>> Alan Dix, new CFO, VP, and secretary at telecom-equipment maker Rohn Industries jumps right into hot water when he joins company May 13… Company holding off bank lenders until May 31, expects to amend credit agreement by then… Lenders not taking action for time being on Rohn covenant breach on EBITDA minimum … Company also starting to test and maybe repair flange poles it sells after customer said one pole collapsed…Problem will have “significant, adverse effect” on 2002 results and effect may extend into 2003…
… Dix replaces Bruce C. Paul, partner in Tatum CFO Partners, who’s been interim finance chief since November 2001… Dix most recently treasurer, secretary at privately held Foster & Gallagher… Also held accounting, tax posts at public energy and environmental-services company Cilcorp, telemarketer Customer Development Corp. …
>> San Jose, Calif.-based B2B provider Agile Software Corp. named Carolyn Aver to top finance post amid bad news… Agile not so agile… Lowered fourth-quarter outlook, announced it would slash 15 percent of workforce… Stock took 25 percent dive on news… Down to $6.94 Wednesday afternoon…
Before joining Agile, Aver held finance executive jobs at Autodesk, USWeb/CKS, myCFO.com…Interim CFO Rick Browne goes back to old gig as VP of finance…
>> Medical-research company Medizone International grabs new finance chief from audit firm… Appointed Steve Hanni CFO… Hanni, partner in Stayner & Associates LLC accounting firm… Previously partner with HJ & Associates LLC, Medizone’s independent audit firm…
Hanni began working with Medizone in the fall of 2001 as principal outside accounting officer…Company “was behind on its financial fillings at the time,” says Medizone CEO Edwin Marshall in release… But Hanni “stepped into a difficult situation… [and] his professionalism immediately became evident.”
From the Proxies
CFO Andrew Farina earned a few bucks more in 2001 at 99 Cents Only Stores: $162,300 plus $25,000 to be exact… in 2000 he took home $141,500 with $20,000 bonus…
Richard Surratt, CFO of Atlantic Coast Airlines Holdings , earned $176,192 and $19,370 in 2001… In 2000 earned $164,283 with $24,644 bonus…
James O’Halloran of Pegasystems, now retired, earned $160,000 with no bonus in 2001… Quite a drop from 2000 when he earned $240,000 plus another $50,000 bonus…