From the February 2012 issue of Treasury & Risk magazine

Executives on the Move

Michael Cazer; Jeremy Smeltser; Andrew Warren; Timothy Wiggins; Michael Schwindle; Hilliard Terry; John Feenan; Kent Renner

Alticor, the $9.2 billion parent of direct seller Amway, named Michael Cazer CFO and executive vice president. He succeeds Bill Payne, the Ada, Mich., company’s chief of staff, who served as interim CFO after the sudden death of CFO Russell Evans in January 2011. Cazer, 45, has served as CFO for General Electric units GE Consumer and Industrial Europe and GE Security. He was also CFO of Brink’s Co. and president of the company’s European business.

SPX Corp., the $4.8 billion Charlotte, N.C.-based manufacturing company, appointed Jeremy Smeltser CFO. He replaces Patrick O’Leary, who will retire after SPX reports its second-quarter results. Smeltser, 37, most recently was CFO of the company’s flow technology segment. He was named a corporate officer in 2009. In his 10 years with SPX, Smeltser also served as vice president of finance and head of investor relations. Earlier, he worked at Ernst & Young and Arthur Anderson.

Discovery Communications, the $3.7 billion operator of the Discovery Channel and other cable stations, named Andrew Warren CFO and senior executive vice president. He succeeds Brad Singer, who is leaving the company. Warren, 44, joins the Silver Springs, Md., company from Liz Claiborne, where he was CFO and executive vice president. Earlier, he spent 18 years at General Electric in positions including senior audit operations leader and CFO of NBC Universal Television Group.

DeVry, a $2.2 billion education company in Downers Grove, Ill., appointed Timothy Wiggins CFO, treasurer and senior vice president. He succeeds Richard Gunst, the company’s finance chief since 2006, who will retire. Wiggins, 55, joins DeVry from Tellabs, a network equipment maker, where he served as CFO and executive vice president since 2003. Earlier, he was CFO and executive vice president for Chicago Bridge & Iron, CFO of Fruehauf Trailer Corp. and CEO of Autodie Corp. Wiggins began his career at Deloitte Haskins & Sells in 1979.

Harry & David, the Medford, Ore., gift and gourmet food retailer with $426 million in 2010 revenue, named Michael Schwindle CFO. He succeeds interim CFO Paul Kosturos of Alvarez & Marsal, who led the company through bankruptcy last year. Schwindle most recently served as CFO of Northlake, Ill., flooring installer Empire Today. Previously, he was CFO of music gear marketing company Musician’s Friend and held senior finance positions at Home Depot, Limited Brands and Longaberger Co.

Textainer Group Holdings, a $304 million lessor of intermodal containers, appointed Hilliard Terry CFO and executive vice president. He succeeds Ernest Furtado, who will continue as Textainer’s chief accounting and compliance officer. Terry, 42, joins the Hamilton, Bermuda, company from Agilent Technologies, formerly a part of Hewlett-Packard, where he was treasurer, head of investor relations and vice president. He has also worked at VeriFone, Kenetech and Goldman Sachs.

Styron, a Berwyn, Pa., global materials company with $223 million in 2010 revenue, named John Feenan CFO and executive vice president. He succeeds Richard Diemer, who left in September to pursue other opportunities. Feenan joins Styron, which was spun off by Dow Chemical in 2010, from JMC Steel, where he was CFO and senior vice president since 2007. He served as CFO at specialty chemical company H.B. Fuller from 2003 to 2007 and at consumer products firm Jostens from 2001 to 2003.

XPO Logistics, a Buchanan, Mich.-based third-party logistics service with $157 million in 2010 revenue, appointed Kent Renner chief accounting officer, which is a new position for the company. Renner, 43, was also named senior vice president. He most recently served as global  controller at GE Energy Services, a $16 billion division of General Electric. Previously, Renner was assistant corporate controller at Home Depot and a senior audit manager and director at PricewaterhouseCoopers.


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