CFO Moves this week include:
|Uber Technologies Inc.||Hertz Global Holdings, Inc.||United Airlines|
|Frontier Communications||Lowe’s Companies, Inc.||99 Cents Only Stores LLC|
|Omnitracs, LLC||Udemy||MEDNAX, Inc.|
|Accruit||The Providence Service Corporation||Fusion Risk Management, Inc.|
|ORBCOMM Inc.||CellTrak Technologies||Varo Money, Inc.|
|Lantheus Holdings, Inc.||RigNet, Inc.||Lightbridge Corporation|
|CIRCOR International, Inc.||Rosa Foods||Interlink Electronics, Inc.|
|Harvard Bioscience, Inc.||Paytronix Systems, Inc.||Xtant Medical Holdings, Inc.|
|Athenex, Inc.||American Well||Streamline Health Solutions, Inc.|
|Traditions Health, LLC||Pinnacle Climate Technologies|
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.
NOTE: CFO Search Report available monthly to CFOs only. Read more here.
CFO Moves is published by Samuel Dergel (Executive Search Consultant and CFO & Financial Executive Search Specialist with Dergel Executive Search). Samuel can be reached by email at firstname.lastname@example.org or by phone at +1 (415) 738-2070.
+ + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + +
Uber Technologies Inc. [San Francisco, California] announced the appointment of Nelson Chai as Chief Financial Officer (CFO). Nelson joins Uber from Warranty Group where he was CEO. Previously, he spent more than five years at CIT Group, where he most recently served as President. Before that, he was Chief Financial Officer of Merrill Lynch & Co.; NYSE Euronext, the parent company of the New York Stock Exchange; and Archipelago Holdings. Nelson serves on the boards of Thermo Fisher Scientific.
Hertz Global Holdings, Inc. [ESTERO, Fla.] (NYSE: HTZ) announced that Thomas (Tom) C. Kennedy, Hertz’s Chief Financial Officer (“CFO”), has resigned to pursue the next chapter of his career. Hertz also announced that effective on September 10, 2018, Jamere Jackson will join the Company as Chief Financial Officer. Mr. Jackson served as Chief Financial Officer of Nielsen Holdings plc from March 2014 to August 2018. Prior to joining Nielsen Holdings, Mr. Jackson was the Vice President & Chief Financial Officer of GE Oil & Gas – Drilling & Surface. He joined GE in 2004 and held a variety of leadership roles in GE Global Business Services, GE Corporate and GE Aviation before joining GE Oil & Gas. Prior to joining GE, Mr. Jackson held several roles in finance, mergers and acquisitions and strategic planning at The Procter & Gamble Company, Yum! Brands, Inc., First Data Corporation and Total System Services. In the interim period prior to Mr. Jackson formally joining Hertz, Robin Kramer, currently Hertz’s Senior Vice President and Chief Accounting Officer, will assume the additional role of Acting CFO. Ms. Kramer joined Hertz in May 2014 as part of the financial leadership team.
United Airlines [CHICAGO] (NYSE: UAL) announced Gerry Laderman, a 30-year United veteran, has been named executive vice president and chief financial officer. Laderman had been serving as acting chief financial officer since May. Previously, Laderman served as senior vice president of finance, procurement and treasurer and as a member of the senior executive leadership team. Laderman previously served as senior vice president of finance and treasurer for Continental Airlines from 2001 to 2010 and joined Continental in 1988.
Frontier Communications Corporation [Norwalk, Connecticut] announced the appointment of Sheldon Bruha, currently Frontier’s Treasurer, to serve as Interim Chief Financial Officer upon the departure of Perley McBride. Bruha joined Frontier in February 2018 as Senior Vice President and Treasurer. Prior to joining Frontier, Mr. Bruha served as Senior Vice President, Corporate Development and Capital Planning at CDI Corp., from March 2015 to February 2018. Mr. Bruha served in several capacities at Cable & Wireless Communications PLC from April 2004 to February 2015, most recently as Head, Corporate Finance, Treasury and Tax.
Lowe’s Companies, Inc. [MOORESVILLE, N.C.] (NYSE : LOW) announced the appointment of David M. Denton as executive vice president, chief financial officer. Denton currently serves as executive vice president and CFO of CVS Health and previously served as senior vice president and controller/chief accounting officer. Prior to that, Denton served as CFO and controller for PharmaCare, CVS Health’s legacy pharmacy benefits manager subsidiary. Additionally, he has held positions in corporate treasury, financial planning and analysis and corporate finance. Denton will join Lowe’s shortly after the closing of the CVS acquisition of Aetna, which is expected in the second half of 2018. Denton is currently a director of Tapestry, Inc. and is chairman of the company’s audit committee. Denton succeeds Marshall A. Croom, whose retirement was previously announced.
