CFO Moves – week ending May 4, 2018

CFO Moves this week include:

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Kristen Wik

Centri Business Consulting, LLC [Philadelphia, PA ] announced the promotion of Kristen Wik to Chief Financial Officer. Kristen started at Centri in March 2015 as Controller and then later also took on the role of Director of Human Resources. Prior to her time with Centri, Kristen was a Senior Manager with Baker Tilley Virchow Krause, LLP for over 7 years as a member of their Healthcare Business Services group.

Colgate-Palmolive Company [NEW YORK] (NYSE: CL) announced the appointment of Henning Jakobsen, currently Vice President and Corporate Controller, to succeed Dennis Hickey, as Chief Financial Officer. Mr. Hickey will assume the role of Vice Chairman. Mr. Jakobsen, who has served as Colgate’s Vice President and Corporate Controller since October 2017, first joined Colgate in 1989 and has held key financial positions for the Company’s European and North American business units, as well as General Manager assignments in Africa and Europe. In 2006, he became Chief Financial Officer of Chr. Hansen, before rejoining Colgate in 2011.

Andrew Bonfield

Caterpillar Inc. [DEERFIELD, Ill.] (NYSE: CAT) announced its board of directors has appointed Andrew Bonfield as chief financial officer (CFO). Bonfield will succeed Brad Halverson, who recently retired. Bonfield most recently served as Group CFO and board member of National Grid plc. Prior to Bonfield’s eight years at National Grid, he was CFO at British confectionary company Cadbury plc. From 2002 to 2008, he was executive vice president and CFO of Bristol-Myers Squibb Company. Bonfield’s other experience includes the role of finance director of BG Group plc and CFO of Smithkline Beecham plc. Since 2010, he has been a non-executive director and chair of the audit committee of British retailer, Kingfisher plc. Bonfield also chairs the 100 Group.

Honeywell [MORRIS PLAINS, N.J.] (NYSE: HON) announced that Greg Lewis has been named Vice President, Corporate Finance in a transition role that will lead him to become Senior Vice President and Chief Financial Officer on August 3. Lewis will succeed Tom Szlosek, who has decided to retire for personal reasons. Since October 2016, Lewis has served as Vice President, EIM. Prior to that, Lewis served as Vice President and Chief Financial Officer for the former $16 billion Automation and Control Solutions (ACS) business group. Before that, Lewis served as CFO of Honeywell Process Solutions. Prior to that, Lewis served as Honeywell’s Vice President, Business Analysis and Planning. Lewis joined the Company in 2006 as CFO of the former Performance Products business unit. Before joining Honeywell, Lewis spent three years in the plastics industry at Tyco International, where he was Vice President of Finance and CFO for the A&E Products division and co-led that business’s divestiture. For five years prior to Tyco, Lewis held a number of finance leadership roles at The Stanley Works, including Finance Manager and Global FP&A Manager. Lewis began his career at Kraft Foods, where he held various operations finance roles, including Plant Controller.

Barry S. Ray

MidWestOne Financial Group, Inc. [IOWA CITY, Iowa] (NASDAQ: MOFG) announced the appointment of Barry S. Ray as Chief Financial Officer of MidWestOneFinancial Group and MidWestOne Bank. Mr. Ray replaces Katie Lorenson, who left the Company in December 2017. Jim Cantrell has served as interim Chief Financial Officer since Ms. Lorenson’s departure. Mr. Ray joins MidWestOne after serving twelve years as Chief Accounting Officer and Controller of Columbia State Bank.

MetLife, Inc. [NEW YORK] (NYSE: MET) announced that John C.R. Hele is retiring as Chief Financial Officer and will be succeeded by Executive Vice President John McCallion, currently the company’s Treasurer. McCallion joined MetLife in July 2006. In addition to serving as CFO for Investments, he has been head of Investor Relations, CFO for Europe, the Middle East, and Africa (EMEA), and EVP and Treasurer. Prior to joining MetLife, McCallion spent nearly 10 years at PwC in the firm’s insurance audit practice.

The Safariland Group [ONTARIO, Calif.] announced it has appointed Blaine Browers as Chief Financial Officer. Browers joins Safariland from IDEX Corporation. He most recently served as the Group Vice President of Finance and IT for IDEX’s Fire & Safety business. Prior to this role, he served in the same capacity for IDEX’s BAND-IT, Micropump and Optical Technologies business. Earlier in his career, Mr. Browers worked in several finance roles at General Electric Company.

