CFO Moves this week include:
|John Wiley & Sons, Inc.||H.J. Heinz Company||State Street Corporation|
|Commonwealth Financial Network||LMI||Spectrum Pharmaceuticals|
|WindPower Innovations, Inc.||M*Modal||Fruition Partners|
|Working Solutions||Numerex Corp||Infusionsoft|
|QVC||Unwired Planet||Scholarship America, Inc.|
|Phillips Edison–ARC Shopping Center REIT Inc.||DST Systems, Inc.||PTC Therapeutics, Inc.|
|UniTek Global Services, Inc.||CBS Corporation||QlikTech|
|GulfMark Offshore, Inc.||Eagle Materials Inc.||Salinas Valley Memorial Healthcare System|
|San Francisco State University||Core Molding Technologies, Inc.||PATH|
|Carlile Transportation Systems, Inc.||Brightway Insurance||The Austin Diagnostic Clinic|
|MeetMe, Inc.||Intermolecular, Inc.||Lenco Mobile Inc.|
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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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John Wiley & Sons, Inc. (NYSE: JWa, JWb) named John Kritzmacher, former CFO of Lucent Technologies and Global Crossing, as Executive Vice President and Chief Financial Officer, effective July 1, 2013. As previously announced, Ellis Cousens, Wiley’s current CFO and Chief Operations Officer, will retire at the end of fiscal year 2014. In his prior CFO positions, Mr. Kritzmacher played an integral role in Lucent’s restructuring and 2006 merger with Alcatel. Following the Alcatel-Lucent merger, he was named Chief Operating Officer of the $5 billion Alcatel-Lucent services division, before joining Global Crossing as Chief Financial Officer. Prior to the Alcatel-Lucent merger, he spent over twenty years in various operating, marketing, and finance roles with AT&T and Lucent, including Senior Vice President and Corporate Controller of Lucent from 2001 to 2006. He recently served as Senior Vice President, Business Operations and Organization Planning, at WebMD.
H.J. Heinz Company announced that Paulo Basilio has become Chief Financial Officer of Heinz, effective immediately. Mr. Basilio is a partner at 3G Capital. Previously, he served as CEO of America Latina Logistica (ALL) from 2010 to September 2012, after having served as ALL’s COO, CFO, Commercial Officer and Analyst.
State Street Corporation (NYSE: STT) announced that it has named Michael W. Bell as executive vice president and member of its Management Committee. Bell will assume the role of chief financial officer in August, following the planned retirement of Edward J. Resch (previously announced in November 2012) who has served in the role for eleven years. Bell most recently served as chief financial officer of Manulife Financial Corporation. Prior to Manulife, Bell held senior executive roles spanning a 24-year career at Cigna Corporation including seven years as chief financial officer of the corporation and two years as president of Cigna Group Insurance.
Commonwealth Financial Network announced that Managing Principal, Chief Financial Officer Rich Hunter has been appointed to President and Chief Operating Officer.
LMI named Lori L. Becker as its new Chief Financial Officer. Becker arrives in the role following the announced retirement of Anthony Provenzano, who served as LMI’s CFO for the past 24 years. Becker comes to LMI from Akima, LLC, where she was Vice President, Corporate Controller. Prior to her work with Akima, she performed the same duties with Vangent, Inc., and served as CFO for Deltek Systems, Inc., where she was a finalist for the Northern Virginia Technology Council’s “CFO of the Year” award.
Spectrum Pharmaceuticals (NASDAQ: SPPI) announced the appointment of Kurt Gustafson as the Company’s Executive Vice President, Chief Financial Officer, and Principal Accounting Officer. Spectrum also announced today that Brett Scott, who formerly held the positions of Senior Vice President and Acting Chief Financial Officer and served as the Company’s Principal Accounting Officer, transitioned to the new role of Senior Vice President of Finance and will report directly to Mr. Gustafson. Prior to joining Spectrum, Mr. Gustafson served as Vice President and Chief Financial Officer at Halozyme Therapeutics, Inc. Before Halozyme, Mr. Gustafson worked at Amgen for over 18 years most recently as Vice President, Finance. During his tenure at Amgen, Mr. Gustafson also served as CFO of Amgen International and resided in Zug, Switzerland.
Veracode, Inc. announced that Ed Goldfinger has been appointed CFO. Most recently Goldfinger was the CFO for Boston-based Zipcar. Prior to Zipcar, Goldfinger was the CFO at Spotfire. Prior to Spotfire, he was at Empirix, where Mr. Goldfinger was CFO and then CEO.
