CFO Moves this week include:
|Google, Inc.||Citizens Financial Group, Inc.||Dollar General Corporation|
|B&G Foods, Inc||Tenet Healthcare Corporation||Citi Trends, Inc.|
|Adaptive Medias, Inc.||CB&I||Bankrate, Inc.|
|SDC Nutrition, Inc.||King Estate Winery||Karmanos Cancer Institute|
|Intertek Group plc||Zero Gravity Solutions, Inc.||Arcadia Biosciences, Inc.|
|ACADIA Pharmaceuticals Inc.||Integrated Wealth Management||Smarsh®|
|Alere Inc.||Sanchez Energy Corporation||Heartland BancCorp|
|Iteris, Inc.||Kinsale Capital Group||Xamarin|
|Monotype Imaging Holdings Inc.||Qumu Corporation||Arlington Asset Investment Corp.|
|BIND Therapeutics, Inc.||Endologix, Inc.||Unwired Planet, Inc.|
|Lilis Energy||TransAKT Ltd.||CTI Group (Holdings) Inc.|
|Hearsay Social||Heat Biologics, Inc.||The LGL Group, Inc.|
|National American University Holdings, Inc.||Demand Media, 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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Google Inc. announced that Patrick Pichette, its Chief Financial Officer (CFO), informed the company of his intent to retire. The effective date of his retirement has not yet been determined. Patrick indicated that he intends to assist in the search for a new CFO and ensure an orderly transition, which the company expects will occur within the next six months.
Citizens Financial Group, Inc. (NYSE: CFG) announced the appointment of Eric Aboaf as Executive Vice President and Chief Financial Officer. He will succeed CFO John Fawcett, who is retiring April 30, 2015. Aboaf comes to Citizens from Citigroup, where he most recently held the role of Global Treasurer. He also previously served as CFO of both Citigroup’s North American Consumer Group and its Institutional Client Group. Aboaf also previously held the role of partner and co-head of the U.S. Financial Services Practice at Bain & Company.
Dollar General Corporation (NYSE: DG) announced that David Tehle, executive vice president and chief financial officer, will retire from Dollar General effective July 1, 2015. Prior to joining Dollar General in June 2004, Tehle spent seven years with Haggar Corporation as executive vice president and chief financial officer. He held leadership positions with several world leaders in manufacturing, including vice president of finance for The Stanley Works, Mechanics Tools Division, and vice president of finance and chief financial officer for Hat Brands Inc. Tehle gained 12 years of financial experience through management positions at Ryder System Inc. and through various financial and accounting positions at Texas Instruments, Inc. He has served as a director of Jack in the Box Inc. since December 2004.
B&G Foods, Inc. (NYSE: BGS) announced that it has appointed Thomas P. Crimmins as its Executive Vice President of Finance and Chief Financial Officer. Mr. Crimmins joins B&G Foods from DRS Technologies, Inc., where he spent 16 years, the last three as that company’s Executive Vice President and Chief Financial Officer. From 1992 to 1999, Mr. Crimmins was an audit manager for PricewaterhouseCoopers. Mr. Crimmins replaces Robert Cantwell, who has been the Company’s Executive Vice President of Finance and Chief Financial Officer since 1991, and has been serving in that role on an interim basis since the beginning of this year, when he was promoted to President and Chief Executive Officer.
Tenet Healthcare Corporation (NYSE: THC) has appointed Tammy Romo, senior vice president of finance and chief financial officer of Southwest Airlines Co., as a new independent director. She will serve on the Audit Committee and the Nominating and Corporate Governance Committee. Romo has served as senior vice president of finance and chief financial officer of Southwest Airlines since September 2012. Previously, she held a variety of financial management and leadership positions at the company, including senior vice president of planning, vice president and controller, vice president and treasurer, and senior director of investor relations. Before joining Southwest Airlines in 1991, she was an audit manager at Coopers & Lybrand, LLP.
Citi Trends, Inc. (NASDAQ: CTRN) announced that Bruce Smith, the Company’s Executive Vice President and Chief Financial Officer, will also become its Chief Operating Officer.
