CFO Moves – week ending April 19, 2013



Microsoft Corp. (NASDAQ: MSFT) announced that Microsoft CFO Peter Klein will leave the company at the end of the current fiscal year, after nearly four years in role and 11 years at the company. Microsoft will be naming a new CFO from its finance leadership team in the next several weeks.

Logitech International (NASDAQ: LOGI) announced that Erik K. Bardman, senior vice president of finance and chief financial officer, will leave Logitech, effective April 26, 2013. Mr. Bardman, who has been with Logitech since October 2009, will join Roku as chief financial officer.

Roku Inc. announced that Erik Bardman will join the company as Chief Financial Officer. Bardman was appointed Senior Vice President, Finance and Chief Financial Officer of Logitech International (NASDAQ: LOGI) in September 2009 and will depart the company this month. Bardman was elected to Trulia’s Board of Directors in June 2012 and will continue to hold that seat while at Roku. Prior to Logitech, Bardman spent six years at eBay and served as the Chief Financial Officer for eBay Marketplaces, the company’s largest portfolio of businesses. Prior to joining eBay, he was with General Electric for 15 years in a variety of roles.

Ingersoll-Rand plc (NYSE:IR) is pleased to announce that Patrick Shannon will serve as senior vice president and chief financial officer for the new, standalone global security company to be created upon its separation from Ingersoll Rand later this year. Shannon currently serves as vice president and treasurer for Ingersoll Rand. Previously, he was vice president of audit services. Prior to audit services, Shannon served as vice president of finance and information technology for Trane Commercial Systems, beginning in September 2008. That appointment followed his stewardship as vice president of strategy and business development. From 2002 to 2005, he served as vice president, finance for the Ingersoll Rand Construction Technologies Sector. Before joining Ingersoll Rand, Shannon served as senior vice president and chief financial officer for OneCoast Network Corporation. Before that, he was senior vice president and chief financial officer for AGCO Corporation. Shannon started his career with Arthur Andersen LLP.Pamela Strayer

Plantronics, Inc. (NYSE: PLT) announced that Plantronics CFO Pamela Strayer will serve as the acting CEO during an unplanned absence of the President & CEO, Ken Kannappan. Pam joined Plantronics in July 2012 as senior vice president and chief financial officer.

The Weather Company announced the appointment of Peter Kuipers as chief financial officer (CFO) effective May 6, 2013. Kuipers joins the company from Yahoo! Inc., where he serves as vice president of finance for the Americas Region. At Yahoo! Kuipers previously served as vice president of finance, global products division, and as vice president of finance, international regions. Kuipers also served as a member of the board of directors for the majority of Yahoo!’s international companies. Prior to Yahoo!, Kuipers held financial leadership roles with Altera Corp. in San Jose, Calif., with General Electric Company both in Mass. and in the Netherlands, and with Akzo Nobel in the Netherlands.

Pluralsight announced the appointments of Greg Woodward as Chief Financial Officer. Woodward was most recently Chief Financial Officer at PermaPlate, and previously as Senior Vice President in the Portfolio Group at Huntsman Gay Global Capital.

Logicalis announced the appointment of Nathan Fong to the position of Chief Financial Officer (CFO) in the United States. Most recently, Fong served as both CFO and COO for Motricity. Prior to Motricity, Fong held the dual roles of CFO and interim CEO for Atrinsic Inc. He also served as both CFO and executive vice president for The Orchard Enterprise Inc.; CFO of Rodale International; CFO and senior vice president of media and entertainment company Discovery Networks International; and divisional vice president of global finance for entertainment and media giant Twentieth Century Fox.

MDC Partners (NASDAQ: MDCA) announced that it has tapped Andre Coste, former Global Chief Financial Officer of Publicis Worldwide, to take on the role of Chief Financial Officer for the MDC Partner Network. Most recently, Coste served as a key partner to Publicis’ Global CEO in the role of Global CFO, a position he held for five years.

RLJ Lodging Trust (NYSE: RLJ) announced the appointment of Leslie D. Hale to Executive Vice President. Ms. Hale will serve in a dual role of Executive Vice President and Chief Financial Officer. She joined RLJ Development, Inc., the Company’s predecessor, in 2005 as its Director of Real Estate and Finance and was promoted to Vice President in 2006. In 2007, she was promoted to Chief Financial Officer and Senior Vice President. Prior to Ms. Hale’s tenure at RLJ, she held several positions within General Electric Capital Corporation (“GE”), including Vice President in the Mergers and Acquisitions Group of GE Commercial Finance and Associate Director in the GE Real Estate – Strategic Capital Group. Before GE, Ms. Hale was an investment banker at Goldman, Sachs & Co.

