From the December-January 2011 issue of Treasury & Risk magazine

Financial Executives: Keeping Track

Wal-Mart Stores, the Bentonville, Ark.-based retailer with $405 billion in 2009 revenue, appointed Jeff Davis treasurer and senior vice president. He succeeds Charles Holley, who was promoted to CFO in September. Davis, 47, was formerly senior vice president of finance and strategy. Before joining the company in 2006 as vice president of finance for Wal-Mart's U.S. health and wellness merchandise unit, Davis was CFO for Lakeland Tours and McKesson General Medical, and worked in finance at Hillman Co.

American International Group, the $64 billion insurer, named Brian Schreiber executive vice president of treasury and capital markets, a new position. Schreiber will oversee treasury, strategic planning, investor relations, and the development of AIG Markets, which will run the company's assets and debt obligations in partnership with the asset management group. Schreiber, most recently head of strategic planning, joined AIG in 1997 as a portfolio manager in its global investment group.

Best Buy, the $49 billion consumer electronics retailer based in Richfield, Minn., appointed Chris Gould treasurer and vice president of finance. He replaces Ryan Robinson, who now serves as CFO for the company's U.S. operations. Gould, 41, joins Best Buy from Wal-Mart, where he worked for 11 years, most recently as head of capital markets in the treasury department. Gould also worked in finance positions in Wal-Mart's international division, financial services, corporate finance, and planning and analysis units.

New York Life Insurance Co., the $14 billion mutual life insurer, named John Fleurant controller and senior vice president of finance. He replaces John Cullen, the company's controller since 2002, who is retiring in March after 40 years with the company. Fleurant, 48, was most recently controller at Prudential Financial, where he worked for 15 years, including a stint as CFO for Prudential's domestic businesses. Before joining Prudential, Fleurant was a senior manager at Deloitte & Touche, where he worked for nine years.

Parker Hannifin, a $10 billion maker of pumps and controls for aerospace and other industries, promoted Jon Marten to CFO and executive vice president of finance and administration. He replaces Timothy Pistell, who is retiring after 41 years with the Cleveland-based company. Marten, 54, has been controller since 2008. He joined Parker Hannifin in 1987 as a financial analyst and was named controller of the aerospace group in 2004 and assistant controller in 2007.

First Data, a $9.4 billion e-commerce and payment processing company in Atlanta, appointed Ray Winborne CFO. He has served as acting CFO and executive vice president since May, when former CFO Pat Shannon left the company in a management reorganization. Winborne, 42, joined First Data in 2009 as controller and senior vice president of finance. Prior to that, he served as corporate controller and chief accounting officer at both BellSouth and Delta Air Lines.

Apache Corp., an $8.6 billion oil production and exploration company, promoted Thomas Chambers to CFO and executive vice president. He succeeds Roger Plank, who continues to serve as president. Chambers, 55, most recently was Houston-based Apache's vice president of planning and investor relations. He joined Apache 15 years ago as director of planning and has also served as vice president of corporate planning. Earlier, Chambers worked in inter- national business development at Pennzoil.

McGraw-Hill, the $5.9 billion publishing and financial information company, hired Jack Callahan as CFO and executive vice president. He succeeds Robert Bahash, who was named president of the company's education business. Callahan, 52, is joining McGraw-Hill from Dean Foods, where he served as CFO since 2006. Earlier, he worked at PepsiCo in positions including senior vice president of corporate strategy and development and CFO for Frito-Lay International. Prior to joining PepsiCo, Callahan worked at GE and McKinsey.

Gannett Co., the $5.6 billion publisher of USA Today and other newspapers, named Paul Saleh CFO and senior vice president. He replaces Gracia Martore, who was promoted to president and chief operating officer earlier this year. Saleh, 53, most recently was a managing partner at Menza Partners, a consulting firm he started after he left Sprint, where he served as CFO from 2005 to 2008. Saleh was CFO of Nextel from 2001 to 2005, and earlier served as CFO of Walt Disney International and treasurer at Honeywell.

PayPal, the $2.8 billion electronic payments unit of eBay, named Patrick Dupuis CFO. He succeeds Mary Hentges, who left to become CFO at CBS Interactive. Prior to joining San Jose, Calif.-based PayPal, Dupuis, 48, was global CFO for Sitel. Earlier, he served as CFO for BJC Healthcare and spent 20 years at General Electric, where his positions included CFO and vice president at GE Healthcare, a $10 billion division, and vice president and general manager of GE Capital International Services.

Granite Construction, a $1.9 billion Watsonville, Calif.-based company that focuses on infrastructure projects, appointed Laurel Krzeminski CFO and vice president. She has served as interim CFO since June, when LeAnne Stewart left to pursue other opportunities. Krzeminski, 56, joined Granite in 2008 as controller and vice president. From 1993 to 2007, she worked in finance jobs at Gillette, including serving as finance director for the Duracell and Braun units in North America. Krzeminski started her career in public accounting.

KKR Financial Holdings, a San Francisco-based investment affiliate of Kohlberg Kravis Roberts & Co. with 2009 investment income of $572 million, named its chief operating officer, Michael McFerran, to the additional role of CFO. He succeeds Jeffrey Van Horn, who was named global director of tax for Kohlberg Kravis Roberts. McFerran, 38, joined KKR in 2005. He previously worked in the financial services practice at Ernst &Young and at XL Capital and American Express.


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