CFO Moves – week ending March 22, 2019

CFO Moves this week include:

e.l.f. Beauty	Clearwater Paper Corporation	Diamond S Shipping Inc.
C.H. Robinson	Akumina	Ford Motor Company
Stratifyd	Stoke Therapeutics, Inc.	Springbot
Welbilt, Inc.	Priority Power Management, LLC	Bulletproof 360 Inc.
Franklin Resources Inc.	CNO Financial Group Inc.	Lumber Liquidators Holdings Inc.
Highmark Health	Smoothie King	SigFig

Navy Capital Green Management, LLC	CV Sciences, Inc.	Image Sensing Systems, Inc.
Sienna Biopharmaceuticals, Inc.	Oxford Immunotec Global PLC	Affiliated Managers Group, Inc.
Carbon Black, Inc.	SB One Bancorp	Univest Financial Corporation
Protel Communications Group	View Inc.
Stratifyd	VAALCO Energy	BCW
Paratek Pharmaceuticals	BorgWarner	AgJunction

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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.

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e.l.f. Beauty [OAKLAND, Calif.] (NYSE: ELF) announced the appointment of Mandy Fields to the role of Senior Vice President – Chief Financial Officer, effective April 22, 2019. Fields most recently served as the Chief Financial Officer of BevMo!. Prior to joining BevMo!, Ms. Fields held progressive finance positions for the Albertsons Companies where she ultimately served as the Vice President of Finance and Analytics. Ms. Fields began her finance career at Gap, Inc. after working in investment banking at JPMorgan.

Clearwater Paper Corporation [SPOKANE, Wash.] (NYSE: CLW) announced the appointment of Robert Hrivnak as senior vice president, finance and chief financial officer, effective April 8, 2019. Mr. Hrivnak joins Clearwater Paper from Itron, Inc., where he most recently served as Itron’s chief accounting executive – vice president and corporate controller. Prior to Itron, Mr. Hrivnak held financial and accounting positions at Education Management Corp., Fluor Corp., Tyco International Ltd. and Honda Motor Co., Ltd. Mr. Hrivnak began his career as an auditor with KPMG LLP. Hrivnak succeeds John D. Hertz, who has left the company to pursue other opportunities.

Diamond S Shipping Inc. [GREENWICH, Conn.] announced that Kevin M. Kilcullen is joining the company as its Chief Financial Officer. Kilcullen comes to Diamond S from Team Tankers International Ltd., where he served as CFO for three years. Prior to that, Kilcullen was CFO at Principal Maritime LLC.

C.H. Robinson [MINNEAPOLIS] (NASDAQ: CHRW) announced that Andrew Clarke will be departing from his position as Chief Financial Officer effective March 31, 2019.

Akumina [BOSTON] announced that John DiBartolomeo has joined the company as Chief Financial Officer (CFO). Prior to joining Akumina, DiBartolomeo served as CFO for companies including Vee24, Axceler (acquired by Metalogix in 2013), AppNeta, and Softricity (acquired by Microsoft in 2006). He is also a current member of the board of directors for Nara Logics, Inc.

Tim Stone

Ford Motor Company [DEARBORN, Mich.] announced that Chief Financial Officer Bob Shanks plans to retire from the company at the end of 2019. He will be succeeded by Tim Stone, an accomplished finance executive who served 20 years at Amazon Inc., and as CFO of Snap Inc. Stone will join Ford on April 15 as a company officer and assume the role of CFO on June 1.

Stratifyd [CHARLOTTE, NC] appointed Shannon Ayers as its Chief Financial Officer. Shannon comes to Stratifyd with 18 years of experience providing financial leadership to companies such as ASC Volvo, SonaCare Medical, and most recently, PrecisionLender.

Stoke Therapeutics, Inc. [BEDFORD, Mass.] announced the appointment of Stephen J. Tulipano as chief financial officer. Prior to joining Stoke, Mr. Tulipano served as chief financial officer and treasurer of Aldeyra Therapeutics, Inc. He also spent five years as chief financial officer of Javelin Pharmaceuticals, Inc. that was acquired by Hospira, Inc. in 2010. Prior to that, Mr. Tulipano was director of corporate accounting at Biogen Inc.

