CFOs on the Move: Week Ending March 18

State Street, Mars, SunEdison, ARIAD, Darden Restaurants, Brock Group, Selective Insurance, MB Financial, Natural Sunshine Products, Focus Brands
Joan UrdangMarch 18, 2016
CFOs on the Move: Week Ending March 18

State Street Corp. said that finance chief Michael Bell plans to leave his post within the next year. The firm plans a search for a replacement for Bell, who has led the finance function for almost three years.

Manmeet Soni

Manmeet Soni

Mars Inc. has promoted Claus Aagaard to head finance. He succeeds Reuben Gamoran, who is leaving the company. Aagaard had been CFO at Mars Petcare.

Manmeet Soni has been chosen as the next CFO and treasurer at ARIAD Pharmaceuticals, succeeding Edward Fitzgerald. He formerly ran finance at Pharmacyclics.

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. 

Darden Restaurants has promoted Ricardo Cardenas to head finance, taking over for Jeffrey Davis. Cardenas had been chief strategy officer.

Ilan Daskal has been named CFO designee at SunEdison, and will take over the top finance spot from Brian Wuebbels by April 4. Daskal is currently interim finance chief at Aricent.

Industrial specialty-services provider The Brock Group has appointed Jon Grant to lead the finance function. Previously, he was senior vice president of global business services at AECOM.

Dale Thatcher plans to retire as CFO and treasurer of Selective Insurance Group, effective Sept. 1. The company has begun a search to replace Thatcher, who has held the top finance spot since he joined the firm in 2000.

MB Financial Bank and its holding company, MB Financial, have named Randy Conte to serve as finance chief of both. He succeeds Jill York, who will become an executive vice president. Conte, who also will remain in his current post as chief operating officer of the bank, will start his new role on April 30.

Natural health and wellness firm Natural Sunshine Products has announced that CFO and treasurer Steve Bunker will retire at the end of fiscal-year 2016. A search is under way to find a replacement for Bunker, who has held those titles since starting at the company in 2006.

Restaurant franchisor Focus Brands has chosen Michael Dixon to lead the finance function. He joins the company from Ignite Restaurant Group, where he was president and CFO.