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CFO Moves – week ending June 7, 2019

CFO Moves this week include:

Bristol-Myers Squibb Co. Ducommun Inc. Horizon Global Corporation
Discover Financial Services Clearwater Analytics Outset Medical
Progenity, Inc. BigTime Software, Inc. Kount
CareCloud Sigilon Therapeutics Synovus Financial Corp.
QBE North America Hilco Global Ideal Image MedSpa
The Chemours Company Farmers Insurance Timbers Resorts
ApprioHealth Account Control Technology Holdings Inc. Excel Orthopedic Physical Therapy
Hireology Eisai Inc. Telestax
The Greenbrier Companies Cornerstone Building Brands, Inc. Sun Basket
Shopoff Realty Investments Amyris, Inc. Dixie Brands Inc.
SurveyMonkey

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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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Bristol-Myers Squibb Company (NYSE: BMY) announced that upon completion of the company’s pending merger with Celgene Corporation (NASDAQ: CELG), David Elkins, who is currently the Chief Financial Officer of Celgene, will be appointed the company’s Executive Vice President and Chief Financial Officer. Elkins has a long career in finance, including roles of increasing responsibility at Johnson & Johnson and AstraZeneca and as the Chief Financial Officer of Becton Dickinson. Upon appointment, Elkins will be replacing current CFO, Charles Bancroft who will continue with the company as Executive Lead for Integration, until he retires from the company during 2020 after 35 years of service.

Ducommun Inc. [Santa Ana, California] announced that Douglas L. Groves departed the Company and ceased to serve as Vice President, Chief Financial Officer and Treasurer. In connection with Mr. Groves’ departure, Christopher Wampler, who currently serves as Vice President, Controller and Chief Accounting Officer of the Company, was appointed as the Company’s Interim Chief Financial Officer and Interim Treasurer. Wampler has served as the Company’s Vice President, Controller and Chief Accounting Officer since 2016. Wampler was Vice President and Assistant Controller for several of the Company’s subsidiaries from 2013 to 2015. Wampler was previously the Controller of Just Fabulous, Inc., from 2012 to 2013, and the Division Controller of the A.O. Smith Electrical Products Co. from 2004 to 2012. In addition to serving as interim Chief Financial Officer and Treasurer, Mr. Wampler will continue to serve as Vice President, Controller and Chief Accounting Officer.

Horizon Global Corporation [TROY, MI] (NYSE: HZN) announced it has named Jamie G. Pierson as Chief Financial Officer, effective June 10, 2019. Prior to joining Horizon Global, Pierson served as CFO of PrimeSource Building Products, Inc. Prior to that, he was CFO of YRC Worldwide Inc. Prior to joining YRC Worldwide, he served as Managing Director at Alvarez & Marsal. The Company also announced that Barry Steele, who had been serving as CFO for Horizon Global since February 18, 2019, will be leaving the Company for personal reasons.

Discover Financial Services [RIVERWOODS, IL] (NYSE: DFS) announced that R. Mark Graf, executive vice president and chief financial officer, has informed the company of his intent to retire in 2020. Graf will remain in his current role until a successor is appointed.  to ensure that management and the Board of Directors have the appropriate time to evaluate a full slate of candidates for the company’s next CFO. Graf will participate in the process and will remain an employee of the company until early 2020 to ensure a smooth transition for this critical role.

Clearwater Analytics [BOISE, ID] announced today that Jim Cox has joined as Chief Financial Officer to oversee the company’s global financial operations. Previously, he served as CFO of Glassdoor. Prior to Glassdoor, Jim served as CFO at Lithium Technologies and Advent Software. Earlier in his career, Jim held management positions at the multinational firms UTStarcom and PricewaterhouseCoopers in Ohio, California, and New Zealand.