Springbot [ATLANTA] announced it has named Oliver Bell to serve as the company’s Chief Financial Officer. Bell joins Springbot from Braze, where he served as senior vice president of finance and operations. Previously, he spent three years at Salesforce after the company acquired Buddy Media, where he had worked since 2011. Prior to that, he held various financial roles for Google in their New York office and was an investment banking financial analyst for Citigroup’s Global Technology Group.

Welbilt, Inc. [NEW PORT RICHEY, Fla.] (NYSE: WBT) announced that it has appointed Martin D. Agard to Executive Vice President and Chief Financial Officer effective April 8, 2019. Agard will assume the leadership of Welbilt’s finance organization from Haresh Shah, who is leaving Welbilt to pursue external opportunities. Agard has been the Chief Financial Officer of Lumber Liquidators Holdings, Inc. since September 2016. From 2013 to 2015, he served as Senior Vice President and Chief Financial Officer of Kohler Company. Prior to Kohler, he held various financial roles including Vice President and Treasurer with Georgia Pacific Corporation, since 2001. Earlier in his career, he spent time in financial roles at Homebanc Mortgage Corporation, The Eastman Kodak Company and The Proctor and Gamble Company.

Cortney Johnson

ESO [AUSTIN, Texas] announced Cortney Johnson has been named Chief Financial Officer. Prior to ESO, Johnson served as the Chief Financial Officer of All Web Leads, Inc.. Starting her career as an auditor with Ernst & Young, LLP.

Justin Courtney

Priority Power Management, LLC [MIDLAND, Texas & ARLINGTON, Texas] announced the hiring of Justin Courtney as Executive Vice President and Chief Financial Officer. Most recently, he was a Managing Director at Stephens Inc.

Bulletproof 360, Inc. [SEATTLE] announced that Cameron Kinloch was named Chief Financial Officer. Kinloch has over 15 years of experience in leadership roles at high-growth companies, including Ripple Foods, Ripple, Sunrun, Box, and Netflix. Kinloch began her career at Morgan Stanley and Goldman Sachs, where she covered numerous consumer companies.

Franklin Resources, Inc. [San Mateo, CA] [NYSE: BEN] announced the appointment of Matthew Nicholls as executive vice president and chief financial officer, effective May 6, 2019. Nicholls will succeed Ken Lewis, who will retire from the Company as CFO on May 6, 2019. Nicholls most recently was a managing director and global head, corporate and investment banking, for the asset management industry in the Financial Institutions Group at Citigroup based in New York. In his tenure at Citigroup, Nicholls also held other leadership positions within the firm’s Financial Institutions Group, including as the global corporate banking head and North America head of corporate and investment banking. His earlier experience includes work in risk and capital management, corporate finance and transaction banking. He began his career at Citigroup in 1995.

Lumber Liquidators [TOANO, Va.] (NYSE: LL) announced that its Chief Financial Officer, Martin D. Agard, will resign from the Company effective April 5, 2019 to accept a new role with a company in Florida. Mr. Agard has been the Company’s Chief Financial Officer since September 2016. Timothy J. Mulvaney, currently the Company’s Chief Accounting Officer, has been named Interim Chief Financial Officer, effective April 5, 2019. Mr. Mulvaney will continue to serve as Chief Accounting Officer. Mulvaney has been the Company’s Chief Accounting Officer since June 2017. Mulvaney served as Media General’s Controller and Chief Accounting Officer up until the effective time of the merger between Media General and Nexstar Broadcasting Group, Inc. Prior to joining Media General, Mr. Mulvaney spent six years at Ernst & Young LLP.

