CFOs on the Move: Week ending September 26, 2014

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09/26/2014
  • Johnson Controls has promoted Brian Stief to head finance. He replaces R. Bruce McDonald, who has been promoted to vice chairman at the industrial company. Stief, who has been at the firm since 2010, had been corporate controller.
  • Michael Borrows is the new CFO of USA Truck. He takes over from Clifton Beckham, who said earlier in the year that he would resign. Most recently, Borrows was managing director at C2FO.
  • Scan Health Plan has chosen Vinod Mohan as its finance chief. Previously, Mohan was regional CFO/Medicare and Medicare Advantage plans at UnitedHealth Group/United Healthcare.
  • Philip Angelastro has been promoted to the top finance spot at Omnicom Group. He succeeds Randall Weisenburger, who is leaving the company. Angelastro has been senior vice president, finance, and controller at the marketing and corporate communications firm since 2002.
  • Real estate investment trust Ventas has appointed Robert Probst to lead the finance function, effective in October. He takes over from Richard Schweinhart, who is retiring. Most recently, Probst was finance chief at Beam.
  • Mark Schmitz has been selected to head finance at Itron, succeeding Steven Helmbrecht at the technology and services firm. Previously, Schmitz held the top finance spot at Alghanim Industries and, before that, at The Goodyear Tire and Rubber Co.
  • Drilling-services provider Rowan Cos. has said that CFO and treasurer J. Kevin Bartol is resigning. The company has begun a search for his replacement, and Bartol will remain at the firm until after a transition period with his replacement.
  • Finance chief Thomas O’Brien plans to retire from Kadant in June of next year. A search is under way to replace O’Brien, who has been at the company since 1991.
  • Network and financial-technology firm GlobeOne has appointed Philip Valvardi CFO and global head of business development. He joins the company from Fiserv, where he was general manager of the prepaid solutions division.
  • David Carr has been named to the top finance spot at Garden Fresh Restaurant. Most recently, he was vice president of finance at Petco Animal Supplies.
  • One of the 25 largest companies in the United States with more than $100 billion in annual revenue, Cardinal Health has promoted 25-year company veteran Michael Kaufmann to the top finance seat, effective Nov. 11. He will replace Jeffrey Henderson, 49, who will be retiring next August. Kaufmann has been CEO of Cardinal’s pharmaceutical segment since 2009.
  • At another Fortune 50 company, Dow Chemical, finance chief William Weideman announced his retirement after spending 38 years at the company, which he joined at age 22. He’s been CFO since 2010. His replacement is another Dow Chemical veteran, Howard Ungerleider. With the company since 1990, Ungerleider’s most recent post was executive vice president of Dow’s Advanced Materials Division.
  • Delphi Automotive CEO Rodney O’Neal will retire next March and be succeeded by Kevin Clark, the auto-parts maker’s chief financial officer. Clark joined Delphi in 2010 after being founding partner of Liberty Lane Partners, a private-equity firm.

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