CFOs on the Move: Week Ending August 31

Google, Gap, Kraft Foods, Omrix Biopharmaceuticals, Wherify Wireless, Flowers Foods, Accredited Home Lenders, Trex, TargetSpot, Beach First Nationa...
Kate PlourdAugust 30, 2007

• Google CFO George Reyes announced he will retire from the Internet search engine as soon as a replacement is found. Reyes, who has been with Google since 2002, did not give a reason for his departure but expects to leave by the end of the year.

• Gap CFO Byron Pollitt will leave the clothing retailer September 14 to become CFO at credit card network Visa Inc. Pollitt will be replaced with current senior vice president of corporate finance Sabrina Simmons, who will also hold the newly created position of executive vice president of finance.

• Kraft Foods announced that CFO James Dollive will retire after 29 years with the company. Kraft named Ingersoll-Rand Co. senior vice president and CFO Timothy McLevish to succeed him, effective October 1.

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• Omrix Biopharmaceuticals has hired Ana Stancic as its chief financial officer and executive vice president. Stancic will be responsible for corporate finance, information technology, and investor relations. She was most recently working as senior vice president of finance at ImClone Systems Inc.

• Jacqueline Nevilles was named chief financial officer and senior vice president for the GPS services company Wherify Wireless. Nevilles most recently worked at PricewaterhouseCoopers, where she oversaw the company’s accounting and corporate finance functions and ran its strategic IT systems and Sarbanes-Oxley process improvement programs. She was previously senior director of finance for Oracle.

• Flowers Foods Inc.’s vice president and corporate controller, R. Steve Kinsey, has been promoted to oversee the finances at the packaged bakery foods producer. Kinsey will serve as senior vice president and CFO starting in mid-September. He replaces current CFO Jimmy Woodward, who is retiring because of family reasons.

• Accredited Home Lenders Holding Co.’s finance chief John Buchanan resigned from the California-based mortgage company, effective August 31. The company said Buchanan’s departure was part of its restructuring plan in response to turmoil in the mortgage industry.

• Paul Fletcher, the chief financial officer of Trex Co., has resigned from the composite decking and railing company. Fletcher, who has been the CFO since 2003, said he will take a job at a privately held technology company.

• TargetSpot Inc. has named Andrew Eisele as the media advertising company’s CFO and chief operating officer. Eisele was previously the senior director of business development at Associated Content, an online publisher and multimedia content provider.

• Gary Austin was appointed as executive vice president and CFO of Beach First National Bank and its holding company, Beach First National Bancshares Inc. Austin has worked in finance for more than 30 years as senior vice president of National City Corp., corporate risk manager for RBC Centura Banks, and executive vice president of Main Street Banks. He also formed a financial consultancy.

• Innovo, the company that designs and produces Joe’s Jeans apparel, hired Hamish Sandhu as its CFO. Sandhu has held various chief financial officer positions, most recently for tanning product manufacturer California Tan Inc. He was also CFO at Ancra International LLC and has held multiple finance positions at manufacturing and distributing companies.

• Jim McCaw has been appointed CFO of Nashua, N.H.-based Eedo Knowledgeware. McCaw will oversee financial operations and treasury functions of the software company. McCaw comes from a 21-year career at KPMG, where he was a partner in the advisory practices area and also senior vice president and director of KPMG Corporate Finance Inc.