Outset Medical [SAN JOSE, CA] announced the appointment of Rebecca Chambers as Chief Financial Officer. Chambers joins Outset from Illumina, where she led numerous financial functions including treasury, clinical financial planning and analysis and investor relations (IR). Prior to Illumina, she led IR and corporate communications at Myriad Genetics, as well as various roles at Life Technologies, now part of Thermo Fisher Scientific, Bank of America Merrill Lynch, and Millennium Pharmaceuticals, now Takeda Pharmaceuticals. “

Progenity, Inc. [SAN DIEGO] announced the hire of Eric d’Esparbes as Senior Vice President and Chief Financial Officer (CFO). Most recently, he was the CFO and interim Principal Executive Officer of Innoviva, Inc. Prior to this, he held leadership positions as CFO for Joule Unlimited, Vice President of Finance for global energy company, AEI, Inc., and CFO for Meiya Power Company (now CNG New Energy).

BigTime Software, Inc. [CHICAGO & BOSTON,] announced the addition of Peter Dedes as Chief Financial Officer. Prior to joining Big Time, Dedes was the Chief Financial Officer at Hireology.

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Scott Klossner

Kount [BOISE, ID] announced that Scott Klossner has been appointed as Chief Financial Officer. Previously, Klossner served as CFO for Backcountry.com.

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Noel Marsden

CareCloud [MIAMI] announced the appointment of Noel Marsden as Chief Financial Officer. Before joining CareCloud, Marsden was SVP, Treasurer & Head of Finance for Logic, Halo and Flex Services at Brightstar Corp. Prior to Brightstar, he held executive roles in finance and treasury at Syneos Health Clinical Solutions, Brightpoint and Aearo Technologies.

Sigilon Therapeutics [CAMBRIDGE, MA] announced the hiring of Glenn Reicin as Chief Financial Officer. Reicin previously served as President and Founder of Greyrock Biomedical Advisors. Prior to Greyrock, Mr. Reicin was a Managing Director at Skyline Ventures. Reicin also worked as Managing Director at Morgan Stanley, heading their Healthcare Equity Research team.

Synovus Financial Corp. [COLUMBUS, GA] (NYSE: SNV) announced the appointment of Jamie Gregory as executive vice president and chief financial officer (CFO), effective June 24. He currently serves as executive vice president and head of corporate financial strategy for Regions Financial Corporation. Gregory succeeds Kevin Blair, who has served as acting CFO since December 2018, when he was appointed chief operating officer of Synovus. Gregory joined Regions in 2009 and served as chief investment officer, assistant treasurer, head of corporate development and profitability, and head of finance and corporate development before being named head of corporate financial strategy earlier this year. Before joining Regions, Gregory was with Wachovia for 10 years, where he held a number of corporate investment and portfolio management positions.

QBE North America [NEW YORK] announced the appointment of Kris Hill as President, Alternative Markets, effective immediately. Hill joined QBE in January 2017 as Chief Financial Officer. Christopher McGrath, Senior Vice President, Financial Planning and Analysis will serve as interim Chief Financial Officer. Prior to joining QBE, McGrath most recently served as Director of Finance for Multinational and Commercial Claims/Operations at AIG after having served as the Global CFO for AIG’s Specialty business worldwide. Before that, he served in various finance leadership roles of increasing responsibility at AIG as well as Aon, Deloitte & Touche and Arthur Andersen.

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Ernie Fiorante

Hilco Global [NORTHBROOK, IL] announced that Ernest (Ernie) M. Fiorante has been appointed the new Chief Financial Officer.  Fiorante will be taking over this role from John Chen, who has been managing these duties in addition to his responsibilities as Chief Operating Officer. Since 2016, Fiorante served as Chief Financial Officer at The Inland Real Estate Group LLC. Prior to joining Inland, Mr. Fiorante spent over 20 years holding positions of increasing responsibility at Jones Lang Lasalle Inc., and ultimately serving as JLL’s CFO for the Americas.

Ideal Image MedSpa [TAMPA, FL] announced that Adam Greenberg joined the company as Chief Financial Officer (CFO). Greenberg comes to Ideal Image from Weight Watchers International, where he was the Senior Vice President, Head of US Finance and North America Supply Chain.

