CFO Moves this week include:
|CBS Outdoor||Mandalay Digital Group, Inc.||Dynamic Aviation|
|McMURRY/TMG||Kony, Inc.||iCAD, Inc.|
|Penn National Gaming, Inc.||Clean Coal Technologies, Inc.||Stater Bros. Markets|
|LaserLock Technologies, Inc.||Fortinet||Saratoga Resources, Inc.|
|First Commonwealth Financial Corporation||American Realty Capital Properties, Inc.||Eagle Bancorp Montana, Inc.|
|Premier Alliance Group, Inc.||South Jersey Industries||Motivating the Masses, Inc.|
|Markel Food Group|
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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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CBS Outdoor announced that Donald R. Shassian has been named Executive Vice President/Chief Financial Officer. Shassian was most recently Executive Vice President/Chief Financial Officer for Frontier Communications. Shassian will be supported by the current Executive Vice President, Chief Financial Officer of CBS Outdoor, Ray Nowak, who will remain in the organization and now focus exclusively on finance and accounting for U.S.-based businesses as its U.S. CFO. Previously he served as Executive Vice President/Chief Financial Officer and later Chief Operating Officer of RSL Communications, Ltd. He has also held senior-level positions with Southern New England Telecommunications Company (SNET) and Arthur Andersen.
Mandalay Digital Group, Inc. (NASDAQ: MNDL) announced that the Company has hired Jeffrey Klausner as the Company’s Chief Financial Officer. Prior to joining Mandalay Digital, he was Managing Director at Sherwood Partners. Previously he served as CFO for Razorgator. Prior to that Mr. Klausner was CFO of InfoSonics Corp..
Dynamic Aviation announced that David Schneeman has joined the company as Chief Financial Officer. In his most recent role, Mr. Schneeman served as CFO, Treasurer and Secretary for Decision Sciences International Corporation. Prior to his work with Decision Sciences, he also served in executive-level roles with SRA International, Inc., The Mills Corporation, MCI, Inc., and UUNET Technologies, Inc. Mr. Schneeman replaces former CFO Roger Franklin who resigned to pursue other interests.
McMURRY/TMG has named David Barron Chief Financial Officer and newest member of the company’s management committee. Barron was most recently Executive Vice President and Chief Financial Officer at Publicis Kaplan Thaler. Prior to Publicis, Barron held positions with TBWA Worldwide, Time Warner, C2 Media and Arthur Andersen LLP.
Kony, Inc. announced the appointment of Matthew Hale as chief financial officer (CFO). Most recently, Hale served as CFO of Voxeo Corporation, where he was the financial lead on the sale of Voxeo to Aspect Software. Prior to Voxeo, he served as the CFO of Empower Software Solutions, where he led the sale of Empower to a private equity firm. As CFO of Limelight Technologies, Inc. Hale’s previous career includes leadership roles at S1 Corporation, CCI-Triad Systems, Inc. and Ernst & Young LLP. Hale succeeds CFO Kelly Enos who has been with the company since 2011. Enos will remain with Kony taking on a new position.
Penn National Gaming, Inc. (NASDAQ: PENN) announced the appointment of Saul V. Reibstein, as Senior Vice President and Chief Financial Officer, effective December 4, 2013. Mr. Reibstein, who served as a member of the Company’s Board of Directors since June 2011 and as Chairman of the Board’s Audit Committee, succeeds William J. Clifford, who assumed the role of Chief Financial Officer of Gaming and Leisure Properties, Inc. (“GLPI”) following the spin-off of GLPI from Penn on November 1, 2013. Concurrent with the commencement of his employment as Senior Vice President and Chief Financial Officer, Mr. Reibstein will resign from the Company’s Board of Directors, reducing the size of the Board to six members. For 11 years, Mr. Reibstein served as a partner at BDO Seidman, LLP (now BDO USA, LLP). At BDO he was the partner in charge of the Philadelphia office from June 1997 to December 2001 and Regional Business Line Leader from December 2001 until September 2004. Since 2004, Mr. Reibstein has served as a member of the senior management team of CBIZ, Inc. During his tenure at CBIZ, he held a number of positions including, most recently, Senior Managing Director with responsibility for the firm’s New York practice since January 2012. In addition, since July 2010 he has served as a member of the Board of Directors of Vishay Precision Group, Inc., where he is Chairman of the Audit Committee and a member of both the Compensation and Nominating and Corporate Governance committees.
