CFO Moves this week include:
|The Dow Chemical Company||The Wet Seal, Inc.||Keurig Green Mountain, Inc.,|
|Wyndham Worldwide||Gannett Co., Inc.||A. H. Belo Corporation|
|Shire plc||Wesco Aircraft Holdings, Inc.||Essia Health|
|Wood Group||Compass Minerals||Central Maine & Quebec Railway|
|National Disease Research Interchange (NDRI)||Cengage Learning||Trinity Pharma|
|GigOptix, Inc.||Pluribus Networks||Antares Pharma, Inc.|
|The AES Corporation||MSC Industrial Direct Co., Inc.||Genco Shipping & Trading Limited|
|COR Medical Technologies||Anterios, Inc.||The California Integrated Data Exchange|
|Seres Health, Inc.||First Republic Bank||Retrophin, Inc.|
|Videology||Micron Technology, Inc.||First Financial Bancorp|
|Darden Restaurants, Inc.||The Children’s Place, Inc.||Quest Solution, Inc.|
|Advanced Energy Industries, 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 firstname.lastname@example.org or by phone at +1 (415) 738-2070.
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The Dow Chemical Company (NYSE: DOW) announced the addition of Mark Loughridge, former Chief Financial Officer of IBM, to its Board of Directors, effective January 1, 2015. Mark Loughridge was named IBM’s Senior Vice President and Chief Financial Officer in May 2004. He was given the additional responsibility for Enterprise Transformation in July 2010 to lead IBM’s ongoing integration and transformation as well as continue in his role as CFO. Loughridge retired from this position in December 2013 after 36 years with IBM. He joined the company in 1977, where he started as a development engineer in the Office Products Division in Lexington, KY. Loughridge serves on the Board of Directors of The Vanguard Group. He is also a member of the Council on Chicago Booth.
The Wet Seal, Inc. (NASDAQ: WTSL) announced that Thomas R. Hillebrandt will assume the role of Interim Chief Financial Officer, effective December 1, 2014, concurrent with the previously announced resignation of Steven H. Benrubi, the Company’s current Chief Financial Officer. Mr. Hillebrandt has served as Vice President and Corporate Controller at Wet Seal since September 2013. Previously, he served as Vice President of Finance/IT for The Territory Ahead, a multi-channel apparel retailer. Mr. Hillebrandt also previously served as Chief Financial Officer for Deckers Outdoor Corporation, Corporate Controller and Chief Accounting Officer of K2 Inc., and Chief Financial Officer of Fotoball USA, Inc. In addition, he served as Chief Financial Officer for several privately held internet and technology firms.
Keurig Green Mountain, Inc. (NASDAQ: GMCR) announced that Frances G. Rathke will be leaving the Company in 2015 after 11 years of service. To facilitate a successful transition, Ms. Rathke will continue to serve as Chief Financial Officer and Treasurer until a replacement is appointed, at which time, Ms. Rathke will serve in the new role of Strategic Advisor to the CEO. She will stay in this latter role no later than September 26, 2015.
Wyndham Worldwide (NYSE: WYN) has promoted Gail Mandel to President and CEO of Wyndham Exchange & Rentals. Mandel had previously been serving as both Chief Operating Officer and Chief Financial Officer of Wyndham Exchange and Rentals since March. Mandel has held a variety of financial and business leadership roles in the hospitality divisions of HFS Incorporated, Cendant Corporation, and Wyndham Worldwide.
Gannett Co., Inc. (NYSE: GCI) announced that Alison (Ali) Engel, formerly senior vice president, chief financial officer and treasurer of A. H. Belo Corporation, has been named vice president of finance. Engel served A. H. Belo since its spin-off in 2008 from Belo Corp. Engel joined Belo Corp. in 2003 as director/Accounting operations. She served as corporate controller from February 2005 to December 2005 and as vice president/Corporate Controller from January 2006 to July 2008. Engel has more than 19 years of financial management experience at diversified multi-unit business organizations and PricewaterhouseCoopers.
