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CFOs on the Move: Week ending December 7

BSkyB, Siemens, Bellevue, EcoSecurities, DS Smith, Cision
Jason KaraianDecember 7, 2007

• Jeremy Darroch is stepping up from CFO to CEO at BSkyB, the UK-based television group owned by Rupert Murdoch’s media conglomerate News Corp. Darroch replaces James Murdoch, Rupert’s 34-year-old son, who is now head of European and Asian operations for News Corp. Having joined BSkyB in 2004 as finance chief, Darroch is the company’s first internally appointed chief executive.

• CFOs have been named for the three divisions of the new, streamlined structure of German conglomerate Siemens. Starting in January, the group will operate as an “integrated technology company,” according to CEO Peter Löscher. Finance at the industry sector will be run by Hannes Apitzsch, formerly finance chief of the automation and drives business unit; the CFO of the energy sector will be Ralf Guntermann, formerly of the power generation unit; and the healthcare sector will welcome Klaus Stegemann, formerly of the medical unit, as CFO. All three will report to group CFO, Joe Kaeser.

• Swiss investment group Bellevue named Daniel Koller as CFO. Koller joins from bank Valartis, where he was chief compliance officer. He replaces Daniel Hefti, Bellevue’s CFO since May 2000, who is leaving the firm to “take up a new challenge.”

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• EcoSecurities, a UK-based company that develops projects to reduce greenhouse gases and generate carbon credits, announced that CFO Jack MacDonald will become director of corporate development early next year. James Thompson, CFO of renewable energy company Greenergy, will replace him.

• Plastic and fibre products manufacturer Filtrona announced the unexpected departure of finance director Steve Dryden, an 11-year veteran of the company. His departure date is not yet fixed, but his destination is: DS Smith. The packaging firm announced the departure of its CFO, Gavin Morris, in late November.

• Swedish information services provider Cision named Erik Forsberg as its CFO. He will join the company from EF Education, a private-education organisation, by March at the latest. Forsberg replaces Gunilla Rudebjer, who will become vice president of strategic projects.

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