CFOs on the Move: Week Ending Nov. 8

Waddell & Reed Financial, KMG Chemicals, Black Diamond, BNSF Railway, Ingredion, SED International Holdings, PolyOne, Webtec, II-VI, Ace Cash Express
Joan UrdangNovember 8, 2013

Waddell & Reed Financial has said that CFO Daniel Connealy will retire when the company files its 10-K for the year ended Dec. 31. The board of directors plans to name Brent Bloss, now senior vice president-finance, principal accounting officer and treasurer, to succeed him.

John Sobchak has resigned as head of finance at KMG Chemicals, but will stay on through the company’s first-quarter earnings report and its quarterly report in December. A search is under way to replace Sobchak, who has been CFO since 2001.

Sports equipment and apparel supplier Black Diamond has promoted Aaron Kuehne to the top finance spot. He has been at the company for almost three years, first as director of financial reporting and then as vice president of finance before becoming interim CFO earlier this year.

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Tom Hund plans to retire as finance chief of BNSF Railway in the first quarter of next year. He will be succeeded by controller Julie Piggott.

Ingredion has announced that head of finance Cheryl Beebe is retiring, effective Jan. 6. Jack Fortnum, president, North America, will take over as CFO.

CFO Christopher Joe has resigned from supply-chain management provider SED International Holdings, effective Oct. 25. He will be replaced on an interim basis by Stephen Dexter, a former CFO of CDC Software.

Polymer materials provider PolyOne has named Bradley Richardson to lead the finance function. Most recently, he was CFO of Diebold.

Alvaro Garcia-Tunon is retiring as head of finance at Webtec, effective Jan. 1, but will stay on as a strategic adviser. Patrick Dugan, who has been at the firm since 2003 and is currently senior vice president, finance, will take over as CFO.

Craig Creaturo has resigned as finance chief of manufacturer II-VI. The company has begun a search for his successor, and Creaturo will stay on as CFO until that person is named.

Ace Cash Express has promoted Susan Pressler to the top finance spot. She has been at the company since 1996, most recently as vice president of financial reporting and internal audit.