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

USA | CFO Moves – week ending September 30, 2016

Tracking CFO Movement Across Canada.

Citizens Financial Group, Inc. [PROVIDENCE, R.I.] (NYSE: CFG) announced that Chief Financial Officer Eric Aboaf is departing to become CFO of State Street Corporation. Aboaf has been CFO since April 2015. Former Citizens Financial Group CFO John Fawcett, who retired in April 2015 after the Citizens initial public offering, will come out of retirement and serve as interim CFO, subject to regulatory approval, post Aboaf’s departure until a successor has been found.

State Street Corporation [BOSTON] (NYSE: STT) announced that Eric Aboaf will join State Street as executive vice president and a member of its Management Committee. Aboaf will succeed Mike Bell as chief financial officer in March 2017. Aboaf joins State Street from Citizens Financial Group where he was CFO. Prior to this role he was with Citigroup for 12 years, most recently as global treasurer. Prior to that, he was CFO of Citigroup’s institutional client group.

American Eagle Outfitters [PITTSBURGH] (NYSE: AEO) announced that Bob Madore has been appointed Executive Vice President and Chief Financial Officer. Bob Madore served as the Chief Financial Officer of Ralph Lauren Corporation from April 2015 to September 2016. Prior to that role, he held a number of key financial and operational roles at the Ralph Lauren Corporation, including Senior Vice President of Corporate Finance from December 2010 to March 2015, and Senior Vice President of Operations and Chief Financial Officer of its retail division from 2004 to December 2010. Before joining Ralph Lauren, Bob was Chief Financial Officer for New York & Company from 2003 to 2004, and served as Chief Operating Officer and Chief Financial Officer of FutureBrand, from 2001 to 2003. Before that, he held various executive management positions at Nine West Group, Inc. from 1995 through 2000. Bob began his career in 1987 at Deloitte & Touche until 1995.

Progress [BEDFORD, Mass.] (NASDAQ: PRGS) announced the appointment of Kurt J. Abkemeier as its new chief financial officer. Abkemeier succeeds Chris E. Perkins. Prior to joining Progress, from January 2014 to September 2016, Abkemeier served as Chief Financial Officer and Executive Vice President of Inteliquent, Inc. Previously, Abkemeier served as the Vice President of Finance and Treasurer of Cbeyond, Inc. from 2005 to 2012. Abkemeier has also held various senior management positions within telecommunications-related companies and was a senior sell-side research analyst at J.P. Morgan & Co.

Falling Colors Technology [SANTA FE, N.M.] announced that Leon David Lopez has been named the company’s Chief Financial Officer. Lopez joined the firm of Waddell & Reed, Inc., as a Financial Advisor. In 2009, Lopez accepted a position as a Financial Advisor and Insurance Agent with New York Life. In 2010, Lopez took a position with the Christus St Vincent Sobering Center/Care Connection, then one with the Christus St Vincent Department of Community Health. Following his work with Christus St Vincent, Leon Lopez worked for the State of New Mexico Behavioral Health Services Division (BHSD) as their Quality Improvement Manager. In 2014, Lopez was promoted to Deputy Director of Finance and Contracts, as well as Chief Financial Officer of the Behavioral Health Collaborative.

SolarCity Corporation [SAN MATEO, Calif,] (NASDAQ: SCTY) announced that it has promoted Executive Vice President of Global Capital Markets Radford Small to the role of Chief Financial Officer. He replaces President Tanguy Serra, who will be leaving the company. Mr. Small originally joined SolarCity from Goldman, Sachs & Co. where he was a Managing Director and Chief Operating Officer for the Clean Technology and Renewables group.

David Faugno
Beepi, Inc. [MOUNTAIN VIEW, Calif.] announced it hired David Faugno as its chief financial officer. Faugno joins Beepi from Barracuda Networks where he led as CFO for a decade.

