CFO Moves this week include:
|The Western Union Company||The Bill & Melinda Gates Foundation||dick clark productions|
|The Gymboree Corporation||Corning Incorporated||LTCG|
|LNB Bancorp, Inc.||Alfresco Software||Occidental Petroleum Corporation|
|Ultra Petroleum Corp.||Jenne, Inc.||Frank’s International N.V.|
|CTS Engines||BookingPal||Sensity Systems|
|John L. Scott Real Estate||ACADIA Pharmaceuticals Inc.||Top Image Systems, Ltd|
|Repligen Corporation||Iteris, Inc.||Ballantyne Strong, Inc.|
|Meredian Inc.||The Doe Fund||American Fast Freight, Inc.|
|Zions Bancorporation||Say Media||Northern Trust|
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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 firstname.lastname@example.org or by phone at +1 (415) 738-2070.
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The Western Union Company (NYSE: WU) announced following an extensive global search, the appointment of Raj K. Agrawal as Executive Vice President and Chief Financial Officer. Agrawal most recently served as Western Union Executive Vice President and Interim Chief Financial Officer, after previously holding the position of President of Western Union Business Solutions from 2011 through 2013. Agrawal joined Western Union in 2006 as Treasurer and also has served as Senior Vice President of Finance for Europe, Middle East, Africa and Asia Pacific. Prior to joining Western Union, Agrawal held senior financial roles at Deluxe Corporation and General Mills, and he began his career at General Motors and later the Chrysler Corporation.
The Bill & Melinda Gates Foundation announced that Chief Financial Officer Dick Henriques has decided to leave the foundation after four years of leadership. Jim Bromley, currently the foundation’s Managing Director, Financial Planning and Global Programs Operations, was announced as the new Chief Financial Officer. Bromley has held a variety of roles within the foundation’s finance and program operations teams and prior to joining the foundation in 2008 served as a consultant and the Executive Vice President and President of Nordstrom Inc. Catalog and Internet Divisions.
dick clark productions announced that Amy Thurlow, has been named Chief Operating Officer and Chief Financial Officer. Thurlow most recently served as Chief Financial Officer and Executive Vice President of Sales Strategy for TV Guide Network, a CBS/Lionsgate partnership, based in New York and Los Angeles. Prior to serving as CFO and EVP, she held several positions within the company, including Senior Vice President, Sales Strategy and Planning. Earlier in Thurlow’s career, she joined NBC Universal as Manager of Corporate Staff Finance in 1998 and worked her way up to Finance Director of Film and TV Distribution. She began her career at the General Electric Corporation.
The Gymboree Corporation announced that Evan Price gave notice of his resignation as the chief financial and principal accounting officer of the company. Lynda Gustafson has agreed to act as the Company’s interim Chief Financial Officer. Ms. Gustafson served as the Company’s Vice President, Corporate Controller from February 2005 through June 2014 and has been serving as a Senior Advisor to the Company since June 2014. Ms. Gustafson joined the Company in August 2001 as the Corporate Controller and was promoted to Vice President, Corporate Controller in February 2005. From January 2012 until January 2013, Ms. Gustafson also served as the Company’s interim Chief Financial Officer.
Corning Incorporated (NYSE: GLW) appointed Donald W. Blair, executive vice president and chief financial officer for NIKE, Inc. (NYSE: NKE), to Corning’s Board of Directors. Blair will serve on the board’s finance and audit committees. Blair has served as NIKE, Inc.’s CFO since 1999. Previously, he spent 14 years at PepsiCo, Inc. in a number of senior executive-level corporate and operating unit financial assignments, including CFO roles for PepsiCo Japan (based in Tokyo) and Pepsi-Cola International’s Asia Division (based in Hong Kong).
LTCG announced the appointment of Dean Miller as Chief Financial Officer. Prior to joining LTCG, Dean Miller served in various roles at AIG, including Deputy Chief Financial Officer for the global life operations and as the Chief Business and Finance Transformation Officer. Dean had previously worked for Swiss Re in senior leadership roles including Chief Executive Officer for their U.K. run-off life insurance segment and Chief Financial Officer of their global life insurance segment. He was also a partner at Ernst & Young.