The Chemours Company [WILMINGTON, DE] (NYSE: CC) announced the promotion of Mark Newman to the newly created role of chief operating officer. Newman previously served as the company’s chief financial officer. Vice president of business finance and treasurer Sameer Ralhan has been promoted to the position of senior vice president, chief financial officer and treasurer.  Ralhan joined Chemours in November 2014 from Goldman Sachs & Co. where he was a managing director in the Global Natural Resources Group.  He began his career as a chemical engineer and brings chemical industry operating experience from his time at Aspen Technology, Inc.

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Thomas Noh

Farmers Insurance [WOODLAND HILLS, CA] announced Thomas Noh, who joined Farmers in 1996, as the new chief financial officer of the Farmers Insurance Exchanges, three reciprocal insurers (Farmers Insurance Exchange, Fire Insurance Exchange and Truck Insurance Exchange) owned by their policyholders. Noh is replacing Ron Myhan who is retiring after nearly 40 years of service with Farmers.  Noh has held a number of positions in Finance, having started as a specialist in the accounting department. His most recent position was head of Claims Analytics and Exchange Finance Strategy. Prior to joining Farmers, he worked at Executive Life, Transamerica and Allianz. Noh also served in the United States Army Reserve, retiring as a Lieutenant Colonel, after 24 years as a finance and civil affairs officer.

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Sean McLaughlin

Timbers Resorts [WINTER PARK, FL] announced the appointment of Sean McLaughlin as the company’s new Chief Financial Officer. He joins Timbers Resorts from SunGate Capital, LLC, a single-family private equity and investment office where he served as the Chief Investment Officer.  Prior to SunGate Capital, McLaughlin served for ten years as the Chief Investment Officer at CNL Holdings, LLC. In addition to his role at CNL, Mr. McLaughlin simultaneously served the company’s founder in overseeing the activities of JDS Holdings, his private family office. Prior to joining CNL, Mr. McLaughlin served as a Principal for Lockheed Martin Corporation. Before moving to Florida, Sean served as a Global Director for A.T. Kearney, and as the chief financial officer for ActiveSky. Sean started his career at PricewaterhouseCoopers.

ApprioHealth [WASHINGTON] announced the appointment of Dinesh Pai as chief financial officer (CFO). Pai most recently served as vice president of finance for Bon Secours Medical Group Virginia. His vast professional experience includes financial leadership positions at Novant Health, Lehigh Valley Physician Group (LVPG) and other organizations.

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Matthew Stauffer

Account Control Technology Holdings Inc. [WOODLAND HILLS, CA] announced the promotion of Matthew Stauffer to Chief Financial Officer (CFO). Stauffer’s career spans more than 25 years, including the last 20 years in financial leadership positions within Convergent’s (an ACT Holdings company) healthcare division. Stauffer joined Convergent in 1999 as Controller over the Peoria, IL, healthcare office. In 2005, Matt was promoted to Director of Finance. Matt was then promoted to SVP Finance and Strategy in 2016.

Excel Orthopedic Physical Therapy [HACKENSACK, NJ] announced that George Merhi has joined the organization as its Chief Financial Officer. Merhi most recently served as chief financial officer for a company providing patient care in the behavioral health industry. Prior to that, he was chief financial officer for a company providing outpatient physical therapy.

Hireology [CHICAGO] announced it has appointed Kevin Knapp as Chief Financial Officer. Knapp previously served as Chief Financial Officer at CareerBuilder LLC for 14 years during which time he also added the Chief Operating Officer title for the final two years. Prior to joining CareerBuilder, Knapp was part of the original leadership team that launched Cars.com, and served as its Vice President of Strategy and Operations. Knapp began his career with KPMG.

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Patrick Coyle

Eisai Inc. [WOODCLIFF LAKE, N.J.], the U.S. pharmaceutical subsidiary of Eisai Co., Ltd., announced the appointment of Patrick Coyle as Vice President and Chief Financial Officer (CFO). Before joining Eisai, he served as Vice President, Financial Planning and Analysis at INSMED Inc. Previously, he held positions of increasing responsibility in the Finance departments at Novartis, Bayer HealthCare Pharmaceuticals, Sun Chemical and Computer Horizons Corporation.

