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A Cosmetic Change?

L'Oreal gets finance exec from company it owns a stake in. Also: Cirrus Logic gives acting CFO permanent job, Apple's Anderson sells company stock.
Lisa YoonApril 29, 2002

>>L’Oreal gets makeover in finance department, naming Christian Mulliez to replace Michel Somnolet as executive VP of administration and finance… But Mulliez, CFO of Paris-based pharmaceutical company Sanofi- Synthélabo, no new face at L’Oreal… Cosmetics giant owns 19.5 percent stake in Sanofi, which grew out of L’Oreal’s pharmaceutical business…

Mulliez joined Synthélabo in 1984; became finance director in 1998… After merger with Sanofi, rose to CFO, SVP of Sanofi-Synthélabo in October 2000… Current chief auditing officer Marie-Helene Laimay to succeed Mulliez at company…

>>Chip maker Cirrus Logic promotes acting CFO Steven D. Overly to permanent slot as finance chief, SVP… Collecting jobs by the minute… Overly to keep current general counsel slot, continue to oversee human resources…

Overly joined Cirrus from International Wireless Communications Holdings Corp., where he was president, CEO… Prior to that was general counsel at Lockheed Martin Telecommunications and division general counsel at General Electric Astro Space…

>>Shopping-mall operator Madison Marquette named Paul Andrews CFO… Andrews most recently finance chief of Gold’s Gym International, where he oversaw acquisitions… At Madison, will also pay special attention to acquisitions and take care of banking relationships… Before putting on gloves at Gold’s, worked in finance at Marriott International… U.K. native started out with Arthur Andersen…

Compensation Highlights

Apple Computer CFO, EVP Fred Anderson filed to sell 100,000 shares of the company’s common stock, according to a Form 144 released Thursday by the Securities and Exchange Commission… Shares valued at $2.5 million… Shares of Apple traded Friday at $23.88, down 23 cents…

Francis X. McCarthy Jr., CFO, finance EVP of Trump Hotels and Casino Resorts, earned $354,186 in 2001, no bonus… Paltry compared with boss’s earnings… The Don earned $1.5 million… COO Mark Brown earned $1.15 million…

William Garrard of fashion house Mackie Designs earned $210,900 plus $4,082 bonus in 2001… In 2000 earned $185,000 and $73,323 bonus…