Finyear: New Finance & Blocktech Daily News

Mercredi 29 Août 2012

CFO Moves – week ending August 17, 2012

CFO Moves this week include:

Nautilus, Inc. (NYSE: NLS) announced that Linda M. Pearce joined the Company as Chief Financial Officer. Most recently, from 2000 through earlier this year, she served as Executive Vice President and Chief Financial Officer for Warn Industries, Inc. Warn Industries is a subsidiary of Dover Corporation. In addition, from May 2010 to January 2011, Ms. Pearce served as Interim President for Warn Industries. Prior to Warn Industries, Ms. Pearce held a number of financial management positions with increasing responsibilities at Gardenburger, Inc., Blount International, Inc. and Lindsay Forest Products, Inc.

Swiss Re announced the appointment of Philip K. Ryan as Chairman of Swiss Re America Holding Corporation board, effective 1 October 2012. Until May 2012, Ryan was Chief Financial Officer of Power Financial and Power Corporation of Canada. Ryan has also held various leadership positions in his 22 years with Credit Suisse in the US, Switzerland and the UK; most notably, Chairman of the Financial Institutions Group and Chief Financial Officer of Credit Suisse Group.

Owens Corning (NYSE: OC) announced that it has appointed Michael C. McMurray Senior Vice President and Chief Financial Officer to replace Duncan J. Palmer, who has elected to leave the company to join Reed-Elsevier (NYSE: RUK), a U.K. based company. McMurray joined Owens Corning in 2008 after more than two decades of finance experience and a proven track record of success with Royal Dutch Shell. At Owens Corning, he has proven his leadership skills as Vice President, Investor Relations and Treasurer and most recently, as Vice President and Finance Leader of the company’s Building Materials Group.

Huntington Ingalls Industries (NYSE: HII) announced that Victoria D. Harker has been elected to its board of directors. Harker is currently the chief financial officer for Gannet. She previously served as CFO and president of global business services of the AES Corp., a multinational power company. Before joining AES, she was the acting CFO and treasurer of MCI from November 2002 through January 2006 and CFO of MCI Group, a unit of World Com Inc., from 1998 to 2002. Prior to this, she held several positions at MCI in finance, information technology and operations. She currently serves on the board of directors of Xylem, Inc., which was a spin off from ITT Corp. in 2011, and Darden Restaurants, Inc.

National Geographic Society announced that Tracie A. Winbigler joined as executive vice president and chief financial officer. Winbigler worked previously at GE, where she spent 25 years in a wide range of financial roles. She was most recently executive vice president and chief financial officer of GE Asset Management. Other positions she held at GE were HealthAhead finance leader; chief financial officer of GE Transportation; chief financial officer of GE Nuclear Energy; chief financial officer of GE Plastics Japan JV; and quality finance leader and global controller of GE Plastics. Winbigler also spent more than five years with NBC Universal, including a stint as executive vice president, finance, and chief financial officer for NBC Universal Television Group and Digital Media.

Dynavax Technologies Corporation (NASDAQ: DVAX) announced the appointment of Christine Larson to the position of Vice President and Chief Financial Officer, a newly created position. Ms. Larson joins Dynavax from PDL Biopharma, Inc. (PDL). Prior to PDL, Ms. Larson served as a Director at Grant Thornton, LLP in their Transactions Advisory group from 2007 to 2008. Previously from 2003 to 2005, Ms. Larson was Chief Financial Officer for Trinity Learning Corporation. From 1985 to 1999, Ms. Larson was with Bank of America Corporation, most recently as a senior vice president and managing director and was responsible for business development in their Global Capital Markets group.

SocialTyze announced that Jon Garfield has joined the company as its Chief Financial Officer. Prior to joining SocialTyze, Garfield held a series of executive positions over the span of nearly twenty years. Most impressively, he was the Co-Founder at Coach USA. He was also the CFO of Network IP. Garfield was also a controller at Maxxim Medical for six years.

