CFO Moves this week include:
|Rimini Street, Inc.||Carlson||Dialogic Inc.|
|Sotheby’s||Cincinnati Bell Inc.||Hertz Global Holdings, Inc.|
|Allconnect, Inc.||ForeverGreen Worldwide Corporation||Agios Pharmaceuticals, Inc.|
|United Security Bancshares, Inc.||Pet Supplies Plus||Hooper Holmes|
|TOMI™ Environmental Solutions, Inc.||MedData, Inc.||Einstein Noah Restaurant Group, Inc.|
|Four Springs Capital Trust||Scale Computing||SafeStitch Medical, Inc.|
|Evolv Inc.||Western Digital® Corp.||American DG Energy Inc.|
|Florida Blue||Meta Financial Group, Inc.||Sparta Systems, Inc.|
|Zetta.net||AV Homes, Inc.||Knoll, Inc.|
|24/7 Mid-Atlantic Network, LLC||Cubist Pharmaceuticals, Inc.||SMT|
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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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Rimini Street, Inc. announced that Jack L. Acosta has been appointed to its Board of Directors as an Independent Director and Chairman of the Audit Committee. Acosta currently serves on several technology company boards, with his most recent operational role serving as chief financial officer at Portal Software, Inc. (now part of Oracle). Prior to that, he served as executive vice president and chief financial officer for Sybase, Inc. (now part of SAP). Prior to these roles, Acosta served as vice president, engineering services, integration and business management for Sybase. He also served as president, COO, and a director of Tanon Manufacturing, Inc. Earlier, Acosta held various management positions at Ungermann-Bass, Inc., Atari, Inc., Diablo Systems, Inc., and Ford Motor Company.
Carlson announced that it has elected Brad Hall as chief financial officer (CFO) and treasurer. Hall has been serving as interim CFO since August 2012. Hall has been with Carlson for 12 years, since 1998, and prior to assuming the interim CFO duties, was responsible for the Company’s treasury, strategic planning, investment analysis and risk management activities. Previously, he served in financial planning and analysis, accounting and internal audit roles within Carlson.
Dialogic Inc. (OTC: DLGC) announced the appointment of Robert M. Dennerlein as Executive Vice President, Finance and Chief Financial Officer. Mr. Dennerlein comes to Dialogic after serving as chief financial officer at Raritan, Inc. and earlier as CFO at Globix. Bob also held senior management and finance operations roles with OpNext and Agere Systems.
Sotheby’s (NYSE: BID) announced that William S. Sheridan, Executive Vice President and Chief Financial Officer, is leaving the Company after 17 years of service. Patrick S. McClymont, a partner and managing director at Goldman, Sachs & Co., was named to succeed Mr. Sheridan, effective October 7. Mr. Sheridan was a long-time partner at the accounting and consulting firm Deloitte & Touche LLP prior to coming to Sotheby’s in 1996 as CFO. Mr. Sheridan will remain with Sotheby’s through the end of 2013 to support the CFO transition. Mr. McClymont joins Sotheby’s from Goldman, Sachs & Co., where he has been a partner and managing director in the Investment Banking Division.
Cincinnati Bell Inc. (NYSE: CBB) announced that Leigh R. Fox will succeed Kurt A. Freyberger as the company’s chief financial officer, effective October 1, 2013. Mr. Fox joined Cincinnati Bell in July 2001 and has held multiple finance and accounting roles including network and operations, six sigma process improvement, and product development. Mr. Fox most recently served as the company’s senior vice president of finance before being announced as the company’s chief administrative officer earlier this year. Mr. Fox succeeds Kurt A. Freyberger, who is resigning from the company effective September 30, 2013, to pursue new opportunities.
Hertz Global Holdings, Inc. (NYSE: HTZ) announced that its Senior Executive Vice President and Chief Financial Officer, Elyse Douglas, has decided for personal reasons to step down from her current role, effective October 1, 2013. Ms. Douglas will stay with the company through December 31, 2013, helping the Company complete several strategic projects and assisting in the transition of her responsibilities to her successor. David J. Rosenberg, currently the Chief Financial Officer of Hertz International, Ltd. will serve as the Company’s CFO on an interim basis while internal and external candidates are considered to fill the CFO position. Before assuming his current role as CFO of Hertz International in 2011, he was Controller, Global Reporting, Policies and Procedures for the Company from 2009 – 2011. Prior to that, he held senior financial positions at Ralph Lauren Corporation (Vice President and Corporate Assistant Controller from 2006-2009), Coty, Inc. (Vice President and Corporate Assistant Controller from 2001 -2006) and Nabisco (Director, Financial Planning and Analysis during 2000 – 2001). Mr. Rosenberg started his career at Coopers & Lybrand.
