CFO Moves this week include:
|Armstrong World Industries, Inc.||Tofutti Brands Inc.||GSE Holding, Inc.|
|International Market Centers, L.P.||Approach Resources Inc.||Aricent|
|Workmen’s Auto Insurance Company||Voxware||Waddell & Reed Financial, Inc.|
|A.P. Pharma, Inc.||Ariosa Diagnostics, Inc.||PolyOne Corporation|
|ACE Cash Express, Inc.||Trimble||Stellar Biotechnologies, Inc.|
|Xirrus||TransMedics, Inc.||Mettler-Toledo International Inc.|
|LHC Group, Inc.||Core Molding Technologies, Inc.||TPG Specialty Lending, Inc.|
|Five Prime Therapeutics, Inc.||Wynn Resorts, Limited||Exa Corporation|
|Ambient Corporation||II-VI Incorporated||Infor|
|CodeSmart Holdings, Inc.||First Busey Corporation||DTE Energy|
|VIVUS, Inc.||Responsys, Inc.||MasTec, Inc.|
|Fifth Third Bancorp||QEP Midstream Partners GP, LLC||LMI Aerospace, Inc.|
|Black Diamond, Inc.||Remark Media, Inc.||Marrone Bio Innovations, Inc.|
|BBCN Bancorp, Inc.||AirSage||McCloud Services|
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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 email@example.com or by phone at +1 (415) 738-2070.
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Amtrak named Gerald Sokol, Jr., as the company’s new Chief Financial Officer (CFO), effective Dec. 3. Since mid-2011, Sokol served as President and CEO of Vertis Corporation, and he was Vertis’ Chief Financial Officer during 2010. His prior work experience encompassed several leadership roles at AOL including: Executive Vice President AOL Access Finance, Operations and Strategy (2004-2009); Executive Vice President, AOL International Finance and Operations (2002-2004); and Senior Vice President AOL International Finance and Operations (1999-2002). He also spent three years (1997-1999) at NTN Communications, Inc., as CFO, then as President and CEO as well as Acting Chairman of the Board. He also spent several years at Tele-Communications, Inc. (1987-1996), in various positions including his final position as Vice President, Finance and Treasurer.
International Business Machines Corp. (NYSE: IBM) announced that Mark Loughridge, Senior Vice President and Chief Financial Officer, Finance and Enterprise Transformation, will retire at the end of 2013. Loughridge joined IBM in 1977 as a development engineer, and has held various management positions in finance, strategic planning, and engineering. Loughridge was named IBM’s CFO in 2004, and has the longest tenure of any IBM CFO in its 102-year history. Martin J. Schroeter will succeed Loughridge, effective January 1, 2014. Schroeter is currently General Manager, IBM Global Financing, and served as IBM Treasurer from 2007 to 2011. He previously held a number of business and financial leadership positions including several roles in Asia Pacific.
Humana Inc. (NYSE: HUM) announced that Steven E. McCulley, currently Vice President, Controller and Principal Accounting Officer, has been elected by the company’s Board of Directors as Interim Chief Financial Officer effective January 1, 2014. As previously announced, James H. Bloem, currently Senior Vice President, Chief Financial Officer and Treasurer will retire from that position December 31, 2013. Effective with this transition, McCulley will assume all the responsibilities currently held by Bloem until a Chief Financial Officer has been elected. Bloem was also elected as Advisor to the Office of Chief Financial Officer effective January 1, 2014.
Armstrong World Industries, Inc. (NYSE: AWI) announced that Thomas Mangas has been appointed Chief Executive Officer upon the retirement of the current CEO, Frank Ready. Mr. Mangas has served as chief financial officer of Armstrong since February 2010, leading Finance as well as Information Technology, Global Business Services and Process Improvement. David Schulz succeeds Mr. Mangas as CFO. Mr. Schulz most recently served as vice president, Finance of Armstrong Building Products. He joined Armstrong in June 2011 after spending 14 years with Procter & Gamble and the J.M. Smucker Company in a wide range of finance leadership positions.
