From the October 2005 issue of Treasury & Risk magazine

People On The Move

FORD MOTOR CO., THE $171.6 billion automaker based in Dearborn, Mich., named Robert Shanks vice president and controller for the Americas, a region in which the company makes more than half its auto sales. He replaces John Rickel, who resigned for personal reasons. Shanks, 52, most recently was vice president for operations support, finance and strategy for Ford Europe and the Premier Automotive Group. Since joining Ford in 1977, he has served as CFO for Mazda Motor Corp. and led finance functions for Ford's Asia-Pacific operations and for the Ford Lio Ho Motor Co. in Taiwan.

Office Depot Inc., the $13.5 billion office products chain based in Delray Beach, Fla., named Patricia McKay CFO and executive vice president. She succeeds Charles Brown, who was named president of the company's international operations in April. McKay, 47, has served on Office Depot's board since May 2004. She joins the company from Restoration Hardware Inc., the $525.6 million home furnishings chain, where she has been CFO and executive vice president since 2003. Earlier, McKay worked in finance at AutoNation Inc. and Dole Food Co., where her final position was controller and vice president of finance. She started her career as an accountant.

Goodrich Corp., the $4.7 billion supplier to the aerospace, defense and security industries, promoted Scott Kuechle to CFO and senior vice president. Kuechle succeeds Rick Schmidt, who left to become CFO of Spirit AeroSystems Inc., a subsidiary of Onex Corp. Kuechle, 45, had been Goodrich's controller and vice president since 2004. He has worked in finance and accounting throughout his 22 years with Charlotte, N.C.?? 1/2 based Goodrich. Kuechle was named Goodrich's director of finance and banking in 1994 and was appointed treasurer and vice president in 1998.

Genworth Financial Inc., an $11.1 billion insurance company, named Scott Lindquist vice president and controller. He succeeds Jamie Miller, who is leaving to become a consultant at PricewaterhouseCoopers LLC. Lindquist, 41, joins Genworth from The Phoenix Cos., where he was chief accounting officer. Earlier, he was an audit partner at PricewaterhouseCoopers.

The Great Atlantic and Pacific Tea Co., the $10.8 billion supermarket chain based in Montvale, N.J., promoted its corporate controller, Brenda Galgano, to CFO and senior vice president. She succeeds Mitchell Goldstein, who is leaving the company. Galgano, 36, joined A&P in 1999 as director of corporate accounting after spending eight years at Price Waterhouse. She was named corporate controller in 2002.

Northwest Airlines Corp., the $11.2 billion Minnesota-based airline, hired David Davis as its controller and senior vice president of finance. He succeeds Jeff Putnam, who resigned. Davis, 39, most recently was CFO of KRATON Polymers LLC. Earlier, he was CFO and executive vice president of finance at US Airways, vice president of financial planning at Budget Group Inc. and worked in finance at Delta Air Lines Inc. and Northwest. KRATON, a private company based in Houston, hired Raymond Guba to replace Davis as CFO and vice president. Guba joins Kraton from General Electric Co., where he had worked for 19 years, most recently as CFO for GE Energy's installations and field services business.

When $22.5 billion Duke Energy Corp. of Charlotte, N.C., merges with $4.6 billion Cinergy Corp. of Cincinnati, Ohio, in 2006, David Hauser will serve as CFO of the combined company. Hauser, 54, is currently CFO and group vice president of Duke Energy. He has worked for Duke for 30 years and has been its CFO since 2003. Earlier, he served as controller, treasurer and vice president of procurement services and materials. The merged entity is expected to have annual revenues of $27 billion.

Celanese Corp., a $3.8 billion chemical company based in Dallas, Texas, hired John Gallagher as CFO and executive vice president. He replaces Corliss Nelson, who left to pursue other interests. Gallagher, 41, most recently was CEO and earlier CFO of Great Lakes Chemical Corp., which merged with Crompton Corp. in August to form Chemtura Corp. Before joining Great Lakes, Gallagher was CFO of UOP LLC and the Bendix division of AlliedSignal Inc. He started his career at Price Waterhouse LLP.

Lexmark International Inc., the $5.3 billion printer and imaging solution company based in Lexington, Ky., named John Gamble Jr. CFO and executive vice president. He replaces Gary Morin, who is retiring. Gamble, 42, most recently was CFO and executive vice president of Agere Systems Inc., a $1.9 billion semiconductor manufacturer. Since joining the company in 2001, he had also served as Agere's treasurer and business controller. Earlier, Gamble worked in finance at AlliedSignal Inc., Honeywell International Inc. and General Motors Corp. He started his career as an electrical engineer at Bethlehem Steel Corp. Agere said its executive vice president of global operations, Peter Kelly, will succeed Gamble as CFO. Kelly, 48, joined Agere in 2000 after working at Fujitsu-ICL Systems Inc., where he served as CFO for three years.

Gateway Inc., the $3.6 billion personal computer company based in Irvine, Calif., named John Goldsberry CFO. He succeeds Rod Sherwood, who retired. Goldsberry, 51, joined Gateway in 2004 when it acquired eMachines Inc., where he was CFO. He was appointed Gateway's head of operations, IT and customer care in early 2005. Before joining eMachines, Goldsberry was CFO of TrueSpectra Inc. and Good Guys Inc., and worked in corporate finance at Salomon Brothers and Morgan Stanley.

Newmont Mining Corp., the $4.5 billion mining company based in Denver, Colo., said it hired Richard O'Brien as CFO and senior vice president. As CFO, he succeeds Bruce Hansen, who will remain senior vice president and oversee technical services. O'Brien, 51, joins Newmont from AGL Resources Inc., where he has been CFO and executive vice president. Earlier, O'Brien worked at Mirant Corp. and PacifiCorp.

Sara Lee Branded Apparel Americas/Asia, a unit of Sara Lee Corp., appointed E. Lee Wyatt to the new position of CFO. Sara Lee plans to spin off the $6.4 billion unit as an independent public company in 2006. Wyatt, 52, most recently was CFO, treasurer and executive vice president of Sonic Automotive Inc. Earlier, he was CFO of Sealy Corp., senior vice president of finance and administration at Brown Shoe Co., and spent seven years at Deloitte Haskins & Sells in audit and tax planning.

GMAC Mortgage Corp., a $2.1 billion subsidiary of General Motors Acceptance Corp., named Dave Bricker CFO. He succeeds Jim Hillsman, who was named COO for consumer operations. Bricker, 43, joined the Horsham, Pa.?? 1/2 based company in 1996 as chief auditor. Since then, he has held several positions in finance and risk management and most recently served as chief accounting officer. Earlier, Bricker was director of internal audit for the Penn Mutual Life Insurance Co.


Advertisement. Closing in 15 seconds.