CFO Moves – week ending November 23, 2018

CFO Moves this week include:

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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.

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Will Porter

ObserveIT [BOSTON] announced that Will Porter has joined as the new CFO. Prior to joining ObserveIT, he served as CFO of both BlueTarp Financial and Signiant. Before Signiant, Will served as VP of Finance at Phase Forward where he played a leading role in the Company’s IPO.  He has also held roles in finance and accounting at Epsilon Data Management, WebHire, Summit Technology and Arthur Andersen.

Grant Thornton LLP [CHICAGO] promoted Billy Moore from chief financial officer (CFO) to a newly formed role as chairman of the firm’s Operating Committee. Further, the firm has tapped Sam Shaw to succeed Moore as CFO. Shaw joined the firm in 2006 and most recently served as managing director of Finance and Corporate Development.

Extreme Networks Inc. [SAN JOSE, Calif.] (NASDAQ: EXTR) announced that Rémi Thomas will join the company as its new Chief Financial Officer. Thomas comes to Extreme from CA Technologies, where he served as Senior Vice President, Corporate Controller for the past year and a half. Prior to this role, he served as Vice President of Finance at HPE Software, a business unit of Hewlett Packard Enterprise. Thomas also worked for Alcatel-Lucent for close to eight years – mostly in Paris and Shanghai – in various finance leadership roles including CFO for Enterprise and Strategic Industries, CFO for APAC, CFO for Wireless Networks and finally, head of M&A and Corporate Development. Matt Cleaver, Extreme’s Vice President of Finance, has been the interim CFO since September when the company’s CFO left the company. Cleaver will resume his position as part of Thomas’ staff.

Kristen Ankerbrandt

Compass [NEW YORK] announced that Kristen Ankerbrandt will join as Chief Financial Officer. Ankerbrandt was most recently at The Carlyle Group. Prior to Carlyle, Kristen worked at Goldman Sachs in the Investment Banking Division.

Spirit AeroSystems Holdings, Inc. [WICHITA, Kan.] (NYSE: SPR) today announced that Sanjay Kapoor, Executive Vice President and Chief Financial Officer, plans to retire in the first quarter of 2019. Kapoor has been in this role since he joined the company in August 2013.

Accuray Incorporated [SUNNYVALE, Calif.] (NASDAQ: ARAY) announced that it named Shig Hamamatsu as senior vice president, chief financial officer. Mr. Hamamatsu joined Accuray as its vice president of finance and chief accounting officer in September 2017 before assuming the role of interim chief financial officer on October 1, 2018. Prior to joining Accuray, Mr. Hamamatsu served as Vice President, Corporate Controller at Cepheid. He also served as Vice President, Finance and Corporate Controller at Cypress Semiconductor Corporation. Mr. Hamamatsu began his career at PricewaterhouseCoopers LLP.

David Burt

ServiceTitan [GLENDALE, Calif.] named David Burt as the company’s Chief Financial Officer. David most recently served as Vice President of Content Planning & Analysis and Co-Head of Corporate Development for Netflix. Before joining Netflix, he worked for J.P. Morgan Securities as an Investment Banker and for Bain & Company as a Strategy Consultant.

EDR [SHELTON, CONN.] announced that Jack Walsh has joined the business as Chief Financial Officer. Most recently, Jack was the CFO of Aptean.

KushCo Holdings, Inc. [GARDEN GROVE, Calif.] (OTCQB: KSHB) announced it has appointed Christopher Tedford as the Company’s new Chief Financial Officer (“CFO”). Jim McCormick, the Company’s current CFO and Chief Operating Officer (“COO”) will transition exclusively into the COO position. From 2016 – 2018, Mr. Tedford served as Senior Vice President and Chief Accounting Officer at Confie. From 2011 – 2016, he worked at Pacific Sunwear of California, first as Senior Director and Corporate Controller before working his way up to Vice President and Chief Financial Officer. He also served as Director and Corporate Controller at Clean Energy Fuels Corp. Earlier in his career, he also held senior level positions within KPMG LLP and Deloitte & Touche LLP.

Dan Kittleson

First National Bank and Trust Company (FNBT) [BELOIT, WIS.] announced that Dan Kittleson joined the company as Executive Vice President (EVP) Chief Financial Officer (CFO). Kittleson joins FNBT with more than 25 years of experience in the banking industry, most recently serving as EVP and CFO of Oak Bank in Fitchburg, Wisconsin for 17 years. Prior to that, he worked as CFO for a start-up bank in Appleton, Wisconsin.

JW Aluminum [Goose Creek, South Carolina] announced the appointment of Philip J. Cavatoni as Chief Financial Officer. Cavatoni comes to JW Aluminum from SixAxis LLC where he has served as Chief Financial Officer since 2016. Previously, Cavatoni spent seven years with Alpha Natural Resources, where he held various positions including Chief Financial and Strategy Officer. Prior to that, he was a Managing Director in the Investment Bank at J.P. Morgan. Cavatoni succeeds Rich Caruso, who has served as JW Aluminum’s Chief Financial Officer since 2017.  Caruso will be joining of JW Aluminum’s Board of Directors.

EPHS Holdings Inc. [BOYTON BEACH, FL] (OTCQB: STNN) appointed Stuart R. Ross to serve as its new Chief Financial Officer. Most recently, Mr. Ross has served as President and CEO of Cardero Resource Corp. Prior to that he was a Senior Officer and Director of Clearly Canadian Beverage Corp from 1986 to 2003.