CFOs on the Move: Week Ending December 15

Hewlett-Packard, Kellogg, Sysco, National Lampoon, West Marine, Blair, Columbia Laboratories, Gaming Partners International, Haemonetics, State Aut...
Sarah JohnsonDecember 14, 2006

• Hewlett-Packard’s chief financial officer, Robert Wayman, said he will retire, effective December 31. He will be succeeded by the company’s treasurer and senior vice president, Cathie Lesjak. Wayman will retain his board seat and continue to be an HP employee until March. In January 2006, Wayman announced he would retire but had not specified when. Lesjak has served in her current role since 2003, and she has worked for HP for 20 years.

• Kellogg has promoted Jeff Boromisa from chief financial officer to senior vice president of Kellogg Co., executive vice president of Kellogg International, and president of a new organization focused on the cereal maker’s growth in the Asia Pacific region, effective December 31. Boromisa joined Kellogg in 1981 and has served as vice president of procurement, corporate controller, and CFO for Kellogg International, and, most recently, CFO for Kellogg Co. Subsequently, John Bryant, executive vice president of Kellogg Co. and president of Kellogg International, will take on the responsibilities of CFO in addition to his other duties. Bryant previously held this role between 2002 and 2004.

• Sysco Corp. has announced that John Stubblefield, executive vice president of finance and chief financial officer, will retire on July 1, 2007. William DeLaney, who will be senior vice president of financial reporting, effective January 1, will assume Stubblefield’s role on July 1. Stubblefield joined the foodservice and hospitality company in 1984 as a controller. He also held the titles of vice president of finance and senior vice president before becoming CFO 12 years ago. In 1987, DeLaney started at Sysco as an assistant treasurer and later became CFO of Sysco Food Services of Syracuse. He is currently president and CEO of Sysco Food Services of Charlotte.

How Startup CFO Grew Food Company 50% YoY

How Startup CFO Grew Food Company 50% YoY

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• Jeff Gonzalez has resigned as interim chief financial officer from National Lampoon Inc. In July, the entertainment company announced that Gonzalez, then its principal accounting officer, would replace president and CFO Douglas Bennett on a temporary basis.

• West Marine Inc. has hired Thomas Moran as senior vice president of finance, chief financial officer, and assistant secretary, effective January 8, 2007. Before joining the boat retailer, Moran served as vice president of finance and CFO of Aramark’s WearGuard-Crest division.

• Blair Corp. has promoted Adelmo Lopez, the direct marketer’s chief operating officer and chief financial officer, to executive vice president. The additional title will make Lopez directly responsible for all of the company’s operations. Lopez previously served as group general manager at Russell Corp., vice president and CFO of Dole Fresh Fruit International, and regional vice president of Frito Lay.

• Columbia Laboratories has appointed James Meer to senior vice president, chief financial officer, and treasurer. He will replace David Weinberg, who is leaving “to pursue other opportunities,” according to the pharmaceutical company. Meer most recently served as senior vice president, CFO, secretary, and treasurer of Pharmos Corp.; vice president and treasurer of Schein Pharmaceutical; and once held senior financial positions with EnviroSource, John Labatt Ltd., and General Host Corp.

• Gaming Partners International has hired David Grimes as chief financial officer. Gerard Charlier, who had served as interim CFO since August 9, will continue to serve as president and CEO. Grimes will also be the CFO of the company’s subsidiary, Gaming Partners International USA. Most recently, he served as vice president at Artemis International. He also was the CFO of WFI Industries, CFO and treasurer of Patton Electric Co., and a financial analyst at Unisys.

• In January, Christopher Lindop will join Haemonetics Corp. as vice president and chief financial officer. He will replace Ronald Ryan, who is retiring. Lindop had been CFO at Inverness Medical Innovations for the past three years. He previously was a partner in the Boston offices of Ernst & Young and Arthur Andersen. Lindop also serves as a director and chairman of Parexel International’s audit committee.

• State Auto Financial has appointed Steven English to vice president and chief financial officer. He had previously served as vice president and director of corporate development and planning. English replaces Steven Johnston, who left the insurance company in June. English was CFO and treasurer of Meridian Insurance Group of Indianapolis when it was acquired by State Auto in 2001. Prior to joining Meridian in 2000, English was vice president of planning for Conseco, and he began in career with Coopers & Lybrand.

• Sonoran Energy has promoted Frank Smith to president and chief financial officer. Smith had served as the company’s executive vice president and CFO for the past six months. He previously was senior vice president of finance at Remington Oil and Gas, executive vice president and manager of energy lending with the Bank of Texas, and he held several roles at The First National Bank of Boston, along with tenures at Texas Commerce Bank and Continental Illinois National Bank & Trust.

• Convera Corp. has named Matthew Jones chief financial officer, treasurer, and secretary. Jones had been serving as acting CFO, treasurer, and secretary since July. Prior to joining the software company, Jones served as CFO for Space Adventures, PC Data, and The Netplex Group.