Auto parts maker BorgWarner Inc. has found a CFO replacement in George Strickler, who succeeds Larry Skatoff. The Chicago-based company said in a statement that Skatoff is retiring for personal family reasons. He will continue to work with BorgWarner on a consulting basis. Strickler most recently served as CFO of Lake West, a retail consulting firm. Prior to that, he spent 30 years with Goodyear Tire & Rubber Co., where his positions included VP of finance for North American tires, and corporate VP of financial operations and comptroller.
Shift Change: Restaurant chain Brinker International Inc. said executive VP and CFO Russell Owens resigned. The company named Charles Sonsteby, an 11-year Brinker veteran, as acting CFO . Owens had worked at Dallas, Tex.-based Brinker for more than 17 years. In 2000, Owens took home $398,462 in salary, $384,702 in bonus and other compensation and $322,225 in exercised options.
Bitter Departure: Park Electrochemical Corp., a maker of materials for printed circuit boards, said that CFO F. Gordon Bitter resigned. The Lake Success, N.Y.-based company named Murray Stamer as SVP of finance to take over Bitter’s responsibilities. Stamer will not take the CFO title. Stamer joined Park in 1989 and served as assistant corporate controller, then as corporate controller, and treasurer. The company said that Bitter left to pursue other interests.
Changing Signals: Fremont, Calif.-based Insignia Solutions named Al Wood CFO, replacing Stephen Ambler. Wood was recently the CFO of Cohera Corp., a provider of content integration software for E-business. Ambler left Insignia to pursue other opportunities. He had been with the company since 1994.
Look Who’s Been Carded: Providian Financial Corp., a San Francisco, Calif.-based credit card company, announced that CFO David Petrini has been promoted to vice chairman. Petrini will be responsible for overseeing finance, technology, and administration. Jim Rowe, previously the company’s president of global e- commerce, has been named CFO. In 1999, Petrini took home $254,423 in salary, $240,024 in bonus, and $97,483 in all other compensation.
A New Appointment: NMT Medical Inc., a Boston, Mass.- based health care equipment maker, appointed Richard Davis as VP and CFO, replacing William Knight, who resigned in August. Over the past year, Davis has been working for NMT as a consultant, drawing up the company’s cash flow structures. He has more than 20 years of experience in a number of financial areas, including expense management, business and strategic planning, accounting, and operational controls. In 1999, Knight earned $160,414 in salary and $9,000 in bonus.
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