CFO Moves this week include:
|UPS||The Madison Square Garden Company||Flowserve Corporation|
|Demand Media, Inc.||The Fresh Market, Inc.||BioScrip, Inc.|
|Lee Enterprises||DEQ Systems Corp.||Qumu Corporation|
|VeriSilicon Holdings Co., Ltd.||GrafTech International Ltd.||ITT Educational Services, Inc.|
|First American Equipment Finance||Apollo Education Group, Inc.||Aspen Technology, Inc.|
|Nexus Medical||Innovative Blood Resources||Everspin Technologies, Inc|
|Sonneborn, LLC||Orchid Medical||RMG Networks|
|2nd Watch||Medytox Solutions, Inc.||Sorrento Therapeutics, Inc.|
|Amphenol Corporation||BSH Home Appliances Corporation||Campus Crest Communities, Inc.|
|Lumber Liquidators||Bottomline Technologies||SynGen Inc.|
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CFO Moves is published by Samuel Dergel (Executive Search Consultant and CFO & Financial Executive Search Specialist with Stanton Chase). Samuel can be reached by email at email@example.com or by phone at +1 (415) 738-2070.
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UPS® (NYSE: UPS) announced Richard Peretz has been named Chief Financial Officer, replacing Kurt Kuehn, who has elected to retire after 38 years with the company. Kuehn will continue his existing duties while ensuring a smooth transition of responsibilities to Peretz. The appointment of Peretz is effective July 1, 2015. Peretz is currently UPS Corporate Controller and Treasurer. He has served in several operational and corporate leadership positions within the Finance staff since joining the company in 1981. Peretz was named International Chief Financial Officer in 2003, and promoted to Corporate Finance Vice President in 2007 where he oversaw a broad range of finance staff areas. He was named Corporate Controller in 2013, and expanded his role to included Corporate Treasurer in 2014.
The Madison Square Garden Company (NASDAQ: MSG) announced that Sean Creamer will resign as chief financial officer, effective May 4. The company will commence a search for a successor and has named Donna Coleman interim chief financial officer. She will begin immediately following Mr. Creamer’s departure. Ms. Coleman worked for more than 15 years at Cablevision, where she recently retired as EVP of corporate financial planning and control.
Flowserve Corporation (NYSE:FLS) announced that Karyn F. Ovelmen will join Flowserve as Executive Vice President and Chief Financial Officer, effective June 1, 2015. Ovelmen will join Flowserve from LyondellBasell Industries N.V., where she has served as Executive Vice President and Chief Financial Officer since 2011. Prior to LyondellBasell, Ovelmen served as Chief Financial Officer at both Petroplus Holdings AG, and Argus Atlantic Energy, the predecessor company to Petroplus. Ovelmen began her corporate career at Premcor, Inc., following 12 years in public accounting with PriceWaterhouseCoopers.
Demand Media, Inc. (NYSE: DMD) announced that Rachel Glaser has joined its executive team as Chief Financial Officer. Glaser most recently served as CFO at Move, Inc, parent of Realtor.com. Prior to Move, she was Chief Operating and Financial Officer at MyLife.com. Before joining MyLife, Glaser was Senior Vice President, Finance at Yahoo! and spent many years at The Walt Disney Company in various finance, operations and technology roles.
The Fresh Market, Inc. (NASDAQ: TFM) announced that its Board of Directors has elected Robert K. Shearer, formerly Chief Financial Officer of V.F. Corporation (NYSE: VFC) and currently a director of Church & Dwight Co., Inc. (NYSE: CHD), as an independent director.
BioScrip, Inc. (NASDAQ: BIOS) announced that Jeffrey M. Kreger joined the Company as Senior Vice President, Chief Financial Officer and Treasurer. Kreger most recently served as Senior Vice President of Finance with LHC Group Inc. Prior to joining LHC Group in 2013, Kreger served as Senior Vice President and Corporate Controller at Sun Healthcare Group. He previously held senior finance roles at companies including Consolidated Graphics and Philip Services Corporation. He began his career with an eight-year term in the audit practice of Ernst & Young.
Lee Enterprises (NYSE: LEE) selected Ronald A. Mayo as vice president, chief financial officer and treasurer. Mayo will succeed Carl G. Schmidt, who announced in January his plans to retire later this spring. Mayo’s career includes 19 years with MediaNews Group, including 12 years as vice president and chief financial officer. Most recently, he was chief financial officer of Halifax Media Group until its acquisition by New Media Investment Group, Inc. in January of this year.
DEQ Systems Corp. (TSX-V: DEQ) has named Christopher Benak as its new Chief Financial Officer. Before joining DEQ, Mr. Benak served as VP Corporate Accounting & Assistant Treasurer at Tropicana Entertainment Inc. in Las Vegas, Nevada, since 2009. Prior to joining Tropicana, Mr. Benak held various and diversified roles within a variety of organizations and industries, including: Director of Client Service at Resources Global Professionals; Director of SEC Compliance and Director of External Reporting at Shuffle Master, Inc.; Internal Audit Manager – Enterprise Risk Services and Senior Auditor – Audit Enterprise Risk Services at Deloitte & Touche, LLP; and financial and casino controller positions at various casinos in Las Vegas, Nevada. Martin Audet will step down as Vice President Finance on May 22, 2015, to pursue another career opportunity.
