CFOs on the Move

Hewlett-Packard, Global Crossing, Bally Total Fitness, Kaiser Foundation, FedEx Ground, Cornell Cos., Intersections, NeuroMetrix, Biolex, SRI/Surgi...
Lisa YoonFebruary 11, 2005

• Chief financial officer Robert Wayman takes over as interim chief executive officer of Hewlett-Packard Co. following the departure of Carly Fiorina as chairman and CEO. Wayman, a 36-year veteran of the Palo Alto, California-based technology company, will also retain his CFO responsibilities. Patricia C. Dunn, an HP director since 1998, was named non-executive chairman of the board.

• Global Crossing, the Florham Park, New Jersey-based telecommunications company, appointed a new finance team to be headed by Jean Mandeville, executive vice president and chief financial officer, who replaces Daniel P. O’Brien. William I. Lees Jr. will take the post of senior vice president of accounting and financial operations, and William T. Ginn was named vice president of finance for Global Crossing UK Telecommunications Ltd.

Mandeville was previously CFO of Singapore Technologies Telemedia, Global Crossing’s majority shareholder; previously, he worked for British Telecom as president of BT Asia Pacific. Lees’s background includes senior positions at the manufacturing companies Formica Corp. and Imperial Schrade and 13 years at Ernst & Young. Ginn was most recently the CFO of Cable and Wireless America.

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. 

• Bally Total Fitness named David Reynolds controller. Most recently, Reynolds was the senior vice president and controller of Comdisco Inc. The fitness-center chain also promoted assistant treasurer Sue Rehorst, a 20-year company veteran, to acting treasurer.

• Robert E. Briggs, chief financial officer for Kaiser Foundation Health Plan Inc. and Kaiser Foundation Hospitals, is resigning. Briggs joined the Oakland-based organization in 2001 and was named CFO in 2002. Prior to joining Kaiser, Briggs was senior vice president and CFO for The Pillsbury Co. Worldwide; he has also served as president of Arby’s International and in various finance positions at PepsiCo. Kathy Lancaster, Kaiser Permanente’s senior vice president for strategic planning, will serve as interim CFO during the search for Briggs’s successor.

• FedEx Ground announced that chief financial officer Ronald R. Trombetta will retire on May 31 after 18 years with the company, the last seven as CFO. Vice president and controller Gretchen G. Smarto will succeed Trombetta at the Pittsburgh-based operating unit of FedEx Corp. An 11-year company veteran, Smarto has served in her present capacity since 1998.

• John Nieser was named chief financial officer of Cornell Cos. Inc. Nieser joined the Houston-based provider of privatized correctional services in 2004 as treasurer and took on the additional role of acting CFO last August. Previously, he served as senior vice president, CFO, and treasurer of Guardian Savings and Loan Association and as controller for a number of organizations including GE Aero Energy Products.

• Intersections Inc., which specializes in identity-theft and credit-management solutions, appointed Debra R. Hoopes chief financial officer. Hoopes, who joined the Chantilly, Virginia-based company in 2004, previously served as CFO for Compel Holdings and for CityNet Telecommunications, where she also co-founded. She also served as vice president of finance for WinStar Communications. Hoopes replaces Ken Schwarz, who was recently promoted to president of the company’s consumer and small-business solutions unit.

• NeuroMetrix Inc., a manufacturer of medical devices, named Brad Smith chief financial officer. Smith joins the Waltham, Massachusetts-based company from a position as CFO and executive vice president of Synarc Inc., a provider of clinical trials services to the pharmaceutical and biotech industries. Previously, he worked at PatientKeeper, a company providing healthcare professionals with mobile computing solutions.

• Biolex Inc., a privately held biopharmaceutical company, hired Dale A. Sander as senior vice president of finance and chief financial officer. Before joining the Pittsboro, North Carolina-based company, Sander served as CFO and vice president of corporate development of Maxim Pharmaceuticals Inc. His earlier jobs include CFO positions at biotech company Xytronyx Inc. and medical-device manufacturer Tactyl Technologies Inc.

• Charles L. Pope resigned as chief financial officer of SRI/Surgical Express Inc., which provides supply-chain-management services to hospitals. Pope’s duties and responsibilities will be assumed by other officers of the Tampa, Florida-based company while it completes its search for a successor.

• Norman, Oklahoma-based Dirt MotorSports appointed Brian Carter chief financial officer. Most recently, Carter served as vice president and CFO of Prescient Applied Intelligence, a supplier of advanced commerce technology solutions.