Adaptive Medias, Inc. (OTC: ADTM) announced that it has appointed Omar Akram, co-founder and Vice President of Product and Technology, to the additional roles of President and Chief Financial Officer of the Company. Prior to joining the Company, Mr. Akram served as a Director of Product Development at Tactara from March 2012 until January 2013; Senior Product Development Manager at SpinMedia from December 2011 until April 2012; and Senior Product/Project Development Manager at Epic Marketplace from April 2009 until November 2011.
CB&I (NYSE: CBI) announced it has appointed Michael S. Taff as Executive Vice President and Chief Financial Officer, effective April 1, 2015. Mr. Taff will succeed Ronald A. Ballschmiede, who is retiring. Mr. Taff joins CB&I from Flowserve Corporation where he served as Senior Vice President and Chief Financial Officer. He previously served as Senior Vice President and Chief Financial Officer for McDermott International Inc., and also for The Babcock and Wilcox Company following its spin-off from McDermott. Mr. Taff also has held finance leadership roles at HMT, Inc., Philip Services Corporation and British Petroleum Oil Company. Westley S. Stockton, Vice President, Controller and Chief Accounting Officer, will assume interim responsibility for the company’s operational finance functions until April. Mr. Stockton joined CB&I in 2002 and has served in his current role since August 2008.
Bankrate, Inc. (NYSE: RATE) announced the appointment of Steven D. Barnhart as Senior Vice President, Chief Financial Officer. Mr. Barnhart has held the position of Interim Chief Financial Officer since September 2014. Prior to joining Bankrate in September, Mr. Barnhart was most recently Senior Vice President and Chief Financial Officer of Sears Hometown and Outlet Stores. Prior to that, he was CFO at Bally Total Fitness. From 2003 to 2009, Mr. Barnhart served in various executive leadership roles at Orbitz Worldwide, including Chief Financial Officer, President and then Chief Executive Officer. From 1990 to 2003, Mr. Barnhart served in various finance and strategy roles for PepsiCo, and as Finance Director, Southeast Business Unit, The Pepsi Bottling Group. Mr. Barnhart is a director at USATechnologies, Inc.
SDC Nutrition, Inc. announced that Ray Boyer will now serve as their Chief Financial Officer. Ray is a private investor, and recently retired from Bechtel Plant Machinery, Inc. as Chief Financial Officer after a 38-year career. Ray is the current Director of the SDC Nutrition, Inc. Board.
The Barbara Ann Karmanos Cancer Institute announced hiring Brian Gamble as its new executive vice president and chief financial officer. Gamble most recently served as both the vice president and assistant treasurer for Henry Ford Health System and as the vice president of Finance and chief financial officer of Henry Ford West Bloomfield Hospital. While at Henry Ford Health System, he also has served as corporate director of Treasury, served as cash manager and served on several subsidiary boards.
Intertek Group plc (FTSE: ITRK) announced that Bonnie H. Chan has joined Intertek Americas as Chief Financial Officer. Ms. Chan was most recently Chief Financial Officer at Tydenbrooks Company. Ms. Chan also held various senior finance positions at Borden Dairy Company; Sara Lee; and Dean Foods Company.
Zero Gravity Solutions, Inc. (PINK: ZGSI) named Timothy (Tim) A. Peach as the Company’s Chief Financial Officer
Arcadia Biosciences, Inc. announced that Thomas P. O’Neil has joined the company’s leadership team as chief financial officer (CFO). Prior to joining Arcadia, Mr. O’Neil was the CFO of Sorbent Therapeutics, Inc. He has also held executive-level positions with ChemGenex Pharmaceuticals, and biotechnology firms Nodality and HX Diagnostics, as well as several finance roles with Monogram Biosciences, Inc.
ACADIA Pharmaceuticals Inc. (NASDAQ: ACAD) announced that Steve Davis, Executive Vice President, Chief Financial Officer and Chief Business Officer of ACADIA, has been appointed as Interim Chief Executive Officer.
Integrated Wealth Management announced that Ryan Delaney has joined the firm as Chief Financial Officer. Delaney began his career in financial services in 1995. Most recently, he worked in Morgan Stanley’s Alternative Investment Group. Prior to Morgan Stanley, Ryan spent 15 years in the hedge fund and fund of funds industry.
