CFO Moves this week include:
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 email@example.com or by phone at +1 (415) 738-2070.
+ + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + +
Computer Services, Inc. (CSI) [PADUCAH, KY] (OTCQX: CSVI) announced that Brian K. Brown has been appointed the Company’s Chief Financial Officer. Brown previously served as interim CFO. Brown joined CSI in 2012 and was previously Senior Vice President of Finance and most recently interim Chief Financial Officer. Prior to joining CSI, Mr. Brown served as Vice President, Finance & Accounting Manager for FCB Services, Inc., a subsidiary of Farmers Capital Bank Corp. He previously served as an internal auditor for Farmers Capital Bank and a Financial Institutions Examiner for the Kentucky Department of Financial Institutions.
Horizon Global Corporation [TROY, MI] (NYSE: HZN) announced that it appointed Richard J. Jok as interim Chief Financial Officer. Jok replaces outgoing Chief Financial Officer Jamie G. Pierson, who stepped down from the role. Jok has served as the Company’s Vice President, Financial Planning and Analysis, since August 2019. Prior to joining the Company, Jok served as the Chief Financial Officer of OE Automotive Group, LLC, a wholly owned subsidiary of Crowne Group, LLC, from March 2016 to February 2018. In February 2018, Crowne Group spun off OE Automotive Group, LLC to form Vari-Form Group, LLC. Jok served as Chief Financial Officer of Vari-Form from February 2018 to May 2018. Previously, Jok was employed by Nexteer Automotive Corporation in positions of increasing responsibility from January 2003 to January 2015, ultimately serving as its Chief Financial Officer, Saginaw Division, from March 2011 to January 2015.
Community Health Systems, Inc. [FRANKLIN, TN] (NYSE: CYH) announced that Thomas J. Aaron, Executive Vice President and Chief Financial Officer, will retire from his executive management position on December 31, 2019. Aaron joined Community Health Systems in November 2016 as Senior Vice President of Finance and has served as the Company’s Chief Financial Officer since May 2017. Kevin Hammons, who currently serves as Senior Vice President, Assistant Chief Financial Officer and Treasurer, will be appointed Executive Vice President and Chief Financial Officer immediately following Aaron’s retirement, effective January 1, 2020. Hammons joined Community Health Systems in 1997 and has held numerous financial leadership roles during his more than 20-year tenure. Hammons was appointed Assistant Chief Financial Officer in 2017 and has served as the Company’s Treasurer since 2018. He has also previously served as the Company’s Chief Accounting Officer. Prior to joining Community Health Systems, Hammons served for ten years in various positions in the Assurance and Advisory Services practice at Ernst & Young.
Hudson Pacific Properties, Inc. [LOS ANGELES] (NYSE: HPP) announced the promotion of Mark Lammas, who most recently served as Chief Financial Officer and Chief Operating Officer, and Harout Diramerian is being promoted from Chief Accounting Officer to Chief Financial Officer. Lammas has held a variety of leadership positions at Hudson Pacific since its initial public offering in 2010, including Chief Financial Officer and Chief Operating Officer. He also consulted for the company’s predecessor, Hudson Capital, LLC. Prior to that, Lammas was a senior finance executive for Maguire Properties, Inc. and an attorney for Cox, Castle & Nicholson LLP. Diramerian has been with Hudson Pacific since 2010, most recently serving as Chief Accounting Officer. Prior to joining Hudson Pacific, Diramerian was a vice president of finance and analysis at Thomas Properties Group and worked in the real estate practice groups at Nanas, Stern, Biers, Neinstein and Co. LLP, Arthur Andersen LLP and KPMG LLP.
Nordson Corporation [WESTLAKE, OH] (NASDAQ: NDSN) announced that Gregory A. Thaxton, Executive Vice President and Chief Financial Officer, plans to retire in 2020 after thirty successful years with the company, with the last 12 years as CFO.
