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Joseph D. Ragan III is the new CFO at Boart Longyear Ltd., the $1.6 billion integrated drilling services provider and minerals industry products manufacturer, based in Salt Lake City, Utah. Ragan, 47, replaces Donald Newman, who added interim CFO to his titles of vice president and controller in October 2007 when Ronald Sellwood, retired. Ragan was previously senior vice president and CFO at GTSI Inc. August 2006 to September 2008. Succeeding Ragan at the $723.5 million technology solutions provider based in Chantilly, Va. is Peter Whitfield, 49, who will serve as interim CFO while continuing as vice president of financial planning, analysis and internal audit.

J. Eric Bjornholt will be the new vice president and CFO on Dec. 31 at Microchip Technology Inc., the $1 billion semiconductor maker based in Chandler, Ariz. Bjornholt, 38, replaces Gordon W. Parnell, 58, who will retire after almost 20 years with the company. Bjornholt joined the company in 1995 from KPMG LLP and served as director of financial reporting and tax from August 2003 to April 2008, when he was promoted to his current position of vice president of finance.

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