WhitePages announced that Jason Eglit has joined its executive team as chief financial officer. Jason most recently served as principal at Bayside (H.I.G.) Capital. Prior to H.I.G., Jason served as senior vice president of finance and operations at AdvancePath Academics, of which he was also co-founder. Jason began his career at Bain & Company.
Gigya announced that it has hired Paul Farmer as Chief Financial Officer. Prior to joining Gigya, Farmer was CFO for Silver Tail Systems, which was acquired by EMC/RSA, and CFO for Narus, Inc., which was acquired by The Boeing Company.
WindPower Innovations, Inc. (PINK: WPNV) announced it has appointed Kelly J. Anderson, as its Chief Financial Officer effective June 29, 2013. Concurrent with her appointment as WindPower Innovation’s Chief Financial Officer Ms. Anderson is also serving since 2012 as the Corporate Controller of Fisker Automotive, Inc., and served on the Board of Directors, Audit Committee Chair, and on the Compensation Committee of the Psychic Friends Network, Inc. from 2012 through May 2013. Prior to joining Fisker Automotive, Ms. Anderson served from 2008 to 2012, first as Executive Vice President, then Chief Financial Officer and finally as President of T3 Motion, Inc. Ms. Anderson also has experience as a financial executive with larger companies such as Experian, and as Chief Accounting officer of Triple Net Properties where she was an officer of such publicly traded entities as G REIT, Inc., NNN 2002 Value Fund, and NNN 2003 Value Fund.
M*Modal announced that Ron Scarboro, Chief Financial Officer, is appointed Chief Operating Officer of M*Modal. He replaces Amy Amick, who has decided to leave the company. David Woodworth, currently Vice President, Finance, will assume the role of Acting CFO.
Fruition Partners announced the appointment of Dave Chandler as Chief Financial Officer (CFO). Most recently, Mr. Chandler was responsible for finance, legal and operational functions as Senior Vice President of Finance and Operations at Razorfish. Prior to Razorfish, Mr. Chandler was corporate controller and head of financial planning and analysis at Diamond Management and Technology Consultants. He began his career with Andersen Consulting and the investment bank Smith Barney Shearson.
Working Solutions said it has named Thomas Kim chief financial officer. Tom joins Working Solutions from Dallas-based MHT Partners. Prior to becoming a principal at MHT, Tom served as a management consultant with the Boston Consulting Group and as an investment banker with Citigroup IBD.
Numerex Corp. (NASDAQ: NMRX) announced that Alan Catherall, Chief Financial Officer (CFO) for over 10 years, will assume responsibilities of Executive Vice-President of Corporate Development. The company also announced that Richard (Rick) Flynt has been appointed as CFO. Rick joins Numerex most recently from Immucor Inc. where he served as its CFO. He joined Immucor in December 2007. Prior to Immucor, Rick held positions of increasing responsibility in financial leadership at Exide Technologies, GTS Energy and Per-Se Technologies.
Infusionsoft announced the addition of Brent Stumme as the company’s chief financial officer. Stumme previously served as CFO of LoopNet. Prior to that, he spent time as the vice president corporate controller for CalMat. Stumme also oversaw the accounting processes for the international operations of the Disney Consumer Products Division, and had managed financial planning and accounting functions for a division of Coca-Cola Enterprises.
QVC announced the appointment of Ted Jastrzebski to the position of Chief Financial Officer. Most recently he served as Senior Vice President and President of Hershey Americas. Jastrzebski started his career and spent 14 years at Procter & Gamble, where he held various financial management positions. He also served as Vice President and CFO at Project HOPE, and Senior Vice President and CFO at CARE. Jastrzebski succeeds Dan O’Connell, a 25-year QVC veteran. QVC announced in August 2012 O’Connell’s plan to retire in Spring 2013. His official retirement date was May 31, 2013.
Unwired Planet, Inc. (NASDAQ: UPIP) announced that Eric Vetter, chief financial officer, will be promoted to president and will also continue in his capacity as chief administrative officer and chief financial officer.
Scholarship America, Inc. announced that Richard S. (Rick) Greene has joined the organization as Chief Financial Officer. Greene was most recently Chief Financial Officer for APR Energy PLC. Prior to his position at APR Energy, Greene held CFO positions at Deluxe Corporation and TYCO International/Covalence Specialty Materials Corp.