Qumu Corporation (NASDAQ: QUMU) announced the appointment of Peter J. Goepfrich as Chief Financial Officer, effective May 18, 2015. He replaces James Stewart who is retiring from Qumu effective September 30, 2015. Mr. Goepfrich was most recently Vice President and Chief Financial Officer of Deluxe Corporation, Small Business Services, which he joined in 2014. Prior to joining Deluxe, Mr. Goepfrich was Chief Financial Officer of API Healthcare Corporation. He held this position for two years until the company was sold to General Electric in 2014. Before API, Mr. Goepfrich spent eight years in increasingly responsible financial positions, including Chief Financial Officer, at Vital Images, purchased by Toshiba in 2011. He joined PricewaterhouseCoopers LLC in 1997, where he spent seven years primarily auditing technology companies.
VeriSilicon Holdings Co., Ltd. announced the appointment of Robert (Bob) Brown as Chief Financial Officer. Brown replaces Shannon Gao, who has resigned for personal reasons. Mr. Brown joins VeriSilicon after serving most recently as Vice President, Business Development at Cadence Design Systems, Inc. Prior to that Mr. Brown served as Vice President and Treasurer at LSI Corporation, formerly LSI Logic. He was with the company for 13 years. Earlier in his career, he served as Vice President, Financial Planning and Treasurer of GetThere, which had a successful IPO on NASDAQ in 1999 and was later acquired by Sabre. Mr. Brown held various financial positions at Hewlett-Packard after starting his career in corporate banking for Security Pacific National Bank (now Bank of America).
GrafTech International Ltd. (NYSE: GTI) announced that Quinn Coburn, GrafTech’s Vice President of Finance and Treasurer, will assume the additional role of Interim Chief Financial Officer, effective May 15, 2015. Mr. Coburn’s appointment follows Erick R. Asmussen’s decision to accept a Chief Financial Officer role at another company. Quinn Coburn has served as GrafTech’s Vice President of Finance and Treasurer since September 2013. Prior to this role, he served as Vice President and Treasurer of GrafTech beginning in August 2010. From December 2002 to August 2010, Mr. Coburn served as Vice President and Treasurer of NCR Corporation.
Educational Services, Inc. (NYSE: ESI) announced that Daniel M. Fitzpatrick notified the Company of his plan to retire from his positions of Executive Vice President and Chief Financial Officer of the Company. Mr. Fitzpatrick has served as the Company’s Chief Financial Officer since 2005.
First American Equipment Finance announced that Joseph P. Guage has joined the business as Chief Financial Officer. Guage joins First American from Discover Financial Services where he served as Vice President of Finance for Discover’s Student Lending business and Chief of Staff to the President of that business. Prior to that, he held various roles in increasing responsibilities at The Student Loan Corporation. For almost five years, he served as VP, Assistant Controller; SVP, Chief Accounting Officer; and Chief Financial Officer. He also worked at Eastman Kodak, Bausch + Lomb, EDS Group, and Union Bank of Switzerland.
Apollo Education Group, Inc. (NASDAQ: APOL) announced that Brian Swartz, Senior Vice President and Chief Financial Officer, has resigned from his position with the company. Joseph D’Amico has been appointed to serve as interim CFO effective upon Mr. Swartz’s departure.
Aspen Technology, Inc. (NASDAQ: AZPN) announced the retirement of Mark Sullivan, the company’s Executive Vice President and Chief Financial Officer, effective September 30, 2015.
Nexus Medical welcomes Marchell Gebhardt as Chief Financial Officer. Marchell started with Nexus in March of this year. Marchell worked ten years with DPT Laboratories, where she held various management positions in accounting. In 2009, she was promoted to Controller and Director of Finance. Marchell then joined OCI Energy in 2013 as Corporate Controller.
Everspin Technologies, Inc. announced the appointment of Jeff Winzeler as the company’s Chief Financial Officer. Winzeler joins Everspin from Avnera where he served as Chief Financial Officer. Prior to Avnera he served as CFO at public companies including Rackwise Inc., Solar Power, Inc., and International Display Works. Winzeler also spent 17 years with Intel Corporation, most recently as Controller of Intel’s Flash memory division, and previously managed financial operations for many of the company’s wafer fabrication and assembly-test operations in Arizona, New Mexico, Israel, Malaysia, and Folsom.
Sonneborn, LLC announced the appointment of Gregg Kam as Chief Financial Officer. Mr. Kam previously served as CFO of International Specialty Products and The Newark Group. Gregg Kam spent 14 years at National Starch & Chemical Company where he held several significant positions, including CFO for the US Adhesives business, CFO for the Latin American division, CFO for a graphite lubricant and electronic materials business (Acheson Industries) and finally, CFO of the Specialty Polymers Group.