Saurabh Tripathi

Highmark Health [PITTSBURGH] announced that Saurabh Tripathi has been named Executive Vice President and Chief Financial Officer (CFO). Tripathi served as Senior Vice president and CFO since 2015 for Fresenius Kidney Care, Fresenius Vascular Care, National Cardiovascular Partners, Fresenius Labs, and Fresenius Physician Practices at Fresenius Medical Care in Boston, MA. Prior to Fresenius, his experience included working in various finance leadership positions at GE Healthcare, GE Capital, GE Appliances, and Procter & Gamble. Tripathi replaces Karen Hanlon as CFO and will now transition to the Executive Vice President and Chief Operating Officer (COO) role on a full-time basis, an expanded senior leadership position to which she was named in July 2018. Hanlon served as the company’s Senior Vice President, Financial Planning & Analysis from 2009 to 2014, when she assumed the role of CFO.

Smoothie King [DALLAS] named Thomas Kim as its new chief financial officer. Kim joins Smoothie King from YourCause where he served as chief financial officer. Prior to YourCause, Kim served as the chief financial officer of Working Solutions. He also served in various roles in investment banking at Citigroup and MHT Partners, and management consulting at Boston Consulting Group.

SigFig [SAN FRANCISCO] announced the appointment of Anne Morrissey to the position of Chief Financial Officer. Morrissey worked at Fitbit, LeapFrog, Yahoo! and has nearly a decade of financial services experience with JPMorgan Chase & Co. and Salomon Smith Barney.

Bitdefender [BUCHAREST, Romania and SANTA CLARA, California] appointed John Stynes as its Chief Financial Officer. Most recently, Stynes worked as Verifone CFO for Europe and Russia. Before Verifone, Stynes was deputy CFO at TT Electronics. He spent the majority of his career at Cisco, setting up Cisco Capital and Treasury, implementing SOX as their EMEA Corporate Controller and serving as CFO for their Northern European and UKI operations organizations. Former CFO Niculae Dinca will remain part of the finance management team and support Stynes during the transition.

Navy Capital [NEW YORK] recently hired Kevin McLaughlin as CFO. Mr. McLaughlin brings over 25 years of experience in CFO and CCO roles in the hedge fund industry.

Paul McDonough

CNO Financial Group, Inc. [CARMEL, Ind.] (NYSE: CNO) named Paul H. McDonough as chief financial officer, effective April 1, 2019. He succeeds Erik Helding, who is leaving his current role as of March 29, 2019 to pursue other opportunities. McDonough served as chief financial officer of OneBeacon from 2005 to 2017. McDonough previously held a variety of executive, treasury and strategic planning roles at other companies throughout his nearly 30-year career. He also proudly served as an officer in the U.S. Navy and Navy Reserves for six years.

CV Sciences, Inc. [LAS VEGAS] (OTCQB: CVSI) announced the appointment of Joerg Grasser as Chief Financial Officer. Grasser has served as Chief Accounting Officer of CV Sciences since December 2018. Prior to his role at CV Sciences, Mr. Grasser served as Controller of Ballast Point Brewing, a subsidiary of Constellation Brands, Inc. He also held senior finance positions with Sequenom, Inc. and Peregrine Semiconductor Corporation.

Image Sensing Systems, Inc. [SAINT PAUL, Minn.] (NASDAQ: ISNS) announced that Todd Slawson has resigned as its Interim Chief Financial Officer to accept a position at another company. The Board of Directors has appointed Ted Johnson as Interim Chief Financial Officer. Johnson most recently served as the International Finance Director of Textron Specialized Vehicles from March 2017 until February 2019. From March 2011 to March 2017, he was the International Finance Director of Arctic Cat Inc. Before his time at Arctic Cat Inc., he held various Chief Financial Officer and finance positions with AGA Medical Corporation, Element 5 AG, and Black & Decker.

Sienna Biopharmaceuticals, Inc. [WESTLAKE VILLAGE, Calif.] (NAQSDAQ: SNNA) announced the promotion of Alexander Azoy to Chief Financial Officer (CFO). Azoy, who has served as Sienna’s Corporate Controller since December 2017, will succeed John W. Smither, who has resigned for personal reasons, effective April 1, 2019. Azoy was previously the Vice President of Accounting for Smart & Final, from January 2016 to November 2017. Azoy was the Corporate Controller for Kythera Biopharmaceuticals from March 2015 until December 2015, after it was acquired by Allergan plc. From June 2013 to March 2015, Mr. Azoy served as Director, Finance Business Strategy for Warner Bros. Entertainment.