A. H. Belo Corporation (NYSE: AHC) announced that Alison K. Engel (Ali), senior vice president, Chief Financial Officer and Treasurer, will depart at the end of 2014 to pursue another senior level financial role in the media industry.
Shire plc (NASDAQ: SHPG) mentioned that as previously announced, James Bowling, Interim Chief Financial Officer (CFO), will be leaving Shire. James’ departure date will now be February 28, 2015. Jeff Poulton, Head of Investor Relations, will assume the role of interim CFO effective January 1, 2015. Jeff Poulton joined Shire in 2003 and has held leadership positions in finance supporting the neuroscience, gastrointestinal and rare disease business units. Prior to joining Shire, Jeff spent time at Cinergy Corp. and PPG Industries in a variety of corporate finance and business development roles.
Wesco Aircraft Holdings, Inc. (NYSE: WAIR) announced that Gregory A. Hann, executive vice president and chief financial officer, has informed the company’s board of directors of his intention to retire, effective March 31, 2015. To ensure an orderly transition, Mr. Hann will continue to serve as Wesco Aircraft’s chief financial officer until a replacement can be found, and will remain an employee of the company until March 31, 2015. Thereafter, Mr. Hann will serve as a consultant to the company for one year.
Essia Health announced that Anita Pramoda, CEO of TangramCare and former chief financial officer of Epic Systems Corporation, has been appointed to the company’s board of directors, and William Moore has joined as chief financial officer. Pramoda currently serves as co-founder and CEO of TangramCare. She was recently chief financial officer at Epic Systems Corporation. She serves as an executive advisor at Technology Crossover Ventures, and is on the boards at Allscripts and Dignity Health Foundation. Prior to joining Essia Health, Moore served as the chief financial officer of 4medica. He has held a number of senior leadership finance roles, including interim chief financial officer and vice president of finance for Mood Media. He served as vice president of finance at Platinum Equity.
Wood Group announced that Alan Semple, chief financial officer (CFO) has advised the board that he intends to retire and step down from his current role and from the board at the company’s annual general meeting in May 2015, at which time he will have held senior financial roles with Wood Group for over 19 years. Alan has been CFO and a member of the board since 2000. David Kemp, CFO of Wood Group PSN will succeed Alan and will join the board as an executive director following the 2015 annual general meeting. To ensure effective management of this change, David will assume the role of deputy CFO from 1 January 2015. David Kemp joined Wood Group as CFO of Wood Group PSN in 2013. Prior to joining Wood Group, David filled executive roles at Trap Oil Group, Technip, Simmons and Company International and Hess Corporation working across Finance, M&A and Operations.
Compass Minerals (NYSE: CMP) announced that Matthew J. Foulston will join the company as chief financial officer effective Dec. 2, 2014. Foulston comes to Compass Minerals from Navistar International in Chicago where he was the senior vice president of operations and corporate finance. Previously, he was the vice president and chief financial officer at Navistar Truck. He also served as senior vice president and chief financial officer at Mazda North America and held several leadership positions at Ford Motor Company in Germany, the U.K. and the U.S. In July of this year, Compass Minerals announced that current CFO Rodney Underdown, would be leaving the company by the end of 2014 and would assist with the transition to a new CFO.
Central Maine & Quebec Railway has appointed Harold Tynes as chief financial officer. He succeeds Sachi Mishra. Mr. Tynes has more than 30 years of management and financial leadership experience with a range of firms including the Blackstone Group, the Riverside Company, AEA Investors and Fortress Investments. He was vice president and controller and later VP financial services and treasurer at RailAmerica from 2007 through 2011 and president of RailAmerica’s Atlas Railroad Construction affiliate from 2011 to 2013. He also served as corporate controller at Great Lakes Transportation from 2002-2004. Most recently, Mr. Tynes was chief financial officer at Swanson Industries, Inc., Morgantown, West Virginia.
National Disease Research Interchange (NDRI) announced that Jessica F. Mulholland, chief financial officer and controller for eXude, Inc. has been appointed to the Board of Directors for a three-year term.
