CFOs on the Move: Week Ending January 14

Sallie Mae, Martha Stewart Living Omnimedia, J. C. Penney, AllianceBernstein, CIT Vendor Finance, Stage Stores, Axcelis Technologies, Revstone Indu...
Joan UrdangJanuary 14, 2011

SLM Corp. (Sallie Mae) has promoted John Remondi to the posts of president and chief operating officer. He has been vice chairman and CFO since 2008.

Kelli Turner is leaving her job as finance chief of Martha Stewart Living Omnimedia Inc. A search for her replacement is under way; in the meantime, controller Allison Jacques will be principal financial and accounting officer.

Retailer J. C. Penney Co. has promoted senior vice president of finance Michael Dastugue to the top finance spot. He takes over from Robert Cavanaugh, who will stay on as an adviser to the chairman and CEO until January 2012, when he is expected to retire.

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John Howard has resigned as head of finance at investment-management company AllianceBernstein, effective February 15, to return to his former position as chief operating officer at AQR Capital Management. Corporate controller Edward Farrell will add to his responsibilities as interim CFO.

CIT Vendor Finance has named Claus Friis to lead the finance function. Most recently, he was CFO of GE Capital Vendor & Dealer Finance.

Department-store retailer Stage Stores Inc. has appointed Oded Shein CFO. He replaces Edward Record, who was named chief operating officer last February but kept his finance responsibilities while the company searched for his successor. Previously, Shein was vice president finance at Belk Inc.

Axcelis Technologies Inc. has named Jay Zager to head finance. He takes over from Stephen Bassett, who is retiring in March and will be executive vice president, finance, until then. Most recently, Zager was CFO of 3Com Corp.

Janice Stipp is the new finance chief at transportation-industry component manufacturer Revstone Industries LLC. She is a former CFO of Acument Global Technologies and of GDX Automotive.

Neogen Corp. has appointed Steven Quinlan to the top finance spot. He succeeds Richard Current, who is retiring but will stay on at the firm in another position until the end of its fiscal year on May 31. Quinlan comes to the company, which markets and develops products related to food and animal safety, from Detrex Corp., where he was CFO, vice president of finance, and treasurer.

Ron Shelton has resigned as head of finance at GigOptix Inc., effective February 1. Jeff Parsons, who joined the supplier of electronic and electro-optic components as corporate controller in January of last year, will become acting CFO until a permanent replacement for Shelton is found.