Oxford Immunotec Global PLC [OXFORD, United Kingdom and MARLBOROUGH, Mass.] (NASDAQ: OXFD) announced that Richard Altieri, the Company’s Chief Financial Officer (CFO), will retire on April 30, 2019. The Company has appointed Matthew McLaughlin, currently Chief Financial Officer, GE Healthcare – U.S. and Canada, as his successor. McLaughlin will join Oxford Immunotec as CFO on April 8, 2019. McLaughlin has been the CFO of GE Healthcare – U.S. and Canada since December 2016. Prior to that, Mr. McLaughlin worked at GE Aviation, serving as Chief Financial Officer of Global Supply Chain from May 2014 to December 2016, Chief Financial Officer of GE Avionics from March 2012 to April 2014 and Executive – Financial Planning and Analysis from 2009 to February 2012. Before that Mr. McLaughlin worked for General Electric as a member of the corporate audit staff, holding various positions and ultimately leading global audit coverage of three GE businesses, including GE Aviation.

Affiliated Managers Group, Inc. [WEST PALM BEACH, Fla.] (NYSE: AMG) announced the appointment of Thomas M. Wojcik as its next Chief Financial Officer. Jay C. Horgen, President and Chief Financial Officer, will serve as CFO until no later than the announcement of AMG’s earnings for the second quarter of 2019, and will continue in his role as President of the Company thereafter. Mr. Wojcik will join AMG on April 22, 2019, as Executive Vice President, Finance. Wojcik joins AMG from BlackRock, Inc., where he most recently served as Managing Director and Chief Financial Officer for Europe, Middle East, and Africa (EMEA), Head of EMEA Strategy, and Global Head of Investor Relations. Before joining BlackRock in 2012, Mr. Wojcik was responsible for coverage of the financial services sector at Hunter Global Investors. Prior to that, he was an investor at Durham Asset Management, and at Nautic Partners. Mr. Wojcik began his career as an investment banker in the Financial Institutions Group at Merrill Lynch & Co.

Carbon Black [WALTHAM, Mass.] (NASDAQ: CBLK) announced that Steve Webber has been appointed Chief Financial Officer (CFO). Webber joins Carbon Black from BackOffice Associates, where he served as Chief Operating Officer (COO) and CFO. Prior to BackOffice Associates, he was the CFO at Cynosure. He spent 19 years at EMC Corporation and was promoted to leadership positions of increasing responsibility, including corporate finance, international finance and business partner roles supporting the Enterprise Software Division and Global Enterprise Services. In his last role at EMC, prior to its acquisition by Dell, Webber was Senior Vice President and CFO of Virtustream.

SB One Bank [ROCKAWAY, N.J] announced the appointment of Adriano Duarte to Executive Vice President and Chief Financial Officer (CFO). Mr. Duarte succeeds former CFO Steven Fusco. Prior to his appointment, he served as Senior Vice President and Assistant Financial Officer at SB One Bank. Before joining SB One Bank, Duarte was a Vice President and Financial Reporting Manager at Investors Bank.

Univest Financial Corporation [SOUDERTON, Pa.] (NASDAQ: UVSP), parent company of Univest Bank and Trust Co. and its insurance, investments and equipment financing subsidiaries, announced the retirement of Roger S. Deacon, effective June 30, 2019. Mr. Deacon has served as Senior Executive Vice President and Chief Financial Officer since July 1, 2016, when the Corporation acquired Fox Chase Bancorp, Inc. where he served as Chief Financial Officer for nine years. Brian J. Richardson, Executive Vice President and Director of Finance of the Corporation, will assume the position of Chief Financial Officer, effective July 1, 2019. Mr. Richardson also joined the Corporation on July 1, 2016, at the time of the Fox Chase Bancorp, Inc. acquisition, where he served as Senior Vice President and Director of Accounting for five years. Mr. Richardson began his career at KPMG LLP, where he served as a Senior Manager in their Financial Services Audit Practice.

