CFO Moves

Tracking CFO Movement Across the USA

CFO Moves – week ending April 3, 2020

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CFO Moves this week include:

SiFive, Inc. Nine Energy Service, Inc. Valmont Industries, Inc.
Bloom Energy Hibbett Sports, Inc. Forestar Group Inc.
Jefferies Financial Group Inc. Pulse Systems BioCryst Pharmaceuticals, Inc.
Homeowners Trinity Industries, Inc. Aviat Networks, Inc.
Pure Cycle Corporation Contegix Unique Fabricating, Inc.
VisitPay Footprint Surge Holdings, Inc.
CenterPoint Energy, Inc. TapClicks

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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 samuel@dergelcfo.com or by phone at +1 (415) 738-2070.

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Shubham Maheshwari

SiFive, Inc. [SAN MATEO, CA] announced that Shubham “Sam” Maheshwari has joined the company as Chief Financial Officer (CFO). Before SiFive, he served for 6 years as CFO and later as CFO & COO of Veeco. Previous notable positions also include SVP, Finance, for Spansion. Maheshwari was also VP of mergers and acquisitions for KLA-Tencor and served as Corporate Controller.

Nine Energy Service, Inc. [HOUSTON] (NYSE: NINE) announced that Clinton Roeder, Senior Vice President and Chief Financial Officer has departed the Company by mutual consent. Guy Sirkes, Vice President, Strategic Development, has assumed the role of Senior Vice President and Chief Financial Officer. Prior to joining the Company in March 2019, Sirkes was an Executive Director with J.P. Morgan’s Energy Investment Banking Group.

Avner Applbaum

Valmont Industries, Inc. [OMAHA, NE] (NYSE: VMI) announced that Avner Applbaum joined the Company as Executive Vice President and Chief Financial Officer. Applbaum succeeds Mark Jaksich, who previously announced his plans to retire and will remain with the Company until December 26, 2020 to ensure a smooth transition. Applbaum joins Valmont having most recently been the Chief Financial Officer and Chief Operating Officer for Double E Company. In addition to holding several CFO roles for private equity-backed companies, he also spent over 15 years in senior financial and operational roles in publicly traded manufacturing companies, including Ametek, Belden, and TE Connectivity, formerly Tyco Electronics. Earlier in his career, Mr. Applbaum worked for Ernst & Young.

Bloom Energy [SAN JOSE, CA] (NYSE: BE) announced the appointment of Gregory Cameron as executive vice president and chief financial officer. Cameron will replace Bloom Energy’s EVP and CFO Randy Furr, who previously announced his intention to retire. Cameron was most recently president and CEO, Global Operations, GE Company. Previously, Cameron held a number of other senior executive roles at GE, including serving as president and CEO, Global Legacy Solutions for GE Capital, and CFO, Americas for GE Capital. In the earlier stages of his career with GE, Cameron held roles as CFO of GE Capital Solutions, CFO of Corporate Financial Services, and CFO of Healthcare Financial Services. He also held multiple roles in FP&A, served on the Corporate Audit Staff, and was an associate of the Financial Services Training Program.

Hibbett Sports, Inc. [BIRMINGHAM, AL] (NASDAQ/GS: HIBB) announced the upcoming appointment of Robert J. Volke as its new Chief Financial Officer. Volke’s employment with the Company will begin April 13, 2020 in the position of Senior Vice President of Accounting and Finance. Immediately following the filing of the Company’s Annual Report on Form 10-K for the fiscal year ended February 1, 2020, he will become the Chief Financial Officer. Volke will replace Scott R. Humphrey, who has been serving as the Company’s interim Chief Financial Officer. Volke was most recently employed with Fleet Farm, LLC since August 2018, most recently serving in the role of Interim Chief Financial Officer, and prior to that, as its Vice President, Accounting and Corporate Controller. Prior to his service at Fleet Farm, Volke held various positions of increasing responsibility with Tractor Supply Company from May 2007 to August 2018, serving most recently as its Vice President and Controller from March 2017 to August 2018.

Forestar Group Inc. [ARLINGTON, TX] (NYSE: FOR) announced that James (Jim) D. Allen has been named Chief Financial Officer (CFO) of Forestar. Allen most recently served as a Senior Operating Partner at Palm Beach Capital. Prior to joining Palm Beach Capital, he served as CFO of Hollander Sleep Products and held a variety of executive roles at both private and public companies, including Operating Vice President and Group CFO at Sun Capital Partners, Chief Administrative Officer at Mattress Firm Inc. and a variety of C-Suite roles at Tandycrafts Inc. after spending 10 years at PricewaterhouseCoopers where he began his career.

Jefferies Financial Group Inc. [NEW YORK] (NYSE: JEF) announced that Peg Broadbent, the CFO of Jefferies Group LLC, has passed away from coronavirus complications. Teri Gendron, CFO of Jefferies Financial Group, has been appointed as the interim CFO and Chief Accounting Officer of Jefferies Group LLC.

Pulse Systems [CONCORD, CA] announced the the appointment of Chris Buresch as CFO. Buresch previously served as CFO at Precision Wire Components — now known as TE Connectivity.

BioCryst Pharmaceuticals, Inc. [RESEARCH TRIANGLE PARK, NC] (NASDAQ: BCRX) announced the appointment of Anthony Doyle as senior vice president and chief financial officer (CFO). Doyle joins BioCryst from Worldwide Clinical Trials, where he has served as CFO since 2014. From 2004 to 2012, Mr. Doyle held a series of increasingly responsible roles at General Electric (GE), moving through FP&A, controller, audit, tax and commercial finance rotations in the GE Financial Management and Corporate Audit Staff finance and leadership training programs. He then led risk and pricing for GE Healthcare’s U.S. diagnostic imaging business and served as global program manager for GE Healthcare Solutions. From 2012 to 2014, he was CFO of World Book, a Berkshire Hathaway company.