Cengage Learning announced that John Leahy has been appointed Chief Financial Officer. John most recently served as Executive Vice President and Chief Financial Officer of Care.com. Previously, John served as Executive Vice President and Chief Financial Officer of iRobot, and as Executive Vice President and Chief Financial Officer for Keane, Inc. He spent the first part of his career with PepsiCo in a variety of domestic and international management assignments over 17-years, including Vice President, Global Strategic Planning and M&A.
Trinity Pharma announced the appointment of Dennis Morgan as the company’s chief financial officer. Morgan previously served as the CFO of Acquia. Prior to Acquia, Morgan was the CFO at Buddy Media. Before beginning his tenure as a CFO, Morgan was Vice President of Corporate Finance at Yahoo!.
GigOptix, Inc. (NYSE: GIG) announced the appointment of Darren Ma as Vice President and Chief Financial Officer. Mr. Ma, who joined GigOptix from the position of Controller of the Power Management and High Reliability and Systems Innovation business units with Semtech Corporation, replaces Curt Sacks who has separated from the company to pursue other interests. Prior to Semtech, Mr. Ma served in numerous finance roles at Intel, where he began his career, and senior finance and financial planning and
Pluribus Networks announced the appointment of George de Urioste as chief financial officer. De Urioste comes to Pluribus with more than 30 years of experience as CFO, COO, board director and advisor with companies such as Marvell, Ricoh, Remedy, Bridgelux, Vendavo and Arrayent.
Antares Pharma, Inc. (NASDAQ: ATRS) announced the appointment of James E. Fickenscher to the position of Senior Vice President, Chief Financial Officer. Most recently, Mr. Fickenscher served as Chief Financial Officer of Auxilium Pharmaceuticals, Inc. from May 2005 until August 2014. From January 2000 until April 2004, Mr. Fickenscher served as Senior Vice President, Chief Financial Officer of Aventis Behring L.L.C., a wholly owned subsidiary of Aventis, predecessor to Sanofi S.A. Mr. Fickenscher joined Aventis Behring L.L.C. in 1995 as Vice President, Business Development and Strategic Planning and, from that time until 2000, also held the positions of General Manager, Japan and Vice President & General Manager, Hemophilia Business Unit. Prior to Aventis Behring L.L.C., Mr. Fickenscher worked at Rhone-Poulenc Rorer, predecessor to Sanofi S.A., in its Collegeville, Pennsylvania and Paris, France offices and at Deloitte & Touche LLP.
The AES Corporation (NYSE: AES) announced that Bernerd Da Santos, who currently serves as Chief Financial Officer, Global Finance Operations, will serve as Acting Chief Operating Officer effective December 1, 2014. Since joining AES in 2000, Mr. Da Santos has held several positions, including Managing Director of Finance for Latin America, Chief Financial Officer of Latin America and Africa and Chief Financial Officer of Global Utilities.
MSC Industrial Direct Co., Inc. (NYSE: MSM) announced that Jeff Kaczka, Executive Vice President and Chief Financial Officer, plans to retire from the Company. Mr. Kaczka will continue in his current role until such time as a new Chief Financial Officer has been appointed.
Genco Shipping & Trading Limited (OTC: GSKNF) announced that John C. Wobensmith, the Company’s Chief Financial Officer, has been appointed as President effective December 19, 2014. Mr. Wobensmith has over twenty years of experience in the shipping industry and has served as Genco’s Chief Financial Officer since April 2005. Since 2010, he held the roles of President, Chief Financial Officer, Principal Accounting Officer, Secretary and Treasurer of Baltic Trading Limited, a subsidiary of the Company. Prior to joining Genco, he was Senior Vice President with American Marine Advisors, Inc. Mr. Wobensmith worked in the international maritime lending group of The First National Bank of Maryland from 1993 through 2000, serving as a Vice President from 1998. The Company also announced today that Apostolos Zafolias has been appointed as Chief Financial Officer effective the same date as Mr. Wobensmith’s appointment as President. Mr. Zafolias joined the company in May 2005 and has served as Genco’s Executive Vice President of Finance since July 2013. Before being appointed Executive Vice President of Finance, Mr. Zafolias held various finance leadership positions at the Company.
