Human Capital: Page

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    Cemex’s King of Cash

    Rodrigo Treviño, CFO of Cemex, the third biggest cement maker in the world, likes the sound of the phrase “free cash flow.”A former Citibank executive who once worked on the Cemex account, Treviño thinks the cement company’s copious free cash flow enables it to shift direction fast and take advan...

    By David Katz • Feb. 1, 2002
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    Call from Philip Morris: CFO Promoted to CEO

    — A little good news goes a long ways these days. Take embattled Philip Morris Cos. Inc., the tobacco and alcohol giant. Despite well-publicized settlements against the tobacco industry–and the specter of more suits–the company announced that fourth-quarter profits jumped 11 percent. Apparently b...

    By DeAnn Christinat • Jan. 31, 2002
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    Chalk One Up for the Good Guys

    –San Francisco-based Good Guys, Inc. promoted David Carter from director of financial planning and analysis to acting CFO, replacing Robert Stoffregen.The change comes in the midst of a scaled-down closing move, as the electronic retailer reported it will close seven stores instead of the eight i...

    By DeAnn Christinat • Jan. 30, 2002
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    Morning Becomes Electric: Kellogg Gets New CFO

    — Hillsboro, Ore.-based FEI Co. recently announced that CFO John Hodgson is leaving the company. Hodgson will be succeeded by interim chief Steven Loughlin until a permanent successor has been named. The company also said goodbye to its founder and chairman Dr. Lynwood Swanson, who will be replac...

    By DeAnn Christinat • Jan. 29, 2002
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    From Customers to Content: iManage Hires Blue Martini’s CFO

    — John Calonico was hired to head up the finance department at iManage Inc., a maker of content management software. Calonico most recently served as CFO at Blue Martini Software Inc., a customer relationship management software specialist which reported a pro forma net loss of $46 million in 200...

    By DeAnn Christinat • Jan. 28, 2002
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    Umbrella-Less: Traveler Finance Exec to Safeco

    Managers at insurer Safeco Corp. appointed former Travelers Insurance executive Christine Mead to the CFO post. Mead replaces Rod Pierson, who retired.Mead was previously CFO of the property casualty unit of Travelers, a unit of Citigroup Inc. Prior to joining Travelers in 1989, Mead was an accou...

    By Jennifer Caplan • Jan. 25, 2002
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    Phoning It In: GE Exec to BTI

    BTI Telecom Corp., a privately-held communications company, named J.W. Braukman to the top finance post. Prior to joining BTI, Braukman held various senior finance posts in a number of divisions at General Electric. Most recently he was CFO at GE’s information technology solutions business unit. ...

    By Jennifer Caplan • Jan. 24, 2002
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    Big Gulp: Energy Exec Jumps to 7-Eleven

    Managers at Dallas-based convenience retailer 7-Eleven, Inc. hired Edward Moneypenny as the new head of finance. Moneypenny will also serve on the company’s executive committee.Prior to joining 7-Eleven, Moneypenny was executive vice president and CFO at Covanta Energy Corp. a developer of power ...

    By Jennifer Caplan • Jan. 23, 2002
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    The One and Only: New CFO at Sony America

    Managers at consumer electronics giant Sony Corp. named Rob Wiesenthal as chief financial officer of Sony Corp. of America. Wiesenthal will oversee all financial operations at Sony’s U.S. subsidiaries. Wiesenthal will also remain executive vice president and chief of strategy of Sony Broadband En...

    By Jennifer Caplan • Jan. 22, 2002
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    Ingersoll-Rand CFO Dumps Trucks For Bucks

    David Devonshire, the CFO at Ingersoll-Rand Company Limited, a diversified industrial company, is resigning to join a New York investment-banking boutique as a senior advisor. Devonshire has been Ingersoll’s CFO since 1998. An external search is being conducted for his successor. At year end, Ing...

    By Jennifer Caplan • Jan. 21, 2002
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    The Makeover at Ariba

    Say this about Jim Frankola: He’s not afraid of taking a risk.In November, with the economy mid-sputter, Frankola resigned his position as vice president of finance and business development at Fasson Roll Worldwide, a $2 billion global division of Avery Dennison, an industrial material manufactur...

    By Jennifer Caplan • Jan. 18, 2002
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    Cardiac Kid: CardioGenesis Hires Interim CFO

    — Former Credit Suisse First Boston managing director Rob Wiesenthal has joined Sony Corp. of America as CFO. Wiesenthal retains his titles of executive vice president and chief of strategy at Sony Broadband Entertainment, the parent company for Sony’s entertainment unit. Wiesenthal replaces Nick...

