CFO Moves – week ending December 15, 2017

CFO Moves this week include:

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Hearst Newspapers [NEW YORK] recently appointed Barnabas Kui as senior vice president and chief financial officer. He had served as Hearst Newspapers vice president of finance since 2013, and as director of accounting and financial reporting since 2008. Prior to joining Hearst, he was a senior manager in Ernst & Young’s New York City office, and started his career with Arthur Andersen LLP.

PACCAR [BELLEVUE, Wash.] (NASDAQ: PCAR) appointed Harrie Schippers as president and chief financial officer (CFO) effective January 1, 2018. Mr. Schippers has worked at PACCAR for 31 years and is currently executive vice president and chief financial officer at PACCAR’s corporate offices in Bellevue, Washington. Schippers was president of DAF Trucks in Eindhoven, the Netherlands, from 2010 to 2016.

Spirit Airlines [MIRAMAR, Fla.] (NASDAQ: SAVE) announced that Ted Christie, Executive Vice President and Chief Financial Officer, will assume the position of President and will join the company’s Board of Directors effective on January 1, 2018. Christie will become Spirit’s Chief Executive Officer on January 1, 2019, succeeding Bob Fornaro. Christie joined Spirit in 2012 as Senior Vice President and Chief Financial Officer, and in 2017 assumed the role of Executive Vice President with the additional responsibility of marketing, pricing, revenue management and scheduling.

F5 Networks, Inc. [Seattle, WA] announced that Andrew Reinland, Executive Vice President and Chief Financial Officer, informed the Company of his plans to retire during the Company’s third fiscal quarter, which ends June 30, 2018. In the meantime, Mr. Reinland will continue in his current roles at the Company.

Ally Financial Inc. [CHARLOTTE, N.C.] (NYSE: ALLY) announced that Jenn LaClair will be joining the company as chief financial officer designate, effective Dec. 18, 2017, with the intent that she be appointed to succeed Ally’s chief financial officer, Chris Halmy. Halmy will retire as chief financial officer after eight years of dedicated service with Ally, effective March 1, 2018. LaClair joins Ally from PNC Financial Services Group, Inc. where she spent ten years in business and finance roles. Most recently, she served as the head of the business bank and was charged with setting strategy, driving performance and managing risk. Prior to that, she served as chief financial officer for all of PNC’s lines of business. Earlier, she consulted with McKinsey and Company where she focused on strategy, efficiency improvement and operational transformations.

Tamr Inc. [Cambridge, MA] announced Karen Cambray, as Tamr’s first Chief Financial Officer and Operations Lead. Cambray most recently served as CFO for Cartera Commerce. She previously worked as CFO and Head of Operations for Groove Mobile and Zeemote.

Bryan Morris

Kinetica [SAN FRANCISCO] announced the appointment of Bryan Morris as chief financial officer. Most recently, Morris was CFO at Xamarin.

Atlas Genetics [CAMBRIDGE, Mass. & BATH, United Kingdom] announced the appointment of Marc Jones as Chief Operating Officer (“COO”) and Chief Financial Officer (“CFO”). Jones joins Atlas Genetics from Good Start Genetics, where he served as the COO and CFO. Prior to Good Start Genetics, Jones served as the CFO of T2 Biosystems. Previously, Jones held the CFO position at Crashlytics, Ivenix and CHiL Semiconductor. Earlier in his career, he held a number of corporate finance positions ranging from Fortune 50 companies to high-growth startups.

EmployBridge [ATLANTA] announced that Ms. Chi Nguyen has joined the company’s senior management team as Executive Vice President and Chief Financial Officer. Ms. Nguyen joins EmployBridge from Brand Energy & Infrastructure Services, where she served in several capacities, including Executive Vice President and Chief Financial Officer. She succeeds the company’s retiring Executive Vice President and Chief Financial Officer, Shawn W. Poole, who will work with EmployBridge through a transition period and then continue to serve in an advisory role. Ms. Nguyen joined Brand Energy & Infrastructure Services in August 2005 as the Director of Financial Planning and Analysis, and went on to hold various other financial and functional management positions. She was named Chief Financial Officer of Brand Energy & Infrastructure Services in May 2011. Prior to joining Brand Energy & Infrastructure Services, Chi spent 10 years at General Electric, where she held a series of financial management positions.

