CFO Moves this week include:
|Dollar General Corporation||99 Cents Only Stores LLC||Red Hat, Inc.|
|Aflac Incorporated||Momenta Pharmaceuticals, Inc.||Eleven Biotherapeutics, Inc.|
|Aegerion Pharmaceuticals, Inc.||Pulmatrix, Inc.||OncoSec Medical Inc.|
|Northwest Natural Gas Company||Allied Fiber||Hudson Fiber Network|
|Digital River, Inc.||Nutanix||Global Convergence Inc.|
|Umbra Applied Technologies Group||Apptio||Jonathan Rose Companies, LLC|
|Gentex Corporation||Brookdale Senior Living Inc.||ispDigital|
|AgJunction Inc.||Tapinator, Inc.||Histogenics Corporation|
|IAC/InterActiveCorp||Golden Predator Mining Corp.||MYR Group Inc.|
|Northfield Hospital & Clinics||W. P. Carey Inc.||Genius Brands International, Inc.|
|Twin Disc, Inc.||GA Telesis, LLC||1845 Oil Field Services|
|Vince Holding Corp.||Digital Guardian||Vencore, 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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Dollar General Corporation (NYSE: DG) announced the appointment of John W. Garratt as interim chief financial officer effective July 1, 2015. He follows David Tehle, who had previously announced his retirement in March 2015. Garratt is currently the senior vice president of finance and strategy, will oversee all aspects of the Company’s financial, accounting and information technology operations until a new CFO is in place. Prior to joining Dollar General in 2014, Garratt held various positions of increasing responsibility in the finance organization of Yum! Brands between May 2004 and October 2014, and held leadership positions in corporate strategy and financial planning. Most recently, he was vice president, finance and division controller for KFC. Prior to Yum! Brands, Garratt served as Plant Controller for Alcoa from April 2002 to May 2004. He also spent three years with General Electric in various financial management roles with increasing responsibility. He started his career at Alcoa where he worked for approximately nine years from May 1990 to March 1999.
99 Cents Only Stores LLC announced that Michael Fung has been appointed as Interim Chief Financial Officer and Treasurer. Mr. Fung replaces Bradley Lukow, who has resigned from the company. Mr. Fung has served on the 99 Cents Only Stores Board of Directors since December 2013, and has previously served as Interim Executive Vice President and Chief Administrative Officer of the company from January to September 2013. Mr. Fung brings more than 23 years of experience in value-oriented retail and finance, including having served for more than a decade in senior finance roles at Walmart Stores, including most recently as Senior Vice President and Chief Financial Officer of Walmart Stores’ U.S. operations from 2006 until 2012. Prior to Walmart, Mr. Fung served in the top finance positions at several large corporations, including as Vice President and Chief Financial Officer for Sensient Technologies Corporation, Senior Vice President and Chief Financial Officer for Vanstar Corporation, and Vice President and Chief Financial Officer for Bass Pro Shops, Inc.
Red Hat, Inc. (NYSE: RHT) announced that Frank Calderoni will join the company as executive vice president, operations and chief financial officer. Calderoni served as executive vice president and CFO at Cisco Systems for seven years and most recently served as an executive advisor. With more than 30 years of experience, he has led high-performing finance organizations at global software and technology companies including Cisco, QLogic Corp., SanDisk Corp., and IBM. Calderoni succeeds Red Hat executive vice president and CFO Charlie Peters, whose planned retirement was announced in December 2014, and who will remain with Red Hat until July 31. Calderoni joins Red Hat on June 22, 2015, and will succeed Peters as CFO effective July 13, 2015.
Aflac Incorporated (NYSE: AFL) announced that it has hired Frederick J. Crawford as executive vice president and chief financial officer. Most recently, Crawford served as executive vice president and chief financial officer of CNO Financial Group since 2012. Prior to that, he spent more than a decade at the Lincoln Financial Group serving in roles of progressive responsibility, including as executive vice president and chief financial officer as well as leading Corporate Development and Investments. Before joining Lincoln Financial Group, he also held leadership positions at Bank One Corporation.
