CFOs on the Move

Arbitron; Kaiser Permanente;; Logitech; Patriot Scientific; Albemarle Corp; Osteotech; Viisage Technology; Senior Sunrise Living; OSDL; ...
Marie LeoneAugust 5, 2005

• Radio and television market research giant Arbitron Inc. named Sean Creamer executive vice president and chief financial officer. Creamer will assume his new position in September, replacing current CFO Bill Walsh, who is expected to retire from the New York City-based company by the end of the year. Most recently, Creamer served as CFO of Laureate Education Inc. Before that, he was a tax manager for Mobil Oil Corp.

• Healthcare services provider Kaiser Permanente appointed Kathy Lancaster senior vice president and chief financial officer of Kaiser Foundation Health Plan Inc. and Kaiser Foundation Hospitals. Lancaster had been acting CFO since February. She began her career at Kaiser in 1998, and most recently served as senior vice president of strategic planning at the Oakland, California-based non-profit conglomerate. Before joining Kaiser, Lancaster held management positions at Prudential Healthcare.

• Gary Sproule, the chief operating officer, a Woodland, California-based horse-race-wagering Web site is reappointed chief financial officer. Sproule, who joined as CFO in May 2002, and was named COO in May 2004, replaces current CFO Charles Bearchell. Company chairman and CEO Charles Champion will assume the responsibilities of COO. Prior to joining, Sproule was CFO at Disney Interactive,, and Magnet Interactive Communications. He also spent 25 years at UNOCAL in various senior management positions.

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. 

• Computer peripheral manufacturer Logitech International announced that the company’s chief financial officer, Kristen Onken, will retire as soon as a new finance chief is hired. Onken, who joined the Fremont, California-based company in 1999, said she will lead the effort to recruit a new finance chief.

• Thomas Sweeney is named chief financial officer of San Diego-based Patriot Scientific Corp. Sweeney had been a partner with Tatum CFO Partners. While with Tatum, Sweeney served as CFO of New Visual Corp. and Mitchell International Inc. Patriot Scientific develops and markets intellectual property for the high-tech industry.

• Richard Diemer is named senior vice president and chief financial officer of Albemarle Corp., a specialty chemical manufacturer based in Richmond, Va. The appointment is effective September 1. Diemer is a former partner with KPMG and a one-time CFO of Honeywell International’s (and predecessor Allied-Signal’s) specialty materials business. Diemer replaces Paul Rocheleau, Albrmarle’s current CFO, who plans to resign in February to pursue other personal and professional interests.

• Osteotech Inc., a supplier of biomaterial for musculoskeletal surgery, promoted vice president of finance and treasurer Mark Burroughs to chief financial officer. Burroughs succeeds retiring CFO Michael Jefferies, who plans to leave the company in December. Prior to joining the Eatontown, New Jersey-based company, Burroughs held several senior-level finance positions at Mediq/PRN Life Support Services.

• Identity-recognition software maker Viisage Technology Inc. tapped Bradley T. Miller to be chief financial officer of the Billerica, Massachusetts-based company. Miller joined the company from Sonus Networks Inc. where he was vice president of finance, corporate controller, and chief accounting officer. Viisage’s current CFO, Bill Aulet, is leaving to return to his senior lecturer post at the Massachusetts Institute of Technology’s Entrepreneurship Center at the Sloan School of Management.

• Officials at Sunrise Senior Living Inc., an international operator of senior communities based in McClean, Va., consolidated the positions of chief financial officer and chief investment officer. As a result, CIO Bradley Rush is appointed CFO. Before joining Sunrise, Rush was a senior vice president of acquisitions and finance for CNL Retirement Corp. Larry Hulse, who had been Sunrise’s CFO for the past five years, remains with the company to oversee the risk management and insurance programs. Hulse joined Sunrise as chief accounting officer 10 years ago.

• The Open Source Development Labs, a non-profit global consortium formed to advance the adoption of the Linux operating system, named Michael Temple chief financial officer. Before joining the Beaverton, Oregon-based OSDL, Temple was executive vice president and general manager at Bioject Inc. Prior to that, he served as CFO for Upright Systems, Instromedix Inc., and the Yoshida Group. He also served 10 years in public accounting with the firm of Laventhol & Horwath.

• Honeywell International elected United Parcel Service CFO and treasurer D. Scott Davis to its board. Davis will serve on Honeywell’s audit committee and retirement plans committee. An 18-year UPS veteran, Davis joined the company as part of its II Morrow acquisition, where he served as CFO and later CEO. Davis is also a director of the Federal Reserve Bank of Atlanta.

• Valere Power Inc. a power systems manufacturer based in Richardson, Texas, named Ken Vines chief financial officer. Most recently, Vines was CFO of Datapath Inc. Previously, he served as CFO, treasurer, and secretary of EXE Technologies, and vice president of finance and controller of DSC Communications, a company later acquired by Alcatel.