CFO Moves this week include:
|GE||AMR Corporation||News Corporation|
|Diamond Foods, Inc.||SunPower Corporation||Lincor Solutions|
|Heartland Financial USA, Inc.||DriveCam, Inc.||Meru Networks, Inc.|
|Health Solutions||Actian Corporation||Lavastorm Analytics|
|Conductor||Nautilus, Inc.||Cerecor Inc.|
|PAREXEL International Corporation||Interline Brands, Inc.||Simon Worldwide, Inc.|
|AL International, Inc.||VirtualScopics, Inc.||Uranium Resources, Inc.|
|Snagajob||RF Industries, Ltd.||Anthera Pharmaceuticals, 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 email@example.com or by phone at +1 (415) 738-2070.
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GE (NYSE: GE) announced the appointment of Keith Sherin as chairman and CEO of GE Capital, succeeding Mike Neal, who is retiring. It was also announced that GE Capital CFO Jeff Bornstein will succeed Sherin as CFO of GE. The appointments are effective July 1, 2013. Sherin has been GE’s CFO for 14 years, and a vice chairman since 2007. Sherin has been senior vice president and GE’s CFO since 1998. He joined GE in 1981 through the GE Financial Management Program and has held senior financial positions in GE businesses including Aviation, Plastics and Medical Systems. Jeff Bornstein is currently a senior vice president and CFO of GE Capital, a role he has held since 2008. He joined GE in 1989 through the GE Financial Management Program and has held senior financial positions in Aviation, Plastics, and Commercial Finance.
AMR Corporation (OTCQB: AAMRQ), the parent company of American Airlines, Inc., and US Airways Group, Inc. (NYSE: LCC) announced that Derek Kerr will be appointed Chief Financial Officer of the new American Airlines after the closing of the companies’ expected merger. Kerr will join the new American from US Airways.
News Corporation (NASDAQ: NWS, NWSA) announced that its veteran Chief Financial Officer David DeVoe will retire at the end of this fiscal year. Mr. DeVoe will maintain his seat on the Company’s Board of Directors, on which he has served since 1990, and remain a senior advisor to the Company. John Nallen has been appointed Senior Executive Vice President and Chief Financial Officer of the Company, which will be re-named 21st Century Fox and hold News Corporation’s media and entertainment businesses following its separation on June 28 into two independent, publicly traded companies. Mr. Nallen’s appointment is effective July 1, 2013. Mr. Nallen has served as Deputy Chief Financial Officer and an Executive Vice President of News Corporation since 2001, having joined the company in 1995. Mr. Nallen joined News Corporation in 1995 after 16 years at Arthur Andersen, where he became a CPA and a partner leading its Media Industry Practice.
Diamond Foods, Inc. (NASDAQ: DMND) announced the appointment of Raymond P. Silcock as Executive Vice President and Chief Financial Officer. Mr. Silcock replaces Michael Murphy, who has served as Interim Chief Financial Officer since February 8, 2012. Mr. Silcock was most recently Chief Financial Officer of the Great Atlantic & Pacific Tea Company. Prior to holding that position, Mr. Silcock served as the Chief Financial Officer of several publicly and privately-held companies in the food and beverage industry, including UST Inc., Swift & Company and Delimex Holdings. Mr. Silcock was also Chief Financial Officer of Cott Corporation for seven years. Mr. Silcock is a member of the Board of Directors of Pinnacle Foods Corporation.
SunPower Corporation appointed Catherine Lesjak as a member of the Board. Ms. Lesjak has served as executive vice president and chief financial officer of Hewlett Packard Company (“HP”) since January 1, 2007. Ms. Lesjak served as interim chief executive officer of HP from August 2010 through October 2010.
Lincor Solutions announced that Robert Brown has been appointed Chief Financial Officer. Prior to joining Lincor, Bob most recently served as CFO for Clinically Home, LLC. Previously, he was as CFO for Sequoia Healthcare, Inc. He was also CFO, Treasurer and Secretary Bob of Passport Health Communications and Vice-President and Controller of Therapeutic Antibodies.
