CFO Moves this week include:
|Groupon||The Walt Disney Company||Time Warner Cable Inc.|
|Neiman Marcus Group LTD LLC||Wolverine Worldwide||E*TRADE Financial Corporation|
|LPL Financial LLC||DICK’S Sporting Goods, Inc.||Alico, Inc.|
|Verso Corporation||Packaging Corporation of America||Coupa Software|
|Halozyme Therapeutics, Inc.||Seminole Gaming||Interlink Electronics, Inc.|
|Ovid Therapeutics Inc.||Second Sight Medical Products, Inc.||W. R. Berkley Corporation|
|Cimarex Energy Co.||Howard Midstream Energy Partners, LLC||BioClinica®, Inc.|
|Multi-Fineline Electronix, Inc.||National American University Holdings, Inc.||Sparton Corporation|
|Rush Street Gaming||American Systems||Univita Health|
|Purdue Pharma||Eisai Inc.||CloudHelix|
|Anacor Pharmaceuticals, Inc.||ArQule, Inc.||Carpenter Technology Corporation|
|Ryerson Holding Corporation||ZAIS Financial Corp.||Flotek Industries, Inc.|
|Rightscorp||New York REIT, Inc.||Griffon Corporation|
|AgJunction Inc.||Abiomed, 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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Groupon announced that Chief Financial Officer Jason Child will be leaving the company at the end of July to relocate to the west coast. Brian Kayman, VP of Tax and Treasury, will serve as interim CFO.
The Walt Disney Company (NYSE: DIS) announced that James A. Rasulo will step down as chief financial officer effective June 30, 2015.
Time Warner Cable Inc. (NYSE: TWC) announced that Executive Vice President and Chief Financial Officer Arthur Minson will leave the company. He will remain as an advisor to the company until the Charter transaction closes. Serving as acting co-CFOs in his place will be William F. Osbourn, Jr., who currently serves as Senior Vice President-Controller and Chief Accounting Officer, and Matthew Siegel, who currently serves as Senior Vice President and Treasurer. Mr. Minson will join WeWork as President and Chief Operating Officer. Both Mr. Osbourn and Mr. Siegel will retain their current titles and responsibilities, in addition to their co-CFO duties. Mr. Osbourn has served as Senior Vice President–Controller and Chief Accounting Officer for Time Warner Cable since 2008. In this role, Mr. Osbourn oversees the Company’s accounting function, including operations. He joined Time Warner Cable in 2003 as Vice President of Technical Accounting. Prior, Mr. Osbourn served for two years as Executive Director for External Financial Reporting and Accounting Policy at Time Warner Inc. Before joining Time Warner, Mr. Osbourn spent 14 years at PricewaterhouseCoopers LLP in roles of increasing responsibility and was admitted to partnership in 2000. Mr. Siegel has served as Senior Vice President and Treasurer of Time Warner Cable since 2008. Mr. Siegel joined Time Warner Cable from Time Warner Inc., where he was Vice President and Assistant Treasurer. Before joining Time Warner in 2001, he was Senior Vice President of Finance and Treasurer of Insight Communications. Previously, he worked for nine years at Joseph E. Seagram & Sons, Inc. as Assistant Treasurer.
Neiman Marcus Group LTD LLC announced that, effective June 15, 2015, Donald T. Grimes will be joining the company as Executive Vice President, Chief Operating Officer and Chief Financial Officer. Mr. Grimes will succeed Jim Skinner, who will continue to be part of the company’s management team in the newly created role of Vice Chairman, Neiman Marcus Group. Mr. Grimes joins Neiman Marcus Group from Wolverine World Wide, Inc. where he was Senior Vice President, Chief Financial Officer and Treasurer. Prior to Wolverine, Mr. Grimes held leadership and executive level positions at Keystone Automotive Operations and Brown-Forman Corporation. He started his career with Coopers & Lybrand.
