CFO Moves this week include:
|Jones Lang LaSalle||Duke Realty Corporation||PetSmart, Inc.|
|Cigna Corporation||Kemper Corporation||Liberty Global, Inc.|
|Verastem, Inc.||Susquehanna Bancshares, Inc.||Brixmor Property Group|
|Hudson Valley Holding Corp.||Far East Energy Corporation||Cruise Lines International Association (CLIA)|
|Krux||CytoSorbents Corporation||Mad Catz Interactive, Inc.|
|Chimera Investment Corporation||TriMas Corporation||Aspen Group, Inc.|
|One Call Care Management||Intcomex, Inc.||NanoViricides, Inc.|
|Royal Caribbean Cruises Ltd.||Streamline Health Solutions, Inc.||Fortress International Group, Inc.|
|Drummond Company, Inc.||E5 and AISG||HSN, Inc.|
|truDERMA||Edwards Lifesciences Corporation||QLogic Corp.|
|SPY Inc.||Fulton Financial Corporation|
Would you like to receive our weekly CFO Moves directly in your email? Click the SIGN ME UP! button on the right of the blog page.
Should you have any CFO Moves to report, please email us.
NOTE: CFO Search Report available monthly to CFOs only. Read more here.
CFO Moves is published by Samuel Dergel (Executive Search Consultant and CFO & Financial Executive Search Specialist with Dergel Executive Search). Samuel can be reached by email at firstname.lastname@example.org or by phone at +1 (415) 738-2070.
+ + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + +
Jones Lang LaSalle (NYSE: JLL) has named Christie B. Kelly Chief Financial Officer, effective July 1, 2013. She replaces Lauralee Martin, who has maintained the CFO role since becoming Chief Executive Officer for the Americas business in January. Most recently, Kelly served as Executive Vice President and Chief Financial Officer of Duke Realty Corporation (NYSE: DRE). She previously held the position of Senior Vice President of the Global Real Estate Group at Lehman Brothers.
Duke Realty Corporation (NYSE: DRE) announced today that Christie B. Kelly resigned as Chief Financial Officer of the company to accept an opportunity to serve as the Chief Financial Officer of Jones Lang LaSalle Incorporated. Mark A. Denien, Senior Vice President and Chief Accounting Officer has been appointed to serve as Chief Financial Officer. Mark joined Duke Realty in 2005 as Senior Vice President, Administration and was promoted a year later to Senior Vice President and Chief Accounting Officer. Before joining Duke Realty, Mr. Denien was a partner with KMPG in Indianapolis, where he worked for 16 years and was involved with Duke Realty for many of those years.
PetSmart, Inc. (NASDAQ: PETM) has named Carrie Teffner to the position of senior vice president and chief financial officer. Teffner most recently served as executive vice president and chief financial officer at Weber-Stephen Products LLC. Before joining Weber-Stephen Products, Teffner served as the chief financial officer for The Timberland Company. From 1988 to 2009, Teffner worked for the Sara Lee Corporation in leadership roles for several divisions, including senior vice president and chief financial officer, Sara Lee International Household and Body Care; senior vice president and chief financial officer, Sara Lee Foodservice; and senior vice president, financial planning and analysis and treasurer, Sara Lee Corporate.
Cigna Corporation (NYSE: CI) announced that Thomas A. McCarthy, currently Vice President of Finance, will succeed Ralph J. Nicoletti, who has elected to leave the company for personal reasons, as Executive Vice President and Chief Financial Officer. McCarthy will draw from many years of experience and success at Cigna. He has held a variety of roles, most recently responsible for Cigna’s strategy, corporate development, treasury, tax and run-off reinsurance operations. Additionally, he served as interim Chief Financial Officer from September 2010 to May 2011.
Kemper Corporation (NYSE: KMPR) announced that Elizabeth “Libbie” Bock will join Kemper as the Chief Financial Officer for its Property & Casualty Group. Bock brings with her more than 11 years of experience in financial leadership roles, most recently with Experian. For seven years, she held various financial leadership positions at The Hartford. Prior to that, she was a Senior Consultant with Towers Perrin. Bock has also served as Coordinator for International Affairs, in the Office of the Governor for the Mie Prefectural Government in Japan.
Liberty Global, Inc. (NASDAQ: LBTYA, LBTYB and LBTYK) announce that it will appoint Robert Dunn, currently Managing Director (“MD”) of UPC Netherlands, to the position of Chief Financial Officer (“CFO”) of Virgin Media (NASDAQ: VMED; LSE: VMED) upon the closing of that acquisition. He will succeed Eamonn O’Hare who has decided to leave the company to pursue new opportunities. Mr. Dunn has held several senior management positions with Liberty Global over the last 13 years, including MD, UPC Ireland for five years, and CFO of Liberty’s European cable division. Robert has been MD of UPC Netherlands B.V. since January, 2011. He previously served as MD of UPC Ireland B.V. from 2006 and was MD of Finance & Accounting of UPC Polska LLC (UPC). He joined UPC in May 2000 and served as CFO of UPC Distribution from January 2001. He earlier served as Group Controller of Impress Packaging Group B.V. from May 1997 to May 2000. Robert has been Director of UPC Polska LLC since June 2000.
