>>Qwest Communications CEO Richard Notebaert connects with Oren G. Shaffer, 59, to be new vice chairman and CFO of beleaguered telecommunications company… Before hooking up with Qwest, Shaffer was president and COO of Sorrento Networks and CFO of Ameritech and Goodyear… Replaces Robin R. Szeliga, who hangs on to EVP title, but must now focus efforts on whittling down Qwest’s big pile of debt…

Notebaert recruits three and reshuffles other management-team executives to refocus battered company… Meanwhile, corporate counsel Blake Tempest denies Wall Street Journal report that company under Department of Justice investigation… Could be tough road ahead for Shaffer…

>>Smooth operator Bob Orlando resigns as CFO of Switchboard Inc. after accepting senior management position with privately-held company… Westborough, Mass.-based online directory and directory Web-hosting service provider now officially putting out call for new finance chief…

>>Derivatives Portfolio Management LLC swaps out CFO and puts Steve Mandell in top finance seat… Twenty-year financial-services veteran onetime managing director and product manager of tax and derivative functions at Princeton Financial Systems…

Judy Yellin grabs spot as DPM’s assistant controller… Was senior director of client accounting for ADP/OMR… Derivatives duo will oversee finances and company growth of hedge fund management firm…

>>Reaching Pacific heights… Pacific Mercantile Bank puts money on CPA Nancy A. Gray as EVP and CFO… Has 30 years of banking experience under her belt; was former SVP and executive financial manager for Bank of America Private Bank West in Los Angeles…

>>Twice as nice for W. Douglas Grant, who takes on VP and CFO role for Consolidated Firstfund Capital Corp. and remains VP, operations, and CFO of Vitality Products Inc., a major investment held by Firstfund… Had been Firstfund controller for three years…

Leave a Reply

Your email address will not be published.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