CFO Moves this week include:
|Starwood Hotels & Resorts Worldwide, Inc.||Bank of America Merchant Services||Helen of Troy Limited|
|Demandware, Inc.||athenahealth, Inc.||Model N, Inc.|
|OptiMine Software||Victory Electronic Cigarettes Corporation||Magnolia International|
|Spectrum Brands Holdings, Inc.||Ringler Associates||Lime Energy Co.|
|Nutanix||PeopleFluent||Stonegate Mortgage Corporation|
|Pernix Therapeutics Holdings, Inc.||Capital Senior Living Corporation||Inland Real Estate Income Trust, Inc.|
|Gigamon Inc.||Petco||North Highland|
|American Homes 4 Rent||Mobile Solutions|
|Unify||Pizza Inn Holdings, Inc.||Regado Biosciences, Inc.|
|LHP Hospital Group, Inc||PeoplesBank||Agri-Mark|
|Gale Force Petroleum Inc.||DigitalGlobe||NuVasive, Inc.|
|Rayonier Inc.||Integra LifeSciences Holdings Corporation|
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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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Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) announced that Vasant M. Prabhu has resigned as Vice Chairman and Chief Financial Officer to join NBCUniversal as Chief Financial Officer. Twenty-year Starwood veteran and finance leader Alan Schnaid, currently Senior Vice President, Finance and Chief Accounting Officer, will serve as interim Chief Financial Officer. Prabhu will continue with Starwood through May 30, 2014.
Bank of America Merchant Services announced the appointment of Kevin Race as CFO. Race mostly recently served as president and chief operating officer of Mortgage Banking at JPMorgan Chase & Co. Previously, Race held senior leadership and management roles at Wells Real Estate Funds, HomeBanc Mortgage Corp, HomeSide Lending and Fleet Mortgage Group.
Helen of Troy Limited (NASDAQ: HELE) announced the reorganization of its finance and operations departments and functions into a global shared services groups. Global Finance will be headed by Brian Grass, who is being promoted to Chief Financial Officer. Brian has been with Helen of Troy for over seven years as Vice President and Assistant CFO. Mr. Grass has over 13 years of previous experience in public accounting and financial leadership roles. Global Operations will be headed by Thomas Benson, who is being promoted to Chief Operations Officer. Mr. Benson has been SVP/CFO of Helen of Troy for 10 years. Mr. Benson is a hands-on manager who brings a strong background in operations before joining Helen of Troy, and has been closely involved with key operational activities during his tenure with the Company.
Demandware, Inc. (NYSE: DWRE) announced that Timothy M. Adams, will join the company as Chief Financial Officer effective June 2, 2014. Mr. Adams will replace Scott J. Dussault, who announced in February that he was transitioning from Demandware to pursue other career opportunities. Mr. Adams currently serves as Senior Vice President and Chief Financial Officer of athenahealth. Previously, Mr. Adams served as Chief Investment Officer of Constitution Medical Investors. Earlier in his career, Mr. Adams was Chief Financial Officer at a number of publicly traded companies including Orthofix, Cytyc Corporation, and Digex, Inc. Mr. Adams also held various executive level positions at Modus Media International, which was acquired by CMGI, Geotrust, which was acquired by Verisign, and GTE Internetworking / BBN Planet. Mr. Adams began his career in public accounting at Price Waterhouse.
athenahealth, Inc. (NASDAQ: ATHN) announced the appointment of Karl Stubelis, currently athenahealth’s vice president and corporate controller, to the position of acting chief financial officer (CFO). Tim Adams has informed the company of his intention to step down as CFO after serving in the position for almost five years. In taking on the role of acting CFO, Stubelis will draw from more than 20 years of experience in finance and operations across various size companies, including Sapient. Adams will remain with the company through the end of May 2014, after which he will take on a paid advisory role throughout the months of June and July to ensure a seamless transition of his responsibilities and to help vet and hire athenahealth’s next CFO. Adams has accepted a position as CFO of Demandware.
