Everything Must Go

Mark Shapiro leaves closeout retailer Big Lots; Geac Computer fills vacancy left by Lanaway.
Michelle GabrielleMay 31, 2001
  • Exit This Way: Close-out retailer Big Lots Inc. said CFO Mark Shapiro plans to leave the Columbus, Ohio-based company effective June 15. Shapiro has accepted a senior financial position at Lewisville, Tex.-based wholesale food supplier Fleming Cos. Inc.. Big Lots, formerly known as Consolidated Stores Corp., has started a search for Shapiro’s successor. In the interim, Big Lots vice chairman and chief administrative officer Albert Bell will serve as acting CFO.
  • The Latest Development: Toronto-based software developer Geac Computer Corp. Ltd. appointed Paul Birch CFO and COO. Birch replaces former CFO John Lanaway, who left the company last December for personal reasons. The position of COO is a new position at Geac. Birch will remain a member of Geac’s board of directors, which he joined last September, where he serves as chairman of the audit committee. Before joining Geac, Birch served as COO and CFO of Escher Group Ltd., and EVP at MRO Software Inc., a Bedford, Mass.-based software company.
  • If You Believe In Magic: General Magic Inc., a Sunnyvale, Calif.-based voice applications service provider, announced the appointment of David H. Russian to the CFO post, replacing Rose Marcario, who is resigning from her positions of SVP and CFO. Russian most recently worked at, a private venture-backed Internet software company, where he managed its finance and administration functions. In 2000, Marcario received $250,000 in salary, $74,800 in bonus, and $33,024 in other compensation.
  • Out Of Practice: Medical products maker Quidel Corp. said Charles Cashion has resigned as CFO, effective June 15. Cashion is leaving the San Diego-based company to pursue other opportunities in the early-stage biotechnology sector. Quidel’s search for a successor to Cashion is underway. In 2000, Cashion received $212,112 in salary and $2,915 in other compensation.
  • Come Undone: General Binding Corp., a Northbrook, Ill.-based maker of binding and laminating office equipment, said CFO Terry G. Westbrook resigned to pursue other interests, effective immediately. In 2000, Westbrook received $355,237 in salary, $232,050 in bonus, and $1,464 in other compensation.

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