Clean Coal Technologies, Inc. (OTC: CCTC) announced that Aiden Neary has been appointed as Chief Financial Officer of the Company. His professional career started in London where he held senior financial positions at ING and Schroders bank before moving to UBS in 2000. Mr. Neary is a former Managing Director of UBS where he held several key roles, including serving as COO of its global commodities business and Chief of Staff and member of the global equity management team.
Stater Bros. Markets announced the promotion of David Harris to the position of Executive Vice President Finance, Chief Financial Officer and Principal Accounting Officer of Stater Bros. Markets. Harris joined Stater Bros. in 2009 as Vice President Finance. In June 2011 he was promoted to Senior Vice President Finance, and in 2012 he was promoted to Senior Vice President Finance, Chief Financial Officer and Principal Accounting Officer.
LaserLock Technologies, Inc. (OTC: LLTI) announced it has hired Ed Weisberger as its new Chief Financial Officer. His past work includes time in senior positions at Igene Biotechnology, a public biotech company, and Deloitte and Touche, among others.
Fortinet (NASDAQ: FTNT) announced that Nancy Bush has been appointed as the Company’s Interim Chief Financial Officer. Ms. Bush is replacing Ahmed Rubaie, who will be departing as the Company’s Chief Financial Officer and Chief Operating Officer for personal reasons. Ms. Bush has served as Vice President and Worldwide Corporate Controller of Fortinet since December 2011. Ms. Bush also served as Interim Chief Financial Officer of Fortinet from September 2012 to April 2013. Prior to Fortinet, Ms. Bush held senior finance roles at ArcSight, Inc., Packeteer, Inc. and Maxtor Corporation.
First Commonwealth Financial Corporation (NYSE: FCF) announced that Robert E. Rout will retire from his position as Executive Vice President, Chief Financial Officer and Treasurer during the first half of 2014. Mr. Rout joined the organization as Chief Financial Officer in February 2010.
American Realty Capital Properties, Inc. (NASDAQ: ARCP) announced that it has appointed David S. Kay as President. Prior to his appointment, Mr. Kay, served as Chief Investment Officer and Chief Financial Officer of Capital Automotive Real Estate Services, Inc., whose predecessor, Capital Automotive REIT, Mr. Kay co-founded in October 1997. Prior to forming Capital Automotive REIT, Mr. Kay was employed by the public accounting firm of Arthur Andersen LLP for approximately 10 years. Mr. Kay is a member of the board of directors of Summit Hotel Properties, Inc. (NYSE: INN).
Eagle Bancorp Montana, Inc. (NASDAQ: EBMT), the holding company of American Federal Savings Bank, announced that Clinton J. Morrison is resigning as Chief Financial Officer effective December 31, 2013, to pursue another business opportunity. Peter J. Johnson, President and CEO will assume the CFO responsibilities during the period after Clint’s resignation. Johnson was CFO prior to being appointed to CEO in 2007.
Premier Alliance Group, Inc. appointed Mike Witt to serve as Chief Financial Officer for the Company. Mr. Witt most recently served as CFO for Boston National Title. In addition Mr. Witt was a past CFO and Chief Accounting Officer for HSBC Mortgage Services and CFO for the Consumer Credit Division of First Union National Bank among holding other senior financial management roles with various organizations. Mike Witt replaces the current CFO, Larry Brumfield.
Motivating the Masses, Inc. accepted the resignation Susie Carder, who is its current President and Chief Operating Officer, as the Chief Financial Officer. Simultaneously, the company appointed Alex Henderson as the Treasurer/Chief Financial Officer and Secretary of the Corporation. From February 2010 through October 2012, Mr. Henderson was the controller at MEA Digital Worx, LLC, d/b/a Piston Agency. Prior to this, he was controller at Sequoia Solar, Inc., accounting operations manager for NTN Buzztime Inc., director of finance for Z57.com, Inc., as well as accounting manager and controller of the subsidiary, SignOnSanDiego.com.
Markel Food Group announces Cindy Yao has joined the Company as Chief Financial Officer. Yao has over 18 years of experience in the financial management of large global companies including Eastman Kodak, Corning, and Bausch & Lomb, where she most recently served as the Vice President, Corporate Treasurer.