CFO Moves (December 3)

New CFO at Questar, Santander UK dissolves CFO position.

By Denise Bedell

Natural gas producer and pipeline operator Questar is bringing in a new chief financial officer from outside when its current CFO and treasurer, Martin Craven, retires in March. Kevin Hadlock, the new finance chief, hails from Constellation Energy Group--where he was CFO of the company’s Baltimore Gas & Electric unit. Before that he held various finance and management positions at General Motors between 1999 and 2004, and was an analyst at Morgan Stanley from 1996 until moving to GM.

Hadlock replaces veteran Craven, who spent the majority of his career with energy companies--including his 20-year stint at Questar.

The company has benefited from good performance over the past year, although its third-quarter profits fell year-on-year after spinning off oil-and-gas exploration and midstream assets, along with gas-management and energy-trading assets, into a separate entity known as QEP Resources.

A number of film industry media outlets are reporting that Ann Mather, former Pixar Animation Studios CFO, looks set to become a board member at troubled studio Metro-Goldwyn-Mayer when it comes out of Chapter 11 bankruptcy protection—which should happen soon.

Company creditors will take over most of the studio’s equity and they are finalizing members of the nine-person board that will oversee the revamped company. Mather also spent time at Village Roadshow and is a board member for Netflix and Google.

Santander UK is reshuffling its management team and will no longer have a CFO position. The UK subsidiary of Spanish banking powerhouse Santander Group will split the job between four executive committee members.

The reshuffle happens on the back of an announcement that current CFO Antonio Lorenzo is leaving the firm to join two other Santander execs at British banking group Lloyds.

European tour operator TUI Travel is promoting commercial director William Waggott to the position of chief financial officer to replace CFO Paul Bowtell, who resigned in October after the firm restated its earnings.

Stetson Oil & Gas has appointed Darren Mould as CFO. Mould replaces Gary Lobb, who resigned.

Prestige Brands, marketer of Chloraseptic and PediaCare products, has hired Ron Lombardi as CFO. He takes over from Pete Anderson, who is retiring. Lombardi was CFO of private-equity-owned Waterbury International Holdings.

Credential verification firm CertiPath has hired Tina Davis as CFO.

Mary Chaput, CFO of wellness company Healthways, will retire at year-end, after nine years with the firm. Controller and chief accounting officer Alfred Lumsdaine will take over the post.

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