CFOs on the Move: Week Ending August 8

Jamba Juice, Aetna, Asyst, ActivIdentity, St. Mary Land & Exploration, Sucampo Pharmaceuticals, Implant Sciences, Vishay Intertechnology, Tennessee...
Kate PlourdAugust 7, 2008

• The two top executives at Jamba Inc., the company that makes Jamba Juice smoothies, have stepped down to pursue other opportunities. CEO Paul Clayton will be replaced by board chairman Steven Berrard, while current controller and principal accounting officer Karen Luey will take over as interim CFO, replacing Donald Breen.

• Rajan Parmeswar has been hired as controller and chief accounting officer for Aetna, the Hartford, Conn.-based health-care benefits company, effective August 18. Parmeswar replaces Ronald M. Olejniczak, who is retiring. Parmeswar’s most recent position was as a partner at PricewaterhouseCoopers LLP, where he served since 1998.

• Asyst Technologies has hired Richard H. Janney as CFO, replacing Michael A. Sicuro, who is leaving the company after 18 months to become finance chief of a large health care company. Janney served as Asyst’s interim CFO from September 2006 to January 2007. Janney also served as vice president of finance from 2007 to 2008. In his most recent role he consulted with Asyst.

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• The digital identity assurance company ActivIdentity Corporation has hired Jacques Kerrest as its finance chief and chief operating officer. Kerrest comes from Virgin Media Inc., where he most recently served as CFO. He was also CFO of Equant N.V., Harte-Hanks, Inc. and Chancellor Broadcasting Company.

• Crude oil and natural gas exploration company St. Mary Land & Exploration has named Wade Pursell as its CFO and executive vice president. Pursell comes from a four-year stint as CFO of Helix Energy Solutions. Before that he served as Helix’s vice president of finance and treasurer.

• Bethesda, Md.-based Sucampo Pharmaceuticals has promoted its chief accounting officer, Jan Smilek, to serve as acting CFO, replacing Mariam E. Morris, who resigned on August 1. Smilek joined the company as vice president of finance and corporate controller in February.

• Implant Sciences has announced that Glenn D. Bolduc will join the company to replace Diane J. Ryan as CFO. Ryan will remain with the company as vice president of administration. Bolduc’s experience in financial leadership spans both public and private companies in the technology and services industries.

• Vishay Intertechnology has promoted Lori Yahalomi from her current post as senior vice president of mergers and acquisitions to CFO, replacing Richard Grub, who is stepping down. The transition will take place September 1. The semiconductor company’s current senior vice president of operations and controller, Lori Lipcaman, will also move to serve as chief accounting officer.

• Tennessee Commerce Bancorp, the parent company of Tennessee Commerce Bank, has hired Frank Perez as CFO to replace its acting CFO, Lamar Cox. Cox will serve as the company’s chief administrative officer. Perez has served in senior accounting positions at a number of companies, most recently as vice president and CFO for Cumberland Bank & Trust.

• Boots & Coots International Well Control has named Cary Baetz as its CFO. Baetz was previously vice president of finance, treasurer, and assistant secretary for Chaparral Steel.

• Long Beach, Calif.-based Pacific Energy Resources has announced that Gerry Tywoniuk will serve as senior vice president of finance and CFO, starting August 15. The company’s current finance chief, Jerett Creed, will stay at the company in the newly created role of director of investor relations. Tywoniuk has been CFO of two public companies and vice president and corporate controller of a third.