Christopher Scully

Pharmaceutical Product Development, LLC [WILMINGTON, N.C.] announced the appointment of Christopher Scully as executive vice president and chief financial officer. Scully most recently served at Pfizer, Inc. as chief commercial officer for the business unit.

OraSure Technologies, Inc. [BETHLEHEM, Pa.] (NASDAQ: OSUR) announced that Roberto Cuca has been appointed as the Company’s new Chief Financial Officer. Mr. Cuca will initially serve as Senior Advisor to the Company until his appointment is effective. Mr. Cuca will succeed Ronald H. Spair, who is retiring. Since September 2013, Mr. Cuca has served as Senior Vice President and Chief Financial Officer of Trevena, Inc.  Prior to his time at Trevena, Mr. Cuca held various leadership positions in the finance organization of Endo Health Solutions Inc. His most recent position at Endo was Treasurer and Senior Vice President, Finance. Before that, Mr. Cuca was Director, Corporate and Business Development at moksha8 Pharmaceuticals, Inc., and an equity analyst at J.P. Morgan Chase & Co.

Brightcove Inc. [BOSTON] (Nasdaq: BCOV) announced the appointment of Robert Noreck as EVP & Chief Financial Officer. Mr. Noreck will succeed Kevin Rhodes, who has served as Brightcove’s EVP & Chief Financial Officer since 2014 and is leaving the company for a new opportunity. Mr. Noreck currently serves as Senior Vice President of Finance and Sales Operations and has more than six years of experience with the company. Mr. Noreck joined Brightcove in 2011 as Director of Financial Planning and Analysis, followed by a promotion to Vice President of Finance in 2013. After spending a brief period of time away from the company in 2016 and early 2017, Mr. Noreck returned to Brightcove last July as Senior Vice President of Finance and Sales Operations. Prior to joining Brightcove, Mr. Noreck held positions at other companies such as Fidelity Investments, BostonCoach, and City Year.

Columbia Banking System, Inc. [TACOMA, Wash.] (NASDAQ: COLB) announced that Greg Sigrist has been appointed Executive Vice President and Chief Financial Officer of the company and its subsidiary Columbia Bank. Mr. Sigrist fills the role previously held by Clint Stein, who was appointed Chief Operating Officer in July 2017. In his 12-year tenure at Morgan Stanley, Mr. Sigrist achieved many career milestones culminating in his 2014 appointment as Chief Financial Officer of Morgan Stanley Bank. He started his career at Morgan Stanley in 2006 as Global Head of Accounting Policy. Following that he was promoyed to Control Finance Director—Wealth and Investment Management in 2011. Previously, he served for five years as Vice President, Corporate Accounting Policy/M&A Finance with Citigroup.

SunPower Corporation [SAN JOSE, Calif.] (NASDAQ: SPWR) announced that Chief Financial Officer (CFO) Chuck Boynton will transition out of SunPower to spend time with his family, in advance of pursuing career opportunities later this year. Boynton agreed to continue as Chief Executive Officer (CEO) of 8point3 Energy Partners through the sale. The company has named Manavendra Sial, an experienced business, operations and financial leader, as its new CFO, effective following the filing of SunPower’s first-quarter 10-Q. Sial most recently served as CFO for VECTRA. Prior to VECTRA, Sial was with SunEdison in various global finance and operations leadership roles from 2011 to 2015 including CFO of MEMC’s solar energy and materials divisions. He spent 11 years with General Electric (GE) in a variety of roles, from FP&A leader for the Energy Services unit to CFO of Power Delivery for GE’s Transmission and Distribution group.

CVR Energy, Inc. [SUGAR LAND, Texas] (NYSE: CVI) announced that Tracy Jackson has been named executive vice president and chief financial officer. Jackson also will serve as executive vice president and chief financial officer for the general partner of CVR Energy’s petroleum subsidiary, CVR Refining, LP (NYSE: CVRR), and for the general partner of its nitrogen fertilizer subsidiary, CVR Partners, LP (NYSE: UAN). Jackson most recently served as vice president and controller for Andeavor (formerly Tesoro) and the general partner of Andeavor Logistics (formerly Tesoro Logistics).

