CFO Moves this week include:
|Accuray Incorporated||Jet Support Services, Inc. (JSSI)||CrowdStrike Inc.|
|PetSmart, Inc.||Tapjoy||Carr Properties|
|Four Oaks Fincorp, Inc.||Coherent, Inc.||Porter Bancorp, Inc.|
|Ingleside||Colony American Finance||Apollo Medical Holdings, Inc.|
|NeighborFavor, Inc.||Strategic Financial Solutions||Erie Indemnity Company|
|Churchill Downs Incorporated||PSEG||Apollo Residential Mortgage, Inc.|
|Duke Energy||The Advanced Group||Infinity Property and Casualty Corporation|
|Acutus Medical, Inc.||HEXXU||New Residential Investment Corp.|
|MicroTech||Allegro Commodity Management||Dataminr|
|Scottsdale Insurance Company||Dorman Products, Inc.||Fairmount Santrol|
|TAS Environmental||iCracked||Alteva, Inc.|
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CFO Moves is published by Samuel Dergel (Executive Search Consultant and CFO & Financial Executive Search Specialist with Stanton Chase). Samuel can be reached by email at email@example.com or by phone at +1 (415) 738-2070.
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Accuray Incorporated (NASDAQ: ARAY) [SUNNYVALE, Calif.] announced that Kevin Waters, formerly Senior Vice President, Finance, has been promoted to Chief Financial Officer of the Company. He succeeds Gregory E. Lichtwardt who retired as Executive Vice President, Operations, and Chief Financial Officer of the Company. Mr. Waters joined Accuray as its Senior Vice President, Finance, in October, 2013. Prior to joining Accuray, Mr. Waters was employed by Conceptus Inc., as its Corporate Controller from October, 2006 until January, 2008, and most recently as its Vice President, Finance, from January, 2008, until October, 2013. Mr. Waters began his career at PricewaterhouseCoopers, LLP.
Jet Support Services, Inc. (JSSI) [CHICAGO] announced that Ken Goodman has joined the company as its new Chief Financial Officer. Mr. Goodman’s financial career began as a Financial Analyst at American Airlines, where he spent more than 6 years in a variety of roles. Subsequently, Mr. Goodman spent 8 years with L Brands. In 2008, Mr. Goodman joined NetJets, a subsidiary of Berkshire Hathaway as Senior Vice President Financial Planning and Analysis.
CrowdStrike Inc. [Irvine, CA] announced that Burt Podbere has been appointed as CrowdStrike’s new Chief Financial Officer (CFO). Prior to joining CrowdStrike, he served as CFO of OpenDNS, which ultimately led to the acquisition by Cisco Systems, Inc. (NASDAQ: CSCO) earlier this year. In 2013, he played a key role in selling Net Optics to Ixia, and in 2011 Podbere helped lead Epocrates through a successful IPO. Podbere is replacing CrowdStrike’s Co-founder and CFO Gregg Marston, who is retiring.
PetSmart, Inc. [PHOENIX] named Rob Anderson to the position of senior vice president and chief financial officer effective October 5, 2015. Anderson most recently served as the chief financial officer for Save-A-Lot. Before joining Save-A-Lot, Mr. Anderson served as the principal accounting officer, controller and executive director of finance for Chipotle Mexican Grill, for five years. From 2003 to 2005, he worked at the Career Education Corporation as the vice president and chief financial officer, American InterContinental University Division. From 1991 to 2003, Mr. Anderson held several leadership positions with the McDonald’s Corporation including senior director/controller, partner brands; director, finance Asia/Pacific/Middle East/Africa division; and director, finance, purchasing and IT for Dubai, UAE and Vienna, Austria.
Tapjoy announced that Matthew Service has been promoted to the dual role of Chief Operating Officer and Chief Financial Officer. Previously he served as Tapjoy’s CFO. Service previously held Chief Operating Officer and Chief Financial Officer titles at blinkx plc.
