CFO Moves this week include:
|Time Warner Cable||Comcast Corporation||Yodlee|
|BioTime, Inc.||PDL BioPharma, Inc.||Cyalume Technologies Holdings, Inc.|
|Clean Power Finance||bebe stores, inc.||AmeriGas Propane Inc.|
|GEO Semiconductor Inc.||Bulova Technologies Group, Inc.||ENSERVCO Corporation|
|FacilitySource||Community Trust Bancorp, Inc.||SBT Bancorp, Inc.|
|UQM Technologies, Inc.||AdCare Health Systems, Inc.||Schedulicity, Inc.|
|Capital Group Holdings, Inc.||FreightCar America, Inc.||K12 Inc.|
|Contec Holdings, Ltd.||DICK’s Sporting Goods, Inc.||Brand USA|
|SnapLogic||Callidus Software Inc.||CVS Caremark Corporation|
|CKX Lands, 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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Time Warner Cable announced that Arthur T. Minson, Jr. has been named Executive Vice President and Chief Financial Officer. The company also announced that Irene M. Esteves will be leaving the company. Mr. Minson rejoins Time Warner Cable from AOL Inc., where he served since 2009 in a number of senior management roles, including Chief Operating Officer and Chief Financial and Administrative Officer. Mr. Minson joined Time Warner Cable in 2006 as Senior Vice President of Finance and became Executive Vice President and Deputy CFO in 2007. Prior to that, Mr. Minson was Senior Vice President, Corporate Finance and Development at AOL. He’s also held senior finance positions at AMC Networks (formerly Rainbow Media Holdings, Inc.) and Time Warner Inc.
Comcast Corporation (NASDAQ: CMCSA, CMCSK) announced that it has promoted Cathy Avgiris to Chief Financial Officer of Comcast Cable, effective July 1, 2013. Ms. Avgiris is a 21-year Comcast veteran. She succeeds Dave Scott, who is retiring after twenty years with the Company. Prior to joining Comcast in 1992, Ms. Avgiris spent 11 years in finance, serving as Chief Financial Officer of Drexel Industries, Inc., a publicly held company, and as an Audit Manager with Deloitte & Touche.
Yodlee announced that Mike Armsby has been appointed Chief Financial Officer (CFO). Marc Blouin, who has served as interim CFO since October, will transition into his new role as Senior Vice President of Finance. Mike Armsby joins Yodlee after serving as CFO for View, Inc. – formerly Soladigm. Armsby’s professional experience spans 20 years and includes positions at Price Waterhouse, Bain & Company, Synopsys and the position of CFO for PowerLight.
BioTime, Inc. (NYSE: BTX) announced that its Senior Vice President and Chief Operating Officer, Robert W. Peabody, will reassume the additional role of Chief Financial Officer. BioTime’s current Chief Financial Officer, Peter S. Garcia, has resigned his position with BioTime and its subsidiaries effective May 10, 2013. Mr. Peabody previously served as BioTime’s Chief Financial Officer in 2010 and 2011. His experience includes public accounting with Ernst & Young, and as a financial executive for a Fortune 500 specialty chemical manufacturer, and as Vice President of a public biotechnology company.
PDL BioPharma, Inc. (NASDAQ: PDLI) announced that the Company has appointed Peter S. Garcia to the position of vice president, chief financial officer (CFO) and acting chief accounting officer. Mr. Garcia joins PDL from BioTime, Inc. (NYSE: BTX) where he served as CFO since 2011. Between the years of 1996 and 2011, Mr. Garcia was CFO of six biotech and high-tech companies, including Marina Biotech, Nanosys, Nuvelo, Novacept, IntraBiotics Pharmaceuticals and Dendreon Corporation. From 1990 to 1996, he was a finance executive with Amgen.
Cyalume Technologies Holdings, Inc. (OTC: CYLU) announced that it has appointed Michael J. Pellicci as the Company’s Chief Financial Officer. Mr. Pellicci will succeed Michael Bielonko, who will assume the responsibilities of Vice President of Finance. Pellicci most recently held the positions of President, Chief Executive Officer and Chairman of Tropical Shipping and Construction Company Limited. He joined Tropical in March 2006 as its Chief Financial Officer. Prior to Tropical, he was Senior Vice President – Finance and Planning, Treasurer & Chief Accounting Officer at Seabulk International, Inc. Previously, he held several financial positions including Director of Corporate Finance and Corporate Controller at Caraustar Industries, Inc.
Clean Power Finance announced the appointment of Michael Pope as chief financial officer (CFO). Before joining the company, Michael was the COO and CFO of MarketTools.com. Prior to MarketTools.com, Michael served as VP for the office of the CEO of BearingPoint and as president and COO of Network General, which was acquired by NetScout Systems. Before that, he was president and CEO of DigitalThink, EVP and CFO of Dionex, and a bank examiner at the New York Federal Reserve.
bebe stores, inc. (NASDAQ: BEBE) announced that it has promoted Liyuan Woo to the position of Chief Financial Officer (“CFO”). Ms. Woo, who currently serves as the Company’s Principal Accounting Officer and Vice President-Corporate Controller, has been with bebe stores since 2010. As CFO, Ms. Woo will succeed Walter J. Parks, Chief Operating Officer (“COO”) and Chief Financial Officer, who is departing the Company effective May 3, 2013. Prior to joining bebe, Ms. Woo held a Senior Manager position with the accounting firm Deloitte & Touche, LLP in its Mergers and Acquisitions Transaction Services Group.
