Today’s CFOs on the Move:

AOL Time Warner Names New Finance Team (Updated)
Lisa YoonOctober 16, 2000

Getting ready to rumble: America Online and Time Warner today announced the finance organization of the soon-to-be merged company, AOL Time Warner:

  • John LaBarca, senior vice president, financial operations. LaBarca’s responsibilities will include merger integration tracking, internal audit and purchasing. He is currently senior vice president, financial operations at Time Warner.
  • Frederick Yeager, senior vice president, finance. Yeager’s responsibilities will include advising corporate senior management on key financial issues and representing the CFO on other matters. Yeager is currently vice president, finance and development at Time Warner.
  • James Barge, vice president, controller. Barge will be responsible for corporate-wide reporting of internal and external financial results, accounting policy and procedures, corporate accounting as well as all SEC-related issues. He is currently vice president and controller at Time Warner.
  • Warren Christie, vice president, tax. Christie’s responsibilities will include tax planning and tax compliance. He is currently vice president, tax at Time Warner.
  • Landel Hobbs, vice president, financial analysis and operations support. Hobbs’s responsibilities will include budgets and financial and operational analysis of the results of the company’s business units. He is currently senior vice president, controller and chief accounting officer for Turner Broadcasting System.
  • Melinda Mount, vice president, finance and acquisitions. Mount’s responsibilities will include financial strategies, business planning, mergers and acquisitions, and competitive analysis. She is currently vice president, corporate strategy and development at Time Warner.
  • Raymond Murphy, vice president, treasurer. Murphy’s responsibilities will include worldwide treasury activities, including capital markets, cash management, project finance, real estate and risk management. He is currently senior vice president and treasurer at America Online.
  • Transcendent qualities: Transcend Services announced the departure of Doug Shamon from the Atlanta-based provider of patient-information to the healthcare industry. Shamon, who held the titles of executive VP, CFO, secretary, and treasurer, made $185,000 last year with no options.
  • The Sky’s the Limit:Former Arthur Andersen senior partner Patrick McCormick was named CFO of startup Planet Exchange. McCormick is the first CFO of the King of Prussia, Pa.-based B2B enabling-communications-service provider.
  • Howdy, Partner: Kevin Russell is stepping down as CFO of Israeli telephone network operator Partner Communications. Alan Gelman, previously of voice- and-data company Barak ITC, will succeed him.
  • Figuring out logistics: German global logistics firm IFCO Systems named Michael W. Nimtsch as its new CFO. Nimtsch joins IFCO from an electrical infrastructure materials supplier, where he was CFO. He succeeds Vance Maultsby, who was appointed senior executive VP of corporate finance.
  • Working his Magic: One- time PepsiCo CFO Charles E. Harvey Jr. was named CFO of Pixel Magic Imaging. In addition to his CFO tenure at PepsiCo, Harvey led funny-name deli chain Schlotsky’s through its 1995 initial public offering. Most recently, Harvey was CFO and founder of P18 Inc., an online-community- management site.
  • “Smell ya later!” Michael B. Winchester is leaving his finance gig at Sony Pictures Entertainment to become CFO of Film Roman, the animation studio that produces Fox’s The Simpsons and King of the Hill, among other shows. Winchester is Film Roman’s first CFO in three years. Compensation information was unavailable, but Sony Pictures Entertainment’s stock price ended up 2 3/8 on Friday at $95 1/8, while Film Roman was unchanged at just $0.75. D’oh!
  • Speaking of Fox…R. Gregory Fox was appointed to the newly created CFO position at upscale- condominium-developer Post Properties. Fox will keep his existing job as EVP of the Atlanta- based company.
  • A 3-Dimensional job: 3D Pharmaceuticals’s Scott Horvitz will be rounding out his job responsibilities by taking on finance-chief duties in addition to his existing ones as VP of finance and administration. Michael J. Wassil resigned as VP and CFO to pursue other opportunities. Wassil’s compensation was unavailable, but Horvitz made $190,588 including bonuses last year. He holds no options.
  • James M. Caci is networking his way out of Datatec Systems. He resigned as CFO after six years with the company. Isaac Gaon, CEO of the Fairfield, N.J.-based computer- network-delivery company, will take over finance responsibilities until a successor is found. Caci made $156,000 last year and exercised $685,000 in options.
  • Etching his way out: Plasma-etch-systems maker Tegal Corp. announced the resignation of CFO David Curtis. Curtis is leaving the Petaluma, Calif.- based company after nine years to join a venture-backed software firm. Curtis made almost $163,000 last year.

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