Human Capital: Page 110

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    Wireless Company’s CFO Takes a Leap

    Amin Khalifa has resigned as CFO of Leap Wireless International, which is in the middle of deciding how to deal with an unsolicited takeover proposal. The wireless communications company said Khalifa, its CFO for just over a year, has resigned to pursue other interests.He is leaving the San Diego...

    By Stephen Taub • Sept. 7, 2007
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    CFOs on the Move: Week Ending September 7

    • Nissan Motor Co. has hired Alain Dassas as its first CFO in four years. He is currently the president of the Renault Formula One Team and has worked at Renault SA for 24 years. Nissan’s previous CFO, Thierry Moulonguet, left in 2003 for the top finance post at Renault. Since then, chief execut...

    By Sarah Johnson • Sept. 6, 2007
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    Want to Boost Results? Try Hiring a CFO

    Nissan Motor Co. finally decided it could use a chief financial officer.The struggling Tokyo-based carmaker announced it had hired its first in four years: Alain Dassas, who during a 24-year career at Renault SA held numerous finance positions, and is currently president of the Renault Formula On...

    By Stephen Taub • Sept. 4, 2007
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    The European Commission’s Günter Verheugen

    60% of the world’s GDP, 40% of world trade and $3 billion a day in trade, services and investment — EU and US businesses have a good thing going, says Günter Verheugen, the avuncular vice president of the European Commission. But there is room for improvement. Verheugen believes a number of obsta...

    By Eila Rana • Sept. 1, 2007
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    A Rare Move

    Jon Symonds, the former CFO of AstraZeneca, a $26.5 billion (€18 billion) Anglo-Swedish pharmaceuticals group, starts as a London-based MD for Goldman Sachs later this month. The move from CFO to investment banker, while highly unusual, is not unheard of. Last year, Felix Weber, CFO of Adecco, a ...

    By Eila Rana • Sept. 1, 2007
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    IHOP’s Thomas Conforti: The Right Mix

    The Web version of this article has been expanded to include additional material that did not appear in the September print edition of CFO magazine.It was the end of a brutal week for IHOP International’s Thomas Conforti, and the CFO wanted to steal away to indulge in some comfort food before hea...

    By Marie Leone • Sept. 1, 2007
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    Vice Can Be Nice

    When Dick Cheney proclaims on Larry King Live that the nation’s Vice Presidency is a “weird duck” — for its combination of ceremonial and serious duties — what kind of bird does that make its corporate equivalent, the vice chairmanship? As it turns out, it’s becoming a more common species, and on...

    By Laura DeMars • Sept. 1, 2007
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    Simulating Wall Street

    Business and finance students are getting the Wall Street experience they’ve always wanted, but not on Wall Street. Several universities, including the Massachusetts Institute of Technology, Ohio State, and the University of Texas, have introduced high-tech labs that bring the tools of Wall Stree...

    By Kate Plourd • Sept. 1, 2007
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    Required Summer Reading: Did You Know…?

    Spent your vacation reading Harry Potter and the Deathly Hallows? Not to worry. Here at CFO.com, we kept a close eye on what your colleagues and peers read all summer long. So make sure you know what they know. We’ve narrowed down the list of the most popular stories this summer, and put them in ...

    By CFO Editorial Staff • Aug. 31, 2007
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    Overhill Farms CFO Goes over the Fence

    The CFO of a small private-label frozen-foods maker is leaving to become the CEO at another, undisclosed company outside the food industry.John L. Steinbrun has resigned as senior vice president, CFO, and COO of Overhill Farms Inc., effective September 6. He has also resigned from the board of di...

    By Stephen Taub • Aug. 31, 2007
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    Subprime Crisis Casts Shadow on Pensions

    The Financial Accounting Standards Board has embarked on a project that might plunk employers down squarely into such events as the subprime mess in an unexpected way: by requiring them to report in their balance-sheet footnotes how much of their pension assets are tied up in hedge funds, derivat...

    By David Katz • Aug. 31, 2007
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    CFOs on the Move: Week Ending August 31

    • Google CFO George Reyes announced he will retire from the Internet search engine as soon as a replacement is found. Reyes, who has been with Google since 2002, did not give a reason for his departure but expects to leave by the end of the year.• Gap CFO Byron Pollitt will leave the clothing ret...

    By Kate Plourd • Aug. 30, 2007
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    From Clothes to Credit Cards: Gap’s CFO Gets a New Job

    One month after Gap brought in a new chief executive officer, its finance chief announced he is leaving the retailer for the CFO job at Visa Inc.Byron Pollitt, who has been with Gap for more than four years, will leave the retailer on September 14. In 2005 and 2006, he was ranked one of the top t...

