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CFOs on the Move

Nortel; Citigroup; Royal Philips Electronics; Limited Brands; Carlson; Atari; San Francisco Chronicle; Allied Holdings; Approva; Dean Foods; StubHu...
Lisa YoonJanuary 28, 2005

• Peter Currie will begin his second stint as chief financial officer of Toronto-based Nortel Networks Corp. on February 14. Currie was the tech company’s finance chief from 1994 to 1997; most recently he was vice chairman and CFO of RBC Financial Group.
Currie succeeds William Kerr, who is stepping down.

In addition, Nortel controller MaryAnne Pahapill has accepted a position with another company. As of February 7, assistant controller Karen Sledge will assume the role on an interim basis.

• Financial-services giant Citigroup Inc. announced that controller and chief accounting officer William P. Hannon will retire effective March 21. He will be succeeded by John C. Gerspach, chief financial officer and chief administrative officer of Citigroup Latin America. Previously, Gerspach served as chief administrative officer of Citigroup e-Business from February 2000 to April 2002.

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• Pierre-Jean Sivignon has been named the chief financial officer of Amsterdam-based Royal Philips Electronics, succeeding Jan Hommen, who will take his planned retirement as of May 1. Sivignon is currently CFO at Faurecia SA, a supplier of automotive equipment. From 1982 until early 2001 he worked for the Schlumberger group, where he held various positions in general management, treasury, business development, and control in Paris and New York.

• Columbus, Ohio-based Limited Brands Inc. announced that Martyn R. Redgrave has been named to the new position of executive vice president and chief administrative officer. Redgrave joins the Limited after 11 years at hospitality group Carlson Cos. Inc., whose brands include Radisson Hotels and T.G.I. Friday’s, most recently as executive vice president of finance and chief financial officer. Previously he spent 14 years at PepsiCo Inc., including stints as senior vice president and CFO for Kentucky Fried Chicken and Taco Bell.

• At Carlson Cos., Redgrave will be succeeded by Trudy Rautio, who will be Carlson’s first female CFO. Rautio has held several executive positions at the hospitality group, most recently president of Carlson Hotels Worldwide – The Americas. Previously she served as vice president of finance for Pillsbury Co. and senior vice president and CFO of school ring maker Jostens Inc.

• Interactive game developer Atari Inc. named Diane Price Baker executive vice president and chief financial officer. Baker’s experience includes stints as group senior vice president and CFO of R.H. Macy & Co. and senior vice president and CFO of The New York Times Co. Most recently she was a financial consultant to New York Water Taxi, assisting in the creation of the business plan and capitalization for that start-up company.

• Gary Anderson has accepted the position executive vice president of the San Francisco Chronicle effective January 31. Anderson, the executive vice president and chief financial officer of Detroit Newspapers, became acting president and CEO earlier this month after Frank Vega resigned to become the publisher of the Chronicle. Anderson will now serve as Vega’s second-in-command in San Francisco.

• Trucking specialist Allied Holdings Inc. appointed Thomas H. King executive vice president and chief financial officer, replacing David A. Rawden, who resigned.
King, who has been a full-time accounting consultant for the Decatur, Georgia-based company since August 2004, joins Allied from CFO services provider Tatum Partners.

• Vienna, Virginia-based software company Approva Corp. hired former World Wrestling chief financial officer Philip Livingston as vice chairman. Previously Livingston was CEO and president of Financial Executives International, a professional association of senior financial executives; earlier he served as CFO of several public companies. He’s also the audit-committee chairman and a director of Cott Corp.

• Dean Foods Co. announced plans to pursue a tax-free spin-off of its Specialty Foods Group business. The new company’s management, which be headed by former Keebler Foods Co. chief executive Sam Reed, also includes his fellow Keebler alumnus E. Nichol McCully as chief financial officer.

• San Francisco-based StubHub.com, an online secondary marketplace for tickets, named Michael Galvin as its first chief financial officer. Previously he spent eight years in various senior finance positions at BEA Systems, including vice president of corporate finance, corporate controller, treasurer, and controller for the worldwide services organization. Earlier Galvin was a vice president and investment banker with Merrill Lynch in New York.