AmeriGas Propane Inc., general partner of AmeriGas Partners, L.P. (NYSE:APU) announced that Hugh J. Gallagher has been elected vice president – finance and chief financial officer of AmeriGas Propane, Inc. Mr. Gallagher will also continue to serve as treasurer of UGI Corporation and AmeriGas until a successor is named to that position. Mr. Gallagher will succeed John Iannarelli, who previously announced his intention to leave the company. Mr. Gallagher joined UGI Corporation in 1990 and has served both UGI and AmeriGas in various finance, accounting and operations roles including treasurer, director of treasury services and investor relations, director – business development and director – financial planning and analysis.
GEO Semiconductor Inc. announced that Eric Erdman has been appointed Chief Financial Officer. Mr. Erdman most recently served as CFO at ViXS Systems Inc., and previously served as CFO and interim CEO at Genesis Microchip as well as CFO at Silicon Optix Messrs.
Bulova Technologies Group, Inc. (OTC: BLVT) announced that C. William Colburn resigned as Chief Financial Officer of the Company. William McMillen was appointed to serve as the Chief Financial Officer of the Company.
ENSERVCO Corporation (OTCQB: ENSV) announced Robert Devers has been appointed chief financial officer. Devers most recently was an independent consultant to public companies in the mining and beverage distribution industries. From 2007 to 2011 he served as chief financial officer of Silver Bull Resources. Devers also served as senior director of financial analysis and internal audit of The Broe Companies Inc. Devers assumes the CFO role from Rick Kasch, who has been serving dual roles as both president and CFO since July 2011. Kasch will continue in his role as president.
FacilitySource announced the appointments of Amy Bobbitt to the role of Chief Financial Officer. Bobbitt, formerly a manager at Deloitte, has held multiple senior leadership positions over the past 20 years, including that of CFO at Cranial Technologies, Inc., COMSYS IT Partners, Inc., and Pima Capital Development Company, as well as the Corporate Controller position at Amkor Technologies and Rockford Corporation.
Community Trust Bancorp, Inc. (NASDAQ:CTBI) announced that Kevin J. Stumbo has been promoted to the position of Chief Financial Officer. In addition, Mr. Stumbo serves as Executive Vice President and Treasurer of Community Trust Bancorp, Inc., Executive Vice President of Community Trust Bank, Inc., and Vice President of Community Trust and Investment Company. Mr. Stumbo has been with Community Trust for more than 18 years. During that time, his positions have included General Accounting Manager and Controller. Prior to working for Community Trust, Mr. Stumbo was CFO of Our Lady of the Way Hospital and CFO of First Guaranty Bank.
SBT Bancorp, Inc. (OTC: SBTB), the holding company for The Simsbury Bank & Trust Company, announced today that Executive Vice President and Chief Financial Officer, Anthony F. Bisceglio has informed the company of his plans to retire in 2014.
UQM Technologies, Inc. (NYSE: UQM) announced that it has appointed David I. Rosenthal as Treasurer and Chief Financial Officer. Mr. Rosenthal was a director and served as Interim President and Chief Executive Officer of Cyanotech Corporation. Prior to that Mr. Rosenthal served as Chief Financial Officer for Sanz, Inc. and Hickory Farms, portfolio companies of the private-equity firm Sun Capital Partners. Earlier in his career, Mr. Rosenthal served as the Chief Financial Officer of publicly-traded companies including Spectralink Corporation, Startek, Inc., Celestial Seasonings and Hauser, Inc. Mr. Rosenthal will replace Donald A. French, who is retiring after 25 years as the Company’s Chief Financial Officer.
AdCare Health Systems, Inc. (NYSE: ADK) announced that Ronald W. Fleming will join AdCare’s senior management team as Chief Financial Officer. Most recently Mr. Fleming held the position of CFO for the largest oncology physician practice in Georgia. Prior to that, he was CFO of a skilled nursing startup. The bulk of Mr. Fleming’s experience was as Vice President, Controller and Chief Accounting Officer of Mariner Health Care, Inc.
Capital Group Holdings, Inc. (OTC: CGHC) announced the appointment of Thomas P. Meola as acting Chief Financial Officer and Director of the Company. Mr. Meola is a certified public accountant in Arizona and is the managing member of Tailor Made Business Solutions PLLC (TMBS). Prior to his appointment at Capital Group, Mr. Meola was Vice President of Financial Operations for Vulcan, Inc., between 2006 and 2010. From 2000 to 2004 Mr. Meola served as Senior Vice President of Financial Systems and Global Purchasing for MasterCard International. Prior to MasterCard, Mr. Meola was Vice President of Finance and Corporate Controller of Bowne & Co.
