CFOs on the Move

CNA Financial; Cisco Systems; Silicon Laboratories; AMI Semiconductor; LandAmerica Financial Group; Aetna.
Stephen TaubApril 30, 2004
  • Robert Deutsch will step down as chief financial officer of CNA Financial Corp. as soon as a search for a new finance chief has been completed. Deutsch joined CNA in 1999 after having served as finance chief of Executive Risk Inc. for 10 years. He said that his family life “has suffered under the demands of my job, especially since I commute between my home in Hartford and my office in Chicago.”
  • Betsy Rafael, vice president, corporate controller, and principal accounting officer of Cisco Systems, was named to the board of PalmSource Inc. She has 18 years of finance and operations experience at small and large high-tech companies.
  • Russ Brennan, chief financial officer of Silicon Laboratories Inc., returned to his job Thursday from medical leave. The company said Brennan had undergone successful treatment but did not provide further details. John McGovern, Brennan’s predecessor as well as the interim CFO during Brennan’s absence, will continue to work for the company on special projects.
  • David Henry has been tapped as chief financial officer by AMI Semiconductor. Henry comes to AMIS from Fairchild Semiconductor International Inc., where he served as vice president of finance for worldwide operations. In that role, he was responsible for all financial operations for Fairchild’s product divisions and manufacturing plants. Henry succeeds Mike Salvati, the interim finance chief since February 12.
  • David Walsh was promoted to senior vice president and general auditor for LandAmerica Financial Group Inc., a provider of real-estate transaction services. He will report directly to the board’s audit committee, with a dotted-line report to the company’s general counsel, Michelle Gluck. Previously, the person in Walsh’s new position has reported up through the CFO, according to the company. Walsh previously was the company’s audit manager of corporate operations and information technology.
  • Aetna named Craig Callen as a vice president to handle merger-and-acquisition strategy. He was formerly chief of health-care investment banking at Credit Suisse First Boston.