From the February 2010 issue of Treasury & Risk magazine


Morgan Stanley, the $24.7 billion financial services firm, named Ruth Porat CFO. She succeeds Colm Kelleher, the CFO since 2007, who was named co-president of institutional securities. As global head of Morgan Stanley's financial institutions group since 2006, Porat, 52, led the team advising the U.S. Treasury on Fannie Mae and Freddie Mac. Since joining Morgan Stanley in 1987, she also led the company's equity capital markets technology business and served as co-head of the global technology group.

Kellogg, the $12.8 billion cereal manufacturer, promoted Ronald Dissinger to CFO. He succeeds John Bryant, who had served as both COO and CFO of Battle Creek, Mich.-based Kellogg since 2008; Bryant will continue to serve as the company's COO. Dissinger, 50, most recently was CFO and vice president for Kellogg North America. From 2005 to 2007, he held the dual position of CFO of Kellogg Europe and CFO of Kellogg International. Dissinger joined the company in 1987 as supervisor in general accounting at the Mrs. Smith's unit.

SunGard, the Wayne, Pa.-based provider of software and IT services with $5.6 billion of 2008 revenue, named Robert Woods CFO. He succeeds Michael Ruane, who will serve as CFO of SunGard's availability services unit. Woods, 54, was CFO of IKON Office Solutions from 2004 to 2009. Earlier, he did stints as both controller and treasurer at IBM and as vice president of finance for IBM Asia-Pacific and worked in tax, treasury, accounting and finance positions at DuPont. Woods began his career at Deloitte Haskins & Sells.

Owens-Illinois, a Perrysburg, Ohio-based manufacturer of glass containers with $7.9 billion in 2008 revenue, appointed Catherine Neel treasurer and vice president. She succeeds Michael Gannon, who left to pursue other opportunities. Neel is joining Owens-Illinois from NII Holdings, a telecommunications services company, where she had been controller since 2008. She joined NII as assistant treasurer in 1999 and became treasurer and assistant secretary in 2002. Earlier, Neel spent 10 years at BellSouth in treasury, tax and internal auditing roles.

Newell Rubbermaid, the Atlanta-based maker of consumer products with $6.4 billion in 2008 revenue, appointed Juan Figuereo CFO and executive vice president. He replaces J. Patrick Robinson, who is retiring. Figuereo, 54, most recently was CFO of Cott Corp. Earlier, he was vice president of mergers and acquisitions at Wal-Mart and served in a number of positions at PepsiCo, including CFO of Frito-Lay South Europe and CFO of Pepsi-Cola Bottling in Brazil. He began his career at Arthur Andersen.

Armstrong World Industries, a $3.3 billion flooring and cabinet manufacturer, named Thomas Mangas CFO and senior vice president. He succeeds interim CFO Bill Rodruan, who will remain vice president of finance for Amstrong's Americas flooring products division. Mangas, 42, joins the Lancaster, Pa.-based company from Procter & Gamble, where he was CFO of its $28 billion beauty and grooming business. Earlier, Mangas served as CFO of P&G's global fabric care business and for P&G T?ketim Mallari.

MDU Resources, a $5 billion energy company in Bismarck, N.D., promoted Doran Schwartz to CFO and vice president. He succeeds Vernon Raile, who is retiring as CFO and treasurer. Schwartz, 40, most recently was MDU's chief accounting officer. He joined MDU in 2005 from American Express. Nicole Kivisto, 36, MDU's controller since 2005, will add the title of chief accounting officer, and Douglass Mahowald, 60, the company's assistant treasurer since 1992, was promoted to treasurer.

Hanover Insurance Group, a property and casualty insurer with $2.6 billion in 2008 revenue, named Steven Bensinger senior financial officer and executive vice president. He will become the Worcester, Mass., company's CFO in March, succeeding Eugene Bullis, who plans to retire. Bensinger, 54, served as CFO at American International Group from 2005 to 2008, after joining the company in 2002 as treasurer. Earlier, he worked at insurers including Chartwell Re, Trenwick and Combined Specialty Group.

UTStarcom, a provider of networking solutions with $1.6 billion in 2008 revenue, named Kenneth Luk CFO and senior vice president. Viraj Patel, who served as interim CFO since Fran Barton retired in 2008, will continue as the Alameda, Calif.-based company's corporate controller and chief accounting officer. Luk, 58, was CFO of China Sunergy from December 2007 to March 2009. Earlier, he served as corporate controller for Asia and Japan for Freescale Semiconductor Hong Kong, a company spun off by Motorola.

Altera, a San Jose, Calif., semiconductor company with $1.3 billion in 2008 revenue, has hired Ronald Pasek as CFO and senior vice president. He succeeds Timothy Morse, who left Altera in June to become CFO at Yahoo. The acting CFO since June, James Callas, will continue as Altera's vice president of finance and corporate controller. Pasek, 49, joins the company from Sun Microsystems, where he most recently served as corporate treasurer. Earlier in his 19 years at Sun, Pasek was vice president of worldwide finance.

Polymer Group, a $1.1 billion producer of engineered fabrics in Charlotte, N.C., promoted Dennis Norman to CFO. Keith Hall, the interim CFO since Robert Kocourek left to pursue other interests in October, will continue to serve as interim chief accounting officer. Norman, 35, most recently was Polymer Group's vice president of strategy and corporate development. He joined the company in 1999 from First American Corp., where he held positions in corporate banking, strategic planning and investor relations.

Belo Corp., a Dallas-based television company with $733.5 million in 2008 revenue, named Carey Hendrickson to succeed Dennis Williamson as CFO when Williamson retires in March. Hendrickson, 47, will also be senior vice president. He most recently served as Belo's chief accounting officer. Since joining the company in 1992 as manager of financial planning, Hendrickson has served in a variety of positions, including vice president of human resources, vice president of strategic and financial planning and assistant controller.


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