SBC Communications Inc., the $40.8 billion telecommunications company based in San Antonio, Texas, named Rick Lindner CFO. He replaces Randall Stephenson, who was named chief operating officer. Lindner, 49, had been CFO of Cingular Wireless LLC, a $15.4 billion joint venture of SBC and BellSouth Corp. Before joining Cingular, Lindner held a number of senior positions at SBC operating units, including COO, president and CEO of Southwestern Bell Wireless and CFO of Southwestern Bell Telephone. He joined the SBC family of companies in 1985 as controller of Southwestern Bell Telecom. At Cingular, Peter Ritcher will replace Lindner. Ritcher, 43, was most recently vice president of corporate finance at SBC. Since joining SBC in 1987 as its tax compliance manager, he has held finance positions in its national and network services divisions and served as CFO of Cellular One, a subsidiary.
DELTA APPOINTS PALUMBO CFO
Delta Air Lines Inc. named Michael Palumbo, an executive with a long track record in airline finance, as its CFO and executive vice president. He succeeds M. Michele Burns, who left the $13.3 billion Atlanta-based airline to become CFO of Mirant Inc., which is currently in bankruptcy proceedings. Palumbo, 57, most recently was a consultant at Airline Financial Services. Previously, he was CFO and executive vice president at Trans World Airlines and treasurer and senior vice president of finance at Western Airlines, where he worked with Delta's CEO, Gerald Grinstein. Palumbo also had worked at consulting firm HPF Associates Inc. and now defunct brokerage E.F. Hutton.
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Supervalu Inc., a $20.2 billion food wholesaler based in Minneapolis, Minn., named David Oliver controller and vice president, a new position. Oliver, 46, had been CFO of Arden Group Inc., a California grocery store chain. Earlier, he served as CFO and senior vice president at Hughes Family Markets and as controller and vice president at The Vons Companies Inc., another California grocery store chain.
Lamar Chambers was named controller and vice president of Ashland Inc., a $7.5 billion provider of transportation construction services and chemical products based in Covington, Ken. He replaces Kenneth Aulen, who is retiring. Chambers, 49, was most recently vice president of Ashland's Texas operations. Since joining Ashland in 1976, he has had various positions, including financial analysis and internal auditing jobs, at Ashland and its subsidiaries.
Hershey Foods Corp., the $4.1 billion candy company, hired Jeffrey Jackson as its corporate controller. He replaces David Tacka, who will remain chief accounting officer and vice president of the Hershey, Pa.-based company. Jackson, 38, was most recently CFO and senior vice president of Schwan's Bakery Inc. and previously worked at Flowers Foods Inc. and The Coca-Cola Co.
Tracey Doi was appointed CFO and group vice president of Torrance, Calif.-based Toyota Motor Sales U.S.A. Inc., the U.S. sales arm of $128.9 billion Toyota Motor Corp. She succeeds Mike Deaderick, who retired after having worked for Toyota since 1971. Doi, 43, most recently was the company's corporate controller and vice president. She joined Toyota in 2000 after serving as director of finance for AT&T Wireless Services Inc. and controller for L.A. Gear Inc.
David Tehle joined $6.8 billion Dollar General Corp. as its CFO and executive vice president. He succeeds James Hagan, who is leaving the discount retailer, which is based in Goodlettsville, Tenn., to pursue other interests. Tehle, 47, was most recently CFO and executive vice president of Haggar Corp., a Dallas-based clothing manufacturer. Earlier, he served as vice president of finance for the mechanics tools division of The Stanley Works and as CFO and vice president of finance at Hat Brands Inc. He also worked at Ryder Systems Inc.
Foster Wheeler Ltd., a $3.8 billion provider of engineering and energy services, named John La Duc CFO and executive vice president. He succeeds Brian Ferraioli, who had been appointed interim CFO in January; Ferraioli will continue to serve as the Bermuda-based company's controller and vice president. La Duc, 61, recently retired from Kaiser Aluminum Corp., where he had worked since 1969 and served as CFO since 1990.
Tim Morrison was named interim CFO of the Royal Dutch/ Shell Group of Companies, the $179.4 billion oil and gas company that's a joint venture of Shell Transport and Trading and Royal Dutch Petroleum. He succeeds Judy Boynton, who stepped down as CFO amid the uproar that followed the company's cut to its oil and gas reserve estimates earlier this year, which triggered investigations by the SEC and European regulators. Boynton will continue to serve as an adviser to the company. Morrison, 50, was most recently Royal Dutch/Shell's group controller. Since joining Shell in 1982 in its tax group, he has held various finance positions, including assistant group treasurer and CEO of Shell's Finance Services unit.
Dave Davis was promoted to CFO of US Airways Group Inc., the $5.3 billion airline based in Arlington, Va. He replaces Neal Cohen, who is leaving to pursue other interests. Davis, 37, was most recently US Airways' senior vice president of finance, after joining the company in April 2002 as vice president of financial planning and analysis. Earlier, he had held finance positions at Budget Group Inc., Delta Air Lines and Northwest Airlines.
Toys "R" Us Inc., the $11.5 billion toy retailer, promoted Raymond Arthur to CFO. He succeeds Louis Lipschitz, who is retiring after 17 years with the company. Arthur, 45, most recently was president of Toysrus.com. After joining the Wayne, N.J.-based company in 1999 as its corporate controller, he was promoted to CFO and senior vice president of Toysrus.com in 2000. Earlier, Arthur held financial positions at General Signal Corp., KPMG Peat Marwick and American Home Products.
General Motors Corp. named David Meline CFO and vice president of GM Europe, a division with $27.5 billion of 2003 revenues. He succeeds William Barclay, who is retiring. Meline, 46, most recently was CFO and vice president of GM Daewoo. He joined GM's New York treasurer's office in 1986 and since then served in various financial positions, including general director of finance of GM do Brasil. Rhodri Harries, currently a GM assistant treasurer, was appointed to succeed Meline as CFO of GM Daewoo. Harries, 40, joined GM of Canada as a financial analyst in 1989.
Caesars Entertainment Inc., the $4.1 billion casino operator, named its controller and senior vice president, Wesley Allison, as interim CFO after executive vice president and CFO Harry Hagerty resigned. Hagerty said he was leaving to give President and CEO Wallace Barr the opportunity to choose a new CFO. Hagerty was appointed by Barr's predecessor.
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