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|
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 email@example.com or by phone at +1 (415) 738-2070.
+ + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + +
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.
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.).
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.
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.
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.
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.
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.
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.