Human Capital & Careers

CFOs on the Move: Week Ending December 31

iStar Financial, Value Line, Groupon, Crocs, IDEX, Local.com, Sunstone Hotel Investors, MaxLinear.
Joan UrdangDecember 30, 2010

David DiStaso has been promoted to the top finance spot at iStar Financial Inc. He has been chief accounting officer since 2008 and principal financial officer since April. DiStaso is also a former CFO of the consumer finance division of CIT Group Inc.

Financial-research provider Value Line Inc. has named John McKay to lead the finance function. Previously, he was CFO of Mitsui Foods Inc.

Jason Child is the new head of finance at Groupon Inc. He joins the firm from Amazon.com, where he was vice president of finance for the company’s international business.

Finance chief Russell Hammer has resigned from shoe manufacturer Crocs Inc. A search is under way for his replacement.

IDEX Corp. has announced that Dominic Romeo will retire as CFO in February. Romeo, who has been at the company since 2004, will be replaced by Heath Mitts, now vice president-corporate finance.

Search site and network Local.com Corp. has promoted Ken Cragun to the top finance spot. Cragun has been interim CFO since October, and before that was vice president of finance.

CFO Kenneth Cruse will add to his responsibilities when he becomes president of real estate investment trust Sunstone Hotel Investors Inc. In this new role, he takes over from Arthur Buser Jr., who has resigned as president and CEO.

Semiconductor provider MaxLinear Inc. has named Adam Spice to lead the finance function. Most recently, he was CFO of Symwave Corp.; before that, he was vice president of finance and corporate development at Broadcom Corp.