CFO Moves this week include:
|Rite Aid Corporation||Roundy’s, Inc.||Music In Schools Today|
|NJOY||xMatters, inc.||Extended Stay America, Inc.|
|TVGN||eASIC Corporation||Ascena Retail Group, Inc.|
|Athene Holding Ltd.||Invacare Corporation||NEWSCYCLE Solutions|
|AuraSense Therapeutics||Gigamon Inc.||Hunt Consolidated, Inc.|
|Zynex, Inc.||VIA Motors||MuleSoft|
|EZCORP, Inc.||Layne Christensen Company||BSQUARE Corporation|
|Life Time Fitness, Inc.||Ethan Allen Interiors Inc.||Digital First Media|
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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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Rite Aid Corporation (NYSE: RAD) announced that Darren Karst is joining Rite Aid as executive vice president and chief financial officer, effective Aug. 20. Karst succeeds Frank Vitrano, who has announced he will retire in September, 2015. Until then, Vitrano retains the chief administrative officer responsibilities. Karst joins Rite Aid from Roundy’s, Inc. where he has been the executive vice president, chief financial officer and assistant secretary since 2002. Prior to that, Karst was a partner at the Yucaipa Companies, a private equity investment firm. He also held executive financial positions within several Yucaipa portfolio companies, including Chicago-based Dominick’s, where he served as the chief financial officer and a director.
Roundy’s, Inc. (NYSE: RNDY) announced that Darren Karst, Roundy’s Executive Vice President and Chief Financial Officer will be leaving the company to join Rite Aid Corporation as its Executive Vice President and Chief Financial Officer. Karst will remain with Roundy’s through August 9, 2014. Michael Turzenski, currently Roundy’s Group Vice President and Chief Accounting Officer, has been appointed Group Vice President, Chief Financial Officer. Mr. Karst has served as the Company’s Executive Vice President and Chief Financial Officer since June 2002. Mr. Turzenski has served as Group Vice President, Chief Accounting Officer since February 2012. Mr. Turzenski joined Roundy’s in 2007 as Vice President, Controller.
Music In Schools Today (MUST) announced the appointment of Arista Networks chief financial officer Kelyn Brannon as board chair. Brannon is a 20-year veteran in financial services and former CFO of Amazon’s international division. MUST is also proud to announce that their newest board member, Steve DiNardo, vice president of sales and market manager for Entercom Communications in San Francisco, is taking on the role of CFO.
NJOY announced the appointment of John Bax as the company’s chief financial officer (CFO). Mr. Bax was most recently the CFO of LivingSocial. Prior to LivingSocial, he was the CFO of RecycleBank. He also served as Vice President of Planning and Analysis for Wal-Mart Stores and CFO of Walmart.com.
xMatters, inc. announced the appointment of Mark Westover as chief financial officer (CFO). Prior to joining xMatters, Westover served as senior vice president of corporate development and finance at LiveOps. He also served as vice president of corporate development at Sybase, which went on to be acquired by SAP.
Extended Stay America, Inc. (NYSE: STAY) announced that Peter Crage, Chief Financial Officer since 2011, has notified the Company of his intentions to leave for personal reasons as of July 31, 2014. Jonathan Halkyard has been appointed Interim Chief Financial Officer effective August 1, 2014. Mr. Halkyard will continue in his current role as Chief Operating Officer during this interim period. Mr. Halkyard has been with STAY for nearly a year and served as the Chief Financial Officer of both NV Energy and Caesars Entertainment Corporation prior to his arrival.
TVGN, a CBS Corporation (NYSE: CBS.A and CBS) and Lionsgate (NYSE: LGF) partnership, announced thatDebra Wichser has been appointed Chief Financial Officer. Most recently, Wichser served as Vice President, Corporate Development for CBS Corporation in New York. Previously at CBS, Wichser served as Vice President, Investor Relations. Prior to CBS, Wichser was Director, Investor Relations for Viacom. Earlier in her career, she worked as an associate at Morgan Stanley’s Investment Banking division. She also held strategic analyst positions at 20th Century Fox and the Walt Disney Company.
eASIC Corporation announced the appointment of Richard Deranleau as the company’s Chief Financial Officer and Senior Vice President of Finance. Mr. Deranleau was recently SVP, Finance and CFO for a North American operating company of Fujitsu, Ltd. and was previously CFO of Brocade Communications Systems, Inc. Mr. Deranleau was also Vice President of Finance at Polycom, Inc.