WebMD Health Corp. [NEW YORK] (NASDAQ: WBMD) announced that the Board of Directors has appointed Blake DeSimone, its Senior Vice President of Finance, as its Chief Financial Officer.  Mr. DeSimone succeeds Peter Anevski who is leaving the Company. Mr. DeSimone joined WebMD as its Senior Vice President of Finance in June 2015. Prior to joining WebMD, Mr. DeSimone was Chief Financial Officer of D+M Holdings. Prior to that, he was President and CFO of Advogent Group, Inc. He also served in other executive roles at Cardinal Health and Boron Lepore & Associates, Inc.  Mr. DeSimone started his career in Arthur Andersen’s Assurance Practice.

AgroFresh Solutions, Inc. [PHILADELPHIA] (NASDAQ: AGFS) announced that chief financial officer Margo Loebl will be leaving the company to pursue other professional interests.  She will be replaced by Katherine Harper. Most recently, Ms. Harper was the CFO of Tronox. Prior to joining Tronox, she served as a Product Group Chief Financial and Business Development Officer within the Rio Tinto Group.  Her early career spanned financial positions of increasing responsibility for such organizations as Gulbrandsen Group, General Chemical Corporation, Security Bureau and Westinghouse Electric Corporation.

Drew Industries Incorporated [ELKHART, Ind.] (NYSE: DW) announced that David M. Smith, Chief Financial Officer, will be leaving the Company to pursue other opportunities.  Mr. Smith joined the Company as Chief Financial Officer in September 2015.  The Company also announced that it has named Brian Hall as interim Chief Financial Officer.  Mr. Hall will serve in this role until the Board elects Mr. Smith’s replacement.  Mr. Hall joined the Company in March 2013, and has served as Corporate Controller since June 2013.  Prior to joining the Company, he spent more than 16 years in public accounting, most recently as a Senior Manager at Crowe Horwath LLP.

Nebraska Book Holdings, Inc. [LINCOLN, Neb.] (OTC PINK: NEEB) welcomed Jay Amond as chief financial officer. Amond was recently senior vice president and chief financial officer with Follett Higher Education Group, Inc. for almost 9 years. In addition, Amond spent many years in the retail sector in various financial executive roles.

ALLETE [DULUTH, Minn.] (NYSE: ALE) announced the retirement of Chief Financial Officer Steve DeVinck. DeVinck will remain at the company until spring 2017. DeVinck joined ALLETE in 1997 after fourteen years with the U.S. operations of Enbridge, Inc. where he held the position of chief accountant. He was promoted to assistant controller in 1999, named director, non-utility business development in 2004, and served as ALLETE controller from 2006 to 2013 before assuming the CFO role.

Sentry Data Systems [DEERFIELD BEACH, Fla.] announced Tom Tran as the organization’s Chief Financial Officer and Chief Operating Officer. Tran has been with Sentry since May 2016, recently accepted the position of CFO and COO. Prior to Sentry, Tran served for more than six years as CFO of WellCare Health Plans. Prior to that, Tran was president, COO and CFO of CareGuide, Inc. He also served as CFO of Uniprise, Inc. Tran has also served as CFO of ConnectiCare, Inc., as well as Blue Cross Blue Shield of Massachusetts, and as Vice President of Finance and Controller for CIGNA HealthCare.

MapAnything, Inc. [CHARLOTTE, N.C.] announced Chris Rosbrook has joined as Chief Financial Officer. Previously, he was Managing Director at Piper Jaffray Companies. Prior to that, he spent nine years at Edgeview Partners. Rosbrook started his career with a computer-aided-engineering software startup.

Williams Companies, Inc. [TULSA, Okla.] (NYSE: WMB) announced that Peter Ragauss, former Chief Financial Officer of Baker Hughes and current Board director at Apache Corporation, have been appointed to the Williams Board of Directors. Mr. Ragauss retired from Baker Hughes in November 2014 after serving eight years as Senior Vice President and Chief Financial Officer. He joined the Board of Directors of Apache Corporation in December 2014. From 2003 to 2006, prior to joining Baker Hughes, Mr. Ragauss was controller, Refining and Marketing, for BP Plc. From 2000 to 2003, he was chief executive officer for Air BP. From 1998 to 2000, he was assistant to group chief executive for BP Amoco. Earlier in his career, from 1996 to 1998, Mr. Ragauss served as vice president of Finance for El Paso Energy International. He held positions of increasing responsibility at Tenneco Inc. from 1993 to 1996, and Kidder, Peabody & Co. Incorporated from 1987 to 1993.