Verastem, Inc. (NASDAQ: VSTM) announced the appointment of John “Jack” Green as Chief Financial Officer. Mr. Green was the former Chief Financial Officer of GTC Biotherapeutics (formerly Genzyme Transgenics Corporation).
Susquehanna Bancshares, Inc. (NASDAQ: SUSQ) announced that Executive Vice President and Chief Financial Officer Drew K. Hostetter will retire on December 31, 2013, concluding an 18-year tenure as the company’s CFO. Upon Hostetter’s retirement, Michael W. Harrington, who joined Susquehanna last year as Executive Vice President and Treasurer, will take on the role of Chief Financial Officer. Harrington, who has more than 25 years of experience in the financial services industry, joined Susquehanna’s executive leadership team in June 2012 after serving in various leadership positions at First Niagara Financial Group, including Chief Financial Officer and Treasurer.
Brixmor Property Group announced the appointment of Michael V. Pappagallo as President & Chief Financial Officer. Mr. Pappagallo most recently served as Chief Operating Officer of Kimco Realty Corporation (NYSE: KIM). Prior to assuming the role of COO, he served as Kimco’s Chief Financial Officer from 1997 through 2010. Prior to his time at Kimco, Mr. Pappagallo served as Chief Financial Officer of G.E. Capital’s Commercial Real Estate Financing business, and held various other financial and business development positions, and as a Senior Manager in the audit group of KPMG, LLP.
Hudson Valley Holding Corp. (NYSE: HVB) named Michael J. Indiveri to serve as Executive Vice President and Chief Financial Officer. Prior to joining Hudson Valley, Indiveri provided independent financial and accounting consulting services to a community bank with nearly $1 billion in assets. From 2007 to 2011, he was Executive Vice President and CFO of Amalgamated. From 1997 until 2007, Indiveri served as Executive Vice President and CFO and a member of the Board of Directors of Yonkers’ City & Suburban Federal Savings Bank. Indiveri has also served as CFO of New York Federal Savings Bank and Savings Bank of Rockland County, spent seven years in the corporate finance group at Chase Manhattan Bank, and began his banking career at City Federal Savings Bank in 1977. In addition, he is Chairman of the Audit Committee and a member of the Governance and Nominating Committee at Retail Opportunity Investments Corporation, a NASDAQ listed company, where he has served as a member of the board of directors since the real estate investment trust’s (REIT) inception in 2007. Indiveri replaces interim CFO Andrew J. Reinhart , who returns to his previous role as Hudson Valley’s Controller and Assistant Treasurer.
Far East Energy Corporation (OTC: FEEC) announced that Jennifer D. Whitley has been appointed as Chief Financial Officer to succeed Bruce N. Huff . Ms. Whitley has served as the interim Chief Financial Officer of the Company since February 2013 and Director of Finance of the Company since January 2011. Prior to joining the Company, Ms. Whitley served as the Chief Financial Officer of Zero Emission Energy Plants Ltd, from 2008 to 2010. From 2006 to 2008, Ms. Whitley served as the Finance Director of Global Energy Development PLC. Previously, Ms. Whitley worked at Harken Energy Corporation and on the audit staff of Ernst & Young LLP.
Cruise Lines International Association (CLIA) announced that it has named Thomas Fischetti to the position of chief financial officer. Prior to joining CLIA, Fischetti served as chief financial officer and senior vice president at the International Association of Amusement Parks and Attractions (IAAPA). William Gee who has been serving as CLIA’s interim CFO will continue as a consultant to CLIA working directly with Fischetti.
Trimble (NASDAQ: TRMB) announced that its chief financial officer, Rajat Bahri, has accepted a new opportunity with a private, venture-backed Silicon Valley technology company. Julie Shepard, vice president of finance and chief accounting officer, will act as interim CFO.
MediaShift, Inc. (OTC: MSHF) announced the appointment of Rick Baran as Chief Financial Officer. Baran joins MediaShift from Clear Channel Media and Entertainment, where he served as Executive Vice President and CFO. Previously, Baran was EVP and CFO for CBS TV Stations. Earlier Baran was CFO of Tyco International. He also spent a decade at GE, holding numerous financial leadership positions. Current CFO David Eastman will continue in his post until June 3, and will continue to serve as an advisor to MediaShift.
