CFOs on the Move: Week Ending December 28

Coca-Cola Bottling, Bacardi, Legacy Bancorp, LookSmart, Saints Capital, PCS Edventures, VeraSun Energy, Avanir Pharmaceuticals, Brooklyn Federal Ba...
Sarah JohnsonDecember 27, 2007

• Coca-Cola Bottling Co. Consolidated has hired one of its directors, James Harris, as senior vice president and CFO, effective January 25. He succeeds Steven Westphal, who has been the CFO since 2005 and will become executive vice president of operations and systems. Harris joins the bottler from MedCath Corp., where he was CFO. At MedCath, treasurer J. Arthur Parker will become interim CFO. He has been with the health-care provider since 2001.

• Graham Hetherington has resigned after less than a year as CFO of Bacardi Ltd. This spring, he joined the spirits company from Allied Domecq, where he had been CFO for six years. Executive vice president Ralph Morera has taken on the CFO post at Bacardi.

• Stephen Conley has retired as treasurer and CFO of Legacy Bancorp Inc., the holding company for Legacy Banks. In his place, the company has promoted senior vice president of finance Paul Bruce to finance chief. He has been with the company for six years. As for Conley, he had worked at Legacy Bancorp for 32 years.

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.

• LookSmart has appointed William Bush as CFO. He joins the online advertising and technology company from ZVUE Corp., where he was CFO. He has also served as CFO of International Microcomputer Software, co-founder of, and corporate controller of Autodesk Inc. He began his career at PricewaterhouseCoopers and Ernst & Young.

• Investment firm Saints Capital has named Robert Keppler CFO. He previously served as CFO for 10 years at Centennial Ventures. He has also worked at Total Petroleum, where he was controller and treasurer. He began his career at PricewaterhouseCoopers.

• Shannon M. Smith has resigned as vice president and CFO of PCS Edventures, effective January 15. She has taken on another opportunity, which the company did not specify. She will be employed with the learning company on a part-time basis until a replacement is named. PCS CEO Tony Maher will serve as interim CFO in the meantime. PCS is looking for a chief financial officer with a CPA because “we need to reach a certain level of sophistication in our CFO,” Maher said.

• VeraSun Energy Corp. has appointed CFO Danny Herron to the additional post of president, effective January 1. Herron replaces Don Endres, who will remain the company’s CEO. Herron joined VeraSun as senior vice president and CFO in March 2006. Previously he was executive vice president and CFO at Swift & Co., a meat processor. He has also held senior-level positions at ConAgra Beef Co., Borden Foods Co., and Frito-Lay Inc.

• Martin Sturgeon has resigned as vice president and interim CFO of Avanir Pharmaceuticals, effective January 9. The company had sold its antipsychotic drug FazaClo over the summer and subsequently reassessed its personnel needs, including those in its finance and accounting department. In July, Sturgeon replaced senior vice president and CFO Mike Puntoriero. Sturgeon joined Avanir as chief accounting officer last February.

• Brooklyn Federal Bancorp has promoted CFO Richard Kielty to president and chief operating officer. He will continue to report to CEO Angelo Di Lorenzo, who has relinquished his president title. Ralph Walther, vice president and controller, was promoted to CFO of the parent corporation for Brooklyn Federal Savings Bank.