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USA: CFO Moves – week ending September 14, 2012


Tracking CFO Movement Across the USA. CFO Moves this week include:



Mellanox(R) Technologies, Ltd. (NASDAQ: MLNX) announced that Michael Gray, the Company’s chief financial officer, will retire from his current position effective November 5, 2012. Mr. Gray has served as the Company’s chief financial officer since December 2004. The Company also announced that it has appointed Jacob Shulman, Mellanox’s vice president of finance, as the Company’s new chief financial officer, effective November 5, 2012. Mr. Gray has no plans to join another company in a similar CFO capacity and intends to spend more time with his family in Oregon. Mr. Shulman joined Mellanox in June 2007 as the Company’s corporate controller. From 2005 to 2007, Mr. Shulman was corporate controller at Atrica. Prior to Atrica, Mr. Shulman spent seven years in senior finance positions, including controller and divisional CFO positions with Matav Cable Systems, Thyssenkrupp and Guava Technologies. Sotera Defense Solutions

Sotera Defense Solutions introduced Jennifer H. Felix as the company’s new Executive Vice President & Chief Financial Officer (CFO). Ms. Felix’s career includes serving as Controller of two private equity-backed companies, Deltek, Inc. and Vangent, Inc. where she was Vice President and Corporate Controller. At Deltek she served as Vice President of Finance

DART Therapeutics, LLC announced the appointment of Cabot Brown as Chief Financial Officer on a part-time basis. Brown has been a co-founder of several advisory and investment banking firms, including Carabiner, LLC, Seven Hills Group and Brown, McMillan & Co.

UTi Worldwide Inc. (NASDAQ: UTIW) announced the appointment of Richard G. Rodick as Executive Vice President — Finance and Chief Financial Officer. Since 2007, Mr. Rodick has served as Senior Vice President, Finance, of Broadridge Financial Solutions. Previously, Mr. Rodick served in three separate operating CFO roles in three different business units for ADP, Inc. Prior to joining ADP, Mr. Rodick worked for 15 years at Ryder System, Inc. in multiple roles of increasing responsibility that included corporate controller, operations finance and internal audit. Mr. Rodick will succeed Lawrence R. Samuels.

Eastman Kodak Company announced that Chief Financial Officer Antoinette P. McCorvey has decided to leave the company. Rebecca A. Roof, a managing director of AlixPartners, the company’s restructuring advisory firm, will become Chief Financial Officer on an interim basis.

Tenet Healthcare Corporation (NYSE: THC) announced that Daniel J. Cancelmi has been appointed chief financial officer. Cancelmi has served as the principal accounting officer of Tenet since 2007. Cancelmi began his career at Tenet serving as the chief financial officer of Hahnemann University Hospital. In 2004 he was named controller at Tenet. He was appointed principal accounting officer in 2007 and promoted to senior vice president in 2009. Prior to his tenure at Tenet, Cancelmi held various positions at PricewaterhouseCoopers, including in the firm’s National Accounting and SEC office in New York City.

STR Holdings, Inc. announced that Barry A. Morris, currently Executive Vice President and Chief Financial Officer, has been promoted to Executive Vice President and Chief Operating Officer. Mr. Morris joined STR in 2002 as Vice President and Chief Financial Officer. Prior to that, Mr. Morris served as Chief Financial Officer of General Bearing Corporation. The Company also announced that Joseph C. Radziewicz, Controller and Principal Accounting Officer, has been appointed to serve as Vice President and Chief Financial Officer. Prior to joining STR in 2009, Mr. Radziewicz held global financial management positions at The Stanley Works and PricewaterhouseCoopers LLP.

XL Group plc (NYSE: XL) announced the appointment of Chris Dougherty to Chief Financial Officer – Insurance. Mr. Dougherty joins XL from Axis Capital Holding Limited where he served as Chief Risk Officer of its reinsurance operation since 2009.

