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CFO Moves - Week Ending December 19, 2014

SRI International has selected Luther Lau as Chief Financial Officer (CFO). Lau has served as SRI’s acting CFO since March 2014. Prior to SRI, Lau held executive and management roles at CNA Corporation, SAIC, Northrop Grumman, and Atlantic Richfield Company (ARCO).

The Carlyle Group (NASDAQ: CG) named Curtis L. Buser Chief Financial Officer. Mr. Buser has served as Carlyle’s interim CFO since May 2014. He was a partner at Arthur Andersen and Ernst & Young for 19 years prior to serving as Carlyle’s Chief Accounting Officer for ten years. Prior to joining Carlyle in September 2004, Mr. Buser was an audit partner with Ernst & Young, LLP. He began his career with Arthur Andersen in 1985 and was admitted to the partnership in 1997. Mr. Buser served on the Financial Accounting Standards Advisory Council from 2007 to 2010 and served on the boards of the Fairfax Symphony Orchestra and Northern Virginia Family Services from 2009 to 2011.

Zoosk, Inc. announced that it named Kelly Steckelberg as chief executive officer. Steckelberg, previously the chief financial officer and chief operating officer, succeeds co-founder Shayan Zadeh, who will remain on the Zoosk board of directors, but will step back from a management role. Steckelberg was promoted after one year to COO, taking on the additional responsibility of overseeing user operations, while continuing to lead as CFO. In the last year, she’s also taken on an expanded role in setting the marketing agenda. She joined the company in 2011 from Cisco Systems, where she held various roles, including divisional CFO for the Consumer Segment and for WebEx.

LogMeIn, Inc. (NASDAQ: LOGM) announced the promotion of Edward (Ed) K. Herdiechto chief financial officer (CFO) and treasurer, effective January 15th, 2015. Having joined LogMeIn in 2006, Herdiech currently serves as the company’s senior vice president of finance and principal accounting officer. Current LogMeIn CFO Jim Kelliher has resigned from his position to pursue an executive role at a Boston-area technology startup. Kelliher, who has served as CFO since May 2006, will assist Herdiech during the transition.

RadioShack Corporation entered into an agreement for advisory and interim management services with FTI Consulting. In connection with this agreement, RadioShack appointed Carlin Adrianopoli as Interim Chief Financial Officer. Effective with the appointment of Mr. Adrianopoli, Holly Etlin will no longer serve as Interim Chief Financial Officer of RadioShack. Carlin Adrianopoli has been a senior managing director in the FTI Consulting Corporate Finance/Restructuring practice since 2010 and joined FTI in 2002.

Apache Corporation (NYSE, NASDAQ: APA) announced the appointment of Peter A. Ragauss to its board of directors. Mr. Ragauss retired from Baker Hughes in October 2014 after eight years as senior vice president and chief financial officer. Prior to joining Baker Hughes, he was controller, Refining and Marketing, for BP Plc from 2003 to 2006; chief executive officer for Air BP from 2000 to 2003; and assistant to group chief executive for BP Amoco from 1998 to 2000. Mr. Ragauss was vice president of Finance and Portfolio Management for Amoco Energy International when Amoco Corporation merged with BP. From 1996 to 1998, he served as vice president of Finance for El Paso Energy International and held positions of increasing responsibility at Tenneco, Inc., from 1993 to 1996, and Kidder, Peabody & Co. Incorporated, from 1987 to 1993.

Extended Stay America, Inc. announced that Jonathan Halkyard will be appointed Chief Financial Officer of Extended Stay America and its subsidiary, ESH Hospitality, Inc. Mr. Halkyard has served as both Chief Operating Officer and Interim CFO overseeing the Company’s operations and finance organizations while the Company initiated a search for a permanent CFO following the resignation of its previous CFO last July. Mr. Halkyard served as the CFO of NV Energy, Inc. from 2012 to 2013 and Caesars Entertainment Corporation (NYSE: CZR) from 2006 to 2012.

