CFOs on the Move: Week Ending November 14

Starbucks, Bearing Point, RedBrick, KPMG International, Las Vegas Sands, NetMore America, DPL, Fifth Bancorp, NexCen, WCI Communities, Victory Ener...
Gabor Taroczy and Kate PlourdNovember 13, 2008

• Pete Bocian quit as CFO of Starbucks to become chief administrative officer for Hewlett-Packard. Bocian’s replacement is Troy Alstead, who had been the company’s senior vice president of global finance. Alstead has been at Starbucks for 16 years.

• Eddie Munson took over as CFO of BearingPoint in June, when Eileen Kamerick resigned after only three weeks on the job. Five months later, Munson is out, too, though he’s still on the firm’s board. The company’s 10th CFO in its nine-year history is Kenneth Hiltz, a managing director at AlixPartners, a financial-advisory firm that BearingPoint retained in October.

• RedBrick Health has hired former GE executive John Uribe as CFO. Uribe’s most recently was vice president of business development at General Electric Commercial Finance. Before that he held various positions at General Mills. His past experience also includes a stint as a divisional CFO of the soy milk joint venture between General Mills and DuPont called 8th Continent.

• KPMG has promoted a 23-year veteran of the firm to the title “global CFO.” Helen Spice began working for KPMG in 1985 in its U.K. office, and most recently she held a strategy development and implmentation role. For her new job she’ll relocate to Toronto from London.

• Kenneth Kay will serve as the CFO for Las Vegas Sands Corp. starting December 1. He had been heading finance at CB Richard Ellis Group, the commercial real estate firm. Before that he worked at Dole Food Company and Universal Studios.

• Mortgage banker NetMore America has hired Edwin Fuchs as CFO. For the past seven years he’s been finance chief at Central Pacific Mortgage.

• Electric energy company DPL Inc. has promoted Frederick Boyle senior vice president, CFO, and treasurer. He had been vice president of finance, chief accounting officer, and controller. In his he his new roles he will replace John Gillen, who will step down on November 30.

• Ross Kari will serve as the CFO for Fifth Bancorp, the Cincinnati-based diversified financial services company. Kari, most recently head of finance for Safeco, got his start at Wells Fargo in 1983. There he worked his way up to CFO, a post he held from 1998 to 2001.

• NexCen Brands has promoted Mark Stanko to corporate CFO from his role as finance leader for the company’s subsidiary NexCen Franchise Management. Stanko came to the company, which franchises and licenses The Athlete’s Food, Pretzel Time, and other retail and quick service restaurants, in April 2008.

• Starting December 1, Russell Devendorf will be senior vice president and CFO of WCI Communities. Devendorg will joing the homebuilding and real estate services company from Meritage Homes Corporation, where he was vice president of finance since May.

• Victory Energy Corporation has appointed Robert Miranda CFO. Miranda spent five years in KPMG’s audit practice, was a national director for Deloitte & Touche for five years, founded his own CPA firm, and spent five years at Jefferson Wells.

• Friends Provident named Evelyn Bourke as CFO. She joins new CEO Trevor Matthews, with whom she worked at Standard Life when he was head of U.K. retail and she was controller. Bourke takes over from Charles Bellringer, interim finance chief since the departure of Jim Smart in July.

• Basel-based specialty chemicals company Ciba, in the process of being taken over by BASF, announced the resignation of its CFO Jürg Fedier. His post will be abolished after the acquisition is complete.

• Ilkka Salonen has been tapped as the new CFO of Neste Oil. Salonen previously served as finance chief for a number of Finnish firms, including Comptel, Pohjola, and OKO. At Neste, he replaces Petri Pentti, who left the company in September to join the Emirates National Oil Company in Dubai.

• Finance director Gary Cowdrill is leaving West Bromwich Building Society, after 17 years with the mutually owned bank. He is taking early retirement.

• SSAB has made permanent the appointment of Marco Wirén, who was acting CFO at the Swedish steel group since August.

• The CFO of HSH Nordbank, Dirk Jens Nonnenmacher, has taken over as CEO following the resignation of Hans Berger after heavy losses at the German state-owned bank.