CFO Moves – week ending July 31, 2020

CFO Moves this week include:

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.

+ + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + +

Brian Dow

Agendia, Inc. [IRVINE, CA] announced the appointment of Brian Dow as Chief Financial Officer. Prior to joining Agendia, Dow served as Senior Vice President and Chief Financial Officer of Pulse Biosciences, Inc. Before that, he held senior-level roles as the CFO at Progyny, Inc., and Vice President and Principal Accounting Officer of Pacific Biosciences of California, Inc. Earlier in his career, Dow worked for Ernst & Young, LLP.

Health Plus Management [UNIONDALE, NY] announced the appointment of Jeff Tarlowe as Chief Financial Officer. Most recently Tarlowe was Operating Partner and Group Chief Financial Officer for Zenyth Partners private equity fund. Prior to that, he served as Chief Financial Officer, OptumCare Delivery/ProHealth (a UnitedHealth Group company). Tarlowe began his career at Merck & Co, Inc.

Beazer Homes USA, Inc. [ATLANTA] (NYSE: BZH) announced the retirement and succession plans for Robert L. Salomon, Executive Vice President and Chief Financial Officer. Salomon has decided to retire after a 28-year career in homebuilding following the filing of the Company’s 10-K for the fiscal year ending September 30, 2020 in November. Upon Salomon’s retirement, the Company will be appointing David I. Goldberg to serve as Senior Vice President and Chief Financial Officer. Mr. Goldberg currently serves as the Company’s Vice President and Treasurer, positions he has held since joining the Company in March 2015.

Jack in the Box Inc. [SAN DIEGO] (NASDAQ: JACK) announced that Lance Tucker, Executive Vice President and Chief Financial Officer, has provided his intent to resign and will be leaving the company effective within the next six weeks. Dawn Hooper, the company’s controller, has been appointed to principal financial officer on an interim basis, effective on Tucker’s last day. Hooper has been with Jack in the Box Inc. for almost 20 years, with her tenure in leadership positions within finance.

Doug Laue

New Nautical Coatings, Inc. [CLEARWATER, FL], parent company of Sea Hawk Paints, Blue Water Marine Paints, Flexdel/Aquagard Paints and Hawk Epoxy, announced the appointment of Doug Laue to chief financial officer. Prior to joining New Nautical Coatings, Lane spent nine years as the CFO of Davidoff of Geneva, Inc. Before that he served as CFO of several businesses in Florida and Massachusetts and a manager at Ernst & Young LLP.

Flotek Industries, Inc. [HOUSTON] (NYSE: FTK) welcomed Michael E. Borton as Chief Financial Officer (CFO). Borton joins Flotek from Dynasty Sports and Entertainment, where he was CFO. Prior to his role at Dynasty, Borton served as CFO at Wombat Security Technologies. From 2009 to 2014, he was CFO for Harmony Information Systems, Inc. Additionally, Borton has served in various financial and operational leadership roles at Consul risk Management BV (acquired by IBM), iSKY Corporation and Invensys. Prior to these roles, Borton spent more than a decade in financial leadership roles for oil and gas services companies, including Schlumberger and Halliburton, where he served as Group Controller for Landmark Graphics.

Genworth Financial, Inc. [RICHMOND, VA] (NYSE: GNW) announced that Kelly L. Groh has decided to leave Genworth, and will resign as executive vice president and chief financial officer (CFO) upon completion of the company’s second quarter financial close process and related Form 10-Q filing, which is expected to occur in early August.  Following her resignation, Dan Sheehan, Genworth executive vice president and chief investment officer (CIO), will succeed Groh as CFO. Sheehan will retain his role as CIO upon assuming the CFO role.  He has been with Genworth and its predecessor company for 22 years, and assumed the CIO role in April 2012. Prior to joining Genworth / General Electric, Sheehan worked with Sun Life of Canada (1993-1997) in Wellesley Hills, MA as a Property Investment Officer in the Real Estate Investments group. From 1987-1993, he worked for the Massachusetts Laborers Benefit Fund as an auditor and auditing supervisor.

Cognizant Technology Solutions Corporation [TEANECK, NJ] (NASDAQ: CTSH) announced that Jan Siegmund will be appointed Chief Financial Officer, effective September 1, 2020. Siegmund will succeed Karen McLoughlin, who will continue in the CFO role through August 31, 2020, and will remain with the Company in an advisory role through December 31, 2020. Siegmund most recently served as Corporate Vice President and Chief Financial Officer at ADP, from 2012 to 2019.  Prior to that, Siegmund was Chief Strategy Officer and President of ADP’s Added Value Services Division from April 2009 to October 2012. He started his career at McKinsey & Company.  Siegmund is a member of the Board of Directors of The Western Union Company.

GLOBALFOUNDRIES [Santa Clara, CA] announced the appointment of David Reeder as Chief Financial Officer (CFO). Reeder has served in senior finance and operations positions in global high technology companies including Texas Instruments, Broadcom, Cisco and Electronics for Imaging (EFI). Most recently, Reeder served as CFO and as CEO of Lexmark International, and as CEO of Tower Hill Insurance Group. Reeder will join GF on August 10th.

Peter Schork

Catylist [ANN ARBOR, MI] announced the hire of Peter Schork as Chief Financial Officer. From 1998 to 2005, Schork served as Vice President and Manager of Mortgage and Consumer Services at the Bank of Ann Arbor. In 2005, Schork stepped in as Vice President of Edward Surovell Realtors. Schork then co-founded Ann Arbor State Bank in 2008, where he served as President and CEO until early 2020.

