CFO Moves – week ending September 13, 2013

CFO Moves this week include:

World Acceptance Corporation	Time Warner Cable	InVivo Therapeutics Holdings Corp.
North American Bancard	Heritage Bankshares, Inc.	Back to Nature Foods Company, LLC
Gaming Partners International Corporation	Thor Industries, Inc.	Rasmussen College
Lotame	eRecyclingCorps	STAAR Surgical Company
Illinois Tool Works Inc.	Virtu Financial	Dealer.com
Salesforce.com	Arrhythmia Research Technology Inc.	BrightTALK
Intersil Corporation	Integrated Device Technology, Inc	Outbrain
juwi Wind, LLC	Erickson Air-Crane Incorporated	Endo Health Solutions Inc.
Tuesday Morning Corporation	Regeneron Pharmaceuticals, Inc.	Ascent Solar Technologies, Inc.
GrafTech International Ltd.	Brooks Automation, Inc.	Delcath Systems, Inc.
Enterprise Financial Services Corp.	Entitle Direct Group, 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 s.dergel@stantonchase.com or by phone at +1 (415) 738-2070.

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World Acceptance Corporation (NASDAQ: WRLD) announced that Kelly M. Malson plans to retire from her position as Senior Vice President and Chief Financial Officer of the Company. Malson’s eight-year tenure with the Company began in 2005, and she has served as the Company’s Chief Financial Officer of the since March 2006.

Time Warner Cable (NYSE: TWC) announced that Mark FitzPatrick has been promoted to the role of Senior Vice President and Chief Financial Officer of Residential Services. FitzPatrick most recently served as Senior Vice President of Finance for Time Warner Cable. Prior to joining Time Warner Cable in 2006, FitzPatrick served as Vice President of Corporate Development at AOL Inc. Before joining AOL in 2003 FitzPatrick was a Vice President in Citigroup’s Investment Banking Division (previously, Salomon Smith Barney).

InVivo Therapeutics Holdings Corp. announced that the acting CFO, Sean F. Moran, has resigned effectively immediately. In the meantime, the interim CEO, Michael J. Astrue, will serve as principal financial officer until a replacement is named.

North American Bancard announced the appointment of Kirk Haggarty as the company’s new chief financial officer. Haggarty comes to NAB from Atlas Oil Company, where for four years he served as executive vice president and chief financial officer. Prior to that, Haggarty served nine years as co-founder and president for Donnelly Penman & Partners.

Heritage Bankshares, Inc. (OTC: HBKS), the parent of Heritage Bank, announced that its Executive Vice President and Chief Financial Officer, John O. Guthrie, is retiring from the Company and the Bank, effective March 31, 2014.  Anne F. Vanderberry, currently Senior Vice President and Controller of the Bank, will become Chief Financial Officer of the Company and the Bank, effective April 1, 2014.

Back to Nature Foods Company, LLC announced the appointment of Erin McKone to Vice President of Finance and Chief Financial Officer.  She began her career at KPMG and has held financial management roles at various companies including Kimberly-Clark Corporation.  Prior to her appointment, Ms. McKone served as Corporate Controller.

Gaming Partners International Corporation (NASDAQ: GPIC) announced that Michael D. Mann has been appointed as Chief Financial Officer and Treasurer, effective September 30, 2013.  He will also serve as Chief Financial Officer and Treasurer of the Company’s subsidiary, Gaming Partners International USA, Inc.  Mr. Mann will replace Gerald W. Koslow. Mr. Mann’s prior industry experience includes serving as Chief Audit Executive of Tropicana Entertainment, Inc.; serving as Director of Enterprise Risk Management at Caesars Entertainment Corporation; and serving as a senior financial officer at various specialty manufacturing firms, including more than three years as Chief Financial Officer at Cleo, Inc.  Earlier in his career, Mr. Mann was an auditor with Arthur Andersen LLP.

Thor Industries, Inc. (NYSE: THO) announced that it has named Colleen Zuhl as Chief Financial Officer effective October 1, 2013.  Mrs. Zuhl replaces Dominic Romeo, who will continue to work with Thor on a consulting basis. Mrs. Zuhl joined Thor in June 2011 and has served in a variety of roles, including Vice President and Corporate Controller as well as Interim Chief Financial Officer from October 2012 through February 2013.  Prior to her experience at Thor, Mrs. Zuhl served as Chief Financial Officer for All American Group, Inc. (formerly known as Coachmen Industries, Inc.).  Prior to her tenure at All American Group, Mrs. Zuhl spent more than 15 years at Ernst & Young, LLP, most recently as an audit senior manager.