99 Cents Only Stores LLC [LOS ANGELES] announced that Ashok (Ash) Walia has been appointed Chief Financial Officer. Walia will succeed Felicia Thornton, who will continue in her position as Vice Chair of the Board of Directors of Number Holdings, Inc., the Company’s direct parent. Most recently, Walia served as Senior Vice President of Corporate Finance at Starbucks Corporation. Prior to that, he was Starbucks’ Senior Vice President of Global Integrated Logistics/Supply Chain Business Operations. Prior to his roles at Starbucks, Mr. Walia held positions of increasing responsibility at the Kellogg Company culminating as Global Vice President, Finance.
Omnitracs, LLC [DALLAS] announced the hiring of John Hofmann as Chief Financial Officer (CFO). Prior to joining Omnitracs, Hofmann was the CFO of Infogroup. Prior to Infogroup, he held leadership roles at known private equity firms Silver Lake Sumeru and GTCR. Hofmann began his career as a management consultant at McKinsey & Company.
Udemy [SAN FRANCISCO] announced the appointment of David Oppenheimer as the company’s Chief Financial Officer (CFO). Oppenheimer joins Udemy from Planet Labs, where he served as CFO. Prior to Planet, Oppenheimer was CFO at several companies including Ebates, ServiceSource, and Digital Impact.
MEDNAX, Inc. [FORT LAUDERDALE, Fla.] (NYSE: MD) announced the appointment of Stephen D. Farber as Executive Vice President. The Company anticipates that Mr. Farber will assume the additional role of Chief Financial Officer in November 2018 to succeed Vivian Lopez-Blanco, who recently announced her planned retirement from the Company. Farber most recently was Executive Vice President and Chief Financial Officer of Kindred Healthcare, Inc. Earlier in his career, Mr. Farber served as Chief Financial Officer of Tenet Healthcare Corporation. Farber has been involved in various private equity efforts, including as a healthcare executive-in-residence with Warburg Pincus LLC. Farber began his career as an investment banker with J.P. Morgan and Donaldson, Lufkin & Jenrette.
Accruit [DENVER] announced the addition of Pat Frawley as the company’s Chief Financial Officer. Frawley, a veteran of the United States Air Force, spent nine years with Liberty Global where he progressed from senior director of consolidations and reporting to vice president of accounting and finance operations with Unitymedia.
The Providence Service Corporation [STAMFORD, Conn.] (NASDAQ: PRSC) announced that it has appointed Kevin Dotts to serve as Chief Financial Officer (“CFO”) of both Providence and its largest subsidiary, LogistiCare Solutions, LLC. Mr. Dotts will be based out of LogistiCare’s headquarters in Atlanta, GA. Dotts recently served as Executive Vice President and Chief Financial Officer of Birch Communications, Inc. and its successor, FusionConnect. He has spent 14 of those years as a Chief Financial Officer including roles at Internap, Culligan International and EarthLink. Mr. Dotts began his career at General Electric Company (“GE”) and served in increasingly senior financial roles during his 15 years of tenure at GE. Dotts will succeed William Severance, previously Interim Chief Financial Officer of the Company, who has been appointed as Executive Vice President Finance, Office of the Providence CEO.
ORBCOMM Inc. [ROCHELLE PARK, N.J.] (NASDAQ: ORBC) announced the addition of Michael (Mike) W. Ford as Executive Vice President and Chief Financial Officer, effective September 4, 2018. Ford most recently served as Executive Vice President of Commercial Lending for Emigrant Savings Bank. Prior to that, he spent 13 years with Tyco International where he held several executive management positions at its various subsidiaries, including Vice President of Operations for Tyco Fire Products; Global Chief Financial Officer for ADT Security; President of Tyco Integrated Services for Europe, Middle East and Africa; Chief Financial Officer for Tyco SimplexGrinnell as well as Chief Financial Officer for Tyco Integrated Fire and Security based in Sydney, Australia. In addition, Mr. Ford spent 13 years at Ryder System, Inc. and held several financial management positions, including European Finance Director based in Dusseldorf, Germany. Dean Milcos, who has served as ORBCOMM’s Interim Chief Financial Officer since May 2018, will continue in his position as Senior Vice President and Chief Accounting Officer, reporting to Mr. Ford.