FirstCare Health Plans named Mark Huntley as the new chief financial officer (CFO) and chief operating officer (COO). Huntley most recently served as chief financial officer for Allianz Global Assistance. Prior to serving as CFO at Allianz Global Assistance, Mark worked for over 13 years at First Health Services Corporation, as the director, then vice president, of finance. He also served as a board member for Jefferson Insurance Company from 2007 to 2012.

NTN Buzztime, Inc. (NYSE: NTN) hired Allen Wolff as chief financial officer. Most recently, Wolff served as the chief financial strategist of PlumDiggity. Prior to PlumDiggity, Wolff served as a director of 365 Retail Markets, and ultimately joined the company as CFO in 2012. From July 2011 to April 2013, simultaneous with his role at 365 Retail Markets, Wolff was an investor and had the leadership role of “Game Changer” at Crowdrise. Wolff joined Crowdrise after incubating Retail Capital. In January 2006 he co-founded PaySimple. In addition to serving on PaySimple’s Board of Directors, Wolff held various roles through January 2011 including CFO and President. In addition, Wolff was a principal from 1998 to 2012 for a casual dining restaurant. Earlier in his career, Wolff worked at SpaceVest.

ArcBest Corporation (NASDAQ: ARCB) announced that David R. Cobb has been named Chief Financial Officer effective January 1, 2015, while previous CFO Michael E. Newcitytakes on a newly created role as ArcBest Chief Innovation Officer and President of subsidiary ArcBest Technologies. Since 2006, Cobb has served as Vice President – Controller at ArcBest, adding the duties of Chief Accounting Officer in 2010. Before joining ArcBest in 2006, he was Vice President – Controller for Smith International Inc., which is now part of Schlumberger Limited.

Senior Lifestyle Corporation announced that Steven T. Hippel has been named Chief Financial Officer (CFO). Prior to his appointment with Senior Lifestyle Corporation, Hippel served as CFO of Inland Diversified Real Estate Trust, Inc. He also served as Senior Vice President and CFO for ORIX Real Estate Capital, Inc. Hippel has also held high level accounting positions with Shorenstein Company, and Deloitte & Touche.

ID Analytics, Inc. announced Timothy Laughlin has joined the company as chief financial officer. Laughlin joins ID Analytics from Leap Wireless, where he served as acting treasurer. Laughlin also previously held the position of director of joint ventures and business development at Cricket Wireless. Prior to Cricket Wireless, Laughlin was manager of settlement products for H&R Block. Earlier in his career, Laughlin founded software startup FriendlyWorks, Inc. and held senior accounting positions at Arthur Anderson LLC.

Operative appointed Rick Glickman as Executive Vice President and Chief Financial Officer. Prior to Operative, Glickman served as the Executive Vice President and CFO of Teliris, inc. Prior to his tenure with Teliris, Glickman was the CFO of EYP Mission Critical Facilities, Inc.

Applied Proteomics Inc. announced the appointment of Steve R. Martin as chief financial officer. Mr. Martin was formerly CFO of Apricus Biosciences. Prior to Apricus, he was CFO and interim CEO of BakBone Software. Before that, Mr. Martin was senior consultant to the CEO and acting chief accounting officer for Leap Communications. Mr. Martin’s experience includes leadership roles, including as CFO of Strategene Corporation, and as controller for Gen-Probe.

Express Scripts (NASDAQ: ESRX) announced that it is initiating a Chief Financial Officer transition process.  Cathy R. Smith will be leaving the Company to pursue other interests and no longer serves in the role of Executive Vice President and Chief Financial Officer of the Company.  Ms. Smith will continue her employment into the first quarter of 2015 in order to facilitate a smooth and orderly transition. Express Scripts also announced that James M. Havel has been appointed to serve as Executive Vice President and Interim Chief Financial Officer effective January 2, 2015. Mr. Havel will join Express Scripts from Major Brands Holdings, where he has served as the Chief Financial Officer since April 2012.  Previously, Mr. Havel owned and operated Havel Associates, LLC, serving both private and public companies from July 2010 to April 2012.  Mr. Havel also spent approximately 34 years with Ernst & Young LLP, beginning his career in 1976.