Jeffrey Geisenheimer

Estimize Inc. [NEW YORK] announced that Jeffrey Geisenheimer has joined as the firm’s first Chief Financial and Operating Officer. Jeff has served as an advisor and Estimize Board member since July 2016, and brings over 30 years of experience working with financial data companies both big and small. He’s held the role of Chief Financial Officer at various companies such as Multex, Moneyline Telerate, Ford Models and most recently Coleman Research Group.

Archrock Partners, L.P. [HOUSTON] (NASDAQ: APLP) announced that Raymond (Randy) Guba has been appointed Interim Chief Financial Officer of Archrock Partners’ managing general partner. Guba brings extensive financial executive experience to Archrock Partners having previously served as the Senior Vice President, Chief Financial Officer of Global Power; Executive Vice President, Chief Financial Officer at FTS International; and Executive Vice President, Chief Financial and Administrative Officer for Integrated Electrical Services.

CAB Financial Corporation [SPARTANBURG, S.C.] (OTCQX: CABF) announced it has appointed John D. Kimberly as its Chief Executive Officer effective January 1, 2018.  Mr. Kimberly currently serves as the President of the Corporation and as the President and Chief Executive Officer of Carolina Alliance Bank (the “Bank”), the Corporation’s wholly-owned subsidiary.  Mr. Kimberly succeeds John S. Poole, who recently announced his retirement from CAB Financial Corporation effective as of January 1, 2018. Prior to joining Carolina Alliance in 2014 as its President, Mr. Kimberly was President and Chief Executive Officer of Forest Commercial Bank in Asheville, North Carolina.  Mr. Kimberly has more than 30 years of banking experience, including service as Market President in western North Carolina for SunTrust Bank.

Dan Figenshu

Rocketrip [NEW YORK] announced that Dan Figenshu has joined the company as Chief Financial Officer. Prior to joining Rocketrip, Figenshu served as Senior Vice President of Finance at Mic Network Inc. Before Mic, Figenshu was Vice President of Finance at TheBlaze.

Nvoicepay [BEAVERTON, ORE.] announced the appointment of John Ewert as Chief Financial Officer. Most recently, he was part of the senior team at Elemental Technologies as CFO and COO.  Elemental Technologies was acquired by Amazon in 2015 and became part of Amazon Web Services. Prior to Elemental Technologies he was part of the executive team that scaled Palo Alto Networks through its initial and secondary public offerings. Ewert has also served in various management positions at other large enterprises including Oracle Corporation, Sun Microsystems, and PwC.

OrthoLite [AMHERST, Mass.] announced the hire of Nino Gilarde as Chief Financial Officer. Mr. Gilarde spent the majority of his career at Covidien Healthcare where he held several roles of increasing responsibility, including the management of international finance and cost accounting. Additionally, he held the position of Global Business Unit Vice President of Finance and CFO for the company’s Vascular Therapies business. Most recently he was CFO of Vention Medical.

Faction [DENVER] announced the expansion of its senior leadership team with the addition of Dan Grote as its Chief Financial Officer. Dan brings over 25 years of software and technology finance and operations experience to Faction, including CFO roles at Recondo, ReadyTalk, and netFactor, and financial leadership roles at Market Force Information and Verio.

Ulteig [FARGO, N.D.] announced the appointment of Jeremy Alinder as Vice President of Finance. After a brief transition period, Mr. Alinder will become the company’s Chief Financial Officer (CFO). Mr. Alinder joins Ulteig with over twenty years of financial leadership experience. Most recently, he served as CFO – USA Operations for Fluence Corporation, LLC. Prior to that, Mr. Alinder held leadership positions in multiple organizations, including Pentair, Ltd. and Hillcrest Capital Partners. He also served as an independent consultant, helping large construction and agriculture companies with growth plans and acquisition strategies. Mr. Alinder’s transition to CFO allows Steve Maag, the company’s current CFO, to assume a new strategic role in the company.

AlloSource [CENTENNIAL, Colo.] announced the appointment of Raime Leeby Muhle as Chief Financial Officer. Leeby Muhle is taking over for current Chief Financial Officer, Olivia Thompson, who is transitioning into retirement to focus on project-based work. Prior to AlloSource, Leeby Muhle served in key leadership positions at Arrow Electronics and Level 3 Communications.

