People

Hillenbrand Digs up a New CFO

New financial honchos at Message Media, Niku and several others.
Michelle GabrielleFebruary 27, 2001
  • Stayin’ Alive: Batesville, Ind.-based funeral and health- care services firm, Hillenbrand Industries Inc. named Scott Sorensen as CFO, effective March 1. Sorensen succeeds Donald Barger, who resigned to become CFO at Yellow Corp., an Overland Park, Kans.-based transportation services provider. Sorensen, 39, previously was executive VP and CFO, treasurer, for Pliant Corp. (formerly Huntsman Packaging Corp.) of Salt Lake City since 1998. In 1999, Barger took home $306,058 in salary and $45,913 in all other compensation.
  • Sealing the Deal:
    Crown Cork & Seal Co., , a Philadelphia-based supplier of packaging products, announced that Alan W. Rutherford, its executive VP and CFO, was elected to serve as vice-chairman of the company’s board. Rutherford, 57, has been with Crown for 27 years. In addition, John W. Conway, 55, has been elected chairman of the company’s board of directors, effective immediately. He succeeds William J. Avery, a long-time chairman of the company, who has retired. Conway has been with Crown for 26 years in positions of increasing responsibility for both domestic and international operations. He was appointed CEO following Avery’s retirement from that position in January. In 1999, the last year for which compensation data is available for Crown Cork, Rutherford took home more than 620,000, mostly from salary and bonus.
  • All’s Fair at WorldStor: Fairfax, Va.-based WorldStor, Inc., a storage service provider, appointed Scott Yancey as its new CFO. Yancey brings over 25 years of financial and operational experience to WorldStor. Prior to this appointment, he was with Dublin, Calif.-based Network Access Solutions, an integrator of wireless network solutions. He also spent 16 years as the CFO at Cable & Wireless’ U.S. Operations, and served as General Manager of its Data Division before joining NAS. WorldStor recently received $39 million in funding.
  • Message Alert: Boulder, Colo.-based MessageMedia, Inc., a provider of permission-based, e-mail marketing and messaging solutions, announced the appointment of William E. Buchholz as CFO. Prior to MessageMedia, Buchholz served for seven years as senior VP and CFO of Nalco Chemical Co., a specialty chemical company in Naperville, Ill.
  • It’s Now or Never:
    InfoNow Corp., a Denver-based provider of enterprise channel management solutions, announced the appointment of Harry R. Herbst as CFO, effective immediately. Prior to joining InfoNow, Herbst served as executive VP and CFO at Englewood, Colo.-based ICG Communications, Inc., a network connections provider.InfoNow’s former CFO, Kevin Andrew, will remain as VP of finance and administration. In 1999, Andrew took home $98,998 in salary and $25,000 in bonus.
  • Mark These Words:
    Mark Nelson, CFO of Redwood City, Calif.-based software vendorNiku Corp., is leaving the company to spend more time with his family. Niku’s president of worldwide business relations, Josh Pickus, will assume the role of interim CFO until the company finds a permanent replacement. Nelson, 42, joined Niku in August of 1999, from Mountainview, Calif.,-based Synopsys Inc., a maker of electronic design software for the microprocessor industry.
  • Using the Source: Source Media Inc., a Dallas-based developer of media content, advertising and technology, named Benjamin Douek as its new CFO. Douek most recently served as senior VP, CFO and board member at Marina del Rey, Calif.-based AdStar.com, which provides a channel for classified advertisement placement on the Internet. Source Media’s previous CFO, Paul Tigh, left the company for personal reasons, a company spokeswoman said. While she could not confirm when Tigh left the company, she said Douek’s appointment became effective today. In 1999, Tigh took home $185,000 in annual compensation.