labs, as well as spending time at KPMG.

RingCentral, Inc. announced the appointment of Clyde R. Hosein as Executive Vice President and Chief Financial Officer. Prior to joining RingCentral, Mr. Hosein served as Chief Financial Officer for Marvell Technology Group. Mr. Hosein also served as Marvell’s Interim Chief Operating Officer from 2008 to 2010. Prior to joining Marvell he served as Chief Financial Officer for Integrated Device Technologies, Advanced Interconnect Technologies and Candescent Technologies. Mr. Hosein began his career with IBM Corporation, where he held positions in engineering, operations and finance

Annaly Capital Management, Inc. (NYSE: NLY) announced that it has appointed Glenn A. Votek as Chief Financial Officer of the Company. Mr. Votek was previously the Company’s Chief Administrative Officer. The company’s Chief Financial Officer, Kathryn F. Fagan, has decided to retire. Mr. Votek joined the Company in May 2013 from CIT Group where he was an Executive Vice President and Treasurer since 1999 and President of Consumer Finance since 2012. He also previously served as Chairman of the Board of CIT Bank. Mr. Votek joined CIT in November 1999 following its acquisition of Newcourt Credit Group, at which time he was appointed Treasurer. Prior to the acquisition, he was the Treasurer of Newcourt Credit Corp. and AT&T Capital Corporation. Mr. Votek has also held various treasury and financial management positions within AT&T Corporation, Amerada Hess Corporation and Westinghouse Credit Corporation.

Voltari Corporation (NASDAQ: VLTC) announced the hiring of John Breeman as Chief Financial Officer. Prior to joining Voltari, Breeman served as CFO of Mojiva, Inc. During the years preceding his role at Mojiva, Breeman worked for many firms providing strategic and financial oversight, as well as leading Corporate Development teams at IDT, AT&T and Siemens Corporation.

GreenHunter Resources, Inc. (NYSE: GRH) announced that the Company has appointed Ronald (“Ron”) McClung as its new Senior Vice President and Chief Financial Officer effective September 1, 2013. Mr. McClung initiated his career as an audit manager while at public accounting firms KPMG and Robinson, Burdette, Martin & Cowan, LLP, and as a Corporate Controller while at Key Energy Services, Inc. and as a Chief Financial Officer at Basic Energy Services, Inc. Most recently, Mr. McClung has served as Corporate Controller for Patterson-UTI Energy, Inc.

Opus Bank announced that Thea K. Stuedli, Opus’ Executive Vice President, Chief Financial Officer, has resigned from the Bank, effective August 30, 2013. Additionally, Opus announced that Nicole M. Carrillo, Opus’ Senior Vice President, Chief Accounting Officer since January 2011, has been appointed to the position of Executive Vice President, Chief Financial Officer, effective August 30, 2013, as well as appointed a member of the Bank’s seven person Executive Committee. Ms. Carrillo will also become a member of the Board of Directors of the Opus Community Foundation. Prior to joining Opus Bank, Ms. Carrillo worked in the financial services practice of the KPMG LLP Los Angeles office since 2001, having most recently served as an Audit Senior Manager.

TetraLogic Pharmaceuticals announced the appointment of Pete A. Meyers as Chief Financial Officer. Mr. Meyers was most recently Managing Director, Co-Head of Global Health Care Investment Banking at Deutsche Bank Securities Inc.  He joined Deutsche Bank in 2005 after serving six years with Credit Suisse First Boston LLC where he was a Managing Director in Health Care Investment Banking specializing in the biotechnology and pharmaceutical sectors.  Prior to that, he worked at Dillon, Read & Co., specializing in health care mergers and acquisitions.

NeoStem, Inc. (NASDAQ: NBS) announced today the appointment of Robert Dickey IV as Chief Financial Officer.  Larry May, the Company’s long-time CFO, is assuming the newly-created position of Vice President, Strategic Initiatives. Mr. Dickey is joining NeoStem from Hemispherx Biopharma, Inc. where he served as Senior Vice President.  Prior to Hemispherx , Mr. Dickey was Senior Vice President, Chief Financial Officer and Business Unit Manager at StemCyte, Inc.  Other management experience includes leadership positions at Protarga, Inc., and Locus Pharmaceuticals.  Previously, he spent 18 years as an investment banker, 14 of those at Lehman Brothers, with a background split between M&A and capital markets transactions across a variety of industries.

