CFOs on the Move: Week Ending July 18

Eton Park, HFE, Valence, Fidelity, MDC, GE Energy, Cincinnati Bell, BlueArc, Advanced Power Projects, Hugo Boss, Kingfisher, DSG International, Cre...
Eila Rana and Kate PlourdJuly 17, 2008

• Eric Feldstein, the former CEO of GMAC Financial Services, was named finance chief at the hedge fund group Eton Park Capital Management. Feldstein served a number of financial roles at General Motors before moving to GMAC in 2002, including vice president of finance and treasurer.

• Herschend Family Entertainment has promoted Andrew Wexler to CFO. He had been in HFE’s business development unit. Before he came to the theme park company, he was CFO of the Internet billing company Derivion and chief operating officer of the real estate development and finance firm Martin Capital. Wexler will work from HFE’s Altanta headquarters.

• After barely more than four months on the job,
Galen Fischer has resigned his post
as CFO of Valence Technology Inc., effective July 23. According to a company press release, he left to pursue the proverbial “other interests.” Fischer had joined Valence, which makes lithium-phosphate batteries used in computers, golf carts, and other devices, on March 3. He replaced Thomas Mezger, who resigned. Donald Gottschalk, the company’s controller, will serve as interim CFO.

• Fidelity National Information Services has appointed George Scanlon as CFO and James Woodall chief accounting officer. The two replace Jeff Carbiener and Francis Chan, respectively, who took positions at Lending Processing Services. Scanlon comes from BFC Financial Corporation, where he oversaw financial reporting and planning, SEC compliance, investor relations, external audit, and tax preparation. Woodall was most recently vice president of finance for the healthcare information technology company Eclipsys.

• Christopher Anderson was named senior vice president of the homebuilder MDC Holdings, and upon board approval will replace retiring CFO Paris Reece III. Most recently Anderson was senior vice president of finance at Burger King. He will take over for Reece on August 1.

• General Electric promoted its vice president of corporate investor communications, Dan Janki, to CFO of GE Energy, effective July 14. Janki succeeded retiring CFO Tom Saddlemire, who served 38 years at GE. Trevor Schauenberg will take over Janki’s previous position.

• Greg Stockett will oversee finance for BondDesk Group LLC, the odd-lot, fixed-income electronic trading platform. Stockett takes over from Skip Smith. Stockett has served in senior financial roles for 12 years, at emerging and mid-cap financial technology companies. Companies for which he was CFO include GoldenSource, Barra, and Globeop Financial Services.

• Telephone company Cincinnati Bell Inc. has hired Gary Wojtaszek as CFO. He succeeds Brian Ross, who switched to the chief operating officer post. Ross had headed finance since 2004 and has been with the company since 1995. Wojtaszek was previously chief accounting officer for Laureate Education Corp.

• The high-performance network storage company BlueArc Corp. has appointed Rick Martig as its CFO, effective immediately. Martig most recently worked at Genesis Microchip as CFO and senior vice president of finance. He replaces Mike Hasley, who will remain with the company during the transition.

• With 25 years of accounting and finance experience in the power industry, Charles Clark Jr. will serve as CFO for Advanced Power Projects, Inc. Clark had been senior vice president and chief accounting officer for Calpine Corporation, the largest power producer in the United States.

• Joachim Reinhardt, CFO of German fashion house Hugo Boss, has quit over differences of opinion regarding implementation of the company’s growth strategy, according to a group statement.

• Kevin O’Byrne will join Kingfisher, the U.K.-based home improvement retailer, in October as group finance director. He will replace Duncan Tatton-Brown, who is leaving Kingfisher. O’Byrne joins from DSG International, a UK-based electrical goods retailer, where he was also group FD. DSG International has said it will replace O’Byrne with Nicholas Cadbury, who is currently finance director of the group’s International Electricals division.

• Erin Callan, the demoted CFO of Lehman Brothers, has jumped ship to join Credit Suisse as head of its global hedge fund business. The Switzerland-based bank said Callan would be based in New York. In June, Lehman Brothers demoted Callan to an unspecified investment bank position after the U.S. group was forced to warn the markets of a quarterly loss — its first since going public in 1994.

• Audun Røneid, CFO of Canadian shipbuilder Davie Yards, is to become finance chief of Norske Skog, a Norwegian paper manufacturer.

• Swiss technology company Oerlikon said CFO Jörg Eichkorn is leaving the company to pursue other opportunities. Eichkorn will continue as acting CFO until the end of August, by which time the group hopes to have appointed a successor.

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