LIVEKINDLY Collective [NEW YORK] announced the appointment of David Knopf as Chief Financial Officer (CFO). Knopf joins the LIVEKINDLY Collective from 3G Capital, where he was a partner since 2015. Previously, Knopf held several senior leadership roles at the Kraft Heinz Company, including Chief Financial Officer, and held positions in private equity at Onex Partners, and investment banking at Goldman Sachs.

Varex Imaging Corporation [SALT LAKE CITY] (NASDAQ: VREX) announced that Shubham “Sam” Maheshwari has joined Varex as its Chief Financial Officer (CFO). Maheshwari joins Varex from SiFive, Inc., where he served as CFO. Before SiFive, Maheshwari served for six years as CFO, and later as CFO and COO, of Veeco Instruments Inc. Previous notable positions include Senior Vice President, Finance for semiconductor company Spansion, Inc., and more than 10 years in various senior positions, including Vice President of M&A and Corporate Controller, at KLA-Tencor Corp. Maheshwari replaces Clarence Verhoef, who announced in February that he would be retiring as CFO of Varex.

Gaming and Leisure Properties, Inc. [WYOMISSING, PA] (NASDAQ: GLPI) announced that Steven T. Snyder will be stepping down as Senior Vice President and Chief Financial Officer effective August 31, 2020. Snyder has served in his current role, and previously as Interim Chief Financial Officer since May 2018.

Jim Mabry

Renasant Corporation [TUPELO, Miss.] announced that James C. Mabry IV will join the Company as Executive Vice President and Chief Financial Officer. Kevin D. Chapman, who has been serving as both Chief Operating Officer and Chief Financial Officer since May 2018, will remain in his role as the Company’s Chief Operating Officer. Mabry formerly served as an EVP with South State Corporation and prior to that role he served as managing director for banking companies with Keefe, Bruyette and Woods, a Stifel Company. He began his career with KBW in New York in 1983.

Willoughby Capital Holdings, LLC [NEW YORK] announced that Justin D. White has joined the firm as Chief Financial Officer. Most recently, he served as Chief Financial Officer and Chief Operating Officer of Governors Lane LP. Prior to joining Governors Lane, he was Chief Financial Officer of Merchants’ Gate Capital. White began his career at Deloitte & Touche, LLP.

Power Solutions International, Inc. [WOOD DALE, Ill.] (OTC Pink:  PSIX) announced that it has appointed current corporate controller and principal accounting officer Donald P. Klein as its interim chief financial officer to succeed Charles F. (Chip) Avery, Jr., who will be departing the Company to pursue other interests following a transition period. Klein has served as PSI’s corporate controller and principal accounting officer since May 2018. Prior to joining the Company, he served as assistant corporate controller at Littelfuse, Inc. Prior to that role, from 2008 to 2017, Klein served in various positions of increasing responsibility within finance and accounting, including most recently as assistant corporate controller at Navistar International Corporation. Prior to Navistar, he worked for Hewitt Associates as manager of external reporting and at Ernst & Young LLP as a senior manager.

Fluor Corporation [IRVING, Texas] (NYSE: FLR) announced that Joe Brennan has been appointed as Fluor’s chief financial officer (CFO), following D. Michael Steuert’s decision to retire from the position. Brennan has worked at Fluor since 1991 and most recently served as the senior vice president, operations controller since June 2020. Previous roles include segment controller of Energy & Chemicals from 2016 to 2020 and general manager of Fluor’s southern California operations from 2013 to 2016 as well as manager of ICA Fluor operations from 2008 to 2013.

Palmer Johnson Family of companies [SUN PRAIRIE, WI] announced that Eric “Mo” Mott has joined and will serve as CFO. Previously he was Chief Operating Officer and Chief Financial Officer of Diesel Forward, Inc.

Hyde Engineering + Consulting, Inc. [BOULDER, CO.] announced that Adolphe Kajangwe has been promoted to the position of Hyde’s Chief Financial Officer. Kajangwe previously served as Hyde’s Director of Finance and Accounting. Prior to joining Hyde, Kajangwe spent several years at a private equity firm.

Composite Technology International (CTI) [SACRAMENTO, CA] announced that Todd Stemler has been named Chief Financial Officer (CFO) replacing Rande Willison, who previously held this role with the company. Stemler was previously Director of Finance.

Great Rock Capital [WESTPORT, CT] announced Brett Goodwin has joined the firm as Chief Financial Officer. Prior to joining Great Rock Capital, his leadership roles included Chief Financial Officer at DFC Global Corporation and Chief Financial Officer for GE Capital Canada, Corporate Lending, and Capital Markets. Brett also held Controller responsibilities at GE Capital Healthcare Financial Services. Earlier in his career, Brett held various audit and risk management roles at General Electric & Fidelity Investments.

Rachel Stack

Cologix [DENVER] announced Rachel Stack has joined Cologix as the company’s new Chief Financial Officer (CFO). Most recently, she was SVP, Corporate Strategy and Development for Zayo. Prior to Zayo, Stack was a Director in Royal Bank of Canada’s (RBC) Communications, Media and Entertainment group. Prior to RBC, Rachel was an Associate at Daniels & Associates.