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Coke No Longer It for One-Time Coke CFO

Jack Stahl leaves Coca-Cola (Update).
Lisa YoonMarch 6, 2001
  • Jack Stahl is no longer enjoying Coca-Cola. The one- time finance chief of Coca-Cola USA has resigned as president and COO of the Atlanta-based beverage firm, after a long-time clash with chief executive Douglas Daft. The move comes as Daft restructures the company, splitting the group into four units: Americas, Asia, Europe/Africa, and New Business Venures, with the head of each unit reporting to Daft. He is also eliminating the need for a president/COO position. According to today’s Financial Times, the current structure now resembles that put in place by former CEO Douglas Ivester.
  • Cabot Microelectronics Corp. has picked a pop star as its new CFO. The Aurora, Ill.-based materials supplier to the semiconductor industry named former PepsiAmericas Inc. CFO Martin Ellen as VP and CFO. At PepsiAmericas, Ellen earned $588,000 in FY1999.
  • Steel-ing Away: National Steel Corp. announced that CFO Glenn Gage resigned. The news came with the announcement that chairman and chief executive Yutaka Tanaka also resigned from the Mishawaka, Ind.-based steel producer. Board member Hisashi Tanaka will step in as chairman and CEO. The company has not indicated who will replace Gage.
  • When Evoke Communications Inc. was looking for a new finance chief, the name Nicholas Cuccaro came to mind. The Louisville, Colo.-based Web conferencing firm appointed him as CFO, replacing Terry Kawaja, who is resigning. Cuccaro joins Evoke from NetLibrary, where he was executive VP and CFO.
  • ImmunoGen Inc. has TAP-ped into investment bank Adams, Harkness & Hill for its new finance chief. The Cambridge, Mass., biotech firm which develops tumor-activated prodrugs (TAPs) for cancer treatment named Gregg Beloff as its new CFO. Beloff was a VP in the healthcare investment banking group of Boston-based Adams, Harkness & Hill.
  • Matthew Fossen is moving up the ranks on the Viking ship. The former CFO of Viking Capital Group Inc. was promoted to president, effective March 1, the Dallas-based insurance firm announced today. Fossen will continue in his duties as CFO, treasurer, and secretary.
  • Welcome Home: Las Vegas-based World Homes Inc. named Jason Thompson as its new CFO. Thompson joins the maker of fire- and earthquake-proof building materials from the Wisconsin Women’s Health Foundation, where he was treasurer and a board member.

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