Human Capital: Page

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    CFOs on the Move (Europe): Week Ending May 15

    Novartis, a Swiss pharmaceuticals group, has poached Jonathan Symonds, a managing director at investment bank Goldman Sachs, to become its new deputy CFO and CFO designate. Symonds, a former CFO at AstraZeneca, will join Novartis in September, initially reporting to finance chief Raymund Breu, wh...

    By Tim Burke • May 15, 2009
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    CFOs on the Move: Week Ending May 15

    Allen Hsieh has been appointed vice president and CFO of Flow International Corp., an industrial water-jet machine developer and manufacturer. Hsieh joined the company in December 2008, when he was named interim CFO.Security firm The Brink’s Co. has named Joseph Dziedzic as its new vice president...

    By Joan Urdang • May 14, 2009
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    Leadership in Finance: Triple-S Management’s Juan Jose Román

    Juan Jose Román, the finance chief of Triple-S Management Corp., has been steeped in the insurance business since he was an auditor working in KPMG’s San Juan, Puerto Rico office in the late 1980s. While with the Big Four firm, Román specialized in audits of insurance industry clients. Then in 19...

    By Marie Leone • May 14, 2009
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    Kuehne + Nagel International’s Gerard van Kesteren

    As with so many companies, the fourth quarter of last year was a turning point for Kuehne Nagel, one of the world’s largest logistics groups. “It’s as if someone pulled a switch and, all of a sudden, nothing moved,” recalls CFO Gerard van Kesteren. Unlike other companies, however, the SFr22 billi...

    By Janet Kersnar • May 11, 2009
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    Leadership in Finance: Telemundo’s Javier Maynulet

    He’s too young to qualify yet as a “lifer,” but since graduating from Boston College in 1996, Javier Maynulet has known only one employer: General Electric. Already in his second CFO job within the company at age 35, he finds himself a central player in a business that wields the potential for ex...

    By • May 11, 2009
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    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
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    Free At Last

    “I had been on the corporate ladder for a while. I wanted more variety in life.” And thus, ten years ago, John Stallabrass left his life as a finance director at listed companies for the more exciting, uncertain existence of an interim manager. He will probably keep at it for ten more. “I’m still...

    By Jason Karaian • May 11, 2009
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    CFOs on the Move (Europe): Week Ending May 8

    Guy Whittaker will step down as finance chief of the part-nationalised Royal Bank of Scotland later this year. The bank expects a successor to be appointed by October. Stephen Hester, who joined the bank as chief executive in November 2008 following the resignation of Sir Fred Goodwin, said Whitt...

    By Tim Burke • May 8, 2009
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    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
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    CFOs on the Move: Week Ending May 8

    John Olin, vice president and controller at Harley-Davidson Motor Co., will add to his title as interim CFO of Harley-Davidson Inc. In that role, he succeeds Tom Bergmann, who is leaving the company. Olin has been at Harley-Davidson since 2003; prior to that, he worked in finance at various compa...

    By Joan Urdang • May 8, 2009
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    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
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    Leadership in Finance: Morrisons’ Richard Pennycook

    When Richard Pennycook joined Morrisons, a £14.5 billion UK supermarket chain, as group finance director in October 2005, its problems were well known. A year before, the company paid £3 billion for Safeway, a larger rival, and bungled the integration. A string of subsequent profit warnings led t...

    By Tim Burke • May 7, 2009
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    Boards to Execs: You’re Not Worth It

    Amid shareholders’ mounting rage over what they see as wantonly excessive compensation for underperforming executives, defenders of high pay have had one steadfast rebuttal: It’s needed to retain top management talent.But corporate boards, it seems, aren’t buying it. In a survey of board members ...

    By • May 6, 2009
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    Are Target Funds on Target?

    See this year’s 401(k) Buyer’s Guide.So much for autopilot. Amid all the recent tumult in the 401(k) space, one area that plan sponsors may have thought was trouble-free is anything but. Target-date funds — premixed portfolios that automatically get more conservative as an investor’s retirement d...

    By Lynn Brenner • May 1, 2009
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    Leadership in Finance: Zebra Technologies’s Michael Smiley

    As finance chiefs around the country slash everything from travel to payroll, many are weighing their ability to invest for future growth. Those whose companies are struggling for survival don’t have the luxury of thinking that far ahead, as evidenced by a recent McKinsey survey that found 40% of...