Nautilus, Inc. [VANCOUVER, WA] (NYSE: NLS) announced that Aina Konold has been appointed Chief Financial Officer. Previously, Konold held several executive level finance positions during her 20-year career with Gap, Inc. including senior leadership roles across financial planning and analysis, real estate strategy, and investor relations. Most recently, she was the founding CFO for Gap Inc. in China.
Fortive Corporation NewCo [EVERETT, WA] (NYSE: FTV) announced the appointment David H. Naemura as Chief Financial Officer of NewCo, a global industrial company that Fortive previously announced it will form as part of its planned separation into two independent, publicly traded companies. Naemura will assume their respective roles with NewCo in the first quarter of 2020. Fortive continues to expect to complete the separation in the second half of 2020. Naemura joins NewCo from Gates Industrial Corporation, where he has served as CFO for five years. Prior to his time at Gates, Naemura held numerous financial leadership positions at Danaher Corporation, including VP of Finance and Group CFO overseeing many of the businesses within the NewCo portfolio.
Schlumberger Limited [HOUSTON] (NYSE: SLB) announced that Simon Ayat, Executive Vice President and Chief Financial Officer, will step down from this position effective January 22, 2020. Ayat, who joined the Company in 1982, will remain with Schlumberger as Senior Strategic Advisor to the Company’s Chief Executive Officer for a period of two years. Ayat will be replaced by Stephane Biguet as the Company’s Executive Vice President and Chief Financial Officer. In a 24-year career with Schlumberger, Biguet has held senior positions in finance and operations at the field and headquarters levels. Prior to his current assignment he held the position of Vice President, Finance of Schlumberger Limited.
Standard Solar, Inc. [ROCKVILLE, MD] announced the promotion of Dan Dobbs to chief financial officer. Dobbs moves into the CFO role from Executive Vice President, Structured Finance. He joined the organization in December 2018, coming to Standard Solar from SunEdison and Solar Grid Storage.
Riverbed [SAN FRANCISCO] announced that Ian Halifax has been appointed Chief Financial Officer (CFO). Halifax most recently served as CFO at ON24, He also held public company CFO roles at: Macrovision (now TiVo); Micromuse (acquired by IBM); Wind River Systems; and at Tintri. Halifax has held private company CFO roles at Host Analytics and Grass Valley. In the early part of his career, he held finance positions at Sun Microsystems and KPMG. Halifax also spent time at IBM following its acquisition of Micromuse, and at Intel following its acquisition of Wind River Systems.
Earnin [PALO ALTO, CA] announced that Sean Delehanty has joined the company as Chief Financial Officer. Delehanty comes to Earnin from Symantec where he was Senior Vice President of Finance. Prior to that, he was a 13-year veteran of Silver Lake.
Annaly Capital Management, Inc. [NEW YORK] (NYSE: NLY) announced that it has appointed Serena Wolfe as Chief Financial Officer. The Company also announced that Glenn Votek, the Company’s Chief Financial Officer and interim Chief Executive Officer and President, has stepped down from his role as Chief Financial Officer. Mr. Votek will continue to serve as interim Chief Executive Officer and President and as a member of the Company’s Board of Directors. Wolfe most recently served as a Partner at Ernst & Young (“EY”) since 2011 and as its Central Region Real Estate Hospitality & Construction (“RHC”) leader from 2017 to November 2019. Wolfe was previously also EY’s Global RHC Assurance Leader.
Evaluate Ltd. [LONDON & BOSTON & TOKYO] announced the appointment of Martyn Hindley as Chief Financial Officer. Hindley succeeds Nick Southwell, who joined Evaluate as Interim CFO in December 2016, prior to being appointed as CFO in September 2017. Hindley most recently served as CFO of Global Reach Group, and also held executive roles at Equiniti Group Ltd., Quadriga Worldwide Ltd, Aquascutum and Emap International Ltd.
Super [SAN FRANCISCO, CA] announced the appointment of Nilanshu Raja as Chief Financial Officer. Previously, Raja served as the SVP Finance & Operations at Kidaptive. He has spent more than 15 years in global finance and operations across early stage and FORTUNE 100 companies, including Microsoft. He was also founder of MediCorp, a healthcare startup that was later acquired.
