Job Hunting

CFOs on the Move

Accenture, IMAX, Family Dollar Stores, EDS, Sun Life Financial, EPL, Digene, AFV Solutions, Design Within Reach, PLX Technology, Channell Commercia...
Sarah JohnsonAugust 24, 2006

• Accenture has announced that Pamela J. Craig will take over as chief financial officer, effective October 31. She replaces Michael G. McGrath, who will serve as CFO until that date, when he becomes Accenture’s international chairman. Craig, who has worked at Accenture for 24 years, is currently senior vice president of finance, a role she has held since 2004. A partner for Accenture, she has also held the title of group director of business operations and services. McGrath has been CFO since 2004 and also held the position from 1997 to 2001. He also served as Accenture’s chief risk officer, treasurer and managing partner of corporate matters.

• IMAX announced that Edward MacNeil will take over as interim chief financial officer. He will temporarily replace Frank Joyce, who resigned to become CFO of another publicly listed company. Joyce, along with two other IMAX executives, has been named in a Securities and Exchange Commission complaint regarding its revenue-recognition issues. He told the company several months ago of wanting to pursue other professional opportunities, according to an IMAX press release. MacNeil has worked on IMAX’s finance team for 12 years.

• Family Dollar Stores has promoted R. James Kelly to president and chief operating officer. Formerly the chief financial and chief administrative officer for the discount store chain, Kelly will fill in as CFO until the position is filled. Kelly joined Family Dollar nearly 10 years ago as vice chairman and CFO and chief administrative officer.

• EDS has named Ron Vargo executive vice president and chief financial officer. He has served as the interim co-CFO since March and corporate treasurer since 2004. He will continue working as corporate treasurer on an interim basis. Vargo previously served as corporate treasurer and vice president of investor relations for TRW, and he also worked at General Electric and The Standard Oil Company (now British Petroleum).

• Sun Life Financial has appointed Richard P. McKenney as executive vice president and chief financial officer. He will start work in September to replace Paul Derksen, Sun Life’s current CFO, who is retiring in 2007. McKenney recently resigned as senior vice president and CFO for Genworth Financial.

• EPL has announced that Timothy Woodall is its new executive vice president and chief financial officer, effective August 21. Woodall most recently served as executive director for UBS Investment Bank’s Global Energy Group. He was also the director of investment banking for Credit Suisse First Boston and the head of M&A for Woodside Petroleum. EPL is an oil and natural gas exploration and production company.

• Charles M. Fleischman, chief financial officer of Digene, has resigned, effective October 1, 2006. He is also resigning from his other positions with the company—president, chief operating officer and member of the Board of Directors, effective October 31, 2006. Joseph P. Slattery, Digene’s senior vice president of finance and information systems for the past four years, will take over as CFO. Digene develops, manufactures and markets proprietary DNA and RNA testing systems for the screening, monitoring and diagnosis of human diseases.

• AFV Solutions has appointed Suzanne Herring as chief financial officer. She has more than 19 years of financial, private and public accounting experience, including stints as president of Opus Pointe, which provides contract CFO services. AFV Solutions is an alternative fuel vehicle solutions provider.

• Design Within Reach has announced that Ken La Honta resigned as chief financial officer, effective August 16. Design Within Reach had previously announced that La Honta’s resignation would be effective either at its filing of the 10-Q for 2006’s second quarter or September 1.

• PLX Technology has appointed Stephen Loh interim chief financial officer. He has been the director of finance and corporate controller since September 2002. Loh replaces Rafael Torres, who left PLX to become the CFO of Power Integrations.

• Jerry Collazo, chief financial officer of Channell Commercial Corporation, has resigned, effective August 17. Corporate Controller Jim Duvall will serve as interim CFO until a successor is named. Duvall has served as CFO and controller of Alpha Leisure and was corporate controller at Fleetwood Enterprises.

• AMDL has named Akio Ariura as chief financial officer. Previously, Ariura served as CFO of U.S. operations for Derlan Industries, a Canadian manufacturer. AMDL develops and markets tests for early cancer detection.

• Acsis has appointed Tonya Zweier as chief financial officer. Zweier previously served as vice president of finance and corporate controller for Safeguard Scientifics. Acsis is an enterprise software and services provider.

• has tapped David Morrison as its first chief financial officer. He served as the online marketplace’s interim CFO since February. Morrison was previously the CFO of the law firm Heller Ehrman, executive vice president and CFO of Consolidated Freightways, and vice president and treasurer of CNF.