A New Beat: RadioShack Corp., the Fort Worth, Tex.-based consumer electronics retailer, named Michael Newman SVP and CFO. Newman was most recently VP and CFO of Columbus, Ohio-based lingerie retailer Intimate Brands Inc., which owns the Victoria’s Secret chain. He left the firm last fall. Newman’s experience also includes four years as CFO of Hussmann International, a manufacturer of refrigerated display equipment and now part of Ingersoll Rand. He succeeds Dwain Hughes, who passed away earlier this year.
At Your Service: The Philadelphia-based William Penn Foundation, a community service corporation, announced that BET Interactive LLC CFO Kathryn J. Engebretson will become the foundation’s president on October 1. Engebretson, who has been a member of the foundation’s board of directors for the past four years, will join the corporation as EVP in July to prepare for the transition. Before her stint as CFO of Washington, D.C.-based BET Interactive, the online entertainment site, Engebretson was CFO of the University of Pennsylvania. Current president Janet Haas will become chair of the corporation, with responsibility for oversight of long-term planning and evaluation.
The Chemistry is Gone: Specialty chemicals maker Cabot Corp. said CFO Robert Culver would resign at the end of the month. The Boston-based company gave no reason for Culver’s resignation. It has begun its search for Culver’s replacement. In 2000, Culver received $341,667 in salary, $250,000 in bonus, and $716,480 in other compensation. He also was awarded $1,071,438 in restricted stock.
In With The Kids: Thomas J. Todorow has been named SVP and CFO of The Children’s Hospital of Philadelphia. Todorow, who is currently SVP and CFO of Harvard Pilgrim Healthcare, will start his new job on June 11. He replaces Louis G. Troilo who is retiring this summer after 20 years at the hospital.
Setting Things in Motion: Parker Hannifin Corp., a Cleveland, Ohio-based manufacturer of motion control products announced the promotion of Michael J. Hiemstra to the position of CFO and EVP of finance and administration. The change is effective July 1, when Don Washkewicz succeeds Duane Collins as CEO.
Getting Back To Business: Fuegotech, a provider of business process management software, appointed Scott G. Chamberlain CFO. He replaces Jim Smith, who has taken a position at software company I2. Chamberlain previously served as CFO for Invisible Worlds.
Working The System: Nishan Systems, a provider of storage networking products, named Howard M. Bailey CFO. Before joining San Jose, Calif.-based firm, Bailey was an executive with C-Cube Microsystems, a Milpitas, Calif.-based semiconductor company.
Independence Day: Independent energy company Plains Resources Inc. named Jere Overdyke Jr. CFO. Overdyke joins the Houston-based company from Enron Corp., where he was managing director of the global markets unit.
He’s Nailed The Position: Building services contractor ABM Industries Inc. announced that George Sundby will take over as SVP and CFO, succeeding David Hebble, who is retiring. Sundby joins San Francisco-based company from Transamerica Corp., where he most recently served as SVP and CFO of Transamerica Finance Corp. In 2000, Hebble received $329,972 in salary and $108,323 in bonus.
With Liberty For All: Liberty Livewire Corp., a Santa Monica, Calif.-based media services company, appointed George Platisa EVP and CFO. Platisa succeeds Jeffrey Marcketta, who resigned to pursue other business opportunities. Previously, Platisa was CFO at Broadband Sports and Pacificare in California.
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