- Let it Ripp: Joseph A. Ripp, former EVP and CFO of Time Warner, was named CFO of America Online, following the completion of the planned merger of the media giants. Ripp will replace J. Michael Kelly, who was previously named CFO of AOL Time Warner, the merged company’s new name.
Before becoming executive vice president and CFO of Time Warner in 1999 Ripp was executive vice president, chief financial officer and treasurer of Time Inc. Before joining Time Inc. in 1985, Ripp was with the accounting firm of Ernst and Whinney, where he worked on the Time Inc. account for 10 years.
Ripp graduated from Manhattan College in 1973 with a B.A. and received an M.B.A. from Bernard M. Baruch College of the City University of New York in 1978.
Ripp’s 1999 compensation is not apparent. However, in 1999 Kelly earned $953,000 from salary, bonus and other compensation. He also was granted restricted stock, which at the time was valued at $5.66 million.
- “Is that the new UPS guy?” Robert J. Clanin will retire from his posts of SVP, treasurer, and CFO in 2001, along with president and COO Charles L. Schaffer. The Atlanta-based package- delivery company promoted VP of finance D. Scott Davis to succeed Clanin.
Clanin’s salary was $494,000 last year. With $342,448 in bonus, he made a total of $836,448. He also exercised options valued at more than $93,000.
- The Tao of Steve: Steve Burleson is leaving his CFO gig at electrical-equipment distributor Wesco International to join Internet-appliance maker MyTurn.com Inc. as CFO and COO. Replacing Burleson at the Pittsburgh-based, Fortune-500 Wesco is another Steve, Stephen A. Van Oss. Van Oss, who has been with Wesco since 1997, has served in various accounting and investor relations positions. At MyTurn.com, Burleson replaces interim CFO Jerold Myrben. At Wesco, Burleson made at least $249,171 last year. Burleson is walking away from options on nearly 200,000 shares.
- Getting some R&R is W.H. McAlhaney, who is once again CFO of Recreation USA. McAlhaney had previously spent 10 years as the CFO of the operator of Holiday RV Superstores before assuming other roles at the Ft. Lauderdale, Fla.- based company. He replaces Gary Rodney.
- Go Team: Michael Meltzer was appointed EVP and CFO of Los Angeles-based Team Communications Group, a producer of television programs. The former CFO of Imperial Credit Commercial Mortgage Investment Corp. succeeds Timothy Hill.
- Payphone-maker Davel Communications is making its Marc with new CFO Marc S. Bendesky. Bendesky should know his CFO stuff; he joins Tampa, Fla.- based Davel from Tatum CFO Partners LLP, a CFO-solutions provider. He takes over from William K. Breaden.