CFO Moves this week include:
| The Hertz Corporation | Office Depot, Inc. | Fusion-io |
| Coty Inc. | Marvell | WWE |
| Qualstar Corporation | Brookline Bancorp, Inc. | TransCentra |
| Midway Gold Corp. | Iteris, Inc. | MedSynergies, Inc. |
| Transplace | AAI-CML | ALLETE |
| Real Mex Restaurants | Sysmex America, Inc. | Broadridge Financial Solutions, Inc. |
| Chobani, Inc. | Hill-Rom Holdings, Inc. | Gas Natural Inc. |
| Double Eagle Petroleum Co. | Boston Therapeutics, Inc. | Delivery Agent, Inc. |
| Covanta Holding Corporation | AVEO Pharmaceuticals, Inc. | RainDance Technologies, Inc. |
| Melinta Therapeutics | Precision Health Media | Visterra, Inc |
| Hemispherx Biopharma, Inc. | Dyn | Edwards Lifesciences Corporation |
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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 s.dergel@stantonchase.com or by phone at +1 (415) 738-2070.
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The Hertz Corporation (NYSE: HTZ) announced that Thomas (Tom) C. Kennedy has been appointed Senior Executive Vice President and Chief Financial Officer. David J. Rosenberg, who has been serving as interim Chief Financial Officer since October 1, 2013, will assist Mr. Kennedy during a transition period, before taking on another senior role in the Company’s Finance area. Mr. Kennedy has been serving as Executive Vice President and Chief Financial Officer of Hilton Worldwide, Inc. since 2008. From 2003 through 2007, Mr. Kennedy served as Executive Vice President and Chief Financial Officer for the Vanguard Car Rental Group (National Car Rental and Alamo Rent-A-Car brands). From 1992 through 2003, Mr. Kennedy worked for Northwest Airlines, Inc. in numerous roles with increasing management responsibility, primarily in the company’s financial areas, including serving two years as the financial controller for Asia based in Tokyo, Japan. Mr. Kennedy was Senior Vice President and Controller when he left Northwest for Vanguard in 2003.
Office Depot, Inc. (NYSE: ODP), a company formed by the merger of Office Depot and OfficeMax, announced the appointment of Stephen Hare as Executive Vice President and Chief Financial Officer. Hare replaces Co-CFO Mike Newman, who has retired from the Company, and interim Co-CFO Deb O’Connor, who has returned to her position as Senior Vice President, Finance and Co-Chief Accounting Officer. Hare comes to Office Depot, Inc. from The Wendy’s Company where he served as Senior Vice President and Chief Financial Officer from 2011 until September 2013. Hare was Senior Vice President and Chief Financial Officer of Wendy’s/Arby’s Group, Inc. from 2008 through 2011. Previously, he served as Chief Financial Officer of Arby’s Restaurant Group, Inc. Prior to his senior management positions with The Wendy’s Company, Wendy’s/Arby’s Group, Inc., and Arby’s Restaurant Group, Inc., Hare was Executive Vice President of Cadmus Communications Corp. and the President of Publisher Services Group, a division of Cadmus, from 2003 to 2006. He served as Executive Vice President and Chief Financial Officer of Cadmus from 2001 to 2003. From 1996 to 2001, Hare was Executive Vice President and Chief Financial Officer of AMF Bowling Worldwide, where he also was a member of the Board of Directors. From 1990 to 1996, he was Senior Vice President and Chief Financial Officer of James River Corp.
Fusion-io (NYSE: FIO) announced that Ted Hull, previously vice president of finance at Cisco since 2007, has joined Fusion-io as executive vice president and chief financial officer. Prior to Cisco, Hull served as CFO at Isola, as well as vice president of finance and then CFO at Maxtor, and as vice president of finance at Exodus Communications. He also served as division controller in the IBM SSD division, in addition to other senior financial roles at IBM during his seventeen-year tenure at the company.
Coty Inc. (NYSE: COTY) announced the appointment of Patrice de Talhouet as CFO effective early 2014. He will replace Sergio Pedreiro who will stay on at Coty through March 2014 to provide a seamless transition for Mr. de Talhouet. He was Corporate Finance Officer Americas and a member of the finance executive committee for Mars, Inc.. The five years prior he served as CFO Europe for Mars Global Chocolate. Before joining Mars, Inc., Mr. de Talhouet spent more than a decade in senior finance positions for Alcatel-Lucent. He started his career at Societe Generale bank where he spent four years.
