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USA | CFO Moves – week ending July 11, 2014


Tracking CFO movement across the USA.



Baxter International Inc. (NYSE: BAX) announced that upon completion of the tax-free distribution of the company’s biopharmaceuticals business, Robert J. Hombach, currently chief financial officer for Baxter International Inc., will be appointed chief financial officer and will assume additional operational responsibilities for the independent biopharmaceuticals company. James K. Saccaro will rejoin Baxter August 4, 2014, and will assume the role of chief financial officer of Baxter International Inc., following completion of the transaction in 2015. Hombach joined Baxter in 1989 and has served in a number of finance positions with increasing responsibility in financial planning, manufacturing, operations and treasury. Prior to assuming his current role in 2010, he served as corporate vice president and treasurer. Hombach also served as vice president of finance, Europe, and vice president of corporate planning, where he led several enterprise-wide initiatives and served as a member of the Baxter strategy team. Saccaro joined Baxter in 2002 and held a number of positions of increasing responsibility in both finance and operations for the company’s Medical Products and BioScience businesses. He was elected corporate vice president and treasurer in 2011. Saccaro rejoins Baxter from Hill-Rom Corporation, where he served as senior vice president and chief financial officer. Prior to joining Baxter, Saccaro started his career with the Walt Disney Company in strategic planning.

Hill-Rom Holdings, Inc. announced that Jay Saccaro, Chief Financial Officer of the Corporation, informed the Corporation that he was resigning to accept a position with his previous employer, Baxter International, as CFO-designate of the post-spin-off company. Mr. Saccaro ceased to be the principal financial officer of the Corporation. Michael Macek, the Vice President and Treasurer of the Corporation, assumed the additional duties of Interim Chief Financial Officer and become the principal financial officer of the Corporation pending the search for Mr. Saccaro’s replacement. Mr. Macek was elected Treasurer in March 2011. Prior to such date, he held the position of Executive Director, Treasury for Hill-Rom since 2008, and a series of financial positions with Hill-Rom since 2005. He also served as the Corporation’s Interim Chief Financial Officer from July 2013 through December 2013.

LLOG Exploration Co., L.L.C. announced it has named Philip S. LeJeune as its Chief Financial Officer to replace John Newman who retired after serving as LLOG’s CFO for the last eleven years. Most recently, he held the position of Vice President, Planning & Budgeting at LLOG. During his seventeen years with LLOG, LeJeune has held various positions of increasing responsibility in the marketing, production accounting, A&D, planning and finance departments.

Cornerstone OnDemand Inc. (NASDAQ: CSOD) announced that Kristina Salen, chief financial officer of online marketplace Etsy, has been elected to Cornerstone OnDemand’s board of directors. Salen has served as chief financial officer of Etsy, an online marketplace, since January 2013. From January 2006 to January 2013, Salen served in several roles at Fidelity Investments.

Healthx announced the appointment of Kathy Kinder as Healthx Chief Financial Officer. Ms. Kinder was the chief financial officer and senior vice president for Consona Corporation, now Aptean.

PAR Technology Corporation (NYSE: PAR) announced that John S. Barsanti has been appointed to the Company’s Board of Directors. Mr. Barsanti is currently Chief Operating Officer for the Roman Catholic Diocese of Syracuse New York. Prior to that Mr. Barsanti held the roles of President of Crane Merchandising Systems, a business segment of Crane Co., and also was Chief Financial Officer of Carlisle Companies Incorporated. During his professional career Mr. Barsanti also held additional positions within Carrier Corporation, in investment management and as a business entrepreneur. Additionally, Mr. Barsanti, who qualifies as a financial expert, was named Chairman of the Audit Committee of PAR’s Board, and will be the presiding director of non-management and independent directors. Mr. Barsanti will also serve as a member of the Nominating/Corporate Governance Committee and as a member of the Company’s Compensation Committee.

Compass Minerals (NYSE: CMP) announced today that Rodney Underdown, Chief Financial Officer, will depart the company on December 31, 2014, to pursue other professional interests.

Leucadia National Corporation (NYSE: LUK) announced that, effective September 1, 2014, Teresa S. Gendron will become Leucadia’s Chief Financial Officer, succeeding Joseph A. Orlando, who is retiring then for health reasons. Ms. Gendron was most recently the Vice President and Controller of Gannett Co., Inc., in which role she was Gannett’s Chief Accounting Officer from 2011. Previously, Ms. Gendron held the same position of Vice President and Controller at NII Holdings, Inc., which she joined as its Finance Director in 1998. Ms. Gendron began her career in accounting at KPMG LLC, which she joined in 1991.