Financial Institutions, Inc. (NASDAQ: FISI) named Kevin B. Klotzbach as chief financial officer and executive vice president in addition to his current role as treasurer. Karl F. Krebs, who served as the organization’s CFO since October 2009, will remain with the company through a brief transition period. Mr. Klotzbach has served as senior vice president and treasurer of Five Star Bank since 2001. From 1999 to 2001, Mr. Klotzbach was the chief investment officer at Greater Buffalo Savings Bank. Earlier in his career, he held various executive, portfolio management and risk management positions with Key Bank, Empire Federal Savings Bank and Merrill Lynch Asset Management.

Superior Industries International, Inc. (NYSE: SUP) announced the appointment of Kerry A. Shiba to its board of directors. Mr. Shiba is executive vice president and chief financial officer of Superior. Mr. Shiba also is a member of the board of directors of Tulsa-based Ramsey Industries LLC. Prior to joining Superior in 2010 as senior vice president and chief financial officer, he was senior vice president/chief financial & restructuring officer and president of the original equipment business unit of Remy International, Inc. Mr. Shiba previously held senior management positions with Kaiser Aluminum Corporation, including vice president and chief financial officer, and served in senior financial management roles with The BF Goodrich Company.

Envysion, Inc. announced the appointment of Michelle Shewchuk as Chief Financial Officer. Shewchuk brings over 20 years of financial leadership experience to Envysion and comes from Exclusive Resorts. In addition, Shewchuk spent part of her early career working at Berkshire Partners.

ProVest announced it has promoted Caryn Bosworth to CFO. Bosworth was vice president of finance and accounting with the company for more than three years. Prior to joining ProVest, Bosworth was vice president and controller for Catalina Marketing Corp. Before her position at Catalina, Bosworth was director of global financial reporting for Tropicana Products, Inc., and was a supervising senior in the audit department of KPMG.

Midway Gold Corp. (AMEX: MDW) announced that John Labate will be joining the Midway team as the new Chief Financial Officer. Mr. Labate will work with Fritz Schaudies, the Company’s current CFO, to ensure a seamless transition of his Chief Financial Officer duties. Mr. Labate is joining Midway from Behre Dolbear where he has been Managing Director in the management-consulting group. Prior to his consultancy, he was Senior Vice President and CFO of Golden Star Resources. Prior to his tenure with Golden Star, Mr. Labate was Vice President and CFO of Constellation Copper Corporation.

Great American Group, Inc. (OTC: GAMR) appointed Phillip Ahn as Chief Operating Officer and Chief Financial Officer of the Company. Mr. Ahn previously served as Great American Group’s Senior Vice President, Strategy & Corporate Development from February 2010 to April 2013. Prior to joining Great American Group, Mr. Ahn held private equity investment positions at middle market private equity firms Altpoint Capital Partners and Stone Tower Equity Partners.

Fortinet (NASDAQ: FTNT) announced the appointment of Ahmed Rubaie as the Company’s Chief Financial Officer and Chief Operating Officer. Mr. Rubaie most recently served as Executive Vice President and Chief Financial Officer of Ariba Inc. Mr. Rubaie joined Ariba in August 2008. Prior to Ariba, Mr. Rubaie spent nearly eight years at Avery Dennison where he held various senior finance positions, the last one being a global division CFO. Mr. Rubaie also spent nearly six years in various global finance leadership roles at BHP Billiton.

CTPartners Executive Search Inc. (NYSE: CTP) announced the appointment of William J. Keneally as Chief Financial Officer. Mr. Keneally spent four years in London with Gullivers Travel Associates by Travelport, then majority-owned by Blackstone Group, as Chief Financial Officer & Senior Vice President. Previously, he held senior finance and accounting positions at Elizabeth Arden, and Inter-Continental Hotels & Resorts and was a Managing Partner at BDO Seidman. Keneally began his career at Arthur Andersen.

