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CFOs on the Move

Fannie Mae; Liberty Media; D&B; A&P; Computer Sciences; Silicon Image; Amerigroup; MDC Partners; U.S. Auto Parts; The Jacobson Group; Lorus Therape...
Stephen TaubNovember 11, 2005

Fannie Mae has named Bob Blakely chief financial officer, where he will assume overall responsibility for the company’s massive restatement. He joins the nation’s largest mortgage lender from MCI Inc., where he served as executive vice president and CFO since April 2003 and oversaw the company’s restatement as well as the restructuring of the finance, accounting, and controls functions. Earlier in his career, he was executive vice president and CFO of Tenneco and of Lyondell Chemical, and a managing director of Morgan Stanley.

Fannie Mae also appointed interim CFO Rob Levin as the company’s first chief business officer, reporting to chief executive officer Daniel Mudd.

• Gregory B. Maffei was named a director and the CEO-elect of Englewood, Colorado-based Liberty Media Corp. After a brief transition, Maffei will assume the chief executive role sometime during the second quarter of 2006, replacing John C. Malone, who will remain chairman. At that time, Maffei will also become president, replacing Robert Bennett, who is retiring but will remain a director.

Maffei, who until last week was president and chief financial officer of Oracle Corp., has also served as chairman and chief executive of 360networks Corp. and CFO of Microsoft Corp.

• Business information provider D&B announced that chief financial officer Sara Mathew has assumed additional responsibility as president of D&B International. Mathew joined D&B in 2001 following an 18-year career with Procter & Gamble, most recently as head of finance for the company’s Asian region.

• Montvale, New Jersey-based supermarket chain The Great Atlantic & Pacific Tea Co. Inc. promoted corporate controller Brenda Galgano to senior vice president and chief financial officer. She succeeds Mitchell P. Goldstein, who is leaving to pursue other opportunities. A&P also promoted vice president and assistant corporate controller Melissa Sungela to vice president and corporate controller, succeeding Galgano.

• Computer Sciences Corp. named Michael E. Keane to succeed Leon J. Level as vice president and chief financial officer. Keane joined the El Segundo, California-based company September 1 as vice president of finance from Unova Inc., where he was CFO. Level, who served as CSC’s finance chief since 1989, will stay on as a vice president and retain responsibility for corporate supply-chain management and administrative services.

• Silicon Image Inc., a high-definition graphics specialist, appointed Robert R. Freeman chief financial officer and chief accounting officer. Freeman had been serving as the Sunnyvale, California-based company’s interim CFO since August.

• E. Paul Dunn Jr. is stepping down as executive vice president and chief financial officer of Virginia Beach-based healthcare company Amerigroup Corp. Sherri E. Lee, who served as CFO and treasurer from 1998 to 2001, will fill in as executive vice president, CFO, and treasurer until Amerigroup names Dunn’s permanent successor.

• Steven Berns was appointed president and chief financial officer of marketing communications provider MDC Partners. Berns joined MDC Partners last year as vice chairman and executive vice president. Previously, he was senior vice president and treasurer of Interpublic Group; earlier, he held the same roles at Revlon Inc.

• U.S. Auto Parts, an E-commerce distributor based in Carson, California, named Michael J. McClane vice president, treasurer, and chief financial officer. McClane has spent the majority of his career assisting companies with mergers and acquisitions, raising capital in the public and private markets, and designing and implementing SEC compliant internal control structures and financial reporting environments.

• Chicago-based healthcare professional services provider The Jacobson Group named Jim Farmer to the newly created role of chief financial officer. Most recently, Farmer was chief operating officer of ConsumerBase, an Internet marketing company.

• Toronto-based biopharmaceutical company Lorus Therapeutics Inc. reorganized its senior management and announced a 35 percent staff reduction. Among those departing is chief financial officer Paul Van Damme, whose duties will be taken over by controller and director of finance Elizabeth Williams.