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CFO Moves (April 16) Print E-mail
Friday, 16 April 2010

By Matthew Quinn

Charles Noski will fill Bank of America's vacant CFO spot, effective May 11. Neil Cotty, the bank's chief accounting officer, had been interim CFO since January, when former finance chief Joe Price was named president of consumer, small-business and card banking. Noski held the top finance spot at Northrup Grumman from 2003 to 2005. Prior to that, he was the CFO at AT&T for four years. He also spent 17 years at Deloitte & Touche before joining satellite and wireless communications company Hughes Electronics in 1990. He worked at Hughes until 1999, rising to president and chief operating officer at the then publicly-traded subsidiary of General Motors.

William 'Bill' A. Glaser, Jr. joined Sony Ericsson as its chief financial officer, effective April 16. He succeeds Ulf Lilja, who will return to Ericsson on July 31. Glaser has been a Sony Corporation vice president and head of Sony Group's risk office since 2006. He will report to Sony Ericsson president Bert Nordberg, and will be based at the company's global corporate offices in London, as well as its offices in Lund, Sweden. Glaser has over twenty years experience working for Sony. Prior to running Sony's risk office, he was corporate controller for Sony Electronics, a US subsidiary of Sony.

HealthSouth Corporation named Douglas E. Coltharp as chief financial officer, effective May 6, 2010. He replaces John Workman, who resigned in October. Since May 2007, Coltharp has been a partner at Arlington Capital Advisors and Arlington Investment Partners, a boutique investment banking and private equity firm. Prior to that, Coltharp served 11 years as CFO for Saks Incorporated.

Regal Beloit Corporation announced that its CFO, David A. Barta, will leave the company on May 14 to assume a similar role at another manufacturing company. The manufacturer of mechanical and electrical motion control and power generation products will begin a search for a new chief financial officer immediately.

Signet Jewelers, which operates the Kay Jewelers jewelry stores, appointed Ronald "Ron" Ristau as CFO, effective June 26. Ristau will join Signet on April 15 as chief financial officer designate and will succeed Walker Boyd after he retires on June 25. Ristau spent ten years with New York & Company and the predecessors of the specialty retailer of women's apparel. He was most recently president, CFO and director there.

Minatura Gold tapped John M. Philpott as its CFO, treasurer and assistant secretary. Prior to joining Minatura Gold, he was chief financial officer of Kreido Biofuels, a builder of biodiesel production plants. Before that, he served as a partner with Aegis Advisors, a private management company specializing in mergers and acquisitions. Philpott held the position of CFO, treasurer, and assistant secretary with Miravant Medical Technologies, a publicly held pharmaceutical research and development company, for more than 10 years before joining Aegis.

H&R Block reported that its CFO, Becky Shulman, will leave the company on April 30. While it looks for a new finance chief, Jeff Brown, its corporate controller, will assume the role of interim CFO. Shulman joined H&R Block in 2001 and has served as its CFO since November 2007. No reason was given for her departure.

Somaxon Pharmaceuticals, a specialty pharmaceutical company, named Tran B. Nguyen as chief financial officer. Nguyen was most recently CFO of Metabasis Therapeutics, a publicly-traded biopharmaceutical company that was acquired by Ligand Pharmaceuticals in January. Prior to Metabasis, he was an investment banker at Citi Global Markets and Lehman Brothers.

Richard M. Ubinger resigned as vice president of finance, chief financial officer and treasurer at Universal Stainless & Alloy Products, effective April 30. The company said he is leaving to pursuer other business opportunities. Universal Stainless said it has started a search for a new CFO and that Ronald Hauck, its controller since 2005, will serve as its interim finance chief.

Progress Software Corporation announced that its CFO, Norman "Bud" R. Robertson, will retire this year. Robertson joined Progress Software as its CFO in 1996 and will continue in his current role until his successor is in place and may continue to provide transition support thereafter.

RPM International announced that P. Kelly Tompkins, its chief financial officer, will step down, effective April 30. He has accepted the position of executive vice president of legal, government affairs and sustainability for Cleveland-based Cliffs Natural Resources. Robert L. Matejka, who had previously served as RPM's chief financial officer from 2001 through 2007, has been named as his replacement. Tompkins joined RPM in 1996 as its assistant general counsel, later rising to chief administrative officer in 2006 and chief financial officer in 2008. Matejka retired in 2008, but has provided consulting services to the company on various projects since then.

Charter Communications said Eloise Schmitz, its CFO, will leave the company when her contract expires in July. She will remain with Charter on an interim basis while a search is conducted. No reason was given for her departure.

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