Content about CFO

April 9, 2012

Safeway on Monday evening promoted Robert Edwards to president of the company. Edwards had served as Safeway's EVP and CFO since 2004.

PLEASANTON, Calif. — Safeway on Monday evening promoted Robert Edwards to president of the company. Edwards had served as Safeway's EVP and CFO since 2004.

March 14, 2012

Grocer A&P has promoted Raymond Silcock to CFO.

MONTVALE, N.J. — Grocer A&P has promoted Raymond Silcock to CFO. He succeeds Frederic (“Jake”) Brace, who is resigning from his roles as chief restructuring, financial and administrative officer in conjunction with A&P’s emergence from Chapter 11. Brace will continue to serve the company in an advisory capacity.

March 14, 2012

Pharmaceutical wholesaler H.D. Smith has appointed Bill Williams as CFO, the company said Wednesday.

SPRINGFIELD, Ill. — Pharmaceutical wholesaler H.D. Smith has appointed Bill Williams as CFO, the company said Wednesday.

Williams, who has worked at such companies as Kraft Foods, Allied Signal and Martin Brower Co., most recently worked as a partner in Tatum LLC's Chicago office.

March 9, 2012

Ulta has announced that it is implementing a CFO succession plan after Gregg Bodnar, the company’s CFO and assistant secretary, informed the company that he will be stepping down from his current position.

BOLINGBROOK, Ill. — Ulta has announced that it is implementing a CFO succession plan after Gregg Bodnar, the company’s CFO and assistant secretary, informed the company that because of a family health issue, he will be required to relocate to Michigan and will step down from his current position when a successor can be identified.

January 25, 2012

Acadia Healthcare on Wednesday announced that it has named Walgreens veteran Wade Miquelon to its board of directors.

FRANKLIN, Tenn. — Acadia Healthcare on Wednesday announced that it has named Walgreens veteran Wade Miquelon to its board of directors.

"Wade Miquelon brings tremendous expertise in a range of disciplines to Acadia, as well as valuable perspectives from his work with both large established companies and young growth companies," stated Joey Jacobs, Acadia chairman and CEO. "We welcome Wade to the board, confident of his ability to contribute to the company's long-term growth in earnings and shareholder value."

January 24, 2012

Target has promoted John Mulligan to the position of EVP and CFO, effective April 1. Mulligan currently serves as SVP finance. He replaces Doug Scovanner, Target’s EVP and CFO for the past 18 years, who announced his retirement in November 2011.

MINNEAPOLIS — Target has promoted John Mulligan to the position of EVP and CFO, effective April 1. Mulligan currently serves as SVP finance. He replaces Doug Scovanner, Target’s EVP and CFO for the past 18 years, who announced his retirement in November 2011.

November 11, 2011

A former Goldman Sachs executive will join Valeant Pharmaceuticals as EVP and CFO.

MISSISSAUGA, Ontario — A former Goldman Sachs executive will join Valeant Pharmaceuticals as EVP and CFO.

Howard Schiller will take over the position from Philip Loberg, who has been serving as Valeant's interim CFO on Dec. 1. Prior to his new role, Schiller was COO for Goldman Sachs' investment banking division until his retirement in January.

November 3, 2011

Target reported October sales growth that fell short of analysts' expectations, while uncertainty remains following the recent departure of the company's CFO.

MINNEAPOLIS — Target reported October sales growth that fell short of analysts' expectations, while uncertainty remains following the recent departure of the company's CFO.

Target reported that its net retail sales for the four weeks ended Oct. 29 were $4.8 billion, an increase of 4.3% from $4.6 billion for the four weeks ended Oct. 30, 2010. On this same basis, comparable-store sales increased 3.3% in October and 4.3% in the third quarter.

November 1, 2011

The unexpected announcement that Target EVP and CFO Doug Scovanner will retire on March 31, 2012, has investors speculating about the reasons for his departure following the recent exit of other key executives.

MINNEAPOLIS — The unexpected announcement that Target EVP and CFO Doug Scovanner will retire on March 31, 2012, has investors speculating about the reasons for his departure following the recent exit of other key executives.

Analysts at Bernstein Research pointed to the fact that no successor has been named, suggesting that the retirement was not a long-planned event. However, the firm said it believed that despite the unexpected news, this appeared to be a true retirement and doesn't anticipate seeing Scovanner in a CFO role at another major company.

