CFO Moves (November 5)

CFO promoted at Cracker Barrel, demerger specialist at Foster’s Group.

By Denise Bedell

In a move to realign its management structure, US restaurant and gift chain owner Cracker Barrel Old Country Store, promoted CFO Sandra Cochran to the position of president and chief operating officer. She takes over the Restaurant and Retail operations, Retail Merchandising, and Real Estate operations.

Before joining Cracker Barrel, Cochran was CEO of book retailer Books-A-Million and also served as VP Corporate Finance at SunTrust Securities.

After posting better-than-expected results in the third quarter—on the back of solid cost-cutting efforts, increased revenues, and a 20 percent growth in net income—Cracker Barrel is benefitting with a rising outlook from rating agency Standard & Poor’s and strong share price growth.

Global beverages maker Foster’s Group has brought in demerger expert Tony Reeves on a fixed term contract as CFO. The company is evaluating a potential demerger of its beer and wine businesses and Reeves, who has held posts with OneSteel and ICI Group, will lead up the process.

Vodafone Qatar - the JV of Vodafone Group and Qatari state-owned firm Qatar Foundation, has lost its CEO, Grahame Maher. Maher passed away this week of a heart attack, according to the company. CFO John Tombleson will take over as acting CEO. Vodafone Qatar was set up in 2007 after Vodafone won the bid for a mobile licence only the second one offered in the country.

Michael McFerran - COO at KKR Financial Holdings—will add the title of chief financial officer, succeeding Jeffrey Van Horn, who takes over as global director of tax for parent company Kohlberg Kravis Roberts & Co.

Primus Guaranty has promoted its CFO and COO, Richard Claiden, to the post of chief executive officer. He takes over immediately from current CEO Thomas Jasper.

Regional US airline operator Republic Airways Holdings announced this week that CFO Hal Cooper will retire in 2011. The airline operator owns Chautauqua Airlines, Frontier Airlines, Lynx Aviation, Republic Airlines and Shuttle America, and also runs a number of regional lines for American Airlines, Continental, Delta, United and US Airways.

SandRidge Energy - the oil and gas company—announced the resignation of Chief Financial Officer Dirk Van Doren.

Gold exploration firm Malbex Resources announced the resignation of its Chief Financial Officer, Derrick Weyrauch. Weyrauch will end his tenure in January next year.

Lithium Americas has appointed Ian Fodie as CFO, replacing Raymond Mitchell, who has resigned. Fodie previously held positions as President and CEO of Woulfe Mining, CFO of Resinco Capital Partners, and CFO and VP of Operations for Mainframe Entertainment.

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