From the December-January 2009 issue of Treasury & Risk magazine


Ford Motor Co., the $172.5 billion auto maker based in Dearborn, Mich., named Lewis W.K. Booth executive vice president and CFO. Booth, 59, succeeds Donat R. LeClair, 56, who retired on Nov. 1. Booth joined Ford in 1978 as a financial analyst at Ford of Europe, and has since held a variety of positions around the world. In October 2005 became executive vice president and chairman of Volvo and Ford of Europe. He also served as executive vice president of Ford's Premier Automotive Group.

American International Group Inc., the $110 billion insurer based in New York that was bailed out by the federal government, appointed David L. Herzog executive vice president and CFO. Herzog, 48, replaces Steven J. Bensinger, 53, who left the company to pursue other opportunities after serving as acting CFO since May. Herzog joined the company in February 2000 and held a variety of financial and management leadership roles before becoming senior vice president and comptroller in June 2005.

The Procter & Gamble Co., the $83.5 billion maker of household products based in Cincinnati, Ohio, named Jon R. Moeller CFO effective, Jan. 1. Moeller, 44, succeeds Clayton C. Daley Jr., 56, who is stepping down from his positions as vice chairman and CFO after 35 years with the company. Moeller joined Procter & Gamble in September of 1988 and held a number of financial and management leadership positions before being named vice president and treasurer in 2007.

The Hartford Financial Services Group Inc., the $25.9 billion diversified insurance and financial services company based in Hartford, Conn., appointed Robert Paiano senior vice president and enterprise chief risk officer. Paiano, 46, replaces Craig Raymond, 47, who is now senior vice president of business development. Most recently, Paiano served as chief risk officer of the company's property casualty operations. Paiano joined the company in 1996 as senior vice president of corporate finance.

Delphi Corp., the $22.3 billion maker of auto parts based in Troy, Mich., named John D. Sheehan vice president and CFO. Sheehan, 48, succeeds Robert J. Dellinger, 47, who resigned as executive vice president and CFO to pursue other opportunities. Sheehan was the company's vice president and chief restructuring officer since October 2005. Previously, Sheehan served as acting chief financial officer from March 2005 and as chief accounting officer and controller from July 2002 through July 2006.

Constellation Energy Group Inc., the $21.2 billion energy company based in Baltimore, Md. that is merging with MidAmerican Energy Holdings, appointed Jonathan W. Thayer chief financial officer. Thayer, 37, replaces John R. Collins, who will assist in completing the merger as an adviser. Thayer, a six-year company veteran, was treasurer since August 2008. From November 2004 to August 2008, Thayer was vice president and managing director for corporate strategy and development.

Occidental Petroleum Corp., the $20 billion oil and gas exploration and production company based in Los Angeles, named Roy Pineci vice president, controller and principal accounting officer. Pineci, 45, succeeds Jim A. Leonard, 58, who retired after 30 years with the company. Pineci was senior vice president for oil and gas since October 2007. He joined the company in June 2005 as vice president for internal audit from KPMG LLP, where he was a partner.

The Goodyear Tire & Rubber Co., the $19.6 billion tire maker based in Akron, Ohio, appointed Darren R. Wells executive vice president and CFO. Wells, 42, replaces W. Mark Schmitz, 57, who resigned to pursue other opportunities. Wells has served as senior vice president of finance and strategy since March 2007. He joined the company in August 2002 as vice president and treasurer and became senior vice president of business development and treasurer in May 2005.

Delta Air Lines Inc., the $19.2 billion air carrier based in Atlanta, Ga., named Hank Halter senior vice president and CFO following its October acquisition of Northwest Airlines. Halter, 43, succeeds Edward H. Bastian, 50, who remains Delta president and adds the title of president and CEO of Northwest, now a Delta subsidiary. A 10-year veteran of Delta, Halter most recently served as senior vice president of finance and supply chain and controller.

BB&T Corp., the $10.7 billion financial holding company based in Winston-Salem, N.C., promoted Daryl Bible to CFO from assistant CFO, effective Jan. 1. Bible, 47, replaces Christopher L. Henson, also 47, who will become chief operating officer and assistant CFO after serving as senior executive vice president and CFO. Bible, a 24-year veteran in the financial services industry, joined the company in January 2008 after 24 years at U.S. Bancorp, where he served as treasurer from 1997 to 2007.

The Bank of New York Mellon Corp., the $9 billion financial services company based in New York, hired Richard Brown as managing director and head of international payment and trade services for Asia. Based in Hong Kong, Brown, with 20 years in the financial services industry, succeeds Gerard Sheridan, who is assuming new treasury services responsibilities in New York. Brown joins the company from Bank of America, where he managed global treasury services in Asia-Pacific.

PHH Corp., the $2.5 billion provider of mortgage and fleet management services based in Mount Laurel, N.J., named Sandra E. Bell executive vice president and CFO. Bell, 51, replaces Clair Raubenstine, 66, who in February 2006 agreed to take the position until the company had successfully restated its financial statements for certain periods prior to December 31, 2005. Bell joins the company from Taurus Advisors LLC, a strategic financial advisory firm where she was managing director.


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