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CFOs on the Move

Massachusetts Mutual Life Insurance; Levitz Furniture; Material Sciences; Vignette; Peerless Systems; Searchlight Minerals; VA Software; Global Log...
Marie LeoneJune 22, 2006

• Massachusetts Mutual Life Insurance has named Michael Rollings executive vice president and chief financial officer. Formerly the company’s senior vice president and deputy chief financial officer, Rollings had been serving as interim CFO since the retirement of Howard Gunton in April. Rollings joined MassMutual in 2001 to head the company’s capital markets division after spending most of his career in investment banking.

• Levitz Furniture has appointed Kathy Guinnessey chief financial officer. Most recently, Guinnessey served as leader of tax, treasury, and investor relations at Dun and Bradstreet. She has also held financial management positions with Footstar, Maxwell MacMillan, GAF, and Lechter’s.

• Material Sciences has tapped James Froisland as senior vice president, chief financial officer, chief information officer, and corporate secretary. He succeeds Jeffrey Siemers, who has accepted a position at another company. Prior to joining the metals fabricator, Froisland was CFO and information officer for InteliStaf Healthcare. He has also held senior financial positions at USA Broadband, Burns International Services, Anixter International, and Budget Rent-a-Car.

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• Pat Kelly, the former director of global facilities planning for Dell, will join Vignette as the software company’s chief financial officer, effective July 17. He succeeds Charles Sansbury, who announced his resignation last month. Prior to working at Dell, Kelly served as CFO at Trilogy Software and The Sabre Group, an American Airlines spin-off; he also was vice president of financial planning and analysis at American.

• Peerless Systems has appointed John Rigali chief financial officer and vice president of finance. He assumes the positions from William Neil, who will continue in a reduced capacity with the provider of imaging and networking technologies. Prior to his appointment, Rigali was a senior manager with Control Solutions; he has also held senior positions at J.D. Edwards and Grant Thornton.

• Searchlight Minerals has named Melvin Williams chief financial officer. Before joining the exploration company, he worked with accounting firm Cupit, Milligan, Ogden; he has also served on the accounting staff of the University of Oregon Foundation.

• VA Software has selected Patricia Szoka Morris to be the company’s executive vice president and chief financial officer, effective July 5. Most recently, she was vice president of finance for IGN Entertainment, a subsidiary of Fox Interactive Media. Morris, who has also held financial management positions at Liberate Technologies, Sagent Technology, XACCT Technologies, and Synopsys, began her career at Deloitte and Touche.

• Global Logistics Acquisition has named Ken Saunders chief financial officer, treasurer, and corporate secretary. He succeeds Mitchel Friedman, who has left the company. Saunders is the former CFO of Blue Line Advisors, an affiliate of Global Logistics. Previously, he was senior vice president of strategy and business development for TNS Media Intelligence.

• Software company Local Matters has hired Michael Dingman as chief financial officer. Most recently, Dingman was the CFO of Intrado, and earlier, of RMI.net. He is also the co-founder and former president of Qwon Investment Consultants.

• Appliance Recycling Centers of America announced that chief financial officer Linda Koenig has resigned to accept a position with another company. Patrick Winters, who has been controller since 2003, will assume Koenig’s duties while retaining his current title. Previously, Winters served as the company’s accounting manager and general accounting supervisor.

• Restaurant operator Grill Concepts tapped Wayne Lipschitz as vice president and chief financial officer. He succeeds Philip Gay, who was named chief executive officer. Most recently, Lipschitz managed the financial and economic development areas for the San Manuel Band of Mission Indians. Previously, he served as CFO of International Coffee and Tea, was the corporate controller of The Cheesecake Factory, and was controller of Wolfgang Puck Food.

• Brian Sereda has been named acting chief financial officer and acting treasurer for Terabeam, a wireless networking systems company, and its wholly-owned subsidiary Proxim Wireless. He fills in for CFO and treasurer Patrick Milton, who will be on disability leave. Sereda, Terabeam’s vice president of finance and controller, previously served in those capacities for Portal Software; he has also held senior finance positions at Credence Systems and Handspring.

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