From the February 2009 issue of Treasury & Risk magazine

Keeping Track of Finance Executives

Chevron Corp., the $220.9 billion oil and chemical company based in San Ramon, Calif., promoted Patricia Yarrington, 52, to vice president and CFO. Yarrington, who was vice president and treasurer, replaces Steve Crowe, 61, who retired after 36 years. Pierre Breber, 44, succeeds Yarrington as vice president and treasurer. Yarrington, a 10-year Chevron veteran, has held a variety of positions, including president of Chevron Canada Ltd. and vice president of policy, government and public affairs.

Financial Executives International, the professional organization in Florham Park, N.J., named Marie N. Hollein president and chief executive. Hollein, managing director of KPMG's Treasury Practice, brings more than 30 years of corporate and financial services experience to her role. She replaces James J. Abel, interim CEO and president. Previously, she was a vice president and regional director for Ruesch International. An FEI member since 2000, she was national area director at large for the Midwest.

Lowe's Cos., the $48.3 billion Mooresville, N.C.-based chain of home improvement superstores, named Marshall Croom to the newly created position of senior vice president and risk officer. Croom, who most recently was senior vice president of merchandising and store support, is responsible for managing enterprise risk, workers' compensation, loss prevention, safety, internal audit and quality assurance. Croom joined Lowe's in 1997 and served as senior vice president of finance, treasurer and assistant treasurer.

Constellation Energy Group, the $21.2 billion Baltimore, Md.-based electricity supplier, added the title of treasurer to Reese K. Feuerman's positions as executive vice president and chief accounting officer. Feuerman, 43, joined Constellation in 2002 as vice president and controller and assumed the additional role of chief accounting officer in 2007. Bryan P. Wright, 42, moves up to controller and vice president. He was previously vice president and controller of the Constellation Energy Resources subsidiary.

Cadbury PLC, the global $15.9 billion candy and beverage company, named Andrew Bonfield, 46, board member and CFO designate, slated to take over from Ken Hanna, 55, when he retires in April. Bonfield has 10 years experience as a CFO, including eight years at two of the world's largest pharmaceutical companies. Most recently, he was CFO of Bristol-Myers Squibb. Previously, he was executive director of finance at BG Group and CFO or SmithKline Beecham, before its merger with Glaxo Wellcome.

CBS Corp., the $14.1 billion New York-based entertainment business, promoted Joseph Ianniello, 40, to the new position of deputy CFO. He had been senior vice president, chief development officer and treasurer. Ianniello will work with senior management to develop the company's financial strategy across all operations, while still being responsible for worldwide treasury, corporate development and risk management. He previously was Viacom senior vice president and vice president of corporate development.

AstraZeneca North America, the $13.3 billion Wilmington, Del.-based unit of the international pharmaceutical and healthcare business, appointed Graham Baker, 40, vice president and CFO. He replaces David V. Elkins, who became CFO of Becton Dickinson and Co. Baker has 18 years of finance experience, including 13 at AstraZeneca, where he has held a variety of finance leadership positions. Most recently, he was regional finance director, Asia Pacific, based in Singapore.

GEICO, the Chevy Chase, Md., auto insurance unit of Berkshire Hathaway, elected Mike Campbell senior vice president and CFO. Campbell was hired in 1982 as manager of corporate financial reporting and then promoted to director in 1985. He became associate controller in 1986 and was named vice president in 2003. Two years later, he was elected to the board. Campbell also serves as a director of the GEICO Philanthropic Foundation, Plaza Investment Managers and Plaza Resources.

OppenheimerFunds Inc., the $9.6 billion New York-based mutual funds manager, named Geoffrey J. Craddock, 49, vice president and director of risk management and asset allocation. Formerly senior vice president and head of market risk management for CIBC. He managed market risk globally for investment banking, trading and retail activities. At OppenheimerFunds, he will oversee the fixed income and equity portfolio risk management functions and develop a firm-wide approach to evaluating risks.

Calpine Corp., the independent $8 billion San Jose, Calif.-based power producer and marketer, has named Zamir Rauf CFO and executive vice president. Rauf had been interim CFO and treasurer since Lisa Donahue left after a June restructuring. Before that, he was senior vice president of finance and treasurer at Calpine. Prior to joining the company in 2000, he held various accounting and finance roles with Enron North America and Dynegy Inc. and worked at Comerica in credit and lending roles.

Borders Group Inc., the $3.8 billion Ann Arbor, Mich.-based bookstore chain, promoted Mark Bierley, 42, to the position of CFO and executive vice president as part of a management shakeup following an 11 percent drop in sales for the holiday season. Bierley replaces Ed Wilhelm, 50, who will stay on for a transition period. Bierley, who joined Borders in 1996, has progressed through a variety of management positions, including inventory and financial posts, most recently as senior vice president of finance.

The Standard Register Co., a Dayton, Ohio-based $865 million business forms printer, announced that Robert M. Ginnan, 45,will replace Craig J. Brown, 59, who plans to retire on March 1 following a corporate restructuring. Ginnan, who most recently served as corporate controller, has held a number of operational finance roles since he joined the company in 1992. Previously, he was the controller at Shaw-Burton. Brown, a 22-year company veteran, has served as senior vice president, treasurer and CFO since 1995.


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