Smarsh announced that Allen Muhich has been named chief financial officer. Muhich joins with over 20 years of experience in financial leadership roles in companies including Tripwire, Tektronix, Merix Corporation and Xerox. Most recently he served as the chief financial officer at Radisys.
Sanchez Energy Corporation (NYSE: SN) announced that Executive Vice President and Chief Financial Officer Michael G. Long, plans to retire effective April 30, 2015. The company also announced that Gleeson Van Riet, Senior Vice President of Capital Markets and Investor Relations, has been named interim Co-Chief Financial Officer.
Heartland BancCorp (OTC: HLAN) parent company of Heartland Bank, announced that Carrie Almendinger has been promoted to Executive Vice President and Chief Financial Officer. George Smith, who has served as Heartland’s Chief Financial Officer for nearly 20 years, plans to retire in April. Almendinger is currently Senior Vice President and Controller at Heartland and has been an employee of the bank since 1996. She has 25 years of accounting experience and 19 years of banking experience including roles as Accounting Supervisor and Assistant Controller before being promoted to her current position of Controller.
Iteris, Inc. (NYSE: ITI) has appointed Andrew Schmidt as vice president of finance and chief financial officer. Schmidt joins Iteris after serving as CFO of Smith Micro Software for nine years. Before joining Smith Micro, Schmidt held CFO roles for several public companies, including Genius Products and Mad Catz Interactive, and he also served as vice president of finance for Peregrine Systems. Schmidt succeeds Craig Christensen, who has served as interim CFO since July 2014. Christensen will continue serving the company as vice president and controller, positions he has held since April 2012.
Kinsale Capital Group has promoted Bryan P. Petrucelli to Chief Financial Officer. Mr. Petrucelli was previously Kinsale’s Vice President of Finance – a position he has held since the company’s founding in 2009. Prior to joining Kinsale, he was a Senior Manager at Ernst & Young’s audit practice.
Xamarin announced it has hired Bryan Morris as CFO. Morris joins Xamarin after serving as CFO at LiveRamp, which was acquired by Acxiom Corporation (NASDAQ:ACXM) in July 2014. Prior to that, Morris spent five and a half years as VP Finance at Ooyala (acquired by Telstra in October 2014).
Monotype Imaging Holdings Inc. (NASDAQ: TYPE) announced that Scott Landers, currently senior vice president and chief financial officer of Monotype, will become president and chief executive officer on or about January 1, 2016. Landers has also been appointed chief operating officer, effective immediately, and will serve in this role until his appointment as president and CEO.
Arlington Asset Investment Corp. announced that Kurt R. Harrington intends to retire, after serving as the Company’s Chief Financial Officer for the last 15 years. Richard E. Konzmann has been chosen to succeed Mr. Harrington as Executive Vice President, Chief Financial Officer and Treasurer of the Company. Since 2002, Mr. Konzmann has been employed by American Capital, Ltd. In 2006, Mr. Konzmann became Senior Vice President, Accounting of American Capital, Ltd. Prior to joining American Capital, Ltd., Mr. Konzmann was a Vice President and Controller at Crestline Capital Corporation, served in various accounting, finance and asset management roles with Host Marriott Corporation and began his career with the public accounting firm Deloitte and Touche LLP.
BIND Therapeutics, Inc. (NASDAQ: BIND) announced that Andrew Hirsch has been appointed the acting president and chief executive officer of the Company. Mr. Hirsch was formerly BIND’s chief operating officer and chief financial officer. Prior to joining BIND, Mr. Hirsch was chief financial officer at Avila Therapeutics until its acquisition by Celgene, Inc., in March 2012. Previously, Mr. Hirsch served in roles of increasing responsibility during his nearly 10 year tenure at Biogen Idec, most recently as vice president, Corporate Strategy and M&A.
Endologix, Inc. (NASDAQ: ELGX) announced that Shelley Thunen, Chief Financial Officer, has decided to resign from her position in order to spend more time with family and pursue other personal interests.