Marvell (NASDAQ: MRVL) announced that Brad D. Feller, Marvell’s Interim Chief Financial Officer, has advised Marvell of his intention to resign from his position to pursue other opportunities. Mr. Feller’s resignation is effective as of December 10, 2013.
WWE (NYSE: WWE) announced that George Barrios, formerly Chief Financial Officer, has been promoted to Chief Strategy and Financial Officer.
Qualstar Corporation (NASDAQ: QBAK) announced the departure of Philip Varley, the Company’s Chief Financial Officer, and the hiring of Louann Negrete as the Company’s new Chief Financial Officer. For the past 2 years Ms. Negrete was the Director of Corporate Accounting for LINE 6, Inc. Prior to Line 6 she was the Corporate Controller for 6 years at Interlink Electronics, Inc. She also served for 6 years as the Corporate Controller for publicly traded Biosource International, Inc. ”
Brookline Bancorp, Inc. (NASDAQ: BRKL) announced that Julie A. Gerschick, Brookline Bancorp’s Chief Financial Officer and Treasurer, has resigned effective December 31, 2013 to pursue other business interests.
TransCentra has named Mike McCloskey chief financial officer. Prior to joining TransCentra, McCloskey was CFO for Atlanta-based Parkmobile USA, Inc. McCloskey previously held several senior level finance positions with organizations including Harland Clarke.
Midway Gold Corp. (NYSE: MDW) announced the appointment of Brad Blacketor to the Midway team as Chief Financial Officer. Prior to joining Midway, Brad was CFO of Gold Resource Corporation, CFO of Bear Creek Mining Corporation and CFO of Metallica Resources Inc. for 11 years. Brad is also a Director and Chairman of the Audit Committee for Kaminak Gold Corporation.
Iteris, Inc. (NYSE: ITI) appointed Walter “Chuck” McBride as chief financial officer. Mr. McBride joins Iteris after serving as the CFO for SRS Labs, Inc. from 2011 to 2012. Prior to SRS, Mr. McBride served as a CFO for various publicly traded technology products and services companies, including Capstone Turbine, First Consulting Group, and Emulex Corporation. He has also served in various senior financial positions for private companies, such as CFO of Synthetic Genomics and CFO of Kistler Aerospace Corporation.
MedSynergies, Inc. announced the company has named Doug Hansen as its new chief financial officer. Most recently, he was CFO for Accelion Health and for the health care division of Perot Systems, now Dell.
Transplace announced the appointment of Tony Cossentino as chief financial officer (CFO). He has served as chief financial officer at several logistics companies, including AmeriCold Logistics, Arnold Logistics, and most recently, Environmental Logistics Services. Cossentino replaced Steve Crowther, who joined Transplace in 2007.
AAI-CML, a new company created upon the merger of AAIPharma Services, Corp. (“AAI”) and Cambridge Major Laboratories, Inc. (“CML”) announced the appointment of Eric Evans as the Chief Financial Officer (CFO) of the merged company. The merged company is a portfolio company of American Capital, Ltd. (NASDAQ: ACAS). Evans was most recently the chief financial officer of AAIPharma Services, Corp. Prior to AAIPharma, Evans was chief financial officer and executive vice president of Patheon, Inc. and vice president and controller for Novartis Pharmaceuticals. He was also chief financial officer for the U.S. division of Sandoz.
ALLETE (NYSE: ALE) announced that Controller and Vice President of Business Support Steve DeVinck has been promoted to Chief Financial Officer, effective March 3, 2014. He will replace current CFO Mark Schober, who announced his intention to retire last August. DeVinck joined ALLETE in 1997 after working fourteen years with the U.S. operations of Enbridge Inc., where he held the position of chief accountant and various other leadership roles in accounting and tax. He was promoted to assistant controller at ALLETE in 1999, and in 2004 he was named director-non-utility business development. DeVinck has been ALLETE controller for the past seven years. In 2009, he assumed the additional role of vice president of business support.
Real Mex Restaurants announced the appointment of Blake Barnett to Chief Financial Officer. Barnett joins Real Mex Restaurants from Kraco Enterprises, where he served as Chief Financial Officer since 2012. Prior to Kraco, Blake was Principal Consultant at B&B Consulting for two years. Before B&B Consulting, Blake served as Chief Financial Officer at Ambassadors International (AMIE) and from 2007-2008. Blake also has extensive experience in the food and restaurant business, having served as Chief Financial Officer at Albertsons from 2004-2006 and Divisional Chief Executive Officer for YUM Brands from 2002-2004.
