CFO Moves this week include:
|Motorola Solutions, Inc.||The Western Union Company||Bristol-Myers Squibb Company|
|Tiffany & Co.||Willdan Group, Inc.||Bemis Company, Inc.|
|RockStar Resources, Inc.||Rent-A-Center, Inc.||HCA|
|Cleaver-Brooks, Inc.||Booker||Western Digital® Corp.|
|Catabasis Pharmaceuticals, Inc.||Media General, Inc.||Videology|
|Magellan Midstream Partners, L.P.||MLV & Co.||Aviv REIT, Inc.|
|DuPont Fabros Technology, Inc.||Klondex Mines Ltd.||Apttus|
|ClearCorrect, LLC||PaySpan®, Inc.||The ExOne Company|
|CTS Corporation||Vistronix||Aratana Therapeutics, Inc.|
|Actinium Pharmaceuticals, Inc.||Astrotech Corporation||StemCells, Inc.|
|BG Medicine, Inc.||Ener-Core, Inc.||State Fund|
|Amyris, Inc.||Save The World Air, Inc.||Suburban Propane Partners, L.P.|
|Nelnet||Medivation, Inc.||Digimarc Corporation|
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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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Motorola Solutions, Inc. (NYSE: MSI) announced that Gino A. Bonanotte, acting chief financial officer and corporate vice president, has been named chief financial officer and executive vice president. Bonanotte was named to the acting CFO role in August. Bonanotte joined Motorola in 1988 and previously served as corporate vice president overseeing financial operations for the company’s sales and product operations organization. He has served on the board of directors for Vertex and other joint ventures in Latin America.
The Western Union Company (NYSE: WU) announced that Scott T. Scheirman, Executive Vice President and Chief Financial Officer, will be leaving the company on February 28, 2014. Mr. Scheirman will serve as the Chief Financial Officer through December 31, 2013, and then he will serve as a senior advisor to the Company during the transition. Raj K. Agrawal, currently Executive Vice President, and President of Western Union Business Solutions, will serve as Interim Chief Financial Officer, effective January 1, 2014. Mr. Agrawal joined the Company in 2006 and has served as an Executive Vice President of the Company since November 2011, and President, Western Union Business Solutions since August 2011. Mr. Agrawal served as General Manager, Western Union Business Solutions, since November 2010, and as Senior Vice President of Finance, from August 2010 to November 2010. Previously, Mr. Agrawal served as Senior Vice President of Finance for the Company’s Europe, Middle East, and Africa and Asia Pacific regions from July 2008 to August 2010, and as Senior Vice President and Treasurer of Western Union, from June 2006 to May 2008.
Bristol-Myers Squibb Company (NYSE: BMY) announced that Charles Bancroft, executive vice president and chief financial officer, will take on an expanded role that includes the Business Development and Strategy groups.
Tiffany & Co. (NYSE: TIF) announced that Patrick F. McGuiness, its Chief Financial Officer has resigned that position effective November 27, 2013. James N. Fernandez, the Executive Vice President and Chief Operating Officer will assume the position of Chief Financial Officer (principal financial officer) on an interim basis effective November 27, 2013. Mr. Fernandez joined Tiffany in 1983 and held various positions in financial planning and management prior to his appointment as Senior Vice President – Chief Financial Officer in 1989. In 1998 he was promoted to Executive Vice President – Chief Financial Officer. In June 2011 he was promoted to Executive Vice President and Chief Operating Officer and Mr. McGuiness replaced him in the role of Chief Financial Officer. Since that time, Mr. McGuiness has reported to Mr. Fernandez.
Willdan Group, Inc. (NASDAQ: WLDN) announced the promotion of Stacy B. McLaughlin to Chief Financial Officer from her previous position as the company’s Compliance Manager. Prior to joining Willdan, Mrs. McLaughlin was, from 2009 to 2010, Senior Associate at Windes & McClaughry Accountancy Corporation and, from 2004 to 2009, Senior Audit Associate at the public accounting firm KPMG, LLP.
Bemis Company, Inc. (NYSE: BMS) announced that Scott B. Ullem has resigned as its Vice President and Chief Financial Officer in order to pursue other professional opportunities. Mr. Ullem will continue as an employee through the end of the year to provide for a smooth transition. In the interim, Jerry Krempa, the Company’s Vice President and Controller, will also serve as the Company’s principal financial officer.
