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CFO Moves (November 12) Print E-mail

Possible new CFO at Sprint Nextel, resignation at United Stationers.

By Denise Bedell

Sprint Nextel has finally found a new finance chief. Potentially.

Joseph Euteneuer, CFO of Qwest Communications International, has been tapped by Sprint to take over the chief of finance position from current CFO Bob Brust. So reports the Wall Street Journal here, although no official announcement has been made.

In fact, there are some hurdles in the way before an appointment is announced, according to the Journal. The main hurdle is that Euteneuer won’t be free to accept the position until Qwest completes its merger with CenturyLink in June next year.

Meantime Sprint is paying through the nose to retain the services of Brust. The WSJ reports that Brust is keen to leave by May. He has been in the job for just over two years—coming out of retirement to take a two-year contract with the telecommunications firm. When the contract expired in May, Brust began earning $50,000 a month—plus he garnered a bonus of stock options and restricted stock with a value of as much as $3 million, according to the report in the Journal.

Victoria Reich, CFO and SVP of United Stationers, has announced her resignation. Reich will stay on the job for one more year to help with recruitment of her replacement and through a transition period, the North American wholesale business products distributor reports.

Mark Guinan, chief procurement officer at Johnson & Johnson, is leaving the firm to step up to the role of CFO at US medical technologies manufacturer Hill-Rom Holdings. Guinan has held a number of finance roles at the US pharmaceutical and consumer goods firm, including VP Finance for the global pharmaceutical group and a similar role within the global R&D and business operations unit. He takes over at Hill-Rom from Greg Miller who became Hill-Rom's CFO in 2005.

Matrix Service announced the departure of its CFO, Thomas Long and its CEO, Michael Bradley, this week. The firm underwent an internal fraud investigation in recent weeks, looking at potential employee embezzlement.

Brand management and licensing firm Cherokee has appointed Mark DiSiena as chief financial officer. He takes over the position in December this year.

Hornby Bay Mineral Exploration has a new CFO. Rebecca Hudson took over as finance chief late last month, the company has announced. She replaces Thomas Devlin, who resigned.

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