OmniComm Systems, Inc. (OTN: OMCM) announced that Thomas Vickers will be appointed Chief Financial Officer effective October 16, 2012. Mr. Vickers is currently Vice President of Finance for the company and joined OmniComm in October 2011. Mr. Vickers came to OmniComm from Ocwen Financial Corporation, where he served in positions of increasing responsibility, most recently as Director, Servicing Operations. Previously Mr. Vickers was Vice President, Operations for S&J and Vice President, Financial Operations for Precision Response Corporation. Mr. Vickers succeeds Dr. Ronald Linares who has been OmniComm’s CFO since 2000. Beginning in October 2012 Dr. Linares will serve as Chief Executive Officer and Managing Partner of Riverstone Sanctuary LLC.

ZaZa Energy Corporation (NASDAQ: ZAZA) announced that its Board of Directors has appointed Ian H. Fay as Chief Financial Officer, replacing interim CFO Charles Campis. Mr. Fay is a Founding Partner at Odin Advisors LLC. Prior to Odin Advisors, Mr. Fay served as Managing Director and Head of the Energy & Natural Resources Group for the Americas at BNP Paribas, and Managing Director of Mergers and Acquisitions for RBC Capital Markets.

Cardiac Science Corporation announced the appointment of Doug Pepper as the Chief Financial Officer (CFO) of Cardiac Science. Previously, he worked as a Chief Operating Officer for a global manufacturing company and as CFO for one of the company’s business units prior to joining Cardiac Science.

Pharmacyclics, Inc. (NASDAQ: PCYC) announced the appointment of Joshua T. Brumm as its Executive Vice President of Finance. Mr. Brumm was most recently Chief Financial Officer and Senior Vice President for ZELTIQ Aesthetics, Inc. Mr. Brumm also served ZELTIQ as Vice President, Corporate Development and Investor Relations, as well as Senior Managing Director of International Sales. Prior to joining ZELTIQ, Mr. Brumm served as Director of Finance at Proteolix, Inc. (acquired by Onyx Pharmaceuticals). Prior to joining Proteolix, Mr. Brumm held the position of Investment Banking Associate as a member of the West Coast Healthcare Team at Citigroup Global Markets, Inc. As an entrepreneur, Mr. Brumm founded Nu-Ag Distributing, LLC, an agricultural sales and consulting company specializing in cotton and grain production. He also served Nu-Ag Distributing as the company’s Chief Executive Officer until its sale in June of 2007. Mr. Brumm started his career at Morgan Stanley as an Investment Banking Analyst for the West Coast Healthcare Team.

Spigit announced that Jim Walker has joined the Company as Chief Financial Officer (CFO) and Chief Operating Officer (COO). Walker was a senior executive at Alara, Inc. serving as Chairman of the Board, from 1995 to 2004, and as President and CEO, from 2004 to 2011. Prior to that, Walker was Chief Operating Officer and Chief Financial Officer of AlphaSmart, Inc. and Senior Vice President and Chief Financial Officer of Diamond Multimedia Systems. Walker has also held senior executive positions at Fujitsu Computer Products and its parent company, Paul G FitzgeraldFujitsu America.

Silverlink Communications, Inc. announced the appointment of Paul G. Fitzgerald as Chief Financial Officer. Fitzgerald was most recently Vice President of Finance and Treasurer for ITA Software, Inc. Prior to joining ITA Software, Fitzgerald served in senior roles at a variety of industry-leading technology companies, including Art Technology Group, Empirix and NetGenesis.

Ketchum announced that Rob Lorfink, currently Senior Partner, Chief Operating Officer and Chief Financial Officer, will become Senior Partner, President and Chief Operating Officer. Lorfink joined Ketchum as Chief Financial Officer in 2003 from Omnicom Group’s Diversified Agency Services (DAS) network and expanded his role to Chief Operating Officer in 2008.

Avantair, Inc. (OBB: AAIR) announced that Stephen Wagman has been appointed President and Carla Stucky has been appointed Chief Financial Officer. During this past year, Mr. Wagman has served as the Company’s Chief Financial Officer. Mr. Wagman came to Avantair with over 20 years of financial and operational leadership experience. Concurrent with this, Carla Stucky will become the Company’s Chief Financial Officer. Prior to joining Avantair in October 2011, Ms. Stucky was the Vice President, Corporate Controller and Chief Accounting Officer at Sterling Chemicals, Inc. from August 2008 through September 2011 and Corporate Controller from December 2007 to August 2008.

