A CFO is Not Forever

MacDonald leaves DeBeers Canada to join Forbes Medi-Tech as finance chief.
Lisa YoonFebruary 12, 2001
  • Diamond in the Rough: Canadian biotech firm Forbes Medi- Tech Inc. named Don MacDonald as its new CFO. MacDonald joins the Vancouver, B.C.-based maker of plant-based cholesterol fighting agents from DeBeers Canada Mining Inc., where he was CFO. He takes over from acting CFO Allan Lam.
  • Return on Investment: Roth Capital Partners LLC announced the appointment of Patrick J. Allen as president and COO. Allen, who once served as COO of Roth’s predecessor company, returns to the Newport Beach, Calif.-based investment bank from Chase H&Q, where he was CFO and, most recently, managing director and head of equities.
  • Steel-ing the Show: Steelcase Inc., the world’s largest office-furniture maker, said CFO Alwyn Rougier-Chapman will retire effective April 15, after 18 years. Senior VP of corporate strategy James Keane becomes VP of finance effective today, and will be named CFO upon Rougier-Chapman’s retirement.
  • Verplex Systems Inc. has verified that Anthony Chan has joined the company as CFO and VP of finance and administration. Chan joins the Milipitas, Calif.-based maker of formal verification software from NetFront Communications Inc., where he was president and CFO.
  • Get Rich Quick: Bellevue, Wash.-based Interactive Objects Inc. appointed Rich Barber as CFO. Barber joins the maker of embedded software and hardware for digital audio appliances from KPMG LLP, where he was a consultant. Interactive Objects also named Tony Dirksen as investor relations officer.

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