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Patrick Bonnaure

Telestax [AUSTIN, Texas] announced that Patrick Bonnaure has joined the company as Chief Financial Officer.  Bonnaure brings nearly 20 years of experience in financial operations and leadership for SaaS companies, including TrustRadius

The Greenbrier Companies, Inc. [LAKE OSWEGO, Ore.] (NYSE: GBX) announced that its Senior Vice President and Acting Chief Financial Officer, Adrian Downes, has been appointed Chief Financial Officer.  Before joining Greenbrier in 2013 as its Chief Accounting Officer, he was Executive Vice President and Chief Financial Officer for Knowledge Universe.  Downes previously held various senior financial executive positions of progressively increasing responsibility for Fortune 200 publicly held organizations including SUPERVALU, Albertson’s, Gap, Inc. and Pacific Telesis.  He began his career in public accounting at PricewaterhouseCoopers.

Cornerstone Building Brands, Inc. [CARY, N.C.] (the “Company”) (NYSE: CNR) announced that it appointed Jeffrey S. Lee as Executive Vice President and Chief Financial Officer, effective June 17, 2019. Lee will assume the role from Executive Vice President and Chief Financial Officer Shawn K. Poe, who announced his retirement earlier this year. Mr. Lee currently holds the position of Vice President and Chief Financial Officer of Wilsonart International Holdings LLC.

Sun Basket [SAN FRANCISCO] announced the hire of Chief Financial Officer (CFO), Marc FriendMost recently, Friend was the Chief Financial Officer of PubNub. Before his time at PubNub, Marc was the Chief Operating Officer at Initio. Before his operating roles, Marc was a General Partner at Summit Partners, where Marc led their venture investing practice. Prior to Summit, Marc was a General Partner at US Venture Partners.

Shopoff Realty Investments [IRVINE, Calif.] announced that the company has appointed Edward Morrell as its new chief financial officer. Morrell joined Shopoff Realty Investments in August 2016 and has served as the company’s vice president of financial reporting. Prior to joining Shopoff in 2016, he most recently served as controller for Kairos Investment Management. Previous to this position, Morrell served as controller for LBA Realty.

Amyris, Inc. [EMERYVILLE, Calif.] (NASDAQ: AMRS) announced the appointment of Kathleen Valiasek, formerly Chief Financial Officer, to Chief Business Officer. The company also announced today that it has appointed Jonathan Wolter as Interim CFO. Since 2004 Wolter has served as a partner with FLG Partners where he has been retained as CFO by the boards of multiple public and private companies. Prior to joining FLG, Wolter was International Controller with KPMG Consulting where he also served as CFO of the firm’s Latin America operations. Previously, he held CFO and controller roles with public and private companies and also served as senior audit manager with Arthur Andersen & Co.

Dixie Brands Inc. [DENVER] (CSE: DIXI.U, OTC: DXBRF) announced that Greg Robbins will join the Company as Chief Financial Officer effective June 24th. Mr. Robbins most recently served as Vice President of Finance at the U.S. headquarters of leading energy drinks manufacturer Red Bull.  He held increasingly senior financial management roles at Red Bull North America for more than a decade, culminating in the VP Finance position from 2013-2019. From 2000-2008, Robbins held several financial management positions at multinational communications company Nokia Mobile Phones, including Global Controller, Enterprise Solutions Sales and Marketing. He spent the first six years of his career with Ernst & Young LLP. James Feehan, who has served as Dixie’s Interim CFO since September 2018, will remain with the Company to facilitate an orderly transition.

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Debbie Clifford

SurveyMonkey [SAN MATEO, Calif.] (NASDAQ: SVMK) announced that Debbie Clifford will join its leadership team on July 8 as chief financial officer.  Clifford spent the past 13 years in several finance positions at design software company Autodesk, most recently serving as vice president of financial planning and analysis. Prior to Autodesk, she held positions at Virage, Inc. and Ernst & Young. Clifford serves on the boards of Harmonic, and GeoHazards International.


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