CFOs on the Move: Week Ending June 8

Monster Worldwide, AstraZeneca, AT&T, Pacific Capital Bancorp, InPhonic, Zango, Global Payment Technologies, Masco Corp., Spectrum Brands, TNR Ente...
Sarah JohnsonJune 7, 2007

• Monster Worldwide CFO Lanny Banker has resigned to pursue other career opportunities and business interests, according to a company press release. The parent company of career services site made the announcement on June 6 along with several other management changes. Timothy Yates, former CFO of Symbol Technologies, will take his place. Yates has also worked at Bankers Trust for 25 years in various positions, including finance chief. Yates will be joined by another Symbol alum: Former Symbol CEO Sal Iannuzzi became chairman and CEO of Monster Worldwide in April.

• Jon Symonds has resigned as CFO of AstraZeneca to join Goldman Sachs as a managing director in mid-September. He will end his 10-year tenure at the pharmaceutical company by the end of July. He previously spent 17 years at KPMG. AstraZeneca is searching for Symonds’ successor.

• Onetime CFO Randall Stephenson has begun his new job as chairman and CEO of AT&T. He replaces Edward E. Whitacre Jr., who retired on June 3. Stephenson most recently served as AT&T’s chief operating officer. Stephenson began his career with Southwestern Bell Telephone in 1982 and progressed through a series of leadership finance positions before becoming controller for SBC Communications, where he eventually became senior executive vice president and CFO. He has held an AT&T board seat since 2005.

The 7 Habits of Highly Effective CFOs

The 7 Habits of Highly Effective CFOs

Download our whitepaper to discover the technical and behavioral skills needed to lead your business forward.

• Joyce Clinton has resigned as CFO of Pacific Capital Bancorp, citing her long commute from Arizona to Santa Barbara, California, as the main reason for leaving the job after more than a year. She will stay with the company until August 9 while the company searches for her replacement. “It’s important for me to be full-time in Arizona with my family at this stage in our lives,” Clinton said in a company press release.

• Following the release of its 2006 restated financial results, InPhonic announced that its CFO, Lawrence Winkler, has resigned for personal reasons. The wireless services reseller is searching for a permanent replacement. In the meantime, Gregory Cole, senior vice president of corporate treasure, will take on some of the CFO duties, and George Moratis, senior vice president of financial reporting analysis, will serve temporarily as the designated principal financial and accounting officer. Winkler joined the company three years ago and has agreed to provide short-term consulting related only to strategy for 1010 Interactive LLC, a subsidiary of the company. He previously worked at private equity firm Stanmore Capital and as CFO at OmniSky Corp. and PSINet Inc.

• Online media company Zango has hired Jamie Miller as CFO. He most recently served as chief operating officer and CFO of ePartners, a position he had held since 2003. He also served as COO and CFO at thePlatform, which he co-founded, and COO and CFO of iCat, where he eventually became CEO.

• Global Payment Technologies has appointed its CFO, William McMahon, as interim president, CEO, and director following the departure of president and CEO Stephen Nevitt. Nevitt left for personal reasons, the company said. McMahon, who has worked for the company since April 2006, will retain his title of finance chief. McMahon has served as senior vice president of Buccino & Associates, CFO of Bobby Allison Wireless, and CFO of Serengeti Eyewear.

• Masco Corp. has promoted CFO Timothy Wadhams to chief executive, effective July 1. He has been associated with the manufacturer for 30 years (he joined an affiliated company, MascoTech, in 1984 before returning to Masco as CFO in 2001). He began his career in 1972 with Coopers & Lybrand. John Sznewajs, treasurer and vice president of corporate development, will take Wadhams’ place as CFO. He will continue to oversee the corporate development function and serve as treasurer. Sznewajs joined Masco in 1996 as business development analyst. He previously worked at Amrigon Inc.

• Spectrum Brands Inc. has promoted Anthony Genito to senior vice president and chief financial officer to replace Randall Steward, who has resigned to pursue other professional and personal interests, according to a company press release. Genito most recently served as the company’s senior vice president of finance and chief accounting officer. Before joining Spectrum, he was vice president of global supply chain and global quality operations with Schering-Plough. He began his career with Deloitte & Touche.

• Robert Genthert has joined TNR Entertainment, which operates self-service DVD kiosks, as CFO. He previously worked for 11 years at The Walt Disney Co., including some time as vice president of worldwide finance for Buena Vista
Home Entertainment. He also served as CFO for Warner Bros. Online.

4 Powerful Communication Strategies for Your Next Board Meeting