CFOs on the Move: Week ending October 31

Procter & Gamble, American Specialty Health, Perma-Fix Environmental Services, WidgetBucks, Juniper Systems, Horizon Financial Corp, Petroleum Deve...
Kate PlourdOctober 30, 2008

• Ten-year veteran CFO Clayton C. of Procter & Gamble Co., will retire from his role at P&G on Jan. 1. Daley, a 34-year veteran at P&G who will be succeeded as CFO by current vice president and treasurer Jon R. Moeller, won’t retire completely from the company. That final step will come next September.

• American Specialty Health named William M. Comer, Jr. as its CFO and executive vice president. Before his appointment Comer served as vice president and audit and corporate compliance officer for Valeant Pharmaceuticals International. He was also CFO of Valeant’s publicly held research and development subsidiary.

• Steve Baughman, the CFO of Perma-Fix Environmental Services has resigned effective October 31. Baughman, who is leaving to pursue other business opportunities, will be temporarily replaced by the company’s vice president, controller and treasurer Ben Naccarato.

• The advertising widget company WidgetBucks has hired Jeff Bergstrom to serve as its CFO. Bergstrom comes to the Seattle, Washington-based company with a resume filled with experience at technology and Internet start up companies. His most recent position was as CFO of The PowerTech Group.

• Juniper Systems has announced that Robert Worthington will serve as CFO of the display wall processor company. Worthington’s most recent position was CEO of, a private company. He was also CFO and interim CEO of NanoMuscle Inc., which designs and manufacturers advanced motion technologies for consumer devices.

• Greg B. Spear has been selected to serve as CFO of Horizon Financial Corp, succeeding Rich Jacombson who has been serving as interim CFO since he was promoted to CEO at the beginning of 2008. Spear served as CFO and vice chairman for Columbia Bancorp and Columbia River Bank for the past eight years. He also had another stint as a bank CFO at Linn-Benton Bank of Albany, Oregon, where he served for four years.

• On November 11 Gysle R. Shellum will join Petroleum Development Corporation as its CFO. Before his appointment, Shellum worked at CrossTex Energy as vice president of finance and special projects. He also served as director of venture capital, CFO and COO at Financial Trade Solutions.

• NuVox has named telecom veteran David Solomon as its CFO in addition to his role as chairman of the company’s board of directors. Before he was chairman at NuVox, Solomon served as CFO of Brooks Fiber. He started his career at KPMG.

• Tucson, Arizona-based CDEX Inc., has hired Stephen A. McCommon as its CFO. McCommon, who will start his role November 11, was most recently in a senior financial management role at Applied Energetics, Inc. He replaces August DeLuca, who will remain with the company as a consultant.

• BB&T’s CFO Chris Henson was promoted to chief operating officer of the Winston-Salem, N.C.-based company. Henson’s assistant CFO Daryl Bible will take over the CFO role full time on January 1.

• The global consulting firm Navigant Consulting has named Thomas Nardi, the former CFO of Peoples Energy, as its chief financial officer and executive vice president. Nardi was with Peoples for six years. Before that he worked for NICOR for 19 years in positions such as controller and treasurer.