CFOs on the Move: Week Ending March 7

Bristol-Myers Squibb, GM, KLA Tencor, LaPolla Industries, Edgar Online, FBR Capital Markets, UCBH, W.R. Grace, Integrated Parking Solutions, Citade...
Laura Cameron and Kate PlourdMarch 6, 2008

• Bristol-Myers Squibb’s finance chief Andrew Bonfield will leave the company “to seek new career opportunities.” He will be replaced by Jean-Marc Huet, the veteran finance director at Amsterdam-based Royal Numico N.V.

• In a major realignment, General Motors’ CFO Frederick Henderson was named president and chief operating officer of the U.S. carmaker. GM’s group vice president of finance, Ray Young, will now oversee the company’s finances. Henderson held the position since January 2006, when he took over for former Ford Motor Co. executive vice president and CFO John Devine.

• Jeffrey Hall, president and CFO for chip-testing equipment maker KLA-Tencor Corp. will resign at the end of March to pursue other opportunities and move back to his hometown in the Midwest. Current president and chief operating officer John Kispert will take on the duties of the finance chief.

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• LaPolla Industries Inc., which manufactures and distributes foam and coating products, has appointed Paul Smiertka as its finance chief and treasurer. Smiertka takes over from the Houston-based company’s executive vice president and chief governance officer, Michael T. Adams, who has served as acting CFO since February 19.

• Financial information provider Edgar Online has announced that John Ferrara will be its new CFO, starting March 15. Ferrara comes to the company from his role as interim CFO and consultant at investment management company GAMCO Investors Inc.

• Bradley Wright was appointed executive vice president and chief financial officer of FBR Capital Markets Corp. He was previously senior managing director at Bear Stearns and oversaw finance for its private client services.

• UCBH Holdings has brought back its former CFO Jonathan Downing after a three-year break from overseeing the finances at the San Francisco-based company. Downing most recently served as director of corporate development and investor relations at UCBH and will replace current CFO Dennis Wu, who took over from Downing in 2005. Wu is leaving to return to a consulting practice.

• W.R. Grace & Co. has tapped the former chief operating officer for the U.S. Department of Education as its new finance chief. Hudson La Force will replace Robert Tarola, who has served as the industrial supplier’s finance chief for nine years. La Force was responsible for finance, human capital, information technology, risk management, and other management duties at Education, where he worked since 2005. Prior to his government service, he was with Dell’s finance department for eight years.

• Robert Fleck has been appointed CFO of Integrated Parking Solutions, a wireless parking technology company in Arlington Heights, Ill. Fleck previously served as vice president, controller, and chief accounting officer of Allied Products Corp.

• Citadel Broadcasting has named Randy Taylor as its permanent CFO after appointing him acting CFO in January. Taylor, who previously was vice president of finance and principal accounting officer for the Las Vegas-based company, replaces former CFO Robert Freedline.

• U.K. insurer Aviva has appointed Siobhan Boylan as global CFO of Aviva Investors — the group’s new global asset management business. Aviva Investors unites subsidiaries from 15 countries under one brand, including Morley Fund Management — the group’s U.K. asset management business, where Boylan was previously CFO.

• British American Tobacco has announced that finance director Paul Rayner will retire on April 30. Ben Stevens, currently European regional director, will take over as FD when Rayner steps down.

• Russian steel maker SeverStal has appointed Sergei Kuznetsov to succeed Mikhail Noskov as CFO in May. Kuznetsov was previously CFO of SeverStal North America. Noskov will remain a member of the company’s board of directors.

• Gordon Boyd, the FD who helped turn around the U.K. coal-fired electricity generator Drax, has resigned from the company. Boyd says it is time for him to “seek fresh challenges.”

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