CFO Moves this week include:
|Starwood Property Trust||Bob Evans Farms, Inc.||OMNOVA Solutions|
|Old Nassau Imports, LLC||Vaxart||Allegro Development Corporation|
|Good Times Restaurants Inc.||Veeco Instruments Inc.||Bovie Medical|
|inVNT||TSYS||Novitex Enterprise Solutions|
|Compliance Science, Inc.||Orthofix International N.V.||General Employment Enterprises, Inc.|
|comScore, Inc.||OrthoAccel Technologies, Inc.||Bridger, LLC|
|Sebring Software, Inc.||AVI-SPL||Olin Corporation|
|National Asset Services||Panache Beverage Inc.||FreeCast Inc.|
|Intelligent Living Inc.||Waywire Networks||Koppers Holdings Inc.|
|Assurant, Inc.||Plexus Corp.||BlueLinx Holdings 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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Auction.com has named former Yahoo! Inc. chief financial officer and interim chief executive officer Tim Morse as CFO and executive vice president. To facilitate a seamless transition, he is working closely with outgoing CFO Bruce Felt, who will depart in June. After leaving Yahoo! in the fall of 2012, he joined online advertising start-up Adap.tv, where he led IPO efforts to near conclusion. Just before going public, the fast-growing tech company was acquired by AOL, Inc. For 15 years, Morse held numerous positions of progressively greater financial leadership with the General Electric Company. In July 2005, Morse was named CFO and general manager of business development for GE Plastics. He left GE in 2007 to become CFO for the Altera Corporation.
Target announced that John Mulligan, Target’s chief financial officer, has been appointed as interim president and chief executive officer. Mr. Mulligan will serve in his role until a permanent replacement is named.
Celanese Corporation (NYSE: CE) announced that Steven Sterin has resigned as the company’s chief financial officer. Chris Jensen, senior vice president, finance and chief accounting officer, will serve as the company’s interim chief financial officer. Chris joined Celanese in 2005, and has held leadership positions in Finance including treasurer, controller and assistant controller. In addition to interim chief financial officer, he will continue as senior vice president, finance and chief accounting officer, where he has global responsibility for Tax, Treasury, Accounting, SEC reporting and Financial Shared Services. Prior to joining Celanese, Chris worked in the Inspections and Registration division of the Public Company Accounting Oversight Board. He spent thirteen years at PricewaterhouseCoopers LLP, in both the assurance and mergers and acquisitions groups.
Starwood Property Trust (NYSE: STWD) announced that, as part of the Company’s previously disclosed transition plan, Rina Paniry, who currently serves as the Chief Financial Officer of subsidiary LNR Property LLC, has been promoted to Chief Financial Officer. Ms. Paniry succeeded Stew Ward. Ms. Paniry joined LNR in June 2006 as Chief Accounting Officer. Prior to joining LNR, Ms. Paniry spent eleven years at Deloitte & Touche, where she began her career.
Bob Evans Farms, Inc. (NASDAQ: BOBE) announced that Paul F. DeSantis, the Company’s Chief Financial Officer and Treasurer, has resigned to accept a position with another company. T. Alan Ashworth, the Company’s Vice President of Corporate Development and Finance, will serve as Interim Chief Financial Officer and Treasurer. Alan joined the Company in 2011.
OMNOVA Solutions (NYSE: OMN) announced that Senior Vice President and Chief Financial Officer Michael E. Hicks has decided to retire on July 1, 2014 after 36 years of service to the Company. Paul DeSantis joins OMNOVA from Bob Evans Farms, Inc. He has served as Chief Financial Officer, Treasurer and Assistant Corporate Secretary since March 2011. Prior to Bob Evans, Mr. DeSantis was Chief Financial Officer and Treasurer of A. Schulman, Inc., from 2006 until 2011. Previously, he held senior financial positions at The Scotts-Miracle-Gro Company, The Kellogg Company and General Motors Acceptance Corporation (GMAC). The OMNOVA Board of Directors is expected to elect Mr. DeSantis to the position of Chief Financial Officer when they meet in June, with such election to become effective immediately upon Mr. Hicks’ retirement.
Old Nassau Imports, LLC announced the appointment of D. Ross Arthurs as Chief Executive Officer. Arthurs held the position of Chief Financial Officer since joining the company in 2009. Prior to joining Old Nassau Imports, Arthurs was a partner at Princeton Investment Partners, Ltd. In addition to his roles at Old Nassau Imports and Princeton Investment Partners, Arthurs’ past experience includes roles as Vice President and Partner at private investment firm TBM Industries, as President, Imperial Division of The Pullman Company, and as Marketing Director and then Chief Financial Officer at a meter manufacturer division of The Signal Companies.
