CFO Moves this week include:
|Coach, Inc.||Baker Hughes Incorporated||Avon Products, Inc.|
|hhgregg Inc.||The Dow Chemical Company||Hanger, Inc.|
|Summit Hotel Properties||Recommind||Cardinal Health|
|Saia Inc.||First Advantage||International Paper Company|
|diaDexus, Inc.||Bankwell Financial Group||XZERES Corp.|
|VigiLanz||MemberSuite, Inc.||QNB Bank|
|HMS Holdings Corp.||U.S. Auto Parts Network, Inc.||Wunderman New York|
|SCAN Health Plan||Creative Associates International||Itron, Inc.|
|NTN Buzztime, Inc.||NBTY, Inc.||MOCON, Inc.|
|Acucela Inc.||Glovista Investments LLC||Cyprium Partners|
|Riverbed Technology||PRGX Global, Inc.||KCG Holdings, Inc.|
|Rocket Fuel Inc.|
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CFO Moves is published by Samuel Dergel (Executive Search Consultant and CFO & Financial Executive Search Specialist with Stanton Chase International). Samuel can be reached by email at firstname.lastname@example.org or by phone at +1 (415) 738-2070.
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Coach, Inc. (NYSE:COH) announced the appointment of Gebhard Rainer, as President and Chief Operating Officer, effective September 29, 2014. Mr. Rainer joins Coach from Hyatt Hotels Corporation, where he most recently held the position of Executive Vice President and Chief Financial Officer. Previously, Mr. Rainer served as Managing Director for Hyatt International Europe, Africa and Middle East (EAME) LLC from January 2007 to August 2012. Mr. Rainer is filling a position that has been vacant since September 2013.
Baker Hughes Incorporated (NYSE: BHI) announced that Kimberly A. Ross, has been appointed Senior Vice President and Chief Financial Officer (CFO) effective October 22, 2014. Ross currently serves as Executive Vice President and CFO of Avon Products, Inc. She served as Executive Vice President and CFO of Royal Ahold N.V. from 2007 to 2011 and held various other finance positions at Royal Ahold from 2001 to 2007. Peter Ragauss will continue with the Company serving as Senior Vice President and CFO until Kimberly assumes those responsibilities on October 22, 2014.
Avon Products, Inc. (NYSE: AVP) announced that Kimberly Ross, Executive Vice President and Chief Financial Officer, has resigned effective October 2, 2014. Ms. Ross joined Avon in 2011. Robert Loughran, Vice President and Corporate Controller, will be appointed Avon’s acting Chief Financial Officer. Mr. Loughran has been with Avon for 10 years, serving as Vice President and Controller since 2012. He joined the company as Assistant Controller in 2004. Prior to Avon, Mr. Loughran spent 15 years in various financial reporting and accounting positions at public companies, and in public accounting roles at PricewaterhouseCoopers LLP and Deloitte & Touche LLP.
hhgregg Inc. (NYSE: HGG) announced the hiring of Robert J. Riesbeck as Chief Financial Officer. Most recently, Mr. Riesbeck served as Operations Executive/Group CFO at Sun Capital Partners. Before joining Sun Capital, Mr. Riesbeck was CFO of Marsh Supermarkets, a Sun Capital portfolio company. Prior to this, Mr. Riesbeck was CFO of American Golf Corporation and also previously held business-unit CFO roles at Nike, Inc. Mr. Riesbeck began his career with Grant Thornton LLP.
The Dow Chemical Company (NYSE: DOW) announced that Chief Financial Officer William H. (Bill) Weideman has elected to retire from the Company, following 38 years of service with Dow. The Board of Directors has elected Howard I. Ungerleider to succeed him as chief financial officer, and his appointment will become effective October 1, 2014. Ungerleider joined Dow in 1990. In 2006, he was appointed North American commercial vice president for Dow’s Basic Plastics business portfolio. From 2008 to 2011, Ungerleider served as vice president of Investor Relations. He was named president for Dow’s Performance Plastics Division in 2011, and in 2012 was named executive vice president of Dow’s Advanced Materials Division, and joined Dow’s senior-most executive team.
