CFOs on the Move: Week Ending May 7

Caterpillar, Response Genetics, GlobalEnglish, Sonus Networks, Asset Acceptance Capital, Kofax, Cempra Pharmaceuticals, Safety National, Silicon Im...
Joan UrdangMay 7, 2010

As part of a corporate restructuring, group president Ed Rapp will add the role of finance chief to his position at Caterpillar Inc. He replaces Dave Burritt, who will retire on June 1 after more than 32 years at Caterpillar.

David O’Toole has been appointed to head finance at Response Genetics Inc., a developer of molecular tests to diagnose cancer. Previously, he was CFO of Abraxis Biosciences Inc.

GlobalEnglish Corp., a provider of online learning for business communication in English, has named Roger Piskulick to the top finance spot. He joins the company from The Active Network, where he was vice president of finance operations.

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. 

Sonus Networks Inc. has promoted Wayne Pastore to lead the finance function. Pastore has been at the IP-networking company since 2008 and has been interim CFO since February.

Reid Simpson is the new CFO of Asset Acceptance Capital Corp., which collects and purchases charged-off consumer debt. He replaces Mark Redman, who announced in January that he would resign, and whose resignation becomes effective on May 17. Most recently, Simpson was CFO of Aircell LLC.

Kofax plc has named James Arnold, Jr., to head finance. He succeeds Stefan Gaiser, who will remain an employee of the company through the end of the year. Arnold is a former CFO of Nuance Communications Inc.

Mark Hahn has been appointed to the top finance spot at Cempra Pharmaceuticals Inc. Previously, he was CFO at Athenix Corp.

Senior vice president John Csik has been promoted to CFO and treasurer at insurance provider Safety National. Csik, who has been at the company since 1986, replaces Duane Hercules, who will remain in his role as chief operating officer.

Silicon Image Inc., a provider of intellectual-property and semiconductor products for high-definition content, has promoted chief accounting officer and vice president of finance Noland Granberry to CFO. Granberry, who has been at the company since 2006, previously was director of Sarbanes-Oxley compliance at Xilinx Inc.

Richard Pehlke has left his position as finance chief at investment and real estate services firm Grubb & Ellis Co., but will be available as a consultant through the end of the year. Chief accounting officer Matthew Engel will take on the role of interim CFO until a replacement for Pehlke is found.