CFO Moves this week include:
|Norfolk Southern Corporation||HBC||Knoll, Inc.|
|SpartanNash||DigitalOcean||Chembio Diagnostics, Inc.|
|Surna Inc.||KEPRO||Transforming Age|
|Arrow Financial Corporation||Kinderhook Bank Corp.||Peak Resorts, Inc.|
|Kirby Corporation||NRT LLC||Medovex Corp.|
|Analog Devices, Inc.||NeoPhotonics Corporation||Compressor Engineering Corporation|
|OnSolve||NuVasive, Inc.||Epizyme, Inc.|
|Novasyte||BrainChip Holdings Ltd.||PS Business Parks, Inc.|
|ALJ Regional Holdings, Inc.||Riskalyze||Diamond Resorts International|
|Global Medical REIT Inc.||Merrimack Pharmaceuticals||Photronics, Inc.|
|FalconStor Software, Inc.||Lucktastic|
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Norfolk Southern Corporation [NORFOLK, Va.] (NYSE: NSC) announced that it has appointed Cynthia C. Earhart as executive vice president and chief financial officer. Earhart succeeds Thomas E. Hurlbut, NS’ vice president and controller, who has served as interim chief financial officer since Aug. 1, 2017, following the retirement of Marta R. Stewart. Earhart joined NS in 1985 and most recently served as executive vice president and chief information officer. In connection with her appointment as CFO, Earhart will retain her information technology responsibilities. Since joining NS’ accounting department in 1985, Earhart held positions of increasing responsibility in the accounting department, including assistant vice president, before transitioning to information technology. She was named vice president, information technology in 2001. In 2007, Earhart was named vice president human resources, and in 2013, she was appointed executive vice president administration. She assumed expanded responsibilities as executive vice president, administration and chief information officer in 2015. Earhart, a former certified public accountant, began her career at NS following her service as an accountant at Ernst & Young’s predecessor CPA firm Ernst and Whinney.
HBC [TORONTO & NEW YORK] (TSX: HBC) announced Edward Record has been named Chief Financial Officer, effective August 28, 2017. He joins HBC after more than three years as Chief Financial Officer for J. C. Penney Company, Inc. (“JCP”). Prior to JCP, Record most recently served as Executive Vice President, Chief Operating Officer of Stage Stores, and previously as its Chief Financial Officer. Record has also held executive leadership positions in finance at Kohl’s and Belk. Record began his extensive career in retail at Kaufmann’s, a division of The May Department Store Company, holding various roles across the finance department, ultimately working his way up to VP of Finance and Controller. Mr. Record succeeds Paul Beesley, who, as previously announced is leaving HBC. Mr. Beesley has agreed to remain with the Company for a period of time to ensure a smooth transition.
Knoll, Inc. [EAST GREENVILLE, Pa.] (NYSE: KNL) named Charles W. Rayfield its new Senior Vice President and Chief Financial Officer. Mr. Rayfield joined Knoll in 2015 as the Company’s Vice President, Finance and Corporate Controller; since June of this year, he has also served as the Company’s Chief Accounting Officer and Acting Principal Financial Officer. Prior to joining Knoll, Mr. Rayfield served as Vice President, Controller of Tucson, AZ – based Providence Service Corporation. He has also served as the Corporate Controller of Malvern, PA – based BioTelemetry, Inc. Earlier in his career, he held various positions with Ernst & Young LLP, Pricewaterhouse Coopers LLP and Arthur Andersen LLP.
SpartanNash [GRAND RAPIDS, Mich.] (NASDAQ: SPTN) announced that the Company has appointed Mark Shamber as Executive Vice President and Chief Financial Officer (CFO), effective September 11, 2017. Shamber previously served as Chief Financial Officer for United Natural Foods, Inc. Following his departure from UNFI at the end of 2015, Mark has been working as an independent consultant and serving as the Vice Chairman, Board of Directors of Day Kimball Healthcare, Inc. Earlier in his career, Shamber worked in the audit practice of Ernst & Young and in the finance department of Reebok International. Shamber replaces Tom Van Hall, who has been acting as SpartanNash’s interim CFO since July of 2017.