InVivo Therapeutics Holdings Corp. (OTC: NVIV) announced that Francis M. Reynolds has resigned from his positions as Chairman, CEO and CFO of the company due to his medical condition. The Board has appointed  Sean Moran, the company’s Director of Finance, as acting CFO.

Targeted Medical Pharma, Inc. (OTC: TRGM) announced the appointment of William B. Horne as the company’s Chief Financial Officer. Horne previously held the position of CFO at various companies, including OptimisCorp, a privately held healthcare technology company, and Patient Safety Technologies, Inc. He also held supervisory positions at Price Waterhouse, LLP.

Govplace announced the appointment of Mark A. Serway as Chief Financial Officer of the company. Mr. Serway joins Govplace after spending five years with Akima, LLC., where he served as Senior Vice President, Chief Financial Officer. Prior to joining Akima, LLC., he served as Chief Financial Officer of Employment Enterprises, Inc. and Paradigm Solutions Corporation. He also served in senior financial leadership positions with Lockheed Martin IT and Getronics Government Solutions.

Midway Gold Corp. (NYSE: MDW) announced that John Labate has resigned as Chief Financial Officer for personal reasons. Fritz Schaudies will re-join the Company as Interim CFO.Jim Hime

USAA Real Estate Co. has named Jim Hime as the company’s new chief financial officer, effective September 1, 2013. Mr. Hime joins USAA Real Estate Company from the Abu Dhabi Investment Authority (“ADIA”) where he was employed for three years as Chief Financial Officer of the Real Estate and Infrastructure Department. Before joining ADIA, Mr. Hime was with the Lionstone Group.  Earlier, Mr. Hime was co-founder and managing director of Hawkeye Partners, and served as senior vice president and head of capital markets at Hines Interests.  Before joining the real estate sector, Hime spent 20 years at Baker & Botts, where he became a partner and was responsible for opening the firm’s New York office.

First Sound Bank (OTCBB: FSWA) announced that Phyllis Nomura has joined as executive vice president and chief financial officer.  She most recently served as executive vice president and chief financial officer for Core Business Bank. Nomura began her career in 1994 with Deloitte before joining the banking sector.  Over the succeeding years, Nomura served in various accounting and finance, operations and regulatory leadership roles for First Security Bank of Washington, Viking Bank, Washington Mutual and Core Business Bank.

Interstate Hotels & Resorts announced the appointment of Carrie McIntyre as chief financial officer. She most recently served as the Company’s executive vice president and treasurer. Early in her career, McIntyre worked in corporate controller and senior accountant positions for a technology company and accounting firm, leading to her position as vice president and corporate controller at MeriStar Hotels & Resorts.

Interactions Corporation announced that Edward Durkin has joined the company as Chief Financial Officer. Durkin most recently served as Chief Executive Officer and President of Tactical Communications Group, LLC (“TCG”). Prior to TCG, Durkin served as CFO and Vice President of Incipient. He also served as CFO of Sockeye Networks, Open Market, Radview Software, Starburst Communications, and served as Director of Finance and Administration at CrossComm Corporation. Initially, Durkin spent 10 years with Ernst & Young LLP. Durkin has also served on the Board of Directors and as the Audit Committee Financial Expert for Community Bancorp Inc. prior to its acquisition by Citizens Financial Group, as has also served on the Board of Directors at Incipient, TCG and Cast Navigation.

American Restaurant Concepts, Inc. (OTC: ANPZ), operator and franchisor of the award-winning Dick’s Wings & Grill® restaurants, announced that it has appointed Daniel Slone to serve as the new Chief Financial Officer of the Company. He currently serves as the Controller of Blue Victory Holdings. Before Blue Victory, Mr. Slone served as the Director of Operations of LCS Corrections Services. Prior to that, he acquired more than seven years of franchising experience with Pop-A-Lock, initially serving as the Vice President and Director of Franchise Operations for the company and later serving as the Chief Financial Officer for the company’s largest franchisee. Gregg Parise

BUMP Network is proud to announce that Gregg Parise has joined the company as its new President and CFO.  Parise was hired away from Hambrecht & Quist as the Senior Vice President and co-manager of the equity trading department at Raymond James in St. Petersburg, FL.

