From the November 2010 issue of Treasury & Risk magazine

Financial Executives: Keeping Track


Walmart Stores, the Arkansas-based retailer with $408 billion in 2009 revenue, promoted Charles Holley to CFO. He replaces Tom Schoewe, who is retiring. Holley, 54, had been executive vice president of finance and treasurer. Since joining Walmart in 1994, he has served as senior vice president of finance, controller, and CFO of Walmart International. Earlier, Holley was director of finance for international operations at Tandy Corp. and managing director for its European Memorex division.

Verizon Communications, the $108 billion telecommunications company, named Francis Shammo CFO and executive vice president. He succeeds John Killian, the CFO for New York City-based Verizon since March 2009, who is retiring. Shammo, 49, has been president of Verizon Telecom and Business since 2009, and before that served as president of Verizon Business. Earlier, he was CFO for Verizon Business. Shammo joined Verizon predecessor Bell Atlantic Mobile as general manager for accounting operations in 1989.

ConocoPhillips, the oil company with $149 billion in 2009 revenue, named Jeff Sheets CFO and senior vice president of finance. He replaces Sigmund Cornelius, who recently retired, along with several other executives. Sheets, 52, was previously senior vice president of commercial planning and strategy, as well as treasurer. He began working at Houston-based ConocoPhillips in 1980 as a process engineer, joined the treasury in 1990 as staff finance director, and was named assistant treasurer in 1998.

Aflac, the $18 billion supplemental life and health insurance company, promoted Kenneth Janke to deputy CFO and executive vice president. He will share the deputy CFO title with Martin Durant III until Durant retires at the end of 2011. Janke, 52, was director of corporate services for the National Association of Investors Corp. before joining Columbus, Ga.-based Aflac in 1985. Robin Wilkey, 52, will assume Janke's former role as senior vice president of investor relations.

Viacom appointed James Barge CFO. He succeeds Thomas Dooley, the CFO since 2007, who continues to serve as the company's chief operating officer. Barge, 55, previously was controller, tax and treasury, and executive vice president at the $13.6 billion media company. Before joining New York City-based Viacom in 2008, he was controller at Time Warner. Viacom also promoted Katherine Gill-Charest, 46, to controller and senior vice president, from deputy controller.

Michaels Stores, the $3.9 billion arts and crafts retailer, named Charles Sonsteby CFO and chief administrative officer. He replaces Elaine Crowley, the CFO since 2008, who left the Irving, Texas-based company in August to take the CFO position at Mattress Giant. Sonsteby, 57, had been CFO and executive vice president at Brinker International, operator of such restaurant chains as Chili's, since 2001. In his 20 years at Brinker, Sonsteby worked in positions in accounting, tax, treasury and investor relations.

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