Apple CFO on Board at 3Com?

Apple CFO up for board seat at 3Com; plus other comings and goings.
Lisa YoonAugust 15, 2001
  • Bingo! Littlefield Corp. has a winner. Management at the Austin, Tex.-based bingo-hall operator promoted Kathy Scanlon to CFO and chief administrative officer. Scanlon was previously the company’s controller. Prior to working at Littlefield, Scanlon served as CFO at Southwest Recreational Industries.

    Littlefield has witnessed a decrease in revenue this year, with net income down 26 percent through the end of June. The drop off is not overly surprising, however, since the company shut down its entire South Carolina gaming operation in 2000.

  • Order the comfy chair for Jerald Dittmer. Dittmer was named vice president and CFO at Muscatine, Iowa-based office-furniture maker Hon Industries Inc. Dittmer succeeds David Stuebe. In April Stuebe switched jobs, taking over as vice president of finance and controller of Hearth Industries Inc., Hon’s fireplace business.
  • William Gorin is going for brokerage. Gorin, executive vice president at America First Mortgage Investments Inc., has been named the company’s new CFO. Gorin replaces Gary Thompson, who, according to a statement released by CEO Stewart Zimmerman, will “remain active” at America First Cos.
  • James Sylvester is claiming his prize as the new CFO of BGI Inc., an Austin, Tex.-based provider of instant-cash sweepstakes games. Sylvester should be pretty familiar with the operation at BGI. Prior to taking over as CFO at the sweepstakes company, Sylvester was finance chief at Wescom Consulting, BGI’s recently retained management advisor.
  • Fred Anderson, CFO at Apple Computer was nominated as a director at 3Com, the Santa Clara, Calif.-based networking company. Anderson is up for one of four new positions on the board.

Anderson moved to Apple in 1996, coming over from ADP. In his stint as Apple CFO, Anderson is credited with helping turn around the once struggling computer maker. He helped solve the company’s liquidity crisis by launching a major convertible bond offering. Anderson has also implemented a number of asset management improvements at Apple.