ContraVir Pharmaceuticals, Inc. (OTC: CTRV) announced that William Hornung has joined the Company as its Chief Financial Officer. Prior to becoming CFO at ContraVir, Mr. Hornung held positions of increasing responsibility with PTC Therapeutics Inc., most recently serving as Vice President of Finance. Mr. Hornung also held positions of increasing responsibility with Elan Pharmaceuticals (formerly The Liposome Company) from 1998 through 2002.

Inland American Lodging Group, Inc. (IALG), a wholly owned subsidiary of Inland American Real Estate Trust, Inc., announced that Andrew J. Welch has joined the company as executive vice president and chief financial officer. Previously, Mr. Welch was employed by FelCor Lodging Trust from 1998 through 2013, including as its executive vice president and chief financial officer from 2006 to 2013. Prior to joining FelCor, he served as vice president and treasurer of Bristol Hotel Company from 1997 to 1998. Mr. Welch has also held investment banking positions with Bank of America, N.A. and Citibank, N.A.

Gill Holding Company, Inc. announced that J. Timothy Gargaro has joined the company as its Chief Financial Officer. Most recently, Tim was Chief Financial Officer of Constellation Enterprises, LLC. Tim began his global career at Lear Corporation, holding several senior positions in finance. From there he served as Chief Financial Officer of Delco Remy International. Tim had CFO stints at JL French Automotive, Exide Technologies and Oxford Automotive, Inc.

Smartling announced the appointment of Adi Dehejia as chief financial officer (CFO). Prior to joining Smartling, Dehejia was the CFO for Rhapsody International Inc. Before Rhapsody, Dehejia was a managing director at private equity investment firm Sandler Capital Management. He has also held leadership positions at AirTouch Communications Inc., Hellman & Friedman and Dillon Read & Co.

Capnia, Inc. announced the appointment of David O’Toole as Chief Financial Officer. Prior to joining Capnia, Mr. O’Toole served as Chief Financial Officer at Codexis, Inc. from 2012 to 2014, Response Genetics, Inc. from 2010 to 2012, and Abraxis BioScience, Inc. from 2008 to 2009. Prior to his Chief Financial Officer experience, David spent 16 years with the accounting firm of Deloitte & Touche LLP, including 12 years as a partner.

CommonWealth REIT (NYSE: CWH) announced the appointment of Adam Markman as CommonWealth REIT’s Executive Vice President, Chief Financial Officer and Treasurer. Mr. Markman served as Managing Director of Green Street Advisors, Inc., where he worked from 1994 to 2014. Mr. Markman has also served as a real estate consultant at Kenneth Leventhal & Co. Mr. Markman was a member of Green Street’s Board of Directors, and currently sits on Mark IV Capital’s Board of Directors and the Executive Committee of U.C. Irvine’s Center for Real Estate.

American Realty Capital Global Trust, Inc. announced that Patrick J. Goulding has been named Chief Financial Officer to succeed Nicholas Radesca. Mr. Goulding joins ARC Global from Morgan Stanley, where he most recently served as a managing director and global head of portfolio management for Morgan Stanley’s real estate platform. Prior to joining Morgan Stanley in 2010, Mr. Goulding served as managing director at Strategic Value Partners.

PCCI announced the appointment of Jarred Mayrosh as Executive Vice President and Chief Financial Officer. Mr. Mayrosh joins PCCI from ORIX Americas. He held prior positions at ORIX as head of alternative investments in ORIX Capital Markets and global investments in ORIX Real Estate Capital. He most recently served as Managing Director in corporate development. Prior to ORIX, Mr. Mayrosh worked at Lehman Brothers in the investment banking group focused on M&A and corporate finance in the technology and industrial sectors.

Fiksu announced it has hired Ken Goldman to be the company’s first Chief Financial Officer. Ken joins Fiksu from Black Duck Software. Goldman was SVP and CFO at Salary.com from 2006 through 2008. Earlier in his career, Goldman held executive positions as Chief Financial Officer at Lodestar Corporation, Student Advantage, MediaMap, Shoplink.com, Liberty International Holdings, and Goldweitz & Company.

Saia, Inc. (NASDAQ: SAIA) announced that Vice President of Finance and Chief Financial Officer (CFO) James Darby plans to retire after a distinguished career spanning more than 30 years, including the past 14 years with Saia.

Essence announced the hiring of Joseph Tomasulo as its global chief financial officer, and the promotion of Mark Nancarrow to global chief operating officer. Previously, Tomasulo was the global CFO for the digital agencies within Publicis Groupe, including DigitasLBi and Razorfish. Nancarrow joined Essence as CFO in 2010 and, in 2013, took on additional duties as COO. With more than 30 years of experience, Nancarrow has worked at myriad companies, including HSBC, where he ran its credit card business in the United Kingdom, and Egg, of which he was the CEO.