Destination Hotels & Resorts announced the appointment of Mark Hays as Senior Vice President & Chief Financial Officer. Hays first joined Destination Hotels & Resorts in 2005, where he served as Director of Finance at The Inverness Hotel and Conference Center in Denver, Colo. Soon after, he was promoted to Vice President, Regional Controller in the Destination corporate office. In 2007, Hays was promoted to Corporate Controller. Prior to joining the Destination team, Hays served as Corporate Controller and Regional Controller for Sage Hospitality from 2000 to 2005. Hays also held tenure as General Manager of the Embassy Suites Denver Tech Center and the Holiday Inn Garden of the Gods Colorado Springs, both Meristar Hotels, from 1995 to 2000. Robert D. Starr

Kaman Corp. (NYSE:KAMN) announced that Robert D. Starr has been appointed to the position of Senior Vice President and Chief Financial Officer (CFO) effective as of July 1, 2013, upon the retirement of William C. Denninger, Executive Vice President and CFO, on June 30, 2013. Starr, who joined the Company in 2009, currently serves as Vice President and Treasurer. Prior to joining Kaman, Starr was employed by Crane Co. (NYSE: CR) where he served as Assistant Treasurer. He also previously served as Managing Director, Corporate Finance at Aetna, Inc., and as Director, Capital Markets and Risk Management at Fisher Scientific International, Inc. Starr also was an associate at both Salomon Smith Barney in New York and Chase Securities, Inc. in New York and Singapore. He began his career as an auditor with Laventhol & Horwath in New York.

Broadway Financial Corporation (NASDAQ Capital Market: BYFC), the holding company of Broadway Federal Bank, f.s.b. (“Bank”) announced that Brenda Battey has been approved by the Federal Reserve Bank of San Francisco as Chief Financial Officer (“CFO”) of the Company. Her tenure includes Controller/Senior Controller over the past 25 years at First Federal Savings Bank of California, Community Bank and Bank of Manhattan.

CFO Moves – week ending April 26, 2013

The Hershey Company (NYSE: HSY) announced that Humberto P. Alfonso, will become President, International. Alfonso currently serves as Hershey’s Chief Financial Officer and Chief Administrative Officer. The company also announced that David W. Tacka, will become Senior Vice President, Chief Financial Officer. Tacka has held senior executive positions within the company, including Chief Accounting Officer.

Chiquita Brands (NYSE: CQB) announced the appointment of Rick Frier as the company’s senior vice president and chief financial officer. He will assume his new position immediately upon the filing of the company’s first quarter financial report and will serve as senior vice president, finance, until that time. He succeeds Brian W. Kocher who, as previously announced, will become chief operating officer (COO) for Chiquita. Prior to joining Chiquita, he served as director, executive vice president and chief financial officer of Catalina Marketing Corp. Before joining Catalina, he served as director, chief financial officer and chief operating officer of Mattress Discounters Inc., a Bain Capital portfolio company

CNBC announced that KC Sullivan has been appointed President & Managing Director, CNBC International, effective 8 May 2013. Sullivan joined CNBC in August 2009 as Senior Vice President and Chief Financial Officer responsible for leading the finance operation globally for CNBC. Prior to joining CNBC, Sullivan served as Global Supply Chain Finance Manager for GE Healthcare Medical Diagnostics. Sullivan joined GE’s Corporate Audit Staff in 2002. Since October 2012 he has been the CFO of the NBC News Group.

Vonage Holdings Corp. (NYSE: VG) announced the appointment of David T. Pearson as Chief Financial Officer and Treasurer. Mr. Pearson joins Vonage from Deutsche Bank, where he spent more than nine years as a Managing Director and was Global Media & Telecom Group Head. Prior to joining Deutsche Bank, he worked at Goldman, Sachs & Co. for nine years, leaving as a Managing Director in the firm’s Technology, Media & Telecommunications practice.

Nutrisystem (NASDAQ: NTRI) announced that Michael P. Monahan will join the company as Chief Financial Officer effective May 22, 2013. Since 2009 Mr. Monahan has served as Chief Financial Officer of PetroChoice Holdings, Inc. His appointment as Nutrisystem’s CFO represents a return to the company for Mr. Monahan, who served as Nutrisystem’s Vice President of Finance from 2006 to 2009 prior to joining PetroChoice.

Avid (NASDAQ: AVID) announced that John Frederick has become Avid’s executive vice president, chief financial officer and chief administrative officer. Before joining Avid as chief of staff in February 2013, Mr. Frederick was corporate executive vice president and chief financial officer of Open Solutions, Inc., which was acquired in January 2013 by Fiserv, Inc. Ken Sexton will transition from his role as executive vice president, chief financial officer and chief administrative officer to become a consultant with the company. Earlier in his career, Mr. Frederick served as senior vice president and CFO of SafeNet, Inc. Additionally, he held a variety of senior financial, business planning, and analysis roles at organizations including AlliedSignal, now Honeywell, Time Warner – Six Flags, Sunbeam Corporation, and Legrand North America.

