CFOs on the Move: Week Ending August 12

Lear, Gordon Brothers Group, Lannett, Medidata Solutions, Omega Protein, Ballantyne Strong, IHS, Oasis Petroleum.
Joan UrdangAugust 12, 2011

Lear Corp. has promoted CFO Matt Simoncini to the posts of president and CEO, effective September 1. He will replace Bob Rossiter, who will stay on as an adviser until May 2012.


Robert Paglia has been promoted from finance chief and chief administrative officer to chief operating officer at Gordon Brothers Group, an investment, advisory, and restructuring firm. A search is under way for a CFO to succeed Paglia, who has been at the company since 2008.


Lannett Co. has named Martin Galvan to the top finance spot. He takes over at the generic pharmaceutical products manufacturer from Keith Ruck, who resigned. Galvan formerly held the top finance spot at CardioNet Inc., VIASYS Healthcare Inc., and Rodel Inc.


Bruce Dalziel plans to resign as head of finance at software-as-a-service provider Medidata Solutions during the fourth quarter, but will continue at the firm through the first half of 2012 to aid in the transition. Dalziel will remain CFO until corporate controller and chef accounting officer Cory Douglas’s appointment to the post becomes effective, expected to be on or before November 1.


CFO Bret Scholtes will become president and CEO of nutritional-ingredient firm Omega Protein Corp. on January 1. He will replace Joseph von Rosenberg III, who is retiring from those roles on December 31, but will stay with Omega as executive chairman of the board. Andrew Johannesen, currently treasurer, will replace Scholtes as CFO.


Cinema-product provider Ballantyne Strong Inc. has named Mary Carstens to lead the finance function. She takes over from Kevin Herrmann, who will become treasurer and corporate secretary. Carstens joins the firm from Belden Inc., where she most recently served as CFO, vice president finance for the Asia Pacific division.


Finance chief Michael Sullivan will leave IHS Inc. on November 30 for personal reasons. He will be succeeded by Richard Walker, currently chief strategy officer.


Michael Lou has been promoted to the top finance spot at Oasis Petroleum Inc. Lou, who has been at the company since 2009, had been senior vice president finance.