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CFOs on the Move: Week Ending August 29

Fannie Mae, Oracle, Pioneer Drilling, Charlotte Russe, TectaAmerica, Earth Search Sciences, Gatehouse Media, Blue Dolphin Energy, VUDU, Prometheus ...
Kate PlourdAugust 28, 2008

Fannie Mae’s latest attempt to prepare for its uncertain future involves a major shakeup of its executive ranks — and especially the finance department, including replacing CFO Stephen Swad with current senior vice president and controller David Hisey.

Oracle on Wednesday named Jeffrey Epstein as executive vice president and CFO, and said that co-president Safra Catz will give up the finance chief role while remaining a president and a director. Epstein, 52, will report to Catz and have responsibility for finance, the controller’s office, finance operations, tax, treasury, real estate, investor relations, audit, and customer leasing, Oracle said in a regulatory filing. Epstein’s appointment as EVP is effective Sept. 8, with the CFO appointment effective on the first day after the 10-Q is filed for Oracle’s 2009 fiscal year.

Pioneer Drilling CFO Joyce Schuldt has resigned as chief financial officer, 13 months after joining the company. The announcement came just weeks after Pioneer filed its delayed March 31, 2008, quarterly report with the Securities and Exchange Commission. It was unclear, though, whether the late filing was related to Schuldt’s resignation.

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Less than a month after the retirement of Mark Hoffman, CEO of women’s clothing retailer Charlotte, CFO Patti Johnson has resigned. Johnson will be replaced by the San Diego-based company’s interim CEO, Len Mogil.

After spending only three weeks at her last job, Eileen Kamerick has signed on with commercial roofing company Tecta America as executive vice president and CFO. On May 13, Kamerick accepted the CFO position at consultancy BearingPoint, replacing Judy Ethell. But by June 2, Kamerick resigned “based on her discussions with the audit committee of the company’s board of directors,” according to a BearingPoint regulatory filing.

Earth Search Sciences has named Charles G. Bridge Jr. as its CFO. Most recently Bridge was managing director and CFO of Brooke Private Equity Advisors. He was also CFO of Boston Capital Ventures and Capital Resrouce Advisors/Wellesley Group Inc.

Mark Thompson, the CFO of newspaper company Gatehouse Media Inc., has resigned for personal reasons and to take a job closer to his family. The company’s vice president of investor relations, Mark Maring, will serve as interim CFO. He has been with the company since March 2008.

The oil and gas company Blue Dolphin Energy has appointed William Dale as its finance chief. Dale has spent 12 years in the energy industry, with his most recent position being assistant treasurer of Rosetta Resources Inc. He played a key role in Rosetta’s public offering in February 2006.

Digital technologies provider VUDU has named former eBay divisional CFO Will Play as its head of finance. He was previously CFO for eBay’s North American market places including eBay.com, StubHub, Shopping.com, and Rent.com.

Mark Spring has been named CFO and senior vice president of the specialty pharmaceutical company Prometheus Laboratories, moving over from Hyperion Therapeutics, where he held the same titles. Before that Spring was vice president of finance and controller at MedImmune, which was recently bought by AstraZeneca, and vice president of finance for Baxter International’s global renal division.

Office supply retailer Office Depot has named Mike Newman as its CFO. Newman replaces interim CFO Charles Brown, who will continue to serve as the Delray Beach, Fla.-based company’s president of international. Newman’s 30 years of finance experience include CFO positions at Radio Shack, Intimate Brands, Hussmann International, and, most recently, Platinum Research Organization.

Gerry Sherer will serve as CFO for the energy and environmental market infrastructure provider APX Inc. In his most recent position as executive vice president and CFO for Refco, Sherer managed the company’s public bond offering, took it public, and managed a major acquisition. Before serving at Refco he worked at Deutsche Bank in two separate divisional CFO roles.

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