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CFOs on the Move: Week Ending May 11

ABN Amro, Marvell Technology Group, eBay, 3Com, Superior Industries International, inVentiv Health, Entergy, Consolidated Graphics, United Online, ...
Sarah JohnsonMay 10, 2007

Hugh Scott-Barrett will resign as CFO and board member of ABN Amro on August 1. He will be succeeded by Huibert Boumeester, who is also a member of the managing board. ABN Amro is in the middle of a takeover battle between Barclays plc and a consortium headed by the Royal Bank of Scotland. “Given the expected change in ownership of ABN Amro, this is an opportune moment for me to look at my future and explore new opportunities in my career,” said Scott-Barrett in a statement.
He joined ABN Amro in 1996 and later became global head of corporate finance. He joined the managing board in 2000.

George Hervey has resigned as CFO of Marvell Technology Group. The company made the announcement amid other management changes after completing its internal review of its stock-option practices. Corporate controller and treasurer Mike Tate will replace Hervey on an interim basis.

• Douglas Jeffries is resigning as vice president of finance and chief accounting officer at eBay to take on the CFO role at Pacific Ethanol on May 29. Before joining eBay in 2003, Jeffries held executive leadership roles in finance and technology with GenCorp, Red Herring Communications, Cardinal Health, and PricewaterhouseCoopers. H. Baird Radford, eBay’s vice president and controller, will take Jeffries’ place temporarily.

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• Don Halsted has resigned as CFO of 3Com Corp. “to pursue other opportunities,” according to the network systems company. Jay Zager will take his place on June 23. Halsted will help during the transition by acting as an adviser, the company said. Zager was most recently the executive vice president and CFO of Gerber Scientific. He has also worked at Helix Technology Corp. as senior vice president and CFO; Inrange Technologies Corp. as executive vice president and CFO; and Compaq/Digital Equipment organization in several financial and business management positions.

• Jeff Ornstein is retiring as CFO and board member of Superior Industries International. The 65-year-old joined the company in 1984 as CFO. He will be temporarily succeeded by Emil Fanelli, vice president and corporate controller, while the company looks for a permanent replacement. Superior Industries supplies aluminum wheels to automakers.

• David Bassin has been promoted to CFO of inVentiv Health, replacing John Emery, who is leaving the company. Bassin is currently CFO and chief operating officer of inVentiv Commercial. Before joining inVentiv, Bassin was an Arthur Andersen auditor. Bassin’s coworker William O’Donnell has been promoted to president and COO of inVentiv Communications. O’Donnell has been the CFO and chief administrative officer of that division since 2001. He previously spent 17 years with Bank One (now JP Morgan Chase), where he became CFO for Bank One’s retail customer and channel group.

• Theodore Bunting, vice president and CFO of Entergy’s utility and nuclear businesses, will succeed Nathan Langston as senior vice president and chief accounting officer, who is leaving the company in August. Bunting began his career at Arthur Andersen and later worked at Arkansas Power and Light. He spent 16 years reporting to Langston. Wanda Curry succeeds Bunting as vice president and CFO for nuclear operations. She joined the company in 2002 as vice president in the office of the chief risk officer. She previously held senior level positions with Enron in commodity structuring and various finance and accounting functions.

• Executive vice president and CFO G. Christopher Colville is leaving Consolidated Graphics on June 30 after 13 years with the printing company. The company is searching for his replacement.

• United Online Inc. has announced that its president and CFO, Charles Hilliard, will leave the company on May 31 to work with a privately held Internet company. Neil Edwards, senior vice president of finance, treasurer, and chief accounting officer, will be interim CFO while the company searches for a replacement. Edwards joined NetZero, the predecessor company to United Online, in 1999. He previously worked at Patagonia as CFO.

• David Dill will become CFO of LifePoint Hospitals in August. He was most recently executive vice president of Fresenius Medical Care North America and as CEO of the East Division of Fresenius Medical Care Services. He has also worked at Renal Care Group as executive vice president, CFO, and treasurer.

• Activant Solutions has hired Kathy Crusco as senior vice president and chief financial officer. She previously served as vice president of worldwide finance for Polycom Inc., where she also held the titles of vice president, worldwide controller, and chief accounting officer. She previously worked at Documentum as vice president of finance and accounting; Adaptec as director of finance; and PricewaterhouseCoopers as an auditor.