    By Kate O'Sullivan • May 1, 2009
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    “It Still Hurts When You Lose”

    Charlie Mierswa is all over the court — or, more accurately, the arena. He’s talking with fans, backslapping security guards, visiting with VIPs, even wiping up a coffee spill. He’s highly visible, but then, so is his company: the New Jersey Nets of the National Basketball Association. The Nets p...

    By • May 1, 2009
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    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
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    Good Sports

    Aside from the occasional coaching stint, most CFOs’ Little League days are long past, but the lessons learned on those distant summer evenings may hold the key to their future success. Two such lessons — learning to take a leadership role on a team and to collaborate with other team members — ar...

    By Kate O'Sullivan • May 1, 2009
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    CFOs on the Move (Europe): Week Ending May 1

    UniCredit, an Italian financial services group, moved Marina Natale from head of its private banking division to group CFO. She replaces Ranieri de Marchis, who will become head of audit. De Marchis replaces Elisabetta Magistretti, who is retiring.Allied Irish Banks, a beleaguered Irish lender, a...

    By Jason Karaian • May 1, 2009
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    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
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    CFOs on the Move: Week Ending May 1

    Beauty-care products company Revlon Inc. has promoted Alan Ennis to the post of president and CEO. Previously he was executive vice president, CFO, and president of Revlon International. He takes over from David Kennedy, who will become the firm’s vice chairman.Murray Demo will be the new executi...

    By Joan Urdang • April 30, 2009
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    FEI: No Raises for 31% of Finance Execs

    Thirty-one percent of 990 financial executives have received no salary increase, according to a survey conducted in December 2008 and January 2009 and issued today by the research arm of Financial Executives International. That’s just about double the number (16%) of those who received no raises ...

    By David Katz • April 29, 2009
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    I Ripped Off Clients, Dental Plan’s Ex-CEO Admits

    Companies’ efforts to combat fraud should not necessarily end with internal scrutiny. Some types of external suppliers may be in a position to rip you off, as well.To that point, the Justice Department announced that Jonathan Hogge, the former CEO of a dental-plan administrator, has pled guilty t...

    By • April 28, 2009
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    Even CFOs Get the Retirement Blues

    The stock-price plunge has spared few individual investors and, as a group, finance executives are certainly no exception. In fact, because they have more money than most people, their losses are greater, in raw-dollar terms.Many American workers, especially those age 50 or older, cannot fathom n...

    By • April 24, 2009
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    CFOs on the Move (Europe): Week Ending April 24

    German engineering group GEA named Helmut Schmale as its new CFO. He replaces Hartmut Eberlein, who will move onto the company’s supervisory board. Schmale joined GEA in 1993 and rose to head of the thermal engineering unit before being tapped as group finance chief at the company’s AGM earlier t...

    By Jason Karaian • April 24, 2009
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    CFOs on the Move: Week Ending April 24

    John Pietrowicz has been promoted to managing director and deputy CFO at derivatives exchange CME Group. Pietrowicz, who has been with the company since 2003, is a former CFO at electronic commodities exchange The Merchants’ Exchange.Aurora, Illinois-based holding company Westell Technologies Inc...

    By Joan Urdang • April 23, 2009
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    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
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    Pension-Disclosure Trap Looms

    New disclosure requirements for defined-benefit pension plans could pose problems for CFOs not paying close attention, a benefits attorney told CFO.com.Time is running out to get a handle on an amendment to the Pension Protection Act of 2006 that requires plan sponsors to describe an investment p...

    By • April 22, 2009
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    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
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    CFOs on the Move (Europe): Week Ending April 17th

    Dutch semiconductor equipment maker ASM International announced that it would not renew the contract of CFO Naud van der Ven when it expires next month. The supervisory board “did not agree with the conditions requested by Mr van der Ven for his reappointment,” read a statement. The board also no...

    By Jason Karaian • April 17, 2009
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    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
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    CFOs on the Move: Week Ending April 17

    Following the sale of biotechnology company Genentech Inc. to its majority owner, Swiss pharmaceuticals company Roche, David Ebersman, CFO and executive vice president of Genentech, will be leaving the company, effective May 1. He will be replaced by Steve Krognes, currently head of Roche corpora...

    By Joan Urdang • April 16, 2009
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    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
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    Economy’s Plunge Spares Health Benefits — For Now

    The recession has clearly led increasing numbers of companies to eliminate or reduce fund matches in 401(k) programs and to change their severance policies. But the most costly benefit of all, health care, has been little affected so far.One reason could be the timing of the annual benefits cycle...

    By • April 16, 2009