>> Problems continue for energy marketing and trading company Dynegy Inc…. On Wednesday, company said CFO Rob Doty resigned amid company’s restructuring effort, which includes 340 layoffs… Dynegy’s image, like that of others in energy industry, has suffered since Enron scandal, with regulators’ lens trained on accounting and trading practices…

Last month, Dynegy chairman and chief executive Chuck Watson resigned after feds began investigation of company’s involvement in bogus “round trip” energy trades and natural-gas deal designed to reduce company’s tax burden…

Doty, 44, had worked for Houston-based Dynegy for 10 years and had served as CFO since 2000… Louis Dorey, president of Dynegy’s energy marketing and origination unit, will replace him… Dorey joined company in 1997…

>> Constellation Energy Group CFO Follin Smith announced that James K. Walkington will join as CFO of Constellation Generation Group… Walkington joins Constellation from Raymond Professional Group Inc., where he had been VP and CFO since January 2001… Before that, worked at Commonwealth Edison Co. (since 1975), where he served as VP of financial services since 1995… Walkington was responsible for that electric utility’s financial and business planning process, benchmarking, financial performance measurement, financial forecasting, financial information systems, and shared financial services…

>> Vincent J. deSostoa sailing to top finance spot at marine-transportation provider Seabulk International Inc…. He most recently served as CFO at Zeosoft Corp…

deSostoa joins Seabulk as it embarks on effort to improve capital structure with $100 million equity investment and new bank credit facility… Before his job at Zeosoft, deSostoa spent 11 years as SVP and CFO of tanker operator OMI Corp…. In mid-1980s deSostoa was CFO for the New York City Transit Authority, where he helped reengineer agency’s financial systems…

>> Title insurer First American Title Insurance Co. promoted John R. Thoma to CFO post… Thoma had been First American’s northwest regional controller and CFO at company’s Oregon subsidiary.

Leave a Reply

Your email address will not be published. Required fields are marked *