Phillips Edison–ARC Shopping Center REIT Inc. announced that Devin I. Murphy has joined the Company as its Chief Financial Officer, Treasurer and Secretary. Prior to joining Phillips Edison-ARC, Mr. Murphy was Vice Chairman of Investment Banking at Morgan Stanley. In 2004, Mr. Murphy joined Deutsche Bank (DB) Securities, Inc. as Global Head of Real Estate Investment Banking. Prior to rejoining Morgan Stanley in 2009, Mr. Murphy became a Managing Partner of Coventry Real Estate Advisors. Mr. Murphy is an Advisory Director of Hawkeye Partners, a real estate private equity firm headquartered in Austin, Texas, and Trigate Capital, a real estate private equity firm headquartered in Dallas. He is a member of the Urban Land Institute, the Pension Real Estate Association and the National Association of Real Estate Investment Trusts.
DST Systems, Inc. (NYSE: DST) announced that Kenneth V. Hager, Vice President, Chief Financial Officer and Treasurer, plans to retire after 29 years of service to the Company, of which he has served for 25 years as CFO. Mr. Hager will continue in his current role until a successor is appointed.
PTC Therapeutics, Inc. announced the appointment of Shane Kovacs as Chief Financial Officer. Prior to joining PTC, Mr. Kovacs served as Managing Director, Health Care Investment Banking at Credit Suisse. He joined Credit Suisse in 2004 and held various positions of increasing responsibility. Prior to Credit Suisse, Mr. Kovacs worked in investment banking at National Bank Financial in Toronto.
UniTek Global Services, Inc. (NASDAQ: UNTK) announced the appointment of Andrew J. Herning as the Company’s Chief Financial Officer. Kenneth J. Cichocki, who joined the Company as Interim Chief Financial Officer on April 15, 2013, will assist Mr. Herning as needed in order to ensure an orderly transition. Mr. Herning joins UniTek from AS America, Inc. (American Standard Brands) where he most recently served as interim CFO. Before being named interim CFO in 2012, he held senior-level positions leading the finance function for American Standard’s Fixtures and Chinaware business units, and previously served as the Global Controller of American Standard Companies’ bath and kitchen division. Prior to American Standard, Mr. Herning spent 11 years at KPMG LLP and Arthur Andersen LLP providing audit and advisory services.
CBS Corporation (NYSE: CBS.A and CBS) announced that Joseph Ianniello has been named Chief Operating Officer. Ianniello was named Chief Financial Officer of CBS Corporation in 2009. Before that, he served as Deputy Chief Financial Officer. Prior to that, Ianniello served as Senior Vice President, Chief Development Officer and Treasurer. Before the separation of CBS and Viacom Inc., Ianniello held several key roles at Viacom, including Senior Vice President and Treasurer (2005) and Vice President of Corporate Development (2000-2005).
QlikTech (NASDAQ: QLIK) announced that Tim MacCarrick will become its Chief Financial Officer (CFO) effective July 1, 2013. MacCarrick’s background includes both chief financial officer and chief operating officer positions at Fortune 1000 companies, including Crane Co. (NYSE: CR), where he was corporate vice president and CFO, and Xerox (NYSE: XRX), where he served in a variety of financial executive positions over a 20-year period, including corporate vice president and vice president finance, Xerox North America; and CFO, Xerox Europe. He most recently served as chief operating officer, global vendor finance for De Lage Landen International B.V., a global financing business with a portfolio of over $30 billion across 35 countries. Bill Sorenson, QlikTech’s current CFO, who in February, 2013 announced his plan to exit the Company, will work with MacCarrick to ensure a smooth transition.
GulfMark Offshore, Inc. (NYSE: GLF) announced that it has appointed James (Jay) M. Mitchell as Executive Vice President and Chief Financial Officer (CFO). Mr. Mitchell replaces Quintin Kneen who, as previously announced, assumed the role of President and Chief Executive Officer (CEO). Mr. Mitchell’s most recent experience was as CEO of the privately held Flex Energy. Previously, Mr. Mitchell worked as Senior Vice President & CFO of T-3 Energy Services.
Eagle Materials Inc. (NYSE: EXP) announced that it has appointed Martin M. Ellen to its Board of Directors. Mr. Ellen is Chief Financial Officer and Executive Vice President at Dr Pepper Snapple Group, Inc., where he has worked for three years. Prior to his work with Dr Pepper Snapple Group, Mr. Ellen served for almost eight years as the Chief Financial Officer and Senior Vice President – Finance of Snap-on Inc.
Salinas Valley Memorial Healthcare System (SVMHS) has named Augustine Lopez as Chief Financial Officer (CFO). Lopez joins SVMHS from Southern California where he was CFO for San Gabriel Valley Medical Center, owned by AHMC Healthcare, Inc. Lopez has held several CFO positions including: Redlands Community Hospital, Alvarado Hospital Medical Center, West Penn Hospital & Allegheny General Hospital and Greater El Monte Community Hospital. Lopez replaces Robert Dvorak who came out of retirement to serve as interim CFO for two years.
