CFOs on the Move: Week Ending November 30

Delta Airlines, Children's Place, Immucor, Pension Benefit Guaranty, THQ, Idearc, World Am, Moog, Amcore Financial, InfuSystem Holdings, SPS Commerce.
Sarah JohnsonNovember 29, 2007

• Delta Air Lines announced that new company president Ed Bastian will retain his duties as chief financial officer, according to the Associated Press. Bastian was the key executive involved in ushering the airline through Chapter 11 bankruptcy. He was appointed president on September 1, when Richard Anderson was named chief executive officer. In addition, Delta has named Hank Halter senior vice president — finance and controller, and promoted Paul Jacobson to senior vice president — finance and treasurer, adding corporate tax and fleet strategy to his oversight.

• Children’s Place has appointed former American Standard Cos. executive Richard Paradise as its new senior vice president of finance, promising him the CFO post when its delinquent financial reports are filed with the Securities and Exchange Commission. At his previous employer, Paradise was CFO of its bath and kitchen division, which was recently sold to Bain Capital Partners. Paradise will report to Susan Riley, who a year ago was also hired as a senior vice president on a CFO track. She is now executive vice president of finance and administration.

• Immucor Inc. has hired Richard Flynt as vice president and CFO, effective December 10. His predecessor, Patrick Waddy, resigned for family reasons but has stayed with the company, which makes systems for the blood-transfusion industry. Waddy will assist with Flynt’s transition under the title of vice president of international finance. Flynt most recently served as vice president of finance with McKesson Corp., and he has also served as corporate controller and chief accounting officer of Per-Se Technologies Inc., which was acquired by McKesson last January. In addition, he has worked for GNB Technologies Inc., Exide Technologies Inc., GTS Energy, and Ernst & Young.

• Pension Benefit Guaranty Corp. has appointed Patricia Kelly as CFO.
She joins the federal corporation from the Department of Agriculture’s Natural Resources Conservation Service, where she was CFO. She has also served as the CFO and budget officer for the Federal Crop Insurance Corp.

• Edward Zinser has resigned as executive vice president and CFO of THQ Inc., which makes video-game software. The company said he is leaving, effective immediately, after three years in the post by mutual agreement between him and THQ. In his place, corporate controller Rasmus van der Colff will fill in as interim CFO. He has previously worked at Sun Microsystems, Activision, and KPMG Peat Marwick.

• Idearc Inc., which publishes and Verizon Yellow Pages, has replaced its CFO, Andy Coticchio, with its senior vice president of investor relations, Samuel D. Jones, on an interim basis. The move is effective immediately. Jones will continue to serve in his current position as well as hold the titles of acting CFO and treasurer.

• C. Robert Kline has joined World Am Inc. as CFO. He will also serve as the board’s audit chairman. He succeeds David Barnes as CFO. According to the holding company, which develops technology solutions, Kline is a veteran technology evaluator and government program manager.
He has helped launch products in various technology areas for the departments of Defense, Commerce and Energy, the National Security Agency, and the FBI. He has also served as a university professor and leader of university research for many years. And he has served as a technology evaluation and selection leader for private firms, such as Select University Technologies Inc., which is a World Am shareholder. Kline is currently chairman and president of KTC Global Inc.

• Robert Banta will retire as executive vice president of Moog Inc. after 25 years of working for the manufacturer. He joined the company in 1983 as CFO after a career in commercial banking. He will keep his Moog director seat. Vice president of contracts and pricing John Scannell will become the new CFO. He has been with the company for 17 years.

• Judith Carre Sutfin will join Amcore Financial Inc. as its new CFO and executive vice president, effective December 17. She fills the slot left open by Donald Wilson, who was promoted to president and chief operating officer of the commercial bank in August. Sutfin previously held the title of head of business decision support at LaSalle Bank Corp., which was recently acquired by Bank of America. She had worked there since 1984 and served in a CFO capacity for a variety of business units including commercial, client services, and IT services.

• InfuSystem Holdings has appointed Sean Whelan as CFO. He replaces Erin Enright. For the past decade, Whelan has held senior finance positions with Ford Motor Co., including accounting director for one of its subsidiaries. He began his career with Deloitte & Touche as a senior auditor. InfuSystem provides ambulatory infusion pump services for chemotherapy treatments.

• SPS Commerce has hired former executive Kim Nelson as CFO. She joins the software company after seven years with Amazon, most recently serving as finance director.