DHI Group, Inc. [NEW YORK] (NYSE: DHX) announced that Kevin Bostick has joined as Chief Financial Officer. Bostick most recently served as partner and CFO of Level 5 Capital Partners. Bostick has a long career of serving as Chief Financial Officer for a number of companies in Denver including 365 Data Centers (where he was also president), Elevation DC, Local Insight Media and New Global Telecom. The Company also announced Luc Grégoire, who has served as CFO since November 2016, is leaving the Company by mutual agreement. Mr. Grégoire will continue to be employed by the Company in an advisory capacity during the transition through February 2020.
One Concern [MENLO PARK, CA] has hired William Atkins as Chief Financial Officer. Atkins served as CFO at a number of successful technology companies – including companies with public listings as well as those backed by venture capital and private equity interests. Atkins previously worked at Morgan Stanley for nearly a decade and held several leadership roles there, including serving as deputy head of investment banking in Tokyo.
Northwest Biotherapeutics (NW Bio) [BETHESDA, MD] (OTCQB: NWBO) announced the addition of Jean M. Davis as Chief Financial Officer, Chief Accounting Officer, and interim Chief Information Officer. Ms. Davis comes to NW Bio from BDO USA LLP, where she was a Risk Advisory Senior Manager.
Planet Fitness, Inc. [HAMPTON, NH] (NYSE: PLNT) announced that Tom Fitzgerald has been appointed Chief Financial Officer, joining the company in January. Fitzgerald will succeed Dorvin Lively who has served as Planet Fitness’ Chief Financial Officer since July 2013, and was promoted to Chief Financial Officer and President in April 2017. Lively will be continuing in his role as President. Prior to joining Planet Fitness, Fitzgerald was Chief Financial Officer and Senior Vice President at Potbelly Sandwich Works. Prior to Potbelly, he served in varying leadership roles at Charming Charlie Inc. including President and Chief Financial Officer, and Chief Administrative Officer. Previously, Fitzgerald served as Chief Administrative Officer of Sears Canada. Additionally, he held several leadership positions at Liz Claiborne, was Chief Financial Officer at Burlington Coat Factory, and served as Chief Operating Officer of Bath & Body Works. Fitzgerald began his career at PepsiCo, where he held various leadership roles in finance and planning.
Stanadyne LLC [WINDSOR, CT] announced that Costas Loukellis has been appointed Vice President and Chief Financial Officer. He replaces Stephen Langin, Chief Financial Officer, who retired from the company on December 1. Loukellis most recently served as Vice President of Financial Planning & Analysis at Pratt & Whitney, a division of United Technologies (UTC) where he spent 38 years prior to retiring in January 2019. Loukellis served in a number of global financial executive roles during his career at UTC including Vice President, Operations Finance and CFO of Aerospace Power Systems, both at Hamilton Sundstrand, and Operations Finance Director at Carrier.
Host Hotels & Resorts, Inc. [BETHESDA, MD] (NYSE: HST) announced that Michael D. Bluhm, the Company’s Executive Vice President and Chief Financial Officer, will step down at the end of 2019 to resume his career in investment banking as Managing Director and Global Head of Lodging for Morgan Stanley, based in Los Angeles. Brian G. Macnamara, Host’s Senior Vice President and Corporate Controller, will serve as principal financial officer on an interim basis, effective January 1, 2020.
Potbelly Corporation [CHICAGO] (NASDAQ: PBPB) announced that Tom Fitzgerald is stepping down from his position to accept a senior leadership position with another company. Fitzgerald will continue in his current position as Chief Financial Officer (“CFO”) until December 27, 2019 to ensure a smooth transition.
Admera Health, LLC [SOUTH PLAINFIELD, NJ] welcomed Omar Karame as Chief Financial Officer. Prior to joining Admera Health, Karame was CFO of an energy technology company in addition to heading M&A activities for several different businesses, including a Fortune 500, NYSE listed contractor, an NYSE listed healthcare company and a $1.4 billion industrial holding company. In addition, Mr. Karame spent several years in private equity, venture capital, and investment banking.