Ellington Financial LLC [OLD GREENWICH, Conn.] (NYSE: EFC) announced that Lisa Mumford, the Company’s Chief Financial Officer (“CFO”), is expected to retire from her position with the Company on or about March 30, 2018. Upon Ms. Mumford’s retirement, JR Herlihy, the Company’s Treasurer. Mr. Herlihy joined Ellington Management Group L.L.C. (“Ellington”) in April 2011 and has been the Company’s Treasurer since May 2017. In addition, Mr. Herlihy has been the Treasurer of Ellington’s other public company affiliate, Ellington Residential Mortgage REIT (NYSE: EARN), since May 2017. Mr. Herlihy is also a Director at Ellington, where he has served in various capacities, including serving as Co-Chief Investment Officer of the Company’s former affiliate, Ellington Housing Inc. (“EHR”), from EHR’s inception in September 2012 through December 2016. Mr. Herlihy also served as EHR’s Interim Chief Financial Officer from March 2015 through January 2016. Prior to April 2011, Mr. Herlihy held various positions in the real estate industry, including at the real estate private equity firm GTIS Partners LP, Capmark Financial Group (formerly GMAC Commercial Mortgage), and Jones Lang LaSalle.

Liberty Tax, Inc. [VIRGINIA BEACH, Va.] (NASDAQ: TAX), the parent company of Liberty Tax Service, announced that Nick Bates will assume the position of Chief Financial Officer, effective January 1, 2018. Mr. Bates will succeed Kathy Donovan, who will provide consulting services to the Company until March 31, 2018, in order to promote a smooth transition. Most recently, he has served as Vice President of Finance and Corporate Controller.  Prior to that, Mr. Bates spent five years at Catapult Learning, LLC, most recently as the Chief Financial Officer.  Prior to Catapult, he held several positions at MedQuist Inc., in various financial roles.

Performance Food Group Company (“PFG”) [RICHMOND, Va.] (NYSE: PFGC) announced the appointment of Jim Hope as Chief Financial Officer effective March 1, 2018. Mr. Hope will succeed Tom Ondrof, who will be transitioning from his position and will become the Strategic Growth Leader, working closely with PFG’s senior management on strategic growth initiatives. Since joining the company in 2014, Mr. Hope has led efforts to streamline PFG’s business operations, strengthen internal best practices, develop the new Specialty business, and guide the Company’s Procurement and Operations strategies. Before joining PFG, he spent 26 years in executive leadership roles at Sysco Corporation, including most recently as Executive Vice President of Business Transformation, after serving as Senior Vice President of Sales and Marketing. Before that, Mr. Hope progressed through several financial leadership positions of increasing responsibility, including overseeing Internal Audit and Chief Financial Officer of Sysco Corporation’s Kansas City operating company, prior to becoming President and CEO of that subsidiary.

Rigel Pharmaceuticals, Inc. [SOUTH SAN FRANCISCO, Calif.] (NASDAQ: RIGL) announced the resignation of Ryan Maynard, executive vice president and chief financial officer, effective December 31, 2017. Nelson Cabatuan, Rigel’s vice president, finance will serve as the company’s interim principal accounting officer.

Duke Energy [CHARLOTTE, N.C.] announced the appointment of Robert Davis, chief financial officer and executive vice president of global services at healthcare company Merck & Co., Inc., as a new board member, effective Jan. 8, 2018. Davis will serve on two Duke Energy board committees: audit, and finance and risk management. Davis joined Merck in 2014. Prior to Merck, he worked for Baxter, International Inc., where he served as the company’s corporate vice president and president of Medical Products from 2010 through 2014. Prior to that position, Davis served as corporate vice president and president of Baxter’s renal business. He served as Baxter’s corporate vice president and chief financial officer from 2006 through 2010, and the company’s treasurer from 2004 through 2006. Prior to joining Baxter, Davis worked at Eli Lilly and Co., where he held numerous positions of increasing responsibility over 14 years. He has served on the board of directors for C.R. Bard, Inc., since 2015, and is a member of its finance, audit, and science and technology committees. He was a member of the board of directors of AdvaMed from 2010 through 2014, and a member of the board of the Baxter International Foundation from 2006 through 2014.