Toffuti Brands Inc. (NYSE: TOF) elected Joseph N. Himy to serve as a member of the Board of Directors until the next annual meeting of shareholders and was appointed to the Audit Committee. Mr. Himy has been Managing Director of The CFO Squad, a financial and business advisory firm providing outsourced CFO advisory and regulatory consulting services primarily for public companies, since August 2011. From May 2008 until August 2011, Mr. Himy was Chief Financial Officer of Vyteris, Inc.. Prior to May 2008 and from October 2004, Mr. Himy held various other positions at Vyteris, including Corporate Controller and VP of Finance.
GSE Holding, Inc. (NYSE: GSE) announced that Daniel Storey has been appointed Senior Vice President and Chief Financial Officer for GSE. Mr. Storey had served as Vice President, Chief Accounting Officer and Corporate Controller of GSE since May of this year. Prior to joining GSE, Mr. Storey served in numerous senior management positions within Hewlett Packard’s global accounting network. Mr. Storey will replace Michael Kirksey who has accepted a new position with another company and will resign from GSE.
International Market Centers, L.P. announced that William F. Lacey has joined the company as chief financial officer (CFO). Most recently, Lacey was an executive vice president/CFO for GSE. Prior to that, he held the position of senior vice president/CFO for Animal Health. He also held senior financial positions with Rawlings, a sporting goods manufacturing and distribution company. Lacey assumes the role of CFO at IMC, formerly held by Kathy Venezia, who has been with International Market Centers since the company’s inception in May 2011. Venezia will stay with IMC through the end of the year to assist with Lacey’s transition.
Approach Resources Inc. (NASDAQ: AREX) announced that Sergei Krylov, Managing Director at J.P. Morgan Securities LLC, has been named to the position of Executive Vice President and Chief Financial Officer. Mr. Krylov will assume the position from Steven P. Smart, who has been with the Company since its inception in 2002, and Chief Financial Officer since 2007. Mr. Smart announced his intention to retire from the Company effective December 31, 2013. Mr. Krylov, 36, brings over 13 years of oil and gas industry finance experience from J.P. Morgan’s Energy Investment Banking group. Mr. Krylov’s employment with the Company will begin upon his satisfaction of certain conditions of his prior employment, which is expected to be on or before January 2, 2014.
Aricent announced the appointment of Ilya Cantor as its new Executive Vice President and Chief Financial Officer. Cantor will join the company on November 15th. Cantor replaces former CFO Mick Lopez, who will leave the company after helping with the transition. Cantor’s most recent position was at EPAM Systems, Inc., where he was CFO, a role he held since 2006. Prior to EPAM, Cantor spent seven years in a variety of financial and operational positions at Dow Jones, starting as the Group Finance Director of WSJ International (1999 to 2003) before becoming CFO of the Wall Street Journal (2003 to 2006). In his final position at Dow Jones, he served as Executive Director of Operations of the Wall Street Journal. Before joining Dow Jones in 1999, Cantor was the CFO of Independent Media (now Independent Media – Sanoma), a leading publishing house based in Moscow, Russia, and also worked as an Audit Manager with Coopers & Lybrand (now PriceWaterhouseCoopers) in Moscow.
Workmen’s Auto Insurance Company named Denise M. Tyson to be its President. Ms. Tyson joined Workmen’s in 2004 as Executive Vice President and CFO. Ms. Tyson spent the first 13 years of her insurance career in Public Accounting at KPMG and continued at PwC as an auditor and consultant. In 2000, she left Public Accounting and since then has worked in executive level positions for several insurance companies. Ms. Tyson was a Los Angeles Business Journal “CFO of the Year” Nominee in 2013 and 2009.
Voxware announced that Roger Maloch has been appointed to the position of Chief Financial Officer. Prior to Voxware, Roger served as CFO for technology organizations ranging in size from startups to $1.5 billion in revenue. His recent CFO experience includes Aderant Holdings and Fidelity Information Services.
