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CFOs on the Move: Week Ending September 19

Qwest, Abercrombie, GNC, ADDvantage, United Fuel & Energy, Virgin Mobile, Vision-Sciences, Pinkberry, Chesapeake, AMSEC, Stantec, Tate & Lyle, Stan...
Kate Plourd and Gabor TaroczySeptember 18, 2008

Denver-based telecom company Qwest Communications hired the former finance chief of XM Satellite Radio to as its CFO.The appointment of Joseph Euteneuer, 53, is the latest move in Qwest’s executive reshuffling, engineered by CEO Ed Mueller, who took the reins in August 2007. Euteneuer replaces John Richardson, who last April was part of a “mutual decision” that it was time for a new CFO. Richardson had come to the company as controller in 2003 and was promoted to the top finance job in 2007.

Two months after Abercrombie & Fitch Co. CFO Michael Kramer resigned to become CEO of Kellwood Co., the retailer’s vice president of finance has departed as well. Michael Nuzzo, who has had a nine-year tenure at the company, will leave September 25 to become CFO at General Nutrition Centers, a global retailer of nutrition supplements.

Timothy Wicks on Oct. 13 will become executive vice president and CFO of YRC Worldwide. He most recently was senior vice president of strategic growth initiatives at UnitedHealthcare. Wicks replaces interim CFO Paul Liljegren, who took over in January when then-CFO Stephen Bruffett quit to join another company. Liljegren will continue in his positions as vice president, controller, and chief accounting officer.

ADDvantage Technologies has promoted finance chief Daniel O’Keefe to chief operating officer. In his place it has hired Vanguard Car Rental controller Scott Francis to be CFO and chief accounting. Francis had been Vanguard’s controller since 2004. Before that he was a manager of financial reporting at WilTel Communications.

Gasoline, diesel, and propane distributer United Fuel & Energy has appointed William Bousema as CFO, replacing Lyndon James, who had been in an interim role. Bousema has headed finance at several high-growth public and private companies. Most recently he was a consultant with The Scotland Group. He also was CFO of Primal Solutions, Starwire Corporations, and CompGeek Inc.

John Feehan, CFO of Virgin Mobile, has resigned take the same title at the identity theft protection provider LifeLock. He will remain at Virgin Mobile until mid-November, after third-quarter earnings are sewn up.

Katherine Wolf will serve as CFO and executive vice president of corporate development for the medical device maker Vision-Sciences Inc. Most recently Wolf was managing director at HSBC’s investment banking division. She was also a managing director at Bear Stearns, SG Gowen, and Furman Selz’s health care groups.

Pinkberry, which makes and sells a frozen treat that’s the combinationof frozen yogurt and gelato, has named Michael Dixon, former CFO at The Cheesecake Factory, as its new finance chief. Before his eight-year tenure at Cheesecake, Dixon held positions at The Walt Disney Company and Coopers & Lybrand.

Chesapeake Utilities’ CFO Michael McMasters has been promoted to chief operating officer and executive vice president. McMasters had headed finance since 1997. His replacement is Beth Cooper, previously the company’s treasurer and corporate secretary.

Billy Jahn will serve as business manager and CFO for the Northrop Grumman subsidiary Amsec LLC, a provider of engineering, logistics, and technical support services in the company’s shipbuilding sector. Jahn has been with the company since 2002, serving as a controller and in financial planning, capital budgeting, management of finance and accounting, and governmental accounting functions.

Professional consulting services company Stantec announced that CFO Don Wilson will retire from his position at year-end. He’ll be replaced by vice president of finance and treasury Dan Lefaivre, who jointed Stantec in 1990 as an accounting manager. He later was corporate controller.

Tate & Lyle announced that its finance director, John Nicholas, will step down on September 30. Tim Lodge, head of investor relations, will become acting finance director.

GE has appointed Gregory Cameron as CFO at GE Capital Solutions; he previously held the same role at GE Corporate Financial Services and GE Healthcare Financial Services.

Warner Music Group announced the promotion of Stephen Macri to CFO from global controller; he replaces Michael Fleischer, who has become vice chairman of strategy and operations.

Herbert Moos, the former CFO of Lehman Brother’s Asia-Pacific operations (excluding Japan), has been named the new CEO of Russian bank VTB’s European operations.

Erwin Faust has been appointed as the new CFO of Norddeutsche Affinerie AG after a stint as the CFO of Novelis Europe.

The European Energy Exchange’s supervisory board has appointed Iris Weidinger as its new CFO.

Inside Contactless, a leader in advanced contactless microprocessor platforms, has brought in Richard Vacher Deourniere as its new CFO. He brings a wealth of expertise in technology companies from his venture capital and private equity experience.

Barry Ben-Zeev, CFO of Bank Hapoalim, will retire when his contract expires on December 31.