From the June 2009 issue of Treasury & Risk magazine


Public Service Enterprise Group, a Newark, N.J.-based energy company with $13.3 billion in 2008 revenue, appointed board member Caroline Dorsa CFO and executive vice president. Dorsa, 50, will step down from the PSEG board. She replaces Thomas O'Flynn, who has left the company. Dorsa most recently served as senior vice president for global human health, strategy and integration at Merck & Co. Earlier, she was CFO at both Avaya and Gilead Sciences and spent more than 12 years as Merck's treasurer.

Dish Network, an $11.6 billion pay television provider in Englewood, Colo., appointed Robert Olson CFO and executive vice president. He succeeds Bernie Han, who becomes COO. Olson, 50, most recently served as CFO of Trane Commercial Systems, the largest operating division of American Standard. Previously, he was CFO of AT&T's consumer services division and later its business services division. Olson has also served in executive positions in finance, marketing operations and planning at American Airlines.

Lubrizol, a Wickliffe, Ohio-based specialty chemical company with $5 billion of 2008 revenue, promoted Brian A. Valentine to treasurer. He takes over the treasury responsibilities from Charles P. Cooley, who continues to serve as Lubrizol's CFO and senior vice president. Valentine, 40, joined the company in 1998, moved to the treasury department in 2002 and was named assistant treasurer in 2008. Before joining Lubrizol, Valentine worked in finance and audit positions at Allen Telecom and Coopers & Lybrand.

PerkinElmer, a Waltham, Mass., technology services company with $1.9 billion in 2008 revenue, appointed Frank Wilson CFO and chief accounting officer. Wilson, 50, joins PerkinElmer from Danaher Corp., where he worked for 12 years and most recently served as corporate vice president of investor relations. Earlier, Wilson worked at Allied Signal, where he last served as CFO of the commercial aviation systems unit. He succeeds interim CFO Mike Battles, who will become CFO of PerkinElmer's human health business.

OGE Energy, an Oklahoma City-based energy and energy services provider with $4 billion in 2008 revenue, appointed Sean Trauschke CFO. He succeeds Scott Forbes, who had served as interim CFO since the departure of Jim Hatfield last summer. Most recently, Trauschke, 42, served as senior vice president of investor relations and financial planning for Duke Energy. Earlier, he had served as Duke's chief risk officer and general manager of business unit finance., and had worked in treasury, purchasing and strategic sourcing roles.

CME Group, the Chicago operator of commodities and futures exchanges with $2.6 billion in 2008 revenue, promoted John Pietrowicz to deputy CFO and managing director. Before joining CME Group in 2003, Pietrowicz, 45, served as CFO of the Merchants' Exchange, an electronic commodities exchange based in Chicago, and worked in finance positions at Ameritech and its SecurityLink subsidiary. In his new position, Pietrowicz will oversee CME Group's finance, treasury, real estate, and mergers and acquisitions.


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