CFO Moves this week include:
|Time Inc.||WESCO International, Inc.||Sears Holdings|
|Endo International plc||Bambeco, Inc||ITT Inc.|
|Myers Industries, Inc.||Dynatrace||Sungevity, Inc.|
|Cox Media Group||SiteSpect, Inc.||Enevate Corporation|
|Tronox Limited||FCI||Berlin Packaging|
|AutoGravity||KaloBios Pharmaceuticals, Inc.||Penn National Gaming, Inc.|
|Cognosante||Voyager Therapeutics, Inc.||POET Technologies Inc.|
|New Age Beverages Corporation|
Would you like to receive our weekly CFO Moves directly in your email? Click the SIGN ME UP! button on the right of the blog page.
Should you have any CFO Moves to report, please email us.
NEW: CFO Search Report available monthly to CFOs only. Read more here.
CFO Moves is published by Samuel Dergel (Executive Search Consultant and CFO & Financial Executive Search Specialist with Dergel Executive Search). Samuel can be reached by email at email@example.com or by phone at +1 (415) 738-2070.
+ + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + +
Time Inc. [NEW YORK] (NYSE: TIME) announced that Jeff Bairstow, EVP and CFO, will depart the company after a transition. He will remain as EVP and CFO until November 7, 2016. Thereafter, he will stay on in an advisory capacity until March 1, 2017, to ensure a smooth transition of his responsibilities. Sue D’Emic, SVP, Controller, will succeed Bairstow as EVP and CFO.
WESCO International, Inc. [PITTSBURGH] (NYSE: WCC) announced the appointment of David S. (Dave) Schulz as its Senior Vice President and Chief Financial Officer. After 15 years in financial leadership roles with Procter & Gamble and the J. M. Smucker Company, David joined Armstrong World Industries in 2011 as Vice President – Finance of the Armstrong Building Products division. He was named Senior Vice President and Chief Financial Officer in 2013. Most recently, Mr. Schulz was the Senior Vice President and Chief Operating Officer of Armstrong Flooring, Inc. Mr. Schulz began his career as an officer in the United States Marine Corps.
Sears Holdings [HOFFMAN ESTATES, Ill.] (NASDAQ: SHLD) announced that Jason Hollar has been promoted to chief financial officer. The company previously announced in May that Robert A. Schriesheim would be departing from his position with the company. Mr. Hollar, 43, joined Sears Holdings in October 2014 as senior vice president. Prior to joining Sears Holdings, Mr. Hollar was at Delphi Automotive, where he served as Vice President and Corporate Controller. Prior to Delphi, Jason spent the bulk of his career at Navistar International.
Endo International plc [DUBLIN & Malvern, PA] (NASDAQ: ENDP) (TSX: ENL) announced that Suketu Upadhyay, Executive Vice President and Chief Financial Officer, is leaving the Company. Blaise Coleman, Endo’s Senior Vice President of Global Finance Operations, will serve as Interim Chief Financial Officer.
Bambeco, Inc. [BALTIMORE, MD] announced the appointment of Charles Cioffi as both the company’s Chief Financial Officer and its Chief Operating Officer. Prior to joining Bambeco, Cioffi served as SVP, COO and CFO of The Robert Allen Group, Inc. Prior to that, Cioffi held the role of VP, Chief Performance Officer for HDA, Inc. He began his career at Ernst & Young in its Entrepreneurial Services practice.
ITT Inc. [WHITE PLAINS, N.Y.] (NYSE: ITT) announced that it has elected Nicholas C. Fanandakis to its Board of Directors. Fanandakis is the Executive Vice President and Chief Financial Officer of E.I. du Pont de Nemours and Co. (DuPont). Fanandakis formerly served as Group Vice President of DuPont Applied BioSciences and Vice President of Corporate Plans, as well as in a variety of operational, marketing and product management roles in the Petrochemicals, Chemical & Pigments, Specialty Chemicals and Industrial Solutions areas.