DigitalOcean [NEW YORK] announced it has hired Steve Senneff as chief financial officer. Senneff joins DigitalOcean from Cotiviti. Prior to Cotiviti, Senneff spent 16 years at Nielsen. During his tenure, Senneff served as regional and group CFO for several international divisions of the company. Senneff began his career at Abbott Laboratories as a senior financial analyst.
Chembio Diagnostics, Inc. [MEDFORD, N.Y.] (NASDAQ: CEMI) announced that Richard J. Larkin, Executive Vice President and Chief Financial Officer (CFO), has informed the Company of his intention to retire by December 31, 2017.
Surna Inc. [BOULDER, Colorado] (OTCQB: SRNA) appointed Paul Kelly as the Company’s Chief Financial Officer and Treasurer. Since 2004, Mr. Kelly has been a consultant to numerous smaller private companies, mostly in fractional or interim Chief Financial Officer, Controller, and other senior financial and accounting roles, at the following companies: Wave Solar Technologies, Inc. (2016 to 2017); Bluenergy Solar Wind, LLC (2015 to 2017); Novinda, Inc. (2011 to 2014); ION Engineering (2012 to 2015), Anzode, Inc. (2010 to 2014); and Firefly Energy, Inc. (2004 to 2008). Mr. Kelly was the Chief Financial Officer, Treasurer and Secretary of Visual Products Corporation (“VPC”) from 2001 to 2004. In addition, Mr. Kelly was Chief Financial Officer of Bolder Technologies Corporation (“Bolder”) from 2000 to 2002. He also served as the Executive Vice President, Chief Financial Officer and Secretary of CET Environmental Services, Inc. in 1999. Mr. Kelly was the VP Finance for Technology Management Advisors from 1997 to 1999. From 1985 through 1997, Mr. Kelly was employed by the Adolph Coors Company and its affiliated companies in various senior financial management positions including the Controller for the Membrane Separations and Engine Components Unit of Golden Technologies Company. Mr. Kelly was also the Director of Strategic Planning and Finance for the Coors Advanced Electronics Group and began his career at Coors as the Internal Audit Manager at the parent company. Prior to that, Mr. Kelly was employed as an Audit Manager at PricewaterhouseCoopers.
Transforming Age [BELLEVUE, Wash.] announced Michael Connell as its new Chief Financial Officer (CFO). Prior to joining the Transforming Age executive team, Connell served as the CFO at Asbury Communities in Germantown, Maryland. His not-for-profit senior living experience also includes several years as the CFO at Ingleside Presbyterian Retirement Community in Washington, D.C. and Lourdes Residence in West Palm Beach, FL. He also brings previous experience in both for-profit senior living and as a health care auditor at Ernst & Young. Connell succeeds Jerry Schoeggl, who has served as CFO at Transforming Age for just over a year in a part time capacity. Jerry will continue to play a significant role in shaping strategic financial initiatives for the organization as Assistant Treasurer.
Arrow Financial Corporation [GLENS FALLS, N.Y.] (NASDAQGS: AROW) announced Edward J. Campanella will join the company as Senior Vice President, Treasurer and Chief Financial Officer for Arrow, and Executive Vice President and Chief Financial Officer for the Company’s lead subsidiary, Glens Falls National Bank and Trust Company, effective September 5. Mr. Campanella, who is currently serving as CFO of National Union Bank of Kinderhook, brings 19 years of finance and banking experience to Arrow. Prior leadership roles include Treasurer and Director of Finance at Opus Bank in Irving, California, and Treasurer at Cambridge Savings Bank in Cambridge, Massachusetts. He began his career in finance as an analyst for Darling Consulting Group. He succeeds Terry Goodemote, who in February announced his intent to retire as Arrow CFO after more than 20 years of service to the Company, including more than 10 years as the Chief Financial Officer.