Palewater Global Management Inc. [NEW YORK] appointed Amanda Wester as the Chief Financial Officer, effective June 1, 2018. Most recently, Wester served as the Chief Financial Officer for Viamedia. Previously, she served as the Chief Financial Officer for Innovative Mattress Solutions (IMS).

Enphase Energy Inc. [PETALUMA, Calif.] (NASDAQ: ENPH) announced that its Chief Financial Officer, Bert Garcia, is leaving the Company to pursue other opportunities. Garcia will continue as CFO until June 30, 2018.

Ultimate Software [WESTON, Fla.] (Nasdaq: ULTI) announced their succession plan for chief financial officer (CFO). Mitchell K. Dauerman, who has served as Ultimate’s CFO since September 1996 steps down as CFO, continuing his service at Ultimate, focusing on investor relations and strategic initiatives. Felicia Alvaro, vice president of finance and 20-year veteran in Ultimate’s finance and accounting department, will succeed Dauerman in the role of CFO.

Jim Fox

Colibri Group [ST. LOUIS] announced that Jim Fox has joined the company as Chief Financial Officer. Mr. Fox’s previous roles include Senior Vice President of Finance and Chief Accounting Officer for TierPoint and Suddenlink Communications. Prior to joining Suddenlink Communications, Fox was Chief Financial Officer and Senior Vice President of Business Operations for Mobile Armor Inc.

Crypto Asset Management, LP [LA JOLLA, Calif.] (“CAM”) announced Kyle Chaykowski as Chief Financial Officer. Kyle joins the CAM team with 10+ years’ of financial and investment management experience in hedge funds, private equity and venture capital strategies in sectors including cryptocurrencies, biotechnology, real estate, technology and lifestyle/hospitality. Kyle started his career as an auditor at Deloitte before transitioning into the investment management space as Vice President of Tang Capital Management.

Todd Wyatt

Conifer Health Solutions [FRISCO, Texas] announced that Todd Wyatt has been named chief financial officer. Mr. Wyatt succeeds Daniel Karnuta who retired from Conifer Health after serving as chief financial officer for seven years. Wyatt joins Conifer Health from Acelity, Inc. (formally Kinetic Concepts, Inc.), where he has served as senior vice president of Business Transformation since June 2017. Over the course of his fourteen-year career with Acelity, Mr. Wyatt has held various senior leadership positions including chief financial officer, vice president of Global Corporate Finance and vice president of Strategy and Performance Management, among others.

SundaySky [NEW YORK] announced that Glen Sussman has joined the company as chief financial officer. Sussman was previously CFO and chief operating officer at Receptiv. Sussman previously held CFO and COO roles with Double Fusion and Game Trust, respectively. Additionally, he held buy-side and sell-side positions at funds and financial institutions.

Jack McGovern

AMC Health [NEW YORK] announced that John J. (Jack) McGovern will join the company as Chief Financial Officer. Prior to joining AMC Health, McGovern most notably founded and ran Bridgehead Partners for 14 years. McGovern began his career at PricewaterhouseCoopers and Merrill Lynch Interfunding.

Minnetronix, Inc. [SAINT PAUL, Minn.] announced the appointment of Elissa Lindsoe as Chief Financial Officer (CFO). Prior to joining Minnetronix, Lindsoe served as CFO of MOCON. Her experience also includes CFO roles for private and publicly traded companies including Galil Medical, Urologix and Identix.

Gail Babitt

Cedar Electronics [CHICAGO] named Gail Babitt as Chief Financial and Operating Officer.  Gail most recently served as CFO of Heartland Automotive Services, Inc. (dba Jiffy Lube). Gail comes to Cedar having previously served as Chief Financial Officer of several other companies, including, Motus Integrated Technologies, Inuvo and Pamida Stores.

Lazydays Holdings, Inc. [TAMPA, Fla.] (NASDAQ: LAZY) announced that Nicholas Tomashot has been appointed Chief Financial Officer, effective May 11, 2018. Tomashot is the former Senior Vice President and General Manager of the National Service Center of US Foods. Tomashot succeeds Maura Berney, who has made the personal decision to step down as CFO. Prior to US Foods, he was Chief Financial Officer for five years at Pinnacle Data Systems, Inc. Prior to becoming CFO at Pinnacle, Tomashot held senior domestic and international finance positions at Innovex, Inc.  Before joining Innovex, Tomashot worked at Pillsbury, Proctor & Gamble and NCR Corporation where he held various finance positions of increasing responsibility.

