CFOs on the Move

Sears, Martha Stewart Living, DeVry, American Bancard, Antigenics, Journal Sentinel, Atricure, Daystar, Design Within, Springs Global, EORM, Outsou...
Marie LeoneJuly 27, 2006

• Sears Holdings has named Craig Monaghan chief financial officer, effective September 1. Monaghan is currently CFO of AutoNation. Previously, he served as CFO of, and held senior financial positions at Reader’s Digest Association, Bristol-Myers Squibb, and General Motors.

• Martha Stewart Living Omnimedia has appointed Howard Hochhauser chief financial officer. He has been Acting CFO since March. Prior to that, Hochhauser served as the company’s vice president, finance and investor relations. Previously, he was a vice president in the equity research department of Bear, Stearns. Hochhauser also held senior positions at Credit Suisse First Boston and KPMG Peat Marwick.

• DeVry has hired Richard Gunst to be the education company’s new chief financial officer and treasurer. He succeeds Norman Levine, who will remain with the company as senior vice president. Most recently, Gunst served as CFO of the Quaker Foods and Beverages division of PepsiCo. He also held senior management positions with Amoco, ConAgra Foods, and Sagus International.

• American Bankcard has tapped John Rody to be the company’s new chief financial officer. Most recently, he was chief operating officer and CFO of CRO Realty. Previously, Rody spent 10 years working for Big Four accounting and consulting firms, where he specialized in tax consulting for middle-market companies.

• Antigenics has promoted Shalini Sharp to chief financial officer, effective September 30. She succeeds Peter Thornton, who will be stepping down and plans to return to Ireland with his family. Currently, Sharp is senior director of strategic planning and corporate development at the biotechnology company. Previously, Sharp served as director of strategic planning at Elan and a management consultant at McKinsey. She was also an investment banker with Goldman.

• Journal Sentinel has named Ken McNamee senior vice president and chief financial officer. He replaces Todd Adams, who left the company after 22 years of service. Most recently, McNamee was vice president, compliance, for Scripps Networks. He also served as vice president, finance, for Scripps’ Rocky Mountain News. He the former vice president and CFO of Denver Newspaper Agency.

• Thomas Etergino, chief financial officer of medical device maker AtriCure, has resigned. Until a successor is name, David Drachman, the company’s president and CEO will work with the company’s controller to manage the manufacturer’s finances.

• DayStar Technologies has retained the services of Capstone, an executive recruiter, to conduct a nationwide search to replace its Chief Financial Officer Stephen Aanderud. The finance chief will step down during fourth quarter of the year to address health issues. DayStar manufactures solar energy components.

• Design Within Reach announced the resignation of Chief Financial Officer Ken La Honta. The furniture and accessory designer is in the process of identifying a new CFO, and plans to announce the appointment shortly.

• Springs Global US has appointed Flavio Barbosa chief financial officer. The position has been vacant since the merger between Springs Global and Coteminas. Previously, Barbosa was director of Latin America Debt Markets for Citigroup. He also held management positions at Fleet Boston Financial, Santander Investment Securities, Citicorp Securities, and Coteminas. Springs Global is a home furnishings supplier to retailers.

• Consultancy Environmental and Occupational Risk Management has named Paul Johnson chief financial officer. He replaces Janice McKim, who recently retired. Johnson is the former president and founder of Capital Project Investment Control, and was co-owner and CFO of Nova Partners.

• Outsource Partners International has promoted Debra Cash to chief financial officer. She had been the service company’s managing director in Houston. Cash is a former partner with Arthur Andersen.