Allconnect, Inc. announced that Michael Picchi has joined the company as Chief Financial Officer. Picchi comes to Allconnect from TPI Composites, where he served as CFO. Prior to TPI Composites, Picchi served as CFO, International President and Board Member at Comverge. He served as Comverge’s CFO during the company’s successful IPO in 2007. Picchi, who began his career in accounting at Coopers & Lybrand, LLP, also worked in finance for publicly traded companies AirGate PCS, Randstad and PRG-Schultz International.
ForeverGreen Worldwide Corporation (OTC: FVRG) announced that they have hired a new CFO, Jack B. Eldridge. Jack was director of finance/international controller for Neways International for 10 years. In addition, Jack has extensive international experience with several large companies, including Novell and Rio Tinto.
Agios Pharmaceuticals, Inc. (NASDAQ: AGIO) announced the addition of Paul J. Clancy, executive vice president and chief financial officer at Biogen Idec, to the company’s board of directors. Mr. Clancy has served as the executive vice president and chief financial officer at Biogen Idec since August 2007. He also served as senior vice president of finance. Prior to the merger of Biogen and Idec, Mr. Clancy was the vice president of portfolio management at Biogen Inc. He joined the company in 2001 as vice president of U.S. marketing. Before Biogen Inc., Mr. Clancy spent 13 years at PepsiCo, serving in a variety of financial and general management positions, including vice president and general manager of their Great West Business Unit.
AFEX announced the appointment of Richard Verasamy as Chief Financial Officer. Before joining AFEX, Richard was the Chief Financial Officer and Chief Risk Officer for Jameson Bank. Prior to this, Richard held various roles with Travelex including CFO of the Americas and subsequently the Global Finance Director for Travelex’s Commercial FX Division.
Accellent Inc., a wholly owned subsidiary of Accellent Holdings Corp., announced the promotion of Jeremy Friedman from Chief Financial Officer to President and Chief Operating Officer for the Cardio & Vascular business. Mr. Friedman will remain an Executive Vice President of Accellent. Prior to joining Accellent in 2007, Mr. Friedman worked at Flextronics where he held a number of senior executive positions including Chief Operating Officer of Flextronics Network Services. With the appointment of Mr. Friedman to his new role Richard Johnson is appointed Interim Chief Financial Officer for Accellent. Mr. Johnson will also serve as the Company’s principal financial officer and principal accounting officer. Mr. Johnson joined Accellent in February 2013 as Vice President, Chief Accounting Officer. Prior to joining Accellent, Mr. Johnson held senior level Accounting and Finance positions at A123 Systems, GT Advanced Technologies and Ocean Spray Cranberries.
Merkle announced the appointment of Jean Holder to executive vice president and chief financial officer. Holder was most recently as the senior vice president of operations at Quintiles. Prior to Quintiles, Holder spent more than 25 years in a variety of financial and operational positions at Accenture.
United Security Bancshares, Inc. (NASDAQ: USBI) announced that First United Security Bank has hired Thomas S. Elley as Executive Vice President, Chief Financial Officer, Treasurer, and Assistant Secretary of FUSB. Mr. Elley will also serve as Vice President, Chief Financial Officer, Principal Accounting Officer, Treasurer, and Assistant Secretary of USBI. Mr. Elley is expected to join the Company on October 15, 2013 and will assume as of that date the duties and responsibilities of Robert D. Steen, the current Executive Vice President, Chief Financial Officer, Treasurer, and Assistant Secretary of FUSB and Vice President, Chief Financial Officer, Principal Accounting Officer, Treasurer, and Assistant Secretary of USBI. Mr. Steen plans to retire on December 31, 2013. Mr. Elley’s most recent position was Vice President, Accounting Policy Manager and Line of Business Controller with Regions Financial Corporation in Birmingham. Prior to joining Regions, he served for more than 10 years as Senior Manager for Deloitte & Touche LLP. Mr. Steen will assist Mr. Elley in the transition of roles and will remain on staff as Executive Vice President of FUSB and Vice President of USBI until his retirement. Mr. Steen has been the Executive Vice President, Chief Financial Officer of FUSB since 1997. He has also served as Vice President, Chief Financial Officer, and Principal Accounting Officer of USBI since 2003. Mr. Steen currently serves as a director of Acceptance Loan Company, Inc. and as secretary of FUSB Reinsurance, Inc. Mr. Steen started his banking career with First Bank and Trust of Grove Hill, Alabama in 1983 as Executive Vice President. First Bank and Trust was merged with and into United Security Bank in 1997.