Unwired Planet, Inc. appointed Dean (Kip) Witter III as the Chief Financial Officer (“CFO”). Mr. Witter will provide consulting services to the Company as CFO pursuant to an existing consulting agreement with The Brenner Group, Inc. Mr. Witter is a Vice President of The Brenner Group, a financial consultancy firm, a position he has held since January 2009. He currently also serves as a director of Eeonyx Corporation. Prior to the Brenner Group, from 2003 to 2007 he was President of William D. Witter, Inc., an investment manager, and he served as its Chairman from 2005 to 2007. From 1999 to 2001, he was Chief Financial Officer of Hello Direct, Inc., until its acquisition by GN Great Nordic. Mark Thompson, the Company’s current CFO has resigned.
Lilis Energy (NASDAQ: LLEX) announced that Kevin Nanke has joined the company as its Executive Vice President and Chief Financial Officer. Eric Ulwelling, who served as Lilis Energy’s CFO since October 2014, has resumed his position as Principal Accounting Officer and Controller, a post he has held since joining the Company in 2012. Mr. Nanke previously served as Treasurer and Chief Financial Officer of Delta Petroleum Corporation from 1999 to 2012, and as its Controller from 1995 to 1999. Concurrent to his positions, Mr. Nanke served as Treasurer and CFO of Delta’s E&P subsidiary, Amber Resources, and as Treasurer, CFO and Director of Delta’s E&P subsidiary, DHS Drilling Company. Prior to joining Delta, Mr. Nanke was employed by KPMG LLP.
TransAKT Ltd. (OTC: TAKD) announced the appointment of Mr. Yam Chi-Wah as its chief financial officer. Mr. Yam succeeds Ms. Taifen Day who has stepped down as chief financial officer. Prior to joining TransAKT Mr. Yam Served as financial controller of Legend Hardware Ltd. from 2006 to 2015, a company specializing in the manufacture, processing, and distribution of office & home furnishings. He has also served as a finance manager for Neolink Technology Ltd.
CTI Group (Holdings) Inc. (OTC: CTIG) announced that Manfred Hanuschek has been named as CTI Group’s Chief Executive Officer and President, and that Nathan Habegger has been named as the Company’s Chief Financial Officer. Mr. Hanuschek has served as CTI Group’s interim Chief Executive Officer and President since January 1, 2015 and served as CTI Group’s Chief Financial Officer since June 2000. Mr. Habegger has served as CTI Group’s Vice President of Finance since June 2005.
Hearsay Social announced that William Salisbury has joined the company as its first Chief Financial Officer (CFO). Salisbury joins Hearsay Social from AVAST Software. Prior to AVAST, Salisbury served as CFO at Crescendo Bioscience. Before shifting into these operational roles, he spent 15 years at Morgan Stanley. He began his career as an associate with Davis Polk & Wardwell.
Heat Biologics, Inc. (NASDAQ: HTBX) announced that Matthew Czajkowski will resign from his position as Chief Financial Officer in order to relocate to Kigali, Rwanda to assume the position of Country Director of Jibu. Mr. Czajkowski will also serve as Jibu’s Chief Financial Officer. Stephen J. DiPalma will assume the role of interim Chief Financial Officer of the Company upon the resignation of Mr. Czajkowski. Mr. DiPalma is Managing Director for Danforth Advisors LLC. Previously, he served as the CFO of two public companies, and as CFO, COO, CEO or Director of eight privately held companies, in addition to his consulting clients. He was formerly Chairman of the Board of Cognoptix Inc., and is on the Board of Directors of Phytera, Inc.
The LGL Group, Inc. (NYSE: LGL) announced that its Chief Financial Officer, R. LaDuane Clifton, has informed the Company of his resignation, effective March 31, 2015, due to his acceptance of a similar position in the pharmaceutical industry.
National American University Holdings, Inc. (NASDAQ: NAUH) announced that its Chief Financial Officer, Venessa Green, recently resigned to pursue other opportunities. Dr. Ronald Shape, the Company’s Chief Executive Officer, will serve as interim chief financial officer. Ms. Green has served as CFO since November 2011.