CFO Moves this week include:
|Craft Brew Alliance, Inc.||Armored AutoGroup Inc.||Boku|
|Jacobs Engineering Group Inc.||Main Street Capital Corporation||Books-A-Million, Inc.|
|Sidewinder Drilling Inc.||NexBank Capital, Inc.||ION Geophysical Corporation|
|Chromatin, Inc.||Bone Biologics, Corp.||Finjan Holdings, Inc.|
|Oxis International, Inc.||Lionstone Investments||Axion Power International, Inc.|
|Rowan Companies plc||Hercules Offshore, Inc.||Care.com|
|Brightcove Inc.||Caesars Entertainment Corporation||Bomgar|
|Acelity L.P. Inc.||Social Reality, Inc.||Awarepoint Corporation|
|bluebird bio, Inc.||Clarabridge, Inc.||Raven Industries, Inc.|
|Hanmi Financial Corporation||Escalade, Incorporated|
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 firstname.lastname@example.org or by phone at +1 (415) 738-2070.
+ + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + +
Craft Brew Alliance, Inc. (NASDAQ: BREW) announced that Mark D. Moreland, chief financial officer, will transition out of the CFO role effective December 31, 2014 and will assist the Company in a consultant capacity through the middle of 2015. Mr. Moreland has served as the principal financial officer of the Company since 2008. He initially joined Widmer Brothers Brewing as CFO in April 2008 in preparation for the merger of Widmer Brothers and Redhook and has served as CBA’s chief financial officer since the merger in July 2008. Before joining the company, Mr. Moreland was Executive Vice President and Chief Financial Officer of Knowledge Learning Corporation and held various senior-level finance positions, including interim CFO, with Movie Gallery, Inc. and Hollywood Entertainment Corporation, which Movie Gallery acquired in 2005. Mr. Moreland will continue to direct the company’s finance organization through the end of the year. Beginning January 1, 2015, he will serve as a senior consultant to assist in the CFO transition through May 31, 2015.
Armored AutoGroup Inc. announced the appointment of Michael K. Bauersfeld as Chief Financial Officer. Andy Bolt, Armored AutoGroup’s current CFO, is leaving the Company for personal reasons. Before assuming his current role, Mr. Bauersfeld was Vice President & Corporate Controller at Sun Products from September 2008 to February 2014. During that period, he also served as Interim Chief Financial Officer from July 2011 to January 2012. Before joining Sun Products, he spent four years at Elizabeth Arden, Inc., where he served in a variety of financial roles, including Vice President & Corporate Controller and, earlier, Vice President and Director of Finance for the company’s Prestige Selling Business Unit and Global Marketing department. Before joining Elizabeth Arden, he held roles including Director of Financial Reporting at Memry Corporation, Director of Financial Reporting at Remington Products Company, and Manager of Financial Reporting and consolidations for Playtex Apparel, Inc.
Boku named mopay co-founder Christian Hinrichs as the company’s new Chief Financial Officer. This announcement comes on the heels of Boku’s recent acquisition of mopay. Prior to mopay, Christian also worked as a Project Manager at Roland Berger & Partner, and has experience working with companies such as Commerzbank, Dresdner Bank and Delbrück & Co, Privatbankiers.
Jacobs Engineering Group Inc. (NYSE: JEC) announced that Kevin Berryman is joining the company as Executive Vice President (EVP) and Chief Financial Officer (CFO). Mr. Berryman will assume his new role effective January 5, 2015. For the past five years Mr. Berryman has served as EVP and CFO at International Flavors and Fragrances Inc. Prior to that, he spent 25 years at Nestlé in a number of finance roles including treasury, mergers & acquisitions, strategic planning, and control. Recent roles at Nestlé included Senior Vice President and Controller of the Nestlé Group, and CFO of Nestlé Purina, where he supported the integration of Nestlé’s largest acquisition, Ralston Purina, into the Nestlé operations. In September, Jacobs announced the planned retirement of its EVP Finance and Administration John Prosser, who has been with the company for 40 years. Mr. Prosser will continue at Jacobs until the end of January 2015 to work with Mr. Berryman on the transition of his role.
