From the October 2011 issue of Treasury & Risk magazine

Executives on the Move

Craig Huss; Bill Phelan; Larry Venturelli; Dorvin Lively; Robert Bellack; Kurt Freyberger

Archer Daniels Midland, a processor of oil seeds, corn and wheat with $80.7 billion in 2010 revenue, named Craig Huss chief risk officer, a new position. He will manage ADM’s aggregate commodity risk, oversee productivity and cost management efforts, and chair the risk management committee. Huss, 59, served as president of ADM’s agricultural services unit since 2009. He joined the Decatur, Iowa-based company in 1999 as president of transportation and has also held management positions in origination and merchandising.

Sears Holdings, the $43.3 billion retailer, named Robert Schreisheim CFO and senior vice president. He replaces interim CFO Bill Phelan, who stepped into the position in June following the departure of former CFO Mike Collins. Schreisheim, 51, joins Sears from Hewitt Associates, where he was CFO until the company merged with Aon. Earlier, he was CFO and a director at Lawson Software. Phelan will return to his previous position as Sears’ controller, chief accounting officer and senior vice president.

Whirlpool Corp., the global manufacturer and marketer of home appliances with $18 billion in 2010 revenue, named Larry Venturelli CFO. He succeeds Roy Templin, who plans to retire in April 2012. Venturelli, 50, joined Whirlpool as its corporate controller in 2002. He added the title of chief accounting officer in 2006 and since 2010 served as CFO for Whirlpool International. Prior to joining Whirlpool, Venturelli worked in finance at Royal Caribbean Cruises, Campbell Soup and Quaker Oats.

RadioShack,the $4.5 billion Fort Worth, Texas-based electronics retailer, named Dorvin Lively CFO and chief administrative officer. He succeeds Jim Gooch, who was promoted to president and CEO in May. Lively, 53, most recently was CFO and executive vice president at Ace Hardware Corp. Prior to joining Ace in 2008, he was CFO at Maidenform and Silverado Foods and corporate controller at Toys R Us and Reader’s Digest Association. Earlier, he worked at Pepsi-Cola International and Arthur Andersen.

Newegg, a $2.3 billion online distributor of consumer electronics and computing products, named Robert Bellack CFO. He is Newegg’s first CFO since 2005. Rick Quiroga has served as financial head of the company since then as Newegg’s vice president of finance and will continue to hold that position. Bellack, 48, most recently was founder and CEO of Zetabid.com. He previously served as CFO at Classified Ventures, Compton’s New Media and LA Times Media Group, a unit of Tribune Co.

Cincinnati Bell, the Cincinnati-based telecom with $1.4 billion in 2010 revenue, named Kurt Freyberger CFO. He succeeds Gary Wojtaszek, who was named president of CyrusOne, a colocation services provider that Cincinnati Bell acquired in 2010. Freyberger, 44, most recently served as division CFO for Cincinnati Bell Communications. He joined the company as controller in 2005 from Chiquita Brands, where he was assistant corporate controller. In 2009, he also assumed responsibility for investor relations and corporate communications.

Comments