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USA: CFO Moves – week ending November 2, 2012

Tracking CFO movement across the USA. CFO Moves this week include:

Automatic Data Processing, Inc. (ADP) (NASDAQ: ADP) announced that Jan Siegmund, ADP’s Chief Strategy Officer and President, Added Value Services, has been appointed Chief Financial Officer. He succeeds Chris Reidy, who has served as CFO since 2006. Mr. Siegmund joined ADP in 1999 as Vice President of Corporate Strategy and has held increasingly senior executive leadership positions since that time. Most recently, he served as both Chief Strategy Officer. Prior to these roles, Mr. Siegmund served as ADP’s Corporate Vice President, Strategic Development from 2004 to 2007 and as Senior Vice President of Strategic Development, Brokerage Services at ADP’s Brokerage Services Group from 2000 to 2004. Prior to ADP, Mr. Siegmund spent six years at McKinsey & Company.

Guess?, Inc. (NYSE: GES) announced the resignation of Dennis Secor, Senior Vice President and Chief Financial Officer of the Company. Mr. Secor will remain with the Company until December 7, 2012. Nigel Kershaw, Vice President of Finance & Accounting, and Treasurer, will assume the role of Interim Chief Financial Officer as of December 7, 2012. Mr. Kershaw has been with the Company for the past seven years in various roles of increasing responsibility.Visteon Corporation

Visteon Corporation (NYSE: VC) announced that Jeffrey M. Stafeil is joining the global automotive supplier and will serve as executive vice president and chief financial officer. Stafeil joins Visteon from DURA Automotive Systems, where he had been chief executive officer since October 2010, after serving as executive vice president and CFO since 2008. Michael J. Widgren, who has served as Visteon’s interim CFO since Oct. 3, continues with the company as vice president, corporate controller and chief accounting officer, reporting to Stafeil. Prior to joining DURA, Stafeil was CFO and a member of the board at the Klockner Pentaplast Group. From 2009-2012, he served on the board of directors and was audit committee chairman of J.L. French Automotive Castings Inc. From 2006-2009, he served on the board of directors and was co-chairman of the audit committee for Meridian Automotive Systems. From 2001-2007, he was executive vice president and CFO at automotive supplier Metaldyne Corp. He has also served in management positions at Booz Allen and Hamilton, Peterson Consulting and Ernst and Young.

Endeavour International Corporation (NYSE: END) announced that J. Michael Kirksey has submitted his resignation as Executive Vice President and Chief Financial Officer in order to spend more time in other areas of interest.

Clearside Biomedical Inc. announced today that Charles Deignan has been named to the position of Chief Financial Officer. Deignan has held financial management positions at several health care companies, including AtheroGenics Inc., AAIPharma and Schering-Plough

Watts Water Technologies, Inc. (NYSE: WTS) announced that Dean P. Freeman has been appointed Executive Vice President and Chief Financial Officer of the Company. Mr. Freeman will be replacing William C. McCartney, who announced his retirement earlier this year. Mr. Freeman previously served as Senior Vice President of Finance and Treasurer of Flowserve Corporation from October 2009 to October 2011. Also while at Flowserve, Mr. Freeman served as Vice President, Finance and Chief Financial Officer of the Flowserve Pump Division from 2006 to October 2009. Prior to Flowserve, Mr. Freeman served as Chief Financial Officer, Europe for The Stanley Works Corporation. Mr. Freeman also served in financial executive and management roles of progressive responsibility with United Technologies Corporation and SPX Corporation.

Bridgelux announced the appointment of Timothy Lester as chief financial officer (CFO). Tim joined Bridgelux in 2010 as vice president of finance, and today also holds the position of vice president of operations. Prior to joining Bridgelux, Mr. Lester served as vice president of finance and corporate controller at eSilicon. From 1999 to 2007, he was corporate controller and treasurer at Lumileds Lighting. Mr. Lester has also held leadership positions with Cost Plus World Market and Philips Electronics. Additionally, Mr. Lester worked in mid-market commercial lending at Household Finance after beginning his career in public accounting at Coopers & Lybrand. Commvault

CommVault (NASDAQ: CVLT) announced that Brian Carolan, has been promoted to Vice President, Finance – Chief Financial Officer from his current position of Vice President, Finance – Chief Accounting Officer. Mr. Carolan has served as CommVault’s Chief Accounting Officer since July 2006. He also held the position of Controller from February 2001. Prior to joining CommVault, Brian was with Ernst & Young LLP where he started his career in 1993. Louis F. Miceli, CommVault’s Senior Vice President – Chief Financial Officer, will step into the newly created position of Senior Vice President of Finance.

