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CFOs on the Move: Week Ending Nov. 20

Walt Disney, Coldwater Creek, Harris Interactive, Rimini Street, Gencor Industries, Five Star Quality Care, Northstar Aerospace, Wright Medical Gro...
Joan UrdangNovember 20, 2009

Two executives at The Walt Disney Co. will be swapping jobs. CFO Thomas Staggs, a 20-year veteran of the company, will become chairman of Walt Disney Parks and Resorts. He is replacing 23-year company veteran James Rasulo, who will become head of finance.

Tim Martin has resigned from the top finance spot at women’s specialty retailer Coldwater Creek Inc., effective November 25. General counsel John Hayes III will step in as interim CFO until a permanent replacement for Martin is found. Hayes, who was the company’s outside securities law and corporate counsel since 1999, joined the firm in February of this year.

Eric Narowski, principal accounting officer and global controller of market-research firm Harris Interactive Inc., adds the title of interim CFO to his role. He takes over from Robert Cox, who has resigned as CFO and treasurer of the company.

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Rimini Street Inc., a provider of third-party maintenance and support for enterprise software, has named Pieter Van Der Vorst CFO. A former finance head at Sybase, Van Der Vorst most recently was general manager of that company’s Europe, Middle East, and Africa operations.

Heavy-machinery manufacturer Gencor Industries Inc. has named L. Ray Adams CFO and treasurer. He comes to the company from Oregon Steel Mills Inc., where he ran finance for 17 years.

Paul Hoagland will be the new finance chief and treasurer at Five Star Quality Care Inc., a senior-living and health-care-services company, effective January 1. Hoagland, who succeeds Francis Murphy, is a former CFO of Friendly’s Corp.

Northstar Aerospace Inc. has appointed Greg Schindler to the top finance spot. Previously, he was CFO of the aerospace group at Rexnord Industries LLC.

Orthopedic medical-device company Wright Medical Group Inc. has promoted Lance Berry to lead the finance function, effective December 11. Berry, who joined the company in 2002, had been serving as corporate controller. He takes over from John Bakewell, who is resigning from the company.

Ron Knutson is the new CFO at maintenance-hardware provider Lawson Products Inc. Formerly head of finance at Frozen Food Express Industries, Knutson succeeds F. Terrence Blanchard, who had been interim CFO at Lawson since 2008.

Microtune Inc., which designs and markets advanced radio frequency and demodulator electronics, has announced that Jeffrey Kupp has resigned as CFO to accept the same position at Genband Inc. Justin Chapman, vice president of accounting at Microtune, will become interim CFO until a permanent successor to Kupp is found.