CFOs on the Move

Marsh and McLennan; Immucor; C&D Technologies; Cost Plus; BKF Capital Group; Lodgian.
Helen ShawDecember 22, 2005

• M. Michele Burns will join Marsh and McLennan Cos. as executive vice president on March 1, 2006, and become chief financial officer by March 31. She succeeds Sandra Wijnberg, who announced in August her intention to resign by March. Most recently, Burns was executive vice president, chief financial officer, and chief restructuring officer at energy company Mirant.

• Immucor Inc. announced the promotion of Patrick Waddy to chief financial officer. He had served as interim CFO since August, when Steven Ramsey resigned and the Securities and Exchange Commission began an investigation into the company’s Italian subsidiary. Waddy joined the manufacturer of diagnostic medical products in 1996 upon the company’s acquisition of Dominion Biologicals Ltd., which he joined in 1988 as director of finance.

• BKF Capital Group Inc.’s chief financial officer, Glenn Aigen, has announced he will resign effective January 15, 2006. Aigen will work with the New York-based investment adviser during a transition period through March 15 and be available as a consultant through June 30.

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. 

• Ian Harvie has been named vice president and chief financial officer at C&D Technologies Inc., effective December 22. Harvie, who was previously the finance chief of Exide Corp., replaces Stephen Markert Jr., who announced in August that he would leave the Blue Bell, Pennsylvania-based company to pursue other interests.

• Cost Plus Inc. has announced that Thomas Willardson will join the Oakland-based retailer in February 2006 as executive vice president and chief financial officer. Willardson, currently the CFO of WebSideStory, is also a director and the audit committee chairman of Cost Plus; he will resign those positions when he takes the helm in finance. Previously, Willardson served as CFO of Archimedes Technology Group Holding LLC and as senior vice president of finance and treasurer of Leap Wireless International Inc.

• Lodgian, Inc.’s executive vice president and chief financial officer, Linda Borchert Philp, will extend her tenure with the Atlanta-based hotel owner and operator until March 15, 2006, or when the company hires a new chief financial officer, whichever occurs first. The company had announced previously that Philp would resign in mid-December.