J.P. Morgan Chase, the $115 billion financial services giant, appointed Douglas Braunstein CFO. He succeeds Michael Cavanagh, the bank's CFO since 2004, who was named head of treasury and securities services. Cavanagh replaces Heidi Miller, who was named president of the international division. Braunstein, 49, has headed J.P. Morgan's Americas investment banking unit since 2008. Earlier, he served in senior investment banking positions, including head of global M&A, after joining thebank in 1997.

Hess Corp., the New York City-based energy company with $29.5 billion of 2009 revenue, named Robert Biglin treasurer and vice president, effective Sept. 1. He succeeds Sachin Mehra, who is leaving to become treasurer of MasterCard. (See entry below.) Biglin, 45, currently serves as Hess' director of commercial Southeast Asia in Kuala Lumpur. Since joining the company in 2004, he has worked in planning and strategy positions. Before joining Hess, Biglin worked in finance at Cisco Systems and Mobil.

Baxter International, a Deerfield, Ill.-based pharmaceutical company with $12.6 billion of 2009 revenue, appointed Robert Hombach CFO and corporate vice president. He succeeds Robert Davis, the CFO since 2006, who was named president of Baxter's renal business. Hombach, 44, has been the company's treasurer since 2007. He has worked in a number of finance positions since joining Baxter in 1989, including vice president of finance for Europe and vice president of corporate planning and analysis.

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