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Mardi 17 Juillet 2012

CFO Moves – week ending July 6, 2012


CFO Moves this week include:



Comverse Technology, Inc. (CTI) (NASDAQ: CMVT) announced that Thomas B. Sabol, the former Chief Financial14174 Officer of Hypercom Corporation, will become Chief Financial Officer of CTI’s wholly-owned subsidiary Comverse, Inc. (CNS). Joel Legon, currently serving as CTI’s interim Chief Financial Officer, will continue in the position and in a leadership position within the Global Finance team at CNS. As previously announced, CTI plans to spin off CNS as an independent public company in a transaction that is expected to become effective in the third quarter of this fiscal year. Mr. Sabol joins Comverse following two years as Chief Financial Officer of Hypercom. Hypercom was acquired by VeriFone Systems, Inc. in 2011. From 2006 to 2009, Mr. Sabol served as Chief Financial Officer of Suntron Corporation, where he also served as a Director beginning in 2004. Previously, Mr. Sabol held Chief Financial Officer and Chief Operating Officer positions with Plexus Corp., and served as Chief Financial Officer of Wolverine Tube, Inc.

Ryerson Inc. announced the appointment of Edward J. Lehner to the position of Executive Vice President and Chief Financial Officer (CFO), effective August 1, 2012. Mr. Lehner was most recently CFO at PSC Metals. He replaces William S. Johnson who has been acting as interim Ryerson CFO since April 12, 2012. In 1992 Mr. Lehner joined Nucor and spent 10 years in various financial and operational roles including Group Controller and Director of Supply Chain and Logistics. After leaving Nucor, Mr. Lehner held several senior financial and general management roles for Birmingham Steel, Inc., Laurel Steel, SeverCorr and Greenseed Holdings, LLC.

Cubist Pharmaceuticals, Inc. (NASDAQ: CBST) announced that Michael Tomsicek, currently Vice President of Corporate Finance, has been named Senior Vice President and Deputy Chief Financial Officer. Mr. Tomsicek will report to David McGirr, Chief Financial Officer. Mr. Tomsicek joined Cubist in 2010. Prior to Cubist, he spent eight years at General Electric Healthcare, initially as global operations Finance Manager for its Monitoring business, and then as CFO of its diagnostic ultrasound business and CFO of its global ultrasound product group. Previously, Mr. Tomsicek served in a variety of financial and channel management roles at Motorola.

BioNitrogen Corporation (PINK:BION) announced the appointment of Bryan Kornegay to the position of CFO, replacing Michael McCarthy who will stay on with the Company in the capacity of Comptroller. Mr. Kornegay has also been appointed to the Board of Directors. Mr. Kornegay has worked at Hicks, Muse, Tate & Furst, a private equity firm. In addition, his prior experience includes CFO and director positions in public and private companies.

Fiesta Restaurant Group, Inc. (NASDAQ: FRGI) announced that Lynn Schweinfurth has joined the Company as Vice President and Chief Financial Officer. Since 2010, Ms. Schweinfurth served as Vice President of Finance and Treasurer at Winn-Dixie Stores, Inc. Prior to joining Winn-Dixie Stores, Inc., Ms. Schweinfurth led the finance function at Lone Star Steakhouse, Texas Land & Cattle, Romano’s Macaroni Grill, and the international division of Brinker International, Inc. During her nine years at PepsiCo, Inc. and Yum! Brands, Inc., she held various domestic and international roles in areas including planning and analysis, mergers & acquisitions, franchise finance and investor relations.

Fisker Automotive announced the appointment of Jim Yost as Chief Financial Officer. Yost most recently served as Executive Vice President, Chief Financial Officer of Dana Holdings from 2008 through May 2012. Yost began his career at Ford Motor Company where, over the course of 27 years, he served in several senior and executive level finance roles in North America, Europe and South America including serving as Ford’s Chief Information Officer and Vice President of Corporate Strategy. Shortly after retiring from Ford in 2001, Yost joined Hayes Lemmerz, serving as EVP, Chief Financial Officer from 2002 through 2008.7299

Galaxy Gaming, Inc. (OBB: GLXZ) announced that Gary A. Vecchiarelli has been named Chief Financial Officer, Corporate Secretary and Treasurer. Mr. Vecchiarelli previously served as a Controller for Spectrum Pharmaceuticals, a position he held since July 2011. He replaces Robert Saucier, who has served as Interim Chief Financial Officer since February.

The Men’s Wearhouse (NYSE: MW) announced that Neill P. Davis, Executive Vice President and Chief Financial Officer, has notified the Company that he intends to leave on August 2, 2012 to accept the position of President with Francesca’s Holdings Corporation. Diana Wilson, who is a Men’s Wearhouse’s Executive Vice President and has also served as Chief Accounting Officer for the past nine years, will succeed Davis as Interim Chief Financial Officer and will work closely in the area of investor relations with David Edwab, the Company’s Vice Chairman and previous CFO from 1991 to 1999. Ms. Wilson has served as the Company’s Chief Accounting Officer since March 2003. She joined the Company in March 1999 as Corporate Controller.

Francesca’s Holdings Corporation (NASDAQ: FRAN) announced that Neill P. Davis has been appointed to the newly created role of President, reporting to Chief Executive Officer John De Meritt. Mr. Davis has been a member of Francesca’s Board since 2007 and has extensive leadership experience in the retail industry. He assumes the role of President following 15 years in senior executive positions at Men’s Wearhouse, most recently serving as Executive Vice President, Chief Financial Officer and Treasurer. Mr. Davis will remain a Director of Francesca’s in addition to serving as President.

Universal Music Group (UMG) has appointed Joseph Schmidt to Chief Financial Officer, East Coast Labels. UMG’s East Coast Labels include The Island Def Jam Music Group and Universal Republic Records. Formerly, Mr. Schmidt served as Vice President, Finance for RCA Records.

MusclePharm Corporation (OTC: MSLP) announced that L. Gary Davis has been appointed as chief financial officer, succeeding Larry Meer, who will continue with the company as treasurer. Davis most recently served as executive vice president and chief financial officer of Bodybuilding.com. He previously was vice president and chief financial officer of US Ecology Corporation. Davis serves on the boards of Jayden DeLuca Foundation and HP Holdings, Inc.

23andMe has announced the addition of Andy Page to its Board of Directors. Andy Page currently serves as the President of Gilt Groupe. He joined Gilt in April 2010 as the Chief Financial Officer and transitioned to President in 2011. Prior to joining Gilt, Andy was Chief Operating and Financial Officer at PlayPhone, Inc.. Before PlayPhone, Andy was Chief Financial Officer and SVP of Business Strategy of StubHub Inc. Andy has also held senior executive positions at Panasas Inc., ONI Systems Corp., and Robertson Stephens & Company.

LeapFrog Enterprises, Inc. (NYSE: LF) announced that chief financial officer Mark A. Etnyre has resigned from the company in order to spend more time with his family and pursue personal interests. The resignation will be effective as of October 1, 2012.

Affinion Group, Inc. announced that it has adopted a succession management plan to address the most senior roles at the Company. Under the terms of this plan Todd Siegel, the Company’s present Chief Financial Officer, will be named Chief Executive Officer. Mr. Siegel has served as Chief Financial Officer of the Company since November of 2008. Prior to this, Mr. Siegel had been General Counsel since July of 2003. Mr. Siegel joined our predecessor company in November of 1999 from Skadden, Arps, Slate, Meagher and Flom, where he was a corporate associate. Previous to that, he was a certified public accountant with Ernst & Young.

Logitech International (NASDAQ: LOGI) announced that Didier Hirsch, senior vice president and chief financial officer of Agilent Technologies has been announced as a nominee to the Board of Directors of the Company.

Waste Management, Inc. (NYSE: WM) announced that James C. Fish, Jr., currently Senior Vice President of the Eastern Group, will become Executive Vice President and Chief Financial Officer upon completion of financial reporting for the second quarter. Mr. Fish will succeed Steven C. Preston, the company’s principal financial officer, following Mr. Preston’s decision to pursue chief executive officer opportunities. Mr. Fish joined Waste Management in 2001. Prior to joining Waste Management, Mr. Fish held finance or revenue management positions at Westex, a Yellow-Roadway subsidiary; Trans World Airlines; and America West Airlines.

BASi (Bioanalytical Systems, Inc.) (NASDAQ: BASI) announced that CFO Jacqueline M. Lemke has been named to the additional posts of interim President & CEO. Ms. Lemke succeeds Anthony S. Chilton, Ph.D., who has resigned as CEO to pursue other opportunities. Ms. Lemke has more than 20 years of experience in critical financial reporting and management positions, most recently as Vice President of Finance and Global CFO of Remy, Inc. Earlier, she served as Vice President of Finance, Global CFO Connected Home Solutions at Motorola, Inc., and was Strategic Planning Director, Global Invista division at DuPont.

Darling International Inc. (NYSE: DAR) announced that, effective September 1, 2012, Colin Stevenson will become its Executive Vice President – Chief Financial Officer, and John O. Muse, the Company’s current Executive Vice President – Finance and Administration, will become the Company’s Executive Vice President – Chief Administrative Officer. Mr. Stevenson will report to Mr. Muse, who has indicated his intent to retire from the Company at the end of 2014. Mr. Stevenson has been with PricewaterhouseCoopers LLP since 1999, where he became a partner in 2002 and most recently served as leader of its Dallas Financial Services Tax Group. Prior to PwC, Mr. Stevenson spent approximately 8 years in industry holding a variety of positions including CFO and division president for privately held construction and land development entities, as well as regional vice president of financial operations for the Ryland Group, a publicly-traded company on the NYSE.

Network Instruments announced that Jenny Kray has been hired to be the company’s Chief Financial Officer. Kray was most recently the Compellent Controller for Dell, Inc. Prior to Dell, Kray spent significant time at Secure Computing Corporation, acquired by McAfee, Inc., as a Controller.

 
Samuel Dergel - The CFO Expert.
 
Should you have any CFO Moves to report, please email us.
cfomoves@dergelcfo.com
 
 

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