CFOs on the Move: Week Ending July 25

Lin TV, Watson Wyatt, EnerJex, Movie Gallery, eResearch, Larkin Street Youth Services, U4EA, TOA, Neah Power Systems, American Biosurgical, BATS, D...
Eila Rana and Kate PlourdJuly 24, 2008

• The television and online news company Lin TV Corp. announced that CFO Bart Catalane is leaving take the finance reings at, a marketing services company in New York. Catalane has been with Providence, R.I.-based Lin TV since late 2006. CEO Vincent Sadusky will take over the finance duties until a replacement is found.

• Roger Millay has been named CFO of the global consulting firm Watson Wyatt Worldwide, effective August 18. He replaces Carl Mautz, who announced his retirement last February. Millay had been senior vice president and CFO of Discovery Communications LLC. He was named “Senior Financial Officer of the Year” by Chemical Week when he was CFO of Airgas.

• The oil and natural gas company EnerJex Resources has promoted its director of finance and accounting, Dierdre Jones to CFO. Jones first was involved with the company as an independent consultant from May through August of 2007. She previously held management positions at UtiliCorp United Inc.

• Lucinda Baier has been hired as chief financial officer of the video retail chain Movie Gallery Inc., effective July 28. Existing CFO Thomas Johnson will leave the company after serving since June 2006. Baier comes from a stint as CFO of World Kitchen LLC.

• eResearch Technology Inc. has tapped Keith Schneck as its CFO starting July 28. He joins the company, which makes centralized ECG and e-clinical technolgoy, after 30 years experience in senior financial and executive management positions. Most recently he served as CFO of Neoware Inc., which was acquired by Hewlett-Packard in September 2007.

• Ray Fort will serve as CFO of Larkin Street Youth Services, a housing and supportive-services provider for homeless and at-risk youths in San Francisco. Before Fort joined the organization in October 2007 as controller, he was financial controller for New Zealand’s Ministry of Agriculture and Forestry.

• U4EA Technologies has appointed Curt Mason as its CFO, with responsibility for finance, information technology, human resources, and administration. Mason has served as CFO of Intransa Inc., Procket Networks, and Kagoor Networks.

• Web-based software provider TOA Technologies appointed Fred Binstock as its new CFO. Binstock has been in finance for 15 years, most recently as CFO of Franklin and Seidelmann LLC, a teleradiology company.

• Neah Power Systems has appointed Stephen Wilson as CFO to succeed the resigning David Barnes. Wilson served as controller of the company, which develops fuel cells for military, industrial, and consumer portable electronic devices, since April 2008. Before that he was corporate secretary. He previously served as CFO of Impart Media Group.

• David Brazeal has joined American Biosurgical, a custom medical cable company, as CFO. He has 25 years of experience in senior financial management, most recently as CFO of Dixie HomeCrafters.

• BATS Trading Inc. promoted its controller, Jessi Kingsbury, to CFO. Before she came to the market center, Kingsbury was controller at Tradebot Systems, where she also served as an equities trader. Before that she held various financial positions at Diversified Management Services Inc.

• Anthony Quinlan has been appointed finance director of the Drax Group, owner and operator of the U.K.’s Drax Power Station. Quinlan joins from U.K. retailer Marks & Spencer, where he was director of financial control. He replaces Gordon Boyd, who is leaving the company to “pursue other opportunities.”

• Vallourec, the French maker of steel tubes, has named Olivier Mallet as its new CFO. Mallet — who joins from French nuclear energy provider Areva, where he was senior executive vice president of mining, chemistry, and enrichment — will be taking over a newly enlarged finance function as well as responsibility for the legal department and external communication. Mallet replaces Bertrand Cantegrit, who is leaving to “pursue other interests.”

• Michel Demaré, CFO of Swiss-Swedish engineering group ABB, is to step down as acting CEO following the appointment of Joseph Hogan as permanent chief executive. Hogan joins from GE, where he was CEO of the healthcare division. Demaré will remain finance chief of ABB.

• U.K. insurance broker and risk adviser Aon Limited has appointed Mark Chessher as CFO. He joins from Zurich Financial Services, where he was finance chief of the North American large corporate customer division. Chessher replaces John Cullen, who was promoted earlier this year to global CFO of Aon Risk Services — part of Aon Corporation, which is also Aon Limited’s parent company.

• Eric Fady, former finance director for Marsh & McClennan in Europe, the Middle East and Africa, has been appointed group finance director of the U.K.’s Hyperion Insurance Group. Fady is credited with helping to turn around Marsh, the insurance firm, following investigations into its activities by Eliot Spitzer, the former New York attorney general.