Alliant Energy Corporation [MADISON, Wis.] (NYSE: LNT) announced that Senior Vice President and Chief Financial Officer Tom Hanson will retire from the company. Alliant Energy has named Robert Durian as Vice President, Chief Financial Officer and Treasurer. Robert has been with the company since 1992 and has held a variety of leadership roles. He was named Controller in 2010, Chief Accounting Officer in 2011 and Vice President in 2015. He was named Treasurer earlier this year.

TechTarget, Inc. [NEWTON, Mass.] (NASDAQ: TTGT) announced that Chief Financial Officer and Treasurer, Janice O’Reilly has resigned. She will remain with the Company until December 31, 2016 to assist with the recruitment and transition to a new Chief Financial Officer. O’Reilly has been with TechTarget since June 2011.
Pacific Life Insurance Company [NEWPORT BEACH, Calif.] announced that Adrian Griggs, currently executive vice president and chief financial officer has been appointed chief operating officer. Darryl Button will join

Pacific Life from Aegon N.V. to serve as chief financial officer. Mr. Button has been with Aegon N.V. since 1999, serving in an executive role for the past 11 years, including as CFO and a member of the executive board.

Sovrn [BOULDER, Colo.] announced the addition of Tim Connor to its Board of Directors. Tim is currently the CFO of Code42. Immediately prior to joining Code42, Tim was CFO at Datalogix.

Unified Grocers, Inc. [LOS ANGELES] announced that Executive Vice President, Chief Financial Officer Michael F. Henn is retiring. Christine Neal will be promoted to the position of Executive Vice President, Chief Financial Officer and Treasurer. Neal joined Unified in 2003, and in her previous roles she was responsible for Finance, Treasury, Strategic Planning and Human Resources. Prior to the joining the Company, Neal served for several years as a financial consultant to Unified. She also served as Chief Financial Officer for the California Restaurant Association, and was Controller for Gelson’s Markets. Neal began her career at the Cincinnati office of Arthur Young & Company, where she worked for eight years as an accountant and audit manager.

Gladstone Commercial Corporation [McLean, VA] (NASDAQ: GOOD) reported that Danielle Jones, has resigned her position as Chief Financial Officer.

International Speedway Corporation [DAYTONA BEACH, Fla.] (NASDAQ: ISCA) announced that Executive Vice President, Chief Financial Officer and Treasurer Daniel W. Houser will retire.  Mr. Houser will be succeeded by Gregory S. Motto.  Mr. Motto currently serves as the Company’s Vice President, Finance and Accounting and Controller. Mr. Motto has been with ISC since 2000. He was promoted to Vice President in April 2015 and has served as Controller for the Company since 2008.  During his time with ISC, Motto has served in a number of roles of increasing responsibility within the finance and accounting functions including Financial Analyst, Assistant Controller and Director of Strategic Planning.

PayNearMe Inc. [SUNNYVALE, CA] appointed Kristina Campbell as its Chief Financial Officer. Prior to joining PayNearMe Inc., Campbell served as the General Manager of GoBank.

Sonendo Inc. [LAGUNA HILLS, Calif.] announced the appointment of John (Jack) Glenn as Chief Financial Officer. Before joining Sonendo, Glenn most recently served as Chief Financial Officer of Armetheon Corporation. Prior to this, Glenn served as Chief Financial Officer of Solta Medical. Previously Glenn served as Chief Financial Officer at Cholestech, and also served as Chief Financial Officer at Invivo Corporation.

EPIC Fuels [IRVING, TX] announced the appointment of Marla Beckham as the company’s new Chief Financial Officer. Beckham joins EPIC Fuels from Atlantic Aviation. Prior to her tenure at the FBO network, Marla worked in the oil, gas and power industries in various finance positions at TXU Energy and Shell Trading North America Gas & Power. Marla also worked for accounting firm Deloitte & Touche.

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