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Feeling the Crunch

Wild Oats CFO resigns amid announcements of bleak earnings and shelved expansion plans.
CFO.com StaffAugust 13, 2001

No more granola for Mary Beth Lewis. The CFO at Wild Oats Markets Inc. apparently resigned from the job three weeks ago — although management at the natural foods retailer did not make the news public until Friday. Lewis’s resignation comes after the company reported a $3.4 million pro-forma loss and shelved expansion plans. Independent consultant Frances Rathke will take over as interim CFO of the Boulder, Colo.-based company. Rathke is no stranger to the food business: she’s the former CFO of ice cream maker Ben & Jerry’s Homemade Inc.

Galaxy Nutrtional Foods Inc. reached for the stars for its latest CFO pick. The Orlando, Fla.-based packaged-food producer tapped Tatum CFO Partners LLP‘s Jack Gallagher to run its finance department. Gallagher is a partner at Tatum, which contracts CFO services to companies.

Ventiv Health Inc. has tapped John Emery as the company’s new finance chief. Emery’s got a tall task in front of him. The New York-based company, which provides marketing services to the pharmaceutical industry, suffered a sharp decline in second-quarter profits compared to the same period last year. Emery joins Ventiv Health from MedQuist Inc., where he also served as CFO.

How Startup CFO Grew Food Company 50% YoY

How Startup CFO Grew Food Company 50% YoY

This case study of JonnyPops’ success highlights the unusual financial and operational strategies that enabled rapid expansion into a crowded and highly competitive frozen treat market. 

Lodestar Corp. hit the mother Lode with Daniel M. Clarke, its new CFO. Clarke joins the Peabody, Mass., E-business software company from Giga Information Group Inc., where he was SVP and CFO.