CFOs on the Move

FTD Group; TIAA-CREF; IDT, Books-a-Million; Las Vegas Sands;; Citadel Broadcasting Video Gaming Technologies; Saxon Financial; Educa...
Marie LeoneJune 8, 2006

• FTD Group has appointed Becky Sheehan chief financial officer, effective July 5. She has 19 years’ experience in public accounting with Deloitte and Touche and Arthur Andersen, serving as a lead client service partner and as the leader of the consumer business and manufacturing audit practice for Deloitte’s Chicago office. Current CFO Carrie Wolfe has been elected a director of the flower and gift purveyor and will continue as principal accounting officer until the company files its 2005 annual report.

• TIAA-CREF has named Georganne Proctor executive vice president and chief financial officer. She succeeds Russell Noles, who served as acting CFO since May 2005 and who will resume his role as senior vice president and head of internal audit. Proctor joins the pension fund from Golden West Financial, where she served as executive vice president of finance. Earlier in her career, she was senior vice president and CFO of Bechtel Group, director of project and division finance at Walt Disney Imagineering, and director of finance and accounting for Buena Vista Home Video International.

• IDT has promoted controller and chief accounting officer Marcelo Fischer to chief financial officer and treasurer. Prior to joining the telecom provider, Fischer served as corporate controller of Viatel; earlier, he was the controller for Revlon’s international consumer operation. He succeeds Stephen Brown, who became the company’s first finance chief in 1995 and who will remain chairman of IDT Entertainment, a division that was recently sold to Liberty Media.

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. 

• Books-A-Million has named Douglas Markham chief financial officer, effective July 5. He succeeds Richard Wallington; the company did not indicate why Wallington was leaving or whether he would remain with the book retailer. Most recently, Markham was senior vice president and controller of Saks.

• Las Vegas Sands has tapped Robert Rozek as chief financial officer and principal accounting officer. He succeeds senior vice president of finance Scott Henry, who had been serving as interim CFO. Rozek comes to the hotel and casino from Eastman Kodak, where most recently he was director and vice president of financial operations. Earlier in his career, he was a partner at PricewaterhouseCoopers.

• has announced the retirement of executive vice president and chief financial officer Steve Cakebread. The company, which provides on-demand technology to manage sales and marketing departments, added that Cakebread plans to stay on through the end of the year to help search for his successor.

• Citadel Broadcasting has hired Robert Freedline as executive vice president and chief financial officer. Freedline joins the radio broadcasting company from Viacom, where he was senior vice president and treasurer; earlier, he served as vice president and controller of CBS. Citadel also appointed Patricia Stratford to the positions of senior vice president for finance and administration and assistant secretary.

• Jason Morgan has been named chief financial officer of Video Gaming Technologies, a supplier of games and systems to the casino industry. Previously, Morgan was CFO of ResortQuest International, a subsidiary of Gaylord Entertainment. He also has held financial management and accounting positions at Harrah’s Entertainment, ITT, and Arthur Andersen.

• Saxon Financial has announced that chief financial officer Kevin Feeney will resign, effective June 15, for another opportunity. Officials at the investment management company said a search for his successor will begin immediately.

• Edward West has been appointed executive vice president and chief financial officer of Education Management, a private career college operating in United States and Canada. West joins the college from ICG Commerce, where he was chairman and chief executive officer; earlier, he served as CFO of Delta Air Lines and Internet Capital Group.

• Movie Gallery has appointed Thomas Johnson interim chief financial officer, effective June 15. He is currently the video rental company’s senior vice president for corporate finance and business development, and will add the CFO responsibilities to his current duties. Johnson’s appointment follows the resignation of interim chief financial officer Mark Moreland, who accepted a CFO position at Knowledge Learning. Movie Gallery officials said that a search is under way for a permanent finance chief.

• The Roman Catholic Archdiocese of Boston has named former banker James McDonough as chancellor, a role in which he will also serve as chief financial officer. He succeeds David Smith, who is retiring. Most recently, McDonough was CEO of Abington Savings Bank.