Homeowners of America Insurance Company (HOAIC) [IRVING, TEXAS] announced that Richard B. Runyan has joined the company as its new Chief Financial Officer (CFO). Runyan joins HOAIC from Centauri Insurance Group where he was CFO. Prior to his most recent position at Centauri Insurance Group, Runyan was Vice President and Controller at Geovera Holdings, Inc. In addition to that position, he’s also held various titles such as Corporate Controller, Director of Accounting, and Division Controller at prior companies.

Trinity Industries, Inc. [DALLAS] (NYSE: TRN) announced that Eric R. Marchetto has been appointed Trinity’s Chief Financial Officer succeeding Melendy E. Lovett, who will return to her previous position as Chief Administrative Officer. Marchetto was previously Group President, TrinityRail. Previous to this, he was Chief Financial Officer of the company.

Aviat Networks, Inc. [AUSTIN, TX] (NASDAQ: AVNW) announced the promotion of Eric Chang to Chief Financial Officer. Chang joined Aviat in February 2016 and most recently served as Senior Vice President, Corporate Controller and Principal Accounting Officer. Prior to joining Aviat Networks, Chang served as senior director and corporate controller at Micrel, Incorporated from 2013 to 2016 until it was acquired by Microchip Technology. Before that, Chang served as senior director, assistant corporate controller and business unit controller at Atmel Corporation from 2007 to 2013. Chang was at Ernst & Young LLP from 2003 to 2007, where he last served as senior audit manager.

Pure Cycle Corporation [DENVER, CO] (NASDAQ CM: PCYO) announced the addition of Kevin McNeill as the Company’s Vice President with appointment to Chief Financial Officer effective in early April 2020. McNeill began his career with Ernst &Young in Denver in the Audit and Advisory Business Services group. After being promoted to Audit Manager, McNeill transitioned to corporate accounting and served in various positions including as Controller of Pure Cycle from 2004 through 2012 when he left to be Controller for First Western Financial, Inc. Most recently Mr. McNeill was the VP, Chief Financial Officer and Chief Compliance Officer for a privately held wealth management company in Austin, Texas.

Mike Dunn

Contegix [DULLES, VA] announced that it has named Mike Dunn as its new chief financial officer. Prior to Contegix, Dunn was the CFO of NeoSystems, LLC. Before NeoSystems, Dunn was the CFO of Siteworx. Prior to that, Mike was the CFO of Recovery Point Systems.

Unique Fabricating, Inc. [AUBURN HILLS, MI] (NYSE American: UFAB) announced it has appointed Brian P. Loftus as Chief Financial Officer. For the last 18 months, Loftus served as the Corporate Controller for Wabash National Corporation. Prior to Wabash, Loftus was the Corporate Controller for Horizon Global Corporation. Loftus has also held various positions with TriMas Corporation, including Controller for TriMas’ former subsidiary Cequent Performance Products, Inc., Segment Financial Manager, and Corporate Audit Manager.

Tom Ryden

VisitPay [BOISE, ID] announced the addition of Tom Ryden as chief financial officer (CFO). Most recently, Ryden was chief operating officer of AppDetex. Before AppDetex, Ryden held CFO and similar positions at Mapp Digital, Clarivate Analytics, Thomson Reuters, MarkMonitor and SCP Global Technologies.

Footprint [GILBERT, AZ] announced the appointment of Brad Lukow as Chief Financial Officer (CFO). Lukow joins Footprint from Sprouts Farmers Market, where he held the position of interim co-CEO and CFO. Lukow also previously served as executive vice president and CFO of Shoppers Drug Mart. Prior to his experience as CFO, he held roles of increasing responsibility within the financial functions at Shoppers and spent several years in public accounting at Arthur Young International and Ernst & Young.

Surge Holdings, Inc. [MEMPHIS, TN] (OTCQB: SURG) announced the appointment of Anthony Evers as Chief Financial Officer. Evers replaces Brian Speck, who will continue to serve as a consultant to the Company. Most recently, Evers served as Chief Financial Officer for Vista Health System. He has also served as CFO for organizations including Santa Cruz Valley Regional Hospital, KSB Hospital, Norwegian American Hospital, and Horizon Homecare and Hospice.

CenterPoint Energy, Inc. [HOUSTON] (NYSE: CNP)  announced that it has appointed current Senior Vice President and Chief Accounting Officer Kristie L. Colvin as interim Executive Vice President and Chief Financial Officer to succeed Xia Liu, who will be leaving the company to pursue another career opportunity following a transition period. An over 30-year veteran of CenterPoint Energy and its predecessor companies, Colvin has served as senior vice president and chief accounting officer since September 2014.

TapClicks [SAN JOSE, CA] announced that Kevin Thompson has joined TapClicks as Chief Financial Officer. Previously, Thompson served as CFO of Selligent. He was also CFO for Elastica (acquired by Blue Coat), HEAT Software (acquired by Clearlake Capital), and Vitria Technology.

CFO Moves – week ending March 20, 2020

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CFO Moves this week include:

AmTrust Financial Services, Inc. YGC CuriosityStream
OmniTRAX Charles River Associates Flexsteel Industries, Inc.
Aura Catasys, Inc. Essential Properties Realty Trust, Inc.
Elara Caring American Tower Corporation Stonewall Kitchen, LLC
Cumulus Media Inc. Overstock.com, Inc. First Northwest Bancorp
UNITIL Corporation Blucora, Inc. Farmer Bros. Co.
Accruit Dunbar Security Solutions UpKeep
Cardinal Health MiMedx Group, Inc. Tenneco Inc.
SVB&T Corporation

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 samuel@dergelcfo.com or by phone at +1 (415) 738-2070.