CBL & Associates Properties, Inc. (NYSE: CBL) announced that Farzana Mitchell has succeeded John Foy as Chief Financial Officer. Farzana Mitchell joined CBL in September 2000 as Senior Vice President – Finance and was promoted to Executive Vice President – Finance in January 2010. Prior to joining the Company, Mitchell spent 18 years at Equitable Real Estate and its predecessor in various senior financial positions. From 1976 to 1982, Mitchell held the position of Assistant Treasurer of IRT Properties Company, a former REIT. She serves on the Board of Commissioners and Finance Committee of the Chattanooga Metropolitan Airport Authority.

Vystar Corp. named Monica A. Schreiber acting chief financial officer. Schreiber replaces Linda S. Hammock, who retired as the company’s acting CFO. Schreiber has spent the past four years serving as a contract controller or SEC reporting specialist for a variety of companies. Prior to that, she served as a controller for EasyLink Services, director of accounting for Web.com, CFO for Capitol First and senior analyst for Access Worldwide.

Raptor Pharmaceutical Corp. (NASDAQ: RPTP) announced the appointment of Georgia Erbez, as Chief Financial Officer. Most recently, Ms. Erbez, was the founder and managing director of Beal Advisors. Ms. Erbez previously worked at Jefferies & Co., SG Cowen, Hambrecht & Quist and Alex. Brown & Sons.

Sonic Automotive, Inc. (NYSE: SAH) announced that its Vice Chairman and Chief Financial Officer, David P. Cosper, has notified the Company that he intends to retire effective at a yet-to-be-determined date sometime during the first quarter of 2013.

STWA, Inc. (OTC: ZERO) announced that Gregg Bigger, CFO of STWA, has been appointed to the role President in addition to his CFO role. Bigger replaces Chuck Blum, who resigned as CEO and President.

Regional Management Corp. (NYSE: RM) announced that its Executive Vice President and Chief Financial Officer Robert D. Barry has notified the Board of Directors of his plans to retire. Mr. Barry will continue as Chief Financial Officer until a successor is named and will remain with Regional Management Corp. shortly thereafter to assist with the transition process. Mr. Barry was appointed Executive Vice President and Chief Financial Officer of Regional Management Corp. in March 2007. Prior to joining Regional Management Corp., Mr. Barry was the Managing Member of AccessOne Mortgage Company, LLC in Raleigh, North Carolina from 1997 to 2007. During this time, he also served as part-time Chief Financial Officer for Patriot State Bank in Fuquay-Varina, North Carolina, from March 2006 to March 2007 and Nuestro Banco in Raleigh, North Carolina, from July 2006 to March 2007. Prior to AccessOne, Bob was a financial institutions partner in the Raleigh office of KPMG.

Insmed Incorporated (NASDAQ: INSM) announced the appointment of Will Lewis as President and Chief Executive Officer. Mr. Lewis has also been appointed to the Company’s Board of Directors. He succeeds Tim Whitten, who has resigned as President and Chief Executive Officer and as a member of the Company’s Board of Directors. Mr. Lewis is the former Co-Founder, President and Chief Financial Officer of Aegerion Pharmaceuticals, Inc. Prior to Aegerion, Mr. Lewis spent more than 10 years working in the U.S. and Europe in investment banking for JP Morgan, Robertson Stephens and Wells Fargo. Mr. Lewis began his career as an Operations Officer with the Central Intelligence Agency.

Sanovas Inc. announced that it has hired Robert E. Farrell as chief financial officer. Prior to joining Sanovas, Bob served as the president, CEO and CFO of Titan Pharmaceuticals. Prior to that, he served as the Corporate Group vice president and CFO at Fresenius USA. AMRI LOGO

Albany Molecular Research Inc. (NASDAQ: AMRI) announced the appointment of Michael Nolan as Vice President, Chief Financial Officer and Treasurer, succeeding Mark Frost. Mr. Nolan was most recently Vice President, Finance, Financial Planning and Analysis at the Delaware North Companies. From 2009 through early 2012, Mr. Nolan was Vice President, Finance, Analytical Instruments Group at Thermo Fisher Scientific, Inc. Prior to Thermo Fisher Scientific, Mr. Nolan held positions of increasing responsibility at ALCAN, which was later acquired by Rio Tinto Plc. Mr. Nolan began his career in 1989 at E.I. du Pont de Nemours Company.

