CFOs on the Move: Week Ending June 20

Carter's Inc., Helix Energy Solutions, Flavors & Fragrances Inc., A.C. Moore, Chem Rx, Maguire Properties, Leap Wireless, Shire Limited, The Receiv...
Kate PlourdJune 19, 2008

• Michael Casey, finance chief for the children’s clothing retailer Carter’s Inc., will move up to CEO as of August 1. Casey has been with the company since 1993, joining as vice president of finance. He was named CFO in 1998. A search for his replacement has begun.

• Helix Energy Solutions announced that Anthony Tripodo will take over as CFO, replacing Wade Pursell, who is stepping down. Tripodo, on the energy company’s board since 2003, will take over the finance team on June 25. He most recently headed finance at Tesco Corporation.

• Douglas Wetmore said he will resign from his position as CFO of International Flavors & Fragrances. The company is reviewing both internal and external candidates to replace Wetmore, who will continue to serve through July 31.

How Startup CFO Grew Food Company 50% YoY

How Startup CFO Grew Food Company 50% YoY

This case study of JonnyPops’ success highlights the unusual financial and operational strategies that enabled rapid expansion into a crowded and highly competitive frozen treat market. 

• Marc Katz, the finance chief A.C. Moore Arts & Crafts Inc., will resign on June 27 to pursue a career in private equity. While the company searches for a permanent replacement, Michael Zawoysky, vice president of financial planning and analysis, will take over the CFO duties.

• Gary Jacobs has been appointed CFO for Chem Rx Corporation, bringing more than 30 years of accounting, finance and operating experience. His most recent post was CFO and chief operating officer for Karat Platinum LLC, a jewelry product supplier. At Long Beach, N.Y.-based Chem RX, he replaces Joseph Sinicropi, who resigned.

• A month after Maguire Properties Inc.’s founder and CEO Robert Maguire III was ousted and replaced, the real estate investment trust’s CFO, Martin Griffiths, has resigned along with two other senior executives. While the company seeks a replacement, Shant Koumriqian will oversee accounting and reporting matters.

• San Diego-based Leap Wireless International appointed Walter Berger executive vice president and CFO starting June 23. He had held the same titles for CBS Radio, where he also served in other senior management roles.

• Graham Hetherington has been appointed CFO and executive board director for the biopharmaceutical company Shire Limited, replacing Angus Russell, who was promoted to chief executive officer. Hetherington previously has headed up finance for Bacardi and Allied Domecq. The changes will be effective July 1.

• Longtime CFO Ed Milliman will oversee finance at The Receivables Exchange, an online marketplace for real-time trading of accounts receivables. Milliman has held the CFO position at companies such as Allconnect and Ticketmaster, and also served as a divisional CFO and vice president of capital markets at Advanta.

• American Railcar Industries CFO William Benac has resigned and will be replaced by vice president of finance Dale Davies. Before joining the company in 2005, Davies held various financial management roles in the chemical and pharmaceutical industries.

• At DuPont Fabros Technology, Mark Wetzel will succeed outgoing CFO and treasurer Steven Osgood in early July. Wetzel’s most recent position was as a divisional CFO for Vornado Realty Trust. He was also chief accounting officer at Equity Residential for 12 years.