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.