CFOs on the Move: Week ending October 9, 2015


  • Xerox finance chief Kathryn Mikells has resigned, effective Oct. 31, to take on the same post at London-based spirits company Diageo. Vice president of investor relations Leslie Varon will become interim CFO while Xerox undertakes an external search for Mikells’s replacement.
  • John Ferrara has resigned from the top finance spot at TheStreet. Richard Broitman, who has been chief accounting officer since 2009, will become interim CFO.
  • The J.G. Wentworth Co. has named Scott Stevens to lead the finance function. He joins the financial-services firm from Western Union, where he was treasurer and chief risk officer. Stevens succeeds John Schwab, who is leaving the company.
  • Mark Hoyt will become CFO, treasurer, and secretary of VASCO Data Security International once the firm files its form 10-Q for the quarter ended Sept. 30. As CFO, he takes over for Cliff Brown, who will become a consultant until his retirement next May. Previously, Hoyt was CFO for Groupon’s operations in Europe, the Middle East, and Africa.
  • Allscripts has promoted CFO Rick Poulton to president. A search is under way for his replacement, and he will remain finance chief until his successor has been named.
  • Robert Bateman has been selected to head finance at Infinity Property and Casualty, effective Oct. 19. He succeeds Roger Smith, who retired at the end of August. Most recently, Bateman held the top finance spot at Country Financial.
  • Bridgeport Education has chosen Kevin Royal as its next finance chief, taking over for Dan Devine. Royal joins the firm from Maxwell Technologies, where he was CFO, secretary, and treasurer.
  • Beverage and culinary-products supplier Farmer Bros. has named Isaac Johnston, Jr., CFO and treasurer, replacing Mark Nelson. Previously, Johnston was CFO of operations and chief transformation officer at United Surgical Partners International.
  • Michael Bartolotta has been appointed CFO and treasurer of real estate operating firm Vereit, succeeding Michael Sodo. Formerly, Bartolotta held the top finance spot at Cushman & Wakefield.
  • Radiation-oncology firm Accuray has promoted Kevin Waters to head finance. He takes over for Gregory Lichtwardt, who has retired. Waters has been senior vice president of finance since starting at the company in 2013.
  • AAR, a global aftermarket solutions company serving commercial aviation and government customers, has appointed Michael Sharp to the top finance role, effective Oct. 5. The 19-year company veteran currently is controller and chief accounting officer, and served as interim CFO from October 2012 to July 2013.
  • Meanwhile, the outgoing finance chief at AAR, John Fortson, is joining WestRock, the $10 billion paper and packaging company, as CFO of its Ingevity specialty chemicals business. He will start his new job on Oct. 12.
  • Gregory Andrews will join data center provider CyrusOne as chief financial officer on Oct. 19, replacing Kimberly Sheehy. The outgoing finance chief will continue as an employee until Dec. 1 and then serve as a consultant on preparation of the company’s 10-K for 2015. Andrews most recently headed finance for Ramco-Gershenson Properties Trust, a NYSE-listed real estate investment trust, and before that held roles with two other REITs.
  • Process manufacturing software firm Aspen Technology has promoted Karl Johnson to finance chief. He replaces Mark Sullivan, who resigned at the end of September. Johnson has been Aspen’s controller for almost two years.
  • Instacart, a startup grocery deliverer valued at $2 billion, has hired its first CFO. Ravi Gupta, who’s been a director with private equity giant KKR for 10 years after working at McKinsey & Co. for two years as an analyst, was tapped for the job. The company has raised $220 million in funding, serves 18 cities, and employs 300 full-time workers, 1,200 part-timers, and 7,000 contract workers.
  • Farmer Brothers, a national supplier of coffee, tea, and culinary products, has hired Isaac Johnston as treasurer and finance chief. He previously was CFO of operations and chief transformation officer at United Surgical Partners, before which he served 25 years with Pepsico. The outgoing head of finance, Mark Nelson, stepped down due to family considerations relating to the company’s upcoming relocation from Torrance, Calif., to Northlake, Texas.
  • The new finance leader at Spartan Motors is Frederick “Rick” Sohm, most recently treasurer at ALTe Technologies. He succeeds Lori Wade, who had been with the company since 2008 and was headed finance since February 2014.
  • Specialty insurance brokerage firm Alliant Insurance Services has tapped Ilene Anders as its new finance chief. She had been the company’s chief information officer. Before taking the CIO role she was Alliant’s vice president of financial planning and analysis, following prior positions in investment banking and financial consulting.
  • Anthony Buckley, CFO of the Oregon Department of Energy, has resigned effective Oct. 3. Buckley has been embroiled in a controversy of the resale of state energy tax credits.
  • United Natural Foods has named Michael Zechmeister CFO and treasurer, replacing Mark Shamber, effective in mid-October. Zechmeister comes to the company from General Mills, where he was vice president of finance with Yoplait USA.
  • Mark McGivney has been promoted to the top finance spot at Marsh & McLennan, effective Jan. 1. McGivney, who takes over for the retiring J. Michael Bischoff, was senior vice president of corporate finance.
  • Ken Goodman has been named finance chief of Jet Support Services. He joins the cost-maintenance programs provider for the business aviation industry from NetJets, where he was senior vice president of financial planning and analysis.
  • PetSmart has appointed Rob Anderson to lead the finance function, effective Oct. 5. Previously, he was CFO at grocery chain Save-A-Lot.
  • Energy company Public Service Enterprise Group has named Daniel Cregg to head finance, effective Oct. 8. He replaces Caroline Dorsa, who had previously announced that she would retire. Cregg has been vice president of finance for subsidiary Public Service Electric and Gas since 2013.

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