CFO Moves this week include:
| Sonoco | E*TRADE Financial Corporation | Everbridge, Inc. |
| American International Group (AIG) | Machine Zone | The Nature’s Bounty Co. |
| ETQ | 3PEA International, Inc. | MEGA International |
| MedMen Enterprises Inc. | Prevail Therapeutics, Inc. | IRIDEX Corporation |
| Dropoff | Harvest Health & Recreation Inc. | Senseonics Holdings, Inc. |
| Potbelly Corporation | Cidara Therapeutics, Inc. | CenterPoint Energy, Inc. |
| Newgioco Group, Inc. | Digital Media Solutions | Orchestra BioMed, Inc. |
| Eiger BioPharmaceuticals, Inc. | TricorBraun | IsoRay, Inc. |
| KEMET Corporation |
Would you like to receive our weekly CFO Moves directly in your email? Click the SIGN ME UP! button on the right of the blog page.
Should you have any CFO Moves to report, please email us.
NOTE: CFO Search Report available monthly to CFOs only. Read more here.
CFO Moves is published by Samuel Dergel (Executive Search Consultant and CFO & Financial Executive Search Specialist with Dergel Executive Search). Samuel can be reached by email at samuel@dergelcfo.com or by phone at +1 (415) 738-2070.
+ + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + +
Julie Albreicht
Sonoco [HARTSVILLE, S.C.] (NYSE: SON) announced Barry Saunders, Senior Vice President and Chief Financial Officer, has announced his plans to retire after nearly 30 years with the Company, effective March 1, 2019. Sonoco also announced plans to appoint Julie Albrecht who will be named Vice President and Chief Financial Officer, effective following Saunders’ retirement. Albrecht joined Sonoco in March 2017 and has served as Corporate Vice President, Treasurer and Assistant CFO. Albrecht spent nearly 20 years at Goodrich Corporation/United Technologies Aerospace Systems, progressing through several finance positions, including Assistant Treasurer while at Goodrich. In 2012, Goodrich was acquired by United Technologies, and Albrecht became Finance Director of an $800 million business unit and also led financial planning and analysis for its aftermarket business. Prior to joining Sonoco, she was Vice President, Finance, Investor Relations and Treasurer for Esterline Technologies. Albrecht began her career in public accounting with PricewaterhouseCoopers.
E*TRADE Financial Corporation [NEW YORK] (NASDAQ: ETFC) announced that Chad Turner will assume the role of Chief Financial Officer for the Company. An E*TRADE veteran with nearly two decades in leadership roles in finance and beyond, Mr. Turner currently oversees the forecasting and performance analysis functions that drive the Company’s strategic direction. Prior to this role, Mr. Turner served as Vice President, Accounting. Prior to joining E*TRADE, Mr. Turner served as Controller for Verestar, Inc. He started his career in public accounting at Arthur Andersen.
Everbridge, Inc. [BURLINGTON, Mass.] (NASDAQ: EVBG) announced that Kenneth Goldman, who has served as Senior Vice President & Chief Financial Officer since April 2015, will retire in mid-2019. Patrick Brickley, Everbridge Vice President of Finance & Accounting, will be promoted to the role of Senior Vice President & Chief Financial Officer upon Goldman’s retirement. Brickley joined Everbridge in May of 2015 as Vice President of Finance and was promoted to VP Finance & Accounting in 2017. Prior to joining Everbridge, Brickley served as the lead finance partner to tech visionaries pursuing a number of innovation initiatives at Google in the roles of Finance Manager and Controller. Before Google, he held several financial leadership roles at ITA Software, which was later acquired by Google.
Mark D. Lyons,
American International Group (AIG) [NEW YORK] (NYSE: AIG) announced that it has appointed Mark D. Lyons to the role of Executive Vice President & Chief Financial Officer (CFO). Mr. Lyons succeeds Sid Sankaran, who will remain at AIG in an advisory capacity through the year-end reporting process for fiscal year 2018. Mr. Lyons will remain Chief Actuary, General Insurance, until a successor is named. Mr. Lyons joined AIG in 2018 from Arch Capital Group, Ltd., where he served as Executive Vice President, Chief Financial Officer and Treasurer since 2012. He joined Arch in 2002 and served in various capacities within Arch Insurance U.S. operations, eventually rising to Chairman and Chief Executive Officer of Arch Worldwide Insurance Group. Prior to joining Arch, Mr. Lyons held various positions at Zurich U.S., Berkshire Hathaway and AIG.