Wolverine Worldwide (NYSE: WWW) announced the appointment of Michael D. Stornant to the position of Senior Vice President, Chief Financial Officer and Treasurer, effective June 12, 2015. He will succeed Donald T. Grimes, who has resigned his position to become Executive Vice President, Chief Operating Officer and Chief Financial Officer for the Neiman Marcus Group. Mr. Stornant is a 19-year veteran of the Company and most recently served as Vice President of Corporate Finance. Mr. Stornant has held numerous and increasingly significant operations and financial roles within the Company over the past two decades, including Vice President and General Manager of the Bates brand, Senior Vice President of Finance and Administration for the Global Operations Group, Vice President of Corporate Planning and Analysis, Senior Vice President of Manufacturing Operations, and Director of Internal Audit. Prior to Wolverine Worldwide, Mr. Stornant was a Certified Public Accountant with Ernst & Young.
E*TRADE Financial Corporation (NASDAQ: ETFC) announced that Chief Financial Officer Matthew J. Audette advised the Company of his decision to leave to accept a role with another company. After 16 years of service, Mr. Audette will leave the Company at the end of July. Current Chief Risk Officer and E*TRADE veteran Michael A. Pizzi will assume the Chief Financial Officer role, effective June 16. Mr. Pizzi has served as Executive Vice President and CRO since January 2014, having been with E*TRADE since 2003. He also served as Treasurer of E*TRADE Bank from 2008 to 2013. He took on additional responsibilities as Corporate Treasurer in 2011. Prior to these roles, he held various positions in E*TRADE’s portfolio management and derivatives functions. Before joining E*TRADE, Mr. Pizzi worked in asset / liability management at both Lehman Brothers and First Maryland Bank, as well as in capital markets research for the Federal Reserve Board.
LPL Financial LLC, a wholly owned subsidiary of LPL Financial Holdings Inc. (NASDAQ: LPLA) announced that it has named Matthew Audette as its new chief financial officer. Audette fills the role previously held by current LPL President Dan Arnold and will join the firm effective Sept. 28, 2015. Audette comes to LPL Financial from E*TRADE Financial Corporation, where he most recently served as executive vice president and chief financial officer. Audette joined E*TRADE in 2000, where he served as controller in the Capital Markets department. He began his career with KPMG in Washington, D.C., in its financial services practice.
DICK’S Sporting Goods, Inc. (NYSE: DKS) announced that Teri L. List-Stoll will join the company in August 2015 as Executive Vice President, Chief Financial Officer. Prior to joining the Company, she was employed by Kraft Foods Group from September 2013 to May 2015. Ms. List-Stoll served as Executive Vice President and Chief Financial Officer from December 2013 to February 2015. Ms. List-Stoll then transitioned to Senior Advisor from February 2015 to May 2015. Before her role as Executive Vice President and Chief Financial Officer, she served as Senior Vice President of Finance from September 2013 to December 2013. Prior to Kraft Foods, Ms. List-Stoll served as Senior Vice President and Treasurer at The Procter & Gamble Company (P&G), which she joined in 1994. Before joining P&G, she was with Deloitte & Touche LLP for over nine years. Ms. List-Stoll currently serves on the Board of Directors for Microsoft Corporation and Danaher Corporation. Andre J. Hawaux, the Company’s Executive Vice President, Chief Operating Officer/Chief Financial Officer, will continue to serve in the Chief Financial Officer role until Ms. List-Stoll assumes the role of Chief Financial Officer. Mr. Hawaux will then continue to serve as the Company’s Executive Vice President, Chief Operating Officer and will be responsible for Store Operations, Real Estate, Information Technology and Human Resources.
Alico, Inc. (NASDAQ: ALCO) announced that John E. Kiernan will join the company as Senior Vice President and Chief Financial Officer. He succeeds W. Mark Humphrey, who has resigned to pursue new opportunities outside of Alico. Mr. Kiernan most recently served as a Managing Director and the Chief Financial Officer of Greenwich Associates LLC. In 2009, he joined Global Crossing as a Senior Vice President and served as Global Treasurer through the sale of the company to Level 3 Communications in 2011. Mr. Kiernan held a variety of Corporate Development, Treasury and Investor Relations positions at Misys plc in New York and London from 2007 to 2009. He began his career as an investment banker at Bear Stearns, serving there for 11 years and becoming a Managing Director.