Tickets.com announced the addition of Cristine Hurley in the role of Chief Financial Officer. Hurley’s CV includes the role of Vice President, Team Finance for the National Basketball Association. Prior to the NBA, she was the Chief Financial Officer for the Los Angeles Dodgers Major League Baseball franchise. Most recently Hurley was a Partner at Pro Forma Advisors.
Krux announced the addition of David Ron as chief financial officer. Prior to joining Krux, Mr. Ron ran his own consulting firm, providing outsourced CFO and investing services including serving as director, investment banking – digital media for Centaur Partners. Previously, he was CFO and VP Finance for Market6; VP Finance at Rapt — and later part of the Microsoft finance integration team following its acquisition; CFO at Global Sight Corp.; CFO at TV Interactive Corp.; and treasurer for Metaphor Computer Systems (later acquired by IBM).
CytoSorbents Corporation (OTC:CTSO) announced the appointment of Kathleen P. Bloch as its Chief Financial Officer. Most recently, she was Chief Financial Officer of Laureate Biopharmaceutical Services, Inc. Previously, Ms. Bloch was Chief Operating Officer and CFO of PC Group, Inc. Prior to that, Ms. Bloch was CFO of Silver Line Building Products Corporation for seven years. Previously, Ms. Bloch was CFO of ERD Waste Corporation.
Mad Catz Interactive, Inc. (NYSE: MCZ) announced that its Chief Financial Officer, Allyson Evans, has announced her intention to resign from her position in order to spend more time with her family. Ms. Evans has agreed to remain in her position until the appointment of her successor and will assist the Company with the transition.
Chimera Investment Corporation (NYSE: CIM) announced that Robert Colligan has been appointed its Chief Financial Officer. Mr. Colligan joins Fixed Income Discount Advisory Company (“FIDAC”), the external manager of Chimera, as a Managing Director from Starwood Capital Group where he was the Controller for the last five years. Prior to Starwood Capital Group, from 2002 to 2008 Mr. Colligan was a Managing Director at Bear Stearns and from 1999 to 2002 a Vice President at Merrill Lynch in financial reporting, strategy and investor relations roles. A. Alexandra Denahan resigned from her position as Chimera’s Chief Financial Officer, but will continue to serve as Chimera’s principal financial officer and principal accounting officer.
TriMas Corporation (NASDAQ: TRS) announced that A. Mark Zeffiro, TriMas’ chief financial officer, has recently been promoted to executive vice president and chief financial officer. Zeffiro joined TriMas Corporation in June 2008 as chief financial officer, and has 25 years of financial, operational and business leadership experience with companies such as Black & Decker and General Electric Company. Before joining TriMas, He was vice president of finance for the Global Consumer Product Group at Black & Decker.
Aspen Group, Inc. (OTC: ASPU) announced that Michael Matte will be joining the company as Chief Financial Officer. Most recently, Matte has been the Chief Financial Officer for MeetMe, Inc. Aspen’s former CFO David Garrity has been appointed EVP, Corporate Development.
One Call Care Management (OCCM) announced that Kevin English joined the executive management team as Chief Financial Officer. Prior to his appointment at OCCM, English served as Chief Sourcing Officer at PSS World Medical, Inc (PSSI). Prior to that, he served as Senior Vice President, Finance. Also during his long tenure with PSSI, Kevin served as Chief Financial Officer for Diagnostic Imaging, a former subsidiary of PSSI that was divested in November 2002.
Intcomex, Inc. announced the appointment of Juan Carlos Riojas as the Company’s Chief Financial Officer. The Company appoints Mr. Riojas as permanent successor to Jose I. Ortega, who has been serving as Interim Chief Financial Officer and Secretary of the Company since May 2012. The Company also announced the appointment of Jose I. Ortega, as the Company’s first Chief Accounting Officer. Mr. Riojas most recently served as the Chief Financial Officer of PepsiCo Foods Central America and Caribbean. Prior to 2000, Mr. Riojas served as the Chief Financial Officer of Compañia Industrial de Parras. Prior thereto, Mr. Riojas held the positions of Vice President of Corporate Banking for Société Général in Dallas, Texas and Treasury and Investor Relations Manager for Coca-Cola FEMSA.
NanoViricides, Inc. (OTC: NNVC) announced that it has retained Ms. Meeta Vyas as interim CFO. Meeta was CEO of Signature Brands, Inc. Later, she was CEO of the World-Wide Fund for Nature – India (WWF-India) and then as a Vice President of the National Audubon Society (USA).
Royal Caribbean Cruises Ltd. (NYSE: RCL) announced that Brian Rice, Vice Chairman and CFO of Royal Caribbean Cruises Ltd., will transition his CFO responsibilities to Jason Liberty as he prepares for his retirement in the spring of 2014. Rice has been with Royal Caribbean for more than 20 years, serving as CFO since 2006 and Vice Chairman since 2012. Jason Liberty has been named the new CFO, effective immediately, and will continue to report to Rice. Liberty joined Royal Caribbean in 2005 and most recently served as Senior Vice President, Strategy and Finance.
