Thinking Inside the Box

Jack in the Box and Multimedia Games welcome new CFOs.
Lisa YoonAugust 17, 2001
  • Surprise! Fast-food chain operator Jack in the Box Inc. named John F. Hoffner to the posts of EVP and CFO. No stranger to chain-store management, Hoffner joins the San Diego-based company from Cost Plus Inc., where he was EVP of administration and CFO. He has also held senior-level stints at Sweet Factory Inc. and Federated Department Stores Inc. Hoffner replaces Charles W. Duddles, who announced his retirement plans in March. Duddles joined Jack in the Box in 1979 and became CFO in 1985.

    Meanwhile, back at Cost Plus, VP and controller John Luttrell takes the CFO post to replace Hoffner. Luttrell joined the Oakland, Calif.-based warehouse retailer in May 2000 and is expected to help expand the company nationwide.

  • Managers at Multimedia Games Inc. are placing their bets on Craig Nouis. They appointed him CFO of the Austin, Tex.-based company, which provides system services to casinos. Nouis, a former audit partner at an unnamed accounting firm, replaces Frank Rehanek, who will take the job of VP of finance. In a statement released Friday, CEO Gordon Graves said Rehanek requested the move “in order to focus his attention more specifically on areas of finance that he finds more interesting.”

    Gordon also announced that the company raised $14.2 million in the past 60 days as a result of exercising 1.78 million shares of publicly- traded warrants at $8.00 per share. The company also raised $1.3 million in the past 120 days through the exercise of 366,325 options.

  • Managers at business-software maker IManage Inc. announced the resignation of CFO Mark Culhane. Culhane is leaving to take the number-two management post at venture-backed software company DemandTec Inc. Culhane has plenty of start-up experience to take to DemandTec. He helped lead IManage through its 1999 IPO.

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