Main Street Capital Corporation (NYSE: MAIN) announced that it has promoted Dwayne L. Hyzak to Chief Operating Officer and Senior Managing Director and Brent D. Smith to Chief Financial Officer and Treasurer. Mr. Hyzak has served as Main Street’s Chief Financial Officer and Senior Managing Director since 2011 and as its Treasurer since 2012. Mr. Hyzak also serves as a member of Main Street’s investment committee. Previously, he served as Main Street’s Senior Vice President-Finance since 2011, as one of its Senior Vice Presidents since 2007 and was a co-founder of Main Street. Mr. Hyzak joined Main Street’s predecessor funds in 2002 and has been affiliated with the Main Street group in leadership roles since 2000. Mr. Smith has served as Main Street’s Senior Vice President-Finance since August 2014. Previously he served as the Executive Vice-President, Chief Financial Officer and Treasurer of a publicly traded energy services company from 2010 through June 2014 and in various finance and accounting roles at the company from 2005 through 2010.
Books-A-Million, Inc. (NASDAQ: BAMM) announced the appointment of Ronald J. Domanico as a member of the Board and a member of the Audit Committee of the Board. Mr. Domanico will stand for re-election at the Company’s annual meeting of stockholders in 2015. Mr. Domanico is recently retired from HD Supply (“HDS”), where he served as Senior Vice President and Chief Financial Officer. While at HDS, Mr. Domanico played a key role in the company’s successful IPO in 2013. Prior to HDS, Mr. Domanico was Senior Vice President, Chief Financial Officer, and a member of the board of directors of Caraustar Industries, Inc. from 2002 to 2009. Prior to Caraustar, Mr. Domanico held various senior financial management positions, most notably Senior Vice President and Chief Financial Officer of Nabisco International.
Sidewinder Drilling Inc. announced the promotion of J. Anthony Gallegos to President of the Company. Mr. Gallegos currently serves as Chief Financial Officer, a role he will keep in addition to his new responsibilities as President. Mr. Gallegos was a founder of Sidewinder and has served as Senior Vice President & CFO since the Company’s inception. From April 2006 through September 2010, Mr. Gallegos held the position of Vice President of Business Development for Scorpion Offshore, acquired by Seadrill Ltd. in 2010. Prior to joining Scorpion Offshore, he held operational, marketing, corporate planning and management positions with Atwood Oceanics, Transocean and Ensco.
NexBank Capital, Inc. announced that Kenneth R. Hanks, Executive Vice President and Chief Financial Officer, electively retired from the company, effective October 31, 2014. He was succeeded by Craig S. Korbuly, who most recently served as Senior Vice President and Chief Accounting Officer of NexBank Capital, Inc. Previously, Mr. Korbuly was an Audit Principal with Payne & Smith LLC. Mr. Korbuly’s career also includes director and senior audit roles with McGladery & Pullen LLP, Fisk & Robinson P.C., and Bailey Vaught Robertson & Company.
ION Geophysical Corporation (NYSE: IO) announced the resignation of its Senior Vice President and Chief Financial Officer, Greg Heinlein, who is leaving the Company to pursue other interests. ION has named Steve Bate as its Executive Vice President and Chief Financial Officer. Mr. Bate was previously Executive Vice President and Chief Operating Officer of ION’s Systems division. Mr. Bate joined ION in 2005 as Chief Financial Officer for the Company’s Solutions business. In 2007, he became Senior Vice President of ION’s Sensor business, and in 2009, his role broadened to include leadership of ION’s Land Imaging Systems division. Following the formation in March 2010 of INOVA Geophysical, ION’s joint venture with BGP, Mr. Bate was appointed INOVA’s first President and Chief Executive Officer and served in that role for two and a half years. In 2013, Mr. Bate was named Executive Vice President and Chief Operating Officer of ION’s Systems division. Prior to joining ION, Mr. Bate was President of a residential construction company and founded his own consulting business to help lead organizations through change.
Chromatin, Inc. announced that Troy Randolph has joined the company as its Chief Financial Officer. After serving as an Officer in the U.S. Army, Troy began a corporate career at General Electric where he spent 10 years in roles of growing responsibility, starting with GE’s Appliance division and subsequently becoming a member of the GE Corporate Audit Staff, after which he joined the finance team at GE Healthcare. From there he served as CFO of GE Nuclear’s Global Laser Enrichment Program. After leaving GE, Troy transitioned into private equity owned businesses, serving as the VP of Finance/CFO for Guilford Performance Textiles, an automotive textile manufacturer and a portfolio company of Cerberus Capital. While at Guilford, Troy was a key leader in the company’s successful sale and integration into Lear Corporation. Most recently, Troy was the CFO of Nautic Global, a private equity backed recreational boat manufacturer, and fourth largest domestic producer of pleasure craft.
