CFOs on the Move: Week Ending June 22

Liz Claiborne, Yahoo, Cerberus, Apollo Group, Innuity, Westell Technologies, Silicon Storage Technology, StanCorp Financial Group, MINO Wireless, C...
Sarah JohnsonJune 21, 2007

• Liz Claiborne has appointed Andrew Warren as CFO, effective July 9. He previously worked at General Electric for the past 18 years and held the positions of CFO for NBC Universal Television Group and senior operations leader for GE Audit Staff.

• Yahoo has named former CFO Susan Decker as president six months after giving her the positions of executive vice president and head of the Internet company’s Advertiser and Publisher Group. Last year’s management shakeup fueled speculation that Decker was next in late to become CEO, but Yahoo has instead appointed co-founder Jerry Yang as Terry Semel’s replacement. Semel stepped down earlier this week and will be non-executive chairman and corporate adviser. Before joining Yahoo, Decker spent 14 years with Donaldson, Lufkin & Jenrette, where her most recent post had been as the global director of equity research. Earlier, she was a media analyst.

• Former Bank of America CFO Alvaro de Molina will begin his new job at private equity firm Cerberus Capital Management next week. De Molina resigned from the bank last December after 18 months as CFO and 17 years with the company. He previously had been CEO of Banc of America Securities, the bank’s investment banking subsidiary. De Molina was succeeded as CFO by Joe Price, who had been B of A’s risk management executive for Global Corporate and Investment Banking.

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• Joseph D’Amico, Apollo Group’s interim finance chief since December, has agreed to take the CFO job on full time. Last year, D’Amico took on the role as a senior managing director for FTI Palladium Partners to replace Kenda Gonzales, who resigned for personal reasons. During his short time at the education provider, D’Amico has dealt with a restatement and helped strengthen the company’s governance practice, according to an Apollo press release, following an internal investigation that found various deficiencies in the company’s past stock option granting process. Before joining FTI in 2002, D’Amico was a partner with PricewaterhouseCoopers for 21 years.

• Innuity Inc. has promoted Linden Barney from vice president of finance to CFO. He replaces Bob Bench, who is returning to full-time work at BayHill Group, the investment strategy firm he co-founded. Barney has been working at the software company for more than a year after spending six years as corporate controller of Sento Corp. He started his career with KPMG.

• Nicholas Hindman, the CFO of Westell Technologies since 1999, is now the broadband company’s chief operating officer, a new position. Amy Forster will take his place and hold the title of senior vice president as well as CFO. She previously held the title of executive director of finance at Westell, which she joined in 1994. In between that job and her new one, she was managing director of finance and controller for Claymore Securities. Both appointments go into effect on July 2.

• Silicon Storage Technology has appointed James Boyd as chief financial officer.
He spent the past seven years as CFO for ESS Technology, and he was once the finance chief for Gatefield Corp. ESS is searching for a permanent replacement for Boyd.

• StanCorp Financial Group has reached a mutual separation agreement with Cindy McPike, who was senior vice president and chief financial officer as of June 18. She joined the company nine years ago and took on the finance chief role in 2002. She has told the company she plans to explore opportunities of becoming a CFO or chief executive of another company. While the financial services company searches for her replacement, Rob Erickson, assistant vice president and controller, will act as principal financial officer.

• Richard Heaps will be doing triple duty at MINO Wireless as chief operating officer, CFO, and general counsel. Previously, he was CEO and co-founder of startup firm Vocal Valet, and he has held leadership positions with the Management Group, Clarent Corp., Centura Software/Gupta Corp., Oracle, and DataQuest.

• Jack Lawrence will join Corgi International Ltd. as chief operating officer, CFO, and group managing director in early July. He replaces Jennifer Klatt, who is resigning to pursue other interests, the company says. Lawrence will head the Hong Kong-based licensing company’s North American operations. He previously was CFO and head of operations for game-maker Cranium Inc. He has also held the titles of COO and CFO at AT&T Multi-Media, Chambers Communications, and Dotcast Inc.

• Materials maker Pro-Build Holdings Inc. has appointed Thomas Ryan as CFO. He previously was vice chairman of Allied Waste Industries, where he also served as executive vice president and finance chief. He held those same titles at Federal Mogul Corp.

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