CFOs on the Move: Week Ending October 14

Bertelsmann, Clorox, CBS News, Ikaria, Zale, Ralcorp Holdings, Augme Technologies, The Navigators Group, Accuride, Rex Energy.
Joan UrdangOctober 14, 2011

Media company Bertelsmann AG has promoted CFO Thomas Rabe to the posts of chairman and CEO, effective January 1. He will replace Hartmut Ostrowski, who is resigning from the executive board and will move to the supervisory board.

Daniel Heinrich is retiring as finance chief of The Clorox Co., effective November 16. Heinrich, who has been at the company since 2001 and was named to head finance in 2003, will be succeeded by vice president – finance Stephen Robb.

Thomas Shilen Jr. has been appointed chief financial and administrative officer of CBS News. He has been controller and chief accounting officer of CBS Corp. since he started at the company in March 2010. Before that, he was corporate controller at Sara Lee Corp.

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. 

Ikaria Inc. has named Tasos Konidaris to lead the finance function. He replaces Craig Tooman, who left the critical-care firm earlier this year. Konidaris joins Ikaria from Dun & Bradstreet Corp., where he had been CFO since 2007.

Jewelry retailer Zale Corp. has appointed Thomas Haubenstricker to the top finance spot. Most recently, he was a managing director of Turnberry Advisors.

Ralcorp Holdings Inc. has named Robert Vitale to become finance chief of cereal company Post Holdings after that company is spun off. His appointment becomes effective November 1. Vitale is currently president and CEO of AHM Financial Group, titles he has held since 2006.

Ed Jordan has resigned as head of the finance function at Augme Technologies Inc. He will be replaced by Tom Virgin, CFO of Hipcricket, which Augme recently acquired.

Francis McDonnell will retire as head of finance at insurance holding company The Navigators Group, effective October 31. Senior vice president, finance, Ciro DeFalco will take over as interim CFO.

Accuride Corp., which supplies components to the commercial vehicle industry, has said that James Woodward Jr., CFO and senior vice president/finance, has resigned. Gregory Risch, chief accounting officer, will step in as interim CFO until a permanent replacement for Woodward is found.

CFO Thomas Stabley has been promoted to CEO of Rex Energy Corp. He will remain finance chief while the firm looks for his successor.