Waddell & Reed Financial, Inc. (NYSE: WDR) announced that Daniel P. Connealy, Senior Vice President and Chief Financial Officer, will retire from the position of Chief Financial Officer upon the filing of the Company’s Annual Report on Form 10-K for the year ended December 31, 2013. Mr. Connealy intends to continue his employment with the company in a non-executive role through June 2014 to assist in the transition of his responsibilities. Mr. Connealy joined the company in 2004. The Board intends to appoint Brent K. Bloss to succeed Mr. Connealy as Chief Financial Officer. Mr. Bloss is currently Senior Vice President-Finance, Treasurer and Principal Accounting Officer and has served in various finance and accounting roles since joining the company in 2002. Prior to joining the company, Mr. Bloss served as Senior Audit Manager with KPMG LLP.
A.P. Pharma, Inc. (OTC: APPA.OB) announced the appointment of Brian Drazba as vice president of finance and chief financial officer. Most recently, he was vice president of finance and chief accounting officer for ISTA Pharmaceuticals Inc. From 1992 to 2006, Mr. Drazba held positions of increasing responsibility within Insight Health Corp. (American Health Services Corp.), including senior vice president and chief accounting officer. Prior to his tenure at Insight Health, Mr. Drazba was employed by Arthur Andersen & Co.
PolyOne Corporation (NYSE: POL) announced that it has hired Bradley C. Richardson as executive vice president and chief financial officer. For the past four years, Mr. Richardson served as executive vice president and CFO of Diebold, Incorporated. Prior to Diebold, he served as executive vice president and CFO of Modine Manufacturing Company. Mr. Richardson began his career at Amoco Corporation, where he ascended in roles of increasing responsibility over a 21-year period, including leadership assignments throughout North America, as well as in Caracas, Venezuela and London, U.K. Mr. Richardson currently serves on the Board of Directors for Brady Corporation and is chair of the audit committee. Mr. Richardson succeeds Richard J. Diemer, Jr., who is leaving the company to pursue other opportunities.
ACE Cash Express, Inc. announced that Susan S. Pressler has been promoted to the role of Executive Vice President and Chief Financial Officer. Ms. Pressler joined ACE in 1996 and, during her tenure, has served in various finance roles including Controller and, most recently, Vice President of Financial Reporting and Internal Audit.
Trimble (NASDAQ: TRMB) announced the appointment of Francois Delepine as its chief financial officer. Delepine joins Trimble from VMware where he is chief financial officer, global business units. Prior to his current role at VMware he served as vice president of finance. Before joining VMware he held senior operating and financial roles at a variety of technology companies including Palm, Google, Hyperion and Apple. Julie Shepard is stepping down from her role as interim CFO. Shepard will return to her role as vice president of finance and chief accounting officer upon Delepine’s start date in early January.
Stellar Biotechnologies, Inc. (OTC: SBOTF) announced the appointment of Kathi Niffenegger as Chief Financial Officer. Ms. Niffenegger began working with Stellar in 1999, as outside CPA. She became Controller for Stellar Biotechnologies in 2012 and assumed the role of Corporate Secretary earlier this year. Ms. Niffenegger was previously technical partner in the audit division of Glenn Burdette CPAs, obtained CFO experience at Martin Aviation and began her career at Peat, Marwick, Mitchell & Co. (now KPMG LLP).
Xirrus announced the appointment of George Frie as chief revenue officer (CRO). Frie was most recently chief financial officer at Aerohive Networks. Frie previously held leadership positions NetScreen Technologies. Following a successful IPO, NetScreen Technologies was acquired by Juniper Networks. He later served as chief financial officer and vice president, Asia-Pacific, at Solid Information Technologies which was acquired by IBM.
TransMedics, Inc. announced that Jeffrey E. Young was appointed to the position of Chief Financial Officer and Treasurer. From 2008 to 2013, Mr. Young served in a number of senior executive roles at Lantheus Medical Imaging, including Chief Financial Officer from 2012 to 2013. Prior to his time with Lantheus, Mr. Young spent three years at Critical Therapeutics, Inc., where he was Chief Accounting Officer. Prior to 2005, he served in a number of roles at PerkinElmer, Inc. Mr. Young’s prior positions included roles within the Capital Markets Group and Transaction Services Group of PricewaterhouseCoopers from 1996 to 2002.
