CFOs on the Move: Week Ending January 27

CSX, Target, Agencyport Software, SeaChange International, Mediware Information Systems, Overhill Farms, Boomerang Systems, Codexis
Joan UrdangJanuary 26, 2012

Transportation firm CSX Corp. has promoted Fredrik Eliasson to lead the finance function. He succeeds Oscar Munoz, who has been promoted to chief operating officer. Most recently, Eliasson was vice president of sales and marketing for the company’s fertilizer and chemicals division.

John Mulligan has been promoted to the top finance spot at retailer Target Corp., effective April 1. He will take over from Doug Scovanner, who had previously announced he would retire on March 31. Mulligan is currently senior vice president, finance.

Agencyport Software has appointed Richard Gilbody as its new finance chief. Previously, he was president of Cognos Americas, as well as senior vice president of finance and operations at Cognos Corp. Later, he was vice president of the business analytics division at IBM, after that company acquired Cognos.

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Michael Bornak has been named CFO, secretary, treasurer, and senior vice president of finance & administration at multiscreen-video company SeaChange International. He joins the firm from Tollgrade Communications Inc., where he had been CFO and treasurer since 2009.

Mediware Information Systems Inc. has promoted Robert Watkins to head of finance, effective February 15. He is now corporate controller.

Tracy Quinn has resigned from the top finance spot at frozen-food supplier Overhill Farms Inc., effective February 24. She will be succeeded by Robert Bruning, former CFO of Okami Inc.

Boomerang Systems Inc. has promoted Scott Shepherd to lead the finance function. He replaces Joseph Bellantoni, who will become a consultant to the designer and manufacturer of robotic parking systems. Shepherd joined the company last year as plant controller.

Industrial biotechnology firm Codexis Inc. has announced that CFO Robert Lawson is resigning, but will stay on through the company’s annual audit and year-end accounting close, as well as the filing of its annual report. A search is under way for his successor.

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