CFO Moves this week include:
|Rite Aid Corporation||MoneyGram||Spectrum Equity|
|Shutterfly, Inc.||TIBCO Software Inc.||Huntington Ingalls Industries|
|Asset Risk Management||Lindblad Expeditions Holdings, Inc.||VAALCO Energy, Inc.|
|SnapLogic||Enable Midstream Partners, LP||ArroHealth|
|NOWDiagnostics Inc.||Hexion Inc.||ezCater|
|Cesca Therapeutics Inc.||Star2Star Communications, LLC||Harmonic Inc.|
|Atlassian||DGSE Companies, Inc.||Foresight Energy LP|
|MemorialCare Health System||Rogers Corporation||Prestige Brands Holdings, Inc.|
|SGI||Uranium Energy Corp.||A1 Group Inc.|
|Flushing Financial Corporation||Monster Worldwide, Inc.||Frequency Electronics, Inc.|
Would you like to receive our weekly CFO Moves directly in your email? Click the SIGN ME UP! button on the right of the blog page.
Should you have any CFO Moves to report, please email us.
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.
+ + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + +
Rite Aid Corporation (NYSE: RAD) [CAMP HILL, Pa.] announced that Darren Karst has been promoted to the combined role of senior executive vice president and chief financial officer and chief administrative officer. Karst joined Rite Aid in August, 2014 as the company’s executive vice president and chief financial officer.
MoneyGram (NASDAQ: MGI) [DALLAS] announced that Lawrence Angelilli has been named executive vice president and chief financial officer, effective Jan. 1, 2016. Angelilli succeeds W. Alexander Holmes, who will assume MoneyGram’s chief executive role on the same date. Mr. Angelilli joined MoneyGram in August 2011 as Senior Vice President, Treasurer. Prior to MoneyGram, he was Director, Underwriting for Hudson Advisors/Lone Star Funds. From 1998 to 2009, Angelilli was Senior Vice President, Finance at Centex Corporation. His professional experience also includes tenures with NationsBank Corporation, Chrysler Financial Corporation and The National Bank of Detroit.
Spectrum Equity [BOSTON & SAN FRANCISCO] announced that Brian Regan has joined the firm as Managing Director and Chief Financial Officer. Most recently, Mr. Regan served as Chief Financial Officer at Shutterfly, Inc. Prior to joining Shutterfly in 2012, Mr. Regan served as CFO at Nextag, as well as EVP and CFO of Ticketmaster Entertainment. Earlier in his career, he held finance leadership positions at LendingTree and later Expedia, Inc., where he last served as SVP Finance overseeing Expedia.com, Hotels.com, Hotwire, and TripAdvisor.
Shutterfly, Inc. (NASDAQ: SFLY) [REDWOOD CITY, Calif.] announced it has appointed Mike Pope as senior vice president and chief financial officer. Mr. Pope will become chief financial officer on November 6, 2015. Brian Regan will transition his duties to Mike Pope and remain chief financial officer through November 6, 2015. Mr. Pope joins Shutterfly Inc. from Clean Power Finance, where he served as chief financial officer. He has also held the position of chief operating officer and chief financial officer at MarketTools, vice president at BearingPoint, president and chief operating officer at Network General, president and chief executive officer at DigitalThink, and chief financial officer and chairman of the audit committee at Dionex (acquired by Thermo Scientific).
TIBCO Software Inc. [PALO ALTO, CA] announced it has appointed Tom Berquist as chief financial officer. Berquist career includes roles as CEO of Corel, CFO of Ingres, and most recently, CEO of Saba Software. Prior to that, he spent 10 years on Wall Street with Goldman Sachs, Citigroup, and Piper Jaffrey, and six years at Deloitte.
Huntington Ingalls Industries (NYSE: HII) [NEWPORT NEWS, Va.] announced that it has appointed Christopher D. Kastner to succeed Barbara A. Niland as the company’s chief financial officer and corporate vice president, business management, effective with Niland’s retirement on March 1, 2016. Kastner currently serves as corporate vice president and general manager, corporate development. Prior to being named to his current position in August 2012, he served as vice president and CFO for HII’s Ingalls Shipbuilding division. He also served as vice president, business management, and CFO for Northrop Grumman Shipbuilding-Gulf Coast and as vice president, contracts and risk management, for Northrop Grumman Ship Systems. He began his career at Northrop Grumman working on the B-2 program and had various business management positions.
