CFOs on the Move: Week Ending August 28

AOL, Martin Marietta Materials, Mimosa Systems, i2Telecom International, GameStop, Xcel Energy, Blue Coat Systems, Eagle Materials, Sunrise Telecom.
Joan UrdangAugust 27, 2009

AOL LLC, a division of Time Warner Inc., has named Arthur Minson as its new CFO. Previously, he was deputy CFO of Time Warner Cable. In his new role, Minson succeeds Nisha Kumar, who left AOL earlier this summer.

Anne Lloyd, CFO and treasurer at construction aggregate and chemicals producer Martin Marietta Materials Inc., adds the role of executive vice president to her title. Lloyd joined the company in 1998 and has been CFO since 2005.

Michael Sheridan will head finance at archiving-solutions provider Mimosa Systems Inc. Most recently CFO at Playlist Inc., Sheridan is a former CFO of Facebook Inc.

How Startup CFO Grew Food Company 50% YoY

How Startup CFO Grew Food Company 50% YoY

This case study of JonnyPops’ success highlights the unusual financial and operational strategies that enabled rapid expansion into a crowded and highly competitive frozen treat market. 

i2Telecom International Inc. has named Richard Roberson to the top finance spot for the company and its subsidiaries. Previously, Roberson was CFO at Excel Telecommunications.

Catherine Smith has joined entertainment software and video-game retailer GameStop Corp. as CFO. She replaces David Carlson, founding CFO, who will retire on March 1, 2010. Smith is a former EVP and CFO of Centex Corp.

Xcel Energy has promoted executive vice president and CFO Benjamin Fowke III to the post of president and chief operating officer. He will be replaced as CFO by David Sparby, president and CEO of Northern States Power Co.-Minnesota, an Xcel Energy company.

Gordon Brooks will become CFO at application delivery networking provider Blue Coat Systems Inc. on September 1. Previously, he was vice president, corporate finance, at VMware.

Building material manufacturer and distributor Eagle Materials Inc. has promoted D. Craig Kesler to the position of executive vice president, finance and administration, and CFO. Kesler, who joined the firm in 2004, has been vice president, investor relations and corporate development, since 2005.

Rick Kent is leaving the top finance spot at Sunrise Telecom Inc., a move related to the firm’s decision to deregister as a public company with the Securities and Exchange Commission. Chief operating officer Lyron Bentovim will succeed Kent, adding the CFO title to his current position.