Verso Corporation (NYSE: VRS) announced that Robert P. Mundy, its Senior Vice President and Chief Financial Officer, has decided to leave the company to take a similar position with Packaging Corporation of America.
Packaging Corporation of America (NYSE: PKG) announced the appointment of Robert P. (Bob) Mundy as Senior Vice President and Chief Financial Officer effective September 1, 2015. Mr. Mundy will begin his employment with PCA on July 1, 2015. He has served as Verso Corporation’s Senior Vice President and Chief Financial Officer since 2006. Before that, he worked for more than 20 years with International Paper Company in various positions of increasing responsibility. Richard B. (Rick) West, PCA’s CFO since 1999, will remain an employee of PCA in an advisory capacity through his planned retirement date of March 1, 2016.
Coupa Software announced the appointment of Todd Ford as chief financial officer. Most recently, he served as CFO of MobileIron. Prior to joining MobileIron, Mr. Ford was a Founding General Partner at Broken Arrow Venture Capital. He also previously served as CFO of Rackable Systems Inc. (now Silicon Graphics International Corp).
Halozyme Therapeutics, Inc. (NASDAQ: HALO) announced its chief financial officer David Ramsay will retire this summer, and named biotech veteran Laurie Stelzer as his successor. Stelzer will assume CFO duties on June 15 and will work with Ramsay through a transition period. Most recently at Shire, Stelzer served as senior vice president of Finance for R&D, Technical Operations and Business Development, and was previously Division CFO for Regenerative Medicine. Before Shire, she spent 15 years at Amgen, in senior leadership roles in finance and business development with responsibilities including the U.S., Canada and International Markets, ultimately serving as the company’s acting treasurer.
Seminole Gaming announced that John R. Eder has been promoted to Chief Financial Officer. Eder joined Seminole Gaming in June 2002, working as vice president of finance in the Gaming Division and at Seminole Hard Rock Hotel & Casino in Tampa. He later served as senior vice president of finance for Seminole Gaming. Prior to joining Seminole Gaming, Eder was vice president – finance of Kerzner International, owner and operator of the Atlantis Resort on Paradise Island in the Bahamas. He has also held management positions with Walt Disney World, Vesuvius USA and Coopers & Lybrand, now part of PwC.
Interlink Electronics, Inc. (OTC: LINK) announced that Tracy Kern has been appointed the Company’s Chief Financial Officer. Ms. Kern was previously the Corporate Controller of Vitesse Semiconductor Corporation. Prior to Vitesse, Ms. Kern was the Chief Financial Officer for Chad Therapeutics.
Ovid Therapeutics Inc. announced the appointment of Yaron Werber, M.D., MBA, to the position of Chief Financial Officer, replacing interim CFO Mark Feldberg, who will continue in his role at TradeLink. Prior to joining Ovid, Dr. Werber was a Managing Director at Citi Research, and the Head of the Healthcare and Biotech Equity Research teams. Previously, Dr. Werber was Senior Biotech Analyst and Vice President at SG Cowen Securities. He began his career in academic research, was director of business development at NotifyMD, and also consulted to leading healthcare organizations.
Second Sight Medical Products, Inc. (NASDAQ: EYES) announced that Matthew J. Pfeffer, Corporate Vice President and Chief Financial Officer of MannKind Corporation, has been appointed to its Board of Directors. Since 2008, Mr. Pfeffer has been Corporate Vice President and Chief Financial Officer of MannKind Corporation. Previously, Mr. Pfeffer served as Chief Financial Officer and Senior Vice President of Finance and Administration of VaxGen, Inc. Prior to VaxGen, Mr. Pfeffer served as CFO of Cell Genesys, Inc. where during his nine year tenure he served as Director of Finance before being named CFO in 1998. Mr. Pfeffer previously served in a variety of financial management positions at other companies, including roles as Corporate Controller, Manager of Internal Audit, and Manager of Financial Reporting.
W. R. Berkley Corporation (NYSE: WRB) announced the appointment of Eugene G. Ballard to the office of executive vice president. Mr. Ballard has been with the Company since 1999, serving as senior vice president and chief financial officer. He has over 40 years of experience in the accounting and finance profession, including more than 25 years in the property and casualty insurance industry.