RockStar Resources, Inc. announced that Elizabeth M. Druffel has been named the Company’s new Chief Financial Officer. Druffel most recently served as the former Treasurer and Chief Accountant of Coeur d’Alene Mines Corporation. She also was previously employed as an Audit Senior Manager with KPMG LLP and is a Certified Public Accountant.
Rent-A-Center, Inc. (NASDAQ: RCII) announced that the Board of Directors has selected Robert D. Davis, the Company’s current Chief Financial Officer, to become Chief Executive Officer on February 1, 2014. Mr. Davis also has been elected to the Company’s Board. Mr. Davis has served as the Company’s Executive Vice President – Finance since February 2008 and has served as the Company’s Chief Financial Officer since March 1999. The Company also announced that Michael S. Wilding, the Company’s current Senior Vice President – Accounting and Global Controller, will serve as Interim Chief Financial Officer, effective February 1, 2014.
HCA (NYSE: HCA) announced the appointment of Robert F. Carrel as President of HCA’s Richmond, Va.-based Capital Division, effective January 1, 2014. Carrel, who has served as Chief Financial Officer of the Capital Division since 2006. As CFO of HCA’s Capital Division, Carrel has been responsible for the division’s financial operations for the last eight years. Prior to that, he was CFO of HCA’s Fort Myers market from 2003 through 2005. From 2000 to 2003, Carrel served as CFO of Saint Vincent Hospital, a non-HCA facility in Worcestor, Mass. Carrel began his career with HCA in 1991 as Assistant Controller for Aventura Hospital & Medical Center in Aventura, Fla. He later served as CFO of several other HCA hospitals in South Florida.
Cleaver-Brooks, Inc. announced that John Oakley has joined the company as Chief Financial Officer. Previously, Mr. Oakley was President, Chief Financial Officer and Director for Flanders Corp. He has also served as the Chief Financial Officer at Nexxus Lighting and Senior Vice President, Chief Financial Officer and Director at Home Meridian International. Mr. Oakley began his career with Arthur Andersen, LLP, and gaining experience as Corporate Controller for Collins & Aikman Floorcoverings and as Treasurer for Pulaski Furniture Corp.
Booker announced that it has added Bill Smith as Chief Financial Officer. Bill was most recently CFO of Antenna Software, Inc. until its sale to Pegasystems, Inc. in October 2013. Prior to that, he was CFO of KAYAK Software, Inc.
Western Digital Corp. (NASDAQ: WDC) announced that Tim Leyden has been named chief financial officer. Leyden has served Western Digital for more than 23 years in a variety of leadership positions, including tenures as CFO from 2007 to 2010 and chief operating officer from 2010 to 2012. At the time of Western Digital’s acquisition of HGST in 2012, Leyden was named president of the WD subsidiary. Leyden will succeed Wolfgang Nickl, who is resigning as CFO, effective Nov. 17, to join ASML in his native Europe.
Catabasis Pharmaceuticals, Inc. announced that it has named Ian Sanderson its chief financial officer. Prior to joining Catabasis, Mr. Sanderson was a senior adviser at JSB-Partners, L.P. Prior to JSB-Partners, Mr. Sanderson was a managing director at Cowen and Company, LLC. Mr. Sanderson began his life sciences career in healthcare investment banking at Cowen and Company and at Houlihan Lokey Howard and Zukin, and in financial operations at U.S. Surgical Corporation (now Covidien). Mr. Sanderson also served as a director of development-stage, drug delivery technology company Spherics, Inc.
Media General, Inc. (NYSE: MEG) announced that James F. Woodward has been named a Senior Vice President, effective immediately. Mr. Woodward will continue in his role as chief financial officer, a position he has held since 2011. Mr. Woodward served as group vice president for Media General’s former growth and performance group from 2009-2011. Before that, he was director of corporate human resources from 1999-2009. He was elected a corporate vice president in 2005. During his 30 years with Media General, he has served as staff accountant, audit manager, assistant controller of Richmond Newspapers, and manager of human resources systems for the finance department.
Videology announced that it has hired Scott Macleod as Chief Financial Officer. Macleod was a Managing Director and founding member of Merrill Lynch’s Global Communications Group and founded Merrill Lynch’s Asia Pacific Telecoms practice. Macleod later joined Rothschild as a Managing Director and Head of the North American Telecom Group. Macleod joined Nexlink Communications (later renamed XO Communications) where he ran Corporate Development. He later became Chief Financial Officer of SkyTerra Communications. Since 2010, Macleod has continued to provide strategic and investment advisory services including assisting companies (most recently Uniloc Luxembourg) in pursuing their strategic and financing alternatives.