Asset Risk Management (ARM) [HOUSTON] announced it has appointed Michael Christopher as chief financial officer and chief investment officer. Prior to joining ARM, Christopher spent nearly 13 years at ArcLight Capital Partners. Christopher began his career in Citigroup’s Global Energy and Power Group.
Lindblad Expeditions Holdings, Inc. (NASDAQ: LIND) [NEW YORK] announced it has named John McClain as its Chief Financial Officer. He will join Lindblad on November 10, 2015. Mr. McClain most recently served as the chief financial officer of The Jones Group Inc. until its sale to Sycamore Partners in April 2014. Prior to Jones, he held senior positions at Avis Budget Group, Inc., Cendant Corporation, Sirius Satellite Radio Inc., ITT Corporation and Arthur Andersen & Co. Current Chief Operating Officer Ian Rogers, who previously also held the CFO title, will continue as COO.
VAALCO Energy, Inc. (NYSE: EGY) [HOUSTON] announced the appointment of Don McCormack as new Chief Financial Officer. He will join VAALCO effective November 1, 2015 as Vice President of Finance and will assume the title of Chief Financial Officer following the filing of the Company’s third quarter 2015 Quarterly Report on Form 10-Q. Most recently, Mr. McCormack was Senior Vice President, Treasurer and Chief Accounting Officer for Rosetta Resources, Inc. from December 2013 until their acquisition by Noble Energy in June 2015. Mr. McCormack joined Rosetta as Vice President and Treasurer in August 2012. Prior to joining Rosetta, he served as Vice President and Chief Accounting Officer for Concho Resources Inc. from 2010 until 2012. Mr. McCormack also served as Controller and Chief Accounting Officer for Red Oak Capital Management LLC from 2007 to 2010. Prior to joining Red Oak Capital Management LLC, Mr. McCormack held various leadership and managerial positions with Burlington Resources and ConocoPhillips. Gregory Hullinger has elected to retire as Chief Financial Officer following the upcoming filing of the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2015.
SnapLogic [SAN MATEO, CA] announced the appointment of Robert J. Parker as chief financial officer. Prior to joining SnapLogic, he held vice president positions in corporate FP&A, M&A and operations at NetApp; and leadership positions in finance and operations at Sun Microsystems, MFS Datanet and Ford Aerospace.
Enable Midstream Partners, LP (NYSE: ENBL) [OKLAHOMA CITY] announced the appointment of Executive Vice President and Chief Financial Officer Rodney (Rod) J. Sailor as President, Chief Executive Officer and member of the Board of Directors effective Jan. 1, 2016. Prior to joining Enable, he served as senior vice president and chief financial officer at WPX Energy. He also served as vice president and treasurer for The Williams Companies where he was instrumental in the formation of two master limited partnerships.
NOWDiagnostics Inc. [SPRINGDALE, Ark.] announced the addition of Ann G. Bordelon as Chief Financial Officer/Chief Administrative Officer. Before joining NOWDx, Ann Bordelon spent nearly 13 years with Walmart. During her time she served as Chief Financial Officer for Walmart’s Sam’s Club division and CFO of the Asia region. She also served as Global Chief Audit Executive. Prior to joining Wal-Mart, Bordelon worked for Ernst & Young’s Assurance and Advisory Services Business. She also previously worked for Tyson Foods in a variety of finance and accounting positions.
Hexion Inc. [COLUMBUS, Ohio] announced the planned retirement of William H. Carter, Executive Vice President and Chief Financial Officer, at the end of the year and the appointment of George F. Knight as Executive Vice President and Chief Financial Officer of the Company effective January 1, 2016. Mr. Knight is the current Senior Vice President – Finance and Treasurer for Hexion and has served in that role since 2005. From 1997 to 2005, Mr. Knight served in senior finance roles with, Borden Foods Corporation, Borden Inc., and Borden Chemical Inc. Mr. Knight also previously held international finance leadership positions with Duracell International Inc. and has more than a decade of public accounting experience with Deloitte & Touche.
ezCater [BOSTON] announced that Bob Cruickshank, as Chief Financial Officer. Prior to ezCater, Bob served as CFO at Amazon Robotics (formerly Kiva Systems). Most recently before that, Bob was VP of Finance at Aspen Technology.
Metalogix [WASHINGTON, DC] announced that Nick Margarites has joined the company as Chief Financial Officer. Before joining Metalogix, Margarites held Vice President of Finance and Chief Accounting Officer positions at Sourcefire Inc. Prior to Sourcefire, Nick was Controller of Paratek Microwave Inc.
HomeCare Connect [MAITLAND, Fla.] announced that Gail Kasmir has joined as its Chief Financial Officer. Kasmir has worked with HomeCare Connect on an outsourced CFO basis for the past four years. Most recently, Kasmir owned and managed Forensic, Litigation, and Accounting Consultants, PLLC in Orlando.
iSqFt [CINCINNATI] announced the addition of Phil Hoey as Chief Financial Officer. Hoey has held executive-level positions at various organizations, including NBC, AOL, GE Capital, Epsilon and LexisNexis. Prior to joining iSqFt, he served as CFO for SourceLink.
Cesca Therapeutics Inc. (NASDAQ: KOOL) [RANCHO CORDOVA, Calif.] announced that it has appointed Michael Bruch Chief Financial Officer. Bruch was appointed Interim Chief Financial Officer in May 2015. Prior to that he had served as Controller since joining the Company in 2003. Bruch has over 25 years of experience in various financial and managerial roles including General Electric and Dada Micro Scan (now Siemens Healthcare).
Star2Star Communications, LLC [Sarasota, FL] announced that John R. McGovern, currently Executive Vice President of Accounting and Finance, transitioned to the role of Chief Financial Officer. Mr. McGovern has been CFO of publicly traded and private equity backed small to mid-sized companies and has been divisional CFO for multi-billion dollar enterprises.
Harmonic Inc. (NASDAQ: HLIT) [SAN JOSE, Calif.] announced Carolyn Aver, chief financial officer, is leaving the company. Harold “Hal” Covert has been appointed to the position of chief financial officer. Mr. Covert has stepped down from Harmonic’s board to assume the CFO position. He has served as CFO of Lumos Networks, Silicon Image, Openwave and Adobe, and on the board of directors of several public companies including Lumentum, JDS Uniphase and Harmonic. Carolyn Aver is leaving Harmonic to join her husband in running their family winery.
Atlassian [SAN FRANCISCO] announced the appointment of Murray Demo as its new Chief Financial Officer (CFO). Demo replaces Erik Bardman whose departure is related to matters with a past employer and not related to his work at Atlassian. Demo has served on the company’s board of directors for the past four years, and as the audit committee chair. He resigned his board seat to assume the role of CFO. Demo has served as the CFO of Adobe Systems, Dolby Laboratories, LiveOps and Postini. Demo also has served on a number of public and private technology company boards as audit committee chair.
DGSE Companies, Inc. (NYSE MKT: DGSE) [DALLAS] announced that C. Brett Burford has tendered his resignation from the positions of Chief Financial Officer, and Director of DGSE Companies, Inc., to be effective November 4, 2015. Mr. Burford has accepted the position of Chief Financial Officer of Eyemart Express, LLC. Mr. Burford has been Chief Financial Officer of DGSE since August of 2012, and a director of the Company since April 2014. The Company also announced that its Board of Directors has named Nabil J. Lopez, currently the Company’s Senior Vice President and Controller, to replace Mr. Burford in the position of Chief Financial Officer. Mr. Lopez has been with the Company since September of 2012, and prior to DGSE served as Director of Financial Reporting and Internal Controls for Zale Corporation.
Foresight Energy LP (NYSE: FELP) [ST. LOUIS] announced that Oscar Martinez, Foresight’s Senior Vice President and Chief Financial Officer, will resign on November 13. His departure is part of the integration plan that combined the corporate functions of Foresight and Murray Energy Corporation resulting from the partnership formed earlier this year. Foresight also announced that James Murphy, Chief Accounting Officer, will assume the duties of Principal Financial Officer effective November 6.
MemorialCare Health System‘s Long Beach Memorial, Miller Children’s & Women’s Hospital Long Beach and Community Hospital Long Beach [LONG BEACH, Calif.] announced that Yair Katz has been named Chief Financial Officer. Katz was most recently Assistant Vice President and Associate University Controller for University of Southern California (USC), and will fill the position vacated by John Bishop, who became Chief Executive Officer of the three Long Beach hospitals in June.
Prestige Brands Holdings, Inc. (NYSE: PBH) [TARRYTOWN, N.Y] announced the appointment of David Marberger to the position of Chief Financial Officer for the Company. Mr. Marberger fills the CFO role formerly held by Ron Lombardi, who was named President and Chief Executive Officer on June 1, 2015. Mr. Marberger joins the company from Godiva Chocolatier, Inc., where he served as Senior Vice President and Chief Financial Officer for seven years. Prior to that, he held positions of increasing financial responsibility with Tasty Baking Company, where he served as Executive Vice President and Chief Financial Officer, and Campbell’s Soup Company, where he last held the position of Vice President, Finance, Food and Beverage Division.