Cimarex Energy Co. (NYSE: XEC) announced that its Chief Financial Officer, Paul Korus, has informed management and the Board of Directors of his plans to retire on or before September 1, 2015. Cimarex also announced the appointment of Mark Burford as its Chief Financial Officer effective as of Mr. Korus’ retirement. Mr. Burford joined Cimarex in 2005 and is currently serving as Vice President of Capital Markets and Planning.
Howard Midstream Energy Partners, LLC announced the appointment of Scott Archer as chief financial officer and senior vice president. He assumes this role from Larry Murphy, who has left the company to pursue other opportunities. Archer comes to HEP from Tudor, Pickering Holt & Co. (TPH) where he spent two years as managing director of investment banking. Prior to TPH, Archer spent 13 years with Bank of America Merrill Lynch, ultimately as a managing director with the firm’s Global Energy & Power Group.
BioClinica®, Inc. announced that David Peters has been named Executive Vice President and Chief Financial Officer (CFO). He was most recently CFO at WCCT Global. Prior to this he was Senior Vice President of Commercial and Corporate Development and CFO of the Late Phase Clinical Group at inVentiv Health. Additionally Peters spent 15 years at ICON Clinical Research where he held the positions of Senior Vice President of Global Finance, Vice President of Finance North and South America, and Controller. Peters replaces Executive Vice President and CFO Ted Kaminer, who is retiring after 12 years with the company.
Multi-Fineline Electronix, Inc. (NASDAQ: MFLX) announced that it has named Thomas Kampfer as its new Chief Financial Officer and Executive Vice President. Most recently, Kampfer served as president of CohuHD. Prior to this, he was president and chief executive officer of H2O Audio, Inc. from 2010 to 2012. Kampfer also held numerous executive roles at Iomega Corporation from 2001 to 2009, including serving as its president and chief financial officer.
National American University Holdings, Inc. (NASDAQ: NAUH) announced that it has appointed Dr. David K. Heflin as the Company’s Chief Financial Officer. From 1997 to 1999, he led the financial planning, budgeting, reporting, and controller function at ICG Telecom Group, Inc., a former subsidiary of ICG Communications, Inc., then a publicly traded company that specialized in converged voice and data services for businesses. From 1988 to 1997, Dr. Heflin served in various positions of increasing responsibility in accounting and strategic planning at BellSouth Telecommunications, Inc. Dr. Heflin most recently served as campus president at Colorado Technical University’s Sioux Falls, South Dakota, campus. From 2005 to 2008, Dr. Heflin served as vice president for business and operations at Clayton State University in Morrow, Georgia. From 2001 to 2005, Dr. Heflin served as chief financial officer and chief operating officer at University of Sioux Falls.
Sparton Corporation (NYSE: SPA) announced that Don Pearson, Senior Vice President and Chief Financial Officer of Sparton Corporation, will be leaving, effective June 9, 2015, in order to accept a position as Chief Financial Officer of a private equity-backed company. Cary Wood, President and CEO, will serve as interim principal financial officer for the Company.
Rush Street Gaming has tapped the CFO of its two Pennsylvania casinos to lead the company’s newest property in Upstate New York. Mary Cheeks, who currently serves as chief financial officer and senior vice president of finance for Rivers Casino in Pittsburgh and SugarHouse Casino in Philadelphia, will be the General Manager of Rivers Casino in Schenectady. Mary Cheeks launched her gaming career in Atlantic City as an auditor for Resorts International Casino & Hotel in the mid-1980s. After earning several promotions, Mary left Resorts to be the director of finance at SMG, an agent for the Atlantic City Convention Center. From SMG, she moved to Showboat and then Harrah’s, where she served as regional vice president and CFO. Mary joined Rush Street Gaming in 2010 as vice president of finance for SugarHouse Casino in Philly. Soon thereafter, her responsibilities grew to include leading the finance department at Rivers Casino in Pittsburgh.
