CFOs on the Move: Week Ending December 12

Chevron, iStar, Saba Software, Gilt Groupe, The Generations Network, Accuray, Analog Devices, Cox Radio, Hemispherx Biopharma, MidSouth Bancorp, Fe...
Kate PlourdDecember 11, 2008

• Oil giant Chevron has promoted treasurer Patricia Yarrington to CFO, starting January 1. Yarrington, who became treasurer last year, will replace Steve Crowe, who is retiring after a 36-year career with Chevron.

• Catherine Rice will retire from her position as CFO of commercial real estate finance company iStar Financial. James Burns, executive vice president and treasurer, will replace her. Rice, who has been on the company’s senior management team since 2002, is leaving to focus on family business interests, according to the company.

• People-management software provider Saba Software has appointed Bill Slater as CFO. Slater comes to the Redwood Shores, Calif.-based company from Symmetricom, where he served as executive vice president and CFO. He was also CFO of Computer Curriculum Corp., a division of Viacom.

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• Gilt Groupe, a luxury Web-based retailer, has named V. Ann Hailey as CFO. Hailey will start the job January 5. She has worked in finance and operational roles in the retail industry for 30 years. Her most recent employer was Limited Brands, where she served as executive vice president of corporate development from 2006 to 2007 and CFO from 1997 to 2006.

• Former Martha Stewart Living Omnimedia CFO Howard Hochhauser has accepted the CFO post at The Generations Network, the parent company of Hochhauser, who announced he would leave MSLO last week, will start his new role in early January. Generation Network’s current CFO David Rinn will lead the company’s newly created strategy and corporate development group.

• Accuray Inc. has named Derek Bertocci as chief financial officer of the medical radiation equipment maker, starting January 1. Bertocci, who was most recently CFO of BioForm Medical, replaces interim CFO Holly Grey.

• Semiconductor chip maker Analog Devices has appointed David Zinser as vice president of finance and CFO, starting January 12. The Norwood, Mass.-based company’s current CFO Joseph E. McDonough will retire from the position that he’s held since 1991. Zinser’s current role is CFO and senior vice president of Intersil Corp., a position he’s held since 2005.

• Pending board approval, Charles Odom will be appointed Cox Radio’s CFO. He replaces Neil Johnston, who has been promoted to CFO of Cox Media Group, a new organization being created in January. Odom will retain his role as Cox Radio’s principal accounting officer. He joined the company in 1996.

• Hemispherx Biopharma has announced that longtime CFO Robert Peterson will retire after 20 years. Peterson, who will remain with the company as a consultant and financial adviser, will be succeeded by Charles Bernhardt, who starts January 1. Most recently Bernhardt served as director of accounting for Thomson Reuters’ health-care division.

• J. Eutis Corrigan, CFO of MidSouth Bancorp and MidSouth Bank N.A. has resigned from the position he’s held since 2006 to return to public accounting as a director with Postlethwaite & Netterville. MidSouth’s controller Teri Stelly will take over as interim CFO of both organizations starting January 15.

• Bill Barker has been appointed senior vice president and CFO of Federal Signal Corp. Before joining Federal Signal, Barker served as CFO of the Suns-Times Media Group. He was also vice president of finance and strategy at Gatorade.

• Talbots Inc. has announced that CFO Ed Larsen is retiring and will be replaced by chief operating officer Michael Scarpa. Scarpa is new to Talbots after coming from the COO position at retailer Liz Claiborne. The transition will take place January 5; however, Larsen will stay on as a strategic adviser and assist his successor with the switch.

• The Alaska Air Group has elected CFO Brad Tilden as the airline company’s president. His new responsibilities include overseeing the company’s operating divisions and marketing, in addition to network planning and revenue management. Replacing him as CFO and executive vice president of finance is Glenn Johnson, the airline’s executive vice president of customer service.

• Lisa Locklear has been appointed senior vice president and CFO of Ingram Micro North America. Locklear joined the technology company in 2003 as vice president of finance for North America. Before that she held financial leadership roles at the Walt Disney Co., Avery Dennison, and Price Waterhouse.