Angie’s List (NASDAQ: ANGI) announces that Thomas R. Fox will join the company as Chief Financial Officer. Prior to Angie’s List, Mr. Fox served as Senior Director, Business Planning and Operations for Nokia. Mr. Fox came to Nokia through its acquisition of NAVTEQ. Mr. Fox was a 10 year member of NAVTEQ’s leadership team serving in various roles including financial planning and analysis, investor relations and product management. Prior to NAVTEQ, Mr. Fox served in investment banking and asset management roles. Mr. Fox will assume his responsibilities at Angie’s List effective September 24th.John Dombroski

Rita’s Italian Ice announced the appointment of John Dombroski, who has been named Senior Vice President and Chief Financial Officer of the company.  Most recently, Dombroski served as Chief Financial Officer of Sancoa, and previously held senior finance positions with Hasbro, and Campbell Soup.

Joyent announced the appointment of Brett Newsome as the company’s Chief Financial Officer. Most recently, Brett served as the Chief Financial Officer for GoGrid. Prior to GoGrid, Brett was the Vice President of Finance for UltraDNS, which was acquired by Neustar.

Applied DNA Sciences, Inc. (OTC: APDN) announced that Karol Kain Gray will join the company as Chief Financial Officer. Ms. Gray comes to the company from the University of North Carolina, Chapel Hill, where she was Vice Chancellor for Finance and Administration. Ms. Gray served as the Executive Vice President/Treasurer of the Chapel Hill Foundation Real Estate Holdings, Inc., Treasurer of The University of North Carolina at Chapel Hill Investment Fund, Inc. (CHIF), Treasurer of The University of North Carolina at Chapel Hill Foundation, Inc., and Secretary/Treasurer of UNC Management Company. Ms. Gray also sits on the Board of Directors of Chapel Hill/Carrboro Chamber of Commerce, MBA @UBC LLC, UNC Press Board of Governors, and UNC Health Care System. Her previous position was at the University at Stony Brook, where she worked her way up steadily as a financial analyst, chief accountant, controller, Vice President for Finance and Administration and the Chief Financial Officer. Since August 2011, Ms. Gray has been a Director, Chairman of the Audit Committee and Member of the Compensation Committee, for APDN. Ms. Gray succeeds Kurt Jensen who resigned effective today to pursue other interests. In addition to serving as President and CEO, Dr. James Hayward will serve as interim CFO until October 7, 2013, when Ms. Gray’s appointment as CFO becomes effective.

Internet America, Inc. (OTC: GEEK) announced the appointment of Randall J. (Randy) Frapart as Chief Financial Officer and Chief Accounting Officer. Mr. Frapart replaces William E. (Billy) Ladin, who resigned from these positions and continues as Chairman and Chief Executive Officer. Mr. Frapart also currently serves as the Chief Financial Officer of US Dataworks, Inc., a position held since July 2009. Prior to that, Mr. Frapart served as President of Albeck Financial Services, Inc., a pre-audit accounting firm. Before that, Randy was CFO of Plumgood Food. Formerly, Randy served as CFO of publicly traded HyperFeed Technologies, after being CFO/CEO of Cyvent Technologies. Mr. Frapart began his professional career working 12 years with KPMG in Chicago.

INetU announced that Tim O’Keefe has been hired as Chief Financial Officer. O’Keefe started his career at KPMG, followed by various financial executive positions with publicly held companies as well as start-up organizations. Most recently, he served as CFO for DBSi International Inc.

Omnitek Engineering Corporation (OTC: OMTK) announced the promotion of Alicia Rolfe to chief financial officer from controller, succeeding Janice Quigley who elected to retire from her position. Prior to joining Omnitek, Rolfe served as head of financial reporting for Rancho Trade, Inc. Earlier in her career, she served as a staff accountant for ZD Market Intelligence, a subsidiary of Ziff-Davis, Inc.

