CFOs on the Move

Cablevision; American Axle & Manufacturing Holdings; Apollo Investment Corp.; Waddell & Reed Financial; Heidrick & Struggles International; Nanogen.
Stephen TaubJune 4, 2004
  • Cablevision Systems Corp. has promoted two finance executives in advance of the company’s planned spin-off of its satellite, national programming, and theatre businesses.

Senior vice president John Bier has been named to the additional role of treasurer, and vice president Elizabeth Dolce has been promoted to assistant treasurer. On an interim basis, they will also oversee the company’s investor relations activities. These responsibilities were previously held by Frank Golden, who recently left to take a job at another company.

Cablevision also announced that it has launched an external search for a new chief financial officer to replace William Bell, who will retire at the end of the year. Bell, however, is expected to serve as a consultant to the company until the end of 2007 and to continue serving on Cablevision’s board of directors.

In addition, senior vice president and controller Ray Andersen will also serve as acting principal accounting officer, with continued responsibility for directing the preparation of internal and external financial reports and generating financial data and statistics. He assumes this responsibility from Andrew Rosengard, who will become executive vice president of development, focusing on special projects.

  • American Axle & Manufacturing Holdings Inc. named board member Thomas Martin as vice president-finance and chief financial officer. The company said he will resign from his positions on the board of directors and on the board’s audit committee in order to focus on his new position. He replaces Robin Adams, who resigned to become CFO and chief administrative officer of BorgWarner Inc. in April.
  • Apollo Investment Corp., a closed-end investment company that went public in April, named Richard Peteka as chief financial officer and treasurer. He had been CFO and treasurer of mutual funds at Citigroup Asset Management. Peteka replaces Arthur Penn as Apollo’s treasurer; Penn will remain chief operating officer.
  • Waddell & Reed Financial Inc. named Daniel Connealy as its chief financial officer. He had been finance chief at Stilwell Financial Inc., now called Janus Capital Group Inc. Waddell & Reed also announced that current finance chief John Sundeen will become executive vice president and chief administrative officer of the company’s investment management division.
  • Heidrick & Struggles International Inc. named Eileen Kamerick chief financial officer. She was most recently CFO and executive vice president of Bcom3 Group Inc., a holding company specializing in advertising and marketing services. Kamerick also has held senior finance and legal positions for BP Amoco Corp., GE Capital AFS, and Whirlpool Corp. She sits on the boards of directors of Westell Technologies, Inc. and Stelmar Shipping.
  • Nanogen Inc., which develops and commercializes products for the molecular and point-of-care diagnostics markets, appointed executive vice president and chief financial officer David Ludvigson as its president and chief operating officer, replacing Bruce Huebner. Huebner has resigned to pursue other interests and will remain at Nanogen for several months in a transition capacity.

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