Landstar System, Inc. (NASDAQ: LSTR) announced that Kevin Stout has been named Vice President and Chief Financial Officer of the Company. Stout joined Landstar in 1997 as Director of Financial Reporting. Stout was promoted to Director of Budget and Planning in 2003 and promoted again in 2004 to Vice President of Finance for the Landstar Carrier Group. In 2007, he was named Landstar Vice President and Corporate Controller, and, in 2014, Vice President of Finance and Corporate Controller. Bill Whalen

Process Development Corporation (PDC) announced the appointment of Bill Whalen as the company’s Executive Vice President and Chief Financial Officer. Whalen most recently served as the CFO of Nexteer Automotive; and previously as CFO of Intermet Corporation.  Prior to that, he held senior leadership positions at Magna International and United Technologies Corporation.

Radian Group Inc. (NYSE: RDN) announced that its Executive Vice President and Chief Financial Officer C. Robert Quint will retire from this position at the end of 2014 after nearly 25 years with Radian. J. Franklin Hall will assume the role of executive vice president and chief financial officer of Radian on January 1, 2015. In order to ensure a smooth transition, Quint will serve as executive vice president of finance through March 31, 2015, and then assume a consulting role through the end of 2015. Hall began his career with Ernst & Young, and later served as a senior financial analyst for Firstar Bank. He joined First Financial Bancorp in 1999, and assumed the role of chief financial officer in 2005.

MRV Communications (NASDAQ: MRVC) named Mark J. Bonney its President and Chief Executive Officer effective December 15, 2014. Mr. Bonney, who has served as Executive Vice President and Chief Financial Officer since August 2014 and as a Director of MRV since April 2013. The Company also promoted Stephen Krulik who has served as Vice President of Finance since May 5, 2014 to Chief Financial Officer. Previously, from 2007, Mr. Krulik served as VP of Worldwide FP&A at Technicolor Creative Services. Prior to Technicolor, Mr. Krulik served in several financial leadership roles.Greg Stanger

Duetto announced the appointment of Greg Stanger as Chief Financial Officer. Stanger comes to Duetto with significant senior level financial management experience at market leading technology companies, including CFO roles at Expedia, Chegg and oDesk. He has also served as a Board Member for companies including Netflix and Kayak, and as a Venture Partner at Technology Crossover Ventures.

American Realty Capital Hospitality Trust, Inc. announced the hiring of Edward T. Hoganson as Chief Financial Officer. Mr. Hoganson will replace Nicholas Radesca, who had been serving as interim Chief Financial Officer since May 23, 2014. Mr. Hoganson comes to ARC Hospitality from Crestline Hotels and Resorts, Inc. where he served as Executive Vice President and Chief Financial Officer. Prior to joining Crestline, he was senior vice president of acquisitions for Sunrise Senior Living, and earlier led the asset management efforts for Highland Hospitality Corporation during its initial public offering in 2003.

Table Trac, Inc. (OTC: TBTC) appointed current CFO, Brian Hinchley, to the position of Interim CEO.

Miraval Group announced the appointment Andrea Persily as CFO. Andrea Persily most recently served as COO and CFO of SpaFinder. Prior to SpaFinder, Persily spent 10 years at Primedia, serving as COO of its B2B publications and CFO of its internet operations.

American Systems announced that its Chief Financial Offer (CFO), Mark Danisewicz, plans on retiring in mid-summer 2015 after a 35-year career with the company.

The Trade Desk, Inc. announced that Paul Ross has joined the company as its Chief Financial Officer. Ross has worked in accounting and finance for more than eighteen years, earning his CPA license while at PriceWaterhouseCoopers LLP in the 1990s.

Sloan announced that Bernard Peters has joined their organization as Vice President, Global Finance and Chief Financial Officer (CFO). He previously served as CFO at EveryWare Global, the second largest U.S. glass manufacturer. Prior to that, he was the CFO at Heartland Automotive Services, the largest Jiffy Lube franchisee in the U.S. and at the Pampered Chef, Ltd.