October 27, 2011

Pharmaceutical wholesaler H. D. Smith announced on Thursday that Dave Watkins, CFO, will leave the company to join Chicago Public Schools as its new CFO, effective Nov. 7.

SPRINGFIELD, Ill. – Pharmaceutical wholesaler H. D. Smith announced on Thursday that Dave Watkins, CFO, will leave the company to join Chicago Public Schools as its new CFO, effective Nov. 7.

H. D. Smith stated that it will soon name an executive to serve as interim CFO while a search for a replacement is conducted.

In his new role, Watkins will be taking a leadership position in addressing the financial challenges of the third-largest school district in the United States, serving more than 400,000 students.

October 20, 2011

Bristol-Myers Squibb announced changes to its senior management team, including the appointment of its U.S. pharmaceuticals president.

NEW YORK — Bristol-Myers Squibb announced changes to its senior management team, including the appointment of its U.S. pharmaceuticals president.

October 7, 2011

Clorox announced that EVP and CFO Dan Heinrich, who has served as financial chief of the company since 2003, will retire Nov. 16.

OAKLAND, Calif. — Clorox announced that EVP and CFO Dan Heinrich, who has served as financial chief of the company since 2003, will retire Nov. 16.

In addition to his current role leading all aspects of the finance, business development and investor relations functions and corporate administrative services, during his career with Clorox, Heinrich also oversaw the corporate communications, risk management and IT functions. Heinrich, who joined the company in 2001 and controller, also is a member of the company's executive committee.

September 16, 2011

Navarro Discount Pharmacy, a Hispanic-owned pharmacy chain and an MBF Healthcare portfolio company, has expanded its management team by naming Luis Mier as CFO and promoting Manuel Leon to VP wholesale and OTC programs.

MIAMI — Navarro Discount Pharmacy, a Hispanic-owned pharmacy chain and an MBF Healthcare portfolio company, has expanded its management team by naming Luis Mier as CFO and promoting Manuel Leon to VP wholesale and OTC programs.

September 14, 2011

Ahold has announced the appointment of Jeff Carr as EVP and CFO, starting Nov. 12.

AMSTERDAM — Ahold has announced the appointment of Jeff Carr as EVP and CFO, starting Nov. 12.

Carr will be a member of Ahold’s corporate executive board, pending shareholder approval. He will succeed Kimberly Ross, who is leaving Ahold in November to become CFO of Avon.

Carr will be responsible for Ahold’s finance, real estate and IT functions. He will also manage the company’s existing €350 million cost reduction program and explore further ways to reduce costs and simplify the business.

September 6, 2011

Former Duane Reade CFO William Tennant was sentenced to three years of probation for his securities fraud conviction in June 2010, according to published reports.

NEW YORK — Former Duane Reade CFO William Tennant was sentenced to three years of probation for his securities fraud conviction in June 2010, according to published reports.

Tennant, convicted of one count of securities fraud, was sentenced by U.S. District Judge Deborah Batts in a hearing Tuesday in a Manhattan federal court.

August 30, 2011

Jonathon Singer has been appointed CFO of Sagent Pharmaceuticals, the generic drug maker said.

SCHAUMBURG, Ill. — Jonathon Singer has been appointed CFO of Sagent Pharmaceuticals, the generic drug maker said.

Singer joins Sagent from Landauer, a leader in radiation sciences and services, where he served as SVP finance and CFO. Meanwhile, Sagent's current CFO, Ron Pauli, will be transitioned into a newly created role of chief business officer, where he will be responsible for product launch execution, product pipeline management and business development.

August 22, 2011

Estée Lauder — whose brands include M•A•C, Aveda, Bumble and Bumble, American Beauty, Flirt! and GoodSkin Labs — has announced the retirement of Richard Kunes, EVP and CFO, on or about June 30, 2013.

NEW YORK — Estée Lauder — whose brands include M•A•C, Aveda, Bumble and Bumble, American Beauty, Flirt! and GoodSkin Labs — has announced the retirement of Richard Kunes, EVP and CFO, on or about June 30, 2013.

Kunes intends to continue to serve as CFO until June 30, 2012, or an earlier time as his successor begins to serve as CFO. Thereafter, he will continue his relationship with the company as EVP and senior adviser to the CEO, and work on special projects through June 30, 2013.

August 16, 2011

Sears Holdings announced Tuesday that Robert Schriesheim will join the company as EVP and CFO.