COR Medical Technologies announced the appointment of Richard N. Agee as its President and Chief Financial Officer. Prior to joining COR Medical Technologies, Richard was a Principal at Stoneworth Financial, a Houston-based investment banking firm. Richard was also Chief Financial Officer and Executive Vice President at AR Group.
Anterios, Inc. announced that it has hired Fabian Tenenbaum to serve as its Chief Financial Officer and Chief Business Officer. Prior to joining Anterios, Mr. Tenenbaum was the CEO of Iluminage Beauty, a Unilever joint-venture company. From 2011 to 2013, he co-founded and then served as CEO of Syneron Beauty until the company was spun-off to Unilever. From 2007 to 2011, Mr. Tenenbaum was Executive Vice President and CFO for Syneron-Candela. Prior to Syneron, Mr. Tenenbaum held executive leadership positions with several life-science companies including Radiancy and Sunlight Medical. He also served on the Board of Directors for Rakuto Bio Technologies Ltd. and Fluorinex Active Ltd.
The California Integrated Data Exchange (Cal INDEX) announced the appointment of Greg LeClaire joins as chief financial officer from Aetna Inc.’s Healthagen division, where he served as chief financial officer for three companies, including Medicity, Inc., HDMS, Inc. and Population Health IT. Prior to his role within Aetna Inc.’s Healthagen division, he served as chief financial officer for ClearOne Communications, Inc., and for Utah Medical Products, Inc.
Seres Health, Inc. announced that Eric Shaff has joined Seres as its Chief Financial Officer. Prior to joining Seres, Mr. Shaff was Vice President, Corporate Finance at Momenta Pharmaceuticals. Prior to Momenta, Mr. Shaff was Vice President, Finance of Genzyme’s Rare Genetic Disease Division and held several positions at Genzyme in Business Unit Finance and Corporate Finance as well as Corporate Development. Previously, Mr. Shaff worked in Corporate Finance at Pfizer, and worked in investment banking for Broadview International (now Jefferies Broadview).
First Republic Bank (NYSE: FRC) announced that Mike Roffler, Deputy Chief Financial Officer for the past five years, has been named Executive Vice President, Chief Financial Officer effective Jan. 1, 2015. Roffler succeeds Willis Newton, who has served as CFO of First Republic for the past 26 years. Roffler joined First Republic in 2009. Prior to joining First Republic, Roffler worked for 16 years in the audit practice at KPMG and became a Partner in 2004.
Retrophin, Inc. (NASDAQ: RTRX) announced the appointment of Laura M. Clague as Senior Vice President and Chief Financial Officer. Ms. Clague is replacing Marc Panoff, who will remain for a mutually agreed upon transition period. Most recently, she served as Chief Financial Officer of the San Diego and Ohio operations of Amylin Pharmaceuticals, Inc., after its acquisition by Bristol-Myers Squibb and subsequent divestiture to AstraZeneca. Prior to the acquisition by Bristol-Myers Squibb, Ms. Clague was the Vice President, Corporate Controller and Principal Accounting Officer of Amylin for 10 years. During this time, she also served as the Chief Financial Officer of Amylin’s collaboration with Eli Lilly and Company. Earlier in her career, Ms. Clague held financial roles at Sony Electronics, Inc., Cubic Corporation and KPMG. She currently serves on the board of directors of LRAD Corporation.
Healthland announced the addition of Todd Laddusaw as Chief Financial Officer. Most recently, Laddusaw was CFO of MicroEdge LLC. Previously, he was a finance director in the United Health Group system, and has extensive finance experience with industry leaders Thomson Reuters, PricewaterhouseCoopers, and KPMG Peat Marwick.
Undertone announced the appointments of Mark Attarian as Chief Financial Officer. Prior to joining Undertone, Attarian served as a partner at Tatum, where he co-led the New England Technology and Private Equity practice groups.