Carr Properties [WASHINGTON, D.C.] announced that John Schissel will join the Company as Chief Financial Officer and President. John previously served as CFO at Carr Properties from 2004 to 2009. After leaving Carr Properties, Mr. Schissel served as the CFO of BRE Properties, and most recently as CFO of Invitation Homes. Prior to his initial tenure at Carr Properties, John worked at Wachovia Securities. Mr. Schissel is currently transitioning his duties at Invitation Homes and is expected to join Carr Properties during the fourth quarter.
Four Oaks Fincorp, Inc. (OTC: FOFN) [FOUR OAKS, N.C.], the holding company for Four Oaks Bank & Trust Company (the “Bank”), announced that Deanna W. Hart has been appointed Executive Vice President and Chief Financial Officer of the Company and the Bank, effective October 1, 2015. Ms. Hart has been serving as the Bank’s Senior Vice President and Controller since January 2014 and acting Chief Financial Officer of the Company and the Bank since September 1, 2015.
Coherent, Inc. (NASDAQ: COHR) [SANTA CLARA, Calif.] announced that Helene Simonet, its Executive Vice President and Chief Financial Officer (“CFO”), has informed the company of her intent to retire effective on February 1, 2016.
Porter Bancorp, Inc. (NASDAQ: PBIB) [LOUISVILLE, Ky.], parent company of PBI Bank, Inc. announced the appointment of James M. Parsons as a board member of Porter Bancorp and PBI Bank. Mr. Parsons is CFO of Ball Homes, LLC. He previously served as President and CEO of ONB Insurance Group and has held various board positions for a variety of companies and charitable organizations, including serving as an advisory board member for two community banks.
Ingleside [WASHINGTON, D.C.] named Timothy L. Myers as its new chief financial officer (CFO). Myers comes to Ingleside after having served eight years as CFO for the Philadelphia-based Kendal Corporation. Prior to Kendal, he spent nearly 10 years as CFO, chief operating officer, and partner for New Life Management and Development of Mount Laurel, N.J. Earlier in his career, he worked a year as director of special projects with Marriott Senior Living Services, and 10 years as a senior manager for KPMG.
Colony American Finance [LOS ANGELES] announced that Christopher Hoeffel has joined the company as Chief Financial Officer. Mr. Hoeffel was most recently a Managing Director at Investcorp, where he was head of Real Estate Debt Investments. He also served as Head of Investment Operations and Investor Relations for Real Estate and Corporate Investments in the US and Europe. He joined Investcorp from JP Morgan / Bear Stearns & Co., where he was a senior managing director and global co-head of Commercial Mortgages and founder of a leading Wall Street lending operation. He is a former president of the Commercial Mortgage Securities Association (now CREFC) and remains on its Board of Governors.
Apollo Medical Holdings, Inc. [GLENDALE, Calif.] announced the resignation of Mitch Creem as Chief Financial Officer and a director. Mitch Creem has been named the CEO of Integrity Healthcare, an entity created by New York-based investment firm BlueMountain Capital Management to manage and operate the Daughters of Charity Health System (“DOCHS”). William Abbott, ApolloMed’s current Controller and Vice President of Finance, has been named Interim Chief Financial Officer.
NeighborFavor, Inc. [AUSTIN, Texas] announced the appointment of Steven Pho as Chief Financial Officer. Pho was most recently the Senior Vice President of Corporate and Business Development at RetailMeNot, Inc. Prior to RetailMeNot, he served as Vice President of Internet and new media investment banking at Thomas Weisel Partners (now Stifel Nicolaus Weisel) in San Francisco. Previously, he was a member of the technology investment banking group at Houlihan Lokey Howard & Zukin.
Strategic Financial Solutions [NEW YORK] named Salvatore Tirabassi as Chief Financial Officer. Tirabassi spent 15 years as a growth equity investor with M/C Partners and Dolphin Equity Partners. Prior to his private equity career, Salvatore was a strategic marketing consultant at FutureBrand, which was acquired by Interpublic Group.