ContraFect Corporation announced that it hired Julia Gregory as executive vice president and chief financial officer. Prior to joining ContraFect, Ms. Gregory was president and chief executive officer of Five Prime Therapeutics, Inc. Ms. Gregory previously was executive vice president and chief financial officer of publicly-traded Lexicon Pharmaceuticals, Inc. Prior to Lexicon, Ms. Gregory was an investment banker for over 20 years, primarily as Head of Investment Banking and of Healthcare Banking at Punk, Ziegel & Company, and at Dillon, Read & Co, Inc.

Endicott Biofuels II, LLC announced that Shanoop Kothari has joined the Company as Chief Financial Officer (CFO) and that Roderick Hayslett has been appointed to the newly-created role of Vice President, Finance. Prior to joining EBF, Mr. Kothari served as Vice President of Credit Suisse in Houston. Mr. Hayslett joined EBF as CFO in August 2010 after 32 years of experience in finance and the financial markets and 20 years as a corporate officer. Prior to joining the Company, he served as Chief Financial Officer of Northern Natural Gas, Transwestern Pipeline, Florida Gas Transmission and Citrus Corporation, and other related regulated and unregulated midstream energy subsidiaries managed by the Enron Transportation Services Division. He also served as CFO for Galveston Bay Biodiesel.Robert J Delany

The PFM Group announced that it named Robert J. Delany as a Managing Director and Chief Financial Officer. Mr. Delany was most recently Chief Financial Officer and Chief Operating Officer for Sciens Capital Management. Prior to that, he managed similar functions as EVP and Chief Operating Officer for European Operations for American Financial Realty Trust/European Financial Realty.

Showtime announced that Christina Spade has been promoted to Executive Vice President and Chief Financial Officer. Her promotion comes on the heels of the retirement of Jerry Scro, who was CFO for the past 16 years. Ecotality

ECOtality, Inc. (NASDAQ: ECTY) announced that H. Ravi Brar will succeed Jonathan Read as the new president and chief executive officer of the company. Brar joined ECOtality in November 2010 as chief financial officer. Previously, Brar served as executive vice president and chief financial officer at Exigen Services, Inc. Prior to that, Brar was chief financial officer and chief operating officer for Pac-West Telecom and worked for Xerox in international business development and domestic finance, sales and operational roles for nearly a decade. In addition to ascending to CEO, Brar has also been named to ECOtality’s board. Brar and the company’s board have named Susie Herrmann acting CFO.CLIFFS NATURAL RESOURCES INC.

Cliffs Natural Resources Inc. (NYSE: CLF) announced the appointment of Terrance Paradie as Senior Vice President & Chief Financial Officer. Mr. Paradie was previously senior vice president, assistant general manager – Michigan Operations. Prior to his most recent assignment, Mr. Paradie was the corporate controller and chief accounting officer for Cliffs globally.

Summer Infant, Inc. (NASDAQ: SUMR) announced the appointment of Paul Francese as Chief Financial Officer. Mr. Francese replaces Interim CFO Edmund J. Schwartz, who has been leading the financial organization in that capacity since March 2012. Mr. Schwartz will stay on with Summer Infant in a consulting capacity until at least the end of 2012 to help ensure a smooth transition. For the past eight years, Mr. Francese was Chief Financial Officer of OCI Enterprises. Prior to that, he was Chief Financial Officer of Cannondale Corporation. During the past 35 years, he also has held positions of increasing responsibility at Pitney Bowes, FCI/Berg Electronics Group, Huffy Corporation, Litton Industries, United Technologies and General Electric. clip_image001

Fossil, Inc. (NASDAQ: FOSL) announced that Michael L. Kovar will retire as Chief Financial Officer in March 2013. Mr. Kovar joined the Company in March 2000 and was promoted to Chief Financial Officer in October 2000.

