CFOs on the Move

Bank of America; A&P; Hubbell; Ann Taylor Stores; Hyperion; FTI Consulting; Graco; BJ's Restaurants; Noble Corp.; Intergraph; Tractor Supply Co.
Lisa YoonSeptember 9, 2005

• Bank of America Corp. announced that Alvaro G. de Molina, chief executive officer for Banc of America Securities,
has been named chief financial officer of the corporation, effective immediately. De Molina, who began his finance career with Price Waterhouse in 1979 and has worked for J.P. Morgan, has also served as Bank of America’s corporate treasurer.

He succeeds Marc Oken, who has served as CFO since April 2004 and “successfully engineered one of the largest and smoothest transitions in banking history in the merger of Bank of America and FleetBoston,” according to a statement from chairman and chief executive officer Kenneth D. Lewis. Oken will assist in the transition and retire in the first quarter of 2006.

• The Great Atlantic & Pacific Tea Co. Inc. named Brenda Galgano senior vice president and chief financial officer. Galgano joined A&P in 1999 as director of corporate accounting, and later served as assistant corporate controller, then corporate controller. She will succeed Mitchell P. Goldstein, who is leaving the Montvale, New Jersey-based supermarket chain.

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• David G. Nord will join industrial electronics giant Hubbell Inc. on September 16 as senior vice president and chief financial officer. Nord was previously finance chief of Hamilton Sundstrand Corp., a United Technologies company. At Orange, Connecticut-based Hubbell, interim CFO Gregory Covino will resume his position as corporate controller.

• Ann Taylor Stores Corp. named Laura A. Weil chief operating officer. Weil joined the retailer from American Eagle Outfitters Inc., where she has served as chief financial officer and executive vice president since 1995. Before that, she worked at Oppenheimer & Co., R.H. Macy & Co., and Lehman Brothers.

• David Odell will retire as chief financial officer of business performance management software maker Hyperion. Odell joined the Santa Clara, California-based company in 2000. The search for his successor is under way.

• FTI Consulting Inc. named Jerome N. Gold senior managing director to its corporate finance/restructuring practice. Gold joins the Los Angeles office of the Annapolis, Maryland-based company from private-equity firm Platinum Equity LLC, where he was chief financial officer. Earlier, he served a nine-year stint as CFO of Warner Music Group.

• Fluids-handling specialist Graco Inc., founded in 1926, has named James A. Graner to the newly created position of chief financial officer. Graner joined the Minneapolis-based company 31 years ago and had served as vice president and controller since 1994. In addition, vice president and treasurer Mark W. Sheahan was named chief administrative officer, another new position. Sheahan joined Graco in 1995.

• Huntington Beach, California-based BJ’s Restaurants Inc. appointed Gregory S. Levin chief financial officer. Levin has held CFO positions at SB Restaurant Co. and California Pizza Kitchen. He replaces Louis M. Mucci, whose contract expires September 15. BJ’s also named Robert Curran vice president and treasurer. Curran previously served as vice president of investor relations; he will gradually transition those responsibilities to Levin during the next few months.

• Bruce W. Busmire will join Noble Corp. October 1 as senior vice president and chief financial officer, treasurer, and controller. Busmire most recently served as managing director of Pickering Energy Partners Inc., a privately held energy research firm; earlier he was vice president of investor relations at Ocean Energy Inc. Busmire succeeds Mark A. Jackson, who was promoted in March to chief operating officer of the Sugar Land, Texas-based provider of oil and gas services.

• Intergraph named Anthony Colaluca chief financial officer effective October 3. Colaluca joins the Huntsville, Alabama-based software developer from Harland Financial Solutions Inc., a software provider to financial institutions and a division of John H. Harland Co., where he was CFO. Previously, Colaluca served as finance chief for Solution 6 North America Inc.; he has also served as vice president of finance for the Global Professional Services unit of Computer Associates Inc.

• Tractor Supply Co., a retail farm and ranch store chain, has hired Anthony Crudele as chief financial officer. Crudele held CFO positions at The Sports Authority and Gibson Guitar. He will succeed Cal Massmann, who is retiring from the Brentwood, Tennessee-based company.