Myers Industries, Inc. [AKRON, Ohio] (NYSE: MYE) announced that Matteo Anversa has been appointed as Executive Vice President, CFO and Corporate Secretary. Mr. Anversa joins Myers from Fiat Chrysler Automobiles N.V. where he was Vice President, Group FP&A. Mr. Anversa began his business career with General Electric Corporation and held various leadership roles during his 16-year tenure including CFO, GE Appliances, Consumer Home Services; CFO, GE Consumer & Industrial, Asia Pacific; and most recently CFO, GE Gas Engines. Mr. Anversa joined Fiat Chrysler in 2013 as the CFO, Ferrari SpA. He subsequently moved to Fiat Chrysler as Vice President, Group FP&A in 2015.
Dynatrace [BOSTON] announced the expansion of its leadership team with the appointment of Kevin Burns as chief financial officer. Prior to Dynatrace, Olesen served as senior vice president and general manager of cloud solutions at Splunk. He also led at McAfee and the software-as-a-service business at HP. Burns has experience in technology organizations, including as CFO of iCAD, Inc. and AMICAS, Inc.
Sungevity, Inc. [OAKLAND, Calif.] announced the appointment of Drew Hamer to the role of Chief Financial Officer. Mr. Hamer joins Sungevity from ON24 where he served as Chief Financial Officer. Prior to that, Mr. Hamer was Chief Financial Officer of Keynote Systems, Inc.
Cox Media Group [ATLANTA] is promoting Brett Fennell, currently CMG’s Chief Financial Officer (CFO), to CFO & Executive VP of National Ad Platforms, which includes CoxReps, Gamut and Videa. Before joining CMG, Fennell was VP of Financial Planning and Analysis (FP&A) at Manheim. His other Cox career highlights include Assistant Vice President of FP&A at Cox Enterprises, Director of Commercial Operations at Cox Communications, and Director of FP&A at Cox Communications.
Enevate Corporation [IRVINE, Calif.] announces that Sameer V. Rao has joined the company as its Chief Financial Officer. Sameer comes to Enevate from MaxLinear Inc. where he was a finance executive. In addition to his most recent role at MaxLinear, Sameer served as a financial leader responsible for the Operations and Manufacturing finance functions for Broadcom Corporation. While there, he also served as product and program manager for the Power Management unit of the Mobile and Wireless Group. Prior to his roles at Broadcom, he served as a management consultant at PRTM. He began his career as a highly respected technical team member on several successful engineering projects at Rockwell International and Conexant Systems.
Tronox Limited [STAMFORD, Conn.] (NYSE: TROX) announced that it has named Timothy C. Carlson as senior vice president and chief financial officer. Carlson will also serve as a company officer and as a member of the Tronox executive management team. Carlson most recently served as the chief financial officer of Precision Valve Corporation. He joined the company in July 2015. From September 2007 to May 2014, Carlson was the executive vice president, chief financial officer, and treasurer of ATMI, Inc. Earlier in his career Carlson held a series of finance, strategic planning, and auditing roles at various divisions of Campbell Soup Company.
Berlin Packaging [CHICAGO] announced that Steven M. Spiegel has joined the company as Chief Financial Officer. He replaces Neil Schwab, who served as Berlin’s CFO for 16 years until retiring this year. Spiegel comes to Berlin Packaging from Regis Corporation, where he spent almost four years as Chief Financial Officer. Prior to joining Regis, Spiegel spent seven years as Vice President of Finance at Alberto-Culver and Unilever. Spiegel also spent ten years in executive finance posts at several private-equity sponsored businesses in the consumer packaged goods industry, five years at Continental Grain Company, and seven years at Deloitte & Touche, most recently as an Audit Manager.
AutoGravity [IRVINE, Calif.] announced the appointment of Lukas Wickart as Chief Financial Officer. Prior to joining AutoGravity, he worked at Surf Airlines as vice president of corporate strategy and finance. Before Surf Airlines, he served as project leader at The Boston Consulting Group.