Machine Zone [PALO ALTO, Calif.] announced the appointment of Dan Nash as Chief Financial Officer. Before joining MZ, Nash was a Managing Director and Head of Internet Investment Banking at Wells Fargo Securities. Prior to Wells Fargo, he served as Director of Internet Investment Banking at BofA Merrill Lynch. He also held multiple investment banking and finance positions at BofA Merrill Lynch, Riverstone Networks and Intel Corp.
The Nature’s Bounty Co. [RONKONKOMA, N.Y.] announced that Ted McCormick is joining the company as Chief Financial Officer. Most recently Mr. McCormick was CFO of Roland Foods LLC. Prior to Roland Foods, Ted held a number of senior finance roles at Unilever across its global Supply Chain, Foods and Home & Personal Care businesses; most notably as CFO at the Pepsi/Lipton Partnership and CFO at Ben & Jerry’s.
Richard Russo
ETQ [Burlington, MA] announced the appointment of Richard Russo as CFO. Russo comes to the company from Epicor Software Corporation, where he spent 10 years as SVP, Chief Accounting Officer and VP of Finance. Before that, he spent nine years in various financial positions including Senior Director of Corporate FP&A at Solectron Corporation.
3PEA International, Inc. [HENDERSON, Nev.] (NASDAQ: TPNL) has named Mark Attinger as Chief Financial Officer. Attinger began his career at American Express and spent 12 years in various positions in Finance, Performance and Quality Management, and Operations. Subsequently, he held positions as Vice President of Operations at NextCard, Chief Operating Officer at Prudential and Chief Executive Officer of Affina (a business process outsourcer). More recently, Mr. Attinger served as Chief Executive Officer and Chief Financial Officer of start-up Zxerex. Former Chief Financial Officer Brian Polan will resume his prior role at 3PEA as Vice President, Corporate Finance.
MEGA International [BOSTON] appointed Eric Roussel as chief financial officer. Prior to joining MEGA, Roussel served as senior manager in Transaction Advisory Services for EY in both the United States and France.
Michael Kramer
MedMen Enterprises Inc. [LOS ANGELES] (CSE: MMEN, OTCQX: MMNFF) announced the hiring of Michael W. Kramer as Chief Financial Officer. Kramer’s three decades of experience include serving as chief financial officer of Apple Retail as well as Abercrombie & Fitch.
Prevail Therapeutics, Inc. [NEW YORK] announced the appointment of Brett Kaplan, M.D., to Chief Financial Officer. Prior to Prevail, Dr. Kaplan was a Managing Director at Evercore. Prior to Evercore, he was an Equity Research Analyst at Cowen. Earlier in his career, Dr. Kaplan held senior positions at Cubist and Lilly focused on corporate and business development.
IRIDEX Corporation [MOUNTAIN VIEW, Calif.] (NASDAQ: IRIX) announced Chief Financial Officer Atabak Mokari will leave the Company for a senior finance executive role at another company. Mokari will leave the Company effective December 18, 2018.
Dropoff [AUSTIN, TEXAS] announced that Rey Madolora will take on the newly created role of Chief Financial Officer. Madolora was on the founding team at Hangar Technology. Prior to that, he was the CFO/COO of DJI North America.
Harvest Health & Recreation Inc. [PHOENIX] (CSE: HARV) announced the appointment of Leo Jaschke as the chief financial officer (CFO). Jaschke comes to Harvest from WTRMLN WTR
where he served as CFO. Prior to WTRMLN WTR, Jaschke served as vice president of finance and then CFO of MBHE Holdings (MBHE) from 2006 to 2016. Previous to that, he was the director of finance, treasury and risk management for Ultimate Electronics.
Senseonics Holdings, Inc. [GERMANTOWN, Md.] (NYSE American: SENS) announced the retirement of Chief Financial Officer, R. Don Elsey. Mr. Elsey has agreed to remain in his current role and to step down when a replacement is appointed.
Potbelly Corporation [CHICAGO] (NASDAQ: PBPB) announced that Thomas J. Fitzgerald joined as Senior Vice President, Chief Financial Officer. Most recently, Fitzgerald served as President and CFO at Charming Charlie, where he had previously served as CAO and CFO. Prior to his roles at Charming Charlie, Mr. Fitzgerald was CAO of Sears Canada, held several leadership positions at Liz Claiborne, Inc., was CFO at Burlington Coat Factory, was COO of Bath & Body Works, and spent the first 16 years of his career at PepsiCo, where he held various leadership roles in finance and planning.
