CFO Moves – week ending July 24, 2015

CFO Moves this week include:

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CFO Moves is published by Samuel Dergel (Executive Search Consultant and CFO & Financial Executive Search Specialist with Stanton Chase). Samuel can be reached by email at s.dergel@stantonchase.com or by phone at +1 (415) 738-2070.

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AMC Theatres (NYSE: AMC) announced that the Board has appointed Craig R. Ramsey, AMC’s Chief Financial Officer, as interim President and Chief Executive Officer. Mr. Ramsey currently serves as AMC’s Executive Vice President and Chief Financial Officer.

Corning Incorporated (NYSE: GLW) announced that James B. Flaws, vice chairman and chief financial officer, will relinquish the chief financial officer title as part of his plan to retire later this year. R. Tony Tripeny will assume the roles of senior vice president and chief financial officer. Mr. Tripeny joined the company in 1985 as a corporate accounting manager for Corning Cable Systems. In 2003, Mr. Tripeny became the group controller for Corning’s Telecommunications Group. In 2004, he was named division vice president and operations controller. He was elected vice president and corporate controller in 2005 and senior vice president and principal accounting officer in 2009.  He has served as a member of Corning’s management committee since 2014, and was previously a member of the executive leadership team since 2011.

Bank of America (NYSE: BOA) announced that Chief Financial Officer Bruce Thompson has decided to step down. Paul Donofrio, who has been with Bank of America since 1999, will become CFO. Prior to his promotion, Donofrio was co-head of Global Corporate and Investment Banking, co-head of Global Investment Banking, and head of Global Corporate Banking.

Electro Rent Corporation (NASDAQ: ELRC) announced that Craig Jones, the company’s Chief Financial Officer, is retiring. Alan Sciarillo, Electro Rent’s Vice President, Finance will become acting CFO. Sciarillo has nearly 30 years of finance and accounting experience and has been with Electro Rent since 2006.

Marin Software (NYSE: MRIN) announced that Catriona Fallon has been appointed Executive Vice President and Chief Financial Officer. Ms. Fallon joins Marin Software from Cognizant Technology Solutions Corporation, where she served as Vice President and Chief of Staff for the CFO. Prior to Cognizant, Ms. Fallon spent over four years at Hewlett-Packard, most recently as Vice President Strategy and Financial Planning, Worldwide Marketing. Previously, Ms. Fallon was a research analyst at Citigroup Investment Research and Piper Jaffray & Company. In addition, Ms. Fallon previously served as a Consultant at McKinsey & Company and Senior Marketing Manager at Oracle Corporation.

CME Realty, Inc. (OTC PINK: CMRL) announced that the Company has appointed Vincent T. Prince as its new Chief Financial Officer and member of the Board of Directors. Mr. Prince will also head up the audit committee of the Company. Prince has had past positions at several companies including: Office Depot, Inc., Leggett & Platt, Inc., Dade Behring, Inc., BF Goodrich Aerospace, and Warner Brothers Publications. Most recently, Prince was CFO of Insurance Care Direct, Inc.

Clinicient Inc. welcomed Steven Sipowicz as chief financial officer. Prior to joining Clinicient, Sipowicz was the chief financial officer at ShiftWise. He was also the chief financial officer of Cascade Microtech and Corillian.

Amphenol Corporation (NYSE: APH) announced the successful completion of the transition of Craig A. Lampo to the position of Senior Vice President and Chief Financial Officer, succeeding Diana G. Reardon.

Coordinated Health announced the appointment of veteran hospital and healthcare executive Linda Chen as Chief Financial Officer. Chen joins CH from Community Health Systems (CHS), where she served for four years, most recently as CFO of Easton Hospital.

Joule announced the appointment of Peter Matrai as Senior Vice President and Chief Financial Officer. Mr. Matrai most recently served as Chief Operating Officer and Chief Financial Officer of Butamax Advanced Biofuels.

NIKA announced that Usman Shakir has joined the executive leadership team as Executive Vice President and Chief Financial Officer. Before joining NIKA, Shakir served in Senior Corporate Finance roles with Berico, Deltek and AOL. Earlier in his career, Shakir worked in various Finance roles for GE Capital.