Webroot announced that John Post, former vice president of finance, has been named chief financial officer. Before joining Webroot, he was vice president of tax at DISH Network and Echostar Corporation. Prior to that, he was tax director at Molson Coors Brewing Company, and has also held management roles at First Data Corporation and Deloitte Tax LLP.

Aerie Pharmaceuticals, Inc. announced that Murray Goldberg has been appointed to the Company’s Board of Directors. Mr. Goldberg has served as Chief Financial Officer of Regeneron Pharmaceuticals, Inc. since 1995. Prior to joining Regeneron, Mr. Goldberg was Vice President, Finance, Treasurer, Chief Financial Officer and a Director of the private biotechnology company PharmaGenics, Inc. Previously, Mr. Goldberg was Managing Director, Structured Finance Group at the Chase Manhattan Bank, N.A., and prior to this, he served in various managerial positions in finance and corporate development at American Cyanamid Company.

Micrel, Inc. (NASDAQ: MCRL) reported that Ray Wallin, Chief Financial Officer and VP of Finance & Human Resources, has informed the Company of his intention to resign his position.

Spirit AeroSystems, Inc. (NYSE: SPR) announced that Phil Anderson has been named senior vice president of Defense and Contracts. Sanjay Kapoor has agreed to join the company as senior vice president and chief financial officer, succeeding Anderson in that position. Kapoor has served as the chief financial officer at divisions within the Raytheon Company and United Technologies Corporation. Mr. Kapoor most recently served as vice president, Integrated Air & Missile Defense, Integrated Defense Systems, Raytheon.

CFO Moves – week ending August 16, 2013

CFO Moves this week include:

Motorola Solutions, Inc. ProQuest Revelry Brands
Uroplasty, Inc. Valmont Industries, Inc. Bonanza Creek Energy, Inc.
Unifi, Inc. Dendreon Corporation First Financial Northwest, Inc.
PURE Bioscience Golden State Warriors Cambridge International, Inc.
Health Insurance Innovations, Inc. Fraternity Community Bancorp, Inc. Roofing Supply Group, LLC
Electric Cloud Pinnacle Engines LIG Assets, Inc.
Adherex Technologies Inc. United Stationers Inc. United States Steel Corporation
Cardno

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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 has been named acting chief financial officer. Bonanotte will replace Ed Fitzpatrick, who will be leaving the company. Bonanotte, previously corporate vice president overseeing financial operations for the company’s sales and product operations organization, joined Motorola in 1988 and has held a number of key global financial leadership positions in his 25 years with the company, He served on the board of directors for Vertex and other joint ventures in Latin America.

ProQuest  promoted Jonathan Collins to Chief Financial Officer. Mr. Collins has been interim CFO since May. Mr. Collins joined ProQuest in 2010 as Vice President of Global Financial Operations.  Prior to joining ProQuest, he was the Executive Director of Financial Operations for the North American and Asian businesses at International Automotive Components (IAC). Prior to that role, Mr. Collins spent five years with Lear in various financial roles in offices throughout the world. Before joining Lear, Jonathan was a financial analyst with Accenture.

Revelry Brands announced today that it has named Seth Beers as Chief Financial Officer. Prior to joining Revelry, Beers was CFO and COO at PACT Apparel. Previously, he was an investment banker in the consumer products sector at Banc of America Securities and Green, Manning and Bunch. Beers is an active angel investor for early-stage consumer businesses.

Uroplasty, Inc. (NASDAQ: UPI) announced the appointment of Brett A. Reynolds as Senior Vice President and Chief Financial Officer. He joins Uroplasty following 10 years in senior positions, including Chief Financial Officer, with Synovis Life Technologies. Prior to Synovis, Mr. Reynolds served in executive financial positions at Chiquita Processed Foods, Arthur Andersen and Deloitte & Touche.

Valmont Industries, Inc. (NYSE: VMI) reported that Richard P. Heyse, the Company’s Executive Vice President, Chief Financial Officer and Treasurer has left the Company for personal reasons.  Terry J. McClain, who previously served as Senior Vice President, Chief Financial Officer and Treasurer, has been named as Interim CFO and will assume the responsibilities of principal financial officer until a permanent CFO has been selected.