Sysmex America, Inc. announced that Alex Garini has been named Chief Financial Officer. Most recently, Garini served as Vice President, Finance for Siemens Healthcare – North America. Prior to that, he was Senior Director, Controller – FP&A / Risk Management and Compliance Officer for Siemens Medical Solutions Inc. Garini started at Siemens Brasil, Ltda. in 1990 working in their Marketing and Finance departments in Brazil and Germany and moved through roles of increasing responsibility. In 1999, he became Chief Financial Officer for Siemens Building Technologies’ Latin American region. At Siemens, Garini also served as Head of Strategic Projects – Corporate Finance for the Building Technologies business and Director of Finance II – Sales & Risk Management for the IT Solutions and Services division. From 1996 to 1999, Garini left Siemens to work in finance leadership positions at Cerberus Pyrotronics and R.R. Donnelley where he was part of their mergers and acquisitions leadership team in Brazil.
Broadridge Financial Solutions, Inc. (NYSE: BR) announced that Chief Financial Officer Dan Sheldon is taking a temporary medical leave of absence. Michael Liberatore will assume the role of Acting Principal Financial Officer and David Lisa will serve as Acting Principal Accounting Officer until Mr. Sheldon returns. Mr. Liberatore currently serves as chief operating officer of Broadridge’s Mutual Fund and Retirement Solutions Group, prior to which he was chief financial officer of the Investor Communication Solutions business. Mr. Lisa currently serves as Broadridge’s corporate controller.
Chobani, Inc. has named Dipak Golechha Chief Financial Officer. Golechha joins Chobani after 18 years at Procter & Gamble, where he held a variety of finance, operational and management positions, including CFO of the Global Snacks Division.
Hill-Rom Holdings, Inc. (NYSE: HRC) announced the appointment of James “Jay” Saccaro as Senior Vice President and Chief Financial Officer. He will join Hill-Rom on December 30. Saccaro joins Hill-Rom from Baxter International, Inc., where he held positions of increasing responsibility over his 11-year career. He most recently served as Vice President and Global Franchise Head of Specialty Pharmaceuticals. From 2011-2013, Saccaro served as Corporate Vice President and Treasurer and, before that, was the Vice President of Finance for Baxter’s Europe, Middle East and Africa business.
Gas Natural Inc. (NYSE: EGAS) announced that Thomas J. Smith, Vice President and Chief Financial Officer, has announced his plans to retire after a distinguished career of over 50 years, including ten years of service with Gas Natural and its predecessor companies. Mr. Smith has served in his current role since November 2007. Mr. Smith will continue in his role until a replacement is found and a seamless transition is completed.
Double Eagle Petroleum Co. (NASDAQ: DBLE) announced that Kurtis Hooley, the Company’s Chief Operating Officer, assumed the position of Chief Financial Officer upon the resignation of the prior Chief Financial Officer in August 2013. The Company believes that it needs to engage a new Chief Financial Officer so that Mr. Hooley can focus on operations. Mr. Hooley will work with the Chief Executive Officer of the Company in identifying and hiring his successor as Chief Financial Officer.
Boston Therapeutics, Inc. (OTC: BTHE) appointed S. Colin Neill to its Board of Directors. Mr. Neill replaces Carl Lueders as chair of the Company’s Audit Committee. Mr. Lueders left the Board to spend more time with his new business venture. Mr. Neill was, most recently, President and Chief Financial Officer of Pharmos Corporation. Mr. Neill has held the Chief Financial Officer position at several companies, including publicly held Pharmos and ClinTrials Research, as well as Axonyx and BTR Inc., a U.S. subsidiary of BTR plc. In addition, the Company named Anthony D. Squeglia as Chief Financial Officer. From 2007 to 2012, Mr. Squeglia was the Chief Financial Officer for Galectin Therapeutics and its predecessor company Pro-Pharmaceuticals. Before that, he held executive management positions at several technology companies, including ATT, ITT and Unisys.
Delivery Agent, Inc. announced the appointment of Michael Novelly as chief financial officer. Prior to Delivery Agent, Novelly was the CFO of Discover Books. Previously, he was vice president of financial planning & analysis, and served a 3-month term as interim CFO at Dolby Laboratories. He also served as CFO for media conglomerate Polygram Television. Additionally, Novelly was responsible for financial planning, analysis, reporting, budgeting and forecasting for Time Warner.