Heartland Financial USA, Inc. (NASDAQ: HTLF) announced that John K. Schmidt, the company’s executive vice president, chief financial officer and chief operating officer will leave the company in July 2013. Schmidt, 54, will join A.Y. McDonald Industries, Inc. as chief financial officer. Schmidt has served Heartland for 28 years, with 22 years as CFO and five years in the dual role of president of Dubuque Bank and Trust and CFO of Heartland. He will continue to serve as a member of the Dubuque Bank and Trust and Heartland boards of directors. Senior Vice President David L. Horstmann, an 8-year Heartland employee and member of the company’s Finance team will assume the role of interim CFO.
DriveCam, Inc. announced the appointment of Paul J. Pucino as executive vice president and chief financial officer. Mr. Pucino was previously the executive vice president and CFO of THQ Inc. Previously, he served as the EVP and CFO of Classmates Media Corporation. From 2005 to 2007, Mr. Pucino was CFO at Digital Insight. He also held progressively responsible finance positions at Galileo International, Tekelec, and Dean Witter, Discover & Co. William Ruff, who has served as DriveCam’s CFO since 2009, will take on new responsibilities at the company as he transitions to the role of senior vice president, Finance.
Meru Networks, Inc. (NASDAQ: MERU) announced that its board of directors has appointed Brian R. McDonald, as Chief Financial Officer. Mr. McDonald has served as CFO in a number of rapidly growing Silicon Valley technology companies, including both publicly traded and private companies, such as eASIC, Inc., Advanced Analogic Technologies, Monolithic Power Systems and Elantec Semiconductor, Inc. Mr. McDonald succeeds Brett White, who has resigned his position as CFO.
Health Solutions announced that Caroline Worrall has been hired as its new Chief Financial Officer (CFO). Prior to joining Health Solutions, Ms. Worrall spent seven years working with MEDVAL, first as a consultant, then as the CFO and COO. Previously, she held CFO positions at BreakAway, Ltd., and Reactive NanoTechnologies.
Actian Corporation announced that it has appointed Steven Springsteel as its Chief Financial Officer (CFO). Most recently, Springsteel served as CFO and Chief Operating Officer for Liquid Robotics, Inc. Prior to that he was CFO for MarkLogic, maker of an enterprise NoSQL database, and he has also served as Entrepreneur-in-Residence for U.S. Venture Partners. Springsteel also held president and CEO positions at software firms including Chordiant Software, Verity and Sagent Technology.
Lavastorm Analytics announced it has named Lacey Brandt its new chief financial officer. Prior to joining Lavastorm, she was CFO of JumpTap. Before JumpTap, she served as CFO of Spotfire, and she was CFO of eXcelon.
Nautilus, Inc. (NYSE: NLS) reported that Linda Pearce, Chief Financial Officer, has resigned to pursue other interests. Ms. Pearce’s resignation is effective July 2, 2013. Ms. Pearce, a resident of Oregon who has been employed at Nautilus since August 2012, will assume the position of Chief Financial Officer for Tillamook County Creamery Association, a large dairy cooperative located in Tillamook, Oregon.
Cerecor Inc. announced the appointment of Federica F. O’Brien as Chief Financial Officer. Ms. O’Brien joins Cerecor from Cervilenz Inc, where she was Chief Financial Officer and Chief Operating Officer. Previously, Ms. O’Brien was Chief Financial Officer of privately-held Cardiokine Inc.. During 2004, Ms. O’Brien was integral to the IPO at Barrier Therapeutics, where she served as Controller. Earlier in her career, she was Chief Financial Officer of Infonautics, Inc, and began her career in public accounting, most recently at Coopers & Lybrand (PWC).
PAREXEL International Corporation (NASDAQ: PRXL) announced that Ingo Bank has been appointed Senior Vice President and will become Chief Financial Officer on September 1, after fiscal year-end audited financial statements are filed. He joins PAREXEL on July 8 from Royal Philips, where he served as Chief Financial Officer and Executive Vice President of Philips Healthcare. Mr. Bank will be based at the Company’s corporate headquarters in Waltham, Massachusetts. Mr. Bank succeeds outgoing CFO James F. Winschel, Jr., who will remain at PAREXEL as Senior Vice President and Chief Financial Officer until September 1, after which he will serve as Executive Vice President until he retires in 2014. Before joining PAREXEL International, Mr. Bank spent 18 years with Royal Philips, holding numerous senior global finance positions. He was the Chief Audit Executive of Royal Philips, was appointed into CFO roles to build and transform the LCD business for Philips in Japan and China, managed mergers and acquisitions, and served as CFO of the global Philips Lamps business.