Magellan Midstream Partners, L.P. (NYSE: MMP) announced that Michael Osborne will join the partnership to replace John Chandler, current chief financial officer, upon Chandler’s previously-announced departure from the company on March 31, 2014. Osborne has spent his entire career with Ernst & Young LLP, serving as an audit partner for the past 11 years. Osborne will join the partnership on Nov. 18, 2013, transitioning to the chief financial officer role in late March 2014.
MLV & Co. announced that Ron Ormand, Co-Founder and former Executive Vice President, Chief Financial Officer and Head of Capital Markets of Magnum Hunter Resources Corporation, has joined the firm’s Energy Investment Banking Group as a Managing Director. In addition, Mr. Ormand will also be a Principal in 1055 Partners, MLV’s principal investment arm. Prior to MHR, Mr. Ormand was Managing Director and Group Head of U.S. Oil and Gas Investment Banking at CIBC World Markets and Oppenheimer from 1988-2004 and at West LB A.G. from 2005-2007. Mr. Ormand also previously served as President and Chief Financial Officer of Tremisis Energy Acquisition Corp. II. Mr. Ormand also served as member of Board of Directors of Greenhunter Resources, Inc. from 2011-2013; Tremisis from 2007-2009 and Eureka Hunter Holdings, Inc. from 2010-2013.
Aviv REIT, Inc. (NYSE: AVIV) announced that it has hired Mark L. Wetzel as Chief Financial Officer and Treasurer of the Company. Mr. Wetzel replaces James H. Lyman, the Company’s previous Chief Financial Officer and Treasurer. Mr. Wetzel served as Executive Vice President, Chief Financial Officer and Treasurer of DuPont Fabros Technology, Inc. from 2008 to 2013. From 2006 to 2007, Mr. Wetzel was the Chief Financial Officer of Vornado Realty Trust’s Merchandise Mart division. From 1994 to 2006, Mr. Wetzel served in various senior executive financial positions with Equity Residential, most recently serving as Senior Vice President and Chief Accounting Officer. From 1982 to 1994, Mr. Wetzel served in various positions in the real estate and public accounting industries.
DuPont Fabros Technology, Inc. (NYSE: DFT), announced that Jeffrey H. Foster has been named as Executive Vice President and Chief Financial Officer of DuPont Fabros Technology, Inc., replacing Mark Wetzel who resigned his position with the Company to pursue another opportunity. Jeff Foster joined DFT in July 2007 and has been the Company’s Chief Accounting Officer since its initial public offering in October 2007. Prior to joining DFT, Mr. Foster served as Senior Vice President and Chief Accounting Officer of Global Signal, Inc., now part of Crown Castle International Corp. He also has held senior positions with Danka Office Imaging, Progress Telecom Corporation, Florida Power Corporation and GTE Corporation.
Klondex Mines Ltd. (OTC: KLNDF) announced that Barry Dahl has been appointed Chief Financial Officer. Mr. Dahl joins Klondex after being CFO of Argonaut Gold, Inc. for nearly four years. He replaces Jorge Avelino who will continue to serve Klondex as Corporate Controller and Corporate Secretary as Mr. Dahl transitions into the company. Prior to Argonaut, Mr. Dahl served as Andean Resources Corporate Controller in 2009, Hettinger Welding LLC Corporate Controller and CFO (2007 — 2009), and the Meridian Gold Inc. Director of External Reporting and Internal Controls (2003 — 2007).
Apttus announced it has appointed Jeff Van Zanten as chief financial officer (CFO). Previous to Apttus, Jeff was CFO at software firm Coverity. Prior to Coverity, he served as CFO for Symphony Services Corporation. Previous to Symphony Services, Jeff served as EVP Global Finance for Scient.
ClearCorrect, LLC announced the addition of Edward W. Hlousek as its new Chief Financial Officer. Prior to joining the ClearCorrect team, Edward was a Consulting and Audit Partner at Deloitte, McConnell & Jones, and Arthur Andersen.
PaySpan, Inc. announced that Cheryl King has joined the company as CFO. King has more than 25 years of financial management and operational business experience supporting global organizations, including her prior Group CFO role at First Data Corporation.
