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Hear Ye: Knowles Gets New CFO

Hearing-aid component maker Knowles replaces CFO. Plus: Power Efficiency gets equity boost and a financial chief, ATSI Communications loses its CFO...
Kelly MorganJuly 10, 2002

>>Buzz at Knowles Electronics Holdings Inc. is: James H. Moyle to replace CFO Jim Brace in August… Knowles produces components used in hearing aids, as well as acoustic components used in voice recognition, telephony, Internet applications, and automotive sensors…

>>Power Efficiency Corp. charges up with newly hired CFO Raymond J. Skiptunis… Pres. Stephen Shulman appoints Skiptunis as part of aggressive program of corporate development that began last month with equity investment of $2.5 million by Summit Energy Ventures…

>>Jay Whitwham cleans up as new CFO of Concert Industries Ltd…. Moving from manufacturing and technology into “airlaid nonwovens,” Whitwham steps into world of premoistened wipes and food-packaging pads… Previously VP, secretary, and treasurer of Fletcher Challenge Canada Ltd., Whitwham takes over from departing CFO Carey Edwards…

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>>Pengrowth Management Ltd., manager of Pengrowth Energy Trust, puts its trust in Robert B. Hodgins to take over as CFO next month… Most recent stint for 25-year finance veteran was VP and treasurer of Canadian Pacific Ltd…. Hodgins’s arrival gives interim CFO Gordon M. Anderson more time to devote to duties as VP of PML Financial Services…

>>ATSI Communications Inc. carries on despite departure of CFO H. Douglas Saathoff… To cover, ATSI’s VP, corporate controller, and treasurer J. Christopher Cuevas assumes Saathoff’s responsibilities on interim basis…

>>William D. “Skip” Townsend warms up to FuGasity Corp. as CFO… Townsend served as director of finance for PCB unit of Honeywell Inc. in Minneapolis… Now he’ll deal with flow-control solutions in semiconductor industry…

>>Iowa-based Cycle Country Accessories Corp. designs custom-fitting accessories for all-terrain vehicles (ATVs), and apparently that’s not all they do… Corporate execs there are revving up to take forward role in compliance with new Securities and Exchange Commission regulations…

In late June, quarterly certification requirements for CEOs and CFOs of 947 largest U.S. companies went into effect… While Cycle Country does not meet $1.2 billion threshold that makes certifications mandatory, company president and former CFO Ron Hickman says, “We strongly welcome an environment of truth and accountability.” He’ll be offering his John Hancock with Cycle Country CFO Dave Davis…