CFO Moves this week include:
|Time Warner Inc.||Planet Fitness||RadioShack Corporation|
|SUPERVALU Inc.||OfficeMax® Incorporated||DocuSign|
|Natural Molecular Testing Corp.||Cardlytics||FreightCar America, Inc.|
|GrowLife, Inc.||Johnny Rockets||Uroplasty, Inc.|
|Ryko Solutions Inc.||Aduro BioTech, Inc.||NextGxDx|
|CALIENT Technologies, Inc.||ReSearch Pharmaceutical Services, Inc.||The Leukemia & Lymphoma Society|
|Ingersoll-Rand||Bank of Marin Bancorp||Dice Holdings, Inc.|
|Neebo, Inc.||Janus Capital Group Inc.||Covisint|
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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.
Time Warner Inc. (NYSE: TWX) announced that Howard Averill will become the company’s next Chief Financial Officer beginning January 1, 2014. Mr. Averill will succeed John Martin when he assumes his new role as Chief Executive Officer of Turner Broadcasting System, Inc. Mr. Averill is currently Chief Financial Officer of Time Inc. For a 10-month period in 2011, he was part of a three-member executive team that led Time Inc. Mr. Averill serves on the Investment Committee for Time Warner’s U.S. Retirement Plans. Prior to joining Time Inc. in 2007, Averill was Executive Vice President and CFO at NBC Universal Television. Previous to his 10 years at NBC Universal, Averill was an executive at ITT/ Sheraton Corporation and also held positions with Pepsi-Cola Company and Arthur Andersen & Co., where he earned his CPA.
Planet Fitness announced that Dorvin Lively has been appointed to the position of Chief Financial Officer. Lively joins Planet Fitness from RadioShack Corporation (NYSE: RSH) where he served as Executive Vice President, Chief Financial Officer and Chief Administrative Officer. Prior to RadioShack, Lively served as Chief Financial Officer at Ace Hardware Corp. His experience also includes previous positions at Maidenform Brands, Toys R Us, Reader’s Digest and Pepsi-Cola International.
RadioShack Corporation (NYSE: RSH) announced that Dorvin Lively resigned to pursue a new career opportunity with a strategic equity-owned retail company. The company also announced that Holly Etlin will be stepping in to serve as the interim CFO. Ms. Etlin is a Managing Director of AlixPartners.
SUPERVALU Inc. (NYSE: SVU) announced it has named Bruce Besanko as the company’s executive vice president and chief financial officer. Besanko joins SUPERVALU after serving as executive vice president of finance, chief financial officer and chief administrative officer for OfficeMax. Prior to his work at OfficeMax, Besanko served as vice president of finance and chief financial officer for Circuit City Stores Inc. from 2007-2009, as well as senior vice president of finance and chief financial officer for The Yankee Candle Company Inc. from 2005 to 2007. He also held financial leadership positions at Best Buy Co. Inc., Sears, Roebuck & Co. and Atlantic Richfield Company in the years prior. Besanko follows current executive vice president and chief financial officer Sherry Smith, who has held the role since 2010.
OfficeMax® Incorporated (NYSE: OMX), announced that Bruce Besanko, executive vice president and chief financial officer, will leave the company to become the executive vice president and chief financial officer of SUPERVALU Inc. Besanko has served OfficeMax as CFO since 2009. As OfficeMax progresses toward its proposed merger with Office Depot, Deb O’Connor, senior vice president, finance and chief accounting officer, will assume the role of interim chief financial officer. A five-year veteran of OfficeMax, O’Connor previously served as senior vice president and controller of the ServiceMaster Company.
DocuSign announced that Louis J. Lavigne, Jr., former Executive Vice President and Chief Financial Officer of Genentech Inc., has joined DocuSign’s board of directors and will lead its Audit and Finance Committee. Lavigne is a member of the board of directors of Accuray, Inc. (chairman of the board & Compensation Committee), Allergan, Inc. (member of the Audit and Finance & Science and Technology Committees), BMC Software (chairman of the Audit Committee & member of the M&A Committee), Depomed, Inc. (Audit Committee member), NovoCure (Audit Committee chairman) and SafeNet, Inc. (Audit Committee chairman). Previously he was a director and chairman of the Audit Committee of several other public companies including Arena Pharmaceuticals, Equinix, Kyphon, and Xenova. Lavigne is also part of the Pacific SW Audit Committee Network of Audit Committee Chairs and Deloitte’s Life Sciences Advisory Board.
