CFOs on the Move: Week Ending June 3

Sears, S&P Global, Johnson Controls, PeopleLink, W.F. Taylor, Snyder's-Lance, Lawrence Livermore Nat'l Lab, Melkior Resources, System Source, Vann's
David McCannJune 3, 2016
CFOs on the Move: Week Ending June 3

Robert Schriesheim, chief financial officer at struggling retailer Sears Holdings, has resigned. Schriesheim, 56, said he would pursue other career opportunities and devote more time to the four boards of directors on which he serves, as well as to his family. Before he joined Sears, Schriesheim led finance for Lawson Software.

In another high-profile CFO resignation, Jack Callahan will leave S&P Global in August to take a leadership post at an academic institution. Just last month Callahan told CFO he expected to be spending time thinking about how to operate S&P Global more as an operating than the conglomerate it was before divesting a number of assets over the past few years.

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Brian Stief

Brian Stief

Johnson Controls finance chief Brian Stief will continue to lead finance following the company’s agreed-up merger with Tyco International, the two companies announced. Stief, who had previously spent more than 30 years at PricewaterhouseCoopers, joined Johnson Controls in September 2014.

Industrial staffing firm PeopleLink Group named former Whirlpool executive Shawn Cahill as its new finance leader. Cahill, who was a senior finance manager at the appliance maker, replaces Jeffrey Miller, who left to pursue the proverbial “other interests.”

Steven Williams has taken over the finance reins at adhesives and coatings supplier W.F. Taylor. He previously led finance of the floor covering division at Milliken & Co.

Snack food maker and marketer Snyder’s-Lance announced that finance chief Rick Puckett will retire next Dec. 31. The company is looking for a replacement. Puckett has been in the role since 2010, when Snyder’s of Hanover merged with Lance, where he had also been the CFO.

Chris Brannan has been selected as CFO of federal research facility Lawrence Livermore National Laboratory. The organization has 6,300 employees and a $1.6 billion annual budget.

Canadian mining company Melkior Resources promoted controller Laina Maclean to its top finance post.

System Source, a Maryland-based, 70-employee IT consulting and integration firm, is looking for a CFO — on Craigslist. The company posted its 362-word ad on the classified advertising forum on Tuesday.

The former CFO of electronics and appliance chain Vann’s Inc., Paul Nisbet, has reached a plea deal in a federal case that accused him defrauding the chain of more than $900,000. Also charged was ex-CEO George Leslie Manlove, who has pleaded not guilty to more than 200 counts of conspiracy and fraud. According to the Billings Gazette in Montana, prosecutors are recommending no jail time for Nisbet, who reportedly said he can provide them with substantial assistance.