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Sprint's Clear Alternative

As expected, Dellinger succeeds Krause as Sprint CFO. Also, El Paso treasurer dies in probable suicide.
Lisa Yoon, CFO.com | US
June 4, 2002

>> It's official: Phone giant Sprint Corp. has dialed up Robert J. Dellinger to be new CFO, executive VP…As expected, succeeds Arthur B. Krause…Dellinger, 42, hired in March as executive VP of finance…Krause, 60, retiring this year after 31 years with company, becoming finance chief in 1988…

Before joining Sprint, Dellinger was president, CEO of General Electric's Frankona Re and GE's Property/casualty reinsurance businesses in Europe and Asia…Also held several CFO stints at GE…Was finance chief, executive VP of GE's Employers Re, CFO for GE Motors and Industrial Systems, CFO for GE Plastics Pacific, CFO for GE Superabrasives…

>> Drug developer Pharmacopeia named John Hanlon CFO, executive VP, replacing Bruce Myers…Hanlon joins Princeton, N.J.-based outfit after decade of CFO duty at scientific information-management systems maker MDL Information Systems…

Company announced in March that Myers, who joined Pharmacopeia in 1998, would leave shortly after annual stockholders meeting in May…Myers resigning to — what else? — "pursue other opportunities…"

>> Turns out there's life beyond Andersen…Former Andersen senior partner Melvin Dick was named CFO, executive VP of women's clothing maker Coldwater Creek…At Andersen, Dick had been global managing partner of Andersen's technology, media, communications practice…

Coldwater Creek was "extremely selective" in picking its finance chief, said chairman, co-founder Dennis Pence… Company picked Dick for his experience with growing companies as it tries to expand chain of retail stores…Besides stint as CFO of an unnamed startup, Dick played on due diligence teams for more than 100 IPOs…

>> Houston-based energy trading company El Paso Corp. announced that SVP and treasurer Charles Dana Rice died Sunday… Rice's body found Sunday afternoon with apparently self-inflicted gunshot wound…Harris County Medical Examiner's Office said cause of death being investigated…

Rice, 47, had been with El Paso for 25 years…According to El Paso spokeswoman, he was set to retire in three weeks…

El Paso among number of energy-trading companies being probed for possible accounting indiscretions…Last week company slashed earnings guidance for next two years, announced big cut in 600-person energy-trading business, hike in investment in natural gas assets…

News of Rice's death caused big sell-off of El Paso shares…In prepared statement, chairman, chief executive William A. Wise said: "This is a tragic event for our company; however, the market reaction is unwarranted."




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