Rasmussen College announced the appointment of Brent Dobsch as its new chief financial officer. Prior to joining Rasmussen College, Dobsch served as the chief financial officer of UL Environment, a subsidiary of Underwriters Laboratories.

Lotame announced that it has hired Mike Sullivan as Chief Financial Officer. Most recently, Sullivan was Executive Vice President and CFO at Targus Information Corporation. Sullivan’s decorated resume also includes successful leadership roles at NexTone Communications and E-centives.

eRecyclingCorps announced the appointment of Brian Wing as chief financial officer. Most recently, Wing served as chief financial officer, senior vice president and treasurer of Consolidated Electrical Distributors Inc. Before that, Wing served in leadership roles at leading toy company MGA Entertainment and as a partner at Ernst & Young.

STAAR Surgical Company (NASDAQ: STAA) announced that Stephen P. Brown, has joined the Company as Chief Financial Officer.  Deborah Andrews, who has served as the CFO since 2005, is remaining with the Company as Vice President, Chief Accounting Officer. Mr. Brown joins STAAR from Bausch & Lomb Surgical, where he served as Vice President, Global Finance since 2008.  Prior to joining Bausch & Lomb, Mr. Brown was Chief Financial Officer of Hoya Surgical Optics and he served in various capacities over a 13 year period with Johnson & Johnson including Chief Financial Officer of the Advanced Sterilization Products division.

Illinois Tool Works Inc. (NYSE: ITW) announced that Michael M. Larsen has been elected senior vice president and chief financial officer. Mr. Larsen recently served as president and chief executive officer of Gardner Denver, Inc. He also served as chief financial officer of Gardner Denver, and prior to that held a number of key finance roles throughout a 15-year tenure at General Electric Company.

Virtu Financial announced it has appointed Joseph Molluso as Executive Vice President and Chief Financial Officer.  Prior to joining Virtu, Mr. Molluso was most recently a Managing Director at J.P. Morgan since 2006.  Previously, he served as a Director at Credit Suisse.  He began his investment banking career as an Associate with Donaldson, Lufkin & Jenrette.

Dealer.com announced the appointment of Craig Dynes as chief financial officer. Prior to joining Dealer.com in August 2013, Dynes served as chief financial officer for Pegasystems, Inc.

Salesforce.com (NYSE: CRM) announced the appointment of Robin Washington to its Board of Directors.  Washington is currently the Senior Vice President and Chief Financial Officer of Gilead Sciences, Inc., which she joined in 2008. Washington was previously Chief Financial Officer of Hyperion Solutions, which was acquired by Oracle Corporation in March 2007. Prior to Hyperion, she served in a number of executive positions with PeopleSoft, most recently in the role of Senior Vice President and Corporate Controller. Washington is a member of the Board of Directors of Honeywell, the Board of Directors of the San Jose Children’s Discovery Museum and the Board of Visitors of Graziadio School of Business and Management at Pepperdine University.

Arrhythmia Research Technology Inc. (NYSE: HRT) announced that the Company’s Board of Directors appointed Derek T. Welch, the Company’s Corporate Controller, to act as principal financial officer and accounting officer of the Company upon the resignation, effective September 12, 2013, of David A. Garrison, who served as the Company’s Executive Vice President and Chief Financial Officer.

BrightTALK announced the appointment of John Eichhorn as Chief Financial Officer and Member of the Board of Directors. Mr. Eichhorn worked for several notable companies including HP, Cisco, Adobe, Business Objects Inc. (acquired by SAP), PayCycle Inc. (acquired by Intuit), and Tropos Networks (acquired by ABB).

Intersil Corporation (NASDAQ: ISIL) announced the appointment of Richard Crowley as senior vice president and chief financial officer effective September 23. Mr. Crowley was most recently the senior vice president and CFO for Integrated Device Technology (IDT). Prior to joining IDT in 2008, Mr. Crowley was the vice president of finance and chief financial officer at Micrel for nine years. Prior to Micrel, he was the CFO at Vantis Corporation and held senior level finance positions at National Semiconductor Corporation including corporate controller.