    By Kate Plourd • Aug. 30, 2007
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    Finance in History: Labor Days

    The building of Samuel Slater’s mill in Pawtucket, Rhode Island in 1793 marked a genuine paradigm shift: the transition of cloth-making from the home to the factory. A decade or so later, wealthy Bostonian Francis Cabot Lowell followed Slater’s example by surreptitiously copying English spinning ...

    By R.G. Voorhees • Aug. 30, 2007
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    Kraft Taps Ingersoll-Rand CFO to Replace Dollive

    Kraft Foods Inc. announced that CFO James Dollive will retire after 29 years with the company, and named Ingersoll-Rand Co. senior vice president and CFO Timothy McLevish to succeed him effective October 1.McLevish has held his post at Ingersoll-Rand, with headquarters in Hamilton, Bermuda, since...

    By Stephen Taub • Aug. 29, 2007
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    Save Reading This until Saturday, OK?

    Here’s a survey to ponder over the Labor Day weekend — that is, if you’ll just take a minute to log off on the computer and ditch your PDA.Research by Robert Half International shows that finance managers are not only working far longer hours these days, but that 39 percent are taking along their...

    By Roy Harris • Aug. 29, 2007
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    Google CFO to Retire

    Google Inc.’s chief financial officer and senior vice president George Reyes has announced he will retire at the end of the year. Reyes, who joined the internet search engine’s finance team in 2002, said he will stay with the company during its search for a new CFO and aid with the transition. In...

    By Kate Plourd • Aug. 28, 2007
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    CFOs on the Move: Week Ending August 24

    • Pfizer has replaced CFO Alan Levin with the former CFO of Alcatel-Lucent, Frank D’Amelio. Levin resigned from the pharmaceutical company three months ago but has stayed with the company until his replacement was named. D’Amelio, who is currently chief administrative officer at Alcatel-Lucent, ...

    By Kate Plourd • Aug. 23, 2007
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    Matchmaker, Matchmaker

    EXP. CFO SEEKS LG. CO. BD. POST, POS. AUDIT COM. ASSMT. I ENJOYTRAVEL, CONVERSATION, AND LONG WALKS ON THE BEACH.OK, scratch that last sentence, but the first part is no fantasy. Nasdaq has unveiled a new way for companies and finance executives to hook up over open board seats and possibly make ...

    By Lori Calabro • Aug. 23, 2007
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    Swad Now Holds Fannie’s CFO Job

    In the midst of unprecedented turmoil among mortgage-finance companies, Stephen M. Swad officially took over as financial chief at Fannie Mae. As previously announced, former CFO Robert Blakely, who led the financial cleanup at what had been the scandal-ridden government-sponsored giant, remains...

    By Roy Harris • Aug. 23, 2007
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    Pfizer Dials Alcatel-Lucent Exec for CFO

    Three months after Alan Levin abruptly resigned as Pfizer’s CFO, the pharmaceutical giant has named Alcatel-Lucent executive Frank D’Amelio its new finance chief. D’Amelio, whose current title is chief administrative officer, was CFO of Lucent Technologies for five years before it merged with Alc...

    By Sarah Johnson • Aug. 22, 2007
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    Delta Hires Outsider for CEO, Passes Over CFO

    Delta Air Lines has promoted its CFO to president, but passed over him in its choice for CEO. On Tuesday, the airline simultaneously gave CFO Edward Bastian the additional title of president and hired former Northwest Airlines chief executive Richard Anderson as CEO. Bastian and Delta’s chief ope...

    By Sarah Johnson • Aug. 21, 2007
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    CFO Closes in on Owens Corning’s Corner Office

    The fall will be a time of transition for executives at Owens Corning, whose CFO is poised to take over as chief executive by year’s end. The building-material maker’s announcement on Tuesday that it’s named a permanent finance chief puts Michael Thaman, the company’s current CFO as well as its c...

    By Sarah Johnson • Aug. 21, 2007
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    Out of the Sarbox: de Molina Named COO of GMAC

    Alvaro de Molina, who left Bank of America after just 18 months as CFO last December, will take over the newly created position of GMAC Financial Services’ chief operating officer.The new COO slot is de Molina’s first assignment since he resurfaced at Cerberus Capital Management in June and was n...

    By Sarah Johnson • Aug. 20, 2007
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    Who Knew? SEC Charges Ex-Brocade CFO

    On the heels of last week’s Justice Department conviction of Brocade Communications Systems’s former CEO Gregory Reyes, the Securities and Exchange Commission has charged the company’s onetime chief financial officer with helping to backdate millions of dollars worth of stock-option grants to lur...

    By Marie Leone and Tim Reason • Aug. 17, 2007