LNB Bancorp, Inc. (NASDAQ: LNBB) announced that Gary J. Elek, Executive Vice President and Chief Financial Officer, informed the company of his decision to retire from his employment with the Company in early 2015. In connection with his retirement, Mr. Elek will step down from his position as Chief Financial Officer of the Company effective as of July 28, 2014, after which Mr. Elek will remain employed with the Company and transition the balance of his responsibilities over his remaining time until his planned retirement early next year. Effective July 28, 2014, the Company will appoint James H. Nicholson as Senior Vice President and Chief Financial Officer of the Company. Prior to joining the Company, Mr. Nicholson most recently served, from October 2013 to July 2014, as a Senior Financial Advisor for F.N.B. Corporation. From November 2009 to October 2013, Mr. Nicholson served as Executive Vice President and Chief Financial Officer of PVF Capital Corp., prior to its acquisition by FNB. From 2006 to 2009, Mr. Nicholson served as Regional President and Regional Operating Officer for Huntington National Bank.
Alfresco Software welcomed Bruce Felt, a highly-regarded Silicon Valley CFO, to its Board. Felt is expected to lead Alfresco’s Audit Committee, a subcommittee of the Board that is responsible for the financial operations of the company. Most recently, he served in roles at Auction.com and SuccessFactors, Inc. Prior to Auction.com, Bruce spent six years as CFO at SuccessFactors, Inc. Prior to joining SuccessFactors, Bruce was CFO of several other leading software companies including LANDesk Software, Integral Development Corp. and FullTime Software. He was also a founder, CFO and Director of Sales at Renaissance Software. Bruce currently serves as a Board Member of Hightail Inc. (formerly YouSendIt), Yodlee, and Answers.com.
Occidental Petroleum Corporation (NYSE: OXY) announced the appointment of Marshall D. (Mark) Smith as Senior Executive Vice President and Chief Financial Officer for its subsidiary, California Resources Corporation. Following its separation from Occidental, California Resources Corporation will be an independent company. Mr. Smith was most recently Senior Vice President and Chief Financial Officer at Ultra Petroleum. Mr. Smith served as Vice President of Upstream Business Development at Constellation Energy from 2004 to 2005. He was Vice President of Business Development at J.M. Huber Energy from 2002 to 2004, and Chief Financial Officer of Gulf Liquids, Inc., from 2001 to 2002.
Ultra Petroleum Corp. (NYSE: UPL) announced that its Board of Directors is promoting Garland R. Shaw to Senior Vice President and Chief Financial Officer, effective August 1, 2014, and that Marshall (Mark) D. Smith, the current Senior Vice President and Chief Financial Officer, is resigning to accept a new position at a larger company. Since joining Ultra Petroleum in 2006 as Corporate Controller, and was promoted to the executive leadership team as Vice President and Controller in 2013.
Jenne, Inc. announced that Anthony R. Grilli has joined the company as chief financial officer. Prior to joining Jenne, Tony served as director of financial reporting and analysis, North American Architectural Coatings for PPG Industries. He previously worked in finance and accounting positions with Penton Media, Premier Farnell Corporation and KPMG.
Frank’s International N.V. (NYSE: FI) appointed John Sinders as interim Chief Financial Officer (CFO). Mr. Sinders succeeds Mark Margavio who is stepping down from the CFO position but will remain with the Company to assist in the transition of his responsibilities. Mr. Sinders joined the Company in 2013. In addition to the interim CFO role, he will continue as Executive Vice President, Administration. Mr. Sinders has over 25 years of experience working with management teams within the energy industry.
BookingPal announced that Stephen Ananias has joined the team as Chief Operating Officer. Stephen joins the company from Mindspeed Technologies, Inc., where he served as Senior Vice President and Chief Financial Officer. Prior to that, he served at Broadcom for more than 11 years in various finance positions of increasing responsibility, most recently as Controller, Broadband Communications Group, a semiconductor division of Broadcom.
Sensity Systems announced the appointment of Phil Rehkemper as Vice President and Chief Financial Officer (CFO). Most recently, he was the CFO for API Technologies Corp. Previously, Rehkemper served on the management team for International Rectifier as its Vice President of Finance; was CFO and Vice President of Finance at Alliance Fiber Optic Products; and held finance executive positions at Calient Networks and Hewlett-Packard.
John L. Scott Real Estate announce that Chief Financial Officer, Phil McBride, has been appointed Chief Operations Officer. As the new Chief Operating Officer, McBride’s responsibility of the company’s finances will remain unchanged.
ACADIA Pharmaceuticals Inc. (NASDAQ: ACAD) announced the appointment of Stephen Davis as Executive Vice President, Chief Financial Officer and Chief Business Officer. Mr. Davis most recently served as Executive Vice President and Chief Operating Officer at Heron Therapeutics, Inc., which he joined in 2013. Previously, Mr. Davis served as Executive Vice President and Chief Operating Officer at Ardea Biosciences, Inc. from 2010 to 2013. Prior to joining Ardea, Mr. Davis served in numerous executive roles at Neurogen Corporation from 1994 to 2010, including Chief Financial Officer, Chief Operating Officer, and Chief Executive Officer. Mr. Davis currently serves on the Board of Directors of Heron Therapeutics and Synageva BioPharma Corp.
