CFO Moves – week ending October 5, 2018

CFO Moves this week include:

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Boyden [NEW YORK] announced it has named Victor Escandón as its Chief Financial Officer. Most recently, Escandón served four years as Senior Director of Corporate Finance for Daymon Worldwide. Previously, Escandón served 13 years in financial management roles with PepsiCo and Frito-Lay including Mergers & Acquisitions, Strategic Planning, Corporate Treasury, Finance Operations and Global Procurement. He began his career in various financial roles with JP Morgan, Credit Suisse, First Boston, Merrill Lynch and Bankers Trust.

Diebold Nixdorf [NORTH CANTON, Ohio] (NYSE: DBD) announced the appointment of Jeffrey Rutherford, as interim chief financial officer. He replaces Chris Chapman, who is leaving the company to pursue other opportunities. Rutherford joins the firm from Edgewater Technology (NASDAQ: EDGW).  Prior to Edgewater, he has held the chief financial officer position at a number of companies, including Ferro Corporation, Park-Ohio Holdings Corp, UAP Holding, LESCO and Office Max.

Qurate Retail Group [WEST CHESTER, Pa.] announced that Jeffrey A. Davis will join the Group as Chief Financial Officer. He will also serve as CFO for QVC, Inc. Davis will assume his new role on October 15, 2018. Davis joins Qurate Retail Group from J. C. Penney Company, Inc., where he held the position of EVP and CFO. Prior to J. C. Penney Company, Inc., Davis served as CFO at Darden Restaurants. Davis previously spent nine years at Walmart Inc., where he held various finance leadership positions, including EVP and CFO of Walmart U.S., EVP and Treasurer of Walmart Inc., and VP of Finance in the U.S. Specialty Division. Davis previously served in top financial roles at Lakeland Tours, LLC; McKesson Corporation; private investment holding company The Hillman Co.; and KPMG.

Two Harbors Investment Corp. [NEW YORK] (NYSE: TWO) announced Brad Farrell’s intention to resign from his position as Vice President, Chief Financial Officer and Treasurer in order to pursue other opportunities. Mr. Farrell has agreed to stay on with the Company through January 31, 2019 to assist in the transition of his duties and responsibilities. The company has appointed Mary Riskey to serve as Vice President, Acting Chief Financial Officer and Treasurer, and intends to appoint Ms. Riskey as Vice President, Chief Financial Officer and Treasurer upon the effectiveness of Mr. Farrell’s resignation. Ms. Riskey joined Two Harbors in 2011 as Director, Loan Accounting. From 2013 to 2016, Ms. Riskey served as Director, Corporate Controller of the company. Since 2016, Ms. Riskey has served as Managing Director, Chief Accounting Officer of the company. From 2000 to 2011, Ms. Riskey served in leadership roles at GMAC ResCap, advancing to Senior Director, Accounting and Reporting. From 1995 to 2000, Ms. Riskey held several positions at Arcadia Financial LTD, serving most recently as Assistant Controller.

Cal-Maine Foods, Inc. [JACKSON, Miss.] (NASDAQ: CALM) announced that Max P. Bowman has been named vice president and chief financial officer. Bowman was also elected to the Company’s Board of Directors at the annual meeting of shareholders. Bowman will replace Tim Dawson, from the Company. Prior to joining the company he was CFO of  Southern States Utility Trailer Sales, Inc. and H & P Leasing, Inc. from October 2014 until June 2018. From 2003 to 2014, Mr. Bowman was co-founder, president and director of Tenax LLC and Tenax Aerospace, LLC.   Mr. Bowman also served as a board member and executive officer of WGS Systems, LLC.  From 1997 until 2003 he served as the Chief Financial Officer for ChemFirst, Inc.

Humacyte [RESEARCH TRIANGLE PARK, N.C.] announced the appointment of Douglas L. Blankenship as Chief Financial Officer. Prior to joining Humacyte, Mr. Blankenship was Chief Financial Officer of Dova Pharmaceuticals, and previously held financial leadership positions as Director of Finance for Genentech, Inc., Executive Director of Finance for Amgen, and Director of Finance and Treasurer for Onyx Pharmaceuticals. Mr. Blankenship will transition CFO responsibilities from Paul Boyer.

