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CFOs on the Move: Week Ending October 3

ConocoPhilips, Rite Aid, BitTorrent, Miller Petroleum, Tessera Technologies, Advent Solar, GenCorp, CiRBA, QlikTech.
Kate Plourd and Gabor TaroczyOctober 2, 2008

• ConocoPhillips promoted John Carrig from executive vice president of finance CFO to president and chief operating officer. He will continue to report to CEO Jim Mulva. Replacing him at the finance helm will be Sig Cornelius, currently senior vice president of planning, strategy, and corporate affairs.

• Rite Aid named a new finance chief and brought a former CFO back as its president and COO in a shake-up of its executive suite. As president and chief operating officer, Rite Aid rehired John Standley, who from 1999 to 2005 was senior executive vice president, CFO, and chief accounting officer at the company. Rite Aid’s new CFO, and also CAO, is Frank Vitrano.

• BitTorrent announced that Mitchell Edwards will be its new CFO and general counsel. Edwards has served in those same roles at several companies, most recently Groxis Inc., and before that VFC Technologies, Inkano Communication, and Digital Courier Technologies.

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• Paul W. Boyd has been hired as CFO of Miller Petroleum, the oil and gas exploration and production company. Boyd comes from a seven-year stint as CFO of a Knoxville, Tennessee-based start-up company.

• Tessera Technologies announced that Michael Anthofer will serve as its CFO, effective immediately. Most recently Anthofer served as CFO and vice president of Kodiak Networks. He has held the position since 2003. He also served as CFO of Smartpipes Inc.

• The international logistics company Expeditors International of Washington hired Bradley Powell as its CFO. Powell comes to the Seattle-based company from Eden BioScience Corporation, where he was CFO.

• Dick Trueblood will serve as CFO of Advent Solar, where he will oversee financial management, taxation, and global business structuring. Trueblood was most recently a partner at Tatum LLC, and before that he was CFO of Troon Golf LLC.

• GenCorp Inc. CFO Yasmin Seyal and controller Leon Blackburn have resigned from the company to pursue other options. The technology company’s vice president of finance, Kathy Redd, has been named controller and acting CFO. She has been with the company since 2002.

• Cynthia Bliss has joined CiRBA Inc. as CFO. She is the former CFO of Executive Risk Group, before which she worked at Proponix, an independent insourcing company.

• The business intelligence software vendor QlikTech has appointed William Sorenson as its CFO. Sorenson’s resume includes stints as CFO of SavaJe Technologies and Firebrand.

• Ken Hanna will step down next April as CFO of Cadbury Schweppes, after five years of service. He will become non-executive chairman of Inchcape, an automobile retailer, where he has served as a non-executive director for the past six years.

• Emilio Foà will leave Benetton to “pursue a different career direction” in London. The CFO spent less than two years at the Italian conglomerate.

• Platinum miner Lonmin has appointed Ian Farmer, currently chief strategy officer, as its new CFO.

• Metro International, a Swedish newspaper group, has announced that Frank Mooty will step down as CFO, to be replaced by Andres Kronburg, currently chief of staff. Kronburg previously served as CFO of Danish broadcaster TV2.

• Tire group Continental ended speculation that CFO Alan Hippe will leave the group by reaffirming his status, in addition to appointing him head of the newly created rubber business unit.

• Irish exploration company Island Oil & Gas has appointed non-executive director Martin Carl Wilhelm Kindinger as CFO.

• Kent Sandin has been appointed CFO of Swedish confectionary company Cloetta. He joins from Midelfart Sonesson, a Swedish-Norwegian health and beauty company, where he was also CFO.

• Dennis Yau resigned as finance director of London-listed property developer Canton Property Investment. Chairman Keng Wong “has recently been absent from the company and uncontactable,” according to a company statement. Trading in the firm’s shares has been suspended.

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