Morning Becomes Electric: Kellogg Gets New CFO

Plus: Reliance Steel, Interactive Intelligence gain finance chiefs, FEI loses theirs.
DeAnn ChristinatJanuary 29, 2002

— Hillsboro, Ore.-based FEI Co. recently announced that CFO John Hodgson is leaving the company. Hodgson will be succeeded by interim chief Steven Loughlin until a permanent successor has been named. The company also said goodbye to its founder and chairman Dr. Lynwood Swanson, who will be replaced by Vahe Sarkissian, president and CEO.

There was some good news, however, as the semiconductor equipment maker also reported on Monday that fourth-quarter cash earnings had grown from $10.4 million one year ago to $10.6 million. In addition, revenue jumped from $94.9 million to $96.6 million.

Reliance Steel & Aluminum Co., which is located in Los Angeles, promoted senior vice president and CFO Karla McDowell to the position of executive vice president. McDowell will retain her position as CFO. In addition, COO Gregg Mollins took on the role of president.

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McDowell has been with Reliance since February 2000, while Mollins has been at the company for seven years.

Interactive Intelligence’s interim chief of finance Keith A. Midkiff has moved up the corporate ladder. Midkiff was recently named permanent CFO at the developer of interaction management software. The company is headquartered in Indianapolis.

Midkiff had been serving as temporary CFO since the October 2001 departure of Michael Tavlin. Prior to that appointment, Midkiff was vice president of finance and controller at Interactive.

Before joining Interactive, Midkiff, who has an M.B.A. from Indiana University and a B.S. in accounting and finance from Ohio State University, was CFO of Alta Analytics.

— Cereal giant Kellogg Co. has appointed John Bryant as CFO, replacing Thomas Webb, who is leaving the company. The transition becomes effective February 1 at the Battle Creek, Mich.-based company.

Bryant was formerly CFO of Kellogg USA, where he was responsible for managing the execution teams during the company’s acquisition of Keebler Foods.