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CFOs on the Move

Pfizer; BB&T; PalmSource; Nautilus; Alltel; Deluxe Corp.; Chef Solutions; Somera Communications; The Cheesecake Factory; La Quinta; Reynolds and Re...
Lisa YoonMarch 4, 2005

• David Shedlarz is leaving his position as chief financial officer of Pfizer Inc. to become a vice chairman of the drug maker, a title he will share with Karen Katen and Jeff Kindler, effective March 3. Shedlarz, who joined Pfizer in 1976 as a financial analyst and became CFO in 1995, will now take on responsibility for Pfizer human resources. Alan Levin, who joined the company in 1987, will succeed Shedlarz as senior vice president and CFO

• BB&T Corp. announced that chief financial officer Scott Reed will retire June 30. Reed, who joined the Winston-Salem, North Carolina-based bank in 1972, has been CFO since 1981. He will be succeeded by assistant CFO Chris Henson, who joined BB&T in 1985 as a business services officer, business services manager, and city executive. Henson later served as president of BB&T community bank regions based in Hampton Roads, Virginia and in Atlanta, and also served as president of BB&T’s Georgia operations.

• PalmSource Inc., which makes the Palm operating system for mobile devices, named Jeanne Seeley chief financial officer. Seeley joins the Sunnyvale, California-based company after a stint as CFO and senior vice president for network-storage provider Snap Appliances, where she led the company’s spinout from Quantum Corp. Earlier, Seeley was CFO and vice president of storage-solutions company Quantum DSS.

How Startup CFO Grew Food Company 50% YoY

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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. 

• Nautilus promoted William D. Meadowcroft to chief financial officer effective March 31. Meadowcroft joined the Vancouver-based manufacturer of fitness machines in 2000 and has served as the company’s principal accounting officer, treasurer, and corporate controller. He succeeds Rod Rice, who is retiring after 11 years with the company.

• Alltel promoted John Ebner to treasurer, effective April 8, reporting to executive vice president and chief financial officer Jeff Garner. Ebner joined the Little Rock-based company in 1996 as assistant to the president of the former Alltel Information Services; currently he is vice president of finance for the telecom’s wireless operations. Before joining Alltel, Ebner worked as an investment banker with JP Morgan and Stephens Inc. He succeeds Scott Settelmyer, Alltel’s treasurer since 2001, who is moving with his family back to their hometown of Chicago.

• Deluxe Corp. named Terry D. Peterson vice president, controller, and chief accounting officer effective March 15. He succeeds Katherine L. Miller, who is resigning for personal reasons. Peterson joined the St. Paul, Minnesota-based check printing company in 2004 as director of internal audit; previously, he was vice president and controller of the GCS Services Division of Ecolab Inc.

• Chef Solutions, a provider of refrigerated prepared foods, named Carl W. Warschausky executive vice president and chief financial officer. Before joining the Schaumburg, Illinois-based company, Warschausky was CFO at Merisant, manufacturer of Equal sweeteners, and earlier at Searle, the $4 billion pharmaceutical division of Monsanto.

• Kent Coker joins Somera Communications Inc. as senior vice president and chief financial officer. He’ll begin his new job at the Dallas-based telecom-equipment maker later this month. Previously, Coker was CFO and later COO of Chorum Technologies, a provider of fiber-optic equipment for the telecom industry. Before Chorum, Coker was vice president of finance of the telecommunications solutions group for Compaq Computers.

• The Cheesecake Factory Inc. appointed Cheryl Slomann as chief accounting officer. Slomann has served as controller for the Calabasas Hills, California-based restaurant chain since April 2004.

• La Quinta Corp. promoted chief financial officer David L. Rea to the posts of president and chief operating officer. Rea joined the Dallas-based motel-chain operator five years ago.

• Dale Medford, the executive vice president, chief financial officer, and a director of The Reynolds and Reynolds Co., will retire June 1. The Dayton, Ohio-based company provides tech services to the auto industry.