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CFO Moves – week ending August 30, 2019

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CFO Moves this week include:

Campbell Soup Company MONAT Global CoolSys
GTT Communications, Inc. Sesen Bio Caliber Collision
Imperial Bag & Paper Co LLC Cred Adtalem Global Education Inc.
Severn Bancorp, Inc. Spelman College Norfolk Southern Corporation
Orbis International NN, Inc. Standex International Corporation
Crown Bank Triton Pacific Children’s Minnesota
Arcadia Biosciences Catalyst Biosciences, Inc. SP Plus Corporation
Reata Pharmaceuticals, Inc. Scholar Rock Fox Factory Holding Corp.
Internap Corporation Schmitt Industries, Inc. Independent Bank Corporation
Midland States Bancorp, Inc. Roll-Kraft Dovel Technologies
Infor Sahl Communications Inc. ATL Technology

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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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Mick Beekhuizen

Campbell Soup Company [CAMDEN, NJ] (NYSE: CPB) appointed Mick Beekhuizen as Senior Vice President and Chief Financial Officer, effective Sept. 30, 2019. He succeeds Anthony DiSilvestro, who is leaving Campbell on Oct. 15, 2019 to pursue other interests. Beekhuizen, 43, was Executive Vice President and Chief Financial Officer at Chobani since 2016. Prior to Chobani, he was Executive Vice President and Chief Financial Officer for Education Management Corporation, and a Managing Director at Goldman Sachs in the merchant banking division.

Marc Juan Lopez

MONAT Global [MIAMI] welcomes Marc Juan Lopez as Chief Financial Officer (CFO). Prior to joining MONAT, Lopez served as Mondelez International’s Latin America Division in Miami as Regional Finance Director where he was responsible for Mondelez Latin America’s accounting and external reporting. He started his professional career with KPMG in Spain and later moved to the UK.

Ed Dunlap

CoolSys [BREA, CA] announced that Ed Dunlap is joining the company as its new chief financial officer (CFO). Most recently, Dunlap was chief financial officer for Trojan Battery Company. He also previously held leadership roles with GAP Inc., RJR Nabisco, Pepsico and B.F. Goodrich. Dunlap succeeds former CFO Andy Mandell, who will be retiring at the end of September after serving the company for three and a half years.

GTT Communications, Inc. [MCLEAN, VA] (NYSE: GTT) announced that Mike Sicoli, GTT’s chief financial officer, will depart the company on September 30, 2019. GTT has named Dan Fraser as the interim chief financial officer, effective upon Mr. Sicoli’s departure. Mr. Fraser currently serves as GTT’s senior vice president, principal accounting officer and global corporate controller, and brings more than 20 years of industry experience to the role, including over five years at GTT.

Sesen Bio [CAMBRIDGE, MA] (NASDAQ: SESN) announced the appointment of Monica Forbes as its Chief Financial Officer. Forbes will succeed Richard F. Fitzgerald. Forbes previously served as the Company’s Vice President of Finance.

Caliber Collision [LEWISVILLE, TX] announced the appointment of Judd Nystrom as Chief Financial Officer to replace Bob Gary. Nystrom comes to Caliber from NBG Home. Previously, Nystrom was CFO of At Home. Mr. Nystrom’s past roles have also included senior financial positions at Advance Auto Parts and Best Buy. Judd serves as a Board member for Melissa & Doug.

Imperial Bag & Paper Co LLC [JERSEY CITY, NJ] announced their Chief Financial Officer, Marc Mongulla, will be leaving the company to pursue a new opportunity. Paul M. Cervino, Imperial’s former Chief Financial Officer and current Chief Administrative Officer, will temporarily re-assume the role of CFO.

Cred [SAN FRANCISCO] announced that Joe Podulka, joined as Chief Financial Officer. Podulka was CFO, VP Finance at Hearst Communications. Joe also spent 11 years at eBay/PayPal in a variety of roles in the US and abroad.

Adtalem Global Education Inc. [CHICAGO] (NYSE: ATGE) announced that Mike Randolfi has been appointed senior vice president and chief financial officer (CFO), succeeding Patrick Unzicker. Randolfi was most recently CFO at Groupon. Prior to his role as CFO at Groupon, Randolfi served as CFO of Orbitz. Prior to Orbitz, Randolfi spent 14 years with Delta Air Lines in a variety of executive financial roles culminating in senior vice president, controller.

Severn Bancorp, Inc. [ANNAPOLIS, MD] and its subsidiary, Severn Bank appointed Vance W. Adkins, Executive Vice President and Chief Financial Officer of the Company and the Bank effective September 16, 2019. From 2016 until the completion of its merger in April 2019, Adkins served as Chief Financial Officer of HomeTown Bankshares Corporation and its banking subsidiary, HomeTown Bank. Before serving as Chief Financial Officer he held the position of Senior Risk Officer of HomeTown Bank from 2010 until 2016.

