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CFOs on the Move: Week Ending March 23

Motorola, Bausch & Lomb, Dick’s Sporting Goods, Castle Brands, Trimeris, Denver, ProLogis, Cuisine Solutions, TuVox, TalentQuest, Radiation Therapy...
Sarah JohnsonMarch 22, 2007

David Devonshire is retiring from his CFO post at Motorola. Board member Thomas Meredith was named acting CFO in Devonshire’s place. Meredith is co-founder and general partner of Meritage Capital and CEO of MFI Capital. He also served as senior vice president and CFO of Dell from 1992 to 2000. Devonshire joined Motorola in 2002 to replace retiring finance chief Carl Koenemann. He previously headed finance at Ingersoll-Rand Co. and was CFO of Owens-Corning and vice president of finance at Honeywell.

• Bausch & Lomb has named Efrain Rivera senior vice president and chief financial officer. He succeeds Stephen McCluski, who will retire on June 30. In the meantime, McCluski will hold the title of senior vice president of corporate strategy and be responsible for strategic business development activities. Rivera has been with the eye health company since 1989 and has held management and executive positions in corporate treasury, business analysis, and investor relations. Previously, he was an attorney in the civil division of the U.S. Department of Justice. McCluski has been with Bausch & Lomb since 1988, when he joined the company as director of financial planning and analysis for the Personal Products Division. He served as vice president and controller for the Eyewear Division, president of the former Outlook Eyewear subsidiary, and was named corporate vice president and controller in 1994. He has served as CFO since 1995.

• Dick’s Sporting Goods has hired Timothy Kullman as senior vice president and CFO. He will begin his new job in April after leaving his CFO post at Petsmart, where he worked for five years. He previously worked as executive vice president and CFO for Hagameyer North America Holdings and CFO of three grocery store companies. He also held various positions with Blue Cross Blue Shield of Michigan and Deloitte Haskins & Sells. Kullman replaces Michael Hines, who is resigning at the end of March.

• Herbert Roberts has resigned as CFO of Castle Brands after three months on the job. The spirits company said his resignation was personal and is not related to business, competitive, or financial issues. Keith Bellinger, the company’s president and chief operating officer, will act as principal financial officer until Castle finds a permanent CFO replacement. Roberts joined the company in December to replace Matthew MacFarlane. He had previously worked nine years as senior vice president, CFO, and treasurer of Helicon. He also worked several years in the finance department of CBS.

• Robert Bonczek will retire as chief financial officer and general counsel of Trimeris on April 30. The announcement of his resignation came amid several other departures at the biopharmaceutical company, including that of the CEO and chief operating officer. The company said it is shifting its “strategic emphasis.” Bonczek joined the company as CFO in 1999 after two years as a legal and business consultant to the company. He previously spent 24 years at E.I. DuPont de Nemours & Co., where he served in various executive positions, including chief counsel and corporate director of safety, health, and environmental affairs.

• On April 16, Claude Pumilia will begin his job as Denver’s first chief financial officer. The city’s mayor has tasked Pumilia with integrating the accounting, payroll, budget, and treasury functions by January 2008, among other duties. He previously held senior financial and business executive positions at Compaq Computer Corp., Hewlett-Packard, and CA. He also served as a strategy consultant with McKinsey & Co.

• William Sullivan will succeed Dessa Bokides as CFO of ProLogis on April 1. Sullivan is the former CFO of Jones Lang LaSalle, where he worked for 18 years. He left the firm in 2001 to become the CEO of SiteStuff, an online procurement company. He also founded Greenwood Advisors. ProLogis manages and develops distribution facilities.

• Cuisine Solutions has hired Ronald Zilkowski as CFO, secretary, and treasurer. He previously worked at Intermagnetics General Corp. before it was acquired by Royal Phillips. Prior to that, he was senior vice president of finance and controller at Chindex International, and he also spent several years working with the international group of Bristol-Myers Squibb.

• TuVox, which provides speech applications, has named Priscilla Morgan its new chief financial officer. She most recently served as vice president of business operations and development for Oracle On Demand.

• Mike Phillips has joined software company TalentQuest as chief financial officer. Most recently, he served as executive vice president, CFO, and chief information officer for Flag Bank.

• Radiation Therapy Services has appointed David Watson as CFO to replace David Koeninger, who announced his retirement last year. Watson will join the company in early April and assume the finance chief role on July 1. Koeninger will remain chief financial officer and assist with the transition through June 30 and be retained as a consultant for one year. Watson is currently treasurer and vice president of finance for The GEO Group, where he has worked since 1994. He also held the titles of chief accounting officer, corporate controller, assistant secretary, and assistant treasurer. He also held several positions at Arthur Andersen, most recently as manager of audit and business advisory services.

• Thomas White has resigned as senior vice president, CFO, and treasurer of Hub Group. The transportation management company has promoted vice president of finance Terri Pizzuto to executive vice president, CFO, and treasurer. She has been with the company for five years. She previously worked as a partner at Arthur Andersen.

• Biotechnology company Codon Devices has appointed Daniel Geffken chief financial officer. He most recently worked at Konarka Technologies as executive vice president and CFO. He has also held the finance chief title at Transkaryotic Therapies, CytoTherapeutics, and Omnisonics Medical Technologies.