CFOs on the Move: Week Ending May 29

CIGNA, Zale, Cooper Tire & Rubber, Strategic Diagnostics, PPG Industries, GT Solar International, Mylan, Comverse Technology.
Joan UrdangMay 28, 2009

Health-service company CIGNA Corp. has promoted Annmarie Hagan to executive vice president and CFO. She succeeds Michael Bell, who is resigning after 25 years with the company. Hagan, who became chief accounting officer at CIGNA in 2001, added the title of controller last year.

Matthew Appel is the new executive vice president and finance head at jewelry retailer Zale Corp. His appointment as CFO will become effective on June 15, after the company files its 10-Q. Appel comes to Zale from ExlService Holdings Inc., where he had been finance chief since 2007.

Cooper Tire & Rubber Co. announced the retirement of CFO PhilWeaver, effective at year-end. Weaver joined the company in 1990 from Ernst & Young, and was named to the top finance job in 1999.

Strategic Diagnostics Inc., a provider of antibody technology, has named Kevin Bratton vice president of finance and CFO. Previously, he was senior vice president business operations at EUSA Pharma Inc.

William Hernandez, senior vice president, finance, and CFO at PPG Industries, will retire by the end of the year. Hernandez joined the company in 1990, and was elected to his current role in 1995. He formerly headed finance at BorgWarner Automotive.

Robert Woodbury, who led the finance function at GT Solar International Inc. since January 2008, has resigned, citing personal reasons. Finance vice president and controller Richard Johnson will take over until a permanent replacement is found.

Pharmaceutical company Mylan Inc. has hired Jolene Varney as its new CFO. Previously, she was senior vice president of corporate finance at Dr Pepper Snapple Group.

Stephen Swad joins Comverse Technology Inc. as executive vice president and CFO. He formerly headed finance at the Federal National Mortgage Association (Fannie Mae).