Momenta Pharmaceuticals, Inc. (NASDAQ: MNTA) announced that Rick Shea has advised the Company of his intention to step down as Chief Financial Officer (CFO) once a successor is identified and appointed. Mr. Shea will remain with the Company to assist with the CFO succession and serve in a newly created role of Senior Vice President, Corporate Communications and Operations for a transition period prior to his planned retirement in 2016. Mr. Shea joined Momenta in October 2003 as Chief Financial Officer and Senior Vice President.
Eleven Biotherapeutics, Inc. (NASDAQ: EBIO) announced that Gregory D. Perry has resigned as Chief Financial and Business Officer, effective July 3, 2015. John J. McCabe, Eleven’s Vice President of Finance and Business Operations, is promoted to assume the roles of Principal Financial Officer and Principal Accounting Officer. John McCabe has served as Vice President of Finance and Business Operations of Eleven since June 2013 and as Treasurer since September 2012. He served as Senior Director of Finance of Eleven from April 2012 to June 2013, bringing more than 20 years of finance and accounting experience to the company. Prior to joining Eleven, Mr. McCabe was Vice President of Finance at Clinical Data, Inc. Previously, Mr. McCabe served in several financial roles at Interleukin Genetics, Inc.; and SatCon Technology Corporation. Mr. McCabe began his career at PricewaterhouseCoopers LLP.
Aegerion Pharmaceuticals, Inc. (NASDAQ: AEGR) announced the appointment of Gregory D. Perry as chief financial officer, effective July 6, 2015. Mr. Perry replaces David Aubuchon, interim chief financial officer, who will continue in his role as chief accounting officer of Aegerion. Gregory Perry most recently served as chief financial officer of Eleven Biotherapeutics. Prior to joining Eleven Biotherapeutics, Mr. Perry served as the interim chief financial officer of InVivo Therapeutics. Prior to joining InVivo, he served as the executive vice president and chief financial officer of ImmunoGen. Before that, he was the chief financial officer of Elixir Pharmaceuticals. Mr. Perry also previously was senior vice president and chief financial officer of Transkaryotic Therapies. Mr. Perry serves on the board of directors of Ocata Therapeutics.
Pulmatrix, Inc. (NASDAQ: PULM) announced the appointment of William Duke, Jr., as chief financial officer. Mr. Duke previously served as chief financial officer of Valeritas, Inc. Previously, he served as a Senior Director of Finance at Genzyme Corporation and as a Director of Finance/Accounting at Haemonetics Corporation.
OncoSec Medical Inc. (NASDAQ: ONCS) announced the appointment of Richard B. Slansky as the Company’s Chief Financial Officer, effective July 6, 2015. Veronica Vallejo, the current Chief Financial Officer of OncoSec, resigned from her position effective June 24, 2015 to pursue other opportunities. Prior to joining OncoSec, Mr. Slansky held various financial leadership positions, including: Chief Financial Officer at GenMark Diagnostics, Inc.; Chief Financial Officer at Digirad Corporation; and President, Chief Financial Officer and Director at SpaceDev, Inc.
Northwest Natural Gas Company (NYSE: NWN) hired Gregory C. Hazelton to serve as the company’s new Senior Vice President and Chief Financial Officer. He replaces Stephen P. Feltz, who is retiring after 33 years with NW Natural. Hazelton comes to NW Natural from Hawaiian Electric Industries, where he has been the vice president of finance, and treasurer and controller. Prior, he held various positions in investment banking at Merrill Lynch, Lehman Brothers and, most recently, UBS Investment Bank, where he was a managing director in the Global Power and Utilities Group.