Bonanza Creek Energy, Inc. (NYSE: BCEI) announced that James R. Casperson, its Executive Vice President and Chief Financial Officer, notified the Company of his decision to step down from his full-time responsibilities. In connection with Mr. Casperson’s transition, the Company’s Board of Directors appointed Wade E. Jaques, who currently serves as the Company’s Chief Accounting Officer, Controller and Treasurer, to assume the duties of principal financial officer. Mr. Jaques joined Bonanza Creek in 2010 as its Controller, was promoted to Chief Accounting Officer in September 2011 and elected Treasurer in March 2012. Prior to joining Bonanza Creek, Mr. Jaques was the Controller and Assistant Corporate Secretary for Ellora Energy Inc. KForce

Kforce Inc. (NASDAQ: KFRC) announced that, effective January 1, 2013, Joseph J. Liberatore will become Kforce’s President and David M. Kelly will become Kforce’s Chief Financial Officer. Mr. Liberatore joined Kforce in 1988 and rapidly progressed through a number of field leadership roles, including running the Firm’s largest Tech staffing region. More recently, Mr. Liberatore has served as Chief Financial Officer since 2004 and also serves as Executive Vice President of Kforce Inc. Previously, Mr. Liberatore was Chief Talent Officer from 2001 to 2004, Chief Sales Officer from 2000 to 2001 and President of Kforce Interactive from 1998 to 2000. Mr. Kelly joined Kforce in 2000 as Group Finance Officer for the technology solutions practice. More recently, he has served as Senior Vice President of Finance & Accounting since 2009, Corporate Assistant Secretary since 2010, Vice President of Finance & Accounting from 2005 to 2009 and Chief Accounting Officer from 2000 to 2005. Prior to his career at Kforce, Dave held positions at companies that included Selkirk Financial Technologies and Komatsu America Corporation

Advanced Micro-Fabrication Equipment Inc. (AMEC) appointed Andrew Chen as Vice President and Chief Financial Officer (CFO). Chen joins AMEC from NASDAQ-listed Canadian Solar, Inc., where he served as CFO. At Coca-Cola Co., he was an International Financial Analyst before moving to Honeywell International as a Corporate Auditor. Later, he assumed the role of Financial Controller at Honeywell’s China engines operation. In China, he held CFO positions at Nepstar Drug Stores, Inc. and Sheng Da Technology, Inc., as well as YRC Worldwide China Operations. Phillip Kuntz

Fluid Delivery Solutions (FDS) announced the recent hiring of a respected financial professional, Philip Kuntz as Chief Financial Officer. Kuntz comes to FDS with over 28 years of financial experience in the private sector, which includes past positions as CFO for Progressive Concepts, Inc./Hawk Electronics, and most recently, VP of Finance at Blackmon Mooring Companies.

Polartec, LLC announced today the appointment of Joe Robinson as Chief Financial Officer. Mr. Robinson joins Polartec after serving most recently as Vice President, Corporate Finance with inVentiv Health. He previously served as Vice President, Global Finance, and Vice President, North America Finance, for the Converse division of Nike. Additionally, his career includes 18 years of progressive growth in financial and operational roles with Procter & Gamble’s Gillette group.Prospect Mortgage

Prospect Mortgage, LLC announced that Sandra E. Bell has joined the company as Chief Financial Officer. Most recently, Ms. Bell has been providing strategic financial advisory services as a consultant. Ms. Bell previously served as Chief Financial Officer of PHH Corporation. Prior to PHH, Ms. Bell was the Chief Financial Officer of the Federal Home Loan Bank of Cincinnati from 2004 through 2006. Her additional leadership positions include roles as Chief Financial Officer of two publicly registered companies, and more than 21 years on Wall Street financing energy companies, including a 13-year career at Deutsche Bank Securities.

Cargill announced that Sergio Rial, its chief financial officer, will resign his post with the company effective at the end of November in order to return to his native Brazil for personal reasons. Cargill President and Chief Operating Officer David MacLennan will serve as interim chief financial officer until the Cargill Board of Directors elects a successor. MacLennan joined Cargill in 1991 and has held management positions within the financial, risk management, energy and animal protein businesses. He previously served as Cargill’s chief financial officer from 2008 to 2011. While in the interim role, MacLennan will continue as the company’s president and chief operating officer.Tom Stiehle

Huntington Ingalls Industries (NYSE: HII) has promoted Tom Stiehle to chief financial officer and vice president of business management for the company’s Ingalls Shipbuilding division. In addition to his financial responsibilities, Stiehle will also lead Ingalls’ IT function. Before being selected for this position, Stiehle served as vice president of contracts and pricing for Ingalls. Prior to joining HII in 2011, Stiehle worked for Northrop Grumman’s Aerospace Systems sector, holding positions of increasing responsibility within business management for 24 years.

