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CFOs on the Move: Week Ending March 9

Morningstar, Alberto-Culver, World Wrestling Entertainment, Merisant Worldwide, PMC-Sierra, Dreyer's, Network General, InterDigital Communications,...
Sarah JohnsonMarch 8, 2007

Martha Dustin Boudos is resigning as CFO of Morningstar after 15 years with the investment research firm. The 40-year-old will remain with the company in a role that will give her more time with her family, according to a company press release. The firm did not elaborate on what that role will entail but said Boudos will remain the finance chief until her replacement is named. She became Morningstar’s CFO in 2001, nearly 10 years after joining the company as a marketing manager. She also held the title of vice president of human resources.

• Alberto-Culver Co. has appointed Ralph Nicoletti as senior vice president and chief financial officer. Before joining the personal-care product manufacturer, Nicoletti spent 27 years at Kraft Foods, most recently as senior vice president of corporate audit.

• World Wrestling Entertainment has named Frank Serpe to replace Michael Sileck as chief financial officer. Sileck is now WWE’s chief operating officer. Serpe has been with the company for 20 years and has served as senior vice president of finance and chief accounting officer. Sileck held the CFO title since mid-2005. He previously was CFO of Monster.com and USA Networks. He told CFO.com last year that his main goal when he joined WWE was to better integrate finance into the organization.

• Anthony Nocchiero has resigned as CFO of Merisant Worldwide, which markets no-calorie sweeteners such as Equal. The company is looking for a new finance chief and “expects to complete [the search] shortly,” according to a press release. In the meantime, Dana Voris, vice president, corporate controller, and treasurer, will assume Nocchiero’s responsibilities. Before joining Merisant, Voris served as CFO of Monsanto’s nutrition and consumer products division.

• Michael Zellner will replace a demoted CFO at PMC-Sierra. Zellner joined the technology company last week as chief financial officer and vice president after serving in a similar role at Wind River Systems. He also worked as senior director of finance at Applied Materials. In November, PMC-Sierra announced that Alan Krock would no longer serve as its finance chief and said he had been demoted to vice president of corporate affairs.

• Dreyer’s Grand Ice Cream Holdings has named Steve Barbour executive vice president and CFO. He replaces Doug Holdt, who is retiring. Barbour most recently served as finance director for Nestle United Kingdom. He has worked for Nestle USA, Dreyer’s parent company, for 20 years. Holdt took on the Dreyer’s CFO role two years ago after serving as CFO of Nestle Canada. He held various finance jobs at the company for more than two decades.

• Network General Corp., an IT management solutions company, has appointed Kevin Nater to chief financial officer. Nater was most recently vice president of finance for Dell’s contact centers and U.S. marketing. He had been at the computer giant for 10 years. He also spent 12 years as a senior banker at Citigroup.

• InterDigital Communications CFO Richard Fagan has given his resignation notice. He plans to leave the company no later than August 15. The company is searching for the eight-year veteran’s replacement. In a statement, Fagan said he plans to pursue “some entrepreneurial interests.”

• After less than seven months as CFO, Ronald Pauli is leaving NeoPharm on March 21. He plans to pursue other opportunities in the private sector, the public company said in a statement. Pauli joined NeoPharm as chief financial officer and secretary on September 1, 2006. He previously worked as interim CFO for a few months at Abraxis BioScience, where he was corporate controller for four years. He was also vice president, controller, and CFO of ERSCO and corporate controller for Applied Paper and R.P. Scherer. He also held a variety of positions with KMart.

• Jim Reeder has been named senior vice president and CFO of Data Exchange Corp. He succeeds Brad Guenther, who resigned to pursue other interests. Reeder was most recently vice president of finance for Special Devices Inc. He also held senior-level accounting and finance positions with Avery Dennison Corp. and Atlantic Richfield Co.

• Pixelworks has announced that Mike Yonker, vice president, CFO, corporate secretary, and treasurer, will resign on March 31. Yonker decided to stay in Oregon rather than move to California as the company undergoes a restructuring process and limits its locations to Shanghai and San Jose. Pixelworks is looking for a CFO who will reside in San Jose.

• Giga-tronics has welcomed Pat Lowlor to the company as vice president of finance, CFO, and secretary. He was previously the vice president and CFO at SaRonix and CFO at Aerojet Fine Chemicals. He previously worked at Westinghouse Electric Corp. for more than 20 years, ending with a tenure as vice president of finance and controller.