P.H. Glatfelter Searching for a CFO

Three CFOs resign from their firms.
Michelle GabrielleFebruary 9, 2001
  • Hot off the press: Specialty paper and engineered products manufacturer P.H. Glatfelter Co. named Robert Newcomer president and COO, and said it is searching for a CFO. Newcomer, 52, has been with the York, Pa.-based company since 1972. Formerly executive vice president, Newcomer has directed the Company’s strategic re-engineering initiatives, including the transformation of its global business processes, the realignment of its sales and marketing organization, the establishment of a new information technology platform and the implementation of an enterprise resource planning capability. He will lead day-to-day operations and report to George Glatfelter II, the company’s 49-year-old chairman and chief executive. C. Matthew Smith, 42, who had served as CFO since last June, will become corporate controller upon completion of the CFO search.
  • What a wonderful world: Santa Ana, Calif.-based World Shopping Network Inc.,a provider of internet technology products, announced that Gary Fox will take over the responsibilities of CFO. Fox, a Certified Public Accountant, brings a wealth of experience to the post with an impressive career, including 15 years as a senior partner at a public accounting firm. Fox will also contribute his corporate finance skills in budgeting, revenue enhancement, banking relationships and tax compliance.
  • The cat’s meow: Pet supply retailer PETsMART Inc. named Thomas Liston as its interim executive VP and CFO, replacing Neil Watanabe, who resigned. The Phoenix-based pet supply retailer said Liston will serve in his new capacities until a permanent replacement is found for Watanabe, who is leaving the company to pursue other career opportunities that will allow him to spend additional time with his family. The company said Watanabe will continue with the company for the next several weeks. Prior to joining PETsMART, Liston was most recently VP, finance, secretary and treasurer with Little Switzerland Inc., a specialty retailer of luxury items located in St.Thomas, Virgin Islands. In 1999, Watanabe earned $286,539 in salary, $91,667 in bonus and $18,429 in all other compensation.
  • Stepping down from the crown:
    Charles & Colvard, Ltd., a manufacturer, marketer and distributor of moissanite jewels in Morrisville, N.C., announced the resignation of Mark W. Hahn as CFO, secretary and treasurer. Hahn will continue to serve through Feb. 28, 2001 and has agreed to consult with Charles & Colvard on a part-time basis as requested by the company thereafter. Hahn has accepted a position at a privately-held company. In 1999, Hahn earned $122,000 in salary and $7,750 in bonus.
  • Fly like an eagle:
    Eagle Bancshares Inc., a Tucker, Ga.-based holding company, named Sheila Ray as CFO. Ray replaces LuAnn Durden, who resigned to begin her own business after 14 years at Eagle. Ray has served as the COO of the Tucker Federal Bank unit since joining the company in March 1997. In 2000, Durden took home $120,000 in salary.