CFOs on the Move

Limited Brands, CA, PepsiCo, WGL Holdings, Pike Electric, GTSI, Applied Materials, Kosan Bioscience, Plum Creek Timber, Granite City, Third Screen ...
Marie LeoneAugust 17, 2006

• CA has named Nancy Cooper executive vice president and chief financial officer. She replaces CA Controller Robert Cirabisi, who was serving as interim CFO since May, when finance chief Bob Davis was ousted. Davis was hired in February 2005 to help the company recover from a major accounting scandal. New CFO Cooper was finance chief of both IMS Health and Reciprocal.

• Ken Stevens, the chief financial officer of Limited Brands, has announced his retirement just two months after being appointed to the post. Martyn Redgrave, the company’s chief administrative officer, will assume the CFO duties. Stevens said in a company press release that he was retiring after more than 30 years in business—five with Limited Brands—to devote more time and attention to his family. He was not available for comment.

• PepsiCo has has announced that current chief financial officer Indra Nooyi will take over as chief executive officer, effective October 1. She replaces Steve Reinemund, who said he will retire as chairman and CEO next May, after 22 years with the company. PepsiCo also announced that Nooyi’s current responsibilities will be divided between two company veterans. Richard Goodman, currently CFO of PepsiCo International, will assume the position of CFO for the corporation with responsibility for tax, treasury, control, risk management and audit, and investor relations. Hugh Johnston, currently senior vice president, transformation, has been promoted to the newly created position of executive vice president, operations and will add global procurement and information technology to his responsibilities.

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• WGL Holdings, the parent company of Washington Gas Light, has announced that Chief Financial Officer Frederic Kline will resign effective September 29. Company vice president Vincent Ammann will replaced Kline.

• Mark Castaneda, chief financial officer of Pike Electric has resigned, effective August 18, to pursue other professional opportunities. Anthony Slater, the company’s vice president of finance will replace Castaneda. Previously, Slater was CFO of Universal Solutions International. He also served as vice president of accounting and financial reporting for Konover Property Trust.

• GTSI has promoted Joe Ragan to senior vice president—finance and chief financial officer. He was the company’s vice president of finance and corporate controller. Ragan succeeds Tom Mutryn who left the information technology contractor a week after the company announced a restatement caused by accounting errors.

• After 21 years with Applied Materials, Senior Vice President and Chief Financial Officer Nancy Handel will retire, effective January 5, 2007. A new CFO has not been named, but Handel says she will assist the company in the transition.

• Kosan Biosciences has named Gary Titus senior vice president and chief financial officer. He replaces corporate finance consultant David Johnson who was serving the company in an interim capacity. Prior to joining Kosan, Titus was acting CFO at Nuvelo, and held senior financial positions at Metabolex, Intrabiotics Pharmaceuticals, and Johnson & Johnson.

• Plum Creek Timber has promoted David Lambert to senior vice president and chief financial officer. He is the company’s former treasurer. Lambert replaces William Brown who resigned to become president of Green Diamond Resource.

• Granite City Food & Brewery has appointed Peter Hausback chief financial officer. Most recently, Hausback was CFO of Il Fornaio (America). He also served as vice president and chief accounting officer of NightHawk Radiology Holdings, and vice president and chief financial officer of WestCoast Hospitality.

• Third Screen Media has hired Nancy Lazaros as chief financial officer. Previously, Lazaros served as a consultant to help develop business plans and corporate strategies for emerging companies. Before her consulting role, she served as vice president of business operations research for DoubleClick. Third Screen Media is a mobile marketing technology company.

• Hospira has named Thomas Werner senior vice president, finance, and chief financial officer. He succeeds Terrence Kearney, who recently became the hospital product supplier’s first chief operating officer. Most recently, Werner served as senior vice president, finance, and CFO of Bowe Bell + Howell. He was also finance chief of Xpedior and uBid, served as corporate controller for Gateway, and held several management positions at Baxter Healthcare American Hospital Supply.

• Hurco has tapped John Oblazney to be the industrial technology company’s chief financial officer, effective September 2. He is the former CFO of Carrier Corporation’s Light Commerical business unit, a subsidiary of United Technolgies. Obnlazney also held senior financial management positions with Cooper Industries and Coopers and Lybrand.

• Orange 21 has named Jerry Collazo chief financial officer. Collazo replaces Michael Brower who has resigned, but will remain a consultant to the company during the transition. Most recently, Collazo served as CFO of Channell Commercial. He began his career at Ernst & Young. Orange 21 is a sports and lifestyle brand developer.

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