Ascena Retail Group, Inc. (NASDAQ: ASNA) announced that Dirk Montgomery, Executive Vice President and Chief Financial Officer since January of 2013, has accepted a position with a healthcare-related company based in Florida. Mr. Montgomery has agreed to remain through the end of the summer. Randy Pearce, a member of Ascena’s Board of Directors, Chair of the Audit Committee, and former Chief Financial Officer of Regis Corporation from 1998 to 2011, will increase his involvement in the stewardship of the Company’s finance department during the transition.
Athene Holding Ltd.announced it has promoted Brenda Cushing to Chief Financial Officer of Athene. Ms. Cushing assumes the role held by David Johnson, who is stepping down as CFO of Athene to accept a position as CFO of a public company located closer to his home and family in Washington D.C. Ms. Cushing currently serves as CFO of Athene USA, a role she has held since Athene’s acquisition of Aviva USA in 2013. Ms. Cushing served as CFO of Aviva USA prior to its acquisition by Athene and also held senior finance roles within AmerUs, a publicly traded company which was acquired by Aviva PLC in 2006. Mr. Johnson will continue his service as CFO of Athene until August 20, 2014, when Ms. Cushing will assume his responsibilities.
Invacare Corporation (NYSE: IVC) announced that Robert K. Gudbranson, Invacare’s Senior Vice President and Chief Financial Officer, has been named interim President and Chief Executive Officer, while retaining his role as the Company’s Chief Financial Officer. Mr. Gudbranson has served as Invacare’s Senior Vice President and Chief Financial Officer since 2008. Prior to that, Mr. Gudbranson was Vice President of Strategic Planning and Acquisitions for Lincoln Electric Holdings, Inc. Prior to joining Lincoln Electric, he held various financial roles of increasing responsibility for Invacare including: Director, Business Development and Investor Relations; Assistant Treasurer; and European Finance Director.
NEWSCYCLE Solutions announced the appointment of Lynn Danko as its new chief financial officer. Danko joins the NEWSCYCLE executive team from Ecolab, Inc. where she served as vice president of finance for technology. She held the role of CFO at Amcom Software, and spent over seven years with Lawson Software. Danko served in various finance leadership roles at Lawson, including international controller in Stockholm, Sweden and leading global strategic planning in St. Paul, MN.
AuraSense Therapeutics announced that David Snyder has joined AuraSense Therapeutics’ executive leadership team as chief financial officer. Prior to joining AuraSense Therapeutics, Mr. Snyder was Executive Vice President and Chief Financial Officer of Cellular Dynamics International Inc. He previously served as senior vice president of finance, site vice president and chief financial officer of Roche NimbleGen from 2007 to 2008. From 2006 to 2007, he served as vice president and chief financial officer of NimbleGen Systems, Inc. Prior to NimbleGen, Mr. Snyder held various leadership positions in software, real estate, and diversified manufacturing industries. He has served as a director of Invenra, Inc. since 2012. He has also served on the Board of Trustees of Ottawa University since 2012.
Gigamon Inc. (NYSE: GIMO) announced the appointment of Mike Burns as chief financial officer. Before joining Gigamon, Burns served as chief financial officer of Volterra Semiconductor. Prior to Volterra, Burns spent fifteen years at Intel Corporation where he held several senior financial positions.
Hunt Consolidated, Inc. announced the addition of Brant Meleski as the new Chief Financial Officer of Hunt Utility Services. Mr. Meleski will also serve as the Chief Financial Officer of InfraREIT, LLC. Brant Meleski comes to Hunt Utility Services from Bank of America Merrill Lynch (BAML), where he served as Managing Director of Energy and Power Investment Banking. Brant has extensive experience working with Hunt and its affiliates on its power and infrastructure growth ambitions. Meleski will be succeeding Greg Wilks, who will now serve as CFO of Sharyland Utilities, L.P. Meleski will join in early September.
