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CFOs on the Move: Week Ending Sept. 23

Intel, JetBlue, Kemper, Ruby Tuesday, iPayment Holdings, Performance Food Group, Trecora Resources, Rambus, Acelity, Real Industry
Joan UrdangSeptember 23, 2016
CFOs on the Move: Week Ending Sept. 23

Intel has named Robert Swan to the top finance spot, effective Oct. 10. Swan, who succeeds Stacy Smith, most recently was an operating partner at growth equity company General Atlantic. Before that, he headed finance at eBay. Smith, who joined Intel in 1988 and had been CFO since 2007, has a new role overseeing operations, sales, and manufacturing.

Robert Swan

Robert Swan

CFO Mark Powers will retire from JetBlue Airways effective Nov. 1, after which he will serve as an adviser to the airline for a year. Treasurer Jim Leddy will become interim CFO, subject to approval by the company’s board of directors. Powers joined JetBlue as treasurer in 2006 and became finance chief in 2011.

Insurer Kemper has chosen James McKinney to lead the finance function, effective in November. He takes over for Frank Sodaro, who will become a senior adviser until the end of the year. McKinney will join the firm from Banc of California, where he also was CFO. Chief accounting officer Richard Roeske will become interim CFO during a transition period.

How Startup CFO Grew Food Company 50% YoY

How Startup CFO Grew Food Company 50% YoY

This case study of JonnyPops’ success highlights the unusual financial and operational strategies that enabled rapid expansion into a crowded and highly competitive frozen treat market. 

Restaurant chain Ruby Tuesday has named Sue Briley finance chief. She started at the company in 2014 as vice president of finance and has been interim CFO since June.

Robert Purcell has been promoted to the top finance spot at iPayment Holdings. He replaces Mark Monaco, who is leaving the company in November. Purcell has been at the payment processor since 2012, most recently as chief accounting officer and senior vice president of finance.

Performance Food Group has selected Tom Ondrof as its next CFO, taking over for the retiring Bob Evans. Ondrof comes to the food-service distributor from Compass Group North America, where he held several posts, including CFO from 1999 to 2010, chief strategy officer from 2010 to 2013, and chief development officer from 2013 to 2015.

Specialty hydrocarbons and waxes provider Trecora Resources has named Sami Ahmad finance chief, effective Oct. 1. He succeeds Connie Cook, who will stay on as secretary, treasurer, and vice president of accounting and compliance. Most recently, Ahmad headed finance at Armada Water Assets.

Rambus has appointed Rahul Mathur to lead the finance function. Previously, he was senior vice president of finance at Cypress Semiconductor.

Tom Casey has resigned from the top finance spot at medical company Acelity. Todd Wyatt, vice president of global corporate finance, will become interim CFO as the company searches for Casey’s replacement.

Holding company Real Industry has named Michael Hobey finance chief. He takes over for Kyle Ross, who in August was named president, chief investment officer, and interim CEO. Formerly, Hobey headed finance at the firm’s indirect wholly owned subsidiary, Real Alloy Holding.