Today’s CFOs on the Move:

Top executives hang it up at VDC, while Vulcan makes a logical choice for a new CFO.
Lisa YoonJanuary 3, 2001
  • Forget Long Distance, Call 911:Long- distance telephone services wholesaler VDC Communications Inc. said chairman and CEO Frederick A. Moran and CFO Clayton F. Moran have resigned to maximize cost cuts. The cuts, implemented as a result of mounting losses and an inability to raise cash, include a 48 percent cut in staff and operations, elimination of its Los Angeles wholesale switching facility, and discontinuation of wholesale long-distance operations in general.
  • It’s Logical: Birmingham, Ala.- based Vulcan Materials Co. named Mark Tomkins SVP and CFO effective January 15. Tomkins joins the producer of construction aggregates and industrial chemicals from Great Lakes Chemical Corp., where he was CFO. He succeeds Peter Clemens III, who is retiring after 23 years with the firm. He earned $1.2 million in FY99. At Great Lakes, VP and controller Kevin Mulcrone will be interim CFO.
  • Donaldson Company Inc., a maker of filtration systems and replacement parts, needs a replacement part for its finance team. SVP and CFO Thomas W. Van Himbergen resigned from the Minneapolis-based firm effective immediately.
  • The Matrix is all around you… or all around David Pritchard, anyway. He’s been named CFO and SVP of finance of cancer-drug maker Matrix Pharmaceutical Inc. Pritchard joins the Fremont, Calif.- based firm from CFO and VP of finance and business development at privately-held drug developer Metabolex Inc. He succeeds former COO and CFO David Ludvigson, who resigned in August to join an E-commerce company.
  • Now You’re Talking: Gilat Communications Ltd. appointed Eytan Muzcnik as CFO, replacing Amnon Shemer. The news came along with the Israeli satellite communications company’s announcement that it is repositioning itself as an online education company. It also named Eran Lasser and Ziv Mandl as co- CEOs of the company.
  • Why is Breht Feigh smiling? He’s been promoted to CFO of American Dental Partners Inc., a Wakefield, Mass.-based dental-facility operator. Feigh, who was the company’s VP of strategic initiatives, replaces Ronald Levenson, who left to pursue other opportunities.