Erie Indemnity Company (NASDAQ: ERIE) [ERIE, Pa.] announced that Marcia A. Dall, executive vice president and chief financial officer, will depart ERIE on October 9, 2015. Dall has accepted the position of Executive Vice President and Chief Financial Officer (CFO) for Churchill Downs Incorporated. Greg Gutting, ERIE’s current senior vice president, controller, will serve as interim CFO.
Churchill Downs Incorporated (NASDAQ: CHDN) [LOUISVILLE, Ky.] announced the appointment of Marcia A. Dall to serve as the Company’s Executive Vice President & Chief Financial Officer (“CFO”). Dall succeeds Bill Mudd as CFO. Mudd has served as CFO since October 2007 and was promoted to President & CFO of CDI in August 2014. Mudd will remain President of CDI and will add the title of Chief Operating Officer. Dall joins CDI from Erie Indemnity Company (NASDAQ: ERIE), where she served as Executive Vice President and Chief Financial Officer for six years. Prior to joining ERIE in 2009, Dall served as Chief Financial Officer for the Healthcare division at Cigna Corp. Prior to Cigna, she was a corporate officer and the Chief Financial Officer for the International and U.S. Mortgage Insurance Segments of Genworth, a former subsidiary of General Electric. Dall began her career in 1985 in the Financial Management Program at General Electric and held various leadership roles both in finance and operations over her twenty plus tenure with GE.
PSEG [NEWARK, N.J.] announced that Daniel J. Cregg, currently vice-president of finance for PSE&G, was elected by the Board of Directors to be Executive Vice President and Chief Financial Officer for the company effective October 8. He succeeds current CFO, Caroline Dorsa whose previously announced retirement will be effective at that time. Cregg has held the senior financial position at both PSE&G, New Jersey’s largest gas and electric utility, and PSEG Power, a major independent power producer. Cregg joined PSEG in 1991 and has held a variety of financial positions. In 2006, he was named vice president – finance for PSEG Power with critical responsibilities in Power’s development and strategic planning activities. He was named vice president – finance for PSE&G in 2013. Prior to joining PSEG, Cregg spent five years with the accounting and consulting firm of Deloitte and Touche.
Apollo Residential Mortgage, Inc. (“AMTG”) (NYSE: AMTG) [NEW YORK] announced Teresa D. Covello, Chief Financial Officer, Secretary and Treasurer of AMTG, has resigned from the Company to pursue other interests. Ms. Covello will remain in her positions until March 15, 2016.
Duke Energy [CHARLOTTE, N.C.] announced the appointment of former Comcast Corp. vice chairman and chief financial officer Michael Angelakis as a new board member, effective Oct. 1, 2015. Angelakis currently is a senior advisor to Comcast’s executive management committee and deputy chairman of the board for the Federal Reserve Bank of Philadelphia. He also serves as a Babson College trustee. He soon will be chairman and chief executive officer of a new strategic company he’s forming, in partnership with Comcast, that will focus on investing in and operating growth-oriented companies, domestically and internationally. Angelakis served as Comcast’s vice chairman and CFO from 2007 to July 2015. On Duke Energy’s board, he will serve on the finance and risk management committee and the audit committee.
The Advanced Group [CHICAGO, IL] named Jim Johnson Chief Operating Officer (COO),. He will also continue to serve as CFO. Johnson is a 13-year veteran of the Advanced Group and since 2002 he has served as Chief Financial Officer (CFO). Johnson began his career with Arthur Andersen in 1989. Jim ended his time at Andersen as a Senior Manager in their Enterprise Group before he went to Starbelly.com, which was subsequently acquired by HALO Branded Solutions.
Infinity Property and Casualty Corporation (NASDAQ: IPCC) [BIRMINGHAM, Ala.] announced the appointment of Robert H. Bateman as its new Executive Vice President and Chief Financial Officer effective October 19, 2015. Mr. Bateman replaces Roger Smith who retired August 31, 2015. Mr. Bateman joins Infinity after serving the previous two years as Executive Vice President and Chief Financial Officer of COUNTRY Financial. Prior to his current role with COUNTRY, Mr. Bateman served with Hartford Financial Services in various roles, including SVP & Corporate Controller, and with KPMG as Senior Manager, Audit & Advisory Services.