Mettler-Toledo International Inc. (NYSE: MTD) announced that effective January 3, 2014, William Donnelly will be promoted from Chief Financial Officer to the position of Executive Vice President. Shawn Vadala will be promoted from Group Controller and Global Head of Finance & Control to the position of Chief Financial Officer. Mr. Donnelly will serve as the company’s principal financial officer, and Mr. Vadala will serve as the company’s principal accounting officer. Messrs. Donnelly and Vadala both joined the company in 1997, with Mr. Donnelly joining as Chief Financial Officer and Mr. Vadala assuming the role of Group Controller in 1998.
LHC Group, Inc. (NASDAQ: LHCG) announced that Peter J. Roman notified the company of his decision to retire as Executive Vice President, Chief Financial Officer and Treasurer of the Company, effective end of the business day on December 31, 2013. The company appointed Jeffrey M. Kreger as Executive Vice President, Chief Financial Officer and Treasurer of the Company, effective January 1, 2014 upon the retirement of Mr. Roman. Mr. Kreger has served as the Company’s Senior Vice President of Finance since February 2013 and was previously Senior Vice President and Corporate Controller for Sun Healthcare Group, Inc. where he was employed from 2006 until joining LHC Group.
Core Molding Technologies, Inc. (NYSE: CMT) announced that John P. Zimmer has been appointed Vice President, Treasurer, Secretary and Chief Financial Officer. Prior to joining Core, Mr. Zimmer was Chief Financial Officer of Parex Group USA, Inc. a division of Parex Group. Zimmer also previously served as Chief Financial Officer of The Upper Deck Company, LLC, Vice President Finance for Cardinal Health Pyxis Products, and held senior management roles with SubmitOrder, Inc., Cardinal Health and Deloitte & Touche.
TPG Specialty Lending, Inc. announced the appointment of Alan Kirshenbaum as Chief Financial Officer, replacing John E. Viola. Prior to being named Chief Financial Officer, Mr. Kirshenbaum was a Vice President of the Company since 2011. From 2011 to 2013, Mr. Kirshenbaum was Chief Financial Officer and Executive Director of TPG Special Situations Partners (“TSSP”). From 2007 to 2011, Mr. Kirshenbaum was the Chief Financial Officer of Natsource, a private investment firm. Mr. Kirshenbaum was a Managing Director, Chief Operating Officer and Chief Financial Officer of MainStay Investments from 2006 to 2007. Mr. Kirshenbaum joined Bear Stearns Asset Management (“BSAM”) in 1999 and was BSAM’s Chief Financial Officer from 2003 to 2006.
Wynn Resorts, Limited (NASDAQ: WYNN) announced that Matt Maddox, the Company’s Chief Financial Officer and Treasurer, will assume the additional duties of President of Wynn Resorts. Mr. Maddox joined the Company in 2002 and previously served as Chief Financial Officer of Wynn Resorts, Macau, as well as Senior Vice President of Business Development. Mr. Maddox also serves as an officer on several of the Company’s subsidiaries.
Exa Corporation (NASDAQ: EXA) announced that Edmond L. Furlong, Chief Operating Officer and Chief Financial Officer, intends to resign his employment effective as of March 31, 2014. Stephen P. Sarno, our Vice President Finance and Chief Accounting Officer, has been appointed to serve as Acting Chief Financial Officer upon the effectiveness of Mr. Furlong’s resignation.
Ambient Corporation (NASDAQ: AMBT) announced the resignation of Stacey Fitzgerald as Chief Financial Officer. John J. Joyce, the Company’s Chief Executive Officer, will assume the duties of principal financial and accounting officer on an interim basis while the Company initiates the search for a successor Chief Financial Officer.
II-VI Incorporated (NASDAQ: IIVI) announced that Craig A. Creaturo, chief financial officer, has tendered his resignation in order to pursue other interests. Mr. Creaturo will remain in his current capacity until a successor is appointed, and he will continue to assist the Company as an employee through February 28, 2014. After this date, Mr. Creaturo will serve as an advisor to the Company for an additional six months to ensure a smooth transition. The Company has initiated a formal search for a new chief financial officer.