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AmTrust Financial Services, Inc. [NEW YORK] announced the appointment of Daniel Pacicco, to the position of Executive Vice President and Chief Financial Officer. Pacicco will succeed Adam Karkowsky, who was promoted to AmTrust President. Pacicco joins AmTrust from Assurant, Inc., where he served as Senior Vice President, Chief Accounting Officer and Controller since June 2017. Prior to Assurant, Pacicco served as Senior Vice President, Finance for the North American operations of Chubb Limited, after holding many roles in over two decades with The Chubb Corporation. Before Chubb, Pacicco spent over ten years at Ernst & Young.

YGC [Austin, TX] announced that Chris Ragland has joined as Chief Financial Officer. Previously he was with Noble Capital as Partner and Chief Operating Officer.

Jason Eustace

CuriosityStream [SILVER SPRING, MD] announced that Jason Eustace has joined as Chief Financial Officer. Prior to this role, Eustace served as the Head of Finance for Bluemercury, Pet360 and Discovery Communications-US Networks.

OmniTRAX [DENVER] an affiliate of The Broe Group, announced Robert Walker has been appointed Chief Financial Officer. For the past 10 years, Walker served as Chief Operating and Financial Officer at The Madison Companies and affiliates. Prior to joining The Madison Companies, he served as Executive Vice President and CFO of property operations and redevelopment at Apartment Investment and Management Company, and as Senior Vice President and CFO for Miller Global Properties. Walker started his career in audit and advisory services at Ernst & Young and served as Global Controller for GE Capital Real Estate.

Charles River Associates [BOSTON] (NASDAQ: CRAI) announced the appointment of Daniel K. Mahoney as Chief Financial Officer effective March 30, 2020. Mahoney most recently served as Senior Vice President, Head of Finance at BrightSphere Investment Group. Mahoney assumes the role from Chad Holmes, who will be CRA’s Executive Vice President and Chief Corporate Development Officer. Mahoney was most recently at BrightSphere Investment Group where he served as SVP and Head of Finance. Prior to BrightSphere, Mahoney was Chief Accounting Officer at State Street Global Advisors (SSgA).

Flexsteel Industries, Inc. [DUBUQUE, IA] (NASDAQ: FLXS) announced that Derek P. Schmidt will join Flexsteel and assume the role of Chief Financial Officer and Chief Operating Officer on April 6, 2020. Schmidt most recently served as the Senior Vice President, Chief Financial Officer for Crescent Electric Supply Co. Prior to joining Crescent Electric Supply Co., Schmidt held multiple executive positions with HNI Corporation (HNI). From 2016 – 2018, Schmidt held the position of Vice President & General Manager, Transactional – The HON Company, an HNI operating company. From 2014 – 2016, Mr. Schmidt held the position of Vice President, Finance for The HON Company. From 2013 – 2014, Schmidt held the position of Vice President, Finance – HNI Leveraged Furniture Operations. From 2011 – 2013, Schmidt held the position of Treasurer and Vice President, Corporate Finance and led M&A, treasury, investor relations and corporate planning. Prior to joining HNI, Schmidt held financial leadership positions with companies such as Silgan Plastics Corporation, MasterBrand Cabinets, Inc., and General Mills Inc.

Anne M. Myong

Aura [SAN FRANCISCO] named Anne M. Myong as Chief Financial Officer. Prior to joining Aura, Myong served as Senior Vice President and Chief Financial Officer for Walmart’s Global eCommerce business. She joined Walmart in 2011 as Chief Administrative Officer of its retail operation in China and became CFO the following year. During her tenure with Walmart, Ms. Myong served as a member of the board of directors of Walmart Mexico and was a member of the CEO’s advisory board of women leaders. Prior to Walmart, Myong held a variety of finance, strategy and investment roles in start-up and Fortune 500 technology companies in Silicon Valley and China. Myong started her career with McKinsey & Company in Washington, DC and New York. In addition, Myong is a member of the Audit Committee and Board of Directors at Align Technology (NASDAQ: ALGN) and a Board Director, Treasurer and Chair of the Finance Committee of Goodwill Industries International.

Catasys, Inc. [SANTA MONICA, CA] (NASDAQ: CATS) announced the appointment of Brandon H. LaVerne as Chief Financial Officer. Prior to joining, Laverne was CFO of PCM, Inc. Prior to PCM, Inc., LaVerne was an Accounting Supervisor at Computer Sciences Corporation. Previously, he was a Senior Auditor at Deloitte and Touche LLP.

Essential Properties Realty Trust, Inc. [PRINCETON, NJ] (NYSE: EPRT) announced the appointment of Anthony K. Dobkin, a member of the Company’s Board of Directors, as Interim Chief Financial Officer. Hillary P. Hai, the Company’s former Executive Vice President, Chief Financial Officer and Treasurer, will leave the Company on April 30, 2020.

Elara Caring [ADDISON, TX] announced that Bruce Jarvie has been named Chief Executive Officer (CFO). Jarvie previously served as CFO at EmblemHealth. He also held a divisional CFO position at Optum (part of UnitedHealth Group), and served in senior finance roles at BAE Systems, Inc. and UAL Corporation, the parent company of United Airlines.

American Tower Corporation [BOSTON] (NYSE: AMT) announced that Rod Smith, the Company’s current Senior Vice President, Corporate Finance and Treasurer will become the new Executive Vice President, Chief Financial Officer and Treasurer, replacing Tom Bartlett who has been promoted to President and Chief Executive Officer, Smith has been with the Company for more than ten years, including serving as Chief Financial Officer of the Company’s U.S. Tower Division.