Spelman College [ATLANTA] annoucned that Dawn Alston, who has had a 20-year career at Spelman, has been appointed chief financial officer and vice president for business and financial affairs. She will succeed Robert “Danny” Flanigan Jr. Flanigan will continue in his role as treasurer and assume the title of chief investment officer.

Mark George

Norfolk Southern [NORFOLK, Va.] (NYSE: NSC) announced that Mark George has been appointed executive vice president and chief financial officer, effective Nov. 1. George succeeds Cynthia “Cindy” Earhart, who will retire from the company on Nov. 1. George joins Norfolk Southern with more than 30 years of experience across multiple commercial business segments of United Technologies Corporation, including as vice president finance and chief financial officer for the past 11 years at Otis Elevator Company and, most recently, Carrier Corporation.

Danusia Dzierzbinski

Orbis International [NEW YORK] announced the appointment of Danusia Dzierzbinski as Chief Financial Officer. Dzierzbinski joins from the International Rescue Committee, where she most recently served as Deputy Chief Financial Officer, following serving as Controller from 2006 to 2016. Previously, she was the Associate Director for Financial Planning & Analysis and Acting Internal Audit Director at Save the Children US. She began her career at KPMG LLP. Dzierzbinski will assume the responsibilities of outgoing Chief Financial and Administrative Officer Thomas J. Hill, who retires at the end of August. Dzierzbinski’s appointment is effective September 16, 2019.

NN, Inc. [CHARLOTTE, NC] (NASDAQ: NNBR) announced the appointment of Thomas DeByle as the Company’s Senior Vice President and Chief Financial Officer, which is anticipated to be effective on or before September 23, 2019. DeByle most recently served as Vice President, Chief Financial Officer and Treasurer of Standex International Corporation. Prior to that, he held various finance and leadership roles at leading industrial manufacturer Ingersoll-Rand as well as at Actuant Corporation and Johnson Controls.

Standex International Corporation [SALEM, NH] (NYSE: SXI) announced that Chief Financial Officer Thomas DeByle will be leaving the company to pursue a new opportunity. Standex recently announced the promotion of DeByle to COO and named Ademir Sarcevic to replace him as CFO effective September 9, 2019.

Paul Moen

Crown Bank [EDINA, Minn.] announced the addition of Paul Moen to the position of Chief Financial Officer. Moen has served as CFO at several major financial institutions and community banks throughout the Midwest.

Triton Pacific [LOS ANGELES] announced that Jill Tregillis has joined its back office operations center, TFA Associates, LLC, as chief financial officer. Tregillis joins Triton Pacific from PricewaterhouseCoopers LLP, where she spent nearly 25 years, the last twelve as a partner with the firm.

Children’s Minnesota [MINNEAPOLIS] announced the appointment of Brenda McCormick as chief financial officer and senior vice president of finance. McCormick joins Children’s from Smiths Medical, where she was CFO and senior vice president of finance. Prior to Smiths, McCormick served as the vice president, corporate controller and principal accounting officer at Valspar.

Arcadia Biosciences [DAVIS, CA] (NASDAQ: RKDA) announced that Pam Haley has been appointed Arcadia’s new chief financial officer, replacing Matthew Plavan who has been promoted to CEO. Haley joined Arcadia as accounting manager in 2005 and has held several key positions, most recently controller. Haley brings more than 25 years of financial and accounting experience and previously worked in the telecommunications and semiconductor industries, in addition to public accounting, prior to joining Arcadia.

Catalyst Biosciences, Inc. [SOUTH SAN FRANCISCO, CA] (NASDAQ: CBIO) announced that its chief financial officer, Fletcher Payne, will be stepping down from the Company to pursue another opportunity.

SP Plus Corporation [CHICAGO] (NASDAQ: SP) announced the appointment of Kristopher Roy as Chief Financial Officer (CFO). Roy, who has been serving as interim CFO since April 2019, will continue as principal financial officer for the Company. Mr. Roy joined the Company as Vice President, Assistant Controller in 2013, and has served as Senior Vice President, Corporate Controller since his promotion in 2015. Prior to joining the Company, Mr. Roy served as the Global Director of Accounting, Consolidation and Financial Systems at CNH Industrial N.V and prior to that role, he worked at Ernst & Young.

Reata Pharmaceuticals, Inc. [IRVING, TX] (NASDAQ: RETA) announced the appointment of Manmeet S. Soni as Chief Financial Officer (CFO) and Executive Vice President. Jason D. Wilson, who has been with Reata since 2006 and served as CFO, will assume a new role as Executive Vice President of Operations. Most recently, Soni served as the CFO of Alnylam Pharmaceuticals.  Prior to Alnylam, Mr. Soni served as the CFO at ARIAD Pharmaceuticals. Before joining ARIAD, Mr. Soni served as CFO at Pharmacyclics. Mr. Soni is currently a board member at Pulse Biosciences and Arena Pharmaceuticals.

