CFOs on the Move

CBS; Denny's; United Rentals; TransUnion; J. Crew; American Greetings; C&D Technologies; Dendreon; Maxwell Technologies; ProLogis; Cooper Industries.
Lisa YoonAugust 19, 2005

• A month after departing to join a venture firm, Fredric G. Reynolds is returning to CBS Corp. to become executive vice president and chief financial officer after CBS splits off from Viacom Inc. Until that transaction is completed, Reynolds will work on the creation of the new company and oversee its Viacom Television Stations Group, where he was president until he left last month for Evercore Partners. Previously, Reynolds had been executive vice president and CFO of Viacom Inc.; earlier in his career he held the top finance job at CBS, Westinghouse Electric Corp., and several divisions of PepsiCo.

Spartanburg, South Carolina-based restaurant chain Denny’s Corp. named Mark Wolfinger chief financial officer, effective September 26. Wolfinger has served in that same position at Danka Business Systems since 1998; earlier, he held senior financial positions with Hollywood Entertainment, Metromedia Restaurant Group, operators of Bennigan’s, Ponderosa Steakhouse, and Steak & Ale restaurants, and the Grand Metropolitan PLC. He succeeds Andrew F. Green, who resigned effective September 23 as senior vice president and chief financial officer “to move on to new opportunities,” according to a company statement.

• United Rentals Inc. has fired John Milne — who held the positions of president, chief financial officer, chief acquisition officer, and secretary — for his refusal to cooperate with an SEC investigation into the company’s accounting practices. Milne was also asked to resign from the board of the Greenwich, Connecticut, company.

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• Chicago-based information solutions company TransUnion has tapped Scott E. Schubert as chief financial officer. Most recently, Schubert held that same position at U.K.-based NTL Inc., earlier, he was CFO for Williams Communications, vice president of global financial services for BP Amoco, and vice president of worldwide financial services for Amoco Corp. At TransUnion, Schubert succeeds David Emery, who became chief operating officer earlier this year.

• New York-based retailer J.Crew Group named James S. Scully executive vice president and chief financial officer, effective September 7. Previously Scully spent eight years with Saks Inc., starting as vice president and treasurer and later serving as senior vice president of strategic and financial planning; last year he became executive vice president of strategic planning and human resources.

• Cleveland-based card maker American Greetings Corp. hired Michael J. Merriman as senior vice president and chief financial officer, effective September 1. Most recently, Merriman was chief executive officer of Royal Appliance Manufacturing Co., the maker of Dirt Devil vacuum cleaners; earlier he had been that company’s CFO.

• Stephen E. Markert Jr. resigned as vice president and chief financial officer of C&D Technologies Inc., a producer of power-storage and conversion equipment, “to pursue other interests,” according to a company statement. Markert joined the Blue Bell, Pennsylvania-based company in 1989 and became CFO in 1995.

• Dendreon Corp. appointed Michelle Burris senior vice president and chief financial officer. Burris joins the Seattle-based biotech after more than a decade at Corixa Corp., including seven years as CFO. She replaces Martin Simonetti, whose resignation was announced last quarter.

• Maxwell Technologies Inc. named Tim Hart vice president, chief financial officer, treasurer, and secretary of the San Diego-based energy-storage and power-delivery specialist. He replaces David Russian, who is leaving the company. Most recently, Hart was the finance chief of Seracare Life Sciences Inc.; earlier, he was CFO and treasurer of Alliance Pharmaceutical Corp.

• Dessa M. Bokides will join ProLogis, a Denver-based provider of distribution facilities and services, as executive vice president and chief financial officer, effective next month. Previously, Bokides was vice president of finance and treasurer at Pitney Bowes Inc.; earlier in her career, she worked in financial services at Goldman, Sachs & Co. and Deutsche Bank Inc.

• Houston-based electrical equipment manufacturer Cooper Industries Ltd. named John B. Reed vice president of taxes, reporting to chief financial officer Terry A. Klebe. Most recently, Reed served as vice president of tax for supermarket chain Albertson’s Inc. He succeeds E. Daniel Leightman, who is retiring later this year.