Stonewall Kitchen, LLC [YORK, ME] announced that Rick Lees has joined the company as Chief Financial Officer. Most recently, Lees was Ocean Spray’s Chief Financial Officer for 8 years. Prior to Ocean Spray, Lees held other key executive positions for well-known companies such as Pillsbury, Dannon and Gillette.

Cumulus Media Inc. [ATLANTA] (NASDAQ: CMLS) announced that Frank Lopez-Balboa has been appointed Executive Vice President and Chief Financial Officer. Most recently, Lopez-Balboa served as Executive Vice President and Chief Financial Officer of Univision Communications Inc. Prior to Univision, Lopez-Balboa spent more than 20 years in investment banking at Goldman Sachs.

Adrianne Lee

Overstock.com, Inc. [SALT LAKE CITY] (NASDAQ: OSTK) announced the appointment of Adrianne Lee as its Chief Financial Officer. Lee will assume the role on March 31, 2020. Lee joins Overstock from The Hertz Corporation where she was senior vice president and CFO of the company’s North American Rental Car unit. Prior to that, she served as vice president of global financial planning and analysis and corporate development for Hertz. Before joining The Hertz Corporation, Lee led financial planning and analysis for Best Buy’s e-commerce business, and held several roles in finance, strategic planning, accounting and financial reporting, investor relations and audit at PepsiCo, Allianz Life and PricewaterhouseCoopers.

First Northwest Bancorp [PORT ANGELES, WA] (NASDAQ: FNWB), the holding company for First Federal Savings and Loan Association of Port Angeles, announced that Regina Wood resigned as Chief Financial Officer, to pursue another business opportunity.  Geri Bullard, currently serving as Senior Vice President and Treasurer, assumed the position of Interim Chief Financial Officer. Bullard joined the bank earlier this year as SVP and Treasurer. Prior to joining First Federal, Bullard served as Controller at Salal Credit Union, located in Seattle, from August 2018 to January 2020, and Chief Financial Officer of First Sound Bank, also in Seattle, from February 2017 to August 2018.

UNITIL Corporation [HAMPTON, NH] (NYSE:UTL) announced the resignation of Christine L. Vaughan, Senior Vice President, Chief Financial Officer (“CFO”) and Treasurer. The Company has appointed Laurence M. Brock as the interim CFO and Treasurer. Brock has been Unitil’s Controller and Chief Accounting Officer since June 2005, and was Vice President and Controller from 1995 until 2005.

Blucora, Inc. [IRVING, TX] (NASDAQ: BCOR) announced that Mimi Carsley has been named interim Chief Financial Officer. A member of the Blucora team since 2018, Carsley has held a number of leadership roles inside the company including as Vice President, Financial Planning & Analysis and as CFO of its Avantax Wealth Management business unit. Her Blucora experience also includes having served as Vice President of Corporate Development and Integration Management Office. Carsley’s distinguished career has included senior roles at leading companies, including serving as Chief Financial Officer for the Specialized Devices and Applications business group at Microsoft Corporation. While at Microsoft, she also held the roles of Director of Corporate Development and Strategy, Director of Strategic Corporate Finance, and Director of Portfolio Management. Prior to joining Blucora, Carsley held various leadership roles at LPL Financial Holdings, including as Executive Vice President of Corporate Development and Treasurer as well as Senior Vice President and Chief of Staff. Before that, she was Chief Financial Officer and Chief Operating Officer at Bluewater Global Ltd. Earlier in her career, Carsley was Assistant Vice President of Financial Security Assurance Inc. and as Assistant Portfolio Manager with JPMorgan Chase.

Farmer Bros. Co. [NORTHLAKE, TX] (NASDAQ: FARM) announced the appointment of Scott Drake as Chief Financial Officer and Treasurer. Scott Lyon will continue to serve in his role as Farmer Brothers’ Vice President, Controller. Most recently, Drake served as GameStop Corp.’s Senior Vice President, Finance and Treasurer. Prior to that, Drake served as 7-Eleven, Inc.’s Vice President, Finance Strategy and Communications from 2001 to 2015. Prior to 2001, he held finance and accounting positions with Arthur Andersen, La Madeleine French Bakery and Café, Coca-Cola Enterprises and Coopers & Lybrand.

Accruit [DENVER] announced the addition of Steve Holtkamp as the company’s Executive Vice President and Chief Financial Officer. Holtkamp most recently was Chief Strategy Officer for Hotel Engine. Prior to Hotel Engine, Holtkamp spent ten years with Morgan Stanley.

Dunbar Security Solutions (DSS) [HUNT VALLEY, MD]  and Dunbar Security Products (DSP) jointly announce that Jeff Berg, formerly the Vice President of Finance at DSS, is now the Chief Financial Officer for both companies. Berg has been with the Dunbar family of companies since 2008 where he started as a senior member of the Finance Department at Dunbar Armored. He became the Vice President of Finance at DSS in 2016, and now as CFO.

Jim Lightsey

UpKeep [LOS ANGELES] announced that Jim Lightsey has joined as Chief Financial Officer. Previously, Jim served as Chief Financial Officer of Leanplum. Prior to Leanplum, Jim was Chief Financial Officer with InsideView. Jim also served as President and Founder of emindhealth, and was Director of Corporate Development for Homestore.com.

Jason Hollar

Cardinal Health [DUBLIN, OH] (NYSE: CAH) announced that it appointed Jason Hollar as Chief Financial Officer, effective May 12. Hollar most recently served as the chief financial officer of Tenneco Inc. Hollar joined Tenneco in June 2017 from Sears Holding Corporation, where he served as chief financial officer. Prior to Sears, Hollar worked with both Delphi Automotive and Navistar in a number of senior finance roles. He served as Delphi’s corporate controller and as vice president of finance for the company’s powertrain systems division. At Navistar, he held finance positions of increasing responsibility in the company’s engine group, South America operations and corporate financial planning and analysis.