Kinderhook Bank Corp. [KINDERHOOK, N.Y.] (OTCQB: NUBK), the parent bank holding company of The National Union Bank of Kinderhook (“Kinderhook Bank”), announced a change in the executive management team. Edward J. Campanella, Senior Vice President and Chief Financial Officer of Kinderhook Bank and the Company, has announced his plans to leave the organization in order to accept a position with a larger financial institution. The Boards of Directors of the Company and the Bank have appointed the Company’s and the Bank’s President and Chief Executive Officer, John A. Balli, as interim Chief Financial Officer of both the Company and Kinderhook Bank effective upon Mr. Campanella’s departure. Mr. Balli, a certified public accountant, previously served as the Company’s Treasurer and Kinderhook Bank’s Chief Financial Officer for approximately ten (10) years prior to his appointment as President and Chief Executive Officer. Mr. Balli will serve in these additional capacities until a new Chief Financial Officer is named.
Peak Resorts, Inc. [WILDWOOD, Mo.] (NASDAQ: SKIS) announced its succession plan for chief financial officer, Stephen J. Mueller. Mueller, 69, will step down on October 3, 2017, following the company’s 2017 annual meeting of stockholders. He will remain with the company for an initial period of three years, as Executive Vice President to assist in the transition of financial reporting matters and provide assistance with special projects and growth initiatives. He will also remain a member of the board of directors. In this planned transition, Christopher J. Bub, chief accounting officer, will assume the CFO role on October 3, 2017. Before joining Peak in June 2015, he served as senior director of finance for Nortek Global HVAC, formerly NORDYNE LLC. Prior to joining NORDYNE LLC, he held a variety of managerial and leadership positions at The Boeing Company and Deloitte & Touche, LLP.
Kirby Corporation [HOUSTON] (NYSE: KEX) announced that C. Andrew Smith, Executive Vice President and Chief Financial Officer of Kirby, has informed Kirby that he is resigning from his position effective September 7, 2017 to accept another opportunity. David Grzebinski, Kirby’s President and Chief Executive Officer, will then serve in the dual roles of Chief Executive Officer and Chief Financial Officer on an interim basis until Kirby identifies a new Chief Financial Officer.
NRT LLC [MADISON, N.J.], a subsidiary of global real estate leader Realogy Holdings Corp. (NYSE: RLGY), announced that Roger Favano has joined NRT as senior vice president and chief financial officer. Favano brings more than 25 years of financial leadership experience mostly spent at General Electric Capital Corporation in senior financial leadership roles including chief financial officer in risk management, chief operating officer in risk management, and chief financial officer in GE corporate treasury, among others from 1997 through 2016. He most recently served as executive vice president and chief operating officer of DFC Global Corporation. With this appointment, Favano replaces Kevin Greene, who will be stepping down from his role with NRT later this year after assisting in this transition.
Medovex Corp. [ATLANTA, GA] (NASDAQ: MDVX) reported it has named Charlie Farrahar as its Chief Financial Officer. Mr. Farrahar was the first Chief Financial officer of the Company from its inception through IPO. He remained with the Company as its Secretary only from January 2015 until August 2017, when he agreed to resume the CFO role. Mr. Farrahar currently serves as Chief Financial Officer for several small private biotech companies in the research and development stage. In 2003 he joined a private governmental assistance startup as it’s CFO and Director of Human Resources, helping with the sale of that company to a private entity in 2011 after it had grown to a multi-state operation with over 400 employees. In the late 1990’s he was CFO of Credit Depot Corp. Jeffery Wright, the former CFO, agreed to become the Company’s first Controller.
Analog Devices, Inc. [NORWOOD, Mass.] (NASDAQ: ADI) announced that Prashanth Mahendra-Rajah will join the Company on September 28, 2017 as Senior Vice President, Finance and Chief Financial Officer. Mr. Mahendra-Rajah currently serves as Chief Financial Officer of WABCO Holdings Inc., a position he has held since June 2014. Prior to his appointment at WABCO, he served as Corporate Vice President and Segment CFO for the Silicon Systems Group, a division of Applied Materials, Inc. Previously, Mr. Mahendra-Rajah held global finance and operational positions at Visa and United Technologies. Eileen Wynne will continue serving as Analog Devices’ interim Chief Financial Officer and Vice President and Chief Accounting Officer until Mr. Mahendra-Rajah’s first date of employment, after which she will continue to serve as the Company’s Vice President and Chief Accounting Officer.