Cidara Therapeutics, Inc. [SAN DIEGO] (NASDAQ: CDTX) announced the appointment of James (Jamie) Levine as chief financial officer. Prior to joining Cidara, Levine held senior executive and Board roles at two biotechnology companies, Sapphire Energy and Verenium Corporation. Previously, Levine was a managing director in the investment banking division of Goldman Sachs & Co. in both New York and London.
CenterPoint Energy, Inc. [HOUSTON] (NYSE: CNP) announced that following the close of the pending merger with Vectren Corporation, which is expected in the first quarter of 2019, William (Bill) D. Rogers, currently CenterPoint Energy’s executive vice president and chief financial officer, plans to retire for personal and family reasons. He will remain in his current role through the first quarter of 2019 to help ensure a seamless closing of the pending merger and transition to his successor.
Newgioco Group, Inc. [NEW YORK] (OTCQB: NWGI) announced that Elizabeth J. (Betsy) MacLean has been appointed chief financial officer (CFO) and chief compliance officer (CCO). Ms. MacLean joined Newgioco in September 2018 as Vice President Finance and Accounting. Prior to joining Newgioco, Ms. MacLean had more than 20 years of experience leading Finance teams in a variety of industries in both the United States and the United Kingdom, including serving as Global Lead for Financial Systems and Processes at Progressive Gaming International.
Digital Media Solutions [CLEARWATER, Fla.] announced Randall Koubek has been named its Chief Financial Officer. Koubek will immediately assume the CFO role from Bryan Glaus, who is retiring. Koubek has held executive level roles as CFO at Bonnier Corporation, Thompson Media Group and most recently, Spectrio.
Orchestra BioMed, Inc. [NEW HOPE, Pa.] announced that it has appointed Evan Ballantyne as its Chief Financial Officer (CFO). Prior to joining Orchestra BioMed, he most recently served as the CFO at Accera, Inc. Mr. Ballantyne previously served as Executive Vice President and CFO of Clinical Data, Inc. He was also CFO of Synthetic Biologics, Inc., and CFO at Agenus, Inc. He also served as CFO of the private medical technology companies Avedro, Inc. and ZymeQuest, Inc. Before entering the healthcare industry, Mr. Ballantyne served as CFO of Knowledge Impact, Inc., a software company whose technology was ultimately acquired by Oracle, Inc., and as COO and CFO at the ACNielsen Corporation. He also held positions in finance at IMS Health and Dun & Bradstreet Corp.
Eiger BioPharmaceuticals, Inc. [PALO ALTO, Calif.] (NASDAQ: EIGR) announced the appointment of Sri Ryali as the company’s Chief Financial Officer. Ryali was most recently at Aimmune Therapeutics, Inc., where he was Vice President of Finance. Previously, Mr. Ryali led U.S. Financial Planning and Analysis at Jazz Pharmaceuticals and was Head of Corporate Finance at Onyx Pharmaceuticals, Inc., until the company was acquired by Amgen, Inc. in 2013. Following the acquisition, Mr. Ryali continued as Head of R&D, Technical Operations, and Medical Affairs Finance at Onyx. Mr. Ryali began his career in biopharmaceutical companies at Amgen Inc., where he held positions of increasing responsibility in the finance organization. In connection with Mr. Ryali’s appointment, James Welch, Eiger’s previous Chief Financial Officer, has left the company.
Declan McCarthy
TricorBraun [ST. LOUIS] appointed Declan McCarthy as Chief Financial Officer. McCarthy joins TricorBraun from PLZ Aeroscience where he served as CFO since 2016. Declan began his career at PepsiCo and held finance leadership roles at several distribution companies, including MSC Industrial, Barnes, Phillips Pet Food, and TruckPro.
IsoRay, Inc. [RICHLAND, WASHINGTON] (NYSE American: ISR) announced that Jonathan Hunt has been named Chief Financial Officer. Before joining IsoRay, Hunt was Chief Financial Officer at Vivid Learning Systems. In addition to his prior experience at IsoRay, where he was Chief Financial Officer from 2006 to 2009, Hunt worked with Hypercom Corporation, where he served as Assistant Corporate Controller from 2005 to 2006. His financial background also includes positions as a Manager and Director of Financial Reporting and Director of Operational Planning and Analysis for ConocoPhillips and Circle K Corporation and its affiliates from 2000 to 2005 and his work for PricewaterhouseCoopers LLP from 1992 to 1999.