International Paper, the $25 billion manufacturer of paper and pulp, appointed Carol Roberts CFO and senior vice president. She replaces Tim Nicholls, the company's CFO since 2007, who was named senior vice president of printing and communications for the Americas. Roberts, 51, joined Memphis, Tenn.-based IP in 1981 and has served as general manager of its Kraft Packaging and Kraft Paper units, vice president of people development for the human resources department and vice president of industrial packing. Roberts has been senior vice president of industrial packing since 2005.

Sara Lee Corp., the $10.8 billion Downers Grove, Ill.-based food and beverage company, named Michel Cup CFO and executive vice president of its international beverage business, which the company plans to spin off next year. Cup, 42, most recently served as CFO and board member of Provimi, a Dutch-based animal nutrition company. Earlier, he was finance director at AkzoNobel and held several manager-level finance positions with baby food company Royal Numico.

Visteon Corp., the Van Buren Township, Mich., automotive supplier with $7.4 billion in 2010 revenue, named Martin Welch CFO and executive vice president. He succeeds William Quigley, who is leaving the company. Welch, 63, most recently served on the boards of Delphi Corp. and Northern Reflections. He was CFO and executive vice president at United Rentals from 2006 to 2008, and earlier served as CFO at both Kmart and Federal-Mogul. Welch also served in various finance positions at Chrysler.

Patriot Coal, a $2 billion St. Louis-based coal producer and marketer, named its controller, Christopher Knibb, to the additional role of chief accounting officer. He succeeds Mark Schroeder, who continues to serve as CFO. Prior to joining Patriot, Knibb, 42, served as vice president of finance at American Power Conversion and corporate controller at Savvis, as well as working at PricewaterhouseCoopers and Deloitte & Touche.

Newpark Resources, a $716 million provider of drilling fluids and work platforms for the oil industry, promoted Gregg Piontek to CFO. He replaces James Braun, who is leaving to become CFO at McJunkin Red Man Holding Corp. Piontek, 41, most recently was chief accounting officer for Newpark, which is based in The Woodlands, Texas. He joined the company from Stewart & Stevenson Services, where he was chief accounting officer, corporate controller and division controller. Earlier, Piontek worked in finance at General Electric and CNH Global.

Rosetta Resources, a $308 million energy company, named John Hagale CFO and treasurer. He replaces Michael Rosinski, who is leaving the Houston-based company in December. Hagale, 55, spent the last eight years as CFO and chief administrative officer for The Methodist Hospital System. Previously, he spent 15 years in executive finance positions at Burlington Resources and its predecessor Burlington Northern, including a stint as CFO.

LoJack Corp., the $146.6 million vehicle recovery technology manufacturer, appointed Donald Peck CFO and executive vice president. He succeeds Timothy O'Connor, who resigned in June to join another company. Peck, 54, joins Westwood, Mass.-based LoJack from Satcon Technology Corp., where he was CFO and treasurer. From 2007 to 2010, Peck was CFO, treasurer and executive vice president at Engenