CFO Moves this week include:
|American International Group, Inc.||Marriott International, Inc.||United Technologies Corp.|
|Yum! Brands, Inc.||Greenway Health||Patrick Industries, Inc.|
|The Medicines Company||OTC Markets Group Inc.||eBags|
|Buffalo Wild Wings, Inc.||Monster Worldwide, Inc.||Frank Miller Lumber|
|Bluefin Payment Systems||Allianz Life Insurance Company of North America||Transdermal Delivery Solutions Corporation|
|Santander Consumer USA Holdings Inc.||Associated Capital Group||Rentech, Inc.|
|Evolution Petroleum Corporation||RigNet, Inc.||Donaldson Company, Inc.|
|Legacy Education Alliance, Inc.||Lantheus Holdings, Inc.||Zendesk, Inc.|
|MSA||Galena Biopharma, Inc.||Domtar Corporation|
|Transcat, Inc.||UserZoom||MedImpact 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). Samuel can be reached by email at email@example.com or by phone at +1 (415) 738-2070.
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American International Group, Inc. (NYSE: AIG) [NEW YORK] announced that David Herzog will continue as Chief Financial Officer through the filing of AIG’s 2015 Form 10-K. Sid Sankaran will continue as Chief Risk Officer until he becomes Chief Financial Officer.
Marriott International, Inc. (NASDAQ: MAR) [BETHESDA, Md.] announced that Carl Berquist, Marriott’s executive vice president and chief financial officer for the past seven years, will retire as CFO on December 31, 2015, remaining with the company as a special adviser through March 2016. Leeny Kelly Oberg, a 16-year Marriott veteran, and currently chief financial officer for The Ritz-Carlton Hotel Company, LLC, a wholly-owned subsidiary of Marriott, will become Marriott’s chief financial officer on January 1, 2016, succeeding Mr. Berquist. Leeny Oberg assumed her current position at Ritz-Carlton in 2013. Previously, Ms. Oberg served in a range of financial leadership positions with Marriott. From 2008 to 2013, she was the company’s senior vice president, corporate and development finance. From 2006 to 2008, Ms. Oberg served in London as senior vice president, international project finance and asset management for Europe, the Middle East and Africa, and also as the region’s senior finance executive. Ms. Oberg first joined Marriott as part of its investor relations group in 1999. Prior to joining Marriott, Ms. Oberg held a variety of financial leadership positions with such organizations as Sodexo (previously Sodexo Marriott Services), Sallie Mae, Goldman Sachs and Chase Manhattan Bank.
United Technologies Corp. (NYSE: UTX) [FARMINGTON, Conn.] announced Fredric G. Reynolds, former Chief Financial Officer of CBS Corporation has been elected to UTC’s Board of Directors, effective Jan. 1. Reynolds served as Executive Vice President and Chief Financial Officer of CBS Corporation from January 2006 until his retirement in August 2009. Earlier, he served as President and CEO of Viacom Television Stations group; as Executive Vice President and Chief Financial Officer of Viacom Inc.; as Executive Vice President and Chief Financial Officer of CBS Corp. and its predecessor, Westinghouse Electric Corporation; and at PepsiCo Inc. for 13 years in various financial roles, including Chief Financial Officer. He is currently a director of Hess Corporation and Mondelez International, and previously served on the board of AOL Inc.
Yum! Brands, Inc. (NYSE: YUM) [LOUISVILLE, Ky.] announced that Patrick Grismer, intends to resign as Chief Financial Officer, effective February 19, 2016. Grismer has served as CFO of YUM since 2012. Prior to that, he served in a number of senior finance and planning positions since 2002.
Greenway Health [CARROLLTON, Ga.] appointed Robert R. Ellis as its new chief financial officer. Ellis joined Greenway Health from over two years as a managing director at Vista Equity Partners. Previous to being employed by Vista, he was the senior vice president, chief financial officer, treasurer and chief operating officer at Agilysys. Earlier, Ellis was vice president of accounting and financial operations/principal accounting officer and former corporate controller from 2003-11 at Radiant Systems, along with earlier positions with Deloitte Consulting; Kreischer, Miller & Co.; and Arthur Andersen, LLP.
Patrick Industries, Inc. (NASDAQ: PATK) [ELKHART, Ind.] announced that Andy L. Nemeth, Executive Vice President of Finance and Chief Financial Officer, will assume the position of President, and Joshua A. Boone, Director of Corporate Finance, will assume the position of Chief Financial Officer effective January 1, 2016. Prior to assuming the position of Executive Vice President of Finance, Secretary-Treasurer and Chief Financial Officer in May 2004, Mr. Nemeth served as Vice President of Finance, Chief Financial Officer, and Secretary-Treasurer from 2003 to 2004, and Secretary-Treasurer and Chief Financial Officer from 2002 to 2003. Mr. Nemeth joined the Company in 1996. Mr. Boone joined the Company as its Director of Corporate Finance in July 2014. Prior to his role at Patrick, Mr. Boone served as Chief Financial Officer for Pretzels, Inc. Prior to his tenure at Pretzels, Inc., he served in several leadership positions in finance and accounting at Brunswick Corporation.
The Medicines Company (NASDAQ: MDCO) [PARSIPPANY, N.J.] announced that Glenn Sblendorio, President and Chief Financial Officer, will retire from the company effective March 31, 2016. As of January 1, 2016, Mr. Sblendorio will be relinquishing his seat on the Board of Directors and his operational responsibilities will be assumed by others within the company. William O’Connor, Senior Vice President & Chief Accounting Officer, who has been with The Medicines Company since 2006, will succeed Mr. Sblendorio as Chief Financial Officer.
OTC Markets Group Inc. (OTCQX: OTCM) [NEW YORK] announced the appointment of Bea Ordonez as Chief Financial Officer. Ms. Ordonez most recently served as the Chief Operations Officer (“COO”) and a Managing Director at Convergex Group, where she served for 16 years. Beginning in 1999, Ms. Ordonez served for three years as the Chief Financial Officer at G-Trade Services, later being appointed as G-Trade’s Director of Operations. Thereafter, she served as Convergex’s COO with oversight over the firm’s global operations.
eBags [DENVER] announced that Scott Henry, Chief Financial Officer at Magic Leap has joined eBags’ Strategic Advisory Board. Prior to Magic Leap, Henry held CFO roles at Beats Music and Beats by Dr. Dre. He joined Beats in 2011 and led the company’s transition from a licensing company to an independent global manufacturer. In early 2014, Henry transitioned to the CFO position at Beats Music. Before Beats, Henry served as CFO at several major companies, including Borders Group and Las Vegas Sands. Earlier in his career, Henry worked as an investment banker for some of the world’s largest financial institutions including Salomon Brothers, ABN Amro, ING Barings and Prudential Securities.
Buffalo Wild Wings, Inc. (NASDAQ: BWLD) [MINNEAPOLIS] announced that Mary Twinem, executive vice president and chief financial officer, will be retiring on February 29, 2016. Twinem joined Buffalo Wild Wings in 1994.
Monster Worldwide, Inc. (NYSE: MWW) [WESTON, Mass.] announced the appointment of Gillian Munson, Chief Financial Officer, XO Group Inc., to its board of directors. Prior to joining XO Group, Munson served as Managing Director at Allen & Company LLC, from 2007 to 2013. Munson also served as Vice President, Business Development at Symbol Technologies from 2003 to 2007. Prior to joining Symbol, Munson was an Executive Director and Senior Equity Analyst at Morgan Stanley. Munson began her career as a Research Associate at Hambrecht & Quist.
Frank Miller Lumber [UNION CITY, Ind.] has named Steven P. James as president and chief executive officer, and JoEllen Johnston as chief financial officer. In his previous role, James was chief financial officer at Frank Miller Lumber, a position he held for more than three years. In 2012, James came to Frank Miller Lumber from DMAX-Ltd., where he spent approximately three years as CFO. In years prior, James held positions ranging from controller/finance team leader to lead financial analyst. Johnston joined Frank Miller Lumber in 2000 as controller.
Bluefin Payment Systems [ATLANTA] announced the addition of Huib Dekker as CFO and will be succeeding Michael Brady in this position, who is retiring. Mr. Dekker previously served as the CFO of GlobalCollect since 2012. Previous to GlobalCollect, Mr. Dekker held the CFO role at Telfort B.V., Wind- Hellas Telecommunications in Greece and the VoiceCash group of companies, including its bank in Malta.