Bon Biologics, Corp. has appointed Deina Walsh as Chief Financial Officer. Ms. Walsh is the owner and founder of DHW, CPA, PLLC a firm specializing in audits of publicly held entities, Sarbanes-Oxley Compliance, internal audit and internal control systems, and audits of privately held entities. She was previously a partner at EFP Rotenberg, LLP.
Finjan Holdings, Inc. (NASDAQ: FNJN) announced that Michael D. Noonan has been appointed the Company’s Chief Financial Officer (CFO) and Treasurer replacing Shimon Steinmetz. Mr. Steinmetz has decided not to renew his contract with the Company and to explore other pursuits. He will remain with the Company to ensure a seamless transition. Michael served as CFO and a member of the Board of Directors of Sky Petroleum Inc. Previously, Michael served as a senior director in the finance department responsible for investor relations, human resources, and mergers and acquisitions at Forgent Networks.
Oxis International, Inc. announced the appointment of Steven Weldon as Chief Financial Officer, Chief Accounting Officer and member of the Board of Directors.
Lionstone Investments announced the appointment of Andrew J. Bruce as chief financial officer. Mr. Bruce served most recently as the CFO for two public non-listed REITs advised by Behringer Harvard, a real estate investment firm. He also headed the capital markets group for the Behringer platform from 2006 to 2012. Between 1994 and early 2006, Mr. Bruce worked for AMLI Residential Properties Trust in Dallas and Chicago, beginning his career there as a property accountant and later working as a corporate accountant.
Axion Power International, Inc. (NASDAQ: AXPW) announced that executive Charles R. Trego has been appointed the Company’s permanent Chief Financial Officer. Trego, who is also a member of the Company’s Board of Directors. Trego previously served as the Company’s CFO from April, 2010 to July, 2013, has been serving as a consultant in the role of interim CFO since March 2014 when he took over for Stephen Graham, who resigned. Trego was formerly Executive Vice President and Chief Financial Officer of Minrad International, which was acquired by India’s Piramal Healthcare in early 2009. Prior to that, from 2005 to 2008, he was Senior Vice President and Chief Financial Officer of Hardinge Inc., and from 2003 to 2005 he was Chief Financial Officer and Treasurer of Latham International.
Rowan Companies plc (NYSE: RDC) announced the appointment of Stephen M. Butz as Executive Vice President, Chief Financial Officer and Treasurer, effective December 1, 2014. Mr. Butz joins the Company from Hercules Offshore, Inc., where for the past nine years he has served in various corporate development, treasury and finance functions, most recently as Executive Vice President and Chief Financial Officer. Mr. Butz will take over from Kevin Bartol, whose resignation was previously announced and is effective as of November 30, 2014.
Hercules Offshore, Inc. (NASDAQ: HERO) announced that it has promoted Troy L. Carson to Senior Vice President and Chief Financial Officer, effective November 21, 2014. Mr. Carson replaces Stephen M. Butz, who resigned as the Company’s Executive Vice President and Chief Financial Officer effective November 21, 2014, to join Rowan Companies plc as Executive Vice President, Chief Financial Officer and Treasurer. Mr. Carson is currently serving as Senior Vice President and Chief Accounting Officer. He joined the Company as Vice President and Corporate Controller in March 2007, was appointed to Principal Accounting Officer in July 2008, and was named Chief Accounting Officer in May 2010.
Care.com (NYSE: CRCM) announced that Ian Duncan Robertson, most recently Chief Financial Officer of OpenTable, has been appointed to the Company’s Board of Directors, effective as of November 5, 2014. Mr. Robertson also will serve as Chairman of the Board’s Audit Committee. Mr. Robertson was Chief Financial Officer (CFO) of OpenTable from August 2011 to October 2014. Previously, he co-founded and served as CFO of SnapStick, a mobile app company, and before that served as CFO of Aricent, from 2005 to 2009. Mr. Robertson has also held leadership and financial roles at Flextronics, Sensory, Orbit Semiconductor, and Deloitte & Touche. The Company also announced that Steven Cakebread stepped down from the Company’s Board and as its Chairman of the Audit Committee effective as of November 5, 2014.
Brightcove Inc. (NASDAQ: BCOV) announced the appointment of Kevin R. Rhodes as EVP & Chief Financial Officer. Mr. Rhodes is expected to assume his position with the Company on December 1, 2014. Chris Stagno, Brightcove’s Chief Accounting Officer, was named Interim Chief Financial Officer earlier this year and will resume his primary role once the transition is complete. Most recently, Mr. Rhodes served for over five years as the EVP & Chief Financial Officer of PlumChoice, Inc.. Prior to joining PlumChoice, he served as the Chief Financial Officer of Edgewater Technology, Inc. Mr. Rhodes held other senior financial management positions with Eliassen Group, Inc. and Waste Management, Inc.
