Corporate Finance, DeFi, Blockchain, Web3 News
Corporate Finance, DeFi, Blockchain News

USA | CFO Moves – week ending March 31, 2017

Tracking CFO Movement Across Canada.

Silver Spring Networks, Inc. [SAN JOSE, Calif.] (NYSE: SSNI) announced that Catriona Fallon has joined the company as Chief Financial Officer. Fallon joins Silver Spring from Marin Software, where she was Executive Vice President and CFO. Prior to Marin Software, Fallon held strategic financial roles for Cognizant and Hewlett-Packard Company. Previously, Fallon was a research analyst for Citigroup Investment Research and Piper Jaffray & Company.

Ominto, Inc. [BOCA RATON, Fla.] (NASDAQ: OMNT) announced that Raoul Quijada has been promoted to Chief Financial Officer from Interim Chief Financial Officer. Mr. Quijada joined the company in June 2016. Immediately prior to joining the company, Mr. Quijada worked at Afligo Marketing Services, Inc., where he served as Senior VP of Finance and Operations. From 2005 through 2007, Mr. Quijada was the Senior Director of Finance at Newell Rubbermaid, the Director of Strategic Planning & Analysis from 2003 to 2005, and the Director of Finance-LAC Division from 1998 to 2003. Mr. Quijada started his career at Price Waterhouse Coopers LLP.

The Crosby Group [TULSA, Okla.] announced the hiring of Laura Murphy-Wolf as Vice President and Chief Financial Officer. Ms. Murphy-Wolf was most recently the CFO of Faro Technologies. Prior to that, she spent six years in a variety of increasingly senior financial positions at Stericycle, Inc., serving ultimately as the Vice President Finance / CFO of Healthcare Compliance Solutions. Prior to her time at Stericycle, Ms. Murphy-Wolf was the Vice President and Chief Financial Officer of Philips Lighting Electronics, North America. Early in her career, Laura spent 15 years in a variety of senior financial roles at Ford Motor Company in the United States and internationally.

Oconee Federal Financial Corp. [SENECA, S.C.] (NASDAQ: OFED) announced that John W. Hobbs has been appointed to the positions of Senior Vice President and Chief Financial Officer of Oconee and Oconee Federal. Mr. Hobbs previously served as the Chief Financial Officer of Greer Bancshares, where he worked beginning in 2011. Mr. Hobbs has served as the Chief Financial Officer for multiple financial institutions and their holding companies located in South Carolina as part of a career that has included nearly 30 years in the banking industry.

Clune Construction [CHICAGO] announced that Tom Nickele has been named as Managing Director, Chief Financial Officer. Nickele has more than 20 years of experience as a Chief Financial Officer and oversees the Accounting/Finance, Human Resources and IT areas for the Company.

Marsh & McLennan Companies, Inc. [NEW YORK] (NYSE: MMC) announced that Keith Walsh has been appointed Chief Financial Officer of the Company’s Risk and Insurance Services (RIS) segment, which includes Marsh and Guy Carpenter. In this role, Mr. Walsh will also serve as Chief Financial Officer of Marsh. Mr. Walsh succeeds Courtney Leimkuhler, who is leaving the Company to pursue an opportunity outside the industry. Ms. Leimkuhler joined MMC in 2013. Since 2012, Mr. Walsh has been MMC’s Global Head of Investor Relations. Prior to joining MMC, Mr. Walsh spent 13 years as an equity research analyst at Citi. He began his career as a research associate at Smith Barney, then a unit of Citigroup.

Intermedix [NASHVILLE, TENN.] announced the appointment of Kyle Wailes as chief financial officer. Wailes started his tenure at Intermedix in 2012 as vice president of strategy, business development and analytics. Prior to his appointment as CFO, Wailes was an executive vice president at Intermedix. Wailes has more than 10 years of experience in the health care industry working at many noteworthy private and public companies such as Thomas Weisel Partners, Altaris Capital Partners and Citigroup. Before joining Intermedix, Wailes was a key member in the health care investment banking division at Citigroup.

