CFOs on the Move: Week Ending March 21

GMAC, Nascent Wine, Barrier Therapeutics, Angeion, Aureon Laboratories, MIPS Technologies, Rodman & Renshaw, WisdomTree Investments, Evergreen Real...
Kate PlourdMarch 20, 2008

• Former Bank of America CFO Alvaro de Molina has been promoted from chief operating officer to CEO of GMAC Financial Services. The company’s current CEO will move to a position at Cerberus Capital Management, the private equity firm that holds a 51 percent state in GMAC. De Molina was with B of A for 17 years when he stepped down in December 2006 after an 18-month stint as CFO. In July he took on a role at Cerberus and then moved to GMAC in August.

• After serving as acting CFO for two months, Peter White took over the permanent CFO position at Nascent Wine Co. on March 9. He brings more than 40 years of senior executive experience, including his most recent position as managing director for a consulting practice he co-founded in 2005 called Armillaire Advisors. He also was CFO and COO for Matrix-Systems and served as CEO and CFO for Global Spill Management.

• Dennis Reilly has moved through the ranks of Barrier Therapeutics’ finance team, landing its top position as chief financial officer, effective May 1. After joining the Princeton, N.J.-based pharmaceutical company in 2005 as vice president of finance, he was named principal accounting officer less than a year later. He will succeed Anne VanLent, who has served as executive vice president, treasurer, and CFO since 2002.

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• Angeion Corp. has named William Kullback to replace Dale H. Johnson, who retired last month as senior vice president and chief financial officer of the medical instrument supplier. Kullback has served as CFO for Flex Fund Financial Services, IntriCon Corp., MedSource Technologies, and Pemstar.

• Ana Stancic was named CFO of Aureon Laboratories. Her previous titles include: CFO at OMRIX Biopharmaceuticals, senior vice president of finance at ImClone Systems, controller at Savient Pharmaceuticals, chief accounting officer at Ogden Corp., and regional CFO at OmniCare Inc.

• MIPS Technologies has hired Maury Austin as its new finance chief. Austin. He has served executive roles at Apple Computer, General Electric, and Portal Software. He most recently served as CFO and senior vice president at Portal, where he played a role in its acquisition by Oracle Corp.

• Investment bank Rodman & Renshaw has named David Jay Horin as its finance chief, replacing CFO Thomas Pinou, who will work on acquisition integration and expense reduction initiatives. Horin comes from a position as managing director of accounting policy and financial reporting at Jefferies & Co. He also worked at KPMG for 10 years.

• Amit Muni will oversee the finances at WisdomTree Investments, bringing almost 20 years of experience in financial management, including public offerings, reporting, compliance, accounting, and investor relations. In his most recent position, Muni served as controller and chief accounting officer for International Securities Exchange Holdings, where he worked for five years.

• Evergreen Realty Group has hired Tracy Thompson as its CFO and chief operating officer. She will also hold the title vice president of Evergreen Real Property Management LLC. Her new duties include supervising daily operations of Evergreen’s 1301 exchanges, real estate investment trusts, acquisitions, and note and equity securities.

• Sam Paisley joins the management team of Spot Runner, an advertising agency in Los Angeles. In the past eight years, Paisley has held the roles of chief administrative officer, CFO, and chief operating officer at marketing company ValueClick. At Spot Runner, he will be responsible for company growth initiatives and oversee corporate development, finance, human resources, and facilities.

• Tuscan, Ariz.-based Global Solar Energy has announced that Stephen Alexander will serve as its first finance chief to lead the company’s global expansion. Alexander was most recently the director of investments for UniSource Energy Corp., the former parent company of GSE, which manufactures solar products.

• Ken Maples has resigned from his position as CFO of energy partnership Hiland Partners and Hiland Holdings to pursue other interests. Maples is also stepping down from his roles as vice president of finance, secretary, and director of both companies although he will assist with the transition through April 4. The company stated that his resignation is unrelated to management disputes or issues with the company’s finances. Current vice president of business development, Matthew Harrison, will serve as interim CFO.