American Systems announced that Peter Whitfield has been named Chief Financial Officer (CFO), effective June 24. Whitfield will replace the company’s long-time CFO, Mark Danisewicz, who is retiring on July 10. Whitfield was most recently CFO of Shared Spectrum Company. Prior to his tenure at Shared Spectrum, Whitfield held executive leadership positions in companies including UNICOM Government, Inc. (formerly GTSI), InPhonic, Morgan Franklin, Broadwing, Inc., and MCI.
Univita Health has appointed Jack S. Greenman as its Chief Financial Officer. Prior to joining Univita, Greenman served as the Executive Vice President and Chief Financial Officer at Scott Holdings, LLC. He previously served as the Executive Vice President and Chief Financial Officer at Florida Healthplan Administrators, LLC. Greenman has also served as Chief Financial Officer at PhyAmerica Physician Services, LLC, and Cyber, Inc.
Purdue Pharma announced that Jean-Jacques “JJ” Charhon has joined the company as Executive Vice President and Chief Financial Officer. JJ joins Purdue from Cnova where he served as Executive Vice President and Chief Financial Officer. Prior to joining Cnova, JJ worked for four years for Hewlett Packard, where he joined as Chief Financial Officer of the PC division before becoming Chief Operating Officer of Enterprise Services. This role followed eight years at General Electric and four years at Novartis. His last role at Novartis was Global Head of Business Planning, Analysis & Investor Relations.
Eisai Inc., the U.S. pharmaceutical subsidiary of Eisai Co., Ltd., announced the appointment of Ivor Macleod to the position of Senior Vice President, Chief Financial Officer (CFO) and Chief Compliance Officer. Most recently, he served as Vice President of Finance for the global research and development division of Merck & Co. Earlier in his career, Mr. Macleod spent 20 years with Hoffmann La Roche and Boehringer Mannheim Therapeutics, where he served in CFO roles within the United States and Germany as well as a member of the integration team that worked to bring the companies together via a merger in 1997.
CloudHelix announced that Jesper Stroe will join the company’s leadership team as Chief Financial Officer. Prior to joining CloudHelix, Stroe spent the last couple of years as Chief Financial Officer of Agari Data. Before that, he held numerous financial leadership and executive advisory roles at companies such as DtecNet (acquired by Thomson Reuters), and Cemaphore Systems (acquired by Sparxent). Stroe also co-founded TouchWave (acquired by Ericsson) and Adomo (acquired by Avaya) that built one of the first Unified Messaging platforms for Microsoft Exchange.
Anacor Pharmaceuticals, Inc. (NASDAQ: ANAC) announced that Graeme Bell will join Anacor as its new Executive Vice President and Chief Financial Officer. Mr. succeeds Geoffrey M. Parker, who will remain with Anacor as a consultant to support the transition. Mr. Bell joins Anacor from Merck & Co., Inc., where he served since 2010 as its Vice President, Country CFO, U.S. Human Health. Prior to his most recent role, Mr. Bell served in a number of positions of increasing responsibility at Merck, including as its Global Pharmaceutical Franchises Controller from 2009 to 2010, Country CFO, U.K. from 2008 to 2009 and Global Head of Investor Relations from 2004 to 2008.
ArQule, Inc. (NASDAQ: ARQL) announced that Robert J. Weiskopf has been appointed chief financial officer. Mr. Weiskopf was previously vice president of finance, corporate controller and treasurer of ArQule. Prior to joining the Company in 2007, Mr. Weiskopf was chief financial officer of Aware Inc. from 2004 until 2006. Prior to that, Mr. Weiskopf was director of finance at Lightbridge, Inc. from 2000 to 2004.
Carpenter Technology Corporation (NYSE: CRS) announced that its Board of Directors has appointed Tony R. Thene as Carpenter’s President, Chief Executive Officer (CEO) and member of the Board of Directors, effective July 1, 2015. Thene currently serves as Senior Vice President and Chief Financial Officer of Carpenter Technology Corporation, where he has served since January 31, 2013. Tim Lain, who joined Carpenter in June, 2007 and is currently Carpenter’s Vice President—Controller and Chief Accounting Officer, will serve as acting Chief Financial Officer. Lain has had progressively responsible roles in Carpenter’s financial organization since joining the Company, and he has prior experience as the Audit Director for McGladrey & Pullen. Thene joined Carpenter after 23 years with Alcoa Inc., where he most recently served as the Chief Financial Officer for Alcoa’s Engineered Products and Solutions (EPS) business.
