CFOs on the Move: Week Ending May 30

American Apparel, CDW, Sara Lee, Dollar Thrifty, Group 1 Automotive, Security Capital Assurance, Graco, Maidenform Brands, Blue Tulip, Clarient, NY...
Kate PlourdMay 29, 2008

• The CFO of clothing retailer American Apparel, Ken Cieply, resigned weeks after the company’s CEO referred to him as a “complete loser” in an interview with The Wall Street Journal. He left “to pursue other opportunities,” the company said. He had been finance chief since June 2006 and took the company through its initial public offering late last year.

• CDW Corp. announced that Ann Ziegler is its new senior vice president and CFO. She most recently was senior vice president of administration and CFO for Sara Lee Corp.’s Food and Beverage Group; she previously headed finance for Sara Lee’s Bakery Group. Ziegler started her career as an attorney with Skadden, Arps, Slate, Meagher & Flom.

• Scott Thompson was named CFO and senior executive vice president for Dollar Thrifty Automotive Group, starting May 23. Thompson arrived after a 10-year stint Group 1 Automotive, where his last post was executive vice president and CFO. At Dollar he’s responsible for treasury, accounting and finance, investor relations, tax, and audit.

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• Bond insurer Security Capital Assurance said Elizabeth Keys will take over as finance chief on June 1. Current CFO David Shea, who is leaving to pursue other opportunities, will remain as an adviser through June 15.

• The CFO of Graco Inc. has rethought his intention to retire by year-end, the company said. James Graner, 63, didn’t provide a new time frame for his departure.

• Maidenform Brands has hired Christopher Vieth as CFO and chief operating officer starting May 27. He moves over from Blue Tulip Corp., where he served served two years as CFO and chief administrative officer. He was also previously the CFO for Dow Jones and Company.

• The finance chief for Clarient Inc., Jim Agnello, has resigned after two years with the maker of anatomic pathology and molecular testing services. He will stay at the company until a successor is found.

• After a year-long search, NYSE Euronext Inc. has named Michael Geltzeiler as its CFO. From 2001 to 2007, he headed finance for the Readers Digest Association. He most recently served there as president of school and educational services.

• Bank of New York Mellon named Thomas (Todd) Gibbons CFO, succeeding vice chairman and finance chief Bruce Van Saun, who plans to leave the company after a transition period to pursue new opportunities. Gibbons is currently the company’s chief risk officer, the position he held at Bank of New York for nearly a decade before its merger with Mellon Financial early in 2007.