CellTrak Technologies [Schaumburg, IL] announced the addition of Dan Wacker as Chief Financial Officer. Previously, he was Chief Financial Officer at companies in the media, entertainment, and technology space – most recently ClubReady, LLC and the Coolfire family of companies. Dan currently sits on the board of MedAware Solutions, Inc. and serves as a mentor for Stadia Ventures in their technology accelerator program.
Varo Money, Inc. [SAN FRANCISCO] announced the hire of Thibault Fulconis as Chief Financial Officer. Fulconis joins Varo from the executive team of Bank of the West and its holding company BancWest. At Bank of the West, Fulconis served as Vice Chairman, Corporate Functions and Chief Operating Officer. Prior to that role, he oversaw the Commercial Banking and National Finance business units of the bank, and the Corporate Development, and served as Vice Chairman in charge of Finance. Before his tenure at Bank of the West, he held various positions, mostly in Finance, with parent company BNP Paribas since 1989. He served as CFO and Head of Development for the International Retail and Financial Services pole of BNP Paribas and as Head of Financial Management for the BNP Paribas Group. Before joining BNP Paribas, Fulconis was a business analyst in the mergers and acquisitions practice with Booz Allen Hamilton in Paris.
Coty Inc. [NEW YORK] (NYSE: COTY) announced the resignation of Patrice de Talhouët, Executive Vice President and Global Chief Financial Officer, who is leaving Coty to pursue other opportunities. Patrice will remain CFO through mid September 2018 and assist with transition thereafter. Ayesha Zafar, Coty’s Senior Vice President, Group Controller, will serve as the interim Chief Financial Officer effective September 15, 2018. Ayesha has been responsible for accounting operations and financial reporting, including as Coty’s principal accounting officer for more than two years, and she brings 30 years of finance experience across several multinational consumer goods and pharmaceuticals companies, including The Hertz Corporation, Bristol-Myers Squibb, Campbell Soup Company, PepsiCo, Inc., and Colgate-Palmolive Company.
Diversified [KENILWORTH, N.J.] announced Allison Aden is joining the company as its new Executive Vice President and Chief Financial Officer (CFO). Prior to joining Diversified, Aden led finance teams across several industries including technology integration, data security, professional services, manufacturing production & distribution, and commercial real estate. Aden will succeed Bruce Herman, who has served as the company’s CFO for two years. Herman will continue to be a key member of the Diversified executive team, leading several initiatives for the organization.
QuadraNet [LOS ANGELES] announced the hire of Brian Flowers who has joined the QuadraNet team as the company’s appointed Chief Financial Officer. Flowers’ career began in public accounting with the big four firm, KPMG LLP, before pivoting towards the private technology sector in which assumed the role of Controller and CFO in various start-up and private equity backed technology companies.
Lantheus Holdings, Inc. [NORTH BILLERICA, Mass.] (NASDAQ: LNTH) the parent company of Lantheus Medical Imaging, Inc. announced that it has appointed Robert J. Marshall, Jr. as Chief Financial Officer and Treasurer, effective September 24, 2018. Mr. Marshall succeeds Jack Crowley. Prior to joining the Company, Mr. Marshall spent 16 years with Zimmer Biomet Holdings, Inc., where he held various senior leadership roles, including Vice President, Investor Relations and Corporate Treasurer, and most recently as Vice President, Americas Finance, for the U.S., Canadian and Latin American commercial markets. Prior to Zimmer Biomet, Bob was employed with Brown & Williamson Tobacco, a subsidiary of British American Tobacco, p.l.c., in Louisville, Kentucky, where he held several positions of increasing responsibility.
RigNet, Inc. [HOUSTON] (NASDAQ: RNET) announced the appointment of Lee M. Ahlstrom as Senior Vice President and Chief Financial Officer (CFO). Most recently, Ahlstrom served as Senior Vice President and Chief Financial Officer for Paragon Offshore Ltd. and as Senior Vice President of Investor Relations, Strategy, and Planning. Previously, he served in executive and leadership roles at Noble Corporation, Burlington Resources, Unocal and as a consultant with McKinsey and Company. Mr. Ahlstrom began his career at ExxonMobil where he held a variety of engineering positions. Ahlstrom succeeds Tonya M. McDermott, who served as the Interim Chief Financial Officer. McDermott will resume her duties as RigNet’s Vice President of Tax and Treasury and will assist in the transition of duties to Ahlstrom.