Primoris Services Corporation [DALLAS] (NASDAQ Global Select: PRIM) announced the planned retirement of its Executive Vice President and Chief Financial Officer, Peter J. Moerbeek, after ten years of service to Primoris.  Mr. Moerbeek will resign as a director on November 2, 2018, he will step down as Chief Financial Officer after the filing of the Company’s third quarter Form 10-Q and earnings call; and he will be entering into a 12-month consulting agreement. The Company also announced that it promoted Ken Dodgen, Corporate Controller, from Senior Vice President to Executive Vice President, and he will become the Company’s Chief Financial Officer following the third quarter earnings call. Mr. Stricker has been the Vice President of Finance for Primoris since June 2017.  Before joining Primoris, he spent over fifteen years with CB&I, most recently as Vice President, Financial Operations for its global Engineering & Construction segment.  He also served as CB&I’s Corporate Controller and Chief Accounting Officer from 2006 to 2008.  Prior to CB&I, Mr. Stricker spent time working with a domestic construction contractor and an oil field service company.

Adam Bryson

LIXIL Americas [PISCATAWAY, N.J.] announced that Adam Bryson has been appointed the chief financial officer. Bryson previously served as the chief financial officer for GROHE in Dusseldorf, Germany. He served on the GROHE AG Board of Management with global statutory responsibilities, as well as directed joint ventures in the Middle East and Africa. He honed his experience in finance, accounting, treasury, and tax through roles of increasing responsibility at GROHE that included senior vice president, commercial finance and vice president, controlling. Before joining LIXIL, Bryson served at Diageo as global business support partner and regional business performance manager, Africa, successfully implementing financial performance and accountancy improvements in those roles. Earlier in his career, he held various financial positions at Seagram and Nestle.

Westwood Holdings Group, Inc. [DALLAS] (NYSE: WHG) announced the promotion of their Vice President of Finance, Murray “Terry” Forbes III to the position of Chief Financial Officer. Terry takes over from Tiffany Kice who is resigning to pursue another business opportunity. Tiffany will oversee the filing of our third quarter Form 10-Q and will assist in the transitioning of her responsibilities until her October 31, 2018 departure date. Terry joined Westwood in December 2014 as Vice President of Finance. Prior to Westwood, Terry served as Senior Director and Assistant Controller of CEC Entertainment, Inc. From September 2000 to December 2012, Terry was at KPMG LLP.

Radius Bank [BOSTON] announced the appointment of Mike Lenahan as Executive Vice President / Chief Financial Officer (CFO). Lenahan has served in senior leadership roles at Investors Financial Services Corporation, State Street Corporation, and most recently as an Executive Director in the Corporate and Investment Bank at JPMorgan Chase Bank, N.A. Lenahan succeeds the former CFO, James Malerba.

GRAIL, Inc. [MENLO PARK, Calif.] announced the appointment of Renée Galá as Chief Financial Officer, effective January 3, 2019. Galá joins GRAIL from Theravance Biopharma where she has served as Senior Vice President and Chief Financial Officer since 2014, following the company’s spinout from Theravance, Inc. Ms. Galá joined Theravance (now Innoviva, Inc.) in 2006 and held various roles in the finance organization before leading the company’s spin-out transaction. Before Theravance, Ms. Galá worked at Eli Lilly and Company, where she held positions of increasing responsibility in global treasury, pharmaceutical sales, and corporate strategy/business development. Prior to joining Eli Lilly, she spent seven years in the energy industry in the United States and internationally in positions focused on corporate finance, project finance, and mergers and acquisitions. She is a member of the board of directors of Corcept Therapeutics Inc.

InterGen [BURLINGTON, Mass.] announced the appointment of Paul Teague as chief financial officer, effective 1 November 2018. Paul will replace Gregory A. Pratt who left the company on 31 August. Since joining InterGen in late 2015 as finance director, Paul has had responsibility for managing the regional finance team in the UK, as well assuming greater responsibility for managing the finance organization transition to the new headquarters based in Edinburgh. In 1996 Paul qualified as a chartered accountant with PricewaterhouseCoopers (PwC) and, prior to joining InterGen, was a Divisional CFO at Deluxe Entertainment Services.