SGI (NASDAQ: SGI) [MILPITAS, CA] announced that Robert J. Nikl, Chief Financial Officer (CFO) and Executive Vice President of Finance, will be retiring from SGI. Mr. Nikl has served as Executive Vice President of Finance and CFO since joining SGI in May of 2012. Nikl will continue in his CFO role until the filing of the company’s quarterly report on SEC Form 10-Q for the fiscal first quarter of 2016, and will serve in an advisory capacity through the end of the calendar year. Concurrently, the company announced the appointment of Mekonnen (Mack) Asrat to the position of Senior Vice President and CFO of SGI. Mr. Asrat currently serves as Vice President, Finance, Corporate Controller and Principal Accounting Officer of SGI and has been with the company since June 2012. Previously, he worked as Senior Director and Corporate Controller at Advantest America as well as at Verigy, Ltd. Prior to that, he held a variety of accounting and financial management roles with Agilent Technologies, Hewlett-Packard and Ernst & Young.
Uranium Energy Corp. (NYSE MKT: UEC) [CORPUS CHRISTI, TX] announced the appointment of Pat Obara, the Company’s current Vice President, Administration, as the Company’s interim Chief Financial Officer. Mr. Obara is replacing Mark Katsumata who is resigning to pursue other interests. Mr. Obara served as the Chief Financial Officer of UEC from August 2006 to January 2011. Previously, Mr. Obara worked as a consultant to several private companies in the areas of corporate management, finance and administration. Additionally, Mr. Obara has served as the Chief Financial Officer and a director of various public companies listed on the TSX Venture Exchange where he was involved in the restructuring, organizing and management of these companies which were involved in the resource and technology sectors.
A1 Group Inc. (OTC PINK: AWON) [FT. LAUDERDALE, FL] announced that Timothy Hart, CFO of TBG Holdings, will become CFO of A1 Group Inc.
Flushing Financial Corporation (NASDAQ: FFIC) [UNIONDALE, N.Y.] the parent holding company for Flushing Bank announced that David Fry will retire as Senior Executive Vice President, Treasurer and Chief Financial Officer, effective February 5, 2016. Mr. Fry joined the Company as Controller in 1998, and has been Chief Financial Officer of the Company and the Bank since July 2004. Susan Cullen, who joined the Company as Executive Vice President and Chief Accounting Officer in 2015, will be named to succeed Mr. Fry as Chief Financial Officer and Treasurer, effective upon his retirement. Ms. Cullen was most recently an EVP/SEC Reporting and Investor Relations Officer at Hudson Valley Bank, which was acquired by Sterling Bancorp. Susan had joined Hudson Valley Bank in 2012 as an EVP/Chief Risk Officer, prior to which she was employed by Grant Thornton LLP as an Audit Partner specializing in financial institutions.
Monster Worldwide, Inc. [Weston, Mass.] announced that James M. Langrock has resigned as Executive Vice President and Chief Financial Officer. Michael B. McGuinness has been appointed as the Company’s Executive Vice President and Chief Financial Officer, effective October 29, 2015. Michael B. McGuinness served as the Company’s Senior Vice President, Chief Accounting Officer and Global Controller from February 2012 to October 2015 and as Vice President and Assistant Global Controller from July 2008 to January 2012. Prior to joining the Company, Mr. McGuinness served as the Director of Corporate Accounting at Verint Systems Inc. from March 2007 to July 2008. Prior to that, he was the Senior Manager of External Reporting and Technical Accounting at Symbol Technologies, Inc., from January 2004 to March 2007, and Manager of Internal Audit from 2002 to 2004.
Frequency Electronics, Inc. (NASDAQ: FEIM) [MITCHEL FIELD, N.Y.] announced that Alan Miller will step down as Secretary, Treasurer and Chief Financial Officer as of December 31, 2015. From January 1, 2016, Mr. Miller will serve as the Company’s interim CFO until the appointment of a successor CFO.
STG, Inc. [RESTON, Va.] announced the appointment of Charles ‘Chuck’ Cosgrove as Chief Financial Officer (CFO). His appointment is effective from November 6, 2015. Most recently, Mr. Cosgrove was CFO with CRGT, Inc. Prior to his tenure with CRGT, Mr. Cosgrove was CFO of Comtech Mobile Datacom Corporation, and held senior positions with several government-focused public companies, including KBR, Affiliated Computer Services (ACS) and Planning Research Corporation (PRC).