Hanger, Inc. (NYSE: HGR) announced that Thomas Kiraly, former Executive Vice President, Chief Financial Officer, and Treasurer of Sheridan Healthcare, will join Hanger as Executive Vice President on Oct. 1 and will become Chief Financial Officer during the fourth quarter 2014. Mr. Kiraly will work closely with incumbent CFO George McHenry until Mr. Kiraly assumes the role of CFO later this year. As previously announced, Mr. McHenry will retire on Dec. 31, 2014. Prior to Hanger, Mr. Kiraly served as the EVP, CFO, and Treasurer of Sheridan Healthcare, Inc. From 1999 to 2011, as EVP, CFO, and Treasurer of Concentra, Inc. From 1988 to 1999, he was EVP and CFO of BRC Holdings, Inc.
Summit Hotel Properties (NYSE: INN) announced that Greg A. Dowell has been appointed Executive Vice President, Chief Financial Officer and Treasurer effective October 1, 2014. Mr. Dowell will succeed Paul Ruiz, who has served as interim Chief Financial Officer since May of 2014. Mr. Ruiz will continue to serve in his present position as Vice President and Chief Accounting Officer. Most recently, Dowell held the position of Senior Executive Vice President and Chief Operating Officer at American Campus Communities (NYSE: ACC). Prior to joining ACC in 2001, Dowell spent ten years in progressive capacities with Century Development where he began as an accountant and ultimately served as Senior Vice President of Management Services over the student housing portfolio.
Recommind announced that it has appointed Bernard Huger to the position of Chief Financial Officer. Huger was previously Chief Financial Officer of MuleSoft. He previously served as Vice President of Investment Banking at J.P. Morgan. Prior to his tenure at J.P. Morgan, he served as a Vice President at Stifel Nicolaus.
Cardinal Health announced that Michael C. Kaufmann has been named chief financial officer of the company effective Nov. 11, 2014. This follows the previously announced planned retirement of current Chief Financial Officer Jeffrey W. Henderson. Kaufmann has served in the role of chief executive officer of Cardinal Health’s Pharmaceutical segment since 2009. He joined Cardinal Health in 1990 and held a number of senior operational, sales and finance positions. Kaufmann is a member of the executive committee of the boards of the Healthcare Distribution Management Association and the National Association of Chain Drug Stores, and a trustee at Ohio Northern University.
Saia Inc. (NASDAQ: SAIA) announced that Fritz Holzgrefe has been named the company’s new chief financial officer (CFO). Holzgrefe most recently served as the vice president of business development for a Georgia subsidiary of one of the world’s leading agricultural processors. Prior to that, he served as the same company’s vice president and CFO. Jim Darby, Saia’s CFO of 14 years, will remain with the company through Sept. 30 to facilitate the transition.
First Advantage, a Symphony Technology Group (STG) company, announced that Michael S. Duffey has joined as Chief Financial Officer (CFO). Previously, Duffey spent 10 years as CFO at market information firm Symphony IRI, another STG business. Duffey has also held executive finance positions at a broad range companies, including Covansys Corporation, APW and M.A. Hanna Company.
International Paper Company (NYSE: IP) announced the election of Ray G. Young to its board of directors effective October 1, 2014. Mr. Young has been the senior vice president and chief financial officer of Archer Daniels Midland Company (ADM) since 2010. Prior to joining ADM, Young served as vice president of international operations in China at General Motors Company (GM), as well as executive vice president and chief financial officer of GM.
Bankwell Financial Group, the holding company for Bankwell Bank, announced that Michael Brandt joined the Company’s Board. Mr. Brandt is Senior Vice President and Chief Financial Officer at Prudential Retirement, a division of Prudential Financial. Mr. Brandt was previously Senior Managing Director and Chief Financial Officer at GE Capital Commercial Finance and Region Head and Chief Operating Officer, Americas at Babcock & Brown.
