From the June 2010 issue of Treasury & Risk magazine

Financial Executives: Keeping Track


Bank of America, the Charlotte, N.C.-based financial behemoth with $150.4 billion in 2009 revenue, named Charles Noski CFO and executive vice president. He succeeds Joe Price, who was appointed head of the bank's consumer and small business banking unit earlier this year. Noski, 57, was CFO for AT&T from 1999 to 2002 and for Northrop Grumman from 2003 to 2005. Since leaving Northrop Grumman, he has served on the boards of companies including Morgan Stanley, Microsoft, and Air Products and Chemicals.

Caterpillar, the $32.2 billion equipment manufacturer, named Edward Rapp CFO. He succeeds Dave Burritt, who is retiring. As one of Caterpillar's group presidents since 2007, Rapp's responsibilities included oversight of global finance and strategic support. From 2004 to 2007, Rapp, 53, served as vice president of the Peoria, Ill.-based company's building construction products unit. He joined Caterpillar in 1979 as a pricing analyst and in 2005 was named vice president of the Europe-Africa-Middle East marketing unit.

Bristol-Myers Squibb, the $18.8 billion pharmaceutical company, appointed Charles Bancroft CFO. Bancroft has served as interim CFO since Jean-Marc Huet left the New York City-based company at the end of 2009. Bancroft, 50, has worked at Bristol-Myers for 25 years and most recently served as vice president of finance for its global biopharmaceutical group. From 2002 to 2005, he was vice president of international finance for the company's worldwide pharmaceuticals group.

XL Capital, a Bermuda-based insurance and reinsurance company with $6.2 billion of 2009 revenue, named Irene Esteves CFO and executive vice president. She succeeds Brian Nocco, who left the company at the end of 2009; Simon Rich, XL's controller, served as interim CFO. Esteves, 51, most recently was CFO at Regions Financial. Earlier, she served as CFO at Putnam Investments and for the capital management group of Wachovia Corp. and as controller and head of international finance at Miller Brewing.

NV Energy, a Las Vegas-based utility holding company with $3.5 billion of 2009 revenue, named Dilek Samil CFO, treasurer and senior vice president of finance. She succeeds William Rogers, who resigned in February; E. Kevin Bethel, the company's chief accounting officer, served as interim CFO. Samil, 54, has been president and COO of Cleco Power for the last five years. Earlier, she served as Cleco's CFO, as vice president of finance at FPL Group and as treasurer of FPL and a subsidiary, Florida Power & Light.

Ball Corp., a manufacturer of metal and plastic packaging and aerospace technologies and services with $7.3 billion in 2009 revenue, named Jeff Knobel treasurer. He replaces Scott Morrison, who was promoted to CFO of the Broomfield, Colo.-based company in November. Knobel, 39, has served as Ball Corp.'s senior director of treasury operations since 2005. From 2002 to 2005, he was treasurer and vice president of Ball's European packaging business. Knobel joined the company in 1997.

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