Pet Supplies Plus announced that Dan Boose has been named Chief Financial Officer, effective immediately. Mr. Boose joins PSP after spending 13 years at The Sports Authority, Inc., where he most recently served as the Senior Vice President for Finance and Accounting and was a member of the senior leadership team. Prior to The Sports Authority, Mr. Boose held financial roles at Brinker International, Rent-A-Center, and Kraft General Foods. Mr. Boose began his career at Deloitte and is a certified public accountant.
Hooper Holmes (NYSE: HH) announced that it has appointed Tom Collins as Chief Financial Officer. Prior to his promotion, Mr. Collins served as the Senior Vice President of Operations for Hooper Holmes’ Portamedic division. From January 2005 until March 2010, Mr. Collins was a Principal and Owner of Preferred Finance Partners (PFP). Prior to joining PFP, Mr. Collins served in various capacities with the accounting and consulting firms Grant Thornton and PricewaterhouseCoopers. Mr. Collins’ appointment follows the resignation of Michael J. Shea, who served as the Company’s Chief Financial Officer since May 2006.
TOMI Environmental Solutions, Inc. (OTC: TOMZ) announced the appointment of Christopher Chipman as Chief Financial Officer. Mr. Chipman has more than fifteen (15) years’ experience in the financial services field and has served as Chief Financial Officer of two companies, one being public.
MedData, Inc. announced the appointment of Stephen Ghiglieri as Chief Financial Officer. Prior to MedData, Stephen served as the executive vice president, chief operating officer and chief financial officer for NeurogesX, Inc., and has served in various financial and corporate secretary leadership roles over the course of his career with Hansen Medical, Inc., Avolent, Inc., Andromedia, Inc., Oacis Healthcare Systems, Inc., Oclassen Pharmaceuticals, Inc. and PricewaterhouseCoopers, LLP.
Einstein Noah Restaurant Group, Inc. (NASDAQ: BAGL) announced the appointment of John Coletta as Chief Financial Officer, effective October 21, 2013. Mr. Coletta will assume the position formerly held by Manny Hilario, who was appointed Chief Operations Officer in July. Mr. Coletta currently holds the position of Chief Financial Officer at Quiznos, where he also served as President of the Food Division. Mr. Coletta’s prior roles include Chief Financial Officer at Real Goods Solar; Chief Financial Officer/President at Cartridge World; and Chief Financial Officer/Chief Administrative Officer at Rock Bottom Restaurants, Inc.
Four Springs Capital Trust (FSCT), a private real estate investment trust, announced that John Warch has joined the company as its Chief Financial Officer. Prior to joining FSCT, Mr. Warch served as the Senior Vice President and Chief Accounting Officer of CapLease, Inc.
Scale Computing announced that Tim Harvey has joined as chief financial officer. Harvey joined the company from Angie’s List, where he was the chief financial officer of the company. Before that, he was vice president of planning at WebEx. He also held senior finance roles at other high-tech companies such as VERITAS and SGI.
SafeStitch Medical, Inc. (OTC: SFES), which recently merged with TransEnterix, Inc., announced that it has appointed Joseph P. Slattery to serve as its Executive Vice President and Chief Financial Officer, effective October 2, 2013. Mr. Slattery most recently served as Executive Vice President and Chief Financial Officer of Baxano Surgical, Inc. Previously, he served as Chief Financial Officer and Senior Vice President of Finance and Information Systems of Digene Corporation. Mr. Slattery currently serves on the board of directors of CVRx, Inc. and Exosome Diagnostics.
Evolv Inc. announced that Steven Love has joined the senior team as chief financial officer. Love was previously chief financial officer at mBlox. Prior to mBlox, Love played instrumental global finance roles at a number of other Silicon Valley companies, including Informatica, Portal Software (acquired by Oracle) and Connetics (acquired by GlaxoSmithKline).
Western Digital Corp. (NASDAQ: WDC) announced that chief financial officer Wolfgang Nickl is resigning effective Nov. 17, 2013 to become chief financial officer at ASML Holding N.V. (ASML) in the Netherlands. Nickl has served as Western Digital’s chief financial officer since August 2010. Prior to that time, Nickl served in other positions within the company’s finance and operations groups. Nickl will continue to direct WDC’s worldwide finance activities until his departure date.
American DG Energy Inc. (NYSE: ADGE) announced that Anthony S. Loumidis has resigned from his position as Chief Financial Officer, Secretary and Treasurer to pursue other professional opportunities. Mr. Loumidis has been the Company’s Chief Financial Officer since 2004 and Secretary and Treasurer since 2001.