Model N, Inc. (NYSE: MODN) announced the appointment of Mark Tisdel as Chief Financial Officer. Mark is currently the CFO of Steelwedge Software, and previously was the CFO of Spigit and Model N. Mark has also held leadership roles in Finance at Peoplesoft, GTE Mobilnet and Selectica. Model N’s current SVP and CFO, Sujan Jain, has decided to leave the company to pursue another opportunity. He will remain in his current role until May 16th.
OptiMine Software announced that the company has hired Sharri Major as Chief Financial Officer. Sharri has helped companies including Net Perceptions through public offerings, acquisitions, and private placements.
Victory Electronic Cigarettes Corporation (OTC: ECIG) announced that Jim McCormick has been appointed as the new Chief Financial and Administrative Officer of the Corporation. Mr. McCormick is a 16 year veteran of British American Tobacco and its associates (BAT) having served in multiple chief financial and general management capacities in key markets around the world. Most recently, Mr. McCormick was the Chief Financial Officer of Sodexo’s North American Corporate Services Division. Jim McCormick will be replacing Robert Hartford, former Victory CFO who will be assuming the role as head of franchising for the company’s retail stores and retail mobile kiosk units.
Magnolia International announced the appointment of Alain Kugelmann as Chief Financial Officer. Kugelmann spent the last 14 years in various financial positions with the French multinational conglomerate Alstom.
Spectrum Brands Holdings, Inc. (NYSE: SPB) announced that Tony Genito, Executive Vice President and Chief Financial Officer, plans to leave the Company at the end of calendar 2014 to return with his family to the Southeast. Mr. Genito will remain in his role with Spectrum Brands until the end of 2014 to ensure a smooth and orderly transition to his successor. Mr. Genito has served as Chief Financial Officer since March 2007.
Ringler Associates announced that Joseph Loseman has been promoted to Senior Vice President, Chief Financial Officer (CFO). Mr. Loseman joined Ringler Associates’ Newport Beach, CA corporate office in 2000 and previously held the position of Director of Operations.
Lime Energy Co. (NASDAQ: LIME) announced that Mary Colleen Brennan will be joining the company as Chief Financial Officer. Ms. Brennan will become Chief Financial Officer following the departure of Jeffrey Mistarz, who will be leaving the Company following the filing of the Company’s quarterly report for the first quarter of 2014, which is anticipated to occur the week of May 12, 2014. Prior to Lime Energy, Ms. Brennan spent nearly a decade as the Chief Financial Officer and Treasurer of Halcrow, Inc., and predecessor firm Han-Padron Associates, LLP. Prior, she was Director of Finance and Group Controller for a $500 million business unit of Telcordia Technologies, Inc. She also served in several senior accounting positions with Burns and Roe Enterprises, Inc.
Nutanix announced the appointment of Duston Williams to the position of chief financial officer. Over the past 7 years, he has led two companies through an IPO, including his most recent IPO at Gigamon. Prior to joining Gigamon, Duston served as CFO of Sandforce through its acquisition by LSI Corporation. Before Sandforce, Duston led Infinera’s IPO in June 2007, along with a secondary offering in October 2007. Duston also served as CFO of Maxtor Corporation where he played a significant role in its sale to Seagate. He also had a 14-year tenure at Western Digital Corporation, including four years as CFO. Duston will commence his role at Nutanix in early June.
PeopleFluent announced the appointment of Andrew Keenan as its new Chief Financial Officer (CFO). Mr. Keenan joins PeopleFluent from Dyn, Inc., where he served as CFO. Mr. Keenan previously held senior finance roles at a number of software and technology companies, including Cadre Technologies, Inc., SystemSoft Corporation, Provant, Inc., Vovici and Carbonite.