MiMedx Group, Inc. [MARIETTA, GA] (OTC PINK: MDXG) announced that Peter M. Carlson, Executive Vice President of Finance, has been named as the Company’s Chief Financial Officer. Carlson joined MiMedx in December 2019. Carlson served as Chief Operating Officer at Brighthouse Financial, Inc. Carlson was the Chief Accounting Officer at MetLife, Inc. for eight years. Prior to joining MetLife in 2009, Carlson was the Corporate Controller at Wachovia Corporation. Carlson currently serves as a director of White Mountains Insurance Company.

Tenneco Inc. [LAKE FOREST, IL] (NYSE: TEN) announced that Kenneth R. Trammell has been appointed to the role of interim Chief Financial Officer, effective April 1, 2020. Trammell’s appointment follows Jason Hollar‘s decision to leave the role of Executive Vice President and Chief Financial Officer in order to accept an equivalent role at a Fortune 100 company. Trammell previously served as chief financial officer of Tenneco Inc. from 2003 to 2018. Prior to that position, he held a number of finance roles at the Company, where he was responsible for financial and operational accounting, financial reporting, planning and analysis and all audit functions. He joined Tenneco in 1996 as assistant controller and was promoted to corporate controller the following year and served as vice president and controller, beginning in November 1999.

SVB&T Corporation [JASPER, IN] (OTCQX:SVBT), the bank holding company of Springs Valley Bank & Trust Company, announced the appointment of Ryan Heim as Chief Financial Officer (CFO) and Treasurer. He is superseding Darrell Blocker who announced his plans to retire March 31, 2020. Additionally, Heim will be responsible for the financial operations of Springs Valley Bank & Trust Company as Senior Executive Vice President, CFO and cashier. Heim began his career as an Investment Banking Analyst with Dresner Partners Investment Banking in Chicago and was previously employed with Springs Valley Bank & Trust as an Investment Analyst with the Financial Advisory Group before transitioning to the Accounting Department as a Financial Analyst. Heim was most recently employed with Kimball Electronics as Financial Planning & Analysis Manager before rejoining Springs Valley as Vice President and Financial Planning Manager in January 2019.

CFO Moves – week ending March 13, 2020

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CFO Moves this week include:

CIRCOR International, Inc. Amneal Pharmaceuticals, Inc. Komodo Health
OneMedNet Corporation FedEx Corp. iFresh Inc.
Royal Financial, Inc. BlueLinx Corporation Ogilvy Health
Bioanalytical Systems, Inc. Workscape Inc. T5 Data Centers
Remitter USA Inc. InfuSystem Holdings Inc. WideOpenWest, Inc.
AlphaSense Udacity Minimizer
CreditRiskMonitor.com, Inc. PDL BioPharma, Inc. Claire’s Stores, Inc.
WalkMe

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 samuel@dergelcfo.com or by phone at +1 (415) 738-2070.

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CIRCOR International, Inc. [BURLINGTON, MA] (NYSE: CIR) announced the appointment of Abhishek Khandelwal as Senior Vice President and Chief Financial Officer, effective April 6, 2020. Since 2010, he has held a number of senior finance roles at IDEX, most recently serving as VP, Corporate Finance and Operations CFO. Prior to IDEX, he held a range of financial leadership positions at Stanley Black & Decker and General Electric.

Amneal Pharmaceuticals, Inc. [BRIDGEWATER, NJ] (NYSE: AMRX) announced it has appointed Tasos Konidaris as Senior Vice President, Chief Financial Officer. Konidaris succeeds Todd Branning. Konidaris most recently served as Chief Financial Officer and as a board member of Alcresta Therapeutics, Inc. Prior to that, he served as Executive Vice President, Chief Financial Officer and Head of Corporate Development of Ikaria, Inc. Konidaris also previously served seven years as Senior Vice President and Chief Financial Officer of Dun & Bradstreet Corporation, as well as held various roles of increasing responsibility at Schering-Plough Corporation, Pharmacia Corporation, Novartis Corporation and Bristol-Myers Squibb.

Komodo Health [SAN FRANCISCO & NEW YORK] announced the appointments of Eileen Tobias as Chief Financial Officer. Tobias most recently served as Vice President of Financial Planning and Analysis at Dropbox. Prior to Dropbox, Tobias spent 12 years in finance leadership at NetSuite, and also worked at Brocade Communications, Hewlett-Packard, and PriceWaterhouseCoopers.

Jon Freeman

OneMedNet Corporation [EDEN PRAIRIE, MN] announced that Jon Freeman has joined the company as the Chief Financial Officer (CFO). Freeman’s leadership experience in Healthcare/Life Sciences include progressive roles at: Fluke/Danaher, ev3/Covidien, Medafor (acquired by C.R. Bard), HistoSonics, and Gila Therapeutics.

