Flying Colors

Sherwin-Williams loses its CFO, and other financial shuffles.
Jennifer CaplanAugust 9, 2001
  • Larry Pitorak, CFO and treasurer at Cleveland-based paint maker Sherwin-Williams Co., has decided to jump ship after twenty-eight years with the company. Sean Hennessy, the former vice president and controller of the consumer group, will succeed him. Pitorak’s departure comes only weeks after company management reported a drop in second-quarter earnings and lowered its full-year earnings- per-share forecast.
  • Cadmus Communications Corp., a publishing services company based in Richard, Va. has apponted Stephen Hare chief financial officer, executive vice president and treasurer. Interim CFO Bruce Willis (the other Bruce Willis) will return to his prior position as vice president and controller on September 24, when Hare officially takes over the reigns.
  • Steven F. Schiffman has rolled his way to the top finance spot at G-Log, a provider of global logistics and transportation software. Schiffman will oversee the company’s controllership, treasury, tax and financial planning. He brings considerable financial expertise to the Shelton, Conn.-based company with some fairly well chiseled financial muscles. He has more than 15 years of financial experience, particularly with capital structuring and funding, mergers and acquisitions, tax and strategic planning. Prior to joining G-Log, Schiffman was CFO at a $1.5 billion international telecommunications company.
  • Captus Networks, a manufacturer of security hardware devices, has locked up Joseph R. Williams as the company’s new chief financial officer. He will be responsible for overseeing all financial operations, including administration, venture funding, mergers and acquisitions, and initial public offering activities at the Woodland, Calif.-based company. Williams was most recently CFO at Blue Fox, Inc., a start-up semiconductor manufacturer.