Integrated Device Technology, Inc. (NASDAQ: IDTI) announced that Richard D. Crowley, senior vice president and chief financial officer, will be resigning his position with IDT to pursue another executive opportunity. The Company has appointed Brian C. White as chief financial officer effective September 11, 2013. White has more than 25 years of accounting and financial experience, including six years as vice president of finance and treasurer at IDT. He also served as interim CFO at the Company in 2008. Prior to IDT, White served as director of business operations at NVIDIA and held a variety of senior level finance positions at IBM and Hitachi GST.

Outbrain announced that Jeff Davison has joined the company as Chief Financial Officer. Jeff most recently served as Chief Financial Officer at RightNow Technologies.  Prior to RightNow, Jeff was the controller for Powerhouse Technologies.

juwi Wind, LLC announced that Michael Hammond joined the leadership team as Chief Financial Officer. Before becoming one of the industry’s top consultants, Hammond served as Senior Vice President of Project Finance at Airtricity. Hammond’s career has also seen posts at GE Energy Financial Services and Heller Financial, Inc. and four years at State Street Boston Capital Corporation. He started his career in public accounting at Coopers & Lybrand.

Erickson Air-Crane Incorporated (NASDAQ: EAC) announced that Eric K. Struik has joined the Company’s leadership team as its new Chief Financial Officer. Mr. Struik recently served as Vice President of Finance for Remy International. Prior to his tenure with Remy International, Mr. Struik was Vice President of Finance and Investor Relations for Callaway Golf. Prior to Callaway, Mr. Struik developed a deep and varied background in managing financial operations for manufacturing businesses, having held positions with Visteon, Lear, and Chrysler corporations. Mr. Struik replaces Chuck Ryan, its outgoing Chief Financial Officer.

Endo Health Solutions Inc. (NASDAQ: ENDP) announced that it had appointed Suketu “Suky” Upadhyay as executive vice president and chief financial officer of Endo, effective September 23, 2013. Prior to joining Endo, Mr. Upadhyay served as principal accounting officer and interim chief financial officer of Becton, Dickinson & Company (BD). In addition to other executive finance roles at BD, he served in various finance leadership roles at Astra Zeneca and Johnson & Johnson.

Tuesday Morning Corporation (NASDAQ: TUES) announced the appointment of Jeffrey Boyer as Executive Vice President, Chief Administrative Officer and Chief Financial Officer. Mr. Boyer fills both the existing Chief Administrative Officer vacancy and replaces Stephanie Bowman, who has decided to pursue other professional interests but will remain with Tuesday Morning in a consultative capacity to facilitate a smooth transition. Since June 2012, Boyer served as Executive Vice President and Chief Operating Officer of 24 Hour Fitness Worldwide. From April 2008 until June 2012, he was Executive Vice President and Chief Financial Officer at 24 Hour Fitness Worldwide. Previously, he served as President and Chief Financial Officer of Michaels Stores, Inc. from July 2007 until April 2008 and Co-President and Chief Financial Officer from March 2006 to July 2007. Mr. Boyer also held the position of Executive Vice President and Chief Financial Officer of Michaels Stores, Inc. from January 2003 to March 2006. Prior to joining Michaels, Boyer served as the Executive Vice President and Chief Financial Officer of Kmart Corporation and held multiple positions with Sears, Roebuck & Company, advancing to the post of Senior Vice President and Chief Financial Officer. Earlier in his career, he served in senior capacities with the Pillsbury Company and Kraft General Foods. Boyer began his career as an accountant with PricewaterhouseCoopers in 1980.

Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN) announced the appointment of Robert E. Landry as Senior Vice President, Finance. Mr. Landry will also assume the position of Chief Financial Officer of Regeneron on October 1. After 18 years as CFO, Murray A. Goldberg will transition to a new role as Senior Vice President, Administration in anticipation of his retirement at the end of 2014. Mr. Landry was most recently Senior Vice President and Treasurer of Pfizer, Inc. Prior to serving as Senior Vice President and Treasurer of Pfizer, Mr. Landry held a variety of U.S. and international financial and general management positions at Wyeth and Pfizer including Senior Vice President — Finance, Pfizer’s Diversified Businesses, Treasurer of Wyeth, Director of Sales and Marketing and Chief Financial Officer for Wyeth Pharmaceuticals’ Australian and New Zealand affiliates, and various other assignments in both the pharmaceuticals business and the parent company. Mr. Landry joined Wyeth after spending two years as an auditor with PricewaterhouseCoopers LLP.

