Graham Sadler is the new CFO of BGC Partners, the $1.2 billion interdealer broker based in New York that was formerly part of Cantor Fitzgerald. Sadler succeeds Robert West, CFO since 2007, who plans to pursue other interests. Sadler will oversee BGC's global accounting, controlling and treasury functions, including all financial reporting and budgeting. Before joining BGC, Sadler spent 11 years at Bear Stearns, where he was COO and CFO of Bear Stearns-Europe.
Elizabeth Brumley becomes acting CFO of Bristow Group, the $1 billion Houston-based helicopter service provider. She replaces Perry L. Elders, who is leaving to pursue other business opportunities. Brumley, 50, most recently served as Bristow's chief accounting officer and vice president. She joined the company in November 2005 as controller from Noble Drilling Services, where she had served as controller.
Michael Zugay is CFO and executive vice president of Michael Baker Corp., a $700 million Moon Township, Pa.-based engineering and energy services provider. Zugay, 57, was formerly CFO and senior vice president at iGate Corp., where he oversaw all monetary and administrative functions. Acting CFO since 2007, Craig Stuver will leave the company.
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Murray Demo becomes CFO and vice president of Dolby Laboratories, the $640 million San Francisco-based entertainment technology company. Demo, 47, has more than 20 year of financial and strategic business management experience. Most recently, he served as CFO and executive vice president of Postini, an on-demand security compliance software company that is now part of Google.
Cameron Bready becomes CFO of ITC Holdings, the $617 million Novi, Mich.-based electricity company. He succeeds Edward Rahill, who was appointed president of ITC Grid Development. Bready, 37, will also serve as treasurer, a position previously held by Joseph Welch, the company's chairman, CEO and president. Bready is joining ITC from Northeast Utilities, where he served as a vice president of finance.
Jon Clark is the new CFO and treasurer of Gramercy Capital Corp., a $602 million New York-based commercial real estate finance and property investment group. He succeeds John Roche, who resigned. Clark, 40, will continue to serve as chief accounting officer, a role he has held since March 2009. Before joining Gramercy, he worked at SL Green Realty Corp. and BlackRock Financial Management.
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