Bonanza Creek Energy, Inc. (NYSE: BCEI) announced that William J. Cassidy has been hired to serve as the Company’s Executive Vice President and Chief Financial Officer. Most recently, Mr. Cassidy served as the Global Head of Corporate Finance and Treasury for Puma Energy. From 2009-2013, Mr. Cassidy was a Principal at RPA Capital, LLC. He has served as a director of Oasis Petroleum since 2010 and as a director of GasValpo, SA, from 2008 until 2012. From 2008 to 2009, Mr. Cassidy worked as Chief Financial Officer of USDCM, LLC. From 1995 until 2008, Mr. Cassidy served in a variety of investment banking roles, including Head of Exploration and Production Investment Banking at Barclays Capital, Principal of the Energy and Power Investment Banking division at Banc of America Securities and Vice President at JPMorgan Chase.

Unifi, Inc. (NYSE: UFI) announced that Ronald L. Smith resigned as the Vice President and Chief Financial Officer of the company to pursue other opportunities. The company appointed James M. Otterberg, the Registrant’s Chief Accounting Officer, as interim Chief Financial Officer. Mr. Otterberg will continue in his role as the Registrant’s principal accounting officer, a role he has held since October 26, 2011.

Dendreon Corporation (NASDAQ: DNDN) announced that Gregory T. Schiffman, Executive Vice President, Chief Financial Officer and Treasurer, plans on leaving the company effective December 31, 2013. Gregory R. Cox, currently Vice President, Finance, assumes the role of Interim Chief Financial Officer of the Company. As Interim Chief Financial Officer, Mr. Cox will be the Company’s principal financial officer as well as its principal accounting officer, the role he currently assumes. Mr. Cox joined the Company in November, 2005 and has served as the Company’s Vice President, Finance for the past five years. On February 7, 2006, Mr. Cox was designated the principal accounting officer of the Company. Prior to joining the Company, from 1999 to September, 2005, Mr. Cox was the Vice President and Treasurer of Corixa Corporation, and from 1995 to 1999 was Corixa’s Controller.

First Financial Northwest, Inc. (NASDAQ: FFNW) announced that Richard P. Jacobson had been appointed as Chief Financial Officer of the Company and its financial institution subsidiary, First Savings Bank Northwest. In July 2013, Mr. Jacobson was appointed Chief Administrative Officer of the Company and Chief Operating Officer of the Bank. Mr. Jacobson’s expanded role is in response to the departure of Kari A. Stenslie, Vice President and Chief Financial Officer of the Company and the Bank since February 2008. Ms. Stenslie has decided to leave the Company and the Bank effective September 15, 2013, to pursue other interests.

PURE Bioscience (OTC: PURE) announced that the company’s former chief financial officer, Peter C. Wulff, returned to the company to serve as both its CFO and chief operating officer.

The Golden State Warriors named Jennifer Cabalquinto as the team’s Chief Financial Officer (CFO). Marty Glick, the Warriors’ current CFO, will remain with the organization as a Special Advisor to Ownership. Most recently, Cabalquinto served as Vice President and Chief Financial Officer for Universal Studios Hollywood since 2007. Cabalquinto joined NBC Universal as part of the Telemundo acquisition. At the time of the acquisition, she served as Vice President and Chief Financial Officer for the Telemundo Station Group in Miami, Florida. Before joining Telemundo, Jennifer worked for Ernst and Young, Royal Caribbean Cruise Lines and Future Tech International in auditing, financial planning and reporting and controllership roles.

Cambridge International, Inc. announced the appointment of John Belza as Chief Financial Officer of the company. Belza’s most recently was Chief Financial Officer of Carat Security Group. Prior to Carat Security Group, he had been serving as the Executive Director of Finance, Global Operations and Product Development of Hill-Rom Company. From 2003 to 2005, he served as the Vice President, Corporate Procurement of Fifth Third Bancorp. Prior thereto at General Electric Company, from 1997 to 2002, he served in a number of positions including as Executive Brand Manager, Financial Planning and Analysis, GE Aircraft Engines.