NeoPhotonics Corporation [SAN JOSE, Calif.] (NYSE: NPTN) announced the appointment of Elizabeth “Beth” Eby as the Company’s Senior Vice President and Chief Financial Officer. Beth is replacing Sandra Waechter, Interim Chief Financial Officer. Beth Eby brings to NeoPhotonics more than 25 years of financial experience at Intel Corporation where she most recently held the position of Vice President of Finance and Group Chief Financial Officer for Intel’s Internet of Things Group. Prior to that she was Vice President of Finance and Group Controller for Corporate Financial Planning & Reporting. Over the course of her career Ms. Eby also held finance leadership roles related to cost and manufacturing, sales and product planning, including two multi-year assignments in Asia.
Compressor Engineering Corporation (CECO) & CECO Pipeline Services [HOUSTON] announced that Heath Cleaver has been named the company’s Chief Financial Officer. Recently, Mr. Cleaver has been providing CFO consulting services for a diverse range of clients in the home water purification, manufacturing and oil and gas industries. Prior to providing CFO consulting services, Mr. Cleaver was the CFO of Global Fabrication Services, Inc., Porto Energy Corp., as well as Chief Accounting Officer of BPZ Resources, Inc. Mr. Cleaver also serves on the board of Bio-Path Holdings, Inc.
NuVasive, Inc. [SAN DIEGO] (NASDAQ: NUVA) announced the appointment of Rajesh (Raj) J. Asarpota as the Company’s new executive vice president and chief financial officer (CFO), effective September 1, 2017. Mr. Asarpota began his career at General Electric (GE) in the GE Financial Management program. He then joined the GE Corporate Audit Staff program and from there moved to GE Healthcare where he held a variety of key finance operating roles. In the last 15 years, he has accumulated critical experience in both public and private enterprises, highlighted by his decade-long tenure at Life Technologies. More recently, Mr. Asarpota was the CFO of publicly-traded Questcor Pharmaceuticals.
Epizyme, Inc. [CAMBRIDGE, Mass.] (NASDAQ: EPZM) announced a leadership transition plan for its finance organization. Andrew E. Singer, executive vice president, finance and administration and chief financial officer of Epizyme, will be leaving the Company at the end of August to pursue other business opportunities. As part of this transition, Susan Graf, chief business officer of Epizyme, will assume responsibility for the finance organization going forward, including Epizyme’s financial reporting and analysis group.
Novasyte [CARLSBAD, CA] announced that Neil Thomas joined the team as Chief Financial Officer. Neil joins from AMN Healthcare, where, most recently, Neil has been working directly with the investor community in the role of Senior Director of Investor Relations. Neil started his career in public accounting before joining AMN Healthcare in 2005. At AMN he served in a variety of finance and operational roles.
BrainChip Holdings Ltd. [SAN FRANCISCO, CA] (ASX: BRN) announced the appointment of Ryan A. Benton as Senior Vice President and Chief Financial Officer. Prior to joining BrainChip, Mr. Benton served as Chief Executive Officer at Exar Corporation. Previously, Mr. Benton served as Chief Financial Officer at Exar. Mr. Benton will assume all responsibilities customary for a public company CFO including those responsibilities previously managed by the Company’s VP of Finance Cossette Drossler, who has left the Company. Prior to joining Exar, Mr. Benton was Chief Financial Officer of SynapSense Corporation. Prior to SynapSense, from February 2007 to May 2012, Mr. Benton was Chief Financial Officer of SoloPower Inc. Prior to joining SoloPower Inc., from November 2004 to February 2007, Mr. Benton served as a financial consultant for the United States subsidiary of ASM International NV in Phoenix, Arizona, a semiconductor capital equipment company. Mr. Benton began his career in 1991 at Arthur Anderson.
PS Business Parks, Inc. [GLENDALE, Calif.] (NYSE: PSB) announced that Edward A. Stokx, Executive Vice President, Chief Financial Officer and Secretary of the Company, resigned from his position with the Company effective August 31, 2017. Maria R. Hawthorne, the Company’s President and Chief Executive Officer, will act as the Company’s principal financial officer and principal accounting officer.