Zynex, Inc. (OTC: ZYXI) announced the appointment of Brian Alleman as its new chief financial officer. Mr. Alleman most recently served as managing director at Alleman & Associates. Anthony Scalese, serving CFO of Zynex, has resigned to pursue other opportunities.
VIA Motors announced that it has appointed Wayne Oliver, Jr. as Chief Financial Officer. Prior to this appointment, Oliver served as former CFO & VP Administration of Minth Americas. Prior to Minth, Mr. Oliver was CFO & VP Business Systems at Meridian Lightweight Technologies, Inc. Mr. Oliver also served as VP Operations Finance for Meridian Automotive Systems, Inc.
MuleSoft announced that it has appointed Steve Collins to its board of directors. Steve comes to MuleSoft from his previous role as CFO of ExactTarget. Prior to ExactTarget, he served as senior vice president and CFO of NAVTEQ Corporation. He has also held financial leadership positions at The Walt Disney Company, co-founded a technology-focused venture capital firm, and is an acting board member for several leading technology-focused startups.
EZCORP, Inc. (NASDAQ: EZPW) announced that Mark Kuchenrither, Chief Financial Officer of EZCORP, has been appointed interim Chief Executive Officer and President Mr. Kuchenrither will remain Chief Financial Officer. Mr. Kuchenrither joined EZCORP as Senior Vice President, Strategic Development in March 2010. In May 2012, Mark was promoted to Executive Vice President and in October of the same year, he assumed the additional role of Chief Financial Officer. He recently assumed operational responsibility for EZCORP’s Financial Services business. Prior to joining EZCORP, Mark served as Vice President of Operations for private equity firm Sun Capital Partners where he was responsible for overseeing 10 portfolio companies with an emphasis on profit improvement. Mark has also held executive leadership positions at Arch Aluminum & Glass Co. and Peavey Electronics Corporation.
Layne Christensen Company (NASDAQ: LAYN) announced that Andrew Atchison has been named Interim Chief Financial Officer, effective August 1, 2014. Mr. Atchison will succeed James R. Easter, who resigned from Layne effective August 1, 2014 to pursue other interests. Mr. Atchison returns to Layne after having served as Controller from 1997 to June 2012, and assisting with various accounting functions during the Company’s relocation to The Woodlands until July 2013. Since that time, Mr. Atchison has provided financial and accounting consulting services to other companies. Prior to joining Layne, Mr. Atchison had a 12-year career at Deloitte and Touche.
BSQUARE Corporation (NASDAQ: BSQR) announced that Scott C. Mahan, Senior Vice President, Operations and Chief Financial Officer, has tendered his resignation, effective August 15, 2014, in order to accept a position with another company.
Life Time Fitness, Inc. appointed Eric J. Buss to serve as Executive Vice President and Chief Financial Officer. Mr. Buss was previously appointed Executive Vice President and Interim Chief Financial Officer, effective March 2, 2014.
Ethan Allen Interiors Inc. announced that Corey Whitely, currently Executive Vice President, Administration, Treasurer and interim Chief Financial Officer, has been appointed Chief Financial Officer. Corey Whitely joined the Company in 1988 and has previously served as Executive Vice President, Operations since October 2007 and Executive Vice President of our subsidiary, Ethan Allen Operations, Inc., since 2005.
Digital First Media announced Barbara Bennett, Chief Financial Officer of Digital First Media, is leaving the company at the end of the month. SVP and Chief Accounting Officer, Michael Koren, who has been with the Company and MediaNews Group since 2001, has been appointed Chief Financial Officer. Prior to being appointed SVP & CAO of the company, Michael Koren was VP and Controller since joining the company. Prior to MediaNews Group, Michael spent the first 11 years of his career with the CPA firm Ernst & Young.
Infogroup announced John Hofmann was named to its executive leadership team as Chief Financial Officer. Hofmann comes to Infogroup from Silver Lake Sumeru. Prior to joining Silver Lake, Hofmann was Vice President at GTCR Golder Rauner. Previously, Hofmann was at McKinsey & Company. He also served on the boards of Syniverse Technologies, Medseek and National Processing Company.