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AFLAC Changes its Guard

AFLAC's Cloninger becomes president, while Sonicblue snags former Gateway CFO.
Michelle GabrielleMay 8, 2001
  • Rest Assured: Supplemental health insurer AFLAC Inc., announced that co-founder and chairman Paul Amos retired, to be replaced by his son, Daniel Amos. The Columbus, Ga.-based company also named CFO Kriss Cloninger as president. Cloninger, who will remain CFO, will also become a member of the board of directors. In 2000, Cloninger took home $500,000 in salary, $538,125 in bonus, $23,340 in restircted stock awards, and $4,731 in other compensation.
  • A New Dimension: 3-Dimensional Pharmaceuticals Inc., an Exton, Penn.-based drug developer, named SmithKline Beecham Plc executive John Gill as EVP and CFO. Gill fills a months-long vacancy at 3-Dimensional. The previous CFO Michael Wassil left the position late last year, a spokesman said. Gill joined SmithKline Corp. in 1979 and was promoted to CFO of SmithKline instruments medical ultrasound division the following year.
  • Super Sonic CFO: Internet technology company Sonicblue Inc. announced the appointment of John Todd as CFO and COO. Before joining Santa Clara, Calif.-based Sonicblue, Todd most recently served as SVP and CFO of computer maker Gateway Inc. At Gateway last year, Todd took home $412,500 in salary, $224,400 in bonus, and $26,693 in other compensation.
  • The Missing Piece: Elkhart, Ind.-based, electronics- component manufacturer CTS Corp. announced that Vinod Khilnani has been appointed SVP and CFO. Previously, Khilnani was VP and corporate controller of automotive-components company Metaldyne Corp., which was created when Simpson Industries Inc. and MascoTech merged in December 2000.
  • We Have Lift-off: Cascade Corp., a Portland, Oreg.-based maker of lift truck attachments, forks, and accessories, appointed Richard S. Anderson as SVP and CFO. He succeeds Kurt Wollenberg, who announced his resignation as SVP, CFO, and secretary. Anderson was previously SVP of the company’s international division.
  • A New Concoction: Lake Success, N.Y.-based chemical products supplier Aceto Corp. appointed Douglas Roth as CFO. Roth replaces Donald Horowitz, who is retiring at the end of May. The company did not indicate Roth’s last position. Aceto also said it had won an arbitrated decision in a $7 million lawsuit brought against the company alleging wrongful termination and employment discrimination related to an acquisition. The company said the claims were totally dismissed and the termination was ruled lawful.
  • Caught The Cab: Taxi-top advertising company Medallion Financial Corp. said James Jack Jr. was named CFO, succeeding Dan Baker, who had left the New York-based company in December to pursue other interests. Jack had spent most of his career at finance company Associates First Capital, which was acquired by Citigroup Inc. last year, where he served as director and CFO. Most recently, Jack was CFO at recreational vehicles maker Coachmen Industries Inc.. There he earned $250,000 in salary and $8,444 in other compensation in 2000.
  • Hecla Mining Co., a Coeur d’Alene, Idaho-based mining company, struck gold when it discovered Phillips S. Baker Jr., who recently joined the company as VP and CFO. He was most recently with Battle Mountain Gold, where he was VP and CFO.
  • The Ants Are Hiring One By One: Ants Software Inc., a Burlingame, Calif.-based developer of technologies that accelerate online transaction processing, announced that Michael W. O’Connor has joined the company as consulting CFO. O’Connor has spent the last five years at Bank of America, where he served as a SVP and finance executive.