From the May 2011 issue of Treasury & Risk magazine

Financial Executives: Keeping Track

Paul Bennett, Russell Fong, David Brearton, James Saccaro, Martin Klein, Craig Callé, Angela Nagy, Roger Carlile, Claude Pumilia, Carlos Ruisanchez, Jonathan Chadwick, Patrick Puzzuoli

Chevron Corp., the $205 billion oil and gas company based in San Ramon, Calif., appointed Paul Bennett treasurer and vice president. He replaces Pierre Breber, who was named deputy managing director of the Asia South business unit in Chevron’s international exploration and production business. Bennett, 57, served as vice president of finance, downstream and chemicals, since 2009. He has held various finance positions, including manager of tax compliance and audits for Chevron U.S.A., since joining the company in 1980.

Calpers named Russell Fong CFO. This is a new position for the California Public Employees’ Retirement System, which is the largest pension fund in the United States, with $230 billion in assets. Fong, 46, was formerly the interim assistant executive officer of Sacramento-based Calpers’ administrative services branch. He joined the pension fund in 2005 as chief of fiscal services. Earlier, he served as CFO for the California Health and Human Services Agency Data Center and worked at California Bank & Trust.

Kraft Foods, the $49 billion food company, promoted David Brearton to CFO. He succeeds Timothy McLevish, who is leaving Northfield, Ill.-based Kraft to pursue general management opportunities. Brearton, 50, served as Kraft’s executive vice president of operations and business services since 2008. Since joining Kraft in 1984, he has also served as executive vice president of global business services and strategy, corporate controller, and senior vice president of finance for Kraft Foods International.

Baxter International, the $12.8 billion pharmaceutical and medical devices company in Deerfield, Ill., appointed James Saccaro treasurer. He replaces Robert Hombach, who was promoted to CFO last year. Saccaro, 38, most recently was Baxter’s vice president of strategy. Since joining the company in 2002, he has also served as vice president of financial planning and vice president of finance for Europe, Middle East and Africa. Prior to joining Baxter, Saccaro worked in strategy and business development at Clear Channel  and Walt Disney Co.

Genworth Financial, a $5.9 billion financial services company in Richmond, Va., named Martin Klein CFO and senior vice president. He replaces Patrick Kelleher, who remains with the company as executive vice president and head of its retirement and protection business. Klein, 51, joins Genworth from Barclays Capital, where he was a managing director. Earlier, he was head of the insurance and pension solutions groups at Lehman Brothers, president of Lehman Re, a reinsurance subsidiary, and Leh-man’s chief insurance strategist.

Maxum Petroleum, an energy logistics company in Greenwich, Conn., appointed Craig Callé CFO and senior vice president. He replaces Michel Salbaing, who was named senior vice president of integration. Callé, 51, joined Maxum in January with responsibility for treasury, corporate finance and risk management. Previously, he was vice president of finance for the digital media and North American book sectors at He has also worked at Gateway, Crown Cork & Seal and Salomon Brothers. Maxum had 2010 revenue of $3.2 billion.

AGL Resources, an Atlanta-based natural gas company with $2.4 billion in 2010 revenue, named Angela Nagy controller and vice president. She replaces Bryan Seas, who continues to serve as the company’s chief accounting officer and senior vice president. Nagy is joining AGL from Mirant Corp., where she was most recently controller. Earlier, she served as Mirant’s assistant controller and director of corporate accounting and reporting. Prior to joining Mirant, Nagy worked at Arthur Andersen.

FTI Consulting, a $1.4 billion consultancy in West Palm Beach, Fla., named Roger Carlile CFO. He succeeds David Bannister, who was appointed chairman of the North American region. Carlile, 48, served as FTI’s executive vice president and chief administrative officer since 2010, and he will keep some administrative duties. He joined FTI in 2003 as global leader of the forensic and litigation consulting practice from KPMG, where he also led forensic services. Carlile has also worked at PricewaterhouseCoopers.

CIBER, a $1 billion IT consulting and outsourcing company in Greenwood Village, Colo., appointed Claude Pumilia CFO, treasurer and executive vice president. He replaces Peter Cheesbrough, who is leaving to pursue board directorships. Pumilia, 43, was CFO of the city and county of Denver since 2007. Earlier, he served as senior vice president of finance at CA Technologies and vice president of finance at Hewlett-Packard. He has also worked at Compaq, McKinsey, Andersen Consulting and the law firm Baker & Botts.

Pinnacle Entertainment, a Las Vegas-based casino company, named Carlos Ruisanchez CFO. He succeeds Stephen Capp, who left the company in March. Ruisanchez, 40, remains Pinnacle’s executive vice president of strategic planning and development. He joined Pinnacle in 2008 from Bear Stearns, where he was a senior managing director focusing on gaming, lodging and leisure industries. Prior to joining Bear Stearns’ investment banking department in 1997, he worked at Aetna. Pinnacle had $1 billion in 2010 revenue.

Skype Technologies, the provider of Internet-based telephone service that plans an initial public offering later this year, hired Jonathan Chadwick as its CFO. He replaces Adrian Dillon, who left the Luxembourg-based company. Chadwick, 45, was previously CFO at McAfee, the security software company that was acquired by Intel earlier this year. Prior to joining McAfee in 2010, he spent 13 years in finance at Cisco in positions including controller and chief accounting officer and CFO of global customer markets.

Duff & Phelps Corp., a $375 million financial advisory and investment banking firm in New York City, promoted Patrick Puzzuoli to CFO and executive vice president. He succeeds Jacob Silverman, who was named head of investment banking. Puzzuoli, 40, had been Duff & Phelps’ managing director of finance since 2008 and earlier served as its controller and director of finance for four years. Before joining Duff & Phelps, he was director of strategy and financial analysis at Jupiter Media Metrix and worked at Madison Square Garden.



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