CFO Moves this week include:
|Lexmark International, Inc.||Electronics For Imaging, Inc.||Natural Resource Partners L.P.|
|Knowles Corporation||Appliance Recycling Centers of America, Inc.||C.R. England|
|NexBank Capital, Inc.||Aviat Networks, Inc.||6D Global Technologies, Inc.|
|Crimson Wine Group, Ltd.||Vermont Information Technology Leaders||LSB Industries, 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 email@example.com or by phone at +1 (415) 738-2070.
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Lexmark International, Inc. (NYSE: LXK) announced the appointment of David Reeder as vice president and chief financial officer (CFO), effective Jan. 9, 2015. Reeder has been CFO for Electronics for Imaging (NASDAQ: EFII) since January 2014. From 2012 until 2014, he was vice president and CFO for Cisco’s Enterprise Networking Division, a multi-billion dollar revenue organization. Reeder also served in manufacturing and operations management for Broadcom Corporation from 2007 until 2012. Prior to this role, he served in finance and operations roles for both Texas Instruments and the Millipore Corporation, which is now EMD Millipore. Lexmark’s interim CFO, Gary Stromquist, will remain with the company and resume his duties as vice president of finance for Lexmark’s Imaging Solutions and Services division and the Corporate Finance group.
Electronics For Imaging, Inc. (NASDAQ: EFII) announced that David Reeder, in order to relocate closer to his family, has submitted his resignation as Chief Financial Officer and has accepted the position of Chief Financial Officer of Lexmark International, Inc. The Company intends to appoint Marc Olin, currently Chief Operating Officer, as interim Chief Financial Officer in addition to his current responsibilities. Marc previously served as interim Chief Financial Officer of EFI from September, 2013 through January, 2014. Prior to joining EFI, Marc was Chief Executive Officer and co-founder of Printcafe Software, a public company EFI acquired in 2003 as part of its growth strategy.
Natural Resource Partners L.P. (NYSE: NRP) announced that Dwight Dunlap, NRP’s Chief Financial Officer and Treasurer, will retire from NRP on December 31, 2014. Following his retirement from NRP, Mr. Dunlap will remain with Quintana Minerals Corporation and other Robertson family businesses and will continue to provide services to NRP to ensure a seamless transition. Craig W. Nunez will succeed Mr. Dunlap as Chief Financial Officer and Treasurer of NRP. Most notable of Mr. Nunez’s previous roles were senior vice president and treasurer of Halliburton; treasurer of Colonial Pipeline; and director of International New Ventures at Phillips Petroleum. Most recently, he served as chief executive officer of Bocage Group.
Knowles Corporation (NYSE: KN) appointed Didier Hirsch to the Board of Directors. Mr. Hirsch will stand for election at the Company’s Annual Meeting of Shareholders scheduled to take place on May 5, 2015. He will also serve on the Audit Committee and the Governance and Nominating Committee. Since 2010, Mr. Hirsch has been the Senior Vice President and Chief Financial Officer of Agilent Technologies, Inc. He has been with Agilent since its inception in 1999, serving in a variety of financial roles including Chief Accounting Officer from November 2007 to July 2010 and interim Chief Financial Officer from April 2010 until being promoted to his current position. Mr. Hirsch is also a director of Logitech International S.A. and International Rectifier Corporation.
Appliance Recycling Centers of America, Inc. (NASDAQ: ARCI) announced that Jeffery Ostapeic has been appointed the company’s Chief Financial Officer. Mr. Ostapeic served most recently as an audit partner with Grant Thornton LLP firm. He previously served with the Ernst & Young LLP and McGladrey & Pullen LLP public accounting firms.
C.R. England announced the appointment of TJ McGeean as Chief Financial Officer. Josh England has served in the dual roles of President and Chief Financial Officer for the company since 2013. McGeean joined C.R. England in December 2008 as a controller in the company’s Dedicated Division. In March 2010, he was named Director, Operations Finance and in February 2013 he was promoted to Vice President, Finance. Prior to joining England, Mr. McGeean worked in various finance positions for DHL Express USA, and Menlo Worldwide Forwarding.
NexBank Capital, Inc. announced that Kenneth Hanks has been elected to its Board of Directors. Most recently, Mr. Hanks served as the Chief Financial Officer of NexBank Capital, Inc., and NexBank SSB. Prior to this, he served as the Chief Financial Officer of SWS Group, Inc. He currently serves as a Board Member and Audit Committee Chair to Peerless Manufacturing Company.
Aviat Networks, Inc. (NASDAQ: AVNW) announced that Edward J. (Ned) Hayes, senior vice president and CFO, is retiring from his role at Aviat Networks effective January 2, 2015. Aviat Networks has appointed Michael Shahbazian as interim CFO. Mr. Shahbazian recently served as the interim CFO of PDF Solutions, Inc. and Saba Software, Inc. Prior to that, Mr. Shahbazian served as CFO at various companies, including Guidewire Software, Inc. from November 2007 to July 2009, Embarcadero Technologies from October 2005 through July 2007, and Niku Corporation (acquired by Computer Associates) from January 2003 to August 2005.
6D Global Technologies, Inc. (NASDAQ: SIXD) announced that Mark Szynkowski has been appointed Chief Financial Officer. Most recently, Mr. Szynkowski was Vice President of Finance for Epiq Systems, Inc. Prior to Epiq Systems, Mr. Szynkowski served as CFO and Controller for multiple high-growth organizations and began his career with Ernst & Young.
Crimson Wine Group, Ltd. (OTC: CWGL) announced the promotion of Patrick DeLong as President and Chief Executive Officer. DeLong, who has been at Crimson for the past seven and a half years, previously was Chief Operating Officer and Chief Financial Officer.
Vermont Information Technology Leaders (VITL) has named Nancy Rowden Brock as chief financial officer (CFO). Brock joins VITL from World Learning. She also served as chief financial officer at St. Michael’s College. Ms. Brock has also worked in the banking sector, as chief financial officer for Green Mountain Power Corporation, and CFO of Rock of Ages Corporation.
LSB Industries, Inc. (NYSE: LXU) announced that Mark T. Behrman, Senior Vice President of Corporate Development, has been appointed Executive Vice President and Chief Financial Officer. Mr. Behrman will succeed Tony M. Shelby, LSB’s Executive Vice President and Chief Financial Officer, who plans to retire in twelve months. Mark Behrman joined LSB as Senior Vice President, Corporate Development in March 2014. Mr. Behrman previously served as a Managing Director at Sterne Agee & Leach, Inc. Mr. Behrman was previously a Founder and Senior Managing Director of BlueStone Capital Partners, LP, and Founder and Director of the BlueStone/AFA Private Equity Fund. He began his investment banking career at PaineWebber, Incorporated and at Drexel Burnham Lambert, Inc. Additionally, he has been a director of three public companies including Noble International, Ltd. where he served as a Director for over 8 years and as Chairman of its Audit Committee for three years.