Allianz Life Insurance Company of North America [MINNEAPOLIS] promoted Bill Gaumond to chief financial officer, effective Jan. 1, 2016. Gaumond succeeds Giulio Terzariol, who will join Allianz SE (Allianz Life’s parent company) in Munich to lead Group Planning and Controlling. Gaumond has held several leadership roles with Allianz Life and Allianz SE since 2004. Most recently, he served as senior vice president of Asset Liability and Investment Risk Management. Prior to that, Gaumond was a senior member with Group Planning and Controlling at Allianz SE in Munich. Gaumond also previously held various leadership roles in the Finance division at Allianz Life. He began his career in the audit division of PricewaterhouseCoopers LLC in Minneapolis.
Transdermal Delivery Solutions Corporation (TDSC) [PALM BEACH GARDENS, Fla.] announced that pharmaceutical entrepreneur Edward J. Borkowski has joined its Board of Directors as Chair of the Audit Committee. Borkowski has held the title of Chief Financial Officer for a myriad of multi-billion dollar healthcare organizations such as Mylan, Inc., Carefusion Corporation, ConvaTec, and is currently CFO at Amerigen Pharmaceuticals.
Santander Consumer USA Holdings Inc. (NYSE: SC) [DALLAS] named Ismail “Izzy” Dawood as Chief Financial Officer of the Company. Jennifer Davis, the Company’s Interim Chief Financial Officer since July 2015, will continue to serve as Deputy Chief Financial Officer. Prior to joining the Company, Mr. Dawood served as Executive Vice President and Chief Financial Officer of the Investment Services Division of The Bank of New York Mellon Corporation (“BNY Mellon”). He also served BNY Mellon as Executive Vice President and Director of Investor Relations and Financial Planning and Analysis, and as Senior Vice President and Global Head of Corporate Development and Strategy. Prior to his tenure at BNY Mellon, Mr. Dawood held various senior roles at Wachovia Corporation, including Managing Director of Structured Treasury Activities and Managing Director of Corporate Development.
Associated Capital Group (NYSE: AC) [RYE, N.Y.] announced that Patrick Dennis has been named the Executive Vice President and Chief Financial Officer. Mr. Dennis was formerly the Global Head of Operations/Hedge Fund Administration at JP Morgan Chase and C.F.O – Liquid Markets at Fortress Investment Group. Mr. Dennis was previously a Partner and Chief Financial Officer at Raptor Capital Management, (a spinout from Tudor Investment) and the Chief Financial Offer of Eton Park Capital Management. Prior to Eton Park, Mr. Dennis was a Partner with Ernst & Young, LLP.
Rentech, Inc. (NASDAQ:RTK) [LOS ANGELES] announced that Jeffrey R. Spain has been appointed as chief financial officer of Rentech and the general partner of Rentech Nitrogen Partners, L.P. (NYSE: RNF). Mr. Spain replaces Dan J. Cohrs, who is leaving the companies to pursue other opportunities. Mr. Spain served as Rentech’s senior vice president of finance, accounting and administration for Rentech’s wood fibre group immediately prior to his appointment as CFO. Mr. Spain has held various senior financial and accounting roles at Rentech since 2011, and he most recently played a critical role in the financial turnaround of Fulghum Fibres. His past employers include Credit Suisse First Boston, LeadPoint, Inc. and eNutrition, Inc., and Kimberly-Clark Corporation.
Evolution Petroleum Corporation (NYSE MKT: EPM) [HOUSTON] announced that Randy Keys, the current President and Chief Financial Officer, has been appointed President and Chief Executive Officer. Randy joined the Company in January 2014 as Senior Vice President and CFO and was appointed to the additional position of President in September 2014. David Joe, the current Vice President, Controller, Chief Administrative Officer and Corporate Secretary, has been appointed Senior Vice President, Chief Financial Officer and Treasurer, and will serve as the Principal Financial Officer. David joined the Company in 2005 as Accounting Manager, was promoted to Controller and Corporate Secretary in 2007 and in 2014 was given the additional responsibilities of Vice President and Chief Administrative Officer.
RigNet, Inc. (NASDAQ: RNET) [HOUSTON] announced that Charles E. “Chip” Schneider has been named senior vice president and chief financial officer. He succeeds Marty Jimmerson, who, as previously announced, is leaving at the end of the year. Schneider most recently was vice president and chief financial officer for the Engineering & Construction – Americas division at KBR, Inc. In addition to his role in KBR’s largest business unit, previous roles at KBR have included vice president – finance and treasurer, vice president – corporate development, and interim chief financial officer.
