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McDonald's CFO Conley to retire.
Lisa YoonMarch 7, 2001
  • Conley to Go: McDonald’s Corp. announced today that CFO Michael Conley is retiring. The Oak Brook, Ill.-based fast-food chain has launched a search for his replacement. According to a company statement, Conley had been planning to retire for personal reasons for some time. He has been with McDonald’s for 26 years, during the last three of which he held the CFO post.
  • Mike Harreld is about to experience some southern hospitality. Atlanta-based energy company Southern Co. said it named Harreld as CFO and controller of Southern Co. Generation and Energy Marketing, the company’s generation and energy trading unit. Harreld will also be CFO of the company’s Southern Power Company, which manages Southern Co.’s competitive generation assets. Harreld previously served as CFO of Mirant Corp.‘s European group in Amsterdam.
  • When privately-held application service provider Terion Inc. considered William Anderson for its CFO post, all signs pointed to yes. Anderson, who was once CFO of tax giant H&R Block, was named finance chief of the Melbourne, Fla.-based firm, succeeding former CFO Frank Armstrong, who was promoted to COO. Anderson ended his tenure at Block with a stint as president and CEO of Block Financial Corp. In addition to his work at Block, Anderson was, most recently, president and CEO of Bankrate Inc.
  • In the latest experiment in the chemical industry, E-marketplace Elemica Inc. appointed Mark Kerschner as its new CFO. Kerschner joins the Philadelphia-based firm from BASF Corp., where he was SVP and treasurer.
  • Nordic Track: Storebrand, Norway’s largest insurer, said Lars Loddesol will join as treasurer on June 1. He will replace Christian Storm, who left earlier this year to join Telenor, Norway’s largest telecom firm. This is the latest management announcement since October, when former CEO Age Korsvold was forced to resign amid a stock option scandal. Korsvold was replaced by then-CFO Idar Kreutzer. After Kreutzer’s promotion Storebrand decided to eliminate the CFO position, instead upgrading the treasurer and chief controller posts to executive levels.