ALJ Regional Holdings, Inc. [NEW YORK] (NASDAQ: ALJJ) announced that it appointed Brian Hartman as its new Chief Financial Officer, replacing Rob Christ. At the same time, ALJ also announced the appointment of Rob Christ as the CFO for its subsidiary, Carpets N’ More. Mr. Hartman joins ALJ from Arcade Beauty, where he served as SVP, Chief Financial Officer beginning in March 2012. Prior to his role as CFO of Arcade Beauty, Mr. Hartman held a variety of executive positions, serving as the Vice President, Corporate Controller for Visant Corporation, and as Corporate Controller for Metallurg, Inc. Prior to this, Mr. Hartman held various accounting and auditing positions at Witco Chemical Corp. and Deloitte & Touche, LLP. Mr. Hartman is a certified public accountant.
Riskalyze [AUBURN, Calif.] announced the appointment of Andrew Palmer as Chief Financial Officer. Palmer most recently served as vice president of finance at Trintech. Prior to that, he served as Chief Financial Officer of the Technology Group at Availity, and has held other senior finance and operating positions at Microsoft and Hewlett-Packard.
Diamond Resorts International [LAS VEGAS] announced that Peter Crage assumed the role of Chief Financial Officer. Most recently he was Chief Financial Officer for SeaWorld Entertainment. Prior to his role with SeaWorld, Crage held the role of Chief Financial Officer for Extended Stay America. Effective December 31, 2017, Alan Bentley will retire as Chief Financial Officer of the Company. Bentley will continue to support Diamond Resorts for the remainder of the year in an advisory role.
Global Medical REIT Inc. [BETHESDA, Md.] (NYSE: GMRE) announced that Robert Kiernan will join the Company as its Chief Financial Officer and Treasurer. Mr. Kiernan succeeds Donald McClure who is pursuing other opportunities. Prior to joining the Company, Mr. Kiernan served as the Senior Vice President, Controller and Chief Accounting Officer of FBR & Co. commencing in October 2007. Prior to joining FBR, Mr. Kiernan served as the Senior Vice President, Controller and Chief Accounting Officer of Arlington Asset Investment Corp. commencing in April 2003. Prior to joining Arlington Asset, Mr. Kiernan was a senior manager in the assurance practice at Ernst & Young.
Merrimack Pharmaceuticals [CAMBRIDGE, Mass.] (NASDAQ: MACK) announced that it has strengthened its executive management team with the appointment of Jean M. Franchi as Chief Financial Officer. Prior to joining Merrimack, Ms. Franchi most recently served as the CFO for Dimension Therapeutics. Previously, she was the CFO at Good Start Genetics. Ms. Franchi also spent 16 years at Genzyme (now Sanofi Genzyme), including as Senior Vice President of Corporate Finance.
Photronics, Inc. [BROOKFIELD, CT] (NASDAQGS: PLAB) announced that Sean T. Smith will retire as senior vice president and chief financial officer of the company, a position he has held since 2002, effective September 4, 2017. Smith will remain with the company as principle accounting officer through September, and then as a consultant through early December, to ensure a smooth transition. The company also announced that it has named John P. Jordan as senior vice president and chief financial officer, effective September 5, 2017. Jordan has most recently been interim vice president, chief financial officer, treasurer and controller of AstroNova, Inc. Before joining AstroNova, Jordan served as vice president, CFO and treasurer of Zygo Corporation from 2011 to 2014. Prior to that he was vice president, CFO and treasurer of Baldwin Technology Company, Inc. for four years. Jordan also held senior finance roles at Paxar Corporation, Amscan and Bodwell Fashion Group.
FalconStor Software, Inc. [MELVILLE, NY] (NASDAQ: FALC) announced the appointment of Patrick McClain as Chief Financial Officer. Dan Murale, formerly FalconStor Chief Financial Officer, resigned to pursue other opportunities. Prior to joining FalconStor, McClain was CFO for Aurea Software, CFO for Rules Based Medicine (currently Myriad RBM), and a fractional CFO for over 20 software and technology clients. Mr. McClain began his career with Price Waterhouse as an audit manager.
Lucktastic [NEW YORK, NY] announced that Rick Busch has joined the company as Chief Financial Officer. Rick comes to Lucktastic from Publishers Clearing House (PCH) where he served as Senior Vice President and Chief Financial Officer.