Acutus Medical, Inc. [SAN DIEGO] announced the appointment of John Dahldorf as Chief Financial Officer. Mr. Dahldorf joins Acutus Medical from Volcano Corporation (formerly Volcano Therapeutics Inc.), where he held positions as the Chief Finance Officer, Principal Accounting Officer, General Manager and Secretary since 2003. Mr. Dahldorf also served in executive roles at Digirad Corporation, Arrow Electronics, Inc., and Baxter Healthcare.
New Residential Investment Corp. (NYSE: NRZ) [NEW YORK] announced the appointment of Nicola Santoro, Jr. as the Company’s new Chief Financial Officer. Mr. Santoro joins New Residential from FXCM Inc., where he was the Chief Accounting Officer. Prior to his role at FXCM Inc., he was the Chief Financial Officer of Financial Guaranty Insurance Company. Mr. Santoro succeeds Jonathan Brown, who has served as New Residential’s Interim Chief Financial Officer since October 2014. Mr. Brown will remain at New Residential and continue his role as Chief Accounting Officer.
MicroTech [VIENNA, Va.] announced that it has hired David A. Hinson as their Chief Financial Officer and Chief of Mergers & Acquisitions. Mr. Hinson will also head the new MicroTech Financial Services Division. Prior to joining MicroTech, David was an Obama Administration Appointee and served as the National Director of the Department of Commerce Minority Business Development Agency (MBDA). In addition, David was selected to service on the White House Business Council and President’s Interagency Taskforce on Small Business Contracting, among others. Prior to government, Mr. Hinson held various senior level management positions at Wealth Management Network, Envestnet Asset Management, Bank of America and Morgan Stanley.
Allegro Commodity Management [DALLAS] announced that it has named Jon McCabe as Chief Financial Officer. McCabe comes to Allegro from SafeNet. He has also held successful finance and business roles at McAfee, Genuity and Verizon/GTE.
Dataminr [NEW YORK] announced the appointment Julio Pekarovic as Chief Financial Officer in August following his role as VP of Finance at Google from 2002 through 2009; and four years as CFO at Quantcast.
Scottsdale Insurance Company [SCOTTSDALE, Ariz.] named David Nelson as the leader of Contract Underwriting. David’s most recent position was CFO for the Scottsdale Insurance Group of Companies, Nationwide Agribusiness and Nationwide National Partners.
Dorman Products, Inc. [Colmar, Pennsylvania] announced that Matthew Kohnke advised the company that he intends to resign from his position as Chief Financial Officer to pursue personal opportunities. Mr. Kohnke’s resignation will be effective February 26, 2016, and he intends to remain with the Company through that date.
Fairmount Santrol (NYSE: FMSA) [CHESTERLAND, Ohio] announced that Christopher L. Nagel will leave his position as Chief Financial Officer and Executive Vice President of Finance effective October 20, 2015, in order to pursue an opportunity in the consumer products industry. Nagel joined Fairmount Santrol as CFO in 2011.
TAS Environmental [Fort Worth, Texas] announced the appointment of Rob Hurmence to the position of Chief Financial Officer (CFO). Hurmence has worked with companies including MoneyGram, Zale Corp and EDS.
iCracked [REDWOOD CITY, CA] announced that it has hired David Merenbach as the company’s Chief Financial Officer. Most recently he was Principal Financial Officer at Jawbone. Prior to Jawbone, Merenbach spent 14 years at Intuit where he was VP of Finance. Before that he was with several different startups.
Alteva, Inc. (NYSE MKT: ALTV) [PHILADELPHIA, PA] announced that Brian H. Callahan has resigned his position as Executive Vice President, Chief Financial Officer, Treasurer, and Corporate Secretary of Alteva effective October 9, 2015, to pursue another opportunity. Alteva also announced that it has appointed Andrea E. McHugh as the Interim Chief Financial Officer effective October 9, 2015. Ms. McHugh has been with Alteva since January 2013, most recently as Vice President and Controller.