Health Insurance Innovations, Inc. (NASDAQ: HIIQ) announced the appointment of Paul Gabos to its Board of Directors. Mr. Gabos was most recently Chief Financial Officer of Lincare Holdings Inc. until the company’s acquisition in August 2012 by Linde Group AG. Mr. Gabos replaces Garry Raeckers on the Board who remains in the position of Chief Operating Officer. Since 2002, Mr. Gabos has served as a member of the Board of Directors of MEDNAX, Inc. (NYSE:MD), where he serves as Audit Committee Chairman and a member of the Executive Committee of the Board. He is also a member of the Board of Directors of privately-held Life Line Screening Holdings, LLC. Prior to Lincare, Mr. Gabos was a merger and acquisition specialist with Dean Witter Reynolds Inc. and also worked for Coopers & Lybrand.

Fraternity Community Bancorp, Inc. (OTC: FRTR) announced the promotion of Michelle Miller to Chief Financial Officer. Mrs. Miller has been with the Company for ten years and five months, and previously held the title of Controller. Shaun Mara

Roofing Supply Group, LLC announced the appointment of Shaun Mara as the company’s new Chief Financial Officer. Mr. Mara joins from Dean Foods, where he was CFO.  He was also formerly with Wm. Wrigley Jr. Company and The Gillette Company where he held various positions in the US and Western Europe including Senior VP of Finance, Corporate Controller and Chief Accounting Officer.

Electric Cloud announced that Steven Vattuone has joined the company as Chief Financial Officer. Vattuone joins Electric Cloud from Grass Valley USA, LLC, where he served as the interim Chief Financial Officer and Vice President of Finance.  Prior to that, Vattuone was the Chief Financial Officer at Composite Software, a leader in data virtualization solutions.  He also held previous positions as Vice President, Finance and Corporate Controller at Micromuse, Corporate Controller at Rovi Corporation (formerly Macrovision), Vice President of Finance at Organic, Inc., and Corporate Controller at Brio Software.

Pinnacle Engines named Jonathan Michael as its first Chief Financial Officer (CFO). He joins Pinnacle Engines from Solexel where he served as CFO. Prior to Solexel, Jonathan was CFO at mobile phone innovator Sonim Technologies. Previously he held CFO positions at Solyndra, Tak Imaging, and IXI Mobile. He got his start in operations and finance positions at Fairchild Semiconductors and National Semiconductor.

LIG Assets, Inc. (OTC: LIGA) announced that it has hired Richard W. Barber to become its interim, full-time, in house Chief Financial Officer.  The position is expected to become permanent.  Mr. Barber has extensive CFO experience at companies such as Bank of America Investment Services, Inc., Computer Clearing Services and Global Asset Management, Inc.  Other notable major firms that Mr. Barber has worked for include J.P. Morgan, and Ernst & Young.

Adherex Technologies Inc. (OTC: ADHXF) announced that Robert Andrade has resigned as Chief Financial Officer and a director of the Company. Krysia Lynes, who has solid accounting background and has worked for Adherex since July 2010, will assume the role of Chief Financial Officer on an interim basis.

United Stationers Inc. (NASDAQ: USTR) announced that Fareed Khan, senior vice president and chief financial officer, has decided to leave the company to accept a position with another firm.  The company also announced that Todd Shelton has been appointed to senior vice president and chief financial officer.  Mr. Shelton is currently president of United Stationers Supply and has held several key business and financial leadership roles during his 12 years at United Stationers.David Burritt

United States Steel Corporation (NYSE: X) announced that David B. Burritt will succeed Gretchen R. Haggerty as executive vice president and chief financial officer.  Burritt, who served as chief financial officer and vice president of global finance and strategic services for Caterpillar Inc. from 2004 to 2010, will start effective Sept. 1.  Haggerty will retire effective Aug. 31.   Burritt currently serves on the board of directors for Lockheed Martin (NYSE: LMT) and Global Brass and Copper (NYSE: BRSS).

Cardno recently hired Michael Landry to fill a new Chief Financial Officer position within their Americas Region. Mr. Landry brings with him 24 years of experience, including working as an investment banker and as a senior executive with CH2M Hill and The Shaw Group.