Streamline Health Solutions, Inc. (NASDAQ: STRM) announced that Nicholas A. Meeks, Vice President of Financial Planning has been promoted to Senior Vice President and Chief Financial Officer. Prior to Streamline, Mr. Meeks was Director of Financial Planning and Analysis at Chamberlin Edmonds & Associates, acquired by Emdeon, Inc. Subsequent to the acquisition, he became head of finance for Provider Payment Integrity, an operating subsidiary of Emdeon. Meeks replaces Steve Murdock, who has served as Streamline’s CFO for the past two years. ”
Fortress International Group, Inc. (OTC: FIGI) announced that it has appointed Maura A. McNerney as Chief Financial Officer. Ms. McNerney replaces Ken Schwarz , who resigned as CFO for personal reasons. Mr. Schwarz will remain with the company in another role through August 2013. Ms. McNerney was previously Vice President, Chief Financial Officer and Treasurer of Hampshire Group, Limited (OTC: HAMP). Ms. McNerney returned to Hampshire in August 2011 after leaving to pursue other interests in July 2009. During her time away from Hampshire, she served as Vice-President, Corporate Controller of Centerplate and then Chief Financial Officer of Spartan Foods of America. During her original five year tenure at Hampshire, she served in several roles, including Vice-President of Accounting and Reporting and Chief Accounting Officer.
Drummond Company, Inc. announces that Jack Stilwell, Executive Vice President and Chief Financial Officer of Drummond Company, Inc., has decided to transition from full time employment to a reduced schedule effective July 31, 2013.
E5 and AISG, a leading cloud and managed service provider, announced the addition of Rusty Hagenbuch as Chief Financial Officer. Mr. Hagenbuch was most recently Regional Operations Director at VPS Convenience Store Group. Prior to VPS, he was Division Manager for Mapco Express with various divisional responsibilities. Prior to Mapco Express, Mr. Hagenbuch was a Financial Advisor at American Express.
HSN, Inc. (NASDAQ: HSNI) announced the promotion of Judy Schmeling to Chief Operating Officer and Chief Financial Officer. Ms. Schmeling has served as HSNi’s Executive Vice President and Chief Financial Officer since 2001. Ms. Schmeling joined the company in 1994 as Director of Investor Relations and Treasury. She was promoted to Vice President of Strategic Planning and Analysis in 1998, to Senior Vice President of Finance in 1999, to Executive Vice President and Chief Financial Officer in 2001, and to Chief Financial Officer of HSNi when the company went public in 2008. She serves on the Board of Directors for Constellation Brands, Inc and the advisory board of FM Global. HSNi also announced the promotion of two senior finance executives, Michael J. Attinella and Patrick Vonderhaar, both reporting to Ms. Schmeling. Mr. Attinella was appointed Chief Financial Officer of HSN and Chief Accounting Officer of HSNi. He joined HSN in 2001 and most recently served as Senior Vice President, Chief Accounting Officer and Corporate Controller of HSNi. Mr. Vonderhaar was elevated from Vice President and Corporate Controller to Chief Financial Officer for Cornerstone Brands.
truDERMA announced that Bryan O’Connell has been appointed Chief Financial Officer. Prior to joining truDERMA, O’Connell spent time in several different industries as CFO for both domestic and international companies.
Edwards Lifesciences Corporation (NYSE: EW) announced that Thomas M. Abate, the company’s chief financial officer, plans to retire later this year. Abate plans to remain CFO until his successor is in place. Abate became Edwards’ CFO in January 2006. Previously, he was the company’s vice president and controller, a position he had held since Edwards became an independent company. In the 18 years prior, Abate was with Baxter in other finance-related positions.
QLogic Corp. (NASDAQ: QLGC) announced that Simon Biddiscombe has resigned his positions as president and chief executive officer and also as a director in order to pursue other opportunities. The Board has appointed CFO Jean Hu as CEO on an interim basis. Hu currently serves a senior vice president and chief financial officer. She will retain her CFO responsibilities during the interim period.
SPY Inc. (OTC: XSPY) announced that its Chief Financial Officer, Michael D. Angel, has announced his intention to resign from his position in order to facilitate a return to his permanent home in the Bay Area. Mr. Angel has indicated his willingness to be available to the Company as a full time interim CFO consultant until the appointment of a successor CFO in order to assist the Company with the transition.
Fulton Financial Corporation (NASDAQ: FULT) announced that Charles J. Nugent, senior executive vice president and chief financial officer (CFO), has informed the corporation of his plan to retire, effective December 31, 2013.