Natural Molecular Testing Corp. announced that Keith Tyacke has joined the company as Chief Financial Officer (CFO). Tyacke most recently served as Director of Tax at Hauser Long, P.S in Bellevue, WA, and was previously Tax Manager at Clothier & Head, a Seattle, WA-based CPA firm.
FreightCar America, Inc. (NASDAQ: RAIL) announced that it has appointed Charles (Chip) F. Avery, Jr. as Vice President Finance, Chief Financial Officer and Treasurer. Mr. Avery succeeds Joseph E. McNeely, who was recently appointed by the Company to the position of President and Chief Operating Officer. Mr. Avery has most recently served as Vice President, Corporate Controller and Chief Information Officer at Federal Signal Corporation. Previously, he held various positions at Home Products International, Inc., including the role of Senior Vice President Finance. He also spent over ten years in public accounting with Arthur Andersen LLP.
GrowLife, Inc. (OTC: PHOT) announced that it has retained John Genesi as Chief Financial Officer. As CFO for GrowLife, Mr. Genesi will replace Justin Manns who has transitioned into the position of Controller of the rapidly expanding GrowLife Hydroponics division. Prior to joining the company, Mr. Genesi served as Controller for oBand, Inc. From June 2006 to December 2007, Mr. Genesi served as Chief Financial Officer of LandBank Group, Inc. and its sister company, Strategic Financial Companies, LLC.
Johnny Rockets announced the appointment of Gary Campanaro as Chief Financial Officer. He previously served in the same role for El Pollo Loco and Claim Jumper. Prior to those two restaurant appointments, Campanaro worked with The Keith Companies, CB Richard Ellis and CKE Restaurants. He also was an Audit Manager for KPMG.
Uroplasty, Inc. (NASDAQ: UPI) announced that Mahedi H. Jiwani, the Company’s Chief Financial Officer, has retired. Robert C. Kill, President & CEO, will hold the role of acting Chief Financial Officer until the position is filled.
Ryko Solutions Inc. appointed Jesse Wurth to be chief financial officer. Wurth joins Ryko from The Weitz Co. where he served as vice president of finance. Ryko’s current CFO, Jerry Gowey, will be transitioning out of Ryko at the end of July to pursue another opportunity.
Aduro BioTech, Inc. announced the appointment of Gregory W. Schafer as chief operating officer (COO). Most recently, he served as chief financial officer of Jennerex, Inc. for 3 years. Prior to Jennerex, he served as chief financial officer of Onyx Pharmaceuticals, Inc. Before joining Onyx, he served as chief financial officer and vice president of finance for Cerus Corporation. Prior to Cerus, Mr. Schafer worked as a management consultant for Deloitte & Touche, LLP and as an engineer specializing in biologics manufacturing. Mr. Schafer also serves on the board of directors for Nile Therapeutics.
NextGxDx has recruited Trey Noel III to be its CFO. Noel comes to NextGxDx after spending nine years at McKesson Specialty Care Solutions. Most recently, Noel was vice president and general manager of McKesson Specialty Care Solutions. He fills the role held on an interim basis by Julia Polk, who had previously also been CFO at Change Healthcare.
CALIENT Technologies, Inc. named Jag Setlur as its Chief Financial Officer (CFO). He joins CALIENT from July Systems where he served as chief operating officer (COO) and CFO. Prior to that, Setlur served as CFO for Cotendo Inc. Through his career, Setlur has served in leadership roles at NetXen Inc. (acquired by Qlogic Inc.), VeriSign, CoWare (acquired by Synopsys), enStage, iPrint Technologies (acquired by American TonerServ Corp.), TCSI and UB Networks.
ReSearch Pharmaceutical Services, Inc. announced that Marc Wolff has joined the organization as Chief Financial Officer. He joins the company from Catalent Pharma Solutions, where he served in a dual role as Global CFO Softgel Technologies as well as Vice President and General Manager Softgel Businesses in Australia and Japan.