DRB Financial Solutions, LLC newly appointed Chief Financial Officer, Steve Bashmakov.  Prior to joining DRB, Mr. Bashmakov spent the last five years at RoundPoint Financial Group where he served in a number of executive roles including CFO and President.  Previously, he served in executive roles at Residential Credit Solutions, Resmor Trust, GMAC Residential Funding of Canada, ResCap and JP Morgan Chase.

The Walton Group of Companies has named Steven Friedman Chief Financial Officer of Walton Development & Management (USA), Inc. Friedman most recently served as the national director of Ernst & Young LLP’s Homebuilding and Land Development practice.

Spiral Toys (OTC: STOY) has appointed Akio Ariura as chief financial officer. Ariura formerly served as CFO of Radient Pharmaceuticals. Prior to Radient, Ariura was a consultant with Resources Global Professionals and previously held senior positions at Sunvest Industries and Derlan Industries.

Interactive Intelligence Group Inc. (NASDAQ: ININ) has appointed Ashley Vukovits as its new chief financial officer, senior vice president of administration, secretary and treasurer. Vukovits replaces Stephen R. Head, who is retiring as chief financial officer. Vukovits had served in finance roles at Interactive Intelligence since 2003. Most recently she served as vice president of finance for the company. Before joining Interactive Intelligence, Vukovits held senior finance positions with Union Acceptance Corp., and was an audit professional for KPMG LLP.

Electronic Recyclers International announced that it has promoted James Kim to Chief Financial Officer. Kim joined as a financial executive earlier this year. Previously, he was Director of Mergers & Acquisitions at Greif & Co. Earlier in his career, Kim served as part of the Technology Investment Banking Group at Bank of America Securities, LLC; as part of the Global Industries & Healthcare Investment Banking Groups at Merrill Lynch and Co.; as a Senior Consultant of Corporate Transactions at KPMG Peat Marwick, LLP; and as an Accountant at PriceWaterhouse, LLP.

Retail Properties of America, Inc. (NYSE: RPAI) announced that Heath R. Fear has accepted the Company’s offer to serve as its new chief financial officer and treasurer. Mr. Fear currently serves as senior vice president, head of capital markets of General Growth Properties, Inc. and as a member of GGP’s capital and management committees. Prior to GGP, Mr. Fear served as counsel for Prime Group Realty Trust, and as an associate in the real estate practice groups of Kirkland & Ellis and Pedersen & Houpt.

PAR Technology Corporation (NYSE: PAR) announced that Michael Bartusek has been appointed as the Company’s new Vice President and Chief Financial Officer. Mr. Bartusek formerly served as the Chief Financial Officer and Corporate Treasurer at Sutherland Global Services, Inc. Prior to SGS, Mr. Bartusek was Director of Finance for the North American operations at XEROX Global Services, Inc. Mr. Bartusek also held various financial positions at GE Capital and was a Senior Manager at PricewaterhouseCoopers LLP.

Celanese Corporation (NYSE: CE) announced that Chris Jensen has been named the company’s chief financial officer. Jensen has served in the role on an interim basis since May 2014. Jensen joined Celanese in 2005. Prior to joining Celanese, Jensen worked in the inspections and registration division of the Public Company Accounting Oversight Board. He previously spent 13 years at PricewaterhouseCoopers LLP.

Liquidity Services (NASDAQ: LQDT) announced the appointment of Jorge Celaya as Executive Vice President and Chief Financial Officer (CFO). Mr. Celaya will succeed Jim Rallo who will focus solely on his previously announced role as President of Liquidity Services’ Retail Supply Chain Group. Prior to joining the Company, Mr. Celaya was co-founder of Avanz Capital. From July 2007 to March 2010, Mr. Celaya was Executive Vice President and Chief Financial Officer of FTI Consulting. From October 2003 to February 2007, Mr. Celaya served as Executive Vice President and Chief Financial Officer of Sitel Corporation. From 1990 to October 2003, Mr. Celaya held positions at Schlumberger.

Virtual Piggy, Inc. (OTCQB: VPIG) announced that Scott McPherson, the original CFO of Virtual Piggy, has returned to take over the CFO position full-time.