Lucas Energy, Inc. (NYSE: LEI) announced that the Board of Directors has appointed Anthony C. Schnur as CFO (“Chief Financial Officer”), Treasurer, and Secretary of the Company. The new appointment was at the request of the current CFO, Andrew Lai, who has stepped down due to family medical issues. Current plans are for Mr. Lai to remain with Lucas in another capacity. Anthony Schnur has served as CFO and CEO of several companies including his last position as CFO of Chroma Oil & Gas, LP. Mr. Schnur has served on the Board of Directors of two E&P companies.

The Valspar Corporation (NYSE: VAL) announced the planned retirement of Lori A. Walker, Senior Vice President and Chief Financial Officer. Walker joined Valspar in 2000 as Assistant Controller, was promoted to Vice President and Controller in 2001, Vice President and Treasurer in 2004, and has been Valspar’s CFO since 2008.

Hanmi Financial Corporation (NASDAQ: HAFC) (“Hanmi”), the holding company for Hanmi Bank (the “Bank”), announced that Lonny Robinson is resigning as Executive Vice President and Chief Financial Officer of Hanmi and the Bank to pursue another professional opportunity. Hanmi also announced that the Board of Directors has appointed Shick (Mark) Yoon as interim Chief Financial Officer. Mr. Yoon currently serves as Hanmi’s Senior Vice President and Chief Strategy Officer and will continue in those roles while he serves as interim Chief Financial Officer. Mr. Yoon has served at Hanmi since 2008, and previously held the positions of Deputy Chief Financial Officer, Treasurer and Senior Planning Officer.

Holly Energy Partners, L.P. (NYSE: HEP) announced that its Board appointed Bruce Shaw to the position of President of Holly Logistic Services, L.L.C. (“HLS”) effective November 1, 2012. HLS is a wholly-owned subsidiary of HollyFrontier Corporation (NYSE: HFC) and the general partner of Holly Energy. Mr. Shaw has served as Senior Vice President and Chief Financial Officer of HLS since December 2011 and will serve in that position until November 1, 2012. Mr. Shaw also concurrently serves as Senior Vice President, Strategy and Corporate Development of HollyFrontier Corporation, a position he has held since July 2011. Mr. Shaw will resign from that position effective January 1, 2013 as a result of his increased responsibilities at HLS. Mr. Shaw also served in various positions at HLS and Holly Corporation, including Senior Vice President and Chief Financial Officer of Holly Corporation from January 2008 until July 2011. Prior to joining Holly Corporation in 1997, Mr. Shaw was a consultant at McKinsey & Company. Holly Energy Partners also announced the Board’s appointment of Doug Aron as the Executive Vice President and Chief Financial Officer of HLS effective November 1, 2012. Mr. Aron currently serves as Executive Vice President and Chief Financial Officer of HollyFrontier Corporation. Prior to the HollyFrontier merger, Mr. Aron served as the Executive Vice President and Chief Financial Officer at Frontier Oil Corporation since 2009. Mr. Aron also held various positions at Frontier Oil Corporation from 2001 through 2009 including Vice President of Corporate Finance and Director of Investor Relations.

Belk, Inc. announced that Brian Marley announced his retirement as executive vice president and chief financial officer of Belk, Inc. effective May 4, 2013, after more than 12 years of outstanding service and leadership at the company. Following his retirement, Marley has agreed to serve as a consultant to Belk for 12 months to assist in the transition of his responsibilities and provide advice on various financial matters. He will also continue to serve on the Investment Committee of The Belk Foundation and the Advisory Board of the Belk School of Business at UNC-Charlotte. Belk has announced that Marley will be succeeded in his role by Adam Orvos, who currently serves as executive vice president of human resources for the company. Orvos joined Belk in 2006 as senior vice president of finance and corporate controller, and was promoted to his current position in 2009. Orvos began his retail career in 1987 with the May Department Stores Company in St. Louis, Mo. In 1993, he joined the Foley’s division of May in Houston, Texas, and was named vice president and controller in 2000 and senior vice president and chief financial officer in 2004.

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

Vendredi 16 Novembre 2012

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