CFO Moves – week ending October 18, 2013

CFO Moves this week include:

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

Would you like to receive our weekly CFO Moves directly in your email? Click the SIGN ME UP! button on the right of the blog page.

Should you have any CFO Moves to report, please email us.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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