Nuance Communications, Inc. (NASDAQ: NUAN) announced that it has appointed Daniel D. Tempesta as its Chief Financial Officer and an Executive Vice President. Tom Beaudoin, who has served as Nuance’s CFO since July 2008, will depart at the end of the month. Mr. Tempesta joined Nuance in March 2008 and most recently has served as Nuance’s Chief Accounting Officer, Corporate Controller and Senior Vice President of Finance. Previously, Mr. Tempesta held several senior finance roles, including Chief Accounting Officer and Corporate Controller, at Teradyne Inc. Prior to that he spent the first eleven years of his career in the audit practice of PricewaterhouseCoopers LLP.

Lakeland Industries, Inc. (NASDAQ: LAKE) announced that Gary Pokrassa has retired as Chief Financial Officer.  Teri W. Hunt, a 10 year veteran of Lakeland and most recently serving as Vice President of Finance, has been named as Acting Chief Financial Officer.  Ms. Hunt has served as the Company’s Vice President of Finance since November 2010, before which time she served as its Corporate Controller from May 2007 to November 2010.  Prior to Lakeland, Ms. Hunt served in accounting, audit and administrative capacities including the position of Corporate Controller for Wellstone Mills.

OXiGENE, Inc. (NASDAQ: OXGN) announced that Barbara Riching resigned from her position as Chief Financial Officer to pursue other interests.

Infor announced it has hired Jeff Laborde as Chief Financial Officer. Laborde most recently served as CFO of SumTotal Systems, Inc. Prior to SumTotal Systems, Laborde was a managing director at Goldman, Sachs & Co. in the Technology, Media & Telecom Group.  Earlier in his career, Laborde served in Credit Suisse First Boston’s Technology Group and Arthur Andersen LLP’s Audit and Business Advisory Group.

Mercer International Inc. (NASDAQ: MERC) announced that David M. Gandossi, the current Chief Financial Officer will assume the role of President and CEO and become a Director. Mercer also announced that Mr. David K. Ure, the Senior Vice-President, Finance will concurrently become the CFO and Secretary of the Company. Gandossi has served as Executive Vice-President, Chief Financial Officer and Secretary since August 2003. Mr. Gandossi’s previous roles included Chief Financial Officer and other senior executive positions with Formation Forest Products and Pacifica Papers Inc. Ure returned to Mercer in September 2013, assuming the role of Senior Vice President, Finance. Prior to serving as Vice President, Finance of Sierra Wireless Inc., Mr. Ure was Vice President, Controller at Mercer from 2006 to 2010. He has also served as Controller at various companies including Catalyst Paper Corporation, Pacifica Papers Inc., and TrojanLitho, as well as Chief Financial Officer and Secretary of Finlay Forest Industries Inc.

CPI Card Group announced that the company has hired business veteran David Brush to lead Finance, IT and Project Management Organization activities. Brush’s previous roles included group executive and president of Power Transmission at Rexnord Corporation, and vice president and general manager of Specialty Packaging at Pactiv Corporation.

Tutor Perini Corporation (NYSE: TPC) announced that Michael J. Kershaw, its Executive Vice President and Chief Financial Officer, will be retiring from the Company. The Company announced that it has entered into a letter agreement with Gary G. Smalley to succeed Mr. Kershaw as the Company’s Executive Vice President and Chief Financial Officer. Mr. Smalley has been Senior Vice President and Controller of Fluor Corporation since March 2008 and, since October 2014, concurrently served as Group Chief Financial Officer for one of Fluor’s business segments. Prior to joining Fluor, he held audit positions with Ernst & Young and J.P. Stevens and Company

Public Service Enterprise Group (NYSE: PEG) announced that Caroline Dorsa, CFO for PSEG will retire.  Dorsa has been executive vice president and chief financial officer for PSEG and its subsidiaries since April 2009.  Prior to becoming CFO, she had served for six years as a member of the PSEG Board of Directors and a member of PSEG’s Audit, Corporate Governance and Finance Committees.

Knight Capital Funding announced the addition of Rich Ferrante as their new chief financial officer. Ferrante had been providing financial consulting to Knight Capital Funding prior to accepting the role of chief financial officer. Prior to joining Knight Capital Funding, Ferrante served as controller for CAN Capital and their subsidiary, AdvanceMe, Inc. and was promoted to chief financial officer in his first year. Ferrante’s career in financial services and accounting began at PricewaterhouseCoopers, and then Mercer, a subsidiary of Marsh & McLennan, working within both the United States and internationally.