Michael C. Lenz

FedEx Corp. [MEMPHIS, TN] (NYSE: FDX) announced that Alan Graf, executive vice president and chief financial officer, will retire effective December 31, 2020. Mike Lenz, corporate vice president and treasurer, has been named his successor. Graf will serve as CFO until September 22, 2020 and remain at the company as executive vice president and senior advisor through the end of the year to ensure a smooth transition of responsibilities. Lenz will become executive vice president and CFO-Elect effective June 1 and will assume the role of CFO for FedEx Corporation on Sept. 22, 2020. Lenz joined FedEx in 2005 as vice president of finance at FedEx Office. He became staff vice president of strategic finance at FedEx Corporation in 2010, followed by a promotion to his current role as corporate vice president and treasurer in 2012. Prior to joining FedEx, Lenz worked at American Airlines, where he held positions in several finance and commercial areas including investor relations, financial planning and analysis, international planning and fleet planning.

iFresh Inc. [NEW YORK] announced that it appoints Amy Xue as the Company’s Chief Financial Officer. Xue succeeds Chang Kao (Eddie) Chiang. Xue has served as Partner, CFO Services of Wall Street CPA Services, LLC in New York since October 2010 where she, among other professional services, worked as CFO for XT Energy Group, Inc., and CFO for General Agriculture Corp. and Vice President in Finance for Huifeng Bio-Pharmaceutical Technology. Previously, Xue was a senior manager of SEC Audit Services at Acquavella, Chiarelli, Shuster, Berkower & Co., LLP in New York from September 2007 and October 2010.

Royal Financial, Inc. [CHICAGO] (OTCQX: RYFL), the bank holding company for Royal Savings Bank, announced the promotion of Colleen Thomiszer to Senior Vice President and Chief Financial Officer of the Company and Bank. Thomiszer has served the Company and Bank as the Accounting Officer and Controller since 2017.  She joined the Company as Staff Accountant in 2014.

BlueLinx Corporation [MARIETTA, GA] (NYSE: BXC) announced that Susan O’Farrell, its Senior Vice President, Chief Financial Officer, and Treasurer, will be retiring. O’Farrell will remain with the Company until April 12, 2020. The Company also announced that Kelly C. Janzen will join the Company as its Senior Vice President, Chief Financial Officer, and Treasurer, effective April 13, 2020. Janzen brings over 25 years of experience in various financial roles, most recently as the Chief Accounting Officer of WestRock Company. Before joining WestRock, Janzen served as Vice President, Controller, and Chief Accounting Officer for Baker Hughes Inc., Vice President Finance and Chief Accounting Officer for McDermott International Inc., and served in various leadership roles within the Controllership function with General Electric.

Ogilvy Health [NEW YORK], part of Ogilvy, announced the promotion of Ripal R. Patel from SVP, Client Financial Services to Chief Financial Officer (CFO). Patel has assumed the role of CFO from Robert Saporito, who announced his impending retirement at the end of 2019. Patel joined Ogilvy Health in 2007 as Director of Client Financial Services and was elevated to SVP, Client Financial Services in 2009.

Bioanalytical Systems, Inc. [WEST LAFAYETTE, IN] (NASDAQ: BASI), operating as Inotiv, announced the appointment of Beth A. Taylor as Vice President – Finance and Chief Financial Officer of the Company. Taylor succeeds Jill C. Blumhoff, who had served as the Company’s Vice President – Finance and Chief Financial Officer since May 2016. Prior to joining Inotiv, Taylor held progressively responsible VP of Finance, Controllership and other financial leadership positions at Endocyte, Inc., Author Solutions, Inc., Harlan Laboratories, Inc., Republic Airways Holdings and Rolls-Royce Corporation.

Workscape Inc. [PITTSBURGH] announced that Abigail Slovonic has been promoted to CFO. Prior to starting at Workscape, she was the director of grants management at a private New York foundation supporting brain research before becoming Director of Finance and Operations at BAW Plastics.

Peter Almond

T5 Data Centers [ATLANTA] announced that Peter Almond recently joined the company as its new Chief Financial Officer (CFO). He served as a Managing Director in Leveraged Finance most recently for SunTrust Robinson Humphrey and previously for Bank of America Merrill Lynch.

Jennifer Cummings

Remitter USA Inc. [PHOENIX] announced the hire of Jennifer Cummings as Chief Financial Officer.

InfuSystem Holdings Inc. [ROCHESTER HILLS, MI] (NYSE American: INFU) announced that Barry G. Steele has joined the Company as Chief Financial Officer. Steele replaces interim CFO Wes Winnekins. Steele previously served as Chief Financial Officer of Horizon Global Corporation. Prior to Horizon, Steele served as Vice President of Finance and Chief Financial Officer of Gentherm Incorporated from 2004 to 2018. From 1997 to 2004, Steele held various finance positions with Advanced Accessory Systems, LLC, including Chief Accounting Officer, Chief Financial Officer, Corporate Controller, Treasurer and Financial Reporting Manager.  From 1993 to 1997, Steele was Senior Auditor with Price Waterhouse LLP.

WOW! Internet, Cable & Phone (NYSE: WOW) [ENGLEWOOD, CO] announced that Rich Fish, chief financial officer will leave the company effective April 1.

AlphaSense [NEW YORK] announced that Joseph Hill has joined as Chief Financial Officer. Most recently, Hill was the CFO of Greenway Health. Previously, he was CFO at Monotype, CFO at Metabolix, and CFO at AMICAS.

Seamus Hennessy

Udacity [MOUNTAIN VIEW, CA] announced the appointment of Seamus Hennessy as its new Chief Financial Officer. Prior to Udacity, Hennessy spent eight years as CFO at Ruckus Wireless. He has also held CFO positions at Big Switch Networks, Cohesity and Aerohive Networks.

Tony Henningson

Minimizer [BLOOMING PRAIRIE, MN] hired Tony Henningson as Chief Financial Officer. Previously, Henningson served as VP of Finance for KTM North America.  He also held leadership roles at Pillsbury, Polaris, Genmar, and PBH Marine Group.

