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USA | CFO Moves – week ending January 23, 2015


Tracking CFO movement across the USA.



U.S. Bank (NYSE: USB) announced that Andrew Cecere, currently Vice Chairman and Chief Financial Officer (CFO), has been promoted to Vice Chairman and Chief Operating Officer (COO). Kathy Ashcraft Rogers, currently Executive Vice President, Business Line Planning & Reporting, will succeed Cecere as Vice Chairman and Chief Financial Officer. Rogers has been with U.S. Bank for 28 years and has served in a variety of leadership roles within the Finance organization. Cecere has been with U.S. Bank since 1985. He has served as Vice Chairman and CFO since 2007. Prior to that, he served as Vice Chairman of Wealth Management and Securities Services. Rogers has been with U.S. Bank since 1987. Rogers has been responsible for Business Line Planning & Reporting, including the stress testing process for U.S. Bank with the Federal Reserve Board, since 1998.

Grant Thornton LLP announced that Billy Moore will become the chief financial officer (CFO), effective Aug. 1. He will succeed Russ Wieman upon his retirement from the firm. Currently, Moore serves as the Professional Standards partner for the firm’s Carolinas practice, which includes offices in Charlotte and Raleigh, N.C., and Columbia, S.C. Prior to joining Grant Thornton in 2009, Moore served for 15 years as the executive vice president and CFO of several publicly traded multinational companies, including Unifi, Inc., Polymer Group, Inc., and International Textile Group, Inc. In addition, he spent nearly 20 years with Ernst & Young LLP in numerous roles of increasing responsibility, including audit partner and managing partner of several offices.

Tribune Publishing Company announced that John Bode, Executive Vice President and Chief Financial Officer, is leaving the Company by mutual agreement to pursue other business opportunities. Sandra J. Martin, the Company’s Senior Vice President of Corporate Finance and Investor Relations, has been appointed interim CFO. Bode was appointed CFO of the publishing unit of Tribune Company in September 2013 and oversaw the successful separation of Tribune Publishing in August 2014. Martin, who joined the Company in Spring 2014, has considerable public accounting and public company financial management experience. Martin has previously served as the Chief Financial Officer for Entech Solar and as the Vice President and Corporate Controller for Belo Corp.

Cognolink announced Michael Flanagan has joined the company as Chief Financial Officer (CFO). Prior to joining Cognolink, Flanagan was CFO of Paradysz, and President of its digital division, PM Digital. Previously, Flanagan served as CFO and COO of Monster Worldwide’s Directional Marketing business. When Monster spun off this business and sold it to Audax Group, Flanagan was appointed CFO of the newly independent company, and subsequently promoted to President and CEO. Flanagan also has experience working with ADP as Vice President & General Manager, in addition to various roles in its Corporate Finance department. Flanagan also worked at American Express as a Senior Financial Analyst.

DeviceAuthority, Inc. announced that it has appointed Tim Morse to its board of directors. Mr. Morse is CFO and Executive Vice President of Auction.com and the former Chief Financial Officer and Interim Chief Executive Officer of Yahoo! Inc. Mr. Morse later held a series of financial leadership roles for General Electric, launching successful initiatives and driving growth in several sectors of the company, including GE Capital, GE Corporate, GE Appliances and GE Plastics. After his time as CFO of Altera Corporation, he joined Yahoo! Inc. as CFO and was later appointed as the company’s Interim CEO. Prior to his current role at Auction.com, Mr. Morse joined Adap.tv, taking control of the fast-growing company’s IPO efforts, which ultimately resulted in an acquisition by AOL.

Apache Corporation (NYSE: APA) announced Stephen Riney will be appointed as executive vice president and chief financial officer. He is scheduled to begin in February. Riney joins Apache following a distinguished career at BP, plc. where he worked following the merger with Amoco in 1998. Most recently, Riney served as the chief financial officer for BP exploration and production. Previously, he served as the global head of mergers and acquisitions and held several management positions in project finance, insurance, operations and planning. Prior to the merger with BP, Riney spent nine years with Amoco in various management roles in finance, mergers and acquisitions, planning and marketing.

BCS Global Networks, Inc. announced that Rachel Rice, the longtime CFO of Video Guidance, has been named CFO. Video Guidance and BCS Global merged last month. Video Guidance became a wholly owned subsidiary of BCS. Rice joined Video Guidance as CFO in 2000.