Infor announced it has named Nicole Anasenes as chief financial officer. Anasenes most recently served as VP and chief financial officer of IBM’s Software Middleware Group business unit. She also served as VP and chief financial officer of IBM’s Cloud business unit, and as director of Emerging Markets for IBM’s Global Technology Services organization.
CodeSmart Holdings, Inc. (OTC: ITEN) appointed Diego E. Roca as its interim Chief Financial Officer. From 1995 until 2004, he worked with Digitec 2000, Inc., where he began his career as Digitec’s Controller. He was promoted to Chief Operating Officer and finally Senior Vice President and Chief Financial Officer. From 2004 to 2006, Mr. Roca served as a consultant to various companies, including Digitec and Dominion Minerals Corp. From 2007 to 2012 he held the office of Executive Vice President and Chief Financial Officer for Dominion Minerals Corp.
First Busey Corporation (NASDAQ: BUSE) and Busey Bank announced that Robin N. Elliott will be appointed the Chief Financial Officer of First Busey Corporation and Busey Bank, effective January 1, 2014. Mr. Elliott will continue in his current role as Director of the Business Banking Group of Busey Bank until his appointment as Chief Financial Officer. Additionally, Susan K. Miller will be named Deputy Chief Financial Officer of First Busey Corporation and Busey Bank, effective January 1, 2014. David B. White, will continue to serve as Chief Financial Officer through December 31, 2013, and will remain as an employee of the organization through his retirement on July 1, 2014, to facilitate a successful transition. Mr. Elliott joined Busey in 2006 and has served as Executive Vice-President and Director of Finance & Treasury at Busey Bank prior to leading its Business Banking Group. Prior to joining Busey Bank, he worked for various national accounting firms, including Ernst & Young. Ms. Miller joined Busey in 2011 as Director of Finance. She has over 25 years of management experience with other financial institutions such as Bank One, SunTrust and Whitney National Bank.
DTE Energy (NYSE: DTE) promoted Dave Meador to the role of Vice Chairman & Chief Administrative Officer from his previous role as Executive Vice President and Chief Financial Officer. Peter Oleksiak was promoted to the role of Senior Vice President and Chief Financial Officer. Oleksiak was previously Senior Vice President – Finance.
VIVUS, Inc. (NASDAQ: VVUS) appointed Svai Sanford, the Company’s Corporate Controller, as interim Chief Financial Officer. Mr. Sanford has served as the Company’s Corporate Controller since July 2012. Prior to his employment with the Company, Mr. Sanford was the Corporate Controller at Glam Media, Inc., from November 2010 to June 2012. He was also the Senior Director, Technical Accounting, Reporting and Compliance, in addition to other roles, at Elan Pharmaceuticals, Inc., from March 2004 to November 2010. Mr., Sanford is replacing outgoing Chief Financial Officer, Timothy E. Morris.
Responsys, Inc. (NASDAQ: MKTG) announced Chris Paul‘s intention to resign as Chief Financial Officer for personal reasons. Mr. Paul plans to continue as Chief Financial Officer of Responsys until a successor is in place.
MasTec, Inc. (NYSE: MTZ) reported that C. Robert Campbell, Executive Vice President and Chief Financial Officer, announced his retirement, which will be effective as of the close of business on December 31, 2013. Mr. Campbell has served as MasTec’s Executive Vice President and Chief Financial Officer since October 2004. George Pita, who currently serves as MasTec’s CFO-Operations, has been appointed o serve as Executive Vice President and Chief Financial Officer of MasTec effective as of January 1, 2014. Mr. Pita joined MasTec in February 2013, as its CFO-Operations. From June 2007 until joining MasTec in 2013, Mr. Pita served as EVP, COO and CFO of Stuart Weitzman Holdings. From April 2002 until June 2007, Mr. Pita served in various capacities at Perry Ellis International, including as Executive Vice President and Chief Financial Officer from 2004-2007. From 1989-2002, Mr. Pita served in a variety of financial and operations positions at Sunglass Hut International. From 2008 to 2010, Mr. Pita served as a special advisor to Atlas Acquisition Holdings Corp., a special purpose acquisition corporation.
