CFOs on the Move

Cap Rock Energy; International Fuel Technology; Integrated Healthcare Systems; Bowstreet; Beijing Med-Pharm; Reply Inc.; Accredited Home Lenders Ho...
Lisa YoonApril 8, 2005

• Cap Rock Energy Corp. of Midland, Texas, announced that senior vice president, chief financial officer, and treasurer Lee D. Atkins is no longer with the company. Atkins had served in those roles since 2001. The company gave no reason for the departure, saying only that his “employment with the company ended April 5, 2005” and that the event was unrelated to “any disagreement with regard to financial, accounting or disclosure items.” Vice president and controller Celia Page was named chief accounting officer; she will split Atkins’s finance responsibilities with president William West. Before joining Cap Rock, Page served as senior vice president and controller of Costilla Energy Inc.

• International Fuel Technology Inc., a fuel science and research company, named Gary S. Hirstein executive vice president and chief financial officer. Hirstein joins the St. Louis-based company after 27 years at Shell Oil Co., most recently as property and planning manager. Hirstein replaces Michael Obertop, who will remain with International Fuel as general counsel and corporate secretary.

• Seattle-based Integrated Healthcare Systems Inc. appointed Thomas J. Virgin to the position of vice president and chief financial officer. Before joining the pharmacy technology company, he was vice president of finance and administration and CFO for WizKids, which creates and sells collectible miniature games. Virgin joined WizKids during its first year of operation, in 2001, and helped direct the sale of the company in 2003 to The Topps Co. Previously he served as interim CFO for two software companies.

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• Tewksbury, Massachusetts-based Bowstreet Inc. named Marty Meyer to the positions of chief financial officer and chief operating officer. Meyer joins the provider of portal-based technology from software firm Ucentric Systems, which was acquired by Motorola earlier this year. He also held CFO and operations positions at SightPath Inc. and Xedia Corp.

• Fred M. Powell joins Beijing Med-Pharm Corp. as chief financial officer. Powell comes to the Delaware-incorporated company from the CFO post at Eximias Pharmaceutical Corp. He has also served as finance chief of Premier Research Worldwide during its initial public offering and worked at InnaPhase Corp. as senior vice president of finance and administration.

• Reply Inc., a Walnut Creek, California-based provider of online services for consumers, appointed Frank Siskowski chief financial officer. Siskowski has served in the CFO role at compliance-technology vendor Zantaz, E-Loan Inc., and Skillset Software Inc. Earlier in his career, he worked in the finance departments of Visa International, PepsiCo Inc., and MCI Communications.

• Accredited Home Lenders Holding Co., a national non-prime residential mortgage lender based in San Diego, named Stuart D. Marvin as executive vice president in charge of finance, capital markets, and corporate communications. Marvin will assume many of the responsibilities currently held by co-founder, executive vice president, and secretary Ray W. McKewon, who plans to retire July 15. Marvin most recently worked for Aegis Mortgage Corp. in Houston, where his last role was president of corporate operations and chief financial officer. He has also held the CFO post at Citifinancial Mortgage; previously he was an audit partner at Coopers & Lybrand LLP.

• Mark L. Desmond resigned as senior vice president and chief financial officer of Nationwide Health Properties Inc., based in Newport Beach, California. The real-estate trust named Abdo H. Khoury, currently senior vice president and chief portfolio officer, as acting CFO. Before joining Nationwide Health Properties, Khoury was CFO and president of ARV Assisted Living Inc.

• Chief financial officer Dario Sacomani has taken an extended medical leave from Lafox, Illinois-based Richardson Electronics Ltd. Kelly Phillips, who was appointed interim CFO, has been the company’s controller since joining in 2003. Before that, Phillips was director of accounting of the global financial shared services unit at Motorola, where she had worked since 1985.

• Cupertino, California-based Vocera Communications named Martin J. Silver chief financial officer. Before joining the maker of mobile wireless-communications technology, Silver held CFO positions at Elance and Green Border Technologies.

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