Ryerson Holding Corporation (NYSE: RYI) announced the appointment of Erich S. Schnaufer to the position of interim chief financial officer. Mr. Schnaufer is currently the company’s controller and chief accounting officer. He succeeds Edward J. Lehner who was appointed as the company’s president and CEO. Mr. Schnaufer joined Ryerson in 2005 and was promoted in 2007 to controller and chief accounting officer. Prior to joining Ryerson, Mr. Schnaufer held senior financial and accounting management roles at several public companies including Alternative Resources Corporation and Midway Games.
ZAIS Financial Corp. (NYSE: ZFC) announced that it has elected Donna J. Blank as the Company’s Chief Financial Officer and Treasurer. Ms. Blank replaces Paul McDade, who has assumed the position of Managing Director for Special Projects within ZAIS Group, LLC primarily related to new business activities. Prior to joining the Company, Ms. Blank served as the Executive Vice President and Chief Financial Officer of NFP Corp. from 2008 to 2013. From 2003 to 2008, Ms. Blank was the Chief Financial Officer of Financial Guaranty Insurance Company (FGIC), both before and subsequent to its sale by GE Capital to an investor group. Previously, she served in finance roles at FGIC, GE Capital Insurance Services. Ms. Blank has also been elected Chief Financial Officer by the Board of Directors of ZAIS Group Holdings, Inc., a NASDAQ listed company which controls ZAIS Group, LLC.
Flotek Industries, Inc. (NYSE: FTK) announced the appointment of Robert M. Schmitz as Executive Vice President and Chief Financial Officer, succeeding H. Richard Walton, who has been named Chief Financial Officer Emeritus and will remain a key part of Flotek’s financial leadership team. Mr. Schmitz served as Flotek’s Vice President and Corporate Controller since June, 2013. Prior to joining Flotek, Mr. Schmitz served as Vice President and Chief Accounting Officer at Champion Technologies Inc. Mr. Schmitz also worked at Shell Oil Company, ultimately serving as Chief Financial Officer of the Shell Energy Services division. He also worked as Accounting Director at Dynegy.
Rightscorp (OTC: RIHT) announced that it has hired a new chief financial officer, Cecil Bond Kyte. He was CEO and Chairman of Save the World Air, Inc. Mr. Kyte has recent experience as both an investor and producer on several Hollywood projects.
New York REIT, Inc. (NYSE: NYRT) announced that Gregory W. Sullivan has resigned and will be leaving the Company to pursue other interests. Nick Radesca, the Company’s former CFO, will serve in as CFO in an interim capacity.
Griffon Corporation (NYSE: GFF) announced that Brian G. Harris has been named Senior Vice President and Chief Financial Officer. Mr. Harris has served as Vice President and Controller of Griffon since November 2012, and as Chief Accounting Officer since July 2009. Mr. Harris will succeed Douglas J. Wetmore, currently Executive Vice President and Chief Financial Officer, who will be retiring effective July 31, 2015.
AgJunction Inc. (TSX: AJX) announced that Wes Dittmer will be stepping down as Senior Vice President and Chief Financial Officer of the Company effective June 12, 2015 to pursue a new opportunity. Stacy Monier, the Controller of the Company, will fill this role on an interim basis.
Abiomed, Inc. (NASDAQ: ABMD) announced that Robert Bowen, the Company’s Vice President and Chief Financial Officer since 2008, will retire from Abiomed next month and that Michael Tomsicek will be appointed as Vice President and Chief Financial Officer, effective July 15, 2015. Mr. Bowen will continue to support the Company in a consulting role to facilitate a smooth transition. Mr. Tomsicek joins Abiomed after he most recently served as CFO of Cubist Pharmaceuticals. Prior to Cubist, Mr. Tomsicek spent nearly eight years at General Electric Healthcare, initially as finance manager of its global operations, and then as CFO of two of its largest businesses. Previously, Mr. Tomsicek served in a variety of financial and operational roles at Motorola.