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By Matthew Quinn
Lazard announced that Michael J. Castellano intends to retire as chief financial officer, effective March 31, 2011. The financial advisory and asset management firm said Matthieu Bucaille, currently deputy chief executive officer of Lazard Frères Banque in Paris, will take over as CFO on April 1, 2011. Bucaille, 50, will join the Firm's senior management team, effective immediately. He will transfer from Lazard's Paris office to New York during the third quarter of 2010. Castellano, 63, has been Lazard's CFO since August 2001.
AllianceBernstein tapped John B. Howard as its CFO, effective immediately. Howard, 40, joins from AQR Capital Management where he was chief financial officer and chief operating officer. He replaces Robert H. Joseph, Jr., 62, who has served as CFO since 1994 and will retire at the end of 2010. Prior to working at AQR, Howard spent nearly a decade at Knight Capital Group in various financial roles in New York and London, including CFO from 2003-2007.
Nortel Networks announced that its chief restructuring officer and chief financial officer, Pavi Binning, stepped down effective March 21 following the sale of its optical networking and Ethernet businesses to Ciena earlier this month. Binning will stay on with Nortel, which went bankrupt in January 2009, to assist in the completion of the announced business sales and in the transition of certain of his responsibilities. John Doolittle assumed the CFO role. The position of chief restructuring officer will not be filled.
Trinity Industries promoted James E. Perry to the chief financial officer position, effective May 3. He is currently treasurer at the industrial manufacturer. William A. McWhirter II, the current CFO at Trinity, was named group president of the company's construction products segment. McWhirter, 46, joined Trinity in 1985 and has held various accounting and operations positions in the company and has been CFO since 2005.
Goodrich Petroleum said its CFO, David R. Looney, resigned to pursue other business opportunities. Looney will serve as a consultant for the company for six months to assist with the transition process. Jan L. Schott, Goodrich's controller, will become interim chief financial officer, effective March 31.
New York's Metropolitan Transportation Authority appointed a former top Bear Stearns municipal bond banker as its chief financial officer, Bloomberg reported. Robert Foran, a 19-year Bear Stearns veteran who engineered a $15 billion debt restructuring for the MTA a decade ago, will start April 5, according to the news service. Foran, 53, succeeds Gary Dellaverson, who retired in December.
FTI Consulting tapped David G. Bannister as its chief financial officer after Jorge A. Celaya resigned from the position effective immediately and will leave FTI on March 30 to pursue a new business venture. Celaya will be available to consult during a brief transition period. Bannister, age 54, joined FTI in 2005, and has most recently served as chief development officer and chief administrative officer. Prior to joining FTI, Bannister was a general partner of venture capital/merchant banking firm Grotech Capital Group. He is a certified public accountant.
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