Allied Fiber announced it has named Scott L. Drake as Executive Vice President and Chief Financial Officer (CFO). Previously, Drake was a Senior Consultant for Warbird Consulting Partners LLC. Prior to joining Warbird, Drake was Executive Vice President and CFO for Broadvox, Inc. and its acquired subsidiary, Cypress Communications, Inc., for more than seven years. He also was Co-founder, President, and CFO of Circle International Communications, Inc.
Hudson Fiber Network (HFN) announced that it appointed Robert Hagan as the company’s chief financial officer. Hagan previously served as CFO and SVP of finance of KMC Telecom. Prior to joining HFN, he served as CFO of H2M Beverages. Hagan began his career as an audit manager at Ernst & Young.
Digital River, Inc. announced the appointment of Hoke Horne as the company’s chief financial officer. Horne joins Digital River from Groupon, where he served as vice president of global commercial finance and chief financial officer of North America. Prior to Groupon, he served as vice president of software finance and pricing strategy at Juniper Networks, and held leadership and management positions in industry-leading companies, including Microsoft Corp., McKinsey & Company and Andersen Consulting, now Accenture.
Nutanix announced the addition of Steve Gomo to its board of directors. Steve’s experience includes having served as Executive Vice President and Chief Financial Officer at NetApp Inc. from October 2002 until his retirement in December 2011. Steve currently sits on the boards of SanDisk, NetSuite and Enphase Energy. Before NetApp, Steve served as Chief Financial Officer of Gemplus International S.A., Asera, Inc. and Silicon Graphics, Inc.
Global Convergence Inc. announced that it has appointed Christopher Hourigan to Chief Financial Officer. Chris joins GCI from Accurity Business Solutions, his own accounting consulting practice that launched in 2007. In that role he served as Chief Financial Officer, Interim Controller, and Business Consultant for a diverse client base. Prior to Accurity, Chris was the Corporate Controller for Keystone North America, and he spent four years with Ernst & Young.
Umbra Applied Technologies Group (OTC: UATG) announced the appointment of Thomas L. Crom as Chief Financial Officer. Mr. Crom has served senior executive positions with North and South American natural resource, finance & investment companies, and new-technology companies. During this time he has held positions of Chairman, President and CFO within a number of private and public companies and has over 25 years of international experience.
Gentex Corporation (NASDAQ: GNTX) announced that the Company’s Vice President of Finance and Chief Financial Officer, Steve Downing has been promoted to Senior Vice President and will retain the role of Chief Financial Officer.
Brookdale Senior Living Inc. (NYSE: BKD) announced that Mark Ohlendorf, the Company’s President and Chief Financial Officer, will transition from his current dual roles to focus on an enhanced role as President. Mr. Ohlendorf will continue to serve as the Company’s Chief Financial Officer until a successor is appointed. Mark Ohlendorf has served as the Company’s President since June 2013 and Chief Financial Officer since March 2007. He previously served as the Company’s Co-President from August 2005 until June 2013. Mr. Ohlendorf joined the Company through its merger with Alterra Healthcare Corporation in August 2005, where he was CEO and President since December 2003. Prior to that, Mr. Ohlendorf served as President and Chief Financial Officer of Alterra in 2003 and as Senior Vice President and Chief Financial Officer from 1999 through 2002. Mr. Ohlendorf has held leadership positions with such companies as Sterling House Corporation, Vitas Healthcare Corporation and Horizon/CMS Healthcare Corporation. Mr. Ohlendorf currently serves on the Board of Directors of the Assisted Living Federation of America (ALFA) and previously served as Chairman of ALFA’s Board of Directors from 2011 to 2013.
ispDigital announced that Miguel Prieto has joined the company as global Chief Financial Officer. Mr. Prieto began his career in media in 1998 as Global CFO for Media Contacts at Havas. In 2004 he was named Global CFO as part of the founding team responsible for establishing Havas Digital Worldwide’s global presence. In 2009, he was promoted to COO Regional Manager for Havas Media Spain and Portugal, one of the group’s largest markets. In 2012 he took on the additional responsibility of General Manager for Havas Digital Iberia (Spain and Portugal). Prior to joining Havas in 1998, Mr. Prieto was a senior business consultant at Arthur Andersen in Spain.