HOFFMAN ESTATES, Ill. — Sears Holdings announced Tuesday that Robert Schriesheim will join the company as EVP and CFO. Schriesheim, who starts with the company immediately as EVP, will assume his responsibilities as CFO, effective Aug. 22.

Schriesheim, 51, most recently was CFO for Hewitt Associates, leading the company's global financial and administrative roles until its merger with Aon.

August 3, 2011

A generic pharmaceutical company announced that its CFO has resigned.

PHILADELPHIA — A generic pharmaceutical company announced that its CFO has resigned.

Lannett said that Keith Ruck has exited the company to pursue other interests. The company expects to name a successor soon.

“During his tenure, Keith improved the performance of our accounting and financial reporting team,” Lannett president and CEO Arthur Bedrosian said. “In addition, he was instrumental in upgrading our internal controls and business processes. I would like to thank Keith for his hard work and wish him well in his future endeavors.”

August 2, 2011

In line with its new position as a stand-alone corporation, the former U.S. subsidiary of a Swiss drug maker has appointed a new leader.

MELVILLE, N.Y. — In line with its new position as a stand-alone corporation, the former U.S. subsidiary of a Swiss drug maker has appointed a new leader.

Nycomed US announced that Brian Markison, former chairman and CEO of King Pharmaceuticals, will lead the company as president, CEO and a member of the board. The company also appointed Jeff Bailey as COO and John Golubieski as CFO. Both Bailey and Golubieski also held executive roles at King.

July 12, 2011

Regional pharmacy chain Navarro Discount Pharmacy, which currently has 29 stores, has named finance executive Juan Ortiz the company's CFO, to the position of CEO.

MIAMI — Regional pharmacy chain Navarro Discount Pharmacy, which currently has 29 stores, has named finance executive Juan Ortiz the company's CFO, to the position of CEO.

Ortiz succeeds CEO Steve Kaczynski, whose expertise in retail merchandising and marketing over the last 18 months has been instrumental in setting a strategic direction for the company and expanding its footprint in South Florida and nationally.

June 23, 2011

Walgreens CFO Wade Miquelon said that the chain's decision to break its ties with pharmacy benefit manager Express Scripts was the best decision, according to a Reuters report.

NANTUCKET, Mass. — Walgreens CFO Wade Miquelon said that the chain's decision to break its ties with pharmacy benefit manager Express Scripts was the best decision, according to a Reuters report.

Caling it a "principled stand," Miquelon, who spoke at the Jefferies 2011 Global Consumer Conference in Nantucket, Mass., on Thursday, said that "under any scenario of what Express Scripts is proposing ... it's much better for us to go it alone," Reuters reported.

June 2, 2011

The CFO of Efficient Collaborative Retail Marketing is stepping into a new role.

CLEVELAND — The CFO of Efficient Collaborative Retail Marketing is stepping into a new role.

ECRM said that Mitchell Bowlus, who co-founded the company with CEO Charlie Bowlus in 1993, is assuming the role of president. Charlie Bowlus will be transitioning to a greater focus on software development, as well as humanitarian initiatives, ECRM said.

“Mitch has been instrumental in developing our business model and strategies, as well as our strong financial foundation, and is uniquely positioned to take us to the next level as president,” Bowlus said.

May 31, 2011

Costco Wholesale EVP, CFO and director Richard Galanti told investors during the company’s third quarter 2011 earnings call last week that average prices in pharmacy probably would decline due to the introduction of generic versions of branded drugs.

ISSAQUAH, Wash. — Costco Wholesale EVP, CFO and director Richard Galanti told investors during the company’s third quarter 2011 earnings call last week that average prices in pharmacy probably would decline due to the introduction of generic versions of branded drugs.

“[The] only area where you are going to see some average price declines is probably in pharmacy where, and we've all read about it, there is some very well-known branded items that are going to become generic this coming year,” Galanti said.

May 25, 2011

Royal Ahold executive Kimberly Ross is joining beauty company Avon as EVP and CFO, reporting to Andrea Jung, Avon's chairman and CEO.

NEW YORK — Royal Ahold executive Kimberly Ross is joining beauty company Avon as EVP and CFO, reporting to Andrea Jung, Avon's chairman and CEO.

Ross currently is EVP and CFO and a member of the executive board of Royal Ahold NV, a Netherlands-based international group with more than 2,970 stores and supermarkets spanning Europe and the United States.