RMG Networks (NASDAQ: RMGN) announced that Jana Ahlfinger Bell has been appointed as Executive Vice President and Chief Financial Officer of the company. Most recently, Ms. Bell served as Executive Vice President and Chief Financial Officer for EF Johnson Technologies, Inc. Prior to EF Johnson, Ms. Bell served as President and Chief Executive Officer of Simple Products, Inc. Prior to that, she served as President, Chief Executive Officer and Director for @Track Communications, Inc. Prior to @Track Communications, Ms. Bell held finance and operations management roles of increasing responsibility with AT&T Wireless Services. Ms. Bell started her career in audit services with Ernst & Young LLP.
Medytox Solutions, Inc. (OTC: MMMS) announced that Jeffrey L. Wadman has assumed the position of interim chief financial officer. Mr. Wadman was previously the corporate controller for Medytox Solutions. Mr. Wadman is assuming the role of interim chief financial officer from Jace Simmons, former chief financial officer of Medytox Solutions, Inc.. Prior to joining Medytox in 2014, from 2008, Wadman was the Senior Vice President and Chief Accounting Officer of Oxbow Carbon LLC. From 2005 to 2008, he was the Vice President of Accounting and Global Controller of Stieffel Laboratories, Inc. Mr. Wadman served with Eli Lilly & Company for 16 years (1989 to 2005) in increasingly responsible positions, including as Chief Executive Officer of the Eli Lilly Federal Credit Union.
Sorrento Therapeutics, Inc. (NASDAQ: SRNE) announced the appointment of Mark W. Durand as Chief Financial Officer. Mr. Durand was most recently an independent strategic consultant for emerging pharmaceutical firms. Previously, he was Chief Financial Officer and Senior Vice President Finance and Business Development for Watson Pharmaceuticals (now Actavis). Prior to that, he was Chief Financial Officer and Senior Vice President of Finance and Business Development for Teva Americas. Mr. Durand spent the first 18 years of his career at Bristol-Myers Squibb in various management roles. Prior to accepting this role, Mr. Durand served on the Board of Directors of Sorrento, and was Chair of the Audit Committee as well as a member of the Compensation Committee.
Amphenol Corporation (NYSE: APH) announced that Craig A. Lampo has been designated to succeed in an orderly transition to the position of Senior Vice President and Chief Financial Officer. Mr. Lampo has been with the Company for over 10 years as Vice President and Corporate Controller. Prior to joining Amphenol, he spent 11 years at Arthur Andersen LLP and Deloitte Touche Tohmatsu Limited. The Company’s current Chief Financial Officer, Diana G. Reardon, will assist in the transition which will be completed over the next several months. After transitioning from the Chief Financial Officer role, Ms. Reardon will continue with the Company as a senior advisor.
BSH Home Appliances Corporation announced the appointment of Kai Schrickel as Executive Vice President and Chief Financial Officer. Mr. Schrickel began his career at BSH 21 years ago in the finance division in Munich. He quickly became the Head of Finance during the internationalization of BSH, overseeing mergers and acquisitions.
Campus Crest Communities, Inc. (NYSE: CCG) announced the appointment of John Makuch as interim Chief Financial Officer. Mr. Makuch serves as Managing Directors at Alvarez & Marsal. Scott Rochon, who previously acted as interim Chief Financial Officer, will continue to serve as Chief Accounting Officer. During the past 22 years, Mr. Makuch has assisted firms execute financial and operational performance improvement initiatives and has served as an interim officer of his clients, including roles as a CEO, COO, CFO, CRO, Controller and Treasurer. Mr. Makuch recently served as the Chief Restructuring Officer for a national developer and builder of multi-family housing and student housing projects.
Lumber Liquidators (NYSE: LL) announced that the Company and Daniel E. Terrell have agreed that Mr. Terrell’s role as the Company’s Chief Financial Officer will terminate effective June 1, 2015. Mr. Terrell has been the Company’s Chief Financial Officer since October 2006 and prior to assuming that position, he served as Controller from November 2004. The Company has appointed Gregory A. Whirley, Jr. as Senior Vice President, Finance and he will serve as interim Chief Financial Officer beginning on June 1, 2015. Mr. Whirley has spent the last thirteen years at Ernst & Young LLP (EY) where he most recently served as Senior Manager – National Professional Practice.
Bottomline Technologies (NASDAQ: EPAY) announced that Rick Booth was named Chief Financial Officer. Booth joins Bottomline from Sapient where he was second in command to the CFO. Previously, he held a number of senior finance positions at Nuance Communications. While at Nuance, Rick held several leadership roles including CFO of the healthcare division. Prior to Nuance, Rick held financial and strategic roles at EMC Corporation, Mercer Management Consulting, and Coopers & Lybrand.
SynGen Inc. announced that Chuck Novak has joined as Vice President and Chief Financial Officer. Chuck was most recently CFO at ConQuip. Chuck’s background includes over 40 years of financial, administrative and operational management experience with both small and large corporations, including positions of increasing authority during 16 years with Hewlett Packard.