Transgenomic, Inc.(OTN: TBIO) announced the appointment of Mark P. Colonnese as Executive Vice President and Chief Financial Officer of the Company. Mr. Colonnese most recently served as Executive Vice President, Commercial Operations and Chief Financial Officer at Salutria Pharmaceuticals, LLC. Prior to that, Mr. Colonnese served as Executive Vice President, Commercial Operations at AtheroGenics, Inc. Prior to joining AtheroGenics, Mr. Colonnese served as Senior Vice President and Chief Financial Officer at Medaphis Corporation and has also held executive positions at Applied Analytical Industries, Inc. and Schering-Plough Corporation. Sheila Anderson

Daktronics (NASDAQ: DAKT) announced that it has named Sheila Anderson as Chief Financial Officer and Treasurer,. Anderson joined the company as a senior accountant in 2002 and has served as Corporate Controller since 2006. Her experience prior to Daktronics includes senior accountant at Dakota Minnesota and Eastern Railroad, and accounting and auditing functions at two public accounting firms. Anderson replaces Bill Retterath, who recently departed from the company.

Third Stone Corporation/EVCARCO, Inc. (OTC: EVCA) announced that it terminated the employment of its CFO, Mr. Nikolay Frolov.

Omnicare, Inc. (NYSE: OCR) announced that it has named John L. Workman Chief Executive Officer. He will also serve as a member of Omnicare’s Board of Directors. Mr. Workman has served as Interim Chief Executive Officer since June 2012 and as Chief Financial Officer since November 2009. Mr. Workman was appointed President in February 2011. From 2004 to 2009, he served as Executive Vice President and Chief Financial Officer of HealthSouth Corporation. Prior to joining HealthSouth, Mr. Workman served as Chief Executive Officer of U.S. Can Corporation where he also served as Chief Operating Officer and Chief Financial Officer during his six-year tenure. Before that, he spent more than 14 years with Montgomery Ward & Company, Inc., serving in various capacities, including Chief Financial Officer and Chief Restructuring Officer. The Company also announced that it has promoted Robert “Rocky” Kraft from Senior Vice President, Finance, to Chief Financial Officer. Mr. Kraft has served as Omnicare’s Senior Vice President of Finance since November 2010 responsible for Omnicare’s accounting, tax, treasury, financial planning and analysis and non-drug purchasing. Prior to joining Omnicare, Mr. Kraft was a Partner at PricewaterhouseCoopers.John Boyle

Insomniac announced that John Boyle has been named to the new post of Chief Growth Officer (CGO), and has assumed the role of Chief Financial Officer (CFO) on an interim basis.

Haggar Clothing Co. announced that it has selected William Davenport as its new CFO. Prior to joining Haggar, Mr. Davenport most recently held a senior level role with The Neiman Marcus Group and previously worked for Brinker International, Inc. and KPMG LLP in increasingly senior positions.

RelaDyne LLC hired Paul Helton as Chief Financial Officer (CFO). Helton is coming from Petermann Partners, the largest privately held provider of school bus transportation services in the world, where he had been Vice President and CFO since 2005.

New Jersey SEEDS announced that Lee Shavel has joined its Board of Trustees. Mr. Shavel is Chief Financial Officer and Executive Vice President, Corporate Strategy at NASDAQ OMX Group, Inc. He joined NASDAQ OMX in May 2011 after 18 years at Bank of America Merrill Lynch where he was Americas Head of Financial Institutions Investment Banking and prior to that, Global Chief Operating Officer and Head of Finance, Securities and Technology in the Financial Institutions Group. He joined Merrill Lynch & Co. in 1993 after four years at Citicorp in Financial Institutions.

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

Mercredi 26 Septembre 2012
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