PHH Corporation [MOUNT LAUREL, N.J.] (NYSE: PHH) announced that Michael Bogansky, who previously served as Senior Vice President, Controller, has been appointed Chief Financial Officer. He replaces Robert Crowl, who has served as the Company’s Chief Financial Officer since 2012, and has been appointed Chief Operating Officer. Michael Bogansky has served as Senior Vice President and Principal Accounting Officer of PHH since 2014. Mr. Bogansky joined PHH in 2003 as Manager of Financial Reporting and has held roles of increasing responsibility in the accounting and finance functions, including serving as Vice President, Financial Reporting of PHH Mortgage from 2009 to 2010 and serving as the Company’s Vice President and Assistant Controller from 2010 to 2012 and as the Company’s Vice President and Controller since 2012. Prior to joining PHH in 2003, he served as a Senior Auditor with Deloitte & Touche LLP.

Intermolecular, Inc. [SAN JOSE, Calif.] (NASDAQ: IMI) announced that Bill Roeschlein, currently Vice President of Finance and Corporate Controller, has been named Chief Financial Officer following the retirement of Rick Neely. Bill Roeschlein has served as IMI Vice President of Finance since August 2015. Prior to joining IMI, he was CFO at Aurora Algae, Power Integrations and Determine Software, Inc. He also held senior financial management positions at Ultra Clean Technology, Asyst Technologies and Hewlett Packard.

Progress [BEDFORD, Mass.] (NASDAQ: PRGS) announced that Paul Jalbert, chief accounting officer, has been named chief financial officer. Jalbert replaces Kurt Abkemeier, who will leave the company. Jalbert has been chief accounting officer since joining the company in August 2012. Jalbert has experience from companies, including UnitedHealth Group, Picis, Keane, Genuity and Verizon.

World Finer Foods [BLOOMFIELD, N.J.] has chosen William Flynn as its Chief Financial Officer. Flynn joins World Finer Foods after 12 years at Sharp Americas, first as vice president and controller, and for the last seven years as senior vice president and chief financial officer. Prior to Sharp, Flynn was international controller at AT&T.

InVivo Therapeutics Holdings Corp. [CAMBRIDGE, Mass.] announced the appointment of Christopher McNulty as Chief Financial Officer. He will be taking over for the interim CFO, Melanie Morel-Ferris, who will remain as the company’s Senior Director, Finance and Controller. Prior to being appointed Chief Financial Officer, Mr. McNulty served at InVivo as Senior Vice President, Business Development and Investor Relations. Prior to joining InVivo, Mr. McNulty served as Senior Director, Business Development of Repligen Corporation. Previously, he served as Director, Corporate Development at Seventh Sense Biosystems.

Account Control Technology Holdings, Inc. [WOODLAND HILLS, CALIFORNIA] announced the hire of Maureen Burke as Chief Financial Officer (CFO). Before joining ACT Holdings, Burke held CFO and major financial project management positions at large global companies, including Tatum (a Randstad company), Wilsonart, LLC, Gap, Inc., Sears Holdings Corporation, and Renessen LLC. She also served as Vice President of Finance for Monsanto/NutraSweet. Burke has also worked within Merrill Lynch.

BECU [SEATTLE] announced that Melba Bartels will join the company as chief financial officer. Bartels currently serves as CFO and senior executive vice president at HomeStreet Bank. Before HomeStreet Bank, Bartels spent six years at JPMorgan Chase, serving as CFO of the Auto Finance and Student Lending Division, and senior vice president and finance director for the Auto Finance Division. She held numerous financial leadership positions during 20 years of service at Washington Mutual Bank. Additionally, she spent two years at Ragen Mackenzie Group, Inc., where she served as a sell side equity analyst.

HomeStreet, Inc. [SEATTLE] (NASDAQ: HMST) announced that Melba Bartels, Senior Executive Vice President and Chief Financial Officer, has given notice that she will be leaving the Company to pursue another opportunity in the industry.

Jernigan Capital, Inc. [MEMPHIS, Tenn.] (NYSE: JCAP) announced the promotion of Kelly P. Luttrell to Senior Vice President, Chief Financial Officer and Treasurer. Ms. Luttrell will also serve as Senior Vice President, Chief Financial Officer and Treasurer of the Company’s advisor. Ms. Luttrell succeeds William C. Drummond, who will retire from the Company. Ms. Luttrell served as the Company’s Corporate Controller since September 2015 and added the title Vice President of Financial Reporting in July 2016. Prior to joining the Company, Ms. Luttrell served as Controller and Finance Director of MicroPort Orthopedics, Inc. Prior to joining MicroPort, Ms. Luttrell was in the audit practice at Ernst & Young for 11 years.