AgJunction Inc. (TSX: AJX) announced the appointment of Michael Manning as interim Senior Vice President and Chief Financial Officer of the Company effective July 7, 2015. Mr. Manning joins AgJunction from Unitech Holdings where he served as Chief Financial Officer. Previously, Mr. Manning was employed at ASSA ABLOY’s Global Technologies Division where he served as Global Chief Financial Officer of the division’s Hospitality business unit. In addition, Mr. Manning served first as Chief Financial Officer and then as President of the US Legal Entities of Cargotec Holding, Inc. Prior to Cargotec, Mr. Manning served as Chief Financial Officer of Williams Group PLC’s W. Kidde Portables Safety Division and as Chief Financial Officer and Corporate Treasurer of Multivac, Inc.
Tapinator, Inc. (OTC: TAPM) announced that Andrew Merkatz has joined the Company as President & CFO. Mr. Merkatz spent the past seven years focused on technology investments as a Managing Director at Vision Capital. In 2007, Mr. Merkatz co-founded Familybuilder, along with Tapinator’s CEO Ilya Nikolayev. In 2013, Mr. Merkatz and Mr. Nikolayev co-founded InAppFuel, a developer of a patent-pending casino minigame software for mobile game developers that was acquired by Tapinator in September 2014.
Histogenics Corporation (NASDAQ: HSGX) announced the appointment of Jonathan Lieber as its Chief Financial Officer, effective July 2, 2015. Prior to Histogenics, Mr. Lieber most recently served as the CFO of Metamark Genetics, Inc., as the CFO and Treasurer of Repligen Corporation, and the CFO of Xcellerex Inc. (acquired by GE Healthcare). Previously, Mr. Lieber served as the CFO of Altus Pharmaceuticals. Prior to joining Altus, Mr. Lieber was an investment banker for 10 years at SG Cowen and Salomon Brothers Inc.
IAC/InterActiveCorp (NASDAQ: IACI) announced that Chief Financial Officer Jeff Kip is resigning from the company to spend more time with his family in Boston, and to pursue other interests. Mr. Kip will remain with IAC for an interim period and will help with transition to a new CFO.
Golden Predator Mining Corp. (TSX-V: GPY) announced the appointment of Greg Hayes as Interim Chief Financial Officer. Mr. Hayes presently serves as a Director of Golden Predator and previously served as the Chief Executive Officer for Golden Predator and Northern Tiger Resources Inc. Timothy Leybold has resigned his position of Chief Financial Officer due to his expanded responsibilities with Till Capital.
MYR Group Inc. (NASDAQ: MYRG) announced the appointment of Kenneth M. Hartwick to the Company’s Board of Directors, effective July 29, 2015. Mr. Hartwick will serve on the Board’s Audit and Nominating and Corporate Governance Committees. In February 2015, Mr. Hartwick was named chief financial officer of Wellspring Financial Corporation. Prior to that, Mr. Hartwick held a variety of senior executive roles, gaining an extensive financial background in the energy, consumer products and capital markets areas, including the positions of CEO and CFO at Just Energy Group, Inc. (TSX/NYSE), CFO at Hydro One, Inc. and a partner at Ernst & Young, LLP. Mr. Hartwick also serves on the Board of Directors of Atlantic Power Corporation (TSX/NYSE) and Spark Energy, Inc. (NASDAQ), as well as the Board of Governors for Trent University.
Northfield Hospital & Clinics announced that Scott Edin has been named Vice President of Finance and Chief Financial Officer (CFO). Edin comes to Northfield Hospital & Clinics from Amery Regional Medical Center where he has served as Vice President of Finance and General Services since 1985. Edin follows Tim Gronseth who resigned from the position earlier this year.