XZERES Corp. (OTC: XPWR) has appointed R. Michael Williams as chief financial officer, succeeding Steven Shum who has been appointed chief operating officer and who will remain a company director. Williams previously served as CFO of Dr. Bott. Prior to Dr. Bott, he was vice president of finance at Sonetics Corporation. He has also served as CFO of Silver Eagle Manufacturing Co. Before Silver Eagle, Williams was vice president of finance at HemCon Medical Technologies. Earlier in his career, he held controller positions at FEI Company, TRM Corporation, Williams Controls Industries, Gerber Legendary Blades Division of Fiskars, and Del Monte Foods.
VigiLanz announced the appointment of Patrick Spangler as Chief Financial Officer. Before joining VigiLanz, he served as Chief Financial Officer of Healthland, Inc. Prior to his tenure at Healthland, he served as SVP and CFO for Epocrates, a public company purchased by athenahealth. He also served as SVP and CFO of ev3, Inc., a public company purchased by Covidien. Prior to ev3 he served in various capacities at Medtronic Inc. Mr. Spangler also serves on the Board of Directors of Urologix Inc. (NASDAQ: ULGX).
HMS Holdings Corp. (NASDAQ: HMSY) announced that Jeffrey S. Sherman will serve as Executive Vice President, Chief Financial Officer and Treasurer. Jeff Sherman joins HMS from AccentCare, where he served as EVP/CFO. Sherman previously was EVP/CFO of publicly traded LifePoint Hospitals Inc. His healthcare experience also includes senior finance positions at Tenet Healthcare Corporation.
U.S. Auto Parts Network, Inc. (NASDAQ: PRTS) announced the resignation of David G. Robson as its Chief Financial Officer. Michael Yoshida, the Company’s current Controller, will assume the responsibilities as Principal Accounting Officer and Interim Chief Financial Officer. Mr. Yoshida has served as the Controller of the Company since 2009. From August 2005 until August 2009, Mr. Yoshida served as the Vice President Finance and Controller for Hot Topic, Inc. and as the Senior Director of Finance and Controller for Bristol Farms from December 1998 until August 2005. Mr. Yoshida served as Chief Financial Officer, Vice President Finance at Farmers Market from May 1995 to December 1998. From 1984 to 1995, Mr. Yoshida held various accounting and finance positions with Ralphs Grocery Company and Irvine Ranch Farmers Market.
Wunderman New York named Dan Wadleigh aboard as chief financial officer. Dan Wadleigh brings over 15 years of sound financial and operational strategies within the marketing services industry to Wunderman. Wadleigh joins Wunderman from Landor where he served as chief financial officer.
SCAN Health Plan announced the appointment of Vinod Mohan as the company’s new chief financial officer. Most recently Mohan served as regional chief financial officer/Medicare and Medicare Advantage plans for UnitedHealth Group Inc./United Healthcare. Immediately prior, Mohan served as chief financial officer for Sutter Health Plus and before that chief financial officer/vice president, consumer business for WellPoint.
Creative Associates International announced that Oswaldo Holguin will join as Chief Financial Officer. Holguin served as Deputy Chief Financial Officer at Management Systems International and was Finance and Administration Director at Chemonics International, where he also held other key financial posts.
Itron, Inc. (NASDAQ: ITRI) announced that W. Mark Schmitz has been appointed executive vice president (EVP) and chief financial officer (CFO). Schmitz most recently served as the CFO of Alghanim Industries. He previously served as CFO at several other global corporations, including The Goodyear Tire and Rubber Co., Tyco International Limited’s Worldwide Fire and Security Segment and Plug Power Inc. In addition, he held a number of financial leadership roles at General Motors over 25 years. Schmitz succeeds Steven Helmbrechtas Itron’s CFO. Helmbrecht will remain with Itron through December 31, 2014 to facilitate a smooth transition.
NTN Buzztime, Inc. (NYSE: NTN) announced that Kendra Berger has resigned as the Company’s Chief Financial Officer, and will continue to provide transition and support services through December 31, 2014. Sandra Gurrola, the Company’s current Controller, will be promoted to Vice President of Finance and serve as the principal accounting officer for financial reporting purposes. Ms. Gurrola joined the Company in November of 2009 as the Director of Accounting and has continued to escalate in her role and responsibilities since that time.