Ascent Solar Technologies, Inc. (NASDAQ: ASTI) announced that Bill Gregorak has been appointed Chief Financial Officer. Prior to joining Ascent Solar, Mr. Gregorak served as Vice President and CFO of Thule Organized Solutions. Before Thule, Mr. Gregorak was the Vice President and corporate controller for Advanced Energy and Xilinx Corporations. Prior to 2000, Mr. Gregorak spent 17 years with Hewlett-Packard in various financial and operational capacities.

GrafTech International Ltd. (NYSE:GTI) announced that Erick R. Asmussen, GrafTech’s current Vice President of Strategy, Planning and Corporate Development, has been appointed Vice President and Chief Financial Officer. Since joining GrafTech in 1999 as Tax Director, he has also served as GrafTech’s Worldwide Controller (December 1999 – August 2002) and Treasurer and Director of Finance (September 2002 –April 2005). He became Vice President of Strategy, Planning and Corporate Development in May 2005. Prior to joining GrafTech, Mr. Asmussen served as Director of Tax Planning for Corning Incorporated, Tax Manager for AT&T Corporation, and Senior Tax Consultant for Arthur Andersen LLP. Mr. Asmussen succeeds Lindon Robertson who has left GrafTech to pursue other opportunities.

Brooks Automation, Inc. (NASDAQ: BRKS) announced the appointment of Lindon G. Robertson as Executive Vice President and Chief Financial Officer, effective October 1, 2013. Mr. Robertson previously was the Vice President and Chief Financial Officer of Graftech International. Prior to Graftech International, he worked for IBM Corporation for over 25 years in various senior financial management positions, including CFO of IBM’s global hardware business and CFO of IBM’s Japan and China operations.

Delcath Systems, Inc. (NASDAQ: DCTH) announced that the Company’s Board of Directors has implemented a leadership transition plan under which Graham Miao, the Company’s current Executive Vice President and Chief Financial Officer, has been appointed to serve as Interim Co-President and Co-Chief Executive Officer. In addition to his role as Interim Co-President and Co-Chief Executive Officer, Dr. Miao shall continue to serve as the Company’s Executive Vice President, Chief Financial Officer. Dr. Miao joined Delcath in 2011 as Executive Vice President and Chief Financial Officer. Previously, he served as Chief of Staff of the Global CFO Organization and member of the Financial Leadership team of Dun & Bradstreet Corporation.  Prior to joining Dun & Bradstreet, Dr. Miao was Executive Vice President & CFO of Pagoda Pharmaceuticals.  In addition, Dr. Miao has held various leadership positions, including division CFO roles, with Symrise, Inc., Schering-Plough Corporation and Pharmacia Corporation, and served as a biotech equity analyst with J.P. Morgan.

Enterprise Financial Services Corp. (NASDAQ: EFSC) announced that Keene S. Turner will join the Company as Executive Vice President and Chief Financial Officer, effective October 14, 2013. He previously served at National Penn Bancshares, Inc. in Pennsylvania as Executive Vice President and Chief Accounting Officer. Prior to National Penn, Turner was a vice president at the investment banking firm Griffin Financial Group. Turner succeeds Frank Sanfilippo, who was named Executive Vice President and Chief Operating Officer for Enterprise. Sanfilippo joined Enterprise in 2001 as its CFO.

Entitle Direct Group, Inc., the parent company of EnTitle Insurance Company, announced the appointment of John Sheffield as its new Chief Financial Officer and Corporate Secretary. Prior to joining EDG in 2013, John served as Executive Vice President, Chief Financial Officer and Corporate Secretary for a publicly traded manufacturer of healthcare supplies. Prior to that John held senior positions in the investment banking industry with Bank of America Merrill Lynch and the Bank Street Group after many years with Wasserstein Perella & Co. He commenced his professional career as an auditor with a predecessor to PricewaterhouseCoopers.