CFOs on the Move: Week Ending January 25

Gap, Sprint Nextel, Advance Auto Parts, Ashton Woods, CyrusOne, Hartford Financial, CDEX, MoSys, X-Rite, American Media, Datascension, Aquetong Cap...
Kate PlourdJanuary 24, 2008

• Gap promoted its interim CFO Sabrina Simmons
to the finance chief position permanently. Simmons was formerly vice president and treasurer of the clothing retailer. She replaces the position left empty last August when CFO Byron Pollitt stepped down.

• As part of a management shake-up, Sprint Nextel announced its CFO, Paul Saleh, will leave the company January 25. The company gave no reason for his departure, which is accompanied by the exits of the mobile phone provider’s chief marketing officer and president of sales and distribution. Current senior vice president and controller William Arendt will take over as acting CFO.

• Michael Moore, the CFO for Advance Auto Parts, has announced he will leave the position to pursue other business opportunities. Moore will be replaced with Michael Norona, who will report directly to CEO Darren Jackson, the former CFO of Best Buy who made the move to the auto parts retailer this December. Norona comes from Best Buy after a 19-year career, where he held financial leadership roles in the company’s Canadian subsidiary Future Shop.

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• Robert Salomon, CFO of Georgia-based Ashton Woods USA LLC, announced he will retire from the company on February 8 to take a position at Beazer Homes USA Inc. Until a replacement is found, Jerry Patava, the CEO of Ashton Woods affiliate Great Gulf Group, will oversee the finances on an interim basis.

• Paul Marvin will be the new CFO for data-center services company CyrusOne. Marvin’s most recent position was vice president and corporate controller for VeriCenter, which was recently acquired by SunGard Availability Services.

• David M. Johnson, chairman, CFO, and executive vice president of the Hartford Financial Services Group, has announced he intends to leave the company mid-2008. The former executive vice president and CFO of Cendant Corp. has been with Hartford since 2001. A replacement search is underway.

• CDEX Inc. has announced acting CFO August DeLuca will now hold the position permanently. DeLuca has led the finance team at the Arizona-based technology company for the past nine months. Previously, DeLuca held finance chief positions at ELCO, Textron, and MSL Industries. At CDEX, his duties will include supervision of accounting and financial activities, treasury, financial modeling, and risk management.

• James W. Sullivan will be the new CFO for Sunnyvale, Calif.-based MoSys. He’ll be responsible for financial, administrative, and investor relations functions at the intellectual-property technology provider. Sullivan formerly held the CFO position at Apptera Inc. and 8×8 Inc.

• On March 3, Lynn Lyall will assume the titles of executive vice president, CFO, and secretary at X-Rite Inc., succeeding Mary E. Chowning, who will retire. Lyall was formerly the CFO of Alticor Inc. He also oversaw the finances at Blockbuster from 1997 to 1999.

• Jack Craven, current CFO of American Media Inc., which owns the National Enquirer, will be replaced with the company’s publishing executive Dean Durbin. Craven gave no reason for his resignation from the media company, but he will remain with AMI as a consultant.

• David Lieberman will become the new CFO of Datascension, effective immediately. Most recently Lieberman was the CFO of San Diego-based Dalrada Financial Corp.

• Former American Express International CFO Marc Schoenfeld has joined Aquetong Capital Advisors as a managing director to open the firm’s Florida office. Before his position at American Express, Schoenfeld was the CFO of the AMRO Bank branch in New York.

• George de Urioste will take over as interim CFO of Marvell Technology Group Ltd., replacing former interim CFO Michael Rashkin, who resigned for health reasons. Rashkin will revert to his previous role as vice president and general tax counsel. De Urioste has served as finance chief at public and private companies, such as Remedy Corp. and Chordiant Software.

• Roamware Inc. has appointed Eran Pilovsky as executive vice president and CFO of the mobile roaming and media solutions marketer. Pilovsky has worked for 20 years in financial management in Silicon Valley, as CFO of Aperto Networks, Blue Martini Software, and Vyyo. His responsibilities at Roamware will include global financial, administrative, and corporate development activities.