From the June 2011 issue of Treasury & Risk magazine

Financial Executives: Keeping Track

Safra Catz, Thomas Scalera, Aleem Gillani, Phil Gaines, Robert O’Shaughnessy, Barry Saunders

Oracle, the software company in Redwood Shores, Calif., said its president, Safra Catz, will take on the additional responsibilities of CFO. As finance chief, she replaces Jeff Epstein, Oracle’s CFO since 2008, who resigned in April. Catz, 49, has served as Oracle’s president since 2004. She was also the company’s CFO from November 2005 to September 2008, after having served as interim CFO from April to July 2005. Oracle had $26.8 billion in fiscal 2010 revenue.

ITT Corp., the $11 billion engineering and manufacturing company in White Plains, N.Y., named Thomas Scalera CFO. He succeeds Denise Ramos, who will become the company’s CEO after it spins off its water and defense businesses. Scalera, 39, is currently ITT’s vice president of corporate finance. He joined the company in 2006 as director of financial planning and analysis and later led investor relations. Prior to joining ITT, Scalera worked at Dover Corp., R.R. Donnelley and the Pepsi-Lipton Partnership.

SunTrust Banks, the Atlanta-based bank with $170 billion in assets, named Aleem Gillani CFO. He replaces Mark Chancy, who was ap-pointed to the new position of wholesale banking executive. Gillani, 49, has served as the bank’s treasurer since March 2010 and earlier was chief market risk officer. Before joining SunTrust in 2007, he held the same role at PNC Financial Services Group for three years. Earlier, Gillani worked in similar positions at BankBoston and FleetBoston.

YRC Worldwide, a transportation and logistics company in Overland Park, Kan., appointed Phil Gaines CFO and senior vice president of its largest operating division, YRC Inc., a new company formed as part of YRC’s restructuring. Previously, Gaines, 47, was senior vice president of finance for YRC Worldwide.  Over the course of his 22 years with the company, he has also served as chief accounting officer and corporate controller. YRC Worldwide had $4.3 billion in 2010 revenue.

PulteGroup, the Bloomfield Hills, Mich.-based homebuilder, named Robert O’Shaughnessy CFO and executive vice president. He replaces Roger Cregg, who is retiring. O’Shaughnessy, 45, is joining Pulte from Penske Automotive Group, where he had served as CFO since 2007. He first joined Penske 10 years earlier and held various finance jobs, including controller, during that period. Prior to joining Penske, O’Shaughnessy was a senior manager at Ernst & Young.

Sonoco Products, a packaging company in Hartsville, S.C., promoted Barry Saunders to CFO and vice president. He succeeds Charles Hupfer, who is retiring. Saunders, 52, has served as corporate controller and chief accounting officer at Sonoco since 2008. Saunders has worked for Sonoco for 22 years in positions including director of finance for the company’s European operations and director of corporate reporting and accounting. He began his career at Ernst & Young. Sonoco had $4.1 billion in 2010 revenue.


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