KnowledgeTree announced hiring for their new CFO, Petra Weishaupt-Smith. Weishaupt-Smith most recently served as COO and CFO at Digitalsmiths Corporation.

Industrial Services of America, Inc. (NASDAQ: IDSA) announced that Robert Coleman has resigned from his position as Chief Financial Officer, citing personal reasons. An interim CFO will be announced shortly.

Vail Resorts, Inc. (NYSE: MTN) announced today that Jeffrey W. Jones, chief financial officer and president of the Company’s lodging, retail and real estate businesses, will be retiring effective Dec. 31, 2012.

Arbitron Inc. (NYSE: ARB) announced that Debra Delman has been appointed Executive Vice President, Finance and Chief Financial Officer. Ms. Delman will succeed Sean Creamer, who has served as interim Chief Financial Officer since May 2012. Since 2009, Ms. Delman has been Senior Vice President, Strategic Operations and Finance for National Public Radio Inc., and was recently appointed Chief Strategy Officer. From 2005 to 2009, Ms. Delman was Senior Vice President and Chief Financial Officer for Discovery Networks International. From 2001 to 2004, she worked as Corporate Vice President, Finance at Hearst-Argyle Television, Inc. Ms. Delman also served as Senior Vice President, Chief Financial Officer, for Emmis International, as Senior Vice President, Chief Financial Officer, Manager Media International, Bangkok, Thailand and as an Investment Analyst at Daiwa Securities of America. She worked early in her career at Chemical Bank and W.R. Grace and Co.

Recommind announced the appointment of Jeff Epstein to its board of directors. Epstein, the former executive vice president and chief financial officer of Oracle, will also chair Recommind’s Audit Committee. Epstein also served as chief financial officer of several other public and private companies, including DoubleClick, acquired by Google, King World Productions, acquired by CBS, and Nielsen’s Media Measurement and Information Group. He has also worked as a mergers and acquisitions investment banker at The First Boston Corporation. Epstein is an executive-in-residence at Bessemer Venture Partners and is a Senior Advisor at Oak Hill Capital. He sits on the Board of Directors of, where he serves on the Audit and Compensation Committees, and he is a member of the Audit and Compliance Committee of the Stanford University Hospital. He also serves on the Management Board of the Stanford Graduate School of Business.

Avaya announced the appointment of Dave Vellequette as senior vice president and chief financial officer. Vellequette replaces Anthony Massetti, who is departing Avaya. Vellequette was most recently the chief financial officer of JDS Uniphase Corporation (JDSU), a role he held since June 2005. He joined JDSU in 2004 as vice president and operations controller. Prior to joining JDSU, Vellequette was vice president of worldwide sales and service operations at Openwave Systems. Between 1992 and 2002, he held positions of increasing responsibility at Cisco Systems, first as corporate controller of StrataCom Corporation (acquired by Cisco in 1996) and later as vice president of finance supporting Cisco’s service provider line of business.

Tessera Technologies, Inc. (NASDAQ: TSRA) announced C. Richard (Rick) Neely, Jr. has been named executive vice president and chief financial officer. The Company also announced that its former CFO, Michael Anthofer, has resigned his position to pursue other interests and opportunities. Neely joins the Company from Livescribe, Inc., which he joined in Feb. 2011 as CFO. From Sept. 2005 through Jan. 2011 he served as CFO of Monolithic Power Systems, Inc. Prior to Monolithic Power Systems, he served as CFO of NuCORE Technology, Inc. Neely also held senior roles at several semiconductor related companies, including Synopsys, Inc. and AMD.

Trupanion announced the recent hire of Michael Banks as Chief Financial Officer. Prior to joining Trupanion, Banks served as Executive Vice President and Chief Financial Officer at Penn Millers Holding Corporation. Banks has also held leadership positions at Atlantic Mutual Companies in Madison, NJ; AMBAC Indemnity Corporation in New York, NY; and KPMG Peat Marwick in Short Hills, NJ.

