CFOs on the Move

Goodrich; Delta Air Lines; Amgen; Checkpoint Systems; Pitney Bowes Capital Services; St. Paul Travelers; Reynolds and Reynolds; Octel; Flow Interna...
Lisa YoonAugust 12, 2005

• Charlotte, North Carolina-based Goodrich Corp. promoted Scott Kuechle to senior vice president and chief financial officer. During his 22 years with the aerospace company, Kuechle has held positions including director of finance and banking, treasurer, and, since last year, vice president and controller. He succeeds Rick Schmidt, who is leaving to become CFO of Spirit AeroSystems Inc.

• Delta Air Lines named Paul A. Jacobson vice president and treasurer. Jacobson returns to Delta after a brief stint at Mirant Corp., where he was assistant treasurer since March. Earlier he spent seven years in Delta’s treasury department, most recently as assistant treasurer. He replaces Todd Helvie, who has left the Atlanta-based company.

• Amgen Inc. named Michael Kelly vice president of corporate planning and control and chief accounting officer. Kelly, who joined the Thousand Oaks, California-based biotech in 2003 as a vice president of finance, will report to chief financial officer Richard Nanula. Meanwhile, former chief accounting officer Timothy Martin was named vice president of finance for global commercial operations.

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• Retail security specialist Checkpoint Systems Inc. tapped Raymond D. Andrews as vice president and chief accounting officer. He will report to Craig Burns, chief financial officer of the Thorofare, New Jersey-based company. Previously, Andrews served as controller of Invista, a subsidiary of Koch Industries, and Bristol-Myers Squibb Pharma Co., a subsidiary of Bristol-Myers Squibb. He succeeds Arthur Todd, who will become vice president of operations strategic planning.

• In anticipation of its spin-off as an independent public company, Pitney Bowes Capital Services, a division of Pitney Bowes Inc., hired David A. Klanica as vice president and chief financial officer. Klanica’s experience includes work at GE Capital, where he was global technical controller for commercial equipment financing, and at Mercedes-Benz Credit Corp., where he served as director of accounting services.

• Chief financial officer Jay S. Benet of The St. Paul Travelers Cos. Inc. was promoted to the additional role of vice chairman. Benet joined Travelers Property Casualty as CFO in 2002 and continued as finance chief after the company merged with St. Paul in 2004.

• The Reynolds and Reynolds Co., a provider of dealer-management systems to car dealerships, appointed Gregory T. Geswein senior vice president and chief financial officer. He replaces former CFO Dale L. Medford, who retired on June 1. Geswein joins the Dayton, Ohio-based company from North Canton, Ohio-based Diebold Inc., where he served as CFO since 2000. At Diebold, vice president and corporate controller Kevin J. Krakora will serve as interim CFO until a successor is named.

• James F. Lawler became executive vice president and chief financial officer of Octel Corp. Lawler joined the Newark, Delaware-based chemicals company as acting CFO in May. Previously, he had spent most of his career at Xerox Corp., where his last role was CFO and executive director and chairman of Xerox Capital Europe. Between 2004 and 2005 Lawler was a consultant to the United Kingdom government, acting as operations director to its commercial directorate.

• Stephen D. Reichenbach resigned as chief financial officer of Kent, Washington-based Flow International Corp., a supplier of ultrahigh-pressure waterjet products, to take a position with a privately held company.

• Specialty retailer The Wet Seal Inc. announced that chief financial officer Douglas C. Felderman resigned for personal reasons. Felderman will be leaving the Foothills Ranch, California-based company at the end of August.