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CFOs on the Move

Abercrombie & Fitch; Siemens; Krispy Kreme Doughnuts; Morgan Stanley; Alliance Semiconductor; Jack in the Box; Art Technology Group; Paxar; Ambassa...
Lisa YoonJuly 15, 2005

• Abercrombie & Fitch Co. announced that Michael W. Kramer will join the clothing retailer as senior vice president and chief financial officer effective August 8. Kramer joins the New Albany, Ohio-based company from Apple Inc., where he was CFO of Apple Retail. His previous retail experience includes positions at Gateway Inc., Limited Inc., and the Pizza Hut Inc. unit of PepsiCo.

• Siemens Corp. named Heribert Stumpf chief financial officer effective October 1. Stumpf is currently executive vice president of the company’s Logistics and Assembly Postal Automation division in Arlington, Texas; previously he was CFO of Siemens Dematic’s postal automation business in Constance, Germany. He replaces Klaus Stegemann, who was recently appointed by Siemens AG to the post of CFO of Siemens Medical Group.

• Douglas R. Muir has been appointed chief accounting officer of Krispy Kreme Doughnuts Inc. Muir has been a consultant to the Winston-Salem, North Carolina-based company since December. From 1993 to 2004, he held various senior finance positions with Oakwood Homes Corp., including executive vice president and chief financial officer. Earlier, he had a 17-year career at Price Waterhouse (now PricewaterhouseCoopers).

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• Former Morgan Stanley chief financial officer Stephen S. Crawford resigned his position as co-president — a job he had held only since March — to pursue other interests. Co-president Zoe Cruz has been named acting president. Crawford, who joined Morgan Stanley in 1986 in corporate finance, previously served as chief financial officer as well as chief administrative and risk officer.

• Santa Clara, California-based chip manufacturer Alliance Semiconductor Corp. terminated chief financial officer Jeff Parsons for the disclosure of confidential information to a third party. Chairman, president, and chief executive officer N. Damodar Reddy will serve as interim CFO until the company appoints a permanent finance chief.

• Paul D. Melancon joined San Diego-based burger chain Jack in the Box Inc. as vice president and controller. Most recently Melancon served as vice president and corporate controller for clothing retailer Guess Inc.; previously he served as senior vice president and CFO of Hyper Entertainment Inc., a subsidiary of Sony Corp. Melancon also spent nearly 10 years with Sears, Roebuck and Co.; his final position there was as vice president of finance for Sears Tire Group.

• Cambridge, Massachusetts-based Art Technology Group Inc. named Julie M.B. Bradley chief financial officer. Bradley joins the marketing-software maker from Akamai Technologies Inc., where she was vice president of finance. She succeeds Ed Terino, who announced his resignation in March.

• Anthony Colatrella was appointed vice president and chief financial officer of Paxar Corp. a White Plains, New York-based bar-code maker for clothing retailers. Most recently, Colatrella was senior vice president and corporate controller of The Scotts Co. Inc.; he has also held senior finance positions at United Technologies Corp. and GTE Corp. (now Verizon). Colatrella succeeds interim finance chief James R. Painter, who will return to his position on Paxar’s board, where he is chairman of the audit committee.

• Ambassadors Group Inc. appointed Chadwick J. Byrd chief financial officer. Before joining the Spokane, Washington-based provider of educational travel, Byrd held senior finance positions at Oslo, Norway-based Fred Olsen Energy ASA, including chief group controller. He replaces Colleen McCann-Lillie, who resigned as CFO of Ambassadors Group but will stay with the company as the finance chief of Ambassador Programs Inc., the company’s primary operating subsidiary.

• John Gross joined Edison, New Jersey-based Majesco Entertainment Co., a maker of accessories for digital entertainment systems, as executive vice president and chief financial officer. Most recently Gross was vice president of corporate development at FactSet Research Systems. Earlier in his career, he held the top finance job at FactSet and at Rare Medium; he has also held senior finance positions at PepsiCo, Reader’s Digest, and Cadbury Schweppes.

• Navarre Corp., a publisher and distributor of home entertainment and multimedia software, announced that James G. Gilbertson resigned as chief financial officer and director to pursue other business interests. The Minneapolis-based company will replace Gilbertson on the board with an independent director and added that a search is underway for a new finance chief.

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