Stonegate Mortgage Corporation (NYSE: SGM) announced that it has named Robert B. Eastep as its Chief Financial Officer effective May 9, 2014. Mr. Eastep replaces John Macke who will resume his former position at Stonegate as Executive Vice President, Capital Markets. Since October 2012, Mr. Eastep has served as President, Chief Executive Officer and Director of Union Mortgage Group. Union Mortgage Group is a non-bank affiliate of Union First Market Bankshares. Prior to Union Mortgage Group, Mr. Eastep served as Senior Vice President and Chief Financial Officer for Central Virginia Bankshares, Inc. In addition, Mr. Eastep served as Director and Audit Committee Chairman for CreXus Investment Corporation, from its inception in 2008 to its sale to Annaly Capital Management in 2013. Mr. Eastep’s additional experience includes serving as Executive Vice President and Chief Financial Officer of Saxon Capital, Inc. He was also a Senior Manager (Financial Services Audit Practice) for KPMG Peat Marwick LLP.
Pernix Therapeutics Holdings, Inc. (NASDAQ: PTX) announced the appointment of Tasos Konidarisas a non-executive Director and as Chairman of the Audit Committee. Mr. Konidaris has served as Senior Vice President and Chief Financial Officer of Ikaria, Inc. since October 2011. Prior to joining Ikaria, since 2007, Mr. Konidaris served as Senior Vice President and Chief Financial Officer at Dun & Bradstreet (D&B) Corporation. He was Principal Accounting Officer and led the Global Finance Operations of D&B beginning in 2005. From 2003 to 2005, Mr. Konidaris served as Group Vice President of the Global Pharmaceutical and Global Diversified Products Groups at Schering-Plough Corporation. Earlier in his career, Mr. Konidaris held senior financial and operational positions of increasing responsibility at the Pharmacia Corporation, Rhone-Poulenc Rorer, Novartis Corporation and Bristol-Myers Squibb Company.
Capital Senior Living Corporation (NYSE: CSU) announced that Carey P. Hendrickson will join the Company as Senior Vice President and Chief Financial Officer. Mr. Hendrickson succeeds Ralph A. Beattie, who will retire on May 16, 2014 from his position as Executive Vice President and Chief Financial Officer, but will continue as a consultant to the Company until February 28, 2015. Mr. Hendrickson has held numerous positions in finance and administration over 22 years at Belo Corp. He served as Belo’s Senior Vice President/Chief Financial Officer and a member of Belo’s Management Committee from 2010 until the company was sold to Gannett Co., Inc. in December 2013. Prior to that, Mr. Hendrickson served in various roles at Belo including Senior Vice President/Chief Accounting Officer, Vice President/Human Resources, Vice President/Investor Relations and Corporate Communications and Vice President/Strategic and Financial Planning.
Inland Real Estate Income Trust, Inc. (Inland Income Trust) announced that Catherine Lynch was unanimously elected chief financial officer of Inland Income Trust. Ms. Lynch is also currently the chief financial officer and a director of Inland Real Estate Investment Corporation (IREIC), the sponsor of Inland Income Trust. Ms. Lynch joined IREIC in 1989. She is also currently a director of The Inland Group, Inc. and Inland Securities Corporation. Prior to joining IREIC, she worked in public accounting for KPMG LLP.
Gigamon Inc. (NYSE: GIMO) announced that Duston Williams has informed the company of his intention to step down as chief financial officer to take a new position with a privately held company. Mr. Williams will continue in his role at Gigamon until June 6, 2014, and will remain available in an advisory capacity through August 30, 2014 working on transition and other matters. Following Mr. William’s departure, Ravi Narula, Gigamon’s chief accounting officer, will serve as the interim chief financial officer until a permanent replacement is found. Mr. Narula has been serving as Gigamon’s chief accounting officer since 2013 and vice president, corporate controller since 2012. Prior to joining Gigamon, Mr. Narula held a number of finance and accounting roles for other publicly traded technology companies, including serving as chief financial officer at BigBand Networks, Inc.
Petco announced that Larry Rutkowski has joined the company as Executive Vice President and Chief Financial Officer. Prior to joining Petco, Rutkowski served as Executive Vice President and Chief Financial Officer for The Warnaco Group, and Primedia. Previously, he also held senior financial leadership positions at General Electric and Walt Disney Company.
North Highland announced the appointment of David Cathcart to its executive team as chief financial officer. Most recently, Cathcart served as interim CEO of TRX, Inc., leading its sale to Concur Technologies, Inc. in 2013. Prior to his role as CEO, he was CFO of TRX for six years.
