CFOs on the Move: Week Ending November 9

Time Warner, CSK Auto, H&R Block, MasterCard, Applebee's, Cardinal Health, Credence Systems, Sycamore Networks, Mesa Air Group, Conference Board, P...
Sarah JohnsonNovember 8, 2007

• Time Warner has named John Martin its new executive vice president and chief financial officer, effective January 1. He will move over from the company’s cable TV subsidiary, where he holds the same titles. Martin will succeed Wayne Pace, who is scheduled to retire by the end of the year. Martin’s first job with Time Warner was as a manager of financial reporting in 1993. He left the company for two years to work at ABN AMRO Securities. He has held his current position for the past two years.

• CSK Auto Corp. has hired James Constantine as executive vice president of finance and CFO. He will join the automotive-aftermarket retailer on November 15. He most recently served as CFO of retailer ShopKo Stores Operating Co. He has also worked at Factory Card & Party Outlet as chief financial and administrative officer and Sears, Roebuck and Co. as senior assistant treasurer. He began his career with Deloitte & Touche. James Riley left the CSK finance chief position in June to take over the same role at Ormet, an aluminum production company.

• William Trubeck has stepped down as CFO of H&R Block Inc., effective immediately. Becky Shulman, senior vice president and treasurer, has been named acting CFO in his place. Trubeck joined the tax preparer as CFO three years ago. He will be on hand to offer the company consulting services through December. Before joining H&R Block, Trubeck was CFO of Waste Management, International Multifoods’ Latin American operations, Honeywell Inc., NWA & Northwest Airlines, and SPX Corp.

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MasterCard Hund-MejeanA Tyco and Lucent finance veteran, Martina Hund-Mejean has been named MasterCard’s new CFO following her predecessor’s promotion.

• MasterCard has selected Tyco executive Martina Hund-Mejean as its new chief financial officer. She replaces Chris McWilton, who was named president of global accounts. Both moves are part of a management shake-up that began after chief operating officer Alan Heuer announced he would retire from his post at the end of 2008. Hund-Mejean joined Tyco’s management team in 2002 and held the titles senior vice president and treasurer. Previously, she worked as a treasurer for Lucent Technologies, served in a series of finance positions at General Motors, and worked as a credit analyst at Dow Chemical in Frankfurt, Germany. McWilton joined MasterCard in 2003 as corporate controller and was appointed CFO later that year.

• Applebee’s International CFO Steve Lumpkin will leave the restaurant chain when its merger with IHOP is completed, which could happen by the end of November. IHOP, which acquired Applebee’s earlier this year, announced Lumpkin’s impending departure along with that of seven other Applebee’s executives. Lumpkin became CFO in 2002 after serving as the company’s chief development officer.

• Jeffrey Henderson, Cardinal Health’s CFO, has been named interim CEO of the company’s health-care supply chain services sector. Mark Parrish, CEO of that group, stepped down earlier this week to pursue other interests, the company announced. Henderson previously was president and general manager of Eli Lilly Canada Inc. before joining Cardinal Health in 2005. In addition to a variety of other financial roles at Eli Lilly, Henderson has held management positions at General Motors.

• Joy Leo has decided to leave the CFO post at Credence Systems after less than seven months with the company, which provides services for the semiconductor industry. Leo will stay with the company until it files its most recent annual report. Credence has begun an “aggressive” search to find her replacement. Leo joined the company in April from Artisan Components, where she was CFO. She also served as vice president of finance and administration, and CFO for IMP Inc.; vice president of finance, operations, and administration at Innomedia; and vice president and CFO for Philips Components. At Credence, she replaced John Batty, who had served as CFO for two years.

• Sycamore Networks has appointed Paul Brauneis as CFO, vice president of finance and administration, and treasurer, effective November 12. He replaces Richard Gaynor, who left in September after nearly three years to work at Sonus Networks. Before joining Sycamore, Brauneis was CFO at Cantata Technology, which was recently acquired by Dialogic Corp. He also once served as CFO for Avici Systems and Spinnaker Software, and held finance executive positions at Wang Global, BBN Corp., and M/A-Com Inc. Brauneis began his career at PricewaterhouseCoopers.

• Mesa Air Group has fired CFO George “Peter” Murnane III. The company’s announcement came soon after a U.S. Bankruptcy Court finding that Mesa had violated a confidentiality agreement with Hawaiian Airlines. According to Mesa, the court determined that Murnane had “intentionally and in bad faith destroyed evidence” pertinent to Hawaiian’s breach-of-contract lawsuit against Mesa. Murnane hasn’t worked for Mesa in over a month, since he was placed on administrative leave on September 21. Mesa vice president of finance William Hoke will serve as interim CFO.

• The Conference Board has named James Slamp executive vice president and CFO. He replaces George Convery, who is retiring after serving the research and business membership organization for 50 years. Previously, Slamp was CFO of several venture-backed professional services organizations, most recently with Integrated Development Enterprise Inc., where he served as CFO since 2004. He began his career at PricewaterhouseCoopers.

• The Princeton Review has appointed Stephen Richards as chief operating officer and CFO, ending a nearly year-long search for the replacement of former finance chief Andrew Bonanni. Stephen Melvin, who had served as the educational test preparer’s CFO earlier this decade, has been filling in as CFO in recent months. Richards previously was chief operating officer and CFO at Houghton Mifflin. He has also served as CFO at Harcourt Education and was once a partner at Deloitte Touche.

• Eyeblaster has appointed Sarit Firon as CFO. She joins the provider of digital marketing services from Olive Software, where she was CFO and vice president of finance. She also once served as CFO of P-Cube and Radcom Ltd.

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