People

CFOs on the Move

Ford; Maidenform; Crane; SAS; Cendant; Ingram Micro; Wabash National; MSC Software; Flowserve; Envox Worldwide; Maxtor; SurfKitchen; Kavado; MasTec...
Lisa YoonOctober 22, 2004

• Ford Motor Co. assistant treasurer Ann Marie Petach, who has been with the company for 20 years, was promoted to vice president and treasurer. She replaces and will report to Malcolm (Mac) Macdonald, who was named vice president of finance. Macdonald will continue to report to Ford chief financial officer Don Leclair. Meanwhile, Peter Daniel was named vice president and chief operating officer for Ford’s Asia-Pacific and Africa operations, effective November 1. Daniel, who joined the automaker in 1974, is currently controller of the company’s Americas operations.

• New York-based intimate-apparel maker Maidenform Inc. named Dorvin D. Lively executive vice president and chief financial officer, effective November 8. Previously he was senior vice president and corporate controller at Toys “R” Us Inc. He has also been the CFO of Silverado Foods Inc. and served in finance positions with The Reader’s Digest and with PepsiCo Inc.

• Stamford, Connecticut-based diversified manufacturer Crane Co. announced a search for a new chief financial officer. Current CFO George S. Scimone has been on a medical leave of absence since March and has decided to go on long-term disability at the end of October. President and chief executive officer Eric C. Fast has been serving as acting CFO.

How Startup CFO Grew Food Company 50% YoY

How Startup CFO Grew Food Company 50% YoY

This case study of JonnyPops’ success highlights the unusual financial and operational strategies that enabled rapid expansion into a crowded and highly competitive frozen treat market. 

• Kevin Thompson, who resigned as Red Hat’s chief financial officer this summer, was named chief financial officer of Cary, North Carolina-based SAS, the world’s largest privately held software company. Thompson, who had joined Red Hat in 2000 from PricewaterhouseCoopers, will be SAS’s first finance chief in two years.

• New York-based Cendant Corp., which provides travel and residential real estate services, promoted chief financial officer Ronald L. Nelson to president. Nelson, who will also continue as finance chief, joined Cendant in April 2003. Previously he was co-chief operating officer at film studio DreamWorks; he has also served as executive vice president, CFO, and director at Paramount Communications Inc.

• Thomas A. Madden, executive vice president and chief financial officer of Ingram Micro Inc. since 2001, is leaving the Santa Ana, California-based technology distributor for academia. The company announced that Madden will take early retirement on April 1 to teach at the University of California at Irvine’s Graduate School of Management. Corporate vice president and corporate controller William D. Humes will assume the post of CFO; he joined Ingram Micro in 1998 as senior director for worldwide financial planning, reporting, and accounting.

• Lafayette, Indiana-based trailer manufacturer Wabash National Corp. named Robert J. Smith senior vice president and chief financial officer. Smith, who joined Wabash National in March 2003 as vice president and corporate controller, has been acting CFO since June. His previous positions include director of finance for KPMG Consulting Inc., vice president and controller for Great Lakes Chemical Corp., and various divisional CFO positions at Olin Corp.

• John Laskey joins MSC Software Corp. as senior vice president and chief financial officer. Laskey, who was most recently vice president and CFO of Webplan Inc., held those same titles at Quest Software Inc. Santa Ana, California-based MSC provides companies with simulation software and services for product testing.

• Dallas-based Flowserve Corp., which develops engineered and industrial pumps, seals, and valves, announced that vice president and chief accounting officer Richard J. Guiltinan is planning to leave the company. Guiltinan said that he intends to work closely with Mark J. Blinn, who last week was named vice president and chief financial officer, to ensure a smooth transition.

• Larry L. Mihalchik has joined Westborough, Massachusetts-based Envox Worldwide as senior vice president and chief financial officer. Before joining this voice-solutions specialist, Mihalchik held senior finance and CFO positions at companies including Clare Inc., Atex Media Solutions, M/ACom, The Timberland Co., and Chomerics Inc.

• Milipitas, California-based Maxtor Corp., which produces disk drives and data storage solutions, announced that executive vice president and chief financial officer Michael Bless resigned for personal reasons. President and chief executive officer Paul Tufano is stepping in as acting CFO while the company searches for a permanent replacement.

• Jamie Gunn joins Reading, England-based software maker SurfKitchen
as chief financial officer. Gunn moves from Netscalibur, a European Internet service provider, where he held the positions of CFO and, later, managing director.

• Kavado Inc., a privately held maker of Web-application security solutions based in Stamford, Connecticut, tapped David J. Toole as chief financial officer. Toole was most recently finance chief of Transcentive Inc.; he has also held CFO positions at Radio Computing Services and Alliance Entertainment Corp.

• Coral Gables, Florida-based network specialist MasTec Inc. appointed C. Robert Campbell as executive vice president and chief financial officer. Campbell previously held those posts at Timco Aviation Services Inc. He has also been president and chief executive officer of BAX Global Inc. and executive vice president of finance and CFO for Advantica Restaurant Group Inc.

• Woodside Petroleum announced that chief financial officer Doug Bailey would depart at the end of the month “by mutual agreement.” The oil and gas producer has begun an international search for a replacement. Treasurer Troy Hayden, who has been with the company since 1996, will take over as acting CFO.