NBTY, Inc., and its parent company, Alphabet Holding Company, Inc., announced the appointment of Dipak Golechha as their Chief Financial Officer. Mr. Golechha comes to NBTY and Alphabet Holding from Chobani, where he served as Chief Financial Officer. Previously, Mr. Golechha spent nearly two decades at Procter & Gamble, where he was Chief Financial Officer of Global Feminine Health & Hygiene and Chief Financial Officer of Global Snacks.
MOCON, Inc. (NASDAQ: MOCO) announced that Darrell Lee will retire as vice president, treasurer and CFO at the beginning of October 2014, after nearly ten years with the company. Elissa Lindsoe, former CFO of Galil Medical Ltd., has been appointed vice president, treasurer and CFO effective October 6, 2014. Prior to her tenure at Galil, she served as CFO for two publicly traded companies: Urologix, Inc. and Indentix Incorporated.
Acucela Inc. announced that its Chief Financial Officer (CFO), David Lowrance, will be leaving the Company for family reasons. Brian O’Callaghan, who currently sits on Acucela’s Board of Directors, and has been appointed to become the company’s new President and Chief Operating Officer (COO), will also assume the role of Interim CFO. Brian O’Callaghan has served on the Company’s Board of Directors since September 2013. He was most recently Chairman and CEO of Sonrgy Inc. Previous to Sonrgy, Mr. O’Callaghan served as President and Chief Executive Officer of Sangart Inc. and as a member of Sangart’s Board of Directors. Mr. O’Callaghan has also held the position of Chief Commercial Officer at NPS Pharmaceuticals, Inc., and as General Manager of two global divisions of Covance Inc.,
Glovista Investments LLC announced the appointments of Christy Espinal as the firm’s Chief Financial Officer. Prior to joining Glovista, Christy was the Controller and FINOP for MYD Market Inc. Prior to that, Christy was Assistant Controller for Proxima Alfa Investments (USA) LLC. Prior to Proxima, Christy was Senior Internal Auditor for Sony Corporation of America and previously part of the Assurance and Advisory practice of Deloitte & Touche LLP.
Cyprium Partners announced the hiring of Ted Laufik as its new Chief Financial Officer and Chief Compliance Officer. Mr. Laufik will replace Dennis Wagner, who plans to retire on October 31st. Ted is a senior finance professional with more than 25 years of finance, strategy, investor relations and compliance experience, including with one of the country’s leading private equity and venture capital firms.
Riverbed Technology (NASDAQ: RVBD) announced the appointment of Steffan Tomlinson to its board of directors. Mr. Tomlinson currently serves as Chief Financial Officer of Palo Alto Networks. Mr. Tomlinson has held the chief financial officer position at a number of technology companies, including Aruba Networks from 2005 to 2011.
PRGX Global, Inc. (NASDAQ: PRGX) announced that Robert B. Lee, the Company’s Chief Financial Officer, Controller and Treasurer, will retire from the Company on December 31, 2014. In connection with Mr. Lee’s pending retirement, Peter Limeri has been named Senior Vice President – Finance, effective September 11, 2014. The Board of Directors of the Company intends to appoint Mr. Limeri as the Company’s Chief Financial Officer later this year. Peter Limeri has over 25 years of financial experience, including his previous service with PRGX as Chief Financial Officer from February 2006 until May 2009. Mr. Limeri’s previous experience also includes serving as President and Chief Executive Officer of LCG, LLC, and service as President and Chief Financial Officer of Physiotherapy Associates.
KCG Holdings, Inc. (NYSE: KCG) announced the departure of Steve Bisgay, Chief Financial Officer. Sean Galvin, Chief Accounting Officer, will serve as KCG’s Interim CFO. Mr. Galvin led the accounting team at Knight Capital before taking the lead accounting role at KCG.
Rocket Fuel Inc. (NASDAQ: FUEL) announced that J. Peter Bardwick, Chief Financial Officer, has given notice of his intention to resign as CFO to pursue other opportunities closer to his home and family. Mr. Bardwick will continue to serve as CFO until the end of the Company’s third fiscal quarter of 2014 and will continue with Rocket Fuel in a consulting capacity thereafter. Beginning on October 1, 2014, Ms. Bela Pandya, the Company’s Vice President of Finance, will serve as interim CFO.