Big Gulp: Energy Exec Jumps to 7-Eleven

Former CFO at Covanta, Oryx makes switch to retail. Also: Dendrite, CCC GlobalCom get new finance chiefs.
Jennifer CaplanJanuary 23, 2002
  • Managers at Dallas-based convenience retailer 7-Eleven, Inc. hired Edward Moneypenny as the new head of finance. Moneypenny will also serve on the company’s executive committee.

    Prior to joining 7-Eleven, Moneypenny was executive vice president and CFO at Covanta Energy Corp. a developer of power generation projects based in Fairfield, New Jersey. Before that, he was CFO at Florida Progress Corp., a diversified electric power company. While at Florida Progress, Moneypenny helped arrange the company’s $8 billion merger with Carolina Power & Light Co. (which subsequently changed its name to Progress Energy Inc.) Moneypenny also served as CFO at Dallas-based Oryx Energy Co., where he helped manage the merger between Oryx and Kerr-McGee Corp. He earned an undergraduate degree from Saint Joseph’s University, and a master’s degree from the College of Commerce at the University of Illinois at Urbana-Champaign.

    7-Eleven posted a $41.4 million net profit in the third quarter, about the same as the year before. The company operates or franchises approximately 5,800 stores in the United States and Canada and licenses more than 16,800 stores in 17 other countries and U.S. territories throughout the world. Their Slurp-ees are most excellent.

  • Luke Beshar is the new finance chief at Dendrite International Inc., a developer of marketing management software for pharmaceutical companies. Beshar succeeds George Robson, who has been named executive vice president of the Morriston, New Jersey-based company. Robson will now work with chairman and CEO John Bailye on corporate strategy and development.

Prior to joining Dendrite, Beshar was CFO at Expanets Inc. a voice and data company. Before that, he served as senior vice president and CFO at PNY Technologies Inc., a global manufacturer of personal computer memory modules. Beshar began his career at Arthur Andersen. He received a B.A. in accounting from Michigan State University, and is a graduate of The Executive Program from the Darden Graduate School of Business at the University of Virginia.

How Startup CFO Grew Food Company 50% YoY

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  • Officials at CCC GlobalCom Corp., a Houston-based telecom company, hired Stephen Garcia to head up the company’s finance department. He replaces Gary Allcorn, who left GlobalCom to pursue other interests. Garcia became an employee of CCC in November when the company acquired Incomnet, Garcia’s old employer.

    Garcia served for two years as CFO of Incomnet, a reseller of communication services to business and residential customers. While there, he secured $20 million in financing for the company and helped oversee a corporate restructuring. Prior to his position at Incomnet, Garcia was controller at Melles Griot, a manufacturer of fiber optic products. He began his career at Deloitte & Touche, where he served as senior auditor for five years. Garcia holds a B.S. in accounting from the University of Southern California.