Big Man On Campus

Stanford gets a new finance chief.
Lisa YoonJanuary 24, 2001
  • Scholarly Pursuits: Randall S. Livingston was named VP of business affairs and CFO of Stanford University in Stanford, Calif. Currently CFO of Mountain View, Calif.-based interactive television firm OpenTV Corp., Livingston will replace Mariann Byerwalter in March. Byerwalter, who has served as Stanford CFO since 1996, is resigning to return to the private sector. Livingston received both his undergraduate degree and MBA from Stanford and has long aspired to return to Stanford as an executive, says OpenTV. Now, that’s school spirit.
  • Divided We Stand: Midwestern agricultural chemicals and machinery firm FMC Corp. said its previously-announced plan to spin off its machinery unit is on schedule for later this year. In line with the split, the Chicago-based firm announced the appointment of William H. Schumann III as CFO of the new company, which will be called FMC Technologies Inc. Schumann will continue as CFO of FMC Corp. until the split is complete.

The company also named W. Kim Foster as CFO of the chemicals unit. Foster is currently VP and general manager of agricultural products.

  • How Adorable: Enesco Group Inc., a maker of gifts, collectibles, and decorative accents, named Jeffrey W. Lemajeur as CFO. Currently treasurer of the Itasca, Ill.- based firm, Lemajeur will take over on February 1. He replaces Allan Keirstead, who is resigning.
  • Industrial Strength: Springfield, Mo.-based DT Industries Inc. named John M. Casper to the top finance post. Casper joins the provider of automated production systems from St. Louis-based chemical manufacturer Petrolite Corp., where he was CFO.
  • Food Poisoned: Four former executives of St. Louis-based Aurora Foods Inc., including former CFO M. Laurie Cummings, were indicted yesterday for securities fraud. Cummings, along with former chief executive Ian Wilson, former executive VP Ray Chung, and former VP of finance Dirk Grizzle resigned from their positions last year, during an investigation into a securities fraud scheme to inflate the company’s earnings. The SEC also sued the four executives and four other former employees on related civil charges, which Aurora and two of the former employees agreed to settle.