Take the Money and Run

CFO leaves for a new job after cashing in nearly $6 million in options.
Michelle GabrielleFebruary 8, 2001
  • A stellar decision: StellarNet, Inc., a Walnut Creek, Calif.- based provider of connectivity solutions for workers’ compensation and integrated disability management industries, announced the appointment of James A. Clark, C.P.A. to the position of senior VP and CFO. His primary responsibilities will be financial oversight of the company’s transaction hub expansion and eStellarNet’s national provider eNetwork implementation. Clark comes to eStellarNet from Alameda, Calif.-based Netopia, an Internet service provider, where he held the positions of VP, CFO, treasurer and secretary, beginning in 1994. In fiscal 2000, Clark took home $174,426 in salary, $1,480 in other annual compensation, $6,000 in bonus and $5,784,430 in exercised options.
  • A new aliant: St. Johns, NF-based Aliant Inc. announced the appointment of Jay Forbes as executive VP and CFO, effective February 26. Forbes joins Aliant with substantial finance experience, having most recently served as CFO for Toronto-based real estate company, Oxford Properties Group.
  • Next in line: Nexsi Corp., a San Jose, Calif.-based provider of network infrastructure solutions, announced the appointment of Stephen Cordial as CFO. Cordial joins Nexsi from Santa Clara, Calif.-based iReady Corp., a provider of networking and Internet connectivity solutions, where he served as senior VP and CFO.
  • What’s new in the NAME: Toronto-based, NAME Inc., an integrator of Internet applications, named David Adams as CFO. In his new role, Adams will direct all financial operations for NAME and provide strategic direction for investor relations. Prior to joining NAME, Adams worked as COO/CFO at SoftQuad Software Inc., a publicly-traded company specializing in XML content management, where he was responsible for operational, financial and investor activities.