New CFOs at Charter, Hostess Brands, while CFO resigns at Smith & Wesson.
By Denise Bedell
Charter Communications has a new EVP and chief financial officer. The US telecommunications company has hired Christopher Winfrey for the job. Winfrey will handle accounting, financial planning and analysis, and tax and treasury functions, along with M&A, capital structure activities and investor relations, according to the company. He joins from Unitymedia - a German telecommunications company and the second-largest broadband internet provider in the country.
Winfrey takes over the post from intereim CFO Kevin Howard, who has been filling the shoes vacated by former finance chief Eloise Schmitz, who left the company in July.
Charter - a huge borrower over the years - has had a tough run over the past couple of years, entering Chapter 11 bankruptcy protection in March last year and beginning the arduous task of fully overhauling its financial structure. The company reduced its debt by 40% - or - $8 billion—and emerged from Chapter 11 in late November last year.
Smith & Wesson Holding announced the resignation of its EVP and Chief Financial Officer, William Spengler, as of November 12. While the gun maker searches for a new finance chief, VP Finance for the firearms division - John Dineen - will act as interim CFO and VP and Corporate Controller Deana McPherson will act as interim Chief Accounting Officer.
John Stewart will take over as EVP and CFO at Hostess Brands. Stewart joins from Dr Pepper Snapple Group, where he held the post of EVP and CFO. Before that, he was SVP and CFO at Diageo’s North American operation.
Spectral Capital has appointed Stephen Spalding chief financial officer and director. Spalding was a consultant on corporate governance and risk management.
Robert McMorran has taken over the post of chief financial officer at Archer Petroleum. McMorran replaces current CFO Darren Tindale, who resigned.