Compass Minerals [OVERLAND PARK, Kan.] (NYSE: CMP) announced the appointment of Patrick “Doug” Linehan as the company’s chief financial officer. Linehan joins Compass Minerals having spent the last 17 years at ConAgra Foods, Inc. where he held a variety of finance and accounting leadership positions of increasing responsibility. He most recently served as senior vice president, finance of ConAgra’s consumer brands business. Prior to this role, he served as senior vice president, corporate controller. Linehan began his career at Deloitte LLP in the firm’s accounting and auditing practice.

Asana Partners [CHARLOTTE, N.C.] announced Micah Holton has joined the company as Chief Financial Officer. Holton previously was Senior Vice President and Chief Accounting Officer of MAA. Holton previously worked with Ernst & Young LLP.

Itron, Inc. [LIBERTY LAKE, Wash.] (NASDAQ: ITRI) announced that Mark Schmitz, the company’s executive vice president and chief financial officer (CFO) since September 2014, will be stepping down from the position. The company has engaged a firm to conduct an external search for qualified candidates to fill the position. During the transition, Robert Farrow, Itron’s current vice president, strategic planning and treasury, will serve as interim CFO of the company until the search for a permanent replacement is complete. Schmitz will remain available for one month to ensure a smooth transition during the first quarter accounting close. Farrow joined Itron in October 2015 with 35 years of finance and treasury experience. Before joining the company, he served as vice president, financial services and treasury and as corporate treasurer for Alghanim Industries, which he joined in June 2009. From 1994 to 2009, Farrow held positions of increasing responsibility in finance and treasury at General Electric, including CFO of GE Hydro.

USA Technologies, Inc. [MALVERN, Pa.] (NASDAQ: USAT) announced that Priyanka Singh has been appointed as the company’s new Chief Financial Officer. She replaces interim CFO, Leland P. Maxwell, who will continue with USAT in a senior finance role. Ms. Singh joins the company from Global Payments Inc. Following the acquisition by Global Payments of Heartland Payment Systems in 2016, Ms. Singh was Vice President, Product Strategy and Innovation and Division CFO for Heartland Commerce. Prior to the acquisition, she spent five years at Heartland Payment Systems, most recently as the Divisional CFO of the Heartland Commerce units and prior thereto as Vice President, Financial Planning and Analysis. Previous to that, she spent several years with General Electric in various leadership roles at both GE Capital and GE Healthcare.

Spok Holdings, Inc. [SPRINGFIELD, Va.] (NASDAQ: SPOK) announced that Michael W. Wallace has joined the Company as its new Chief Financial Officer (CFO). He will succeed Shawn E. Endsley in that position, who will assume the role of Chief Accounting Officer. Wallace joins Spok from Intermedix, where he was Executive Vice President and CFO since August 2013. Prior to that, he served as Senior Vice President and CFO of Radiology Corporation of America. Wallace has also served as an Assistant Chief Accountant in the Securities and Exchange Commission’s (SEC) Division of Enforcement and was a member of the Commission’s Financial Fraud Task Force in Washington, D.C. Prior to being at the SEC, Wallace served as CFO at Inktel Direct, Corp., CELLIT Technologies, Inc., and Kellstrom Industries, Inc. Before joining Kellstrom, Wallace worked at KPMG Peat Marwick, LLP in Miami for more than seven years.

Kansas City Life Insurance Company [KANSAS CITY, Mo.] announced that Tracy W. Knapp, Senior Vice President, Finance and a member of the Board of Directors, has notified the Chairman of his intent to leave the Company and resign from the Board. Mr. Knapp joined Kansas City Life in 1998. He was elected President and CEO of Generations Bank when it was chartered in July 2000 and served in that capacity until its sale in 2006. Mr. Knapp became Senior Vice President, Finance, and the Chief Financial Officer of Kansas City Life in 2002. He was elected to the Board of Directors that same year and has served on the Executive Committee.

Federal Signal Corporation [OAK BROOK, Ill.] (NYSE: FSS) announced that it has promoted Ian A. Hudson to the position of Interim Chief Financial Officer. Mr. Hudson succeeds Brian S. Cooper, CFO since May 2013, who has left the Company to pursue other opportunities. Mr. Cooper has entered into a consulting agreement with the Company and will work with Mr. Hudson to facilitate an orderly transition. Mr. Hudson has served as Vice President and Corporate Controller for the Company since August 2013, and will continue to serve in these capacities. From June 2012 to August 2013, Mr. Hudson served as Groupon Inc.’s Director of Accounting for Latin America and Asia Pacific and prior to that role, he worked at Ernst & Young LLP for 14 years. For several years there, he served as the Senior Audit Manager on the Company’s account.