W. P. Carey Inc. (NYSE: WPC) announced that Hisham Kader has been appointed Chief Financial Officer and Managing Director of W. P. Carey Inc. having served as its Chief Accounting Officer since 2012, in addition to serving as Chief Financial Officer and/or Chief Accounting Officer for certain of its non-traded REITs over that time. He joined W. P. Carey in 2011 as Global Corporate Controller. Katy Rice, who served as Chief Financial Officer of W. P. Carey Inc. since 2013, has been promoted to Senior Managing Director.
Genius Brands International, Inc. (OTC: GNUS) named Michael Handelman as its Chief Financial Officer. Handelman replaces Rebecca Hershinger. Handelman is a respected financial executive who served as Vice President and CFO for The Los Angeles Kings NHL hockey team franchise (from 1993 to 1996); served as VP and CFO for the publicly traded children’s toy company Janex International, Inc. (from 1996 to 1999); and served as the CFO of Global Business Services from 1993 to 1994. Most recently, from 2011 to 2015, Handelman served as the CFO of Lion Biotechnologies.
Twin Disc, Inc. (NASDAQ: TWIN) announced the appointment of Jeffrey S. Knutson to the position of Chief Financial Officer and Treasurer in addition to his current roles as Vice President of Finance, Corporate Controller and Secretary. Mr. Knutson joined Twin Disc in February 2005 as the Controller of Twin Disc’s North American manufacturing operation and became Corporate Controller in October of that year. He became Secretary of the Company in 2013 and Vice President of Finance and Interim Chief Financial Officer and Treasurer in February 2015. Prior to his employment at Twin Disc, Mr. Knutson was employed by Tower Automotive – Milwaukee Division as Controller and also held various financial positions at several divisions of Invensys, Bucyrus International and PricewaterhouseCoopers.
1845 Oil Field Services announced the appointment of David Klvac as Chief Financial Officer. Klvac has held a variety of financial leadership positions as Chief Financial Officer, Chief Accounting Officer and Treasurer for PostRock Energy Corporation and its predecessor companies Quest Resource Corporation, Quest Energy Partners and Quest Midstream Partners. He also served as Vice President and Corporate Controller of Tronox Incorporated, and as Assistant Corporate Controller of Smithfield Foods, Inc. Klvac will replace James Kennedy, who has served as Chief Financial Officer of 1845 Oil Field Services since March 2014. Kennedy will continue as a member of AVC Partners with primary focus on 1845, identifying and structuring M&A opportunities for strength, growth and diversification of its core business; leading financing activities; general investment oversight; and related projects.
Vince Holding Corp. (NYSE: VNCE) announced that Mark Brody has been appointed interim Chief Financial Officer. Mr. Brody was most recently Managing Director and Group CFO at Sun Capital Partners, Inc. He replaces Lisa Klinger who resigned from the Company. Mark has been a director on our Board since 2008. Prior to joining Sun Capital Partners, Mr. Brody served from 2001 to 2006 as CFO for Flight Options. Prior to Flight Options, he held other senior finance roles for manufacturing-related public companies. He started his career as an auditor with Ernst & Young. Mr. Brody currently serves on the Board of Vince Holding Corp. and Gordmans Stores, Inc.
Digital Guardian announced the appointment of Ed Durkin as its new chief financial officer. Before joining Digital Guardian, Durkin was the CFO at Interactions Corporation. Prior to that, Durkin was CEO and President of Tactical Communications Group, LLC. He also served as CFO at a number of companies including Incipient, Sockeye Networks, Open Market, Radview Software, and Starburst Communications.
Vencore, Inc. announced that Jennifer Felix has accepted the position as the company’s senior vice president and chief financial officer (CFO), starting on July 20, 2015. Felix comes to Vencore from Sotera Defense Solutions, Inc. where she has served as the CFO for almost three years. Before Sotera, she worked in financial leadership positions for various government contracting and technology companies, including General Dynamics, Vangent, Inc., Deltek, and American Management Systems. She spent the first eight years of her career as an auditor with Deloitte.