Cardinal Health announced that it has elected David J. Anderson, as an independent director, effective April 25, 2014. Anderson most recently served as senior vice president and chief financial officer of Honeywell International until the announcement of his retirement on April 7, 2014. He will also serve on the audit committee of the Board. Anderson, served as Honeywell’s CFO since 2003. Previously, he was CFO of ITT Industries and of Newport News Shipbuilding. He has also held senior financial positions with RJR Nabisco and The Quaker Oats Company. Anderson currently sits on the Board of Directors of American Electric Power. Today, he serves as chairperson for Chicago Booth’s CFO Forum.
American Homes 4 Rent (NYSE: AMH) announced that Diana M. Laing will join the Company on May 18 as Chief Financial Officer. Ms. Laing previously served as Chief Financial Officer and Secretary of Thomas Properties Group, Inc. from May 2004 until it merged with Parkway Properties in December 2013. Before that, she held a number of senior executive finance positions in the real estate industry, including as Executive Vice President, Chief Financial Officer and Corporate Secretary of Arden Realty, from 1996 to 2000. She is also a member of the Board of Directors of The Macerich Company, where she is Chair of the Audit Committee and a member of the Compensation Committee.
Mobile Solutions announced that Robert S. Pfeiffer will join the company’s executive team as the Chief Financial Officer. His previous experiences have included serving as CEO of an alternative energy company, working in the auditing practice of a public accounting firm, and serving in financial and administrative capacities for various energy companies.
Unify, formerly Siemens Enterprise Communications, announced that it has appointed Liliana Solomon as the company’s global Chief Financial Officer. Solomon most recently served as European CFO at the Vodafone Group, and previously as CEO of the company’s operations in Romania. She also served in financial controlling and CFO roles over her 20 year career at leading brands including Cable & Wireless, Deutsche Telekom, and O.Tel.O Germany. Solomon will replace Ray Leclercq of The Gores Group who has been serving in that role in an interim capacity since mid-2013.
Pizza Inn Holdings, Inc. (NASDAQ: PZZI) announced that it has hired Timothy Mullany to become the company’s Chief Financial Officer. Mullany comes to Pizza Inn Holdings after serving as the CFO of Restaurants Unlimited, Inc. Prior to joining Restaurants Unlimited, Mullany served as the Chief Financial Officer for Smashburger and its parent company, Consumer Capital Partners.
Regado Biosciences, Inc. (NASDAQ: RGDO) announced the appointment of R. Don Elsey as Senior Vice President, Finance, and Chief Financial Officer. Most recently, Mr. Elsey served as Chief Financial Officer and Executive Vice President at LifeCell Corporation. Prior to joining LifeCell in 2012, Mr. Elsey served as Chief Financial Officer, Senior Vice President and Treasurer of Emergent BioSolutions Corporation. Mr. Elsey previously served as Director of Finance & Administration for BioVeris Corporation and, prior to that, held various management positions at PE Corporation (APPLERA) and IBM. Mr. Elsey currently serves on the boards of RegeneRx Biopharmaceuticals, and the Cancer Support Community.
LHP Hospital Group, Inc. announced that John W. Ehrie has been promoted to Executive Vice President and Chief Financial Officer (CFO). He succeeds Mark Miller, who recently resigned from that position. Ehrie joined LHP in November 2012 as vice president of financial planning and analysis, and most recently served as senior vice president of finance. Prior to joining LHP, Ehrie served as senior vice president of accounting and shared services, and vice president and controller for 7-Eleven, Inc. He also served as vice president and controller of Wal-Mart International, chief financial officer of Recall Corporation and Zep, Inc. and was a partner with KPMG.
PeoplesBank announced that Steven M. Mitus, Executive Vice President and Chief Financial Officer of Balise Motor Sales Company, has been named to the PeoplesBank Board of Directors. Mr. Mitus formerly served as a Corporator for the bank. Mr. Mitus currently serves as a Trustee of Baystate Health, where he is Vice Chair of the Audit Committee and a member of the Compensation Committee; as a Trustee of the Community Foundation of Western Massachusetts, where he chairs the Audit and Finance committee; and as a Director of Health New England, where he is a member of the Compensation and the Audit committees.