Vaxart announced that John M. Harland has joined the company as chief financial officer, replacing David Madden, who served as acting CFO. Mr. Harland served most recently as CFO and secretary of Wafergen Biosystems, Inc., and before that he was vice president for finance and administration at Trinity Biosystems. Previously, he held the position of CFO for companies including Accuray Incorporated, Alliance Fiber Optic Products, Cardiovascular Imaging Systems, Neurobiological Technologies, and Circadian, Inc.
Allegro Development Corporation announced the appointment of Gary Ito as its Chief Financial Officer (CFO). He joins from MDS Financial Group, a private financial consulting firm providing CFO and Board advisory services, where he served as Managing Director. Prior to MDS Financial Group, he was CFO at INTTRA. Ito previously served as CFO of Quadrem. Following the sale of Quadrem, Ito remained at Ariba serving as the Customer Management Organization division’s CFO and head of operations. Ito began his career at Nortel, where for 18 years he held a variety of finance and general management positions in both North America and Asia.
Good Times Restaurants Inc. (NASDAQ: GTIM) announced that its board of directors has approved Robert Stetson as a new member of the board. He is the former Chief Financial Officer and President-Restaurant Division of Burger King Corp. and former Chief Financial Officer of Pizza Hut Inc. Beginning in 1994, Mr. Stetson built one of the largest public REITs focused on restaurant properties development, which merged into GE Capital. He is currently the founder and CEO of U.S. Restaurant Properties.
Veeco Instruments Inc. (NASDAQ: VECO) has appointed Shubham Maheshwari as its new Executive Vice President, Finance and Chief Financial Officer (CFO). Mr. Maheshwari replaces David D. Glass, who announced his retirement from Veeco last December. He most recently served as Chief Financial Officer of OnCore. Prior to this role, he held various finance roles including Senior Vice President Finance, Treasury, Tax and Investor Relations at Spansion. Prior to Spansion, he spent over ten years at KLA-Tencor, in various senior level corporate development and finance roles, including Vice President of Corporate Development and Corporate Controller.
Bovie Medical (NYSE: BVX) announced the appointment of Peter Donato as Executive Vice President and Chief Financial Officer. Most recently, he served as Corporate Controller for Cyberonics, Inc. Prior to that, Mr. Donato served as a CFO for Catasys, Inc., and before that, as CFO for IRIS International. Additionally, Bovie Medical announced that Gary Pickett has decided to leave the Company, effective June 18, 2014, to pursue other opportunities.
inVNT announced that Wolf Karbe has joined the company as Chief Financial Officer. He was formerly CFO and senior vice president at Show Media. He has previously worked with a Fortune 500 company, as well as the largest privately held out-of-home advertising company.
TSYS (NYSE: TSS) announced the retirement of James B. Lipham as Senior Executive Vice President and Chief Financial Officer effective June 30, 2014, and the appointment by the TSYS Board of Directors of Paul M. Todd as Senior Executive Vice President and Chief Financial Officer effective July 1, 2014. Paul Todd has served as executive vice president for strategy, mergers and acquisitions, product and marketing since 2008. Prior to 2008, Todd was President and Chief Executive Officer of Synovus Financial Management, a unit of Synovus Financial Corp.
Compliance Science, Inc. announced that Scott Puma has joined the Company as Chief Financial Officer. Most recently, from 2012 to 2014, Mr. Puma served as Vice President of Finance at Axial. Prior to Axial, Mr. Puma was Vice President of Finance & Administration at TheMarkets.com. In addition, Mr. Puma has served in senior financial and operational leadership positions at Vigilante, Mail.com and Geotek Communications.
Orthofix International N.V. (NASDAQ: OFIX) announced the appointment of Mark A. Heggestad as Chief Financial Officer (CFO). Mr. Heggestad will succeed David Ziegler, who has been serving as Interim CFO. He previously served as Executive Vice President and CFO at American Medical Systems Holdings, Inc. Prior to this he held a variety of executive and management roles at Medtronic, Inc., including Vice President of Finance and IT for the Cardiac Surgery Business, Vice President of Corporate Audit & Compliance Assurance and Vice President of Corporate Finance, Assistant Controller. Before joining Medtronic, Mr. Heggestad worked as an audit manager for KPMG.
General Employment Enterprises, Inc. (NYSE: JOB) announced that it has appointed Francis (Frank) Elenio as its Chief Financial Officer. Mr. Elenio has held the position of Chief Financial Officer for SignalPoint Holding Corp., Wilshire Enterprises, Inc., as well as GoAmerica, Inc. and RoomLinX, Inc. Mr. Elenio has also acted as Managing Director of Reeff Consulting, LLC. Mr. Elenio was a strategic and financial advisor to Premier Wealth Management, Inc. Mr. Elenio began his career with Ernst & Young LLP (then Ernst & Whinney), and then with KTI, Inc., where he was Corporate Controller and ultimately, Vice President of Finance. Mr. Elenio joined Bogen Communications, Inc. as Controller in 1997. Mr. Elenio has served as a member of the Board of Directors of Xplore Technologies Corp.