Arch Therapeutics, Inc. (OTC: ARTH) has appointed Richard Davis as Chief Financial Officer and Treasurer. Mr. Davis, who has worked as a consultant at Arch since April. The Company’s current Chief Financial Officer and Treasurer, Alan Barber, has resigned from his position and has become an advisor to the Company. Most recently, Mr. Davis has been an advisor to small and mid-size companies assisting them in their accounting, financial reporting, investor and banking needs. Prior to that, he was President, Chief Operating Officer and Chief Financial Officer at NMT Medical, Inc. Prior to that, he was Vice President and Chief Financial Officer at Q-Peak, Inc. Earlier, he worked in a variety of senior level positions at the Coleman Company, The TJX Companies, Inc. and Wang Laboratories.

Gulfport Energy Corporation (NASDAQ: GPOR) announced that Aaron Gaydosik has been appointed to serve as Chief Financial Officer. Most recently, Mr. Gaydosik served as Vice President of Finance at Kodiak Oil & Gas Corp. Prior to joining Kodiak, Mr. Gaydosik served as a Director in the Oil and Gas Group at Credit Suisse. His prior investment banking experience also includes two years in the energy group at Wachovia Securities.

DomiKnow (OTC: DMNO) announced the hiring of Mark White as CFO. Prior to joining DomiKnow, Mr. White was involved in a number of technology, alternative energy, and consumer goods companies including: President of Glen Arbor, Inc., President of Clean America Energy, Inc., Executive Vice President of Sales and Marketing at Hirsh Industries, and Vice President of Sales and Marketing at Design House.

Global Eagle Entertainment (NASDAQ: ENT) announced that it has appointed Dave Davis as Chief Executive Officer and member of the Board of Directors. A veteran of Northwest Airlines and US Airways, Davis was previously the Chief Financial Officer and Chief Operating Officer of Global Eagle Entertainment (GEE). Before his appointment as CEO, Davis served as GEE’s Chief Operating Officer since January 2014, Chief Financial Officer since January 2013, and a board member of Row 44 since 2011. Davis spent a total of nearly nine years at Northwest Airlines, ultimately as EVP and Chief Financial Officer. Other positions held by Davis have included Senior Managing Director of Perseus LLC, Partner and Co-Founder of Bearpath Capital LLC and Chief Financial Officer of Kraton Polymers and US Airways. Davis will continue to serve as Chief Financial Officer until after the filing of GEE’s Quarterly Report on Form 10-Q for the second quarter, at which time Mike Zemetra, currently SVP Finance and Chief Accounting Officer, will be appointed acting CFO.

Home Federal Bancorp, Inc. of Louisiana (the “Company”) (NASDAQ: HFBL) the holding company for Home Federal Bank (“Home Federal” or “HFB”), announced the appointment of Glen Brown as Senior Vice President and Chief Financial Officer of the Company and Home Federal. Most recently, he served 17 years as Vice President and Controller for Teche Federal Bank in New Iberia, Louisiana, the wholly owned subsidiary of Teche Holding Company. Prior to joining Teche, Mr. Brown spent 19 years in various accounting and finance roles with First Federal Bank in Lake Charles, Louisiana. As part of the on-going transition plan reported in December 2012, the Company’s long-time Executive Vice President and CFO, Clyde Patterson will assist Mr. Brown in the transition and continue as Treasurer of the Company until retirement which is targeted for December 31, 2017.

OFS Capital Corporation (NASDAQ: OFS) announced that Jeffrey Cerny has been appointed as Chief Financial Officer and Treasurer. Mr. Cerny has served as a member of the Investment Committee of the external advisor since 2010 and replaces Robert Palmer, who has resigned from his positions as Chief Financial Officer and Treasurer. Mr. Cerny joined OFS Management in 1999 and has been part of its leadership group since 2000. He has been actively involved in the investing and corporate activities of the firm. Prior to that, Mr. Cerny held various positions at Sanwa Business Credit Corporation, American National Bank and Trust Company of Chicago and Charter Bank Group, a multi-bank holding company.

Cosi, Inc. (NASDAQ: COSI) announced that it has hired Scott Carlock as Chief Financial Officer. Carlock joins Cosi from quick-service restaurant leader Yum! Brands, Inc. where he has been employed for the past 13 years. He has held several senior finance and accounting roles with Yum! Brands, including Senior Manager of Finance for KFC US, Business Unit Controller and Senior Manager of KFC and Long John Silver, Associate Manager of SEC Reporting, and most recently, Tax Controller and Director. Carlock will replace Bill Koziel, Cosi’s current CFO. Prior to joining Yum! Brands, Inc., Mr. Carlock served as Corporate Controller of PrintCafe, Inc. From October 1993 to November 2000, Mr. Carlock served in several finance and accounting roles with Mellon Financial Corporation, most recently as Vice President Controller of its eCommerce Group. From September 1990 to October 1993, Mr. Carlock served as an auditor for KPMG, LLP.

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

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Vendredi 18 Juillet 2014
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