Bridgevine Inc. [ATLANTA] announced John Pumpelly as its new Chief Financial Officer (CFO). Pumpelly joins Bridgevine from Stratix Corporation, where he served as their CFO. Throughout his career, Pumpelly held positions at key companies that gave him both a strategic and financial lens, including BellSouth, Cbeyond and the home security company, Protection One.

Edison Interactive [DENVER, CO] announced that Ron Singh will join as CFO. Prior to joining Edison Interactive, he served as Managing Director of Silicon Valley Bank.

Ballantyne Strong, Inc. [Omaha, Nebraska] appointed Lance V. Schulz as Senior Vice President, Chief Financial Officer and Treasurer of the Company. He replaces Ryan M. Burke, who will continue as Corporate Controller for the company. Mr. Schulz served as Managing Director, Accounting for TD Ameritrade Holding Corporation, where he managed accounting, corporate tax and external reporting functions, from 2007 to 2016. Prior to that, he served as Director, External Reporting, for TD Ameritrade Holding Corporation from 2000 to 2007. Mr. Schulz has served as a consultant for publicly-traded and privately-held companies on finance, technical accounting and SEC financial reporting matters since 2016. Prior to TD Ameritrade, he held positions with Werner Enterprises, Inc., including Director of Accounting from 1996 to 2000 and Manager of Financial Reporting from 1994 to 1996. From 1990 to 1994, he was a Senior Associate at Coopers & Lybrand (now known as PricewaterhouseCoopers).

USA Compression Partners, LP [Austin, TX] has appointed G. Tracy Owens as the Vice President of Finance and Chief Accounting Officer of the General Partner and designated Mr. Owens as the principal accounting officer of the Partnership. Prior to his appointment, Mr. Owens, served as Vice President and Chief Accounting Officer of Southcross Energy Partners GP, LLC, the general partner of Southcross Energy Partners, L.P. (“Southcross”) from August 2015 until December 2016. Before joining Southcross, Mr. Owens served as Controller for Alon USA Energy, Inc., since 2006. Prior to joining Alon, Mr. Owens served as Controller for Hunt Refining Company from 1996 until 2006 and as Senior Manager at KPMG LLP from 1986 until 1996.

Westmoreland Coal Company [Englewood, CO] (NASDAQ: WLB) announced that Gary Kohn has been promoted to Chief Financial Officer. Kohn has been serving as interim Chief Financial Officer since November 2016. Kohn joined Westmoreland in April 2016 and served as Vice President of Investor Relations and Treasurer until his promotion to Interim Chief Financial Officer in November 2016. Prior to joining Westmoreland, Kohn served in leadership roles in investor relations, treasury and finance at companies including First Data, Western Union, Ciber, and Intrepid Potash.

National Instruments Corporation [Austin, Texas] announced the appointment of Karen Rapp to serve as the Chief Financial Officer. Ms. Rapp joins NI from NXP Semiconductors N.V., where she served as Senior Vice President of Corporate Development since NXP’s acquisition of Freescale Semiconductor (“Freescale”) in December 2015. Ms. Rapp previously served in several positions at Freescale, including Vice President and Chief Information Officer from April 2013 to December 2015 and Director of Operations and Finance, Global Sales and Marketing from April 2010 to April 2013.

Calix, Inc. [PETALUMA, Calif.] (NYSE: CALX) announced that William Atkins, Executive Vice President and Chief Financial Officer, has given notice that he will be leaving the Company to pursue another opportunity in the industry.

EPAM Systems, Inc. [NEWTOWN, Pa.] (NYSE: EPAM) announced that Jason Peterson will join EPAM, and will succeed Anthony Conte as CFO. In his most recent role, Peterson was Vice President of Finance, M&A and Due Diligence. Prior to that, he was CFO of the Emerging Business Accelerator and led the Corporate Financial Planning and Analysis function at Cognizant. Prior to joining Cognizant, Peterson was the CFO for E&C Medical Intelligence, and before that, he served as Vice President of ATI Technologies. He previously held financial roles at Philips Semiconductors and Hewlett-Packard.

Glen Burnie Bancorp [GLEN BURNIE, Md.] (NASDAQ: GLBZ) announced the appointment of Jeffrey D. Harris as Senior Vice President, Chief Financial Officer and Treasurer of the Bank; and Treasurer and Chief Financial Officer of the Bancorp.

Samuel Dergel - The CFO Expert.
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