Ameresco, Inc. [FRAMINGHAM, Mass.] (NYSE: AMRC) announced that it has appointed Mark Chiplock as Vice President, Interim Chief Financial Officer, Treasurer and Chief Accounting Officer. Mr. Chiplock joined the Company as Corporate Controller in June 2014 and has served as Vice President of Finance and Corporate Controller since April 2016. Prior to Ameresco, he served as Vice President, Finance of GlassHouse Technologies, a data center infrastructure consulting firm, from June 2012 to May 2014. This appointment follows the departure of its Chief Financial Officer, John Granara.

Tim MacCarrick

OutSystems [BOSTON & ATLANTA] announced the appointment of Tim MacCarrick as its new Chief Financial Officer. MacCarrick’s background includes both chief financial officer and chief operating officer positions at companies including Xerox, Crane Co, De Lage Landen, and most recently at QLIK technologies.

Revint Solutions [CHADDS FORD, Pa.] announced that Jennifer Hall has joined the company as Chief Financial Officer. Most recently, Jennifer served as Chief Financial Officer at PT Solutions Physical Therapy in Atlanta, GA.

ElmTree Funds, LLC [ST. LOUIS] announced Kerry Gawrych has been promoted to the role of Chief Financial Officer. Ms. Gawrych joined ElmTree Funds in 2015 as its Controller. Prior to ElmTree Funds, she was the Controller/Director of Accounting for Koch Development Co., Inc. Ms. Gawrych has also held leadership roles at THF Realty, The John Buck Company, General Growth Properties and Midland Development Group.

Science 37 [LOS ANGELES] announced that Niv Caviar joined the company as their Chief Financial Officer. Caviar’s prior roles include CEO of Suneva Medical; Executive Vice President, Chief Business Officer and Chief Financial officer of La Jolla Pharmaceutical Co.; and Vice President of Business Development and then Head of Marketing for the medical dermatology business of Allergan. Caviar is a former U.S. Air Force officer and solid rocket motor engineer in the U.S. Space Command.

CBB Bancorp, Inc. [LOS ANGELES] (OTCQB: CBBI), the parent company of Commonwealth Business Bank, announced that J. Duncan Smith has been hired as EVP and Chief Financial Officer. He started his career in public accounting and worked for several notable firms including Ernst and Young and Grant Thornton. Mr. Smith went on to become the Chief Financial Officer of several Philadelphia area financial institutions including Bryn Mawr Bank Corporation and most recently with Community Bank in Pasadena, CA (recently purchased by CVB Financial Corporation Bank).

Kite Realty Group Trust [INDIANAPOLIS] (NYSE: KRG) announced the appointment of Heath R. Fear as its Executive Vice President and Chief Financial Officer. Mr. Fear is expected to join the Company on November 5, 2018. Mr. Fear joins KRG from GGP Inc., a member of the S&P 500 until its recent privatization, where Mr. Fear currently serves as CFO. Previously, Mr. Fear was CFO at Retail Properties of America, Inc. from 2015 to 2017.

Stein Mart, Inc. [JACKSONVILLE, Fla.] (NASDAQ: SMRT) announced that its chief financial officer, Gregory W. Kleffner, plans to retire from the Company next spring.  Kleffner will continue in his current role until his successor is appointed.

SIB Fixed Cost Reduction [CHARLESTON, S.C.] announced that David Kelley has joined the company as its new Chief Financial Officer. Prior to joining SIB, Kelley provided on-demand CFO services to technology and tech-enabled businesses at various growth stages and specialized in transformative and growth-oriented ventures. He has held senior leadership roles in private equity portfolio companies, family office ventures, publicly held businesses and foreign companies doing business in the US.

