CFOs on the Move

RadioShack, The New York Times, American Golf, Jacksonville Transportation Authority, Cantor Fitzgerald, SenSage, OdysseyRe, River Rock Entertainme...
Marie LeoneJuly 20, 2006

• RadioShack has announced the resignation of the company’s executive vice president and chief financial officer David Barnes. He is leaving RadioShack to join Western Union, a division of First Data.

• Leonard Forman, executive vice president and chief financial officer of the The New York Times, plans to retire in 2007, after a successor is named. The company has retained executive search firm Heidrick and Struggles to identify CFO candidates from both inside and outside the organization.

• American Golf Corp. has named Robert Riesbeck senior vice president and chief financial officer. He most recently served as CFO and senior vice president of operations for the Hurley and Nike Bauer Hockey divisions of Nike. Prior to these roles, Riesbeck was chief financial officer/chief operating officer of Cluett American. He also spent several years with Crystal Brands, and began his career with auditing firm Grant Thornton.

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. 

• The Jacksonville Transportation Authority has appointed Margo Smith chief financial officer. Smith comes to JTA from Delta Airlines, where she most recently as served as director of international finance and accounting. Prior to that, Smith held several senior positions at United Distillers and Vintners of North America, Pitney Bowes, Knight-Ridder, and Ernst and Young.

• Cantor Fitzgerald has hired Douglas Barnard to be the financial services firm’s chief financial officer. Barnard joins Cantor from Dover Management, where he served as chief administrative officer. Prior to his tenure with Dover, Barnard was managing director and controller of the Americas Region at Deutsche Bank, and was vice president and investment banking controller at Goldman Sachs. He began his career with Deloitte Haskins and Sells.

• SenSage has tapped Joan Varrone to be the company’s chief financial officer. Before joining the analytics software maker, Varrone served as CFO at Optiva. Prior to that, she was finance chief at Personic and, and led a successful initial public offering effort at Catapult Communications. Varrone has held senior finance positions at Watkins-Johnson, Raychem, and Exxon Enterprises.

• OdysseyRe Holdings has named R. Scott Donovan executive vice president and chief financial officer, effective August 15. He replaces Robert Giammarco, who is leaving the reinsurance company to pursue other interests. Donovan is currently president and chief operating officer of TIG Insurance Group, an affiliate of OdysseyRe. Before that, he was TIG’s CFO.

• The River Rock Entertainment Authority, operator of California’s River Rock Casino, has appointed David Wolfe chief financial officer. Most recently, Wolfe was CFO of Desert Diamond Casino. Prior to that, he was the finance director of the Isleta Casino and Resort, and controller of the Sandia Casino.

• Nuvelo has hired H. Ward Wolff to be the company’s senior vice president, finance, and chief financial officer. He replaces Gary Titus who resumes his role as vice president, finance and chief accounting officer of the biopharmaceutical company. Wolff joins Nuvelo from Abgenix, where he served as CFO and senior vice president, finance until Abgenix merged with Amgen in April. Wolff has also held the CFO post at QuantumShift, DoubleTwist, and Premenos Technology, and held various senior positions at Russell Reynolds Associates and Price Waterhouse.

• ProLink Holdings has tapped Michael Browne to be chief financial officer. Browne succeeds Barry Sullivan, who is resigning to pursue other opportunities. Browne joins the golf course management company from Eagle Picher Commercial Power where he was CFO. He also served as president of Eagle Picher Horizon Batteries, chief financial officer of Leica Microsystems Semiconductor, division CFO at Xerox, and as an auditor for Deloitte and Touche and BDO/Seidman.

• First BanCorp has appointed Fernando Scherrer as executive vice president and chief financial officer, effective July 24. He replaces interim CFO Luis Cabrera, who continues in his role as chief investment officer. Most recently, Scherrer was managing partner and head of the audit and consulting practices at Scherrer Hernandez, an accounting firm he co-founded. Prior to that, Scherrer was an auditor with PricewaterhouseCoopers.

First BanCorp, the parent company of FirstBank Puerto Rico, also has named Victor Barreras-Pellegrini senior vice president and treasurer. Previously, Barreras-Pellegrini managed institutional fixed-income portfolios for Banco Popular.

• Ronald Drabik has joined Regency Hospital as the company’s chief financial officer. Drabik replaces Gene Winters who resumes his role as chief strategy office for the long-term care hospital system. Previously, Drabik was chief financial officer for CCS Medical and Horizon Healthcare.

• WorldWater and Power has hired Larry Crawford to be the company’s chief financial officer. He succeeds James Brown who will assume a new role in project financing at the solar engineering and water management company. Most recently, Crawford was CFO and executive vice president of Escala Group. He also was finance chief of Arzee Holdings and Talon, a subsidiary of Coats Viyella.

• Neil Watanabe has been named executive vice president and chief financial officer of Anna’s Linens. His corporate finance experience in the retail sector includes stints as CFO of Shoe Pavilion, Pic N Save/McFrugal’s Bargains, PetSmart, and Elizabeth Arden Red Door Spas. Anna’s Linens is a home furnishings specialty retailer.