The Leukemia & Lymphoma Society announced the appointment of Rosemarie Loffredo as its new chief administrative officer and chief financial officer. She previously served as vice president, financial operations and treasurer of New York University. Earlier in her career, she was senior vice president of finance for CA Technologies, Inc. (formerly Computer Associates). Prior to that she was vice president of treasury for International Paper Company. Loffredo currently serves on the board of directors of CenterLight Healthcare System.
Ingersoll-Rand plc (NYSE: IR) announced that Steve Shawley, senior vice president and chief financial officer, plans to retire after a distinguished career spanning more than 39 years, including 20 years with Ingersoll Rand and Thermo King, a brand of Ingersoll Rand. Shawley was named chief financial officer following the acquisition of Trane in June 2008. Before that, he served as senior vice president and president of the Climate Control Technologies Sector (portions of which now make up the Climate Solutions segment). Shawley also now serves as Ingersoll Rand’s chief risk officer. Shawley joined Ingersoll Rand in 1997 through the acquisition of Thermo King, then a business of Westinghouse Electric Corporation, where he served as vice president and controller. He became corporate controller of Ingersoll Rand in May 1998 and was named a vice president of Ingersoll Rand in June 1999. In August of 2002, Shawley was named president of Thermo King North America. A year later, he became president of Climate Control Americas. Prior to Thermo King, Shawley held numerous other key financial positions during his more than 20 years with Westinghouse.
Bank of Marin Bancorp (NASDAQ: BMRC) announced the hiring of Tani Girton as Chief Financial Officer of the company and its subsidiary bank. Most recently, she was Executive Vice President and Treasurer at Bank of the West. Prior to that, she was Vice President of Treasury Capital Markets at Charles Schwab & Company.
Dice Holdings, Inc. (NYSE: DHX) announced that Michael Durney, EVP, Industry Brands Group and CFO, will succeed Scot Melland as President and CEO. Mr. Durney has been with the Company since joining Dice Holdings’ predecessor as the SVP, Finance and CFO in 2000. Mr. Durney added strategic and operational leadership responsibility for Rigzone, after the acquisitions of the Company’s energy brands in 2010.
Janus Capital Group Inc. (NYSE: JNS) announced that Chief Financial Officer (“CFO”) Bruce Koepfgen will be promoted to a newly established role as President of JCG. Replacing Mr. Koepfgen as CFO will be Jennifer J. McPeek, who is currently Senior Vice President and Treasurer and has been with the firm since 2009. Prior to joining JCG in late-2009, Ms. McPeek was Senior Vice President of Strategic Planning at ING Investment Management – Americas Region.
Covisint, a Compuware (NASDAQ: CPWR) company, announced that it has appointed Enrico Digirolamo as Chief Financial Officer. Most recently, Mr. Digirolamo was Senior Vice President at Allstate Insurance. He served as Vice President and Chief Financial Officer for General Motors Europe from 2008-10. Mr. Digirolamo also served as the CFO for GM’s North American Sales, Global Powertrain Operations and South American Operations. He was also the CFO and acting President of Covisint at the time of its formation in 2000.
Electro-Sensors, Inc. (NASDAQ: ELSE) announced the appointment of David L. Klenk as CEO and CFO of the company. Mr. Klenk recently joined the Electro-Sensors board of directors and now replaces Bradley D. Slye in these roles. Mr. Klenk was most recently as director and president of Harland Medical Systems, Inc. Previously, he held executive positions of increasing responsibility, including director, president and COO, at August Technology Corporation (now Rudolph Technologies, Inc.). Mr. Klenk currently serves on the boards of Electro-Sensors and two privately-held companies. In addition, the company has announced the appointment of Scott A. Gabbard to the Electro-Sensors board of directors. Mr. Gabbard is currently CFO of Magenic Technologies, Inc. Previously, he was VP of Finance for August Technology Corporation, where he was instrumental in the company’s growth and eventual merger with Rudolph Technologies. Prior to August Technology, Mr. Gabbard served in various roles at U.S. Office Products.