San Francisco State University announced the appointment of Ronald Cortez as Vice President for Administration and Finance and Chief Financial Officer. Cortez currently serves as the associate vice chancellor for administrative services at the University of California, Santa Barbara, a position he has held since 2008. He previously worked for fourteen years for Santa Barbara County, the last three as deputy county executive officer. He will begin his tenure at SF State on July 2, taking over from Nancy Hayes, who in 2011 was appointed to the position on an interim basis after serving as dean of the College of Business for six years.
Core Molding Technologies, Inc. (NYSE: CMT) announced that it has begun efforts to replace its Chief Financial Officer, Herman F. Dick, Jr., who informed the Company of his intention to leave his current position in the next few months in order to join the ministry. Dick joined the Company in 1999 and has been Core’s Chief Financial Officer since 2002.
PATH announced that Olivia Polius will join its executive team as chief financial officer. Most recently, Ms. Polius served as deputy director, global program services, at the Bill & Melinda Gates Foundation. Prior to this, Ms. Polius worked in numerous senior level financial positions at Attachmate. Prior to her work at Attachmate, Ms. Polius held financial management positions at WRQ Software Europe, Bsquare Corporation, Arthur Andersen, and as an independent financial consultant for start-up companies.
Brightway Insurance named Robert “Bob” Taylor as the company’s new chief financial officer. Prior to accepting the position at Brightway, Taylor was the president and CFO leader at ExpressTax (a wholly-owned subsidiary of H&R Block) and the CFO of Universal Tax Systems.
The Austin Diagnostic Clinic (ADC) announced that John Ratcliff has joined the group as Chief Financial Officer. Mr. Ratcliff succeeds Patrick Jupe, who served the clinic for 27 years before his retirement in April 2013. Mr. Ratcliff recently served as chief financial officer of physician services for the Baptist Health System in San Antonio overseeing a group of 130 physicians. His previous experience includes practice management for HeartPlace in Dallas, TX; followed by a position at Seton in Austin, TX; and he served as chief financial officer at Kings Daughters Clinic in Temple, TX for nine years.
MeetMe, Inc. (NYSE: MEET) appointed Jean Clifton to its Board of Directors. Ms. Clifton will serve on the Audit Committee of the Board. Ms. Clifton is the Chief Financial Officer of Dial Global, Inc., a position she has held since June 25, 2012. From July 1986 through June 2006, Ms. Clifton worked for Journal Register Company (JRC) and its predecessor companies, in various capacities in the U.S. and Europe, including President and Chief Operating Officer (2005-06) and Executive Vice President, Chief Financial Officer and Treasurer from 1989 to 2005. After leaving JRC, Ms. Clifton founded Platinum Strategic Partners, a financial and operations consulting firm. Ms. Clifton has held Chief Financial Officer/Chief Accounting Officer positions at Readers’ Digest and three MidOcean Partners portfolio companies.
Intermolecular, Inc. (NASDAQ: IMI) announced that Peter Eidelman, the principal financial and accounting officer, notified the Company that he will resign from his position as the Chief Financial Officer of the Company to pursue other interests. Mr. Eidelman’s resignation will be effective August 2, 2013. In order to facilitate an orderly transition, the Company also announced that Reed Birnbaum, the Company’s Vice President of Finance and Corporate Controller will upon the Effective Date assume the duties of the Company’s principal financial and accounting officer on an interim basis until such time as the Company appoints a new Chief Financial Officer. Mr. Birnbaum was formerly Corporate Controller at Better Place, Inc., BigBand Networks, Inc., and Cellon International and began his career with KPMG LLP.
Lenco Mobile Inc. (OTC: LNCM) announced that Doug Durst was appointed to the position of Chief Financial Officer. Before joining the Company, Mr. Durst was the CFO at Visible Technologies, a partner at Tatum, the CFO/COO at Africa Ten Enterprise, President/CFO at Chase Innovations, and was the Director of Business Performance at Microsoft.
Compuware Corporation (NASDAQ: CPWR) announced that Laura Fournier, the Executive Vice President and Chief Financial Officer, retired from the Company. Joseph Angileri, the Company’s President and Chief Operating Officer, has been appointed by the Board to serve as the Company’s Chief Financial Officer. Mr. Angileri, 55, joined the Company in June 2011 as President and Chief Operating Officer. Prior to joining the Company, Mr. Angileri had more than 26 years of professional experience with Deloitte LLP, including more than 20 years as a partner there, most recently as Managing Partner of the Michigan region.