Health Revenue Assurance Holdings Inc. (OTC: HRAA) announced the addition of Evan McKeown as Chief Financial Officer (“CFO”). Prior to joining HRAA, Mr. McKeown worked at several companies that include: Perry Baromedical, National Healing Corporation, and Applied Digital.

EnerNOC, Inc. (NASDAQ: ENOC) announced the appointment of Neil Moses as the company’s Chief Financial Officer. Moses spent seven years at PTC, which he joined in 2003 as Executive Vice President and Chief Financial Officer. Following PTC, Moses served as Dunkin’ Brands’ Chief Financial Officer. Prior to PTC, Moses served as executive vice president and chief financial officer at Axcelis Technologies.

MicroVision, Inc. (NASDAQ: MVIS) announced the appointment of Stephen P. Holt, Chief Financial Officer. Holt most recently served as Chief Financial Officer at PixelOptics.

K12 Inc. (NYSE: LRN) announced that Harry T. Hawks, Executive Vice President and Chief Financial Officer, has informed the Board of his plans to leave the Company before the end of the fiscal year. Mr. Hawks joined K12 in 2010 with extensive corporate finance and development experience.

The RealReal announced the appointment of Matthew Gustke as Chief Financial Officer. Gustke joins The RealReal from StubHub, an eBay company, where he was CFO and head of strategy. Prior to StubHub, he spent 9 years at eBay in a variety of roles including investor relations, international finance and CFO for eBay SENE markets.

Cox Enterprises, Inc. announced that Jimmy W. Hayes, president and CEO since 2008, will retire from Cox in April, 2014 as part of the company’s long-term, succession plan. Effective May 1, John M. Dyer will be named chief operating officer of Cox Enterprises and will succeed Hayes as president and chief executive officer upon Hayes’ retirement next year. A 36-year Cox veteran, Dyer currently serves as executive vice president and chief financial officer of Cox Enterprises, a position he has held since 2008. He is a member of the Cox Enterprises board of directors. Douglas E. Franklin will succeed Dyer to become executive vice president and chief financial officer of Cox Enterprises, effective May 1. Franklin currently serves as president of Cox Media Group, a position he has held since 2011.

Visible Technologies announced the appointment of Laurie Cansler as Chief Financial Officer. Previously she was CFO at Likewise Software, Inc. Prior to her tenure at Likewise, Cansler was an analyst with Brueggerman and Johnson, and spent 11 years at AT&T where she was a Director on the Corporate Finance Team.

Lumeta Corporation announced that Kathy Kinnamon has joined as Chief Financial Officer. Kathy comes from AEP Networks where she successfully completed the sale of AEP Networks to Ultra Electronics Holdings, Plc in September 2011.

CoverMyMeds, LLC announced that Theodore W. Frank has been named chief financial officer (CFO). Prior to CoverMyMeds, Frank was COO/CFO of SparkBase. Before SparkBase, Frank was a venture partner for JumpStart.

WebiMax announced the appointment of Michael Gurzo as Chief Financial Officer. Gurzo comes to WebiMax after spending more than four years as the CFO of Dancker, Sellew & Douglas.

Global Partners LP (NYSE: GLP) announced the retirement, effective June 30, 2013, of Thomas J. Hollister as Chief Financial Officer, Chief Operating Officer and Director. The company has promoted Treasurer Daphne H. Foster to CFO. Foster joined Global in 2007 and was elected Treasurer in 2010. Her experience in the petroleum products industry includes several years as a Vice President in the Energy and Utilities Division of Bank of Boston. She started her banking career in 1982 at Bank of Boston and later joined Citizens Financial Group, where she oversaw the Loan Officer Development Program.

Datawatch Corporation (NASDAQ: DWCH) announced the appointment of James Eliason as Chief Financial Officer and Treasurer. Most recently he served as CFO of Qvidian Corporation. From 2008 to 2011, he served as CFO of Desktone, Inc. From 2004 to 2008, he served as CFO of Empirix, Inc.