Immune Pharmaceuticals Inc. (NASDAQ: IMNP) announced the appointment of Gad Berdugo as Executive Vice President and Chief Financial Officer. Additionally, the Board appointed Elliot Maza as an independent director and Chairman of the Audit Committee. Mr. Berdugo is leaving the Board in order to become the new Chief Financial Officer. Prior to his appointment, Mr. Berdugo was a Managing Director and Head of the Global Life Sciences at Tegris Advisors. He was previously the Founder and Managing Partner of Explorium Capital. From 2001 to 2008 he served as Director at Lazard Asset Management Group. Mr. Berdugo started his career at Abbott and then at Baxter Healthcare, where he was Director of Global Business Development for the Bio-Pharmaceutical Group. Elliot M. Maza currently is Chairman, Chief Executive Officer and CFO at Intellect Neurosciences Inc. Previously, Mr. Maza was Chief Executive Officer and CFO at Biozone Pharmaceuticals, Inc. and Chief Financial Officer of Emisphere Technologies Inc. Mr. Maza has been a Partner, Transaction Advisory Services, at Ernst & Young, LLP. He began his professional career as an Attorney at Sullivan and Cromwell in New York and then in Investment banking as Vice President of Structured Finance in the Fixed Income divisions of Goldman Sachs & Co., J.P. Morgan Securities, Inc. and BT Securities Corporation. Mr. Maza has served on numerous Boards of Directors for OTC and NASDAQ traded companies, including positions as Chairman of the Audit Committee.

HireRight has named Thomas Spaeth chief financial officer. Most recently, Spaeth served as CFO at UBM Technology. Spaeth’s experience includes corporate finance, consulting, and advisory roles at leading companies such as Motorola, Ernst & Young, and Deutsche Bank.

Sparta Systems, Inc. announced the appointment of Steve Buonaiuto as Chief Financial Officer. Prior to his role at Sparta Systems, Buonaiuto served as SVP of Operations for product development and marketing, CFO of EMEA and CFO of Global Services for CA Technologies. Previous to CA, Buonaiuto served as Oracle’s Vice President for North America consulting operations.

WaterWalk Hotel & Apartments announced that Kay Auer joins WaterWalk as Chief Financial Officer. Most recently, Auer was the CFO of Quality Solutions, Inc. Prior to that position, Auer was the CFO at Value Place.

Northland Investment Corporation has named Ami Fatula as Chief Financial Officer. Prior to joining Northland, she led accounting and reporting oversight with AEW Partners Funds. Fatula also specialized in real estate as an audit manager at Ernst & Young LLP.

Washington REIT (NYSE: WRE) announced the appointment of Stephen E. Riffee as Executive Vice President and Chief Financial Officer-elect, effective on February 17, 2015. Mr. Riffee will succeed Bill Camp who, as previously disclosed, is stepping down as CFO after Washington REIT’s year-end reporting period. Prior to joining Washington REIT, Mr. Riffee served as Executive Vice President and Chief Financial Officer for Corporate Office Properties Trust (COPT). Before joining COPT in 2006, he was Executive Vice President and Chief Financial Officer for CarrAmerica Realty Corporation.

Corporate Office Properties Trust (NYSE: OFC) announced that Stephen E. Riffee, the Company’s Executive Vice President and Chief Financial Officer, will leave the Company on February 3, 2015, to pursue other interests. Effective February 4, 2015, Anthony Mifsud will become Executive Vice President and Chief Financial Officer.

WorkForce Software announced that it has appointed Bob Feller as its new chief financial officer. Prior to joining WorkForce Software, he served as CFO of Palace Sports & Entertainment, the parent company of the Detroit Pistons NBA franchise. Feller’s previous roles included serving as vice president of Finance and corporate controller for Salesforce.com and as CFO of Scientific Learning. Feller began his career as a CPA with Arthur Anderson.

InnerWorkings, Inc. (NASDAQ: INWK) announced the appointment of Ryan Spohn as interim Chief Financial Officer. Mr. Spohn will succeed Joseph M. Busky, who is leaving the Company to pursue other business opportunities. Mr. Busky will remain as CFO through the filing of the Company’s Annual Report on Form 10-K for the year ended December 31, 2014, at which time Mr. Spohn’s appointment will take effect. Mr. Spohn joined InnerWorkings in early 2009 as a Senior Vice President and Controller. Prior to joining InnerWorkings, he was a finance director for Siemens Healthcare Diagnostics and held various positions of increasing responsibility over his ten-year tenure.