CreditRiskMonitor.com, Inc. [VALLEY COTTAGE, NY] (OTCBB: CRMZ) announced that Lawrence Fensterstock, Senior Vice President and Chief Financial Officer, has informed the company of his intention to retire effective June 30, 2020, and will be resigning as Chief Financial Officer on March 31, 2020. The company appointed Steven Gargano as Senior Vice President and Chief Financial Officer effective April 1st. Gargano previously served as both a Chief Financial Officer and a Risk Manager for such entities as the 1199 Pension and Benefit Funds, LUX Fund Technology & Solutions, Artivest Advisors, US Bancorp Fund Services, Mariner Investment Group and Gabelli Asset Management.

PDL BioPharma, Inc. [INCLINE VILLAGE, NV] (NASDAQ: PDLI) announced the appointment of Edward A. Imbrogno as the Company’s Vice President and Chief Financial Officer. Imbrogno joined PDL as Vice President of Finance in October 2018. Imbrogno was appointed as the Company’s Chief Accounting Officer in June 2019 and assumed the additional responsibilities as Acting Chief Financial Officer in November 2019.

Claire’s Stores, Inc. [HOFFMAN ESTATES, IL] announced that Michael Schwindle has been appointed as Executive Vice President, Chief Financial Officer. Schwindle most recently served as CFO for Fleet Farm. Previously, he held multinational and domestic CFO roles at Payless ShoeSource, Harry & David, and Musician’s Friend. Schwindle started his career at Deloitte & Touche LLP, and subsequently held both operational and financial leadership roles at Home Depot, Limited Brands, and The Longaberger Company.

Andrew Casey

WalkMe [SAN FRANCISCO] announced the appointment of Andrew Casey as its first Chief Financial Officer (CFO). Casey most recently served as senior vice president of finance and customer operations at ServiceNow. He has 29 years of experience at HP, Symantec, Oracle and Sun Microsystems.

CFO Moves – week ending February 21, 2020

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CFO Moves this week include:

Silvaco, Inc. Xcel Energy NIKE, Inc.
Groupon ThreatConnect, Inc. Leanplum
Billtrust House of Saka, Inc. MedLite ID, Inc.
Lincoln Electric Holdings, Inc. ADDvantage Technologies Group, Inc. Tile
Staffing 360 Solutions, Inc. Adaptimmune Therapeutics plc Digital Hands
Vendavo Engineered Tax Services Inc. Green Hygienics Holdings Inc.
DuPont Trilogy Real Estate Group API Technologies Corp.

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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 samuel@dergelcfo.com or by phone at +1 (415) 738-2070.

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Silvaco, Inc. [SANTA CLARA, CA] announced the appointment of Howard Hideshima as Chief Financial Officer (CFO). Hideshima was previously at Super Micro Computers, where he was Sr. VP and CFO, and led a successful IPO in 2007. Hideshima has more than 30 years of experience, including senior management roles in companies such as Force10 Networks (acquired by Dell), Virtual Silicon Technology (acquired by MOSAID), Internet Corporation, and ESS Technology.

Xcel Energy [MINNEAPOLIS] (NASDAQ: XEL) announced that Bob Frenzel will be named president and chief operating officer and that Brian Van Abel will be the company’s chief financial officer, both effective March 31. Frenzel is currently serving as chief financial officer. Van Abel is currently serving as senior vice president, Finance and Corporate Development. .

NIKE, Inc. [BEAVERTON, OR] (NYSE: NKE) announced that Andy Campion, currently Executive Vice President and Chief Financial Officer, will become Chief Operating Officer, effective April 1. Matthew Friend, currently CFO of Operating Segments and Vice President of Investor Relations, will become the new CFO for NIKE, Inc. Campion joined Nike in 2007 as VP of Global Planning and Development and served in senior finance and strategy roles before becoming CFO in 2015. Prior to joining Nike, he held leadership roles in strategic planning, mergers and acquisitions, financial planning and analysis, operations planning, investor relations, and tax at The Walt Disney Co. from 1996 to 2007. Friend joined Nike in 2009, working on Corporate Strategy and Corporate Development, before being appointed CFO of Emerging Markets (now APLA) in 2011. He has served as CFO of Global Categories, Product and Functions; CFO of Global Brands and Functions; and CFO of the Nike Brand. As of 2019, Friend has served as CFO of Operating Segments and VP of Investor Relations. Prior to joining Nike, he worked in the financial industry including roles as VP of investment banking and mergers and acquisitions at Goldman Sachs and Morgan Stanley.

Melissa Thomas

Groupon [CHICAGO] (NASDAQ: GRPN) announced that interim Chief Financial Officer Melissa Thomas assumes the role on a permanent basis. Thomas joined Groupon in 2017 as vice president of Commercial Finance and currently also serves as Chief Accounting Officer and Treasurer. Previously, she was vice president of Finance at Surgical Care Affiliates and spent nearly nine years at Orbitz Worldwide in a variety of positions including vice president of Finance. She has served as interim CFO since August 2019.

ThreatConnect, Inc. [ARLINGTON, VA] announced the hiring of Daniel Moser as CFO.Moser joins ThreatConnect with over 20 years of finance and operational leadership in the technology space. Moser had held CFO positions at ExecVision and Surefire Local.

Leanplum [SAN FRANSISCO] announced the appointment of Sheri Huston as chief financial officer (CFO). Huston has held CFO positions at Comscore Networks and LiquiBox, and senior financial leadership roles at Rockwell Automation and IRI.

Mark Shifke

Billtrust [LAWRENCEVILLE, NJ] announced the appointment of Mark Shifke as Chief Financial Officer. Most recently, Shifke served as CFO of Green Dot, also holding General Manager, Government Programs and Vice President, Special Projects positions at the fintech firm. Previously, he served as Managing Director, M&A and Corporate Finance Advisory at J.P. Morgan and as a Vice President at Goldman Sachs. He has also served as a Partner at Davis Polk & Wardwell LLP, a law firm and a Principal at KPMG LLP.