Agri-Mark announced that Ed Townley has recently been promoted to Chief Operating Officer, after nine years as Chief Financial Officer for Cabot Creamery Cooperative. In his capacity as COO, Townley assumes the role previously held by Dr. Richard Stammer, who was appointed CEO for Agri-Mark in November 2012, and remains as CEO. Townley’s career included prior stints with IBM and Lane Press.
Gale Force Petroleum Inc. (OTC: GFPMF) announced that Guillaume Dumas has stepped down from the position of Interim Chief Financial Officer, and Don DeMoss has joined the Company as its Chief Financial Officer. Don DeMoss has over 35 years’ experience working in financial management of private and public oil and gas companies in the Southern USA.
DigitalGlobe (NYSE: DGI) announced that company Chief Financial Officer, Yancey L. Spruill, will step down as CFO on Oct. 1, 2014. Spruill will continue in his role as CFO and will support the search for his successor. Spruill joined DigitalGlobe in 2004 after a career as an investment banker and as a manufacturing engineer, and has served as the company’s CFO during his entire tenure.
NuVasive, Inc. (NASDAQ: NUVA) announced that Michael Lambert intends to retire from his role as Chief Financial Officer later this year and that Quentin Blackford, its current Executive Vice President of Finance, Accounting and Investor Relations, will succeed Mr. Lambert. Mr. Lambert has been NuVasive’s Chief Financial Officer since November 2009. His retirement as our Chief Financial Officer, which will be effective on July 31, 2014, is for personal and family reasons. Mr. Lambert plans to stay actively employed with NuVasive through March 31, 2015 to assist with the transition to Mr. Blackford. Mr. Blackford will assume the role of Chief Financial Officer on August 1, 2014. Mr. Blackford has served as Executive Vice President of Finance, Accounting and Investor Relations since February 2014, following his tenure as Senior Vice President of Finance & Investor Relations since July 2012. Prior to that, he served as Vice President, Finance from January 2011. Mr. Blackford joined NuVasive in 2009 as Corporate Controller. His experience in the medical device industry includes his time at Zimmer Holdings, Inc. where he held various roles and responsibilities, including the Director of Finance & Controller for Zimmer’s Dental Division. Prior to his role at Zimmer’s Dental Division, Mr. Blackford directed the corporate-wide financial planning and analysis function for Zimmer Holdings, Inc.
Rayonier Inc. (NYSE: RYN) announced that H. Edwin Kiker will become its next Senior Vice President and Chief Financial Officer, effective May 1, 2014. Kiker has held a series of senior roles with Rayonier during his twelve-year tenure with the company, including Controller of Rayonier’s Real Estate business, Vice President of Internal Audit and, most recently, Vice President of Investor Relations. Prior to joining the Company, he held audit positions with Great Lakes Chemical and PricewaterhouseCoopers. He will replace Hans Vanden Noort, Rayonier’s current Senior Vice President and Chief Financial Officer since 2007, who plans to retire from Rayonier effective April 30, 2014.
Integra LifeSciences Holdings Corporation (NASDAQ: IART) announced that it has appointed Glenn G. Coleman as Corporate Vice President and Chief Financial Officer. Coleman replaces Jack Henneman, who was appointed Corporate Vice President and Chief Administrative Officer. Mr. Coleman is currently the Vice President, Finance and Corporate Controller of Curtiss-Wright Corporation. Prior to joining Curtiss-Wright in 2008, Mr. Coleman worked at Alcatel-Lucent for more than 10 years in various finance executive leadership positions, including Vice President for the Wireless and Wireline Business Groups, Controller for the Americas region, Vice President of Internal Audit and Finance Director of External and Internal Reporting. Mr. Coleman began his career at PricewaterhouseCoopers LLP. Mr. Henneman joined Integra in 1998 as General Counsel and Chief Administrative Officer. Mr. Henneman was appointed Acting Chief Financial Officer in 2007 and assumed the role permanently in 2008.