Iconic Brands, Inc. [AMITYVILLE, NY] (OTC PINK: ICNB) announced the addition of David Allen as the company’s Chief Financial Officer. From December 2014 to January 2018, Mr. Allen served as Chief Financial Officer of WPCS International, Inc., a NASDAQ listed Construction Service Company. From June 2006 to June 2013, Mr. Allen was the Chief Financial Officer and Vice President of Administration for Converted Organics, Inc. Previously, Mr. Allen served as Chief Financial Officer (1999 – 2003) and President and Chief Executive Officer (2003 – 2004) for Millbook Press, Inc. and as the Chief Financial Officer and Vice President of Administration of JDM, Inc. Mr. Allen has also previously worked for DeAgostini USA Inc., Contiki Travel and Arthur Andersen & Co.

Kevin Connor

Broadvoice [LOS ANGELES] tapped Kevin Connor as CFO. Prior to joining Broadvoice, he spent eight years in financial roles at TPx Communications. Most recently he was vice president of finance.

GMS Inc. [TUCKER, Ga.] (NYSE: GMS) announced that Doug Goforth, the Company’s Chief Financial Officer (CFO), plans to depart the company to explore leadership opportunities outside of GMS. To ensure a smooth transition, Mr. Goforth plans to continue to serve as CFO of GMS until December 31, 2018 or until a successor is named and as an advisor to the company through March 31, 2019.

Provation [MINNEAPOLIS and SANTA MONICA, Calif.] announced that Tom Monteleone has joined the company as Chief Financial Officer. Prior to joining Provation, Mr. Monteleone was most recently CFO for Ancile. He also previously served as CFO for AirVersent Inc., Corestar Financial Group, and AscendOne Corporation.

Perma-Pipe International Holdings, Inc. [NILES, Ill.] (NASDAQ: PPIH) announced the appointment of D. Bryan Norwood as Vice President and CFO effective November 01, 2018. Bryan replaces long time financial executive Karl J. Schmidt who informed the board of his retirement from PPIH effective October 31, 2018. Bryan joins us from Key Energy Services, Inc. Prior to that, Bryan served at API Perforating, LLC, Dupre’ Energy Services, LLC, HydroChemPSC Environmental Services, and Shawcor.

Exactuals [LOS ANGELES] has hired Andrew Mauritzen as its new CFO and Head of Insurance Industry. Prior to his position at Exactuals, Mauritzen was CFO of ACSIA Partners. Before joining ACSIA, he worked in investment banking, including having served as a Managing Director for both ICP Securities and Sandler O’Neill & Partners. Mauritzen currently serves as a director for Veristone Capital, ioCurrents, and Agent Review.

John Deere & Company [MOLINE, Illinois] (NYSE: DE) announced that Raj Kalathur has been appointed Senior Vice President, Chief Financial Officer and Chief Information Officer, effective November 15.

FM Restaurants HoldCo, LLC [NEW YORK] announced the appointment of Ned Algeo as Chief Financial Officer. Mr. Algeo previously served as the Senior Director of Finance and interim Chief Financial Officer of Real Mex Restaurants from 2016 through June 2017. Most recently, Mr. Algeo served as Vice President of Finance at Mobilitie.

DURECT Corporation [CUPERTINO, Calif.] (NASDAQ: DRRX) announced the appointment of Michael H. Arenberg to the position of Chief Financial Officer, effective October 15, 2018. Mr. Arenberg replaces outgoing Chief Financial Officer, Matthew J. Hogan.  Mr. Arenberg has been with DURECT since 1999, most recently serving as Senior Vice President, Corporate and Business Development.

Breakout Capital Finance [MCLEAN, Va.] announced that Tim Buzby has joined the company as its Chief Financial Officer. Buzby started his finance career as an auditor and consultant focused on financial services for KPMG. He spent 17 years at Farmer Mac, in a variety of executive positions culminating as CEO.

QMC Telecom International [SAN JUAN, Puerto Rico] announced the appointment of Ricardo Zubieta as Chief Financial Officer. Zubieta joins QMC from Barclays where as Managing Director of the bank’s Global Technology, Media & Telecom group he led Barclays’ Global Telecom M&A practice.