Protel Communications Inc. [SAN DIEGO] announced David Krietzberg as its new chief Financial Officer. Krietzberg began his telecommunication career with Isoetec and Executone, and has since served as CFO for companies such as Inter-Tel Technologies, Mitel US, Crexendo, and, most recently, Vertical Communications. More recently, Krietzberg was CFO of Fulton Communications.

View, Inc. [MILPITAS, CALIF.] announced the appointment of Vidul Prakash as Chief Financial Officer (CFO). Most recently, he was CFO of SunPower Technologies, a division of SunPower Corporation. Prior to SunPower, Prakash worked at Force10 Networks, KPMG, Deloitte, New View Technologies, and Honeywell.

VAALCO Energy, Inc. [HOUSTON] (NYSE: EGY) announced that Phil Patman, VAALCO’s Chief Financial Officer, has elected to resign from the Company, effective March 31, 2019, to pursue other interests. Elizabeth Prochnow, the Company’s Chief Accounting Officer, has been appointed by the Board to the role of Chief Financial Officer effective April 1, 2019. Prochnow has served as VAALCO’s Chief Accounting Officer since joining the Company in March 2015. Ms. Prochnow has held a variety of senior finance leadership positions including Executive Vice President, Chief Financial Officer of Sterling Construction Company, Inc., and Vice President, Finance and Chief Financial Officer of Bristow Group Inc. Ms. Prochnow began her career as a public accountant at Arthur Andersen LLP in 1981.

BCW (Burson Cohn & Wolfe) [NEW YORK] announced that Mark Thorne has been appointed Global Chief Financial Officer and Chief Operating Officer. Thorne replaces Pat Przybyski, formerly Global Chief Financial Officer. Thorne spent the past 20 plus years with Hill+Knowlton Strategies in a range of leadership roles, most recently serving as Global Chief Financial Officer and Global Chief Operating Officer. Prior to that, Thorne was Executive Vice President and Chief Financial Officer, North America, for WPP, and before that he was Senior Vice President and Chief Financial Officer at Beatrice International Food Company. He began his career at Deloitte & Touche (now Deloitte).

Paratek Pharmaceuticals, Inc. [BOSTON] (NASDAQ: PRTK) announced that Douglas Pagán, Chief Financial Officer, has resigned, effective April 5, 2019, to join an early-stage biopharmaceutical company. Mr. Pagán has entered into a consulting agreement with Paratek through December 23, 2019 to assist the Company in the orderly transition of his Chief Financial Officer responsibilities. The Company also announced that Sarah Higgins, Paratek’s Vice President and Controller, will serve as the Company’s Principal Financial Officer and Principal Accounting Officer on an interim basis,

BorgWarner [AUBURN HILLS, Mich.] announced the appointment of Kevin A. Nowlan to executive vice president and chief financial officer (CFO), effective April 1, 2019. Nowlan comes to BorgWarner from Meritor, Inc. While there, he served as the Senior Vice President and CFO since 2013 and was given the additional responsibility of President of the Trailer and Components businesses in 2018. Mr. Nowlan’s career history spans a number of executive and financial leadership roles with Meritor including Controller, Treasurer and Vice President, Shared Services. Before joining Meritor in 2007, Nowlan worked for GMAC and the General Motors’ Treasurer’s Office for 12 years in a variety of roles.

AgJunction Inc. [SCOTTSDALE, AZ] (TSX: AJX) announced a CFO transition plan following the resignation of current CFO Mike Manning, who has made the decision not to relocate to the Company’s new Scottsdale, Arizona headquarters. Manning will work part-time for AgJunction effective March 29th to assist in a transition period through the Company’s annual general meeting on May 10th. The Company intends to appoint an interim CFO while it conducts a search for a permanent CFO in the greater Scottsdale, Arizona area.