OrthoAccel Technologies, Inc.announced that Kelly Enos has joined the company as chief financial officer (CFO) and vice president of finance and administration. Most recently, Enos served as the chief financial officer for Kony, Inc. Enos began her career with Ernst & Young and later worked in investment banking at notable firms such as Oppenheimer.
Bridger, LLC announced that Patrick Kelly has joined its executive management team as Executive Vice President and Chief Financial Officer. Patrick comes to Bridger from Gavilon, LLC, where he served as Chief Financial Officer of Gavilon’s energy segment.
Rosetta (part of Publicis Groupe) announced that it has appointed Ariel Marciano as its new Chief Financial Officer. Marciano has developed strong ties to Publicis Groupe leadership over the course of a career that has included Chief Financial Officer assignments for ZenithOptimedia France, Starcom France, Vivaki France, Razorfish France, Digitas France and as Head of Group Consolidation for Publicis Groupe. Most recently he oversaw all financial operations for ZenithOptimedia France, Starcom France and Vivaki France. Marciano takes over from Rich DeMilt who served as Chief Financial Officer for Rosetta since 2008.
hopTo Inc. (OTC: HPTO) announced the appointment of Jean-Louis Casabonne as Chief Financial Officer. Previously he worked role as CFO at Quova, Inc. He was retained by Neustar Inc., following the acquisition of Quova, as director of business development and strategic evangelist. Prior to that, Mr. Casabonne served as the CFO, vice president of finance and operations and co-founder at Inxight Software, Inc., a spinoff of the Xerox Corporation. Additionally, he previously held several financial management positions at Xerox, where he helped launch three subsidiary companies.
Wellcentive announced that Patrick Clark has joined as its Chief Financial Officer. Clark comes to Wellcentive from Vocalocity (now Vonage Business Solutions) where he served as CFO. Prior to joining Vocalocity, Clark was Executive Vice President of Finance and CFO at The Weather Channel at the time of its more than $3 billion sale to NBC Universal, Bain Capital and The Blackstone Group in September 2008.
Sebring Software, Inc. (OTC: SMXI) named Larry Colton as CFO. Since September 2013, Mr. Colton has served as the company’s Vice President of Finance. Mr. Colton served as CFO for a publicly traded company in the automotive claims industry from 2005 to 2010. Previously, he was Vice President of an asset management division of a financial services firm.
AVI-SPL announced the addition of Raj Dani to the executive team as chief financial officer. Most recently, Dani was senior vice president of corporate development for TeleTech Holdings, Inc. Dani has also held financial leadership positions with Flextronics International, Jabil Circuit Inc. and PricewaterhouseCoopers, with extensive international experience.
Olin Corporation (NYSE: OLN) announced that John E. Fischer, Senior Vice President and Chief Financial Officer, was promoted to President and Chief Operating Officer. Mr. Fischer has served as Senior Vice President and Chief Financial Officer since October 2010 and as Vice President and Chief Financial Officer from May 2005 through October 2010. He joined Olin in 1989 as a Director of Finance and was the Vice President and Chief Financial Officer for Primex Technologies, Inc., a spin-off of Olin’s aerospace and defense businesses, before rejoining Olin in 2004. Todd A. Slater, Vice President, Finance and Controller, was promoted to Vice President and Chief Financial Officer. Mr. Slater has served as Vice President, Finance and Controller since October 2010 and as Vice President and Controller from 2005 to 2010. He joined Olin in 2002 as the Financial Officer for the Metals Group, and prior to that was the Vice President and Chief Financial Officer of Chase Industries Inc., which was acquired by Olin in 2002.
National Asset Services announced the appointment of Oliver Calza as Chief Financial Officer. Before joining National Asset Services, Mr. Calza was Vice President of Finance for the West Region for Time Warner Cable. Prior to TWC, Mr. Calza was Controller for Menemsha Construction Solutions. Mr. Calza also served as a Director of Business Operations for Charter Communications. Prior to that, he was a Director of Accounting for Comcast Corporation.
Panache Beverage Inc. (OTC: WDKA) announced the appointment of Thomas G. Smith as Chief Financial Officer. He most recently served as Chief Financial Officer of Newport International, LLC.
FreeCast Inc. (Rabbit TV‘s operating company) has named Christopher Savine, former SVP/CFO of Time-Warner/Netscape/AOL, RR Donnelly, and Cenveo, as their new Chief Financial Officer. Savine joins FreeCast from his previous position as EVP/CFO of Cenveo. Prior to his tenure at Cenveo, Savine served as EVP on the management team at RR Donnelly. As CFO of Netscape in the early 2000s, Savine successfully integrated the company into the Time Warner/AOL family, where he later served as Senior Vice President of Finance.
