TENET TAPS FARBER AS FINANCE CHIEF

Tenet Healthcare Corp., a $13.9 billion hospital chain based in Santa Barbara, Calif., promoted Stephen Farber to CFO as part of the overhaul of its top management in response to allegations that it had overbilled Medicare. Farber replaces David Dennis, who resigned along with chief operating officer Thomas Mackey. Farber, 33, had been Tenet's treasurer and senior vice president of corporate finance. He first joined Tenet in 1997 as vice president of corporate finance, left in 1998 to become a vice president of health care investment banking at J.P. Morgan & Co., and then returned to Tenet in 1999.

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Margaret Loebl was named group vice president of finance at Decatur, Ill.-based Archer Daniels Midland Co., a $23.4 billion processor of oilseeds, corn and other products. The position is a new one. Loebl, 42, joined ADM earlier this year from Nike Inc., where she had been vice president of corporate finance since December 2000. Earlier, Loebl worked at General Motors Corp. for more than 13 years in financial and administrative positions around the world.

Dover Corp., a diversified $4.5 billion company based in New York, promoted Robert Kuhbach to CFO and vice president of finance. Kuhbach, who had been Dover's general counsel, succeeds David Smith, who left the company to pursue other interests. Kuhbach, 54, joined Dover in 1993 after serving as general counsel of General Host Corp. and Sudbury Inc.

Credit Suisse First Boston, a $13.6 billion New York-based investment bank, named Barbara Yastine CFO. She replaces Richard Thornburgh, who was promoted to chief risk officer for CSFB's parent, Credit Suisse Group. Yastine, 43, joins CSFB after 15 years with Citigroup Inc., where she most recently was CFO of the global corporate and investment bank. She earlier served as Citigroup's chief auditor and as chief administrative officer for its global consumer group, and started with the company in 1987 as director of investor relations of its Primerica unit.

Xcel Energy, a $14.8 billion energy company based in Minneapolis, promoted Benjamin Fowke III to treasurer and vice president. He replaces Paul Pender, who will become the full-time CFO of TransLink Development Co., a partnership that includes Xcel and is setting up a new independent transmission company. Fowke, 44, previously served as CFO and vice president of energy markets for Xcel and was vice president of E Prime Inc., an Xcel subsidiary.

Mark Buthman was appointed CFO and senior vice president of Dallas-based Kimberly-Clark Corp., a $14.5 billion manufacturer of paper products. He succeeds John Donehower, who is retiring. Buthman, 42, most recently served as vice president of finance after joining Kimberly-Clark in 1982 as a financial associate. Rodney Olsen will replace Buthman as vice president of finance. Olsen, 47, most recently served as vice president of finance and administration for Europe, the Middle East and Africa.

Robert Lamb Jr. rejoined FleetBoston Financial Corp. as CFO, succeeding Eugene McQuade, who was promoted to president and chief operating officer of the $19.1 billion bank. Lamb, 47, most recently was CFO and executive vice president of BearingPoint Inc. He had started his career with Fleet in 1986 as controller of Fleet Services. He left Fleet in 2000 to join BearingPoint–then known as KPMG Consulting–as corporate controller.

Ahmass Fakahany was appointed CFO of Merrill Lynch & Co., replacing Thomas Patrick, who was promoted to executive vice chairman. Fakahany, 44, had been CFO, chief operating officer and senior vice president of Merrill's global markets and investment banking business since 2001. He joined the $38.7 billion brokerage in 1987 as finance director and since then served in several positions, including chief administrative officer of the Japan region, CFO of the Asia region and regional controller for Europe, the Middle East and Africa.

Malyn Malquist was named CFO and senior vice president of Avista Corp., a $6 billion utilities company based in Spokane, Wash. Malquist, 49, succeeds Jon Eliassen, who will be retiring in April 2003. Before joining Avista in September 2002, Malquist was the general manager of Truckee Meadows Water Authority. Earlier, he worked for Sierra Pacific Resources, where he held various positions, including CFO, CEO and chairman, and spent 16 years at San Diego Gas & Electric.

David Zabor was named controller and vice president of Bristol-Myers Squibb, a $19.4 billion pharmaceutical company. Zabor, 48, replaces Curt Tomlin, who remains with the company as a vice president. Zabor, who has worked for the company for 19 years, has been acting controller since June of this year. Before joining Bristol-Myers, he was with Arthur Andersen LLP.