Florida Blue announced the appointment of Charles “Chuck” Divita, III as senior vice president and chief financial officer of Florida Blue, effective Jan. 1, 2014. Effective immediately, Divita will become a member of the Florida Blue executive management team and the operating committee. Divita joined Florida Blue in 2011 as chief accounting officer. Prior to joining Florida Blue in 2011, Divita served as the chief financial officer for FPIC Insurance Group, Inc. Divita has also held leadership positions at Employers Mutual, as its President and CEO and Prudential Financial in operations and risk management roles, having begun his career in public accounting at Arthur Andersen, LLP. He serves on the Board of Directors of the Florida Blue Foundation, Availity, LLC, OptaComp Insurance Company, Diversified Service Options and Teach for America. He also serves on the Finance Committee of the Florida Chamber of Commerce. Divita replaces Chris Doerr, executive vice president and chief financial officer, who will be retiring at the end of the year after serving Florida Blue more than 18 years.
Meta Financial Group, Inc. (NASDAQ: CASH) announced the appointment of Glen Herrick as Chief Financial Officer. Glen Herrick, currently Senior Vice President of Finance and Investment Management has been promoted to Executive Vice President and Chief Financial Officer. Mr. Herrick joined the Company earlier this year following 19 years of various finance, accounting and risk management roles at Wells Fargo, including serving as CFO of Wells Fargo’s student loan division. Mr. Herrick replaces Dave Leedom, who will remain with the Company in a part-time role.
Sparta Systems, Inc. announced that it has appointed Steven Ford as Chief Financial Officer. Prior to his role at Sparta Systems, Ford was CFO at TradeCard. Previous to TradeCard, Ford was the Executive Vice President and CFO for Innodata Isogen. Ford also has held leadership positions at Kroll and Equifax.
Zetta.net announced that Kevin J. Laughlin has joined the company as chief financial officer (CFO). Laughlin joins Zetta.net from Sensa Products, where he was CFO. Prior to his position at Sensa, Laughlin held CFO positions with All Covered, and International Network Services. Laughlin has also served as corporate controller at Electronics for Imaging, Inc.
AV Homes, Inc. (NASDAQ: AVHI) announced that Michael S. Burnett has been appointed to the Company’s new position of Executive Vice President and Chief Financial Officer. Mr. Burnett currently serves as Group Vice President, Finance, Treasury and Investor Relations for JDA Software Group, Inc. Previously, he served as Chief Financial Officer for American Traffic Solutions, Inc. He also served as Senior Vice President and Treasurer, and held various financial roles for Allied Waste Industries, Inc. Mr. Burnett began his career as a certified public accountant with Arthur Andersen LLP.
Knoll, Inc. (NYSE:KNL) named Craig B. Spray its new Senior Vice President and Chief Financial Officer. Mr. Spray succeeds Barry McCabe who in April 2013 announced his desire to retire after twenty-two years at Knoll. Mr. McCabe will remain with the Company as Executive Vice President to assist with a transition period ending no later than February 28, 2014. Prior to joining Knoll, Mr. Spray served as Executive Vice President and Chief Financial Officer of MasterBrand Cabinets, Inc., subsidiary of Fortune Brands Home & Security, Inc. Prior to joining Fortune Brands, Mr. Spray held various finance positions at Ford Motor Company; he has also served in Europe and the United States as a U.S. Navy project engineer.
24/7 Mid-Atlantic Network, LLC announced that it has appointed Ron Kolson as Chief Executive Officer. Kolson initially joined 24/7 in October 2012 as Chief Financial Officer and Vice President of Administration.
Cubist Pharmaceuticals, Inc. (NASDAQ: CBST) announced the appointment of Kenneth J. Martin to its Board of Directors. Mr. Martin served as the Chief Financial Officer and Vice Chairman of Wyeth (formerly American Home Products) from 2000 to 2007, before retiring in 2007. Mr. Martin joined American Home Products in 1984 and held the positions of Senior Vice President of Finance, Executive Vice President and President for American Home Food Products. He also served in a variety of senior roles for Whitehall-Robins Healthcare, and became the Company’s President in 1997. In 1998 he was named Senior Vice President and Chief Financial Officer of Wyeth-Ayerst Pharmaceuticals, and in 2000 he was named Wyeth’s Senior Vice President and Chief Financial Officer. Since 2007, Mr. Martin has served as a member of the Board of Directors of WABCO Holdings, Inc. He previously served as a member of the board of directors of Talecris Biotherapeutics Holdings Corp from 2007 to 2011.
SMT announced that the company has named Steve Thompson as its chief financial officer. Prior to joining SMT, Thompson served for 10 years as CFO of Noel Group, LLC. Additionally, he has held CFO positions with several other companies in the software and contract manufacturing industries and in public accounting.