Lightbridge Corporation [RESTON, Va.] (NASDAQ: LTBR) announced the appointment of Larry Goldman as Chief Financial Officer effective September 1, 2018. Linda Zwobota, Lightbridge’s current CFO will retire on September 1, 2018. Mr. Goldman first began working in a consulting role with the Company in 2006, taking the position of interim Chief Financial Officer and Treasurer and then became the acting Chief Accounting Officer of the Company in 2008. Mr. Goldman became an employee of Lightbridge on May 1, 2018. Prior to joining Lightbridge Corporation, Mr. Goldman was an Audit Assurance Partner for Livingston Wachtell & Co., LLP, a CPA firm in NYC for over 20 years focusing on assurance, tax and advisory services.
CIRCOR International, Inc. [BURLINGTON, Mass.] (NYSE: CIR) announced that Chief Financial Officer Rajeev Bhalla will depart CIRCOR. Mr. Bhalla has agreed to remain in his current role and assist with an orderly transition until a successor has been named.
Interlink Electronics, Inc. [WESTLAKE VILLAGE, Calif.] (NASDAQ: LINK) announced that David S. Burnett has stepped down as Chief Financial Officer. He will remain available to the company in an advisory capacity through the end of the calendar year. Steven N. Bronson, CEO of Interlink Electronics, Inc., will assume the role of acting Chief Financial Officer.
Paytronix Systems, Inc. [NEWTON, Mass.] announced that Jerry Cressman has been named to the newly created position of Chief Financial Officer. Jerry comes to Paytronix from JPMorgan Chase & Co. Merchant Services (previously Paymentech) where he held several leadership roles in Accounting, Business Strategy and Finance, including Head of Global Finance.
Xtant Medical Holdings, Inc. [BELGRADE, MT] (NYSE American: XTNT) announced the appointment of Kathie Lenzen as chief financial officer. Most recently, Ms. Lenzen served as the senior vice president and general manager of Astora Women’s Health division. Prior to being in this position, she was the vice president of finance for American Medical Systems.
Athenex, Inc. [BUFFALO, N.Y.] (NASDAQ: ATNX) announced the appointment of Randoll Sze as Chief Financial Officer of the company. Since October 2017, Mr. Sze has served as Director of Corporate Development and Investor Relations, Asia Pacific. Mr. Sze began his career with Credit Suisse in 2006, and was most recently a Director in its Investment Banking and Capital Markets Division in Hong Kong before joining Athenex.
American Well [BOSTON] announced that Keith W. Anderson has been appointed Chief Financial Officer. Anderson previously served as Managing Director and a member of the healthcare investment banking team at Piper Jaffray. Prior to this, he led the healthcare information technology efforts at investment banks in both New York and London.
Streamline Health Solutions, Inc. [ATLANTA] (NASDAQ : STRM) announced the hiring of Thomas (Tom) J. Gibson as Senior Vice President and Chief Financial Officer for the Company, effective September 10, 2018. Gibson is the former Chief Financial Officer of Citra Health Solutions and Vivex Biomedical, Inc. Prior to his service with Citra, Mr. Gibson served as the Principal Accounting Officer, Senior Vice President of Finance and Corporate Controller at R1 RCM (previously Accretive Health, Inc.). Mr. Gibson previously served with Greenway Medical Technologies as Chief Accounting Officer and with MedAssets as Senior Vice President, Finance and before that as Vice President of Revenue Cycle Management.
Traditions Health, LLC [COLLEGE STATION, Texas] announced the addition of Alan Blakeney as Chief Financial Officer. Prior to joining Traditions, Blakeney served as Chief Financial Officer of Camellia Healthcare.
Pinnacle Climate Technologies [EDEN PRAIRIE, Minn.] announced that Ryan J. Damask has been hired as the new Chief Financial Officer (CFO). Prior to joining Pinnacle Climate Technologies, Ryan was employed with Archway Marketing Inc., & Subsidiaries as the Chief Financial Officer. Prior to Archway, Ryan held various financial, operational, and information technology responsibilities within Compass Group PLC, Rio Tinto Alcan, and International Paper throughout the United States, Europe, and South America. Moreover, Ryan served in the United States Army Reserve for eight years.