Arpin Group announced that Michael Killoran has been promoted to the position of chief financial officer, replacing Edward Braks who has retired after 20 years of service. Killoran joined Arpin Van Lines as controller in 1983. In 2008, when the accounting functions for Arpin Van Lines and Arpin International Group were consolidated under Arpin Group, he was promoted to controller of the combined entity. Braks will continue to support the interests of the Arpin Group as a consultant and as a member of its board of directors.

Solaris Oilfield Infrastructure, LLC announced that Chris Work has joined the company as Chief Financial Officer and Chief Administrative Officer. Chris most recently served as the Chief Financial Officer of Nuevo Midstream, LLC. While at Nuevo Midstream, Chris spearheaded the company’s sale to Western Gas Partners, LP.

The Bon-Ton Stores, Inc. (NASDAQ: BONT) announced that Keith E. Plowman, Executive Vice President and Chief Financial Officer, has informed the Company’s Board of Directors that he plans to retire in August 2015.

Avedro Inc. announced that Brian K. Roberts is joining the company as its new Chief Financial Officer. Prior to this role, Mr. Roberts served as Chief Financial Officer for Insulet Corporation. Mr. Roberts replaces Rhonda J. Bracey who has been the company’s Chief Financial Officer for the past six years and who will assist in the transition. Ms. Bracey will be leaving the company in anticipation of her relocation to the West Coast to pursue new opportunities. Prior to Insulet, Brian served as CFO for Jingle Networks, and CFO for Digitas. Mr. Roberts has also held finance positions at Idiom Technologies, Inc., the Monitor Group and served as an auditor with Ernst & Young LLP.

RH (Restoration Hardware Holdings, Inc.) (NYSE: RH) announced the appointment of Ali Rowghani to its Board of Directors. He will also serve on the Board’s Nominating and Corporate Governance Committee. Mr. Rowghani has served in executive leadership positions at innovative growth companies, including Twitter, Inc. and Pixar Animation Studios, Inc. At Twitter, Mr. Rowghani was hired as the Company’s first Chief Financial Officer in March 2010, and later served as Chief Operating Officer from December 2012 to June 2014. Prior to Twitter, from June 2002 to February 2010, Mr. Rowghani served in various leadership roles at Pixar, including Chief Financial Officer and Senior Vice President, Strategic Planning. Mr. Rowghani is currently a part time partner at YCombinator, and currently serves on the Board of Directors of The San Francisco Symphony.

TriMas Corporation announced David Rice as the future chief financial officer of the new Cequent organization, once the previously announced spin from TriMas Corporation is complete. The spin transaction is expected to be completed in mid-2015. David currently serves as division finance officer of TriMas’ Cequent Performance Products business located in Plymouth, Mich. David joined TriMas Corporation in 2005 and brings more than 30 years of financial, audit and leadership experience to the role. He has held previous roles at TriMas Corporation, which include division finance officer of Cequent Performance Products, and group controller and director of Corporate Audit. Prior to 2005, he held additional divisional controller positions of increasing responsibilities at GKN Sinter Metals and Mueller Industries, Inc., as well as managing international operations finance at The Woodbridge Group.

Boys & Girls Clubs of America (BGCA) has appointed Wayne DeVeydt, Executive Vice President and Chief Financial Officer for Anthem, Inc., to the organization’s Board of Governors. DeVeydt joined Anthem in 2005 as senior vice president and chief accounting officer. He later became chief of staff to the chairman and chief executive officer before becoming chief financial officer in 2007. Before joining Anthem, Mr. DeVeydt was a partner with PricewaterhouseCoopers serving in several leadership roles during his time with the company.

Buckhorn Energy Services, LLC announced that Victor A. Wind has been appointed as Chief Financial Officer. Most recently he served as the Chief Financial Officer and Executive Vice President of Forest Oil Corporation from August 2013 until it merged with Sabine Oil & Gas LLC in December 2014. Prior to his appointment as Chief Financial Officer of Forest Oil, Mr. Wind served in many capacities during his 10 year tenure at Forest including Senior Vice President, Chief Accounting Officer from December 2009 and Corporate Controller from January 2005. Prior to joining Forest Oil Corporation, Mr. Wind served as Director of Financial Reporting and Controller for Evergreen Resources, Inc., and also served as an audit manager at the New York-based accounting firm BDO Seidman, LLP.

iZotope, Inc. has hired Michael Bayer as its Chief Financial Officer. Bayer’s past experience includes senior finance roles at organizations such as MotherNature.com, LightChip, TaskRabbit, DynamicOps, Mobiquity, and Revivio. Bayer also served as co-founder and CEO of RPM Communications.