Fifth Third Bancorp (NASDAQ: FITB) announced that Daniel T. Poston, the Company’s interim chief financial officer, has been named the Company’s chief strategy and administrative officer. Tayfun Tuzun, previously Fifth Third’s treasurer, has been named executive vice president and chief financial officer. Mr. Tuzun joined Fifth Third Bancorp in 2007 and was named treasurer in 2011.
QEP Midstream Partners, LP (NYSE: QEPM) announced that QEP Midstream Partners GP, LLC, the general partner of QEP Midstream Partners, LP, appointed Donald A. Turkleson directors to serve on the General Partner’s Board of Directors. Mr. Turkleson is Vice President and Chief Financial Officer of Gulf Coast Energy Resources, LLC. He has served in that role since 2012. From 2010 to 2012, he served as Chief Financial Officer of Laurus Energy, Inc. From 1997 to 2009, he was the Senior Vice President and Chief Financial Officer of Cheniere Energy, Inc. and served on the Board of Directors of Cheniere Energy Partners GP, LLC, the general partner of Cheniere Energy Partners, L.P. from 2007 to 2012. Mr. Turkleson currently serves on the Board of Directors of Miller Energy Resources, Inc., where he has served as a director since 2011.
LMI Aerospace, Inc. (NASDAQ: LMIA) announced the appointment of Lawrence E. Dickinson, the Company’s Chief Financial Officer, to fill the position of President-Valent Operations, and the promotion of Clifford C. Stebe, Jr., the Company’s Corporate Controller, to fill the position of Chief Financial Officer.
Black Diamond, Inc. (NASDAQ: BDE) has promoted Aaron Kuehne to chief financial officer. Kuehne, who has served as interim CFO for the past seven months, joined Black Diamond nearly three years ago as the director of financial reporting before being promoted to vice president of finance. Prior to joining Black Diamond, Kuehne served in various capacities with KPMG, most recently as an audit manager.
Remark Media, Inc. (NASDAQ: MARK) announced that Douglas Osrow was appointed Chief Financial Officer of the Company. Most recently, from 2011 until this past month, he was Chief Financial Officer of Paragon Gaming. Prior to this he worked as a Vice President in the investment banking division of Citadel Securities. He began his investment banking career as an Associate at Citigroup Global Markets in the real estate and lodging group.
Marrone Bio Innovations, Inc. (NASDAQ: MBII) announced that its Chief Financial Officer, Don Glidewell, has determined to retire from the Company. To facilitate a smooth transition, Mr. Glidewell has agreed to remain as Chief Financial Officer for up to five months while the Company conducts a search for a successor chief financial officer.
BBCN Bancorp, Inc. (NASDAQ: BBCN), the holding company of BBCN Bank, announced that Daniel Kim will join the Company as Executive Vice President and Chief Planning Officer effective November 25, 2013. Daniel Kim currently serves as Executive Vice President, Chief Financial Officer and Corporate Secretary of Saehan Bancorp, Inc., which recently announced that its shareholders approved the completion of a merger with Wilshire Bancorp, Inc. Kim joined Saehan in September 2003. In addition, Mr. Kim has served as Acting President of Saehan during the interim periods of October 2010 through April 2011 and since November 1, 2013. From May 1997 to August 2003, Mr. Kim served as First Vice President and Manager of the accounting, corporate planning and investment departments of the former Pacific Union Bank. Mr. Kim began his banking career in June 1991 at the former Center Bank, where he last served as Assistant Vice President and Accounting/Investment Officer. Center Bank merged with Nara Bank in November 2011 to become BBCN Bank.
AirSage has appointed Alan Catherall as Chief Financial Officer (CFO). For 10 years—prior to joining AirSage—Catherall served as CFO with Numerex Corp. Before Numerex, Mr. Catherall was CFO of AirGate PCS, Inc. Catherall also held executive positions at MCI, including serving as the chief financial officer of Syncordia Services, a joint venture between MCI and British Telecom.
McCloud Services announced the addition of Richard Burke as chief financial officer. Prior to joining McCloud Services, Burke served as the CFO of Nordic Energy Services, LLC. Burke also served as vice president of finance for Chicago-based Monroe Capital. Additionally, he served as director of finance for Condell Medical Center.