CFOs on the Move

United Rentals; ADP; Dana; Harley-Davidson; Restoration Hardware; Freddie Mac; The Children's Place; Cutter & Buck; Baltimore Ravens.
Lisa YoonMarch 9, 2006

• United Rentals Inc. named Martin E. Welch executive vice president and chief financial officer on a permanent basis; had been interim CFO of the Greenwich, Connecticut-based equipment rental company since September. Before joining United Rentals, Welch most recently was director and business advisor to private equity firm York Management Services. He also served as CFO of Kmart Corp. from 1995 to 2001.

• Karen E. Dykstra, chief financial officer of Roseland, New Jersey-based Automatic Data Processing Inc., is resigning, effective May 1. Dykstra will join Plainfield Asset Management LLC as chief operating officer and CFO of its newly created direct-lending and investment business. At ADP, interim CFO responsibilities will be split between corporate controller Dan Sheldon and treasurer Raymond L. Colotti.

• Vice president and chief financial officer Robert C. Richter announced his retirement from Dana Corp. He joined the Toledo, Ohio-based engine-technology supplier when it acquired General Ohio S&L Corp., which Richter joined in 1974. He was appointed CFO of Dana in 1999.

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• Milwaukee-based Harley-Davidson Inc. named Thomas E. Bergmann vice president and chief financial officer. Most recently the chief executive officer of USF Corp., Bergmann has also held senior finance roles at Sears, Roebuck and Co., The St. Paul Cos. Inc., and Johnson & Johnson.

• Home-products retailer Restoration Hardware appointed Chris Newman senior vice president and chief financial officer. Newman joined the San Francisco-based company from Limited Brands, where most recently he served as vice president and CFO of store operations.

• McLean, Virginia-based Freddie Mac named James R. Egan senior vice president, controller, and principal accounting officer, effective April 3. He will report to executive vice president of finance and chief financial officer Martin F. Baumann. Before signing on at the home-mortgage company, Egan was executive vice president and controller for MBNA America Bank.

• Susan Riley will join The Children’s Place Retail Stores Inc. as senior vice president of finance, effective March 13. The Secaucus, New Jersey-based company expects that she will assume the role of chief financial officer after the company files its 2005 Form 10-K. Riley replaces Hiten Patel, who is leaving to pursue other interests. Most recently, Riley served as the finance chief of Klinger Advanced Aesthetics; she’s also been the CFO at Abercrombie & Fitch, The Mount Sinai Medical Center in New York, Dial Corp., and Tambrands Inc.

• Seattle-based retailer Cutter & Buck Inc. named Michael Gats vice president and chief financial officer. Gats joined the company in 1999 as director of retail finance; he has also served as controller and as director of reporting and analysis.

• National Football League team the Baltimore Ravens promoted Jeff Goering to chief financial officer. Goering, the team’s senior director of finance for the past two years, previously served as controller. He joined the Ravens in 1999 from PricewaterhouseCoopers.

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