Vringo, Inc. (NYSE: VRNG) announced that Anastasia Nyrkovskaya will join the Company as the Chief Financial Officer on May 6, 2013. Ellen Cohl will remain Vringo’s Principal Accounting Officer through the filing of the Company’s quarterly report for the first quarter of 2013 on Form 10-Q on or before May 15, 2013. Ms. Nyrkovskaya has over fifteen years of accounting experience, and most recently served as Vice President and Assistant Global Controller at NBCUniversal. Previously, she was Vice President, Corporate Finance and Business Development, where she structured M&A transactions and partnerships.

The Children’s Place Retail Stores, Inc. (NASDAQ: PLCE) announced that Michael Scarpa, Chief Financial Officer, has also been appointed Chief Operating Officer, effective immediately. Prior to joining The Children’s Place, Mr. Scarpa had more than 30 years of financial and operational management experience, most recently as Chief Operating Officer and Chief Financial Officer of The Talbots, Inc. Prior to Talbots, Mr. Scarpa was Chief Operating Officer of Liz Claiborne, Inc.

Naugatuck Valley Financial Corporation (NASDAQ: NVSL), the holding company for Naugatuck Valley Savings and Loan (the “Bank” or “Naugatuck Valley”), announced the appointment of James Hastings as Chief Financial Officer of both the Company and the Bank. Thomas Van Lenten had been serving as Interim Chief Financial Officer of both the Company and the Bank. Mr. Hastings will also serve as an Executive Vice President of both the Company and the Bank. Mr. Hastings joins Naugatuck Valley from Southern Community Financial Corporation, the holding company for Southern Community Bank and Trust (Winston Salem, North Carolina), where he served as Chief Financial Officer. Earlier in his career he served as President and Chief Executive Officer of Federal Savings Bank (Dover, New Hampshire), Senior Vice President and Director of Mortgage Banking of Cape Cod Five Cents Savings Bank (Orleans, Massachusetts), Chief Financial Officer and Treasurer of Heritage Financial Corporation (Seattle, Washington), Vice President – Finance, Real Estate Group of Seafirst Corporation (Seattle, Washington), and Controller of Seafirst Community Banking Corporation (Seattle, Washington).

JGWPT Holdings LLC, the holding entity for the J.G. Wentworth and Peachtree Financial Solutions companies, announced the appointment of John R. Schwab as Executive Vice President and Chief Financial Officer. John comes to JGWPT Holdings from Expert Global Solutions, Inc., formally NCO Group, Inc., from 2004 until 2012 where he held senior positions including Executive Vice President and Chief Financial Officer and Executive Vice President of Corporate Strategy.

Viewster appointed Helen Biggart as CFO. Biggart previously worked at Touch Clarity. Before this, Helen worked at GE Capital Europe in the corporate acquisitions team and then moved to the private equity group.

Safeguard Scientifics, Inc. (NYSE:SFE) announced that Jeffrey B. McGroarty, who joined the Company in 2005 as Vice President and Corporate Controller, was named Senior Vice President and Chief Financial Officer. Mr. McGroarty succeeds Stephen T. Zarrilli who was named President and Chief Executive Officer of Safeguard in November 2012. Prior to joining Safeguard in December 2005, Mr. McGroarty was interim Controller at Cephalon, Inc. Before that, he was Vice President, Financial Planning and Analysis at Exide Technologies.

Kastle Systems International announced that they have appointed Steve Yevich as their Chief Financial Officer (CFO). Yevich previously served as the ranking finance executive with Brink’s Home Security, becoming Executive Vice President and Chief Financial Officer for Brink’s Home Security Holdings, Inc. until it was acquired by Tyco International in 2010.

Kirby Corporation (NYSE: KEX) announced that Joe Pyne, Kirby’s Chairman and Chief Executive Officer, announced that he has decided to step down as Chief Executive Officer early next year. The company plans that David Grzebinski, Kirby’s current Executive Vice President and Chief Financial Officer. Will be the new CEO at that time.

Champions Oncology, Inc. announced that its Chief Financial Officer and Executive Vice President, Gary G. Gemignani, informed the company of his intention to resign. Mr. Gemignani has agreed to remain as the Company’s Chief Financial Officer for a transition period while the Company searches for a new Chief Financial Officer.

Avantair, Inc. announced that Bret A. Holmes was appointed Chief Financial Officer of the Company. Prior to joining the Company, Mr. Holmes was the Chief Financial Officer at Eleets Transportation Co., Inc. and related entities from June 2009 through December 2012. Mr. Holmes served as Chief Financial Officer for Aslan Development from March 2006 to June 2009 and Chief Financial Officer at Watson Custom Home Builders from October 2004 to March 2006.