Sue Bachorski

House of Saka, Inc. [NAPA VALLEY, CA] announced the addition of Sue Bachorski to the role of Chief Operating and Financial Officer. Prior to joining House of Saka, Bachorski spent nearly three decades as a Senior Operations and Finance Executive at Constellation Brands, Inc. Most recently, Sue served as SVP, Operation Services, Global Wine & Spirits. Her prior roles include serving as SVP, CFO Constellation Wines North America and SVP & CFO Pacific Wine Partners.

MedLite ID, Inc. [ST. GEORGE, UT] announced that Steven Savage has joined the company as Chief Operating Officer/Chief Financial Officer. Savage was most recently CEO of Executive Performance group.

Vincent K. Petrella

Lincoln Electric Holdings, Inc. [CLEVELAND] (NASDAQ: LECO) announced that Vincent K. Petrella, Executive Vice President, Chief Financial Officer and Treasurer, will be succeeded by current Executive Vice President, Finance, Gabriel Bruno, effective April 22, 2020. Petrella will continue to serve as Executive Vice President to assist the Executive Team with the transition of the finance and corporate strategy organization until his retirement later this year. Bruno joined Lincoln Electric in 1995 and has held numerous leadership positions in finance, information technology and human resources, including Corporate Controller, Chief Information Officer, Chief Human Resources Officer and most recently, Executive Vice President, Finance. Prior to Lincoln Electric, Bruno worked in the audit practice of PricewaterhouseCoopers.

ADDvantage Technologies Group, Inc. [FARMERS BRANCH, TX] (NASDAQ: AEY) announced that Kevin Brown, Chief Financial Officer, will be leaving the Company effective March 6, 2020. Brown accepted a new opportunity in Houston where he and his family reside. Scott Francis, who serves as the Company’s Chief Accounting Officer and former CFO, will serve as the company’s Principal Financial Officer in the interim.

Tile [SAN MATEO, CA] announced the appointment of Rob O’Hare as its Chief Financial Officer. Prior to Tile, O’Hare served as Chief Financial Officer for Spark Networks SE and held financial leadership roles at Square and Pandora.

Staffing 360 Solutions, Inc. [NEW YORK] (NASDAQ: STAF) announced that it has appointed Mark Gibbens to Executive Vice President, Chief Financial Officer. Gibbens replaces interim CFO Chris Powers. Gibbens’ most recent experience includes being the CFO at Arysta LifeScience. Prior to this, Gibbens was Head of Corporate Development and CFO at Aligned Energy. At Affinion Group Holdings, Gibbens was CFO among other executive positions. At Alcatel-Lucent, Gibbens was Head of Corporate Finance and Global Chief Investment Officer. At Alcatel-Lucent Investment Management Co., he held the position of Chief Investment Officer. At General Motors Corporation, Gibbens was Director, Mergers & Acquisitions and Director, Domestic Finance in addition to various positions.

Adaptimmune Therapeutics plc [PHILADELPHIA AND OXFORDSHIRE, UK] (NASDAQ: ADAP) announced the appointment of Gavin Wood as Chief Financial Officer (CFO), effective April 1, 2020. Most recently, Wood served as the CFO and a director of Abcam plc from September 2016 through February 3, 2020. Before that, Wood held a series of roles at Affymetrix Inc, from 2006 to 2016, including serving as Executive Vice President and Chief Financial Officer from May 2013 through March 2016, until the company was acquired by ThermoFisher Scientific. Michael Garone, who is serving as Interim CFO, will step down on March 31, 2020.

Digital Hands [TAMPA, FL] announced the addition of a new CFO, Wayne Nelson. Before his current role, Nelson lead numerous capital market transactions, including debt offerings, initial public offerings and restructurings with global finance company Cofinity and global technology service provider Syniverse Technologies.

Vendavo [DENVER] announced the addition of Dayton Kellenberger as Chief Financial Officer. Most recently, he served as CFO for Four Winds Interactive.

Engineered Tax Services Inc. (ETS) [WEST PALM BEACH, FL] announced that Michael Preslo joined as the new Chief Financial Officer (CFO). Preslo comes from a large Private Institution where he worked as the controller; his prior work was as an external auditor for a regional firm.

Green Hygienics Holdings Inc. [SAN DIEGO] (OTCQB: GRYN) announced the appointment of Todd Mueller  as Chief Financial Officer. For the past 15 years, Mueller has worked as a fractional CFO for a variety of client companies.

DuPont [WILMINGTON, DE] (NYSE: DD) announced that Lori D. Koch, Vice President of Investor Relations and Corporate Financial Planning and Analysis, is named Chief Financial Officer, replacing Jeanmarie Desmond. Over a 17-year career at DuPont, Koch has held finance leadership roles with increasing responsibility spanning business units, the science and technology organization and corporate functions. She led finance for several multi-billion-dollar business units including Packaging & Industrial Polymers, Performance Polymers and Performance Materials before becoming head of Investor Relations and Corporate Financial Planning and Analysis. Earlier in her career, Koch served in key finance roles at Comcast Business Communications and Lucent Technologies. She currently serves as a Director of Aceto Corporation.

Trilogy Real Estate Group [CHICAGO] announced that Matt Leiter has joined the company as its chief financial officer. Immediately prior to joining Trilogy, Leiter served as executive vice president of equity markets at GK Development Inc.

Mark McClanahan

APITech™ (API Technologies Corp.) [MARLBOROUGH, MA] announced Mark McClanahan as our Chief Financial Officer (CFO). McClanahan held senior finance roles with Dover Corporation, Ingersoll Rand, Honeywell, and most recently with Corning where he was the Finance Leader of the Optical Connectivity Solutions Division.

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