Interline Brands, Inc. announced the appointment of John K. Bakewell as the Company’s new Chief Financial Officer. Most recently, Mr. Bakewell served as the Executive Vice President and Chief Financial Officer of RegionalCare Hospital Partners. Previously, Mr. Bakewell held the same position with Wright Medical Group. Mr. Bakewell also served as Chief Financial Officer of Altra Energy Technologies, Cyberonics, Inc. and Zeos International.
Simon Worldwide, Inc. (OTC: SWWI) approved the nomination of Anthony M. Espiritu to serve as Chief Financial Officer of the Company. Mr. Espiritu, 43, has served as Controller of the Company since 2004. The office of Chief Financial Officer was previously held by Greg Mays. Mr. Mays continues to serve as Chief Executive Officer of Simon. Earlier in his career, Mr. Espiritu served as Financial Reporting Manager at Simon and held auditing positions at Deloitte & Touche and Transamerica Corporation.
AL International, Inc. (OTC: YGYI) appointed William Thompson to serve on its board of directors as an independent director. Mr. Thompson was also appointed to the Company’s Audit Committee. Mr. Thompson currently serves as the Chief Financial Officer of Broadcast Company of the Americas. He served as Corporate Controller for the Company from 2011 to 2013 and for Breach Security, a developer of web application firewalls, from 2007 to 2010. Prior to 2007, Mr. Thompson as Divisional Controller for Mediaspan Group and Chief Financial Officer of Triathlon Broadcasting Company.
VirtualScopics, Inc. (NASDAQ: VSCP) announced that Molly Henderson, its Chief Business and Financial Officer, Sr. Vice President notified the company of her intention to resign from the company effective August 31st, 2013 due to the relocation of her family to Europe. Ms. Henderson will continue in her current role until August 31, 2013.
Uranium Resources, Inc. (NASDAQ: URRE) announced that Jeffrey L. Vigil was appointed Vice President and Chief Financial Officer. Mr. Vigil, who most recently was Senior Vice President and Chief Accounting Officer at Energy Fuels Inc., succeeds Thomas H. Ehrlich, who resigned to pursue other interests. During his tenure at Energy Fuels, Mr. Vigil held various financial positions including CFO between 2009 and 2012. From 1996 to 2007, Mr. Vigil served as CFO for Koala Corporation.
Snagajob announced that Keith Haas has joined the company, succeeding Dave Bosher as Snagajob’s next chief financial officer. Haas most recently served as the vice president of finance for GeoEye. Prior to GeoEye, Haas served as a key financial leader for K12. Bosher is leaving to focus on helping other early-stage companies.
RF Industries, Ltd. appointed Mark Turfler as the Company’s new Acting Chief Financial Officer and Corporate Secretary. Howard Hill, the Company’s Chief Executive Officer who acted as the Company’s interim Chief Financial Officer and Corporate Secretary pending the appointment of a new Chief Financial Officer, resigned as the interim Chief Financial Officer. Mr. Turfler joined the Company in January 2013 as its Controller. Prior to joining the Company, Mr. Turfler worked in senior accounting/finance positions at Ligand Pharmaceuticals, Inc. from 2006 to 2009, at Cylene Pharmaceuticals, Inc. from 2010 to 2011, and as an independent financial/accounting consultant from 2012 until he joined the Company in January 2013.
Anthera Pharmaceuticals, Inc. (NASDAQ: ANTH) announced the appointment of May Liu as its Senior Vice President, Finance and Administration. Ms. Liu has served as the Company’s Vice President, Finance since January 2011. Prior to that, she served as Anthera’s Corporate Controller since October 2007. Ms. Liu joined the Company as Director of Finance in April 2007. Prior to that, Ms. Liu served as SEC Reporting and Technical Accounting Manager at Renovis, Inc., from October 2005 to March 2007. Effective June 30th, 2013 Anthera’s Chief Business Officer and Chief Financial Officer, Christopher Lowe will leave the company to pursue entrepreneurial opportunities.
Uroplasty, Inc. (NASDAQ: UPI) announced it has placed Mahedi Jiwani, its Chief Financial Officer, on administrative leave pending completion of the internal control review.