Covanta Holding Corporation (NYSE: CVA) announced that Bradford J. Helgeson will assume the position of Executive Vice President and Chief Financial Officer. Mr. Helgeson has been Covanta’s Vice President and Treasurer since 2007, and previously held senior financial positions at Waste Services, Inc., and worked in investment banking with Lehman Brothers and Donaldson, Lufkin & Jenrette. He will replace Sanjiv Khattri, who will be actively assisting in the transition.
AVEO Pharmaceuticals, Inc. (NASDAQ: AVEO) announced that David Johnston, the Company’s Chief Financial Officer, provided notice of his intention to resign from the Company effective as of December 30, 2013 to pursue a new career opportunity. Tuan Ha-Ngoc, AVEO’s President and Chief Executive Officer, will assume the role of principal financial officer until a replacement Chief Financial Officer is appointed.
RainDance Technologies, Inc. announced that Alfred G. (Alf) Merriweather has joined the company as Chief Financial Officer. Merriweather most recently served as CFO of Verinata Health prior to its acquisition by Illumina. Previously he served as CFO and in senior executive positions with several leading life science and clinical diagnostics companies, including Celera Corporation and Monogram Biosciences.
Melinta Therapeutics announced the appointment of Paul Estrem to the role of chief financial officer. Paul Estrem held several senior positions at Baxter International prior to joining Melinta. Most recently, Mr. Estrem was vice president of integration for Baxter’s Medical Products. Earlier in his tenure, Mr. Estrem served as CFO of the same Baxter’s Medical Products; CFO and vice president of strategy in Baxter Medication Delivery, a division that later became Baxter’s Medical Products; CFO of Baxter Bioscience, a specialty therapeutics division; and CFO of Baxter Ltd, a subsidiary based in Tokyo, Japan.
Precision Health Media has named Richard O’Connor as its first Chief Financial Officer. Richard was previously Co-Founder and CFO of Prime Visibility Media Group. He was previously a principal at Nakita Capital Partners and held key financial positions at Universal Domestic Television and Warner Bros, Domestic TV Distribution.
Visterra, Inc. announced that David Arkowitz has joined the company as Chief Operating Officer and Chief Financial Officer. Most recently, Mr. Arkowitz was at Mascoma Corporation since 2011 where he served as Chief Financial Officer and General Manager, Mascoma Grain Tech. Prior to joining Mascoma, he was Chief Financial Officer and Chief Business Officer of AMAG Pharmaceuticals from 2007 to 2011. Prior to his tenure at AMAG, he served as Chief Financial Officer of Idenix Pharmaceuticals from 2003 to 2007. Previously, he spent more than thirteen years at Merck & Co. including as Vice President and Controller of the U.S. sales and marketing division and as Controller of the global research and development division. Mr. Arkowitz served on the board of directors of Aegerion Pharmaceuticals and ImpactRx.
Hemispherx Biopharma, Inc. (NYSE: HEB) announced that the Board has appointed Thomas Equels as the new Chief Financial Officer. Mr. Equels currently serves as Executive Vice Chairman, Secretary and General Counsel of Hemispherx.
Versatile Systems Inc. (TSX-V: VV) announced that Kelly M. Boyer has been appointed as the Company’s Interim Chief Financial Officer. Kelly M. Boyer will replace Fraser Atkinson. Since 2010, Ms. Boyer has served as President of Kelly Boyer & Associates, Inc. Prior to beginning her consulting practice, Ms. Boyer served in various senior finance roles in companies, both public and private, in various industries including mining, manufacturing, pharmaceuticals and oil and gas.
Dyn announced the hiring of Timothy O’Toole as the company’s Chief Financial Officer (CFO). O’Toole was most recently CFO of Boston-based Rapid7, Inc. Prior to joining Rapid7, O’Toole was the CFO of Mzinga, LLC. He was also Vice President of Finance at BladeLogic Inc.
Edwards Lifesciences Corporation (NYSE: EW) announced it has chosen Scott B. Ullem as the company’s next corporate vice president, chief financial officer (CFO). Ullem will succeed Thomas M. Abate, who announced in May his planned retirement. Ullem joins Edwards from Bemis Company, Inc., where he served as vice president and CFO since 2010. He was previously vice president of finance for the company. Prior to joining Bemis, Ullem held positions of increasing responsibility in the investment banking divisions of both The Goldman Sachs Group, Inc., and Bank of America Corporation.
