CFOs on the Move

Yahoo! Media,, Sonoran Energy, DNAPrint Genomics, Law Enforcement Associates, Carpenter Technology, LogistiCare, Cordia, Southwest Ca...
Marie LeoneJuly 6, 2006

• Yahoo! has named Mike Weetman to head operations finance for the Internet company’s media group. Most recently, Weetman led the finance and business development department at DreamWorks Worldwide Home Entertainment. Prior to that, he served as senior vice president of finance and credit for 20th Century Fox’s domestic home entertainment division, as well as vice president of planning and finance for EMI North America.

• has tapped Eric Ashman to be the company’s chief financial officer. Before coming to investment news outlet, Ashman served as the regional director of North American operations for Text 100 Public Relations. During his tenure at Text 100, he also served as CFO, vice president of finance, and chief operating officer. Prior to that, Ashman founded an information management consulting firm, and worked in the areas of tax and audit at both Canby, Maloney and Kenneth Leventhal.

• Sonoran Energy has appointed Frank Smith executive vice president and chief financial officer. He replaces John Hodgson who has served as interim CFO of the oil company since January. Smith joins Sonoran from Remington Oil and Gas, where he was senior vice president, finance. He has held senior positions at several commercial banks, including stints as executive vice president and manager of energy lending at the Bank of Texas; asset recovery director and director, energy and utility division at The First National Bank of Boston; executive vice president at Texas Commerce Bank; and divisional manager at Continental Illinois National Bank and Trust.

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. 

• DNAPrint Genomics has tapped Karen Surplus to be the company’s new chief financial officer. She succeeds Monica Tamborini who is retiring. For the past three years, Surplus has operated her own financial consulting business. Previously, she served as CFO of Digital Fusion, chief accounting officer of PowerCerv, controller and treasurer of Progress Credit, a subsidiary of Progress Energy, and worked as an internal auditor and senior accountant at Progress Energy and its subsidiaries. She is also a former senior auditor for Arthur Andersen.

• Law Enforcement Associates has announced the resignation of the company’s chief financial officer Mike Wagner. He cited personal reasons for his departure. Wagner, who joined LEA in September 2005, will continue to work with the company in a consulting role while it prepares to report its second quarter financial results and commences a search for a new CFO. LEA is a security and surveillance technology company.

• M. David Kornblatt has joined Carpenter Technology as senior vice president—finance and chief financial officer. He succeeds Terrence Geremski who will retire on August 1. Previously, Kornblatt was CFO at York International, prior to its acquisition by Johnson Controls in 2005. He also served as director of Taxes-Europe for The Gillette Company.

• LogistiCare has appointed Thomas Oram chief financial officer. He succeeds Steven Russell, who left to pursue a new career opportunity. Before joining the logistics management company, Oram was CFO of ValueOptions/FHC Health Systems. He also served as treasurer of FHC. Prior to that, Oram was the assistant treasurer for Newport News Shipbuilding, and also worked as a corporate finance associate and treasury and cash management consultant with Ernst and Young LLP. In addition, he was a trade analyst and portfolio accountant with Twenty-First Securities and State Street Bank and Trust, respectively.

• Cordia has tapped Gandolfo Verra to be the company’s new chief financial officer. He comes to the telecommunications company after holding several senior financial positions at eLEC Communications, most recently as the company’s controller. Prior to that, he served as controller for Sirco International.

• Southwest Casino has hired Tracie Wilson to be the company’s new chief financial officer. Most recently, Wilson was the director of financial reporting for Lakes Entertainment. She also held positions as director of finance, and vice president of finance and treasurer of Netco Communications. Wilson also worked in public accounting for Grant Thornton and Deloitte and Touche.

• Enpath Medical has appointed Scott Youngstrom chief financial officer. Previously, Youngstrom served as vice president and CFO of Compex Technologies, and before that, Acist Medical Systems. He also held financial positions at Cardiotronics Systems and Alaris Medical. Youngstrom began his career with Price Waterhouse Coopers. Enpath designs, develops, and manufactures products used in pacemakers and defibrillators.

• Patni Computer Systems has promoted Surjeet Singh to chief financial officer, effective August 14. He succeeds Deepak Sogani, who is leaving to pursue other career opportunities. Currently, Singh heads the company’s merger and acquisition activities. Prior to his M&A work, Singh was CFO at Cymbal, which he co-founded, and which was eventually merged with Patni. Before founding Cymbal, Singh held various senior financial positions at Ranbaxy and Kirloskar Brothers, two India-based companies.