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Tushar Morzaria is the new CFO of JPMorgan Chase's investment bank while Cigna CFO Annmarie Hagan abruptly resigned.
By Sheryl Nance-Nash
JPMorgan Chase promoted Tushar Morzaria to CFO of its investment bank, according to Dow Jones, citing an internal memo. He joined JP Morgan in 2004, and was controller of the investment-banking business. Morzaria succeeds Paul Compton, who has been appointed chief administrative officer of its investment-banking business, according to the report.
Cigna announced the resignation of CFO Annmarie Hagan, effective immediately. The health benefits company did not provide a reason for Hagan’s departure, fueling unconfirmed speculation. In a regulatory filing, the company stated: “Ms. Hagan's departure was not caused by any dispute or disagreement over the Company’s accounting principles or practices, financial statement disclosures, ethics policy or otherwise.” Keep in mind that in May 2009, the company's prior CFO Mike Bell resigned.
Thomas McCarthy, Cigna’s vice president and treasurer will serve as acting CFO until a replacement is found. McCarthy was named treasurer in 2008. He began his career at Cigna in 1980, joined another company in 1999, and rejoined Cigna in 2003.
CBS Interactive named Mary Hentges CFO and executive vice president. Hentges previously spent more than seven years as vice president of finance and CFO for PayPal.
Pantry , a convenience store operator, said Mark Bierley will become CFO. Bierley most recently served as chief operating officer and CFO at bookseller Borders Group, where he worked in various roles since 1996.
Stentys, which develops stents to treat Acute Myocardial Infarction (AMI), announced the appointment of Stanislas Piot as CFO. He was previously CFO of French biotech Ipsogen, where he led the company’s IPO on Alternext in Paris as well as subsequent fundraising to finance the development of the company.
Aircell announced the appointment of Norman Smagley will join the company as CFO. He comes with broad-based CFO experience across industries such as technology, financial services, pharmaceutical, retail, among others.
Technology Research appointed Robert Woltilvice president finance, CFO and Corporate Secretary. He most recently was a partner in SFN Professional Services (Tatum), an executive search firm.
Bofi, parent of Bank of Internet USA, said Tom Constantine will become executive vice president, chief credit officer and chief regulatory affairs officer. Prior to joining the bank, he was a senior examiner with the Office of Thrift Supervision, and previously worked as a commercial real estate loan officer.
Zynex, a provider of pain management systems and electrotherapy products, announced Anthony Scalese as CFO. He was most recently CFO for Qualmark.
First American Financial, a provider of title insurance and settlement services for real estate transactions, appointed Max Valdes CFO. He was the company’s interim CFO from January 2006 through March 2006 and from April 2008 to January 2009. He began his career at PriceWaterhouseCoopers.
TSI Healthcare named Kermit Copley CFO and vice president. Copley was previously a partner in the accounting firm of Holden, Moss, Knott, Clark and Taylor.
First Call/Oncothyreon appointed Julie Eastland CFO, vice president, corporate development. She served as CFO and vice president finance and operations at VLST, a privately held biotech company, and previously worked at Dendren, Amgen and Coloradooperations.
Parata Systems, a retail pharmacy automation provider, promoted D.J. Dougherty to CFO. Dougherty joined the company in 2003, and most recently served as executive vice president for finance and operations.
FreightCar America announced the appointment of Joseph McNeely as CFO. He has 25 years experience in finance and accounting, and has spent the last 10 years in the railcar industry.
Pinnacle Holdings Group, owner of Pinnacle Security, named Sean Forrest CFO. Previously, he was managing director at the Privatebank, and has also served as CFO for HSM Electronic Protection Services.
Invision, a provider of advertising planning and sales solutions to the media industry, appointed Kami Ragsdale CFO. Prior to his position, he served as senior vice president of financial planning and analysis at AOL.
INX announced the resignation of Brian Fontana. The company has initiated a CFO search with a particular focus on technical accounting experience.
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