CFOs on the Move

Aetna; AutoZone; White Castle; Maximus; LaBranche; Cushman & Wakefield; Deluxe; Roper Industries; Core-Mark; Solae.
Helen ShawApril 27, 2006

•Aetna has announced that Alan Bennett, its CFO, will retire in the first quarter of 2007. Bennett has held various positions since he joined Aetna in 1995, including director of internal audit, corporate controller, CFO of Aetna Business Resources, and interim financial chief.

•AutoZone has hired William Giles as CFO. Effective April 28, Giles has resigned from Linens ‘n Things, where he worked for 15 years and most recently served as its finance chief. Linens ‘n Things has not named a successor yet.

•White Castle System has appointed Russell Meyer as CFO, treasurer, and vice president. Meyer, who was most recently corporate controller and assistant treasurer, replaces William Blake, who retired as CFO to comply with the company’s mandatory retirement policy.

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•Maximus, Inc. has named David Walker as its CFO. Walker joined the government-services company as vice president and controller in 2002. He succeeds Richard Montoni, who rejoined the company as chief executive officer, reportedly after leaving his post as the company’s finance chief in February for a CFO slot elsewhere. Montoni returned to Maximus in April after the board terminated Lynn Davenport, the former CEO. Davenport had violated the company’s conduct and ethics standards through his behavior toward a female employee of the company, Maximus reported.

•LaBranche & Co., a market maker on the New York Stock Exchange, has named Jeffrey McCutcheon as CFO. McCutcheon, formerly the managing director of corporate finance, joined the firm in 2002. Previously, he worked at DaimlerChrysler, Mercedez-Benz, and the Crowe, Chizek & Co. accounting firm. McCutcheon replaces Jeffrey Chertoff, who was named finance chief in July 2005. Chertoff will remain with the company to assist with the transition.

•Cushman & Wakefield has named Bruce Hartman CFO of the real estate services firm. Hartman, who was most recently the finance chief of Foot Locker, succeeds Thomas Dowd, who left to pursue other opportunities.

•Deluxe Corp. CFO Douglas Treff has left to join an unidentified company. Terry Peterson, vice president, controller and chief accounting officer, will serve as interim finance chief while the company conducts a search for a permanent CFO. Peterson joined the company in 2004 as director of internal audit. Previously, he worked at Ecolab, Provell, and PricewaterhouseCoopers.

•Roper Industries has named John Humphrey vice president and CFO. Most recently, Humphrey was finance chief of Honeywell Aerospace, where he had worked for twelve years. Before joining Honeywell, he worked at Detroit Diesel in different production- management positions.

•Core-Mark Holding Company’s CFO, James Wall, says he intends to retire as CFO when his successor is named. The packaged-goods distributor has launched a search for his successor. While Wall doesn’t have immediate retirement plans, he expects to serve on some corporate boards.

•Solae Co., a joint venture between DuPont and Bunge Ltd., has named Daniel Johnston as CFO. He succeeds Gayle Powelson, who left the company at the end of February to relocate to another region. Previously, Johnston was finance chief at United Industries, which was acquired by Spectrum Brands Inc.

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