Scholar Rock [CAMBRIDGE, MA] (NASDAQ: SRRK) announced that its Chief Financial Officer, Rhonda Chicko, will be leaving the Company to pursue other opportunities.

Fox Factory Holding Corp. [BRASELTON, GA] (NASDAQ: FOXF) announced that after more than 10 years with the Company, Zvi Glasman will leave his role as Chief Financial Officer (“CFO”), to pursue other interests, effective on November 1, 2019.

Internap Corporation [RESTON, VA] (NASDAQ: INAP) announced that Michael T. Sicoli has been named President and Chief Financial Officer, effective October 1, 2019. As previously announced, Jim Keeley, INAP’s current CFO, will depart the company. Sicoli most recently served as Chief Financial Officer of GTT Communications Inc. Prior to joining GTT in April 2015, he served as principal of MTS Advisors, a consulting and advisory services firm he founded in 2013. From 2010 to 2013, he served as Chief Executive Officer of Sidera Networks. From 2005-2010, Mr. Sicoli served as Chief Financial Officer of RCN Corporation.  Prior to that, Mr. Sicoli held various positions at Nextel Communications, Deloitte Consulting, and Accenture. Mr. Sicoli recently served as a director of Lumos Networks.

Schmitt Industries, Inc. [PORTLAND, OR] (NASDAQ: SMIT) announced that Ann M. Ferguson submitted her letter of resignation as Chief Financial Officer of the Company, effective November 30, 2019.

Independent Bank Corporation [GRAND RAPIDS, MI] (NASDAQ: IBCP), the holding company of Independent Bank, announced that Stephen Erickson has been hired as the organization’s new Chief Financial Officer, commencing Feb. 1, 2020. Previously, IBCP announced that Robert Shuster, the current Executive Vice President and Chief Financial Officer of the Corporation and the Bank, had notified the organization of his intention to retire on Jan. 31, 2020.  Beginning on Sept. 23, 2019, Mr. Erickson will serve the organization as its Executive Vice President and Treasurer and will succeed Shuster following his retirement on Jan. 31, 2020. Since Mar. 2018, Erickson has served as the Chief Financial Officer of Midland States Bancorp, Inc. (“Midland”).  He joined Midland in 2012 in connection with its acquisition of EnablePay Direct, Inc., a New York based merchant services company of which he was co-founder and President. Prior to becoming the Chief Financial Officer, Mr. Erickson served as Midland’s Director of Mergers and Acquisitions from 2015 to 2018, and as President of Midland’s Merchant Services division from 2012 to 2015. Before founding EnablePay Direct, Inc., Mr. Erickson served as Chief Financial Officer of EVO Merchant Services, Inc., He also held the positions of Vice President of Investment Banking – Financial Services, at Bear Stearns & Co. (1999 to 2003), Senior Accounting Officer at Goldman Sachs & Co. (1995 to 1997), and Senior Associate at Coopers & Lybrand, LLP where he began his career in 1993.

Midland States Bancorp, Inc. [EFFINGHAM, IL] (NASDAQ: MSBI) announced that Stephen A. Erickson, Chief Financial Officer, has resigned from the Company and Midland States Bank in order to accept a position with another financial institution based in Michigan. The Company also announced that Donald Spring, Corporate Controller for the Company and Midland States Bank, has been promoted to Chief Accounting Officer, and will lead the Company’s finance department on an interim basis. Mr. Spring has more than 35 years of accounting experience and has served as Midland’s Corporate Controller since 2009.

Jacqueline Kato

Roll-Kraft [MENTOR, OHIO] announced that Jacqueline Kato has joined the organization as Chief Financial Officer. Kato comes to Roll-Kraft from Concord Biosciences where she was the Director of Finance and Administration.

Dovel Technologies [MCLEAN, VA] announced Barry Broadus will join as the company’s newly-appointed Chief Financial Officer (CFO). Broadus was most recently CFO with SRI International. He also served in the CFO role for Alion Science and Technology.

Infor [NEW YORK] announced that Kevin Samuelson, who has served as Infor’s CFO, has been named Chief Executive Officer. Jay Hopkins has been promoted from Chief Accounting Officer to CFO.

John Zaun

Sahl Communications Inc. [BETHLEHEM, PA] announced that John Zaun has joined the firm as Chief Financial Officer.

ATL Technology [SPRINGVILLE, UT] announced it has named John Scadden as the Chief Financial Officer of the company. Prior to ATL, he served as CFO at Dry, Inc. and Evo, Inc. Additionally, Scadden has also been Treasurer of FEI Company and held finance roles within Novell, Inc.


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