No Vacancies: Cendant Corp. the world’s largest hotel franchiser announced it would name Kevin M. Sheehan, president of corporate and business affairs at Avis Group Holdings Inc., as CFO following the completion of the company’s acquisition of Avis, the rental car chain. Duncan H. Croft will serve as interim CFO, effective immediately. David M. Johanson, Cendant’s previous CFO, has decided to pursue opportunities elsewhere. The acquisition of Garden City, N.Y.-based Avis is expected to close in the first quarter of 2001.
Good Deal: FairMarket Inc., a provider of dynamic pricing solutions for online companies announced that Janet Smith was named CFO, after serving at ByAllAccounts.com as CFO, secretary and treasurer.
Soft Landing:Global broadband Internet services company, SoftNet named Garret J. Girvan, who is also the company’s CEO, as CFO. Girvan will replace Markus Rohrbasser, who leaves to continue his dual role as chairman and president of Capital Management and Centerprise Services, Inc. The move follows Dr. Lawrence B. Brilliant’s departure as SoftNet chairman and CEO.
Farewell Forbes: Forbes Medi- Tech Inc. CFO, Ian Bradley announced his resignation, effective, January 15, 2001. Bradley is leaving the Vancouver, B.C-based company for personal and family reasons, and to pursue the opportunity to take on the presidency of a publicly traded company. Forbes announced it is looking to find a suitable replacement as quickly as possible. Alan Lam, director of finance and taxation, will assume the position of acting CFO on an interim basis.
Mr. Cool: Lennox International, a maker of heating, ventilation, and air conditioning products, announced the appointment of Richard Smith as CFO. Smith joins the Dallas- based company from ZoneTrader.com, an online asset management company, where he served CFO and chief administrative officer. Smith replaces Clyde Wyant, Lennox’s former CFO, who last year announced his intention to retire.
Stream It On: MedioStream Inc., a media compression and streaming video company, announced that Philip F. Otto, former chairman and CEO of California Microwave Inc., has become CFO.
Get the newsletter
CFO’s The Balance brings the most important finance reporting to your inbox.