From the April/May 2012 issue of Treasury & Risk magazine

Executives on the Move

Adrian Griggs; Michael Huseby; Jeffrey Rutherford; Edward Christie III; Lewis Chew; Scott Krohn; Biggs Porter; Raymond Silcock

Pacific Life Insurance, a $7.1 billion life insurance, asset management and financial services company, appointed Adrian Griggs CFO and executive vice president. He replaces Khanh Tran, who was promoted to president of the company. Griggs, 45, most recently oversaw the Newport Beach, Calif.-based company’s risk management and institutional and structured products departments. Since joining Pacific Life in 1994, he also served as assistant vice president of financial reporting and planning and as vice president of the retirement solutions division.


Barnes & Noble, the $6.9 billion book store chain, named Michael Huseby CFO. He succeeds interim CFO Allen Lindstrom, who will continue with the company. Huseby, 56, was CFO and executive vice president of Cablevision Systems from 2004 to 2011. Earlier, he served as CFO and executive vice president of Charter Communications and executive vice president of finance and administration at AT&T Broadband, where he completed the merger between AT&T and Comcast. Huseby also worked at Arthur Andersen for 20 years.



Ferro Corp., a $2.1 billion supplier of technology-based performance materials, appointed Jeffrey Rutherford CFO and vice president. He replaces Thomas Miklich, who is leaving the company. Rutherford, 57, joins the Cleveland-based company from Park-Ohio Holdings, where he was CFO and vice president since 2008. Earlier, he was CFO and senior vice president at UAP Holding Corp. and served as president and CEO of LESCO, where he had earlier been CFO. Rutherford also worked in finance at OfficeMax.


Spirit Airlines, the Miramar, Fla.-based airline with $1 billion in annual revenue, named  Edward Christie III CFO and senior vice president. He succeeds David Lancelot, the company’s CFO since 2007, who is leaving to pursue other opportunities. Christie, 41, most recently was CFO and senior vice president at Pinnacle Airlines, and previously served as CFO at Frontier Airlines. He was also vice president of finance for a financial planning firm and worked as an economist for Arizona’s taxing authority.


Dolby Laboratories, a $955 million San Francisco-based sound processing and noise-reduction systems development company, named Lewis Chew CFO and executive vice president. He succeeds Murray Demo, who will retire in June. Chew, 49, was CFO and senior vice president of finance for National Semiconductor from 2001 until September 2011, when the company was acquired by Texas Instruments. Earlier, Chew served as National Semiconductor’s corporate controller and director of global internal audit, and was a partner at KPMG.


3M, the $29.6 billion maker of products ranging from office supplies such as Post-it notes to graphics and display, electronics and communications equipment, named Scott Krohn treasurer and vice president. He succeeds Janet Yeomans, who is retiring. Krohn, 41, joins 3M from Ford Motor, where he most recently served as head of debt capital markets funding. Earlier, he was treasurer for Ford’s units in China and Venezuela and served as the company’s director of financial strategy.



Fluor Corp., the $23.4 billion Irving, Texas-based design, engineering and contracting firm, appointed Biggs Porter CFO and senior vice president. He replaces D. Michael Steuert, who will retire in May. Porter, 58, spent the last 5½ years as CFO of Tenet Healthcare Corp. Prior to joining Tenet, he worked in finance at defense contractor Raytheon, utility TXU, military contractor Northrop Grumman, Vought Aircraft and LTV Corp. Porter began his career at Arthur Young & Co.



Great Atlantic & Pacific Tea Co., the $8 billion Montvale, N.J., supermarket chain, named Raymond Silcock CFO. He succeeds chief restructuring officer Frederic Brace, who is resigning as the company emerges from Chapter 11 bankruptcy. Silcock joined A&P last year as head of finance. He previously served as CFO at UST, Swift & Co., Delimex and Cott Corp. Silcock began his career at Campbell Soup, where he spent 18 years in finance positions.



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