Parkway Properties, Inc. (NYSE: PKY) announced the appointment of David R. O’Reilly as Chief Financial Officer. Mr. O’Reilly, who was appointed Interim Chief Financial Officer in May 2012, will also continue in his responsibilities as the Company’s Executive Vice President and Chief Investment Officer. Prior to joining Parkway, Mr. O’Reilly served as Executive Vice President of Banyan Street Capital from August 2011 through October 2011 and as Director of Capital Markets for Eola Capital LLC from August 2009 through May 2011. He also served in the investment banking industry as Senior Vice President of Barclays Capital Inc. from September 2008 through June 2009 and in a similar capacity for Lehman Brothers from August 2001 through September 2008.

QFS Asset Management announced the appointment of Dan Bender as Chief Financial Officer. Mr. Bender joined QFS in May 2012 as the firm’s Managing Director of Accounting and Finance. Prior to joining QFS, Mr. Bender served as the Chief Financial Officer of Ramsey Asset Management, a long/short equity hedge funder manager in the Washington, D.C. area. Before Ramsey, Mr. Bender served as Treasurer and Financial Advisor for Octagon Financial Services.

Body Central Corp. (NASDAQ: BODY) announced that Thomas W. Stoltz has been promoted to Chief Operating Officer and named interim Chief Executive Officer. Mr. Stoltz has served as the Company’s Executive Vice President, Chief Financial Officer and Treasurer since September 2011 and replaces B. Allen Weinstein, the Company’s former Chief Executive Officer. Mr. Stoltz will also continue to serve as Body Central’s Chief Financial Officer.

Ecolab Inc. (NYSE: ECL) announced that its Chief Financial Officer, Steven L. Fritze, will step down as CFO on October 1, 2012, and will retire at the end of this year. Fritze has been Ecolab’s Chief Financial Officer since 2002. Douglas M. Baker, Jr., Ecolab’s Chairman and Chief Executive Officer also announced that Daniel J. Schmechel will become Chief Financial Officer on October 1. Schmechel joined Ecolab in 1995 and has led almost every major finance area. He is currently the Executive Vice President, Finance, where he has responsibility for Tax, Treasury and the Corporate Controller functions. Prior to that, he served as SVP, Finance Services and Systems, with responsibility for Shared Services and Information Technology. Schmechel also was Senior Vice President, Global Supply Chain, on an interim basis. During his 17 year career with Ecolab, he also has had an assignment in Europe as the SVP, Business Transformation, and has served as both the Corporate Controller and Treasurer.

Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) announced that William S. (Bill) Steckel has been appointed Senior Vice President and Chief Financial Officer. Bruce Biemeck, who has served as President and CFO since September 2010, will remain as President and Chief Operating Officer of the Company. Mr. Steckel will report to Chief Executive Officer Jonathan Berger. Prior to joining Great Lakes, Mr. Steckel served as an advisor to a variety of companies, serving as both interim CFO and COO. Following early professional financial positions at Deere & Company and Sheller-Globe Automotive, Mr. Steckel spent the majority of his career with Invensys Lambda Power and Climate Controls and at CTS Corporation, serving as Controller, General Manager, Vice President of Finance and President. His career also includes roles as CFO of Norwood and CEO, President and Director of Daystar Technologies, Inc.

DayStar Technologies, Inc. (NASDAQ: DSTI) today announced the hiring of Dale Hoover to serve as Chief Financial Officer, Vice President, and Corporate Secretary. Prior to joining the Company, Mr. Hoover was Controller of the Civil Group of Tutor Perini Corporation from December 2006 to February 2012.

Planar Systems, Inc. (NASDAQ: PLNR) announced the succession plan for the company’s chief financial officer, Scott Hildebrandt, who is stepping down at the end of this calendar year. Ryan Gray, Planar’s vice president of finance, will become the company’s CFO on January 1, 2013. Mr. Hildebrandt will then move into a part time strategic role for Planar beginning in January of 2013. Mr. Gray joined Planar Systems in 2005 as the director of finance for worldwide operations. He was appointed vice president and corporate controller in 2009. Mr. Gray has held significant financial planning and analysis, business partnering and treasury positions at Sequent, Radisys, Merant and Tektronix.

Samuel Dergel - The CFO Expert.
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