FreightCar America, Inc. (NASDAQ: RAIL) announced the appointment of current Chief Financial Officer Joseph (Joe) E. McNeely to the position of President and Chief Operating Officer. Mr. McNeely has extensive railcar industry experience and has held the position of Vice President of Finance, Chief Financial Officer and Treasurer since 2010. Mr. McNeely joined FreightCar America in 2010 from Mitsui Rail Capital, LLC., where he was Vice President Sales and Marketing. Previously, Mr. McNeely held positions at GATX Corporation, including Vice President Finance for GATX Rail.
K12 Inc. (NYSE: LRN) announced that James Rhyu become Executive Vice President and Chief Financial Officer in early June. Mr. Rhyu joins K12 from Match.com, where he has served as Chief Financial Officer and Chief Administrative Officer since 2011. Prior to his roles at Match.com, Mr. Rhyu was a Senior Vice President of Finance at Dow Jones & Company. Previously, Mr. Rhyu served for three years as the Corporate Controller of Sirius XM Radio Inc. and its predecessor company, XM Satellite Radio, as well as serving in the same role for Graftech International.
Contec Holdings, Ltd. announced the appointment of Jochen Vogt as its new Chief Financial Officer. Prior to joining Contec, Mr. Vogt served as Vice President Operations Finance at Verifone (NYSE:PAY). Prior to that time, Mr. Vogt served in a number of Controller and finance positions at Sanmina-SCI, and Nortel Networks.
DICK’s Sporting Goods, Inc. (NYSE: DKS) announced that Andre J. Hawaux will join the company in June, 2013 as Executive Vice President–Finance, Administration and Chief Financial Officer. Mr. Hawaux was most recently as President, Consumer Foods at ConAgra Foods, Inc.. Previously, he served as ConAgra Foods’ Executive Vice President, Chief Financial Officer from 2006 to 2009. Prior to ConAgra Foods, Mr. Hawaux served as general manager of a large U.S. division of PepsiAmericas and previously served as Chief Financial Officer for Pepsi-Cola North America and Pepsi International’s China business unit. Mr. Hawaux succeeds Timothy Kullman, who is retiring as previously announced.
Brand USA announced Donald Richardson has joined the organization as chief financial officer. A former partner with KPMG, Richardson was responsible for spearheading service delivery to several non-Department of Defense (DoD) U.S. government agencies, including the Executive Office of the President, the Office of Personnel Management (OPM), the Sergeant at Arms of the Senate, the Pension Benefit Guaranty Corporation, and the Department of Agriculture. Following the spinoff of KPMG to BearingPoint, Richardson served as managing director and partner. Richardson currently serves on the boards of the DC Public Library Foundation, the YMCA of Metropolitan Washington, the District of Columbia Urban League Finance Committee, and the Shiloh Baptist Church.
SnapLogic announced the appointment of Spencer Punter as chief financial officer. Punter joined SnapLogic from Capital Dynamics where he was managing director, head of US venture capital and responsible for oversight of the firm’s West Coast office. Previously, he held venture capital investment positions with Bay Partners, Bowman Capital and Integral Capital Partners. Earlier in his career, he worked in the technology investment banking group at Morgan Stanley. Punter was also co-founder and chief executive of ApexMD.
Callidus Software Inc. (NASDAQ: CALD) announced the appointment of Bob L. Corey to serve as Senior Vice President, Chief Financial Officer, effective as of May 31, 2013. Prior to joining the Company, Mr. Corey served as the chief financial officer of FrontRange Solutions USA Inc. since May 2012. Prior to FrontRange, he served in various roles at Extreme Networks, Inc. from July 2009 to March 2011, ultimately as interim chief executive officer and executive vice president and chief financial officer. Prior to Extreme Networks, Mr. Corey held a variety of executive positions, including executive vice president and chief financial officer, at Thor Technologies, Inc. from May 2003 to January 2006. Mr. Corey currently serves as a member of the board of directors and as chairman of the audit committee for Apigee Corporation. Mr. Corey is replacing Ronald J. Fior, who has served as the Company’s Senior Vice President, Finance & Operations and Chief Financial Officer for the past ten years.
CVS Caremark Corporation (NYSE: CVS) announced that Laird K. Daniels, formerly Senior Vice President – Controller and Chief Accounting Officer, has assumed the role of Senior Vice President – International Operations and Business Development. In his new role Mr. Daniels will report directly to the Registrant’s President and Chief Executive Officer. The Company also announced that David M. Denton, the Registrant’s Executive Vice President and Chief Financial Officer, has assumed the additional roles of Controller and Chief Accounting Officer.
CKX Lands, Inc. (NYSE : CKX) announced that Brian R. Jones was elected Chief Executive Officer and President of CKX Lands, Inc. Mr. Jones also serves as Chief Financial Officer and Treasurer of CKX Lands, Inc. and has served in this capacity since 2006. Mr. Jones is a certified public accountant and certified fraud examiner and managing member of Brian R. Jones CPA, LLC