KaloBios Pharmaceuticals, Inc. [Brisbane, CA] has appointed David L. Tousley as interim Chief Financial Officer of the Company. Mr. Tousley replaces Dean “Kip” Witter III, who has ceased to serve as the Company’s interim Chief Financial Officer. Mr. Tousley has served as an independent consultant to the Company since May 2016. Prior to his work with the Company, Mr. Tousley served as acting Chief Financial Officer and then Executive Vice President and Chief Financial Officer of pharmaceutical company DARA Biosciences, Inc. from March 2012 through DARA’s acquisition by Midatech Pharma PLC in December 2015, and as Executive Vice President and Chief Financial Officer of DARA’s successor Midatech Pharma US Inc. from December 2015 through March 2016. Mr. Tousley also served as Secretary, Treasurer and Chief Financial Officer of PediatRx, Inc. from July 2010 until October 2012 and as Principal of Stratium Consulting Services, from 2007 through March 2013. Previously, Mr. Tousley served as Executive Vice President and Chief Financial Officer of airPharma, LLC and held senior management positions at PediaMed Pharmaceuticals, Inc., AVAX Technologies, Inc. and Pasteur Meriux Connaught.
Penn National Gaming, Inc. [WYOMISSING, Pa.] (NASDAQ: PENN) announced the appointment of William J. (“B.J.”) Fair, as Executive Vice President and Chief Financial Officer. Mr. Fair has served as the Company’s Executive Vice President, Chief Development Officer since 2014. Mr. Fair’s appointment follows today’s announced retirement at the end of this year of Saul V. Reibstein, who has served as Penn National’s CFO since December 2013. Mr. Reibstein will assume a transitional role with Penn National through mid-2017 to ensure a seamless transfer of his CFO responsibilities to Mr. Fair. Prior to joining Penn National, B.J. Fair served for 30 years in executive management positions in the hospitality industry, including American Skiing Company, Universal Studios and Disney Development Company. Mr. Fair previously served as President and Chief Executive Officer of American Skiing Company. Prior to American Skiing, Mr. Fair was President and Director of Universal Studios Port Aventura. Mr. Fair also served in executive management roles with the Universal Creative Division of Universal Studios and with the Disney Development Company.
Cognosante [MCLEAN, VA] announced that its Chief Financial Officer (CFO), Aaron Daniels, will retire at the end of October. In a planned transition, Cognosante’s Chief Accounting Officer, Tom Hohman, will succeed Aaron as CFO. Tom joined the company in June 2015. Aaron will remain involved with the company on an ongoing basis in an advisory capacity, allowing for a deliberate and seamless transition. Prior to joining Cognosante, Tom served as CFO of Compressus, Inc. He previously served as founding CFO of the Public Company Accounting Oversight Board.
Voyager Therapeutics, Inc. [CAMBRIDGE, Mass.] (NASDAQ: VYGR) announced a transition process for Jeff Goater, Voyager’s chief financial officer, who has advised the Company of his plans to pursue other career opportunities.
POET Technologies Inc. [SAN JOSE, Calif.] (OTCQX: POETF) (TSX: PTK) announced that Thomas R. Mika has been appointed Chief Financial Officer. Mika replaces Kevin Barnes, who will remain with the Company as Corporate Controller and Treasurer. Mika currently serves as the Chairman of the Board of Rennova Health, the successor company to CollabRx and its predecessor, Tegal Corporation. Since 2005, he has been the President and CEO, and at times the Acting Chief Financial Officer of CollabRx and Tegal, retaining those positions following its merger with Rennova Health in November 2015. Previously, Mika co-founded IMTEC, taking on the role of CEO in several ventures. Earlier in his career, Mika was a managing consultant with Cresap, McCormick & Paget and a policy analyst for the National Science Foundation.
New Age Beverages Corporation [DENVER, CO] announced that Charles “Chuck” Ence has been promoted to the role of Chief Financial Officer for New Age Beverages Corporation. For the past 13 years, Mr. Ence served as the Chief Financial Officer and part owner for New Age Beverages, LLC, until its acquisition by Bucha, Inc. on June 30, 2016. Prior to New Age, Chuck was a senior executive, Planning Manager and Director of Finance for Quantum Corp. Following Quantum he served as a Director of Finance and Investor Relations at On Command Corp. Mr. Ence began his career at PepsiCo. During his 12 years at Pepsi, Mr. Ence served as a financial analyst, planning supervisor, planning and analysis manager and ultimately controller.