PeerStream, Inc. [NEW YORK, NY] (OTCQB: PEER) announced the appointment of Kara Jenny as Chief Financial Officer. Alexander Harrington has been serving as the Company’s Principal Financial Officer since May 2019, in addition to his responsibilities as Chief Executive Officer. Jenny served as a financial consultant to the Company since May 2019. Most recently, and since 2014, Jenny was Chief Financial Officer of Walker Innovation. Previously, she was the Chief Financial Officer of Bluefly, Inc. Ms. Jenny began her career at Arthur Andersen LLP.
Replimune Group Inc. [WOBURN, MA] (NASDAQ: REPL) announced the appointment of Jean M. Franchi as Chief Financial Officer. Franchi spent 16 years at Genzyme, and spent her final eight years at Genzyme as the Senior Vice President of Finance for all nine business units and then Senior Vice President of Corporate Finance working alongside the Chief Financial Officer. Most recently, Ms. Franchi served as the Chief Financial Officer for Merrimack Pharmaceuticals.
Constellation Brands, Inc. [VICTOR, N.Y.] (NYSE: STZ and STZ.B) announced that Garth Hankinson has been promoted to Executive Vice President and Chief Financial Officer (CFO), effective January 13, 2020. Hankinson succeeds David Klein, who will leave his role with Constellation Brands on January 13 to become Chief Executive Officer at Canopy Growth, which is anticipated to be effective January 14. Hankinson joined Constellation Brands in 2001. In his most current role, he serves as Senior Vice President, Corporate Development. Prior to joining Constellation Brands, Hankinson served in a number of roles spanning more than eight years in strategy and finance at Xerox and Citi.
Fourth Enterprises, LLC, parent company of HotSchedules [AUSTIN, TX and LONDON] announced the appointment of John Whitmarsh as Chief Financial Officer. Prior to joining the team, Whitmarsh served as the CFO of Vyze, which was recently acquired by MasterCard. Previously, Whitmarsh was the CFO for Zenoss Inc. He also held CFO roles at Century Payments (Worldpay), Misys Transactions Services (Allscripts), Digital Motorworks (ADP) and MessageOne (Dell).
Eastman Chemical Company [KINGSPORT, TN] (NYSE: EMN) announced that, after nearly 25 years of service, Curtis E. Espeland, Executive Vice President and Chief Financial Officer, will be succeeded on Feb. 28, 2020 by current Vice President, Finance William T. McLain, Jr. Espeland will continue to serve as Executive Vice President to assist the Executive Team with finance organization transition, corporate strategy, and portfolio optimization until his retirement in mid-2020. McLain joined Eastman in 2000. Most recently, McLain has served as Vice President, Finance. He has previously served as Corporate Controller; Treasurer; and Director, Finance for Asia Pacific. Prior to Eastman, McLain worked for public accounting firm PricewaterhouseCoopers.
Gates Industrial Corporation plc [DENVER] (NYSE: GTES) announced that David Naemura, Chief Financial Officer, will depart the company effective January 31st, 2020. Mr. Naemura is leaving to become the CFO of a new company to be formed by Fortive in association with its planned separation into two independent publicly traded companies. David Wisniewski, Senior Vice President and Chief Accounting Officer, will assume the responsibility of interim CFO while the company conducts its search for a new CFO. Wisniewski joined Gates in April of 2018 and is well qualified to serve in this interim role. Prior to joining Gates, he held roles of increasing responsibility in the finance and accounting functions at General Motors Company, most recently as Global Business Services CFO, and was previously a partner at Ernst & Young.
Iota Communications, Inc. [ALLENTOWN, PA] (OTCQB: IOTC) announced the appointment of Jim Dullinger as Chief Financial Officer (“CFO”). Prior to joining Iota, Dullinger served as Director of Finance and Accounting Advisory Services at Centri Business Consulting. Dullinger began his career in public accounting with 10 years of combined experience at KPMG and PwC.