Human Capital & Careers

CFOs on the Move: Week Ending Feb. 21

Coca-Cola, First Business Financial, Apache, American Woodmark, DSW, Timken, Exterran Holdings, Demandware
Joan UrdangFebruary 21, 2014

The Coca-Cola Co. has announced that Gary Fayard, who has been finance chief since 1999, will retire in May. Kathy Waller, controller and vice president, finance, has been selected to take over for Fayard at that time.

James Ropella plans to retire from the top finance spot at holding company First Business Financial Services during the fourth quarter of this year. He has been CFO since joining the firm in 2000.

Oil-and-gas exploration and production firm Apache has named Alfonso Leon to lead the finance function. He replaces Tom Chambers, who will become senior vice president, finance. Leon joined the company in 2009 and has been chief of staff since 2012.

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M. Scott Culbreth has been appointed to the top finance spot at American Woodmark, a manufacturer and distributor of kitchen cabinets and vanities. Most recently, he headed finance at Piedmont Hardware Brands.

DSW said that CFO Douglas Probst is retiring on May 1. He joined the retailer in 2005.

Philip Fracassa has been promoted to finance chief at The Timken Co. Fracassa has been at the firm, which engineers, manufactures and sells mechanical components and high-performance steel, since 2005. He had been senior vice president of planning and development.

Head of finance William Austin is retiring from Exterran Holdings, effective April 4. A search is under way for his replacement.

Digital commerce firm Demandware has said that CFO Scott Dussault will be leaving the company effective June 6, but will be available as an adviser through early June of 2015. The company’s board of directors has appointed a search committee to begin the process of finding his successor.