    By DeAnn Christinat • Jan. 17, 2002
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    Analyze This: Brio CFO Resigns

    Brio Software Inc. announced that CFO Tamara MacDuff resigned from the company Wednesday.It’s been tough times of late at the Santa Clara, Calif.-based manufacturer of data-analysis software. Brio posted a third-quarter loss of $968,000, compared to a $260,000 loss reported during the same period...

    By DeAnn Christinat • Jan. 16, 2002
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    Lawyers, Funds, and Money

    John L. Flynn has been promoted to CFO at The Fairchild Corp. based in Dulles, Va. Flynn has been with the manufacturer of precision fastening systems since 1986, serving concurrently as vice president (tax) and senior vice president (tax again). Flynn, who is both an attorney and a C.P.A., will ...

    By DeAnn Christinat • Jan. 15, 2002
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    Critical Path’s CFO Upgraded

    On Monday, management at Critical Path Inc. announced that it named interim CFO Laureen DeBuono permanent finance chief. DeBuono has been serving as interim CFO at the San Francisco-based provider of Internet messaging infrastructure since September. She will continue to report to William McGlash...

    By DeAnn Christinat • Jan. 14, 2002
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    Big Cheese: Suprema Hires CFO

    Suprema Specialties Inc., a maker of Italian cheeses, has hired a new CFO. Thomas Reed is to fill the position vacated by Steven Venechanos, who resigned in December. As CFO.com reported earlier, Venechanos left Surprema shortly after the company announced that that it had hired an auditor to con...

    By Jennifer Caplan • Jan. 11, 2002
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    Chief Bottle Watcher: Panamerican Beverages Hires New CFO

    Mario Gonzalez Padilla is the new finance chief at Panamerican Beverages Inc., the largest soft-drink bottler in Latin America–and one of the three largest bottlers of Coca-Cola products in the world. Padilla replaces Paulo Sacchi, who will become general manager of the company’s Brazilian operat...

    By Jennifer Caplan • Jan. 10, 2002
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    In Vitria: Former Oracle Exec Moves to Software Integrator

    Managers at Vitria Technology Inc., a provider of application integration software, hired Graham Smith to head up the company’s finance department. Smith succeeds Paul Auvil, who will remain with the Sunnyvale, Calif.-based company in an operational role. In his new post, Smith will oversee finan...

    By Jennifer Caplan • Jan. 9, 2002
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    Heir Apparel: Tarrant Promotes Treasurer to CFO

    Patrick Chow is the new finance chief at casual apparel maker Tarrant Apparel Group. Chow previously served as Tarrant’s treasurer, a position he held since 1998.He succeeds Scott Briskie, who is leaving the company to pursue other opportunities, although Briskie will remain with Tarrant on a con...

    By Jennifer Caplan • Jan. 7, 2002
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    Conglomerates in Developing Countries

    Jaime Augusto Zobel de Ayala, chief executive of Ayala Corporation, the largest conglomerate in the Philippines, is rare among Asian tycoons for his willingness to ponder the imponderable. Every so often, he discusses with his brother, father and Ayala’s other directors whether they should break ...

    By Economist Staff • Jan. 4, 2002
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    Blue Light CFOs?

    CFO Martin Welch lasted just a year after Kmart directors brought in Chuck Conaway as CEO and charged him with turning around the fortunes of the slumping retailer. “I thought we hit it off really well,” recalls Welch, who had plenty of turnaround experience of his own from 10 years at Chrysler a...

    By Tim Reason • Jan. 4, 2002
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    CFOs Back in the Hood

    It’s a rerun at InFocus Corp.: CFO Michael Yonker has rejoined the company after three years as CFO of Wieden + Kennedy, a privately held advertising agency.Yonker left InFocus, he says, to spend more time with his children, who were then of high school age. Now he’s heading back for a shot at su...

    By DeAnn Christinat • Jan. 3, 2002
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    It’s the People, Stupid

    It’s a line employees and union leaders have touted for years: Happy employees make for more profitable companies. Now there seems to be more data to back it up.Watson Wyatt Worldwide, the benefits consulting firm, says it has evidence to support the idea that improvements in human-capital practi...

    By David Katz • Jan. 1, 2002
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    Operating Room

    The mid-1990s were promising years for most corporate finance chiefs trying to hold down health-care costs, but painful ones for hospital companies such as Tenet Healthcare. Like other hospital operators, Tenet was no match for the rapidly growing health maintenance organizations that were signin...

    By Andrew Osterland • Jan. 1, 2002
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    For Jenkins, Goodbye and Goodwill

    Edmund L. Jenkins, chairman of the Financial Accounting Standards Board, will retire next summer, ending a tenure marked by rulings that profoundly altered the way companies account for and report their financial status.Under Jenkins, FASB issued FAS 133, which requires companies to mark derivati...

    By CFO Editorial Staff • Dec. 21, 2001