Quicksilver Resources Inc. (NYSE: KWK) announced that Vanessa Gomez LaGatta, Quicksilver’s Vice President since 2009, will be appointed to the position of Senior Vice President – Chief Financial Officer and Treasurer effective January 1, 2015. Ms. LaGatta also served as Quicksilver’s representative on the Board of Directors of Crestwood Midstream Partners GP LLC (the general partner of a publicly-traded midstream services provider) from August 2012 to October 2013. Prior to joining Quicksilver, Ms. LaGatta served as a Director of Credit Suisse’s Investment and Corporate Banking group, where she held various positions of increasing responsibility from 2001 to 2009.

ReWalk Robotics Ltd. (NASDAQ: RWLK) announced the appointment of Kevin W. Hershberger, former controller and Chief Accounting Officer at NxStage Medical Inc., as Chief Financial Officer of the Company effective January 1, 2015. Ami Kraft has elected to transition from his current role as the Chief Financial Officer to a new role as General Manager of ReWalk’s Israel organization, and will assume his new role effective January 1, 2015. Kevin Hershberger most recently served as Vice President, Controller and Chief Accounting Officer at NxStage Medical Inc. Prior to NxStage, Mr. Hershberger worked for nearly ten years in positions of increasing responsibility at the NYSE-listed Boston Scientific Corporation, ultimately serving as Controller/Director Finance—Urology & Gynecology.  Mr. Hershberger began his career as an accountant at the USG Corporation.

HII Technologies, Inc. (OTC: HIIT) announced the hiring of Acie Palmer as the Company’s new Chief Financial Officer (CFO). In connection with Mr. Palmer’s appointment as CFO, Matt Flemming resigned as the Company’s CFO. Mr. Flemming continues to serve as the Company’s Chairman and Chief Executive Officer. Most recently, Mr. Palmer was the Chief Financial Officer for Certus Energy Solutions. Previously, Mr. Palmer held positions ranging from Vice President of Operations, Corporate Assistant Treasurer and Director of Planning and Analysis at Key Energy Services (KEG) and Division Controller at Basic Energy Services Inc. (BAS).

Bob Evans Farms, Inc. (NASDAQ: BOBE) announced that its Board has established an interim Office of the Chief Executive. The Office of the CEO is to be filled by Mark Hood, Chief Financial Officer, and another executive from the company. Mark Hood was named Chief Financial Officer of Bob Evans Farms, Inc. in June 2014. Prior to joining Bob Evans, he served as Senior Vice President and Chief Financial Officer of the Brown Shoe Company, from 2006 to 2012. Previously, he served as Senior Vice President and Chief Financial Officer with Panera Bread Company, from 2003 to 2006, after joining that company in 2002. His prior experience includes two decades of service with May Department Stores Company, Inc., Saks Holdings, Inc., and U.S. Loyalty Corporation, in various financial and administrative senior management roles.

TrustCo Bank Corp NY (NASDAQ: TRST) announced that Executive Vice President and Chief Financial Officer Robert T. Cushing is retiring from the Company on May 31, 2015. Mr. Cushing has assumed the new role of Chief Operating Officer and will assist his successor in the orderly transition of the CFO responsibilities through his retirement in May. The company also announced that Michael M. Ozimek, has been named Senior Vice President and CFO. Mike has been with TrustCo for twelve years. Prior to joining TrustCo Mike worked at the accounting firm KPMG.

Simon Property Group, Inc. announced that Andrew Juster will become Executive Vice President — Chief Financial Officer of Simon Property Group, Inc., succeeding current Chief Financial Officer Stephen E. Sterrett.  Mr. Juster has been with Simon for more than 25 years and has served as Simon’s Treasurer since 2000.

CFO Moves is published by Samuel Dergel (Executive Search Consultant and CFO & Financial Executive Search Specialist with Stanton Chase International). Samuel can be reached by email at s [dot] dergelatstantonchase [dot] com or by phone at +1 (415) 738-2070.