Kalibrate announced that Gregg Budoi has joined the executive management team as CFO and executive vice president. Budoi joins Kalibrate from EZ Energy USA, Inc. (“EZ Energy”), where he was CEO and president. Prior to EZ Energy, Budoi was managing director and partner of Barnes Wendling Corporate Finance, LLC, a financial advisory firm created through the merger of Budoi & Company, Inc. and Barnes Wendling CPAs accounting firm. From 1997 to 2002, Budoi was CFO for Dairy Mart Convenience Stores, Inc.
Videology announced that it has elevated current CFO Scott Macleod to the position of President, and hired Kenneth Tarpey, former CFO of comScore, Inc. to fill the role left vacant by Macleod’s promotion. Prior to joining comScore, Tarpey was CFO of ObjectVideo, Inc. Prior to ObjectVideo, he was CFO of several technology companies including Ai Metrix, Proxicom, NatSystems, and SQA. Earlier in his career, Tarpey served as a senior manager at PricewaterhouseCoopers.
Micron Technology, Inc. (NASDAQ: MU) announced that Ronald C. Foster, Chief Financial Officer (CFO) and Vice President of Finance, will retire from Micron next year. Mr. Foster has served as CFO of Micron since his appointment in April 2008.
First Financial Bancorp (NASDAQ: FFBC) announced that Tony Stollings has been promoted to President and Chief Operating Officer for First Financial Bancorp. Stollings previously served as Chief Financial Officer. John Gavigan has been promoted to Senior Vice President and Chief Financial Officer for the company. Stollings joined First Financial in 2006 as Controller and Chief Accounting Officer. He was named Chief Risk Officer in 2011, and then was appointed Chief Financial Officer in 2013. Gavigan joined First Financial in 2008 as the Assistant Controller. He was promoted to Controller in 2011.
Darden Restaurants, Inc. (NYSE: DRI) announced that Brad Richmond, Chief Financial Officer for the past eight years, announced his intention to retire after 32 years with the company. His retirement will be effective at the end of March 2015 or sooner if a successor is appointed.
The Children’s Place, Inc. (NASDAQ: PLCE) announced the appointment of Anurup Pruthi as Senior Vice President and Chief Financial Officer. Mr. Pruthi joins from Reliance Industries, Ltd in Mumbai, India, where he served as Chief Financial Officer. Prior to Reliance Industries, Mr. Pruthi served as Chief Executive Officer of the Future Group business consulting and services company; Chief Financial Officer, Global Merchandising and Supply Chain at Burberry PLC; Chief Operating Officer and Chief Financial Officer for Mexx Europe Holding, a subsidiary of Liz Claiborne, Inc.; and Group Finance Director for Liz Claiborne, Inc.
Quest Solution, Inc. (OTC: QUES) announced it has named Scot Ross as its new Chief Financial Officer, effective on the closing of the transaction with Bar Code Specialties, Inc. (BCS), which was previously announced. Mr. Ross presently serves as Executive Vice-President and CFO for BCS. Ross will also be joining the Board of Directors for The Company. Mr. Ross began his career in public accounting as a CPA and was an Audit Manager with Arthur Andersen in Orange County, California and left the firm in 1989 to join The Severin Group (the worldwide manufacturer and distributor of Gucci Timepieces) as the Worldwide Corporate Controller. In 1992, he joined a venture capital financed technology company, CDB Infotek, as its Vice President, Chief Financial Officer, and Director before engineering the sale of the business to a division of Equifax Corporation in 1996. From 1997 to 2000, Mr. Ross worked as the Vice President and CFO with Fresh Start Bakeries, Inc. and co-engineered a MBO/LBO from Campbell’s Soup Company. From 2000-2002, he served as President and CEO of E-Commerce Exchange and later sold this business to iPMT Technologies. From 2002-2007 he was the CFO of M-Audio, a digital audio and music recording company that was sold to Avid Technologies in 2004. From 2007-2010 he served as contract CFO to a variety of companies and has worked with BCS from 2011-present.