Caesars Entertainment Corporation (NASDAQ: CZR) announced the appointment of Eric Hession, the company’s senior vice president and treasurer, as Chief Financial Officer, effective January 1, 2015. Hession will succeed Donald Colvin, who is retiring from the company effective December 31, 2014. He joined the company in 2002 after four years with Merck & Co.
Bomgar announced that Bruce Duner has joined the company as Chief Financial Officer. Duner joins Bomgar most recently from Surgical Information Systems (SIS), where he was Senior Vice President and Chief Financial Officer. Duner previously served as Senior Vice President and Chief Accounting Officer at Mariner Health Care. Prior to Mariner, Duner served as Senior Vice President and Chief Financial Officer for Wonderware.
Acelity L.P. Inc. announced the appointment of Thomas Casey as Executive Vice President and Chief Financial Officer. Most recently, Tom served as Executive Vice President and CFO at Clear Channel. Prior to this role, Tom was Executive Vice President at Washington Mutual. Previous to this, Tom served as Senior Vice President and CFO for GE Financial Assurance.
Social Reality, Inc. (OTC: SCRI) announced the appointment of Carrie McQueen as Chief Financial Officer. Ms. McQueen most recently served as Chief Financial Officer of LifeVantage Corporation. Prior to LifeVantage, Ms. McQueen served as Chief Financial Officer for Adventrx Pharmaceuticals. She also served as Vice President Finance for V-Enable, Inc. (now xAd), and for Websense Inc. (WBSN, now private).
Awarepoint Corporation announced the promotion of Tim Roche, formerly the company’s chief financial officer, to the position of chief executive officer. Roche has served as chief financial officer of Awarepoint since November 2011. Prior to Awarepoint, Tim was the co-founder, president and chief executive officer of MDdatacor, Inc.
bluebird bio, Inc. (NASDAQ: BLUE) announced that James M. DeTore is joining the company as its Chief Financial Officer and Treasurer. Mr. DeTore joins the company from Ironwood Pharmaceuticals Inc., where he served as Vice President of Corporate Finance and as the Corporate Controller at Ironwood’s predecessor company, Microbia, Inc. Prior to that, he spent a number of years at Genzyme Corporation in a variety of divisional and corporate financial positions.
Clarabridge, Inc. announced that BroadSoft CFO Jim Tholen has been appointed to its Board of Directors. Tholen currently serves on the Board of Directors and as chairman of the Audit Committee for Millennial Media (NYSE: MM), and on the Board of Directors of Spectra Logic. He also served as CFO and chief strategy officer for CareerBuilder.com. Tholen was also CFO and COO at NetSec, Inc., a managed security services company acquired by MCI (now Verizon Business).
Raven Industries, Inc. (NASDAQ: RAVN) announced that Steven E. Brazones will join the company as its Chief Financial Officer (CFO), effective December 1, 2014. Brazones succeeds Thomas Iacarella who will remain with the company and work with Brazones to ensure a smooth transition. From 2002 to 2014, Brazones held a variety of positions with H.B. Fuller Company. Most recently, he served as the Company’s Americas finance director. Previously, he served as the assistant treasurer and the director of investor relations. Prior to his tenure with H.B. Fuller, Brazones held various roles at Northwestern Growth.
Hanmi Financial Corporation (NASDAQ: HAFC), the holding company for Hanmi Bank announced that Michael W. McCall has been appointed Executive Vice President & Chief Financial Officer (“CFO”), effective November 12, 2014. Most recently, Mr. McCall served as Senior Vice President and Principal Accounting Officer at BBCN Bank. Prior to BBCN Bank, he held numerous leadership positions in the banking sector.
Escalade, Incorporated (NASDAQ: ESCA) announced that Stephen R. Wawrin will assume the additional duties as Escalade’s Vice President, Finance and Chief Financial Officer. Since 2008, Mr. Wawrin has served as Vice President –Finance and Administration for Escalade’s Sporting Goods business. He joined Escalade in 2005, and previously served as Corporate Controller for Escalade, Inc. Mr. Wawrin will succeed Deborah J. Meinert, Escalade’s current Vice President Finance, Chief Financial Officer, and Secretary.