Top Image Systems, Ltd. (NASDAQ: TISA) announced that Lyron L. Bentovim, member of the TIS Board of Directors since 2008 and most recently serving as COO and CFO of nIT, has agreed to accept appointment to the CFO position to replace Gili Shalita, the company’s CFO since 2008, who will pursue other career opportunities. Mr. Bentovim will cease to be a member of the TIS Board of Directors and assume his position as CFO effective 1st August, 2014. Prior to his last position at nIT, Mr. Bentovim served as Managing Director and COO/CFO at Cabrillo Advisors and as COO/CFO for Sunrise Telecom Inc. Prior to these position, for some years he held the position of Managing Director of Skiritai Capital LLC.
Repligen Corporation announced that Jon K. Snodgres has been named its Chief Financial Officer. Mr. Snodgres joins Repligen from his CFO role at Maquet Cardiovascular. Mr. Snodgres previously spent eight years with Thermo Fisher Scientific where he was Vice President of Finance for the Laboratory Products Group. Mr. Snodgres joined Maquet Cardiovascular as CFO in 2009. Mr. Snodgres has also served as Vice President of Financial Operations for Newport Corporation. He began his career in finance at AlliedSignal/Honeywell International.
Iteris, Inc. (NYSE: ITI) announced that Chuck McBride has resigned from the position of vice president of finance and chief financial officer of the company. Mr. McBride served as the company’s CFO for seven months, from his original appointment in December 2013. Craig Christensen has agreed to assume the role of interim CFO. Mr. Christensen has served as the company’s vice president and controller since April 2012. Prior to joining Iteris, Christensen served as the corporate controller and director of finance and accounting at SM&A, from 2007 through April 2012.
Ballantyne Strong, Inc. (NYSE: BTN) announced that Nathan D. Legband has been appointed Chief Financial Officer, effective September 2, 2014. Mr. Legband, who has served as Corporate Controller for Ballantyne Strong since June 2012, will replace Mary A. Carstens, who will be retiring on September 2, 2014. Mr. Legband joined Ballantyne Strong as Corporate Controller in June 2012. Prior to joining Ballantyne Strong, Mr. Legband served in a number of finance department positions for West Corporation from 2008-2012.
Meredian Inc. announced that John A. Dowdy, III has joined their team as the newly appointed Chief Financial Officer. Prior to joining the Meredian team, Dowdy served in various financial and accounting positions at Yandex. During his tenure at Yandex, Dowdy was the Chief Accounting Officer from January 2008 until April 2012 and the Vice President of Finance for its international business from April 2012-2014.
The Doe Fund announced the appointment of Ernest L. Duncan, Jr.to the post of Chief Financial Officer. Mr. Duncan most recently served as Chief Financial and Operating Officer at the Vera Institute of Justice with previous tenures at the Museum of African American History in Detroit and the Smithsonian Institute in Washington, D.C. Mr. Duncan joins The Doe Fund in August 2014.
American Fast Freight, Inc. announced that Debra L. Lorge will join the Company as a Vice President, Chief Financial Officer and Treasurer. Ms. Lorge worked for a numbers of years for Ernst & Young Seattle, King Broadcasting Company and as the CFO for National Mobile Television.
Zions Bancorporation (NASDAQ: ZION) today announced that Edward F. Murphy has been elected to its board of directors. Mr. Murphy served as Chief Financial Officer of the Federal Reserve Bank of New York and Executive Vice President of its Corporate Group from 2005 through 2013. He had previously served as Executive Vice President and CFO of the retail division of JPMorgan Chase & Co. from 2002 through 2004, and in several positions with JPMorgan & Co. from 1983 through 2002, including as Chief Operating Officer of its Asia Pacific Region, and five years as the firm’s Global Audit Director.
Say Media announced Dianne Dubois has joined as Chief Financial Officer. Dubois has been a consulting CFO for the past 4 years, working with a variety of emerging and medium-size growth businesses in the technology, media, cleantech and biotech sectors. She has also been the CFO/COO of Olivia, CFO at Looksmart and eTrade North America, and has held senior finance positions at Disney, WellPoint, and PIMCO.
Northern Trust (NASDAQ: NTRS) announced that Michael G. O’Grady, Chief Financial Officer, will become President of Corporate & Institutional Services. S. Biff Bowman, Executive Vice President, Human Resources, will be named Chief Financial Officer.