Lonestar Resources US Inc. [FORT WORTH, Texas] (NASDAQ: LONE) announced that Doug Banister has retired from his position as Chief Financial Officer and announced the appointment of Jason N. Werth as Chief Accounting Officer. Jason comes to Lonestar from Denbury Resources, where he served in positions of increasing responsibility. Jason first served as SEC Reporting Manager, then as Assistant Controller of Corporate Accounting and most recently as Director of Audit. Prior thereto, Jason held positions at Arthur Anderson, LLP and PricewaterhouseCoopers LLP.

Truett-Hurst, Inc. [HEALDSBURG, Calif.] announced the appointment of Karen Weaver as Chief Financial Officer (CFO). Ms. Weaver has served as Vice President, Corporate Controller of the Company since December 18, 2017. She was previously employed by Amyris, Inc. as Vice President and Corporate Controller from 2012 until 2014 and Vice President, Finance from 2014 until 2017. In August 2013, she was appointed Principal Accounting Officer of Amyris. From 2009 until 2011, Ms. Weaver served as Vice President and Corporate Controller of Sonic Solutions.

Financial Institutions, Inc. [WARSAW, N.Y.] (NASDAQ: FISI), parent company of Five Star Bank, Scott Danahy Naylon, LLC and Courier Capital, LLC, announced that Kevin B. Klotzbach will retire as Chief Financial Officer effective March 31, 2019. Mr. Klotzbach will continue to serve as Treasurer through December 31, 2019.

Exalenz Bioscience Ltd. [MODI’IN, Israel and MANASQUAN, N.J.] (TASE: EXEN) announced the appointment of Roy Golan as President and Chief Financial Officer. Most recently, Mr. Golan was Chief Financial Officer at NeuroDerm, Ltd. Prior to joining NeuroDerm, Mr. Golan served as Chief Financial Officer of KCS Ltd., and as Vice President of Finance of GI View Ltd.

Daniel Schuller

Aqua America Inc. [BRYN MAWR, Pa.] (NYSE: WTR) announced that Executive Vice President and Chief Financial Officer David Smeltzer will retire in October after a 32-year career with Aqua. Daniel Schuller, who is currently serving as EVP, strategy and corporate development, will succeed Smeltzer as CFO, with an immediate appointment as deputy CFO until Smeltzer’s formal retirement.

CPI Card Group Inc. [LITTLETON, Colo.] (NASDAQ: PMTS; TSX: PMTS) announced that Lillian Etzkorn has accepted an executive leadership position in Detroit, where she has lived for more than 40 years, in order to be closer to her home and family. Ms. Etzkorn will remain with the Company through July 24, 2018 to transition her responsibilities.

WilsonHCG [TAMPA, Fla.] announced the addition of Ken Bowles as Chief Financial Officer (CFO). Ken previously spent 15 years at General Electric (GE) and joins WilsonHCG from technology firm, Tribridge, where he served as CFO. WilsonHCG’s Andy Zahn will transition from CFO to Executive Vice President of Corporate Development.

Kristina Cashman

Upward Projects [PHOENIX] announced the hiring of Kristina Cashman as its new Chief Financial Officer. Cashman started her career at Ernst & Young before spending a decade as the Controller/CFO for P.F. Chang’s China Bistro. Next, Cashman served as the CFO of Eddie V’s Restaurants in Scottsdale. Most recently, Cashman served as the CFO of the fast-growing Hopdoddy Burger Bar in Austin, TX.

VirtualArmour International Inc. [CENTENNIAL, Colo.] (CSE: VAI, OTCQB: VTLR) appointed CEO Todd Kannegieter as chief financial officer, succeeding John Donaldson. Kannegieter was a co-founder of VirtualArmour and has been a director since its inception and has served as its CEO since 2015. Kannegieter’s more than three decades of finance and accounting experience includes serving as vice president of finance for Circadence Corporation. Prior to Circadence, Kannegieter served as a finance executive for a number of successful businesses, including Rivien Communications. Earlier, he served at COMSAT International, a provider of satellite technology that was acquired by Lockheed Martin. Before COMSAT, he served as a finance executive for both Westel Cellular and US West MediaOne (now Comcast Cable). He also earlier served as executive director of finance, working the New Vector merger with Airtouch cellular.