Donaldson Company, Inc. (NYSE: DCI) [MINNEAPOLIS] announced that Scott J. Robinson will be joining Donaldson as vice president and chief financial officer. Robinson joins Donaldson from Imation Corporation, where he was most recently the chief financial officer. During his 11 years with Imation, he also served as the investor relations officer, corporate controller and chief accounting officer. Prior to Imation, Robinson held positions at Deluxe Corporation and PricewaterhouseCoopers LLP.
Legacy Education Alliance, Inc. (OTCQB: LEAI) [CAPE CORAL, Fla.] appointed Peter W. Harper as an independent director of its Board. Mr. Harper was also appointed as chairman of the Audit Committee. Mr. Harper is currently the President and Chief Financial Officer at Twin-Star International. Prior to joining Twin-Star in 2013, Harper served as CFO at Scottsdale Insurance from 2005 to 2012 and Suntron Corporation from 2000 to 2005. Prior to that he had senior finance positions at Iomega Corporation and General Electric.
Lantheus Holdings, Inc. (NASDAQ: LNTH) [NORTH BILLERICA, Mass.] parent company of Lantheus Medical Imaging, Inc. (“LMI”) announced the appointment of Jack Crowley as interim Chief Financial Officer. Mr. Crowley replaces John Bakewell, who has served as Chief Financial Officer since June 2014 and has resigned from the Company to accept another position. Mr. Crowley joined the Company in September 2010 as Director of Accounting. He was promoted to Vice President of Finance in April 2013 and to Chief Accounting Officer in March 2015. Mr. Crowley joined the Company from Biogen Idec where he served in the roles of Director of Finance and Assistant Corporate Controller and Director of External Reporting. Previously, Mr. Crowley was the Director of Accounting at Fisher Scientific International.
Zendesk, Inc. (NYSE: ZEN) [SAN FRANCISCO] announced that SVP and Chief Financial Officer Alan Black has informed the company and board of directors of his plans to depart the company during 2016. Black, who joined Zendesk in 2011, will continue in his role as Chief Financial Officer until a replacement is identified.
MSA (NYSE: MSA) [PITTSBURGH] appointed Kenneth D. Krause to the position of Vice President, Chief Financial Officer and Treasurer. In this new role, Mr. Krause, a 10-year veteran of MSA, succeeds interim CFO Kerry Bove, who will resume his normal responsibilities as Senior Vice President and Chief Strategy Officer. Mr. Bove was appointed to the interim CFO role in August following the departure of Stacy McMahan, who resigned from the company to accept a CFO position at a medical device and life-sciences company. Mr. Krause began his career with MSA in 2006 as Director of Internal Audit. In 2009 he was promoted to Director of Decision Support. From 2013 to August of this year, Mr. Krause served as Executive Director of Global Finance and Assistant Treasurer. In August he was elected an officer of the company and promoted to the position of Vice President, Strategic Finance and Treasurer.
Domtar Corporation (NYSE: UFS) [FORT MILL, SC] announced the election of Mary A. Winston to its board of directors. From 2012 until August 2015, Ms. Winston served as the Executive Vice President and Chief Financial Officer of Family Dollar Stores, Inc. Before joining Family Dollar, Ms. Winston served as Senior Vice President and Chief Financial Officer of Giant Eagle, Inc. Prior to that, she served as Executive Vice President and Chief Financial Officer of Scholastic Corporation. Ms. Winston has also held executive-level positions with Visteon Corporation and with Pfizer, Inc. Ms. Winston currently serves on the board of directors and is chair of the audit committee of Dover Corporation. Ms. Winston also serves on the board of directors, the nominating and corporate governance committee and the audit committee of Plexus Corp.
Transcat, Inc. (NASDAQ: TRNS) [ROCHESTER, N.Y.] announced that John J. Zimmer, Senior Vice President of Finance and Chief Financial Officer, will retire from Transcat in 2016. The Company also announced that MichaeI J. Tschiderer has joined Transcat as Vice President of Finance and will succeed Mr. Zimmer as Chief Financial Officer on March 27, 2016.
UserZoom [SAN JOSE, CALIF.] announced that Deborah Eudaley joins UserZoom as Chief Financial Officer. Most recently, Deborah served as CFO & COO at Lyris. Her prior experience includes GoldenGate Software (acquired by Oracle in 2009), Oracle and SGI, as well as several venture and private equity-backed companies.
MedImpact Holdings, Inc. [SAN DIEGO] announced that Dave Wheeler, EVP and Chief Financial Officer has separated from MedImpact. Jim Gollaher, VP of Accounting and Controller, will serve as interim CFO.