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By Matthew Quinn
Bristol-Myers Squibb's board elected Charles Bancroft as its chief financial officer, effective April 8. He had been serving as the pharmaceutical giant's acting CFO since Jan.1. Bancroft joined Bristol-Myers in 1984 and replaces Jean-Marc Huet, who took over the CFO position at Unilever in February.
K12 announced that Harry T. Hawks will join the online education provider in early May as its chief financial officer. Hawks, 56, joins from Hearst Television, where he was most recently CFO. Prior to working at Hearst, he was a founder of Argyle Television, which merged with Hearst Broadcasting to become Hearst-Argyle Television in 1997.
Alstom hired a new CFO and said its current finance chief will take on a new role within the French power generation equipment and train maker. Nicolas Tissot, currently an executive at GDF Suez, will join Alstom May 17 as CFO. Current CFO Henri Poupart-Lafarge will lead the company's newly expanded power transmission business. Poupart-Lafarge will remain a member of Alstom's executive committee.
Commercial real estate lender iStar Financial announced that its chief financial officer James Burns resigned, effective April 16, 2010. Until a new CFO is hired, other members of iStar's senior management team will assume Burns' responsibilities, the company said in a regulatory filing. iStar did not disclose a reason for the resignation.
Iridium Communications tapped Thomas J. Fitzpatrick as its new CFO, effective April 5. He replaces Eric Morrison, who will continue with the company as senior vice president of Iridium NEXT Financing and Planning. Fitzpatrick served chief financial officer of Centennial Communications Corporation from 2002 until November 2009, when it was sold to AT&T for $2.7 billion.
Coldwater Creek promoted James A. Bell to chief financial officer. He takes over from John E. Hayes III, who has been serving as interim CFO since November 2009. Hayes will continue as senior vice president, general counsel and secretary and has taken on the additional responsibility of directing Coldwater Creek's human resources department. Bell joined Coldwater Creek in September 2009 from Harry & David Holdings, where he was senior VP of finance and planning from 2007 to 2009. He was a senior finance director at The Gap from 2002 and 2007. Bell was most recently VP of financial planning at Coldwater Creek.
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