Mark Pedro

Pinnacle Operating Corporation [LOVELAND, Colo.] announce Mark Pedro has been named as its Executive Vice President and Chief Financial Officer effective January 1, 2018. Prior to joining Pinnacle, Mr. Pedro served as CFO for Sonepar, North America. Prior to Sonepar, North America, Mr. Pedro held financial leadership positions across multiple industries most notably Nestle USA, Kraft Foods, Inc. and Univar.

Andrew Oh

Rubius Therapeutics [CAMBRIDGE, Mass.] announced the appointment of Andrew Oh as Chief Financial Officer. Prior to joining Rubius, Mr. Oh served as Chief Investment Officer and Chief Operating Officer at Leerink Pharmaceutical Investments, a subsidiary of Leerink Capital Partners. Prior to Leerink, Mr. Oh was a senior analyst covering global pharmaceutical companies and was a portfolio manager at Fidelity Investments for seven years. Mr. Oh managed the Fidelity Select Pharmaceuticals Portfolio fund.

CLS Holdings USA, Inc. [LAS VEGAS, NV] (OTCQB: CLSH) announced the appointment of David Lamadrid as President and Chief Financial Officer. Prior to joining CLS, Mr. Lamadrid was the founder and CEO of Pure Harvest Cannabis Producers, Inc. Between 2012 and 2016, Mr. Lamadrid served first as the CFO and then as a member of the U.S. Senior Executive Management Team at ARRI Rental. From 2002 until 2012, Mr. Lamadrid was CFO of CytoSorbents Corporation.

Edgewell Personal Care Company [ST. LOUIS] (NYSE: EPC) announced that Sandy Sheldon, Chief Financial Officer, will be leaving the Company.  Elizabeth Dreyer, Vice President, Controller and Chief Accounting Officer, will serve as Edgewell’s Interim CFO.

Cabot Microelectronics Corporation [Aurora, IL] (NASDAQ: CCMP) announced the appointment of Scott D. Beamer as Vice President and Chief Financial Officer. He will succeed William S. Johnson, who plans to retire after almost 15 years as Chief Financial Officer of the Company. Mr. Beamer joins Cabot Microelectronics after more than four years as Vice President and Chief Financial Officer of Stepan Company (NYSE: SCL). Prior to Stepan, he held various senior finance roles over a 16-year career at PPG Industries, Inc., including serving as its CFO – Europe, and as its Assistant Corporate Controller. Mr. Beamer will assume his role as Vice President and Chief Financial Officer on January 15, 2018. Mr. Johnson will remain with the Company for a period of time to assist with a smooth transition.

Coda Octopus Group, Inc. [Orlando, FL] (NASDAQ: CODA) announced that it has appointed Michael Midgley as the Group’s Chief Financial Officer. Mr. Midgley has served as the Company’s Acting CFO since 2013, and has been with the Coda Octopus Group for nearly ten years. In addition to his responsibilities as CFO, Mr. Midgley will continue to serve as Chief Executive Officer of the Company’s wholly owned subsidiary, Coda Octopus Colmek, Inc., based in Murray, Utah, a position he has held since 2010. Prior to joining Coda Octopus Group, Mr. Midgley had his own CPA practice based in Salt Lake City, specializing in SEC and Tax practice areas, as well as working for a regional accounting firm. Additionally, from 1995-2008, he served as a software installation consultant, and was an integral part of a JD Edwards system installation for a retail store and warehouse distribution operation. Mr. Midgley served as President and CFO of Covol Technologies, Inc., 1991-1995. Mr. Midgley served as CFO of Human Affairs Inc., 1986-1991, and was an integral part of the acquisition team when the corporation was acquired by Aetna Life and Casualty.

Restoration Robotics, Inc. [SAN JOSE, Calif.] (NASDAQ: HAIR) announced that Mark L. Hair will join the Company as Chief Financial Officer, effective January 5, 2018. Most recently, Mr. Hair served as Vice President and Chief Accounting Officer at ZELTIQ Aesthetics. Prior to ZELTIQ, Mr. Hair served as Vice President of Finance at Accuray Inc., as a private consultant for St. Jude Medical, and as Vice President & Corporate Controller at Thoratec Corporation. Mr. Hair succeeds Charlotte Holland, who is stepping down from her role as Chief Financial Officer and will assist in the leadership transition.

John Kinzer

OutSystems [Atlanta, GA] announced that John Kinzer, CFO at HubSpot, has been appointed to its board of directors. Prior to HubSpot, John Kinzer served as CFO for Blackboard, Inc.