Intelligent Living Inc. (OTC: ILIV) announced the appointment of Mark B. Lucky as their Chief Financial Officer. Mr. Lucky has served as the Chief Financial Officer of IceWEB Inc. since March 2007. Prior to joining IceWEB, he consulted at Bearing Point on their financial restatement project. From 2004 to 2005 he was Vice President of Finance and Administration at Galt Associates, Inc. and from 2001 to 2004 he was Vice President of Finance and Administration of MindShare Design, Inc. During his career Mr. Lucky has also been employed by Axys Pharmaceuticals, Inc. (acting CFO and Senior Director of Finance), PriceWaterhouseCoopers, COMPASS Management and Leasing, Inc. (Vice President – Finance 1997 to 1998), Mindscape, Inc. (Director of Financial Planning and Analysis 1995 to 1996), The Walt Disney Company (Manager, Operations Planning & Analysis, Manager of Corporate Planning 1991 to 1995), and KPMG. Mr. Lucky was formerly a member of the board of directors of VOIS Inc. and HASCO Medical, Inc.
Waywire Networks announced the addition of Paul Fish as Chief Financial Officer. Fish began his career at the BBC working in television, radio and the BBC’s commercial arm, BBC Enterprises Ltd. He next joined Dennis Publishing UK, and was soon promoted to the position of Associate Finance Director. Fish was then appointed CFO of Dennis Publishing, Inc. Further leadership roles included Radar Magazine, Dazed and Confused, Doubledown Media, and Louise Blouin Media. Most recently Fish was the CFO at Cinchcast.
Koppers Holdings Inc. (NYSE: KOP) announced that Leroy M. Ball, Vice President and Chief Financial Officer, has been elected to the newly created position of Chief Operating Officer. Mr. Ball will also retain his current responsibilities as Chief Financial Officer in the interim until a successor is named. Mr. Ball has served as Vice President and Chief Financial Officer of Koppers Holdings Inc. and Koppers Inc. since August 2010. Prior to joining Koppers, Mr. Ball was Senior Vice President and Chief Financial Officer of Calgon Carbon Inc.
Assurant, Inc. (NYSE: AIZ) announced that Michael J. Peninger, executive vice president and chief financial officer, will retire this year after 29 years with the company. Christopher J. Pagano, currently Assurant’s executive vice president, chief investment officer and treasurer, will succeed him as CFO, effective Aug. 15, 2014. Pagano has served as executive vice president, chief investment officer and treasurer since 2007, and president, Assurant Asset Management since 2005. He previously was executive vice president and head of fixed income, Assurant Asset Management. Pagano joined Assurant in 1996 from Merrill Lynch where he was a vice president and government strategist in global fixed income research. He began his career at Morgan Stanley.
Plexus Corp. (NASDAQ: PLXS) announced that Patrick Jermain has assumed the role of Chief Financial Officer succeeding outgoing CFO, Ginger Jones, who intends to resign from her employment with Plexus by September 28, 2014. Ms. Jones will remain employed by Plexus in a non-executive officer role to assist with the transition of her successor. Mr. Jermain joined Plexus in 2010 most recently serving as Treasurer and Vice President of Finance since April 2013, and previously as Corporate Controller. Before joining Plexus, Mr. Jermain was the Corporate Controller, Assistant Treasurer and Principal Accounting Officer at Appleton Papers Inc., currently known as Appvion, Inc. Mr. Jermain also held the positions of Director of Enterprise Risk Management and Corporate Secretary while at Appleton Papers. Prior to Appleton Papers, Mr. Jermain served as Vice President – Finance and Corporate Controller at Banta Corporation, later acquired by R.R. Donnelley & Sons Company, and was a Senior Manager at PricewaterhouseCoopers LLP.
BlueLinx Holdings Inc. (NYSE: BXC) announced that Susan C. O’Farrell has accepted the position of Senior Vice President, Chief Financial Officer, Treasurer and Principal Accounting Officer effective May 19, 2014, replacing Doug Goforth, who is leaving the Company to pursue other interests. Ms. O’Farrell has been a senior financial executive holding several roles with The Home Depot since 1999. Ms. O’Farrell began her career with Andersen Consulting, LLP, leaving as an Associate Partner in 1996 for a strategic information systems role with AGL Resources.
West Corporation (NASDAQ: WSTC) announced that Chief Financial Officer and Treasurer, Paul Mendlik, has decided to retire in April 2015. Mr. Mendlik has been CFO since joining West in November 2002. Mr. Mendlik has agreed to a two-year consulting agreement post retirement to help ensure a smooth transition.
PlattForm has announced the hiring of Patrick Donoghue as Chief Financial Officer. Most recently, he was CFO at Pearson Embanet. Previously, Donoghue held various senior finance roles at CCC Information Services Inc., Anheuser-Busch and Kraft Foods.