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CFOs on the Move: Week Ending May 2

E-Trade, Kemet, McAfee, Domino's, Seagate, New Frontier, Fuel Tech, Helicos, Harvest Natural Resources, Calix, UBS, Vodafone, GEA, Svenska Spel, He...
Eila Rana and Kate PlourdMay 1, 2008

• New York-based financial solutions company E-Trade Financial Corp. said its CFO and general counsel will step down on or before May 9. CFO Robert Simmons will be replaced by controller Matthew Audette until a successor is found. The company did not explain the reason for the pair’s departures. They are the third and fourth executives to leave E-Trade in the past six months.

• David Gable has announced his resignation as executive vice president and CFO of Kemet Corp., where he has been for the past 10 years. In 2003, after a five-year stint as corporate controller, he was promoted to CFO. Gable leaves to pursue other interests and will stay with the company until a successor is found.

• McAfee has hired Albert Pimentel to replace former CFO Eric Brown, who left last month to oversee the finances at video-game publisher Electronic Arts. Pimentel has held multiple CFO positions at LSI Corp., Zone Labs, and most recently Glu Mobile. He officially takes over the top finance post at the security software company on May 15. Glu Mobile has named senior vice president of finance and assistant secretary Eric Ludwig as interim CFO.

• After an extensive national search, Domino’s Pizza has named Wendy A. Beck finance chief of the pizza delivery restaurant. Beck brings experience in both finance and the restaurant industry from her most recent position as senior vice president and treasurer of Whataburger Restaurants.

• After a 10-year career as CFO of disk-drive maker Seagate Technology, Charles Pope will step down from the CFO post to lead the company’s data-management services business. The change will go into effect August 25. Vice president of finance treasury Patrick O’Malley will succeed Pope, who has served the Scotts Valley, Calif.-based company for 24 years.

• New Frontier Media has appointed corporate controller Grant H. Williams to the top finance position. Before he joined the TV and movie company, Williams held various management positions at eFunds Corp.

• The current CFO of Fuel Tech Inc., Vincent Arnone, is resigning for personal reasons and will be replaced by John Graham. Graham, the former CFO of Hub International, will also hold the position of treasurer, starting June 1.

• Stephen P. Hall has been appointed senior vice president and CFO of Helicos BioSciences Corp. Most recently, Hall held the same positions at TriPath Imaging Inc., which was acquired by Becton Dickinson more than a year ago.

• Starting May 19, Stephen C. Haynes will be the vice president, CFO, and treasurer of global energy company Harvest Natural Resources. Haynes’ past roles include CFO of Cygnus Oil and Gas Corp, corporate controller with Carrizo Oil and Gas, and vice president of finance at Atlantic LNG.

• Telecom equipment company Calix has announced that Kelyn Brannon-Ahn will take over from retiring finance chief Michael Ashby, who leaves the company after five years. Brannon-Ahn was most recently CFO of Calypso Technology.

• David Sidwell, the former CFO of Morgan Stanley, has been appointed to the board of UBS, the Swiss bank. More than 657 million shareholder votes were cast for Sidwell, compared to 11 million against.

• Vodafone Czech Republic has appointed Muriel Anton, its vice president for finance, as its new CEO. Anton replaces Grahame Maher, who will establish Vodafone’s operations in Qatar. Patricia Haws, CFO of Vodafone Czech Republic, will become acting vice president for finance until Anton’s successor is found.

• U.K. house builder Barratt Developments has appointed Mark Rolfe as a non-executive director. Rolfe was finance director of Gallaher — the U.K. tobacco group — until April 2007, when it was acquired by Japan Tobacco.

• Axel Salzmann has been appointed CFO of ProSiebenSat.1, the German media company. Salzmann, former CFO and vice CEO of O2 Germany, replaces Lothar Lanz, who has decided not to renew his contract when it expires in June.

• Michael Moser, CFO of Belgian copper company Cumerio, has resigned after Norddeutsche Affinerie — the German copper company that acquired Cumerio in April — announced it was moving the Belgian group’s headquarters to Hamburg.

• GEA Group, the German engineering company, has appointed Helmut Schmale CFO, effective April 2009. Schmale, who is currently head of the group’s thermal engineering division, takes over from Hartmut Eberlein, “who wishes to focus more on his private life, a company statement said.

• Svenska Spel, Sweden’s state-owned gambling firm, has appointed CFO Anders Hägg acting CEO following the resignation of Jesper Kärrbrink.

• Nilörngruppen, the Swedish packaging group, has appointed Krister Magnusson as CFO. He joins from Sweden’s New Wave Group, which competes in a similar space, where he was also finance chief.

• Hans-Dieter Brenner, chief financial and risk officer of German state bank Helaba, has been appointed CEO, effective October 2008.

• Laurent Matras, former finance director of Axa Insurance U.K., has joined the U.K. business of Groupama, the French insurer, as managing director.

• The Rank Group, the U.K. bingo and casino operator, has appointed Paddy Gallagher as finance director. He replaces Peter Gill, who, after spending three years restructuring the group, said “the time is right to move on.” Gallagher, who takes up his post in June, is currently CFO of Quadriga Worldwide, the U.K.-based provider of digital-IP based entertainment and Internet services for hotels.