Pacific Life Insurance Co., a $7.7 billion provider of life insurance, annuities and mutual funds, named Tom Gibbons senior vice president in charge of the company’s corporate treasury, tax and enterprise consulting units and Joseph Krum treasurer and vice president. Krum succeeds Denis Kalscheur, who will become CEO of Aviation Capital Group, a subsidiary of Pacific Life. Gibbons, 50, pictured at right, joined Pacific in 2004 as vice president of tax. Later, he was promoted to his most recent role as senior vice president. Earlier, Gibbons served as a tax partner at Deloitte & Touche and as tax director for insurance at GE Capital. Krum, 47, had led the company’s strategic planning and development department since 2005, after joining Pacific Life in 2001 as co-managing director of Pacific Asset Funding.
Joy Global, a $4.4 billion manufacturer of mining equipment, hired James Sullivan as executive vice president and said he will succeed Michael Olsen as CFO once the company completes its fiscal 2012 financial reporting in December. Olsen, the Milwaukee-based company’s CFO since 2008, plans to retire in February. Sullivan, 52, was CFO of Solutia from 2004 until July, when the company was acquired by Eastman Chemical. He also served as Solution’s treasurer from 2004 to 2011, and had been its controller from 1994 through 2004.