The ExOne Company (NASDAQ: XONE) announced that Brian W. Smith will join ExOne as Chief Financial Officer and Treasurer on January 1, 2014. John Irvin, the Company’s current Chief Financial Officer and Treasurer, will assume the role of Special Advisor to the Chairman. Upon assuming his new role, he will remain on the Company’s Board of Directors. Brian W. Smith will join ExOne upon departing as an Assurance Client Service Partner with PricewaterhouseCoopers (“PwC”), where he serves in the firm’s Pittsburgh, PA office. Mr. Smith joined PwC in 1984, was admitted as a Partner in 1995. Mr. Smith held various leadership roles within PwC, including leading initiatives in specific consumer and industrial product sectors.
CTS Corporation (NYSE: CTS) announced that Thomas A. Kroll, Vice President and Chief Financial Officer has notified the Company of his intention to retire from the Company, effective March 31, 2014. The Board of Directors has appointed Ashish Agrawal Vice President and Chief Financial Officer of the Company. Mr. Agrawal will serve as both the Company’s principal financial officer and principal accounting officer. Mr. Agrawal was elected Vice President Treasury and Corporate Development on June 13, 2011. Prior to this employment with CTS Corporation, Mr. Agrawal served as Senior Vice President and Chief Financial Officer with Dometic Corporation from December 2007.
Vistronix announced that Holly Asher Beveridge has joined the company as Chief Financial Officer. Prior to joining Vistronix, Beveridge spent the last five years as Chief Financial Officer of Trinity Technology Group, and previous five years as Chief Financial Officer of Dimensions International Inc.
Aratana Therapeutics, Inc. (NASDAQ: PETX) announced that it has appointed Craig Tooman to the position of Chief Financial Officer. Louise Mawhinney, former CFO of Aratana, will remain with the company. Immediately prior to his joining the executive team, Mr. Tooman had served as a Director and Chairman of Aratana’s Audit Committee; he served as a member of the Board of Directors from March 2012 until his appointment as Chief Financial Officer. Mr. Tooman will also transition from his current position of CEO of Avanzar Medical, Inc., an oncology company, to focus on Aratana. Previously, Mr. Tooman held executive positions at large pharmaceutical companies, including Pharmacia and Upjohn, and served as the CFO of Enzon Pharmaceuticals and Ikaria.
Actinium Pharmaceuticals, Inc. (OTC: ATNM) announced the appointment of Richard I. Steinhart to its board of directors (Board). The Board also named Mr. Steinhart as Chairman of the Board’s Audit Committee and a member of the Board’s Compensation Committee. Mr. Steinhart has been employed by MELA Sciences, Inc, as their Vice President, Finance and Chief Financial Officer, Treasurer and Secretary since April 2006 and in April 2012, Mr. Steinhart received a promotion to Sr. Vice President, Finance. From May 1992 until joining the MELA Sciences Mr. Steinhart was a Managing Director of Forest Street Capital/SAE Ventures. Prior to Forest Street Capital/SAE Ventures, he was Vice President and Chief Financial Officer of Emisphere Technologies, Inc. Mr. Steinhart’s other experience includes seven years at CW Group, Inc., a venture capital firm focused on medical technology and biopharmaceutical companies, where he was a General Partner and Chief Financial Officer. Until December 2011, Mr. Steinhart served on the Board of Manhattan Pharmaceuticals, Inc., a biopharmaceutical company and was Chairman of its Audit Committee.
Astrotech Corporation (NASDAQ: ASTC) announced that it has appointed Eric Stober as Chief Financial Officer (“CFO”) of the Company. Mr. Stober joined Astrotech Corporation in August of 2008 as a Senior Staff Financial Analyst. In the same year, he was promoted to Principal Financial Analyst and from 2012 to the present, Mr. Stober served as Vice President of Corporate Development. Prior to joining Astrotech Corporation, he worked at the private equity firm Virtus Financial Group. Additionally, Mr. Stober founded or co-founded several companies, including a web advertising company, a small business tax and financial advisory firm, a sports-based media and entertainment company, and a service provider sourcing company. Mr. Stober began his professional career working for both The Ayco Company, a Goldman Sachs company, and Lehman Brothers.
StemCells, Inc. (NASDAQ: STEM) announced that Greg Schiffman will join its executive team as Chief Financial Officer and Executive Vice President of Finance, effective January 1, 2014. Mr. Schiffman has over fifteen years of experience leading the financial operations and strategy of global publicly-traded companies such as Affymetrix and Applied Biosystems. Most recently, Mr. Schiffman was Executive Vice President and CFO of Dendreon Corporation since 2007. Before entering the healthcare field, Mr. Schiffman held roles of increasing responsibility within Hewlett Packard, where he served as controller of its European P.C. manufacturing and distribution operations in Grenoble, France, and as manufacturing manager and controller of its Netmetrix Division. Mr. Schiffman will succeed Rodney Young, who is leaving the Company to pursue other opportunities.
BG Medicine, Inc. (NASDAQ: BGMD) announced that its Board of Directors has appointed Stephen P. Hall, as the company’s Executive Vice President, Chief Financial Officer. Mr. Hall most recently held the position of Vice President Finance — Treasurer, Principal Financial and Chief Accounting Officer at Stemline Therapeutics. Prior to joining Stemline Therapeutics, Mr. Hall served as Chief Financial Officer at both life science and medical device companies, including Orthocon, Inc., Helicos BioSciences Corporation, TriPath Imaging, Inc., and Colorado MEDtech. Mr. Hall will replace Charles Abdalian, who has served as BG Medicine’s CFO since October 2012.
Ener-Core, Inc. (OTC: ENCR) announced the appointment of Kelly Anderson as Chief Financial Officer and Treasurer of the Company. Previously, between April 2010 and February 2012, Ms. Anderson was the President and Chief Financial Officer of T3 Motion, Inc. Prior to that, Ms. Anderson served as T3’s Executive Vice President and Chief Financial Officer and as a director from January 2009 until January 2010. From 2006 until 2008, Ms. Anderson was Vice President at Experian. From 2004 until 2006, Ms. Anderson was Chief Accounting Officer for TripleNet Properties, G REIT, Inc., T REIT, Inc., NNN 2002 Value Fund, LLC, and Chief Financial Officer of NNN 2003 Value Fund, LLC and A REIT, Inc., all of which were real estate investment funds managed by TripleNet Properties. From 1996 to 2004, Ms. Anderson held senior financial positions with The First American Corp. Ms. Anderson replaces James Thorburn, whose contract as interim CFO was recently completed.
State Fund announced that Dan Sevilla, CFO, will resign from State Fund. Sevilla will step away from overseeing day-to-day operations immediately but will remain available for advice and consultation until the end of the year. The Board announced that it has appointed Pete Guastamachio as interim CFO. Guastamachio joined State Fund in 2009 and is State Fund’s Chief Investment Officer. He has more than 30 years experience in the financial world having served as vice president-assistant portfolio manager for Bank of the West. He also served in a variety of positions with Argonaut Insurance.
Amyris, Inc. (NASDAQ: AMRS) announced that Paulo Diniz, currently President of Amyris Brasil, will become Amyris’s Chief Financial Officer (CFO) on an interim basis following the decision of its current CFO, Steve Mills, to step down for personal reasons. Mr. Diniz will assume the new responsibilities by December 15, 2013, at which time Mr. Mills will transition to an advisory role with the Company. Mr. Diniz will become Amyris’s Chief Financial Officer upon Mr. Mills’ resignation. He joined Amyris as President of the Company’s Brazilian subsidiary in early 2011, following a successful career as, among other things, the CFO of two agribusiness leaders: Bunge Brasil and Cosan.
Save The World Air, Inc. (OTC: ZERO) announced that Greggory M. Bigger, Chief Financial Officer and President was appointed by the Board to serve as the Company’s Chief Executive Officer and Interim Chairman of the Board.
Suburban Propane Partners, L.P. (NYSE: SPH) announced that Michael A. Stivala, Suburban’s Chief Financial Officer will be named President effective April 1, 2014. Mr. Stivala has served in his current position as CFO since October 2007 and, prior to that, held several leadership roles since joining the Partnership in December 2001.
Nelnet (NYSE: NNI) announced that, effective at the beginning of next year, Terry Heimes, currently Nelnet’s Chief Financial Officer (CFO), will be appointed Chief Operating Officer, and Jim Kruger, currently Controller of Nelnet, will be appointed CFO.
Medivation, Inc. (NASDAQ: MDVN) announced that C. Patrick Machado, Medivation’s Chief Business and Financial Officer, advised Medivation that he has made the decision to retire. Mr. Machado has agreed to remain with Medivation on an interim basis while Medivation conducts a search for his replacement.
Digimarc Corporation (NASDAQ: DMRC) appointed Charles Beck to serve as Digimarc’s Chief Financial Officer and Treasurer, replacing Michael McConnnell, who retired from these positions. Mr. Beck joined Digimarc in May 2012 as the company’s Controller. Prior to joining Digimarc, Mr. Beck was a senior manager at KPMG LLP, where he served in various auditing roles since 2002.