Turnitin announced that Bobby Wilson, most recently the chief financial officer and chief operating officer at Hobsons, is joining Turnitin as chief financial officer. Bobby Wilson joins Turnitin from Hobsons, where he served as CFO and COO from 2012 to early 2015. Prior to Hobsons, he spent 10 years in various leadership roles at Thomson Reuters, including finance lead for several businesses. Earlier in his career, Bobby held positions at Ford Motor Company and NASA.

Gurtin Fixed Income Management announced the promotion of Erik Davidson to the newly created position of Chief Financial Officer. Davidson draws from 17+ years of financial industry experience, including experience as Director of Investments & Financial Reporting for the San Diego State University Foundation and serving as CFO for two different mass market consumer product companies prior to joining Gurtin in 2014.

Remy International (NASDAQ: REMY) announced that Albert VanDenBergh will join Remy as Senior Vice President and Chief Financial Officer, effective February 20, 2015. Al most recently was Finance Director, Delphi Connection Systems with Delphi Automotive PLC. Prior to joining Delphi, Al was a product development engineer with General Motors vehicle engineering organization.

Aaron’s, Inc. (NYSE: AAN) announced that Ryan Woodley, Chief Operating Officer and Chief Financial Officer of subsidiary Progressive Leasing, has been named Chief Executive Officer of Progressive Leasing. In addition Todd Jeffcoat, Senior Vice President of Finance, was named Progressive’s Chief Financial Officer. Woodley joined Progressive as Chief Operating Officer and Chief Financial Officer in June of 2013. Previously, Woodley was Chief Operating Officer and Chief Financial Officer at DigiCert. Before DigiCert, he was a principal at Polaris Partners. Prior to Polaris, Woodley was a strategy consultant at the Monitor Group. He has also spent time at Google as a manager in the online sales operations group and at the payment gateway Authorize.Net. Jeffcoat joined Progressive in May of 2012. Prior to joining Progressive, Jeffcoat served as Controller, then Chief Accounting Officer for TMX Finance. Prior to joining TMX Finance, he served as staff accountant, then Corporate Accounting Supervisor for Advance America.

Crestwood Equity Partners LP announced that Michael J. Campbell has resigned as Chief Financial Officer of Crestwood Equity GP LLC, the general partner of Crestwood Equity Partners LP, effective on March 31, 2015. The company appointed Robert T. Halpin as Chief Financial Officer of the Company, effective upon the effective date of Mr. Campbell’s resignation. Mr. Halpin previously served as the Company’s Vice President—Finance since January 2013 and as the Company’s Vice President—Business Development from January 2012 to January 2013. Prior to joining the Company, from July 2009 to January 2012, Mr. Halpin was an Associate at First Reserve, and from July 2007 to June 2009, Mr. Halpin was an investment banker in the Global Natural Resources Group at Lehman Brothers and subsequently, Barclays Capital following its acquisition of Lehman Brothers’ Investment Banking Division in September 2008.

West Marine, Inc. (NASDAQ: WMAR) announced that it has accepted the resignation of Thomas R. Moran from his position as Executive Vice President, Chief Financial Officer and Assistant Secretary. The company appointed Deborah Ajeska, West Marine’s Divisional Vice President and Controller, as the company’s Principal Financial Officer. In this new capacity, Ms. Ajeska will perform Mr. Moran’s duties until a new CFO is appointed. Ms. Ajeska, a 15 year veteran of the finance team, joined the company in May of 1999 as its Director of Financial Planning & Analysis, was promoted to Assistant Vice President of Financial Planning & Analysis in 2007, then to Assistant Vice President-Operations, Controller in 2008 and finally to her current position in late 2010.

Armune BioScience, Inc. announced the appointment of Susan J. Crookston to the position of Chief Financial Officer (CFO). Susan replaces Jim Johnson, the outgoing CFO. Susan has more than 20 years of experience in various financial and human resource roles within the life sciences market, including senior and management team experience at two start-up companies – Afmedica and most recently with CeeTox, Inc. Sue also worked for Apjohn Ventures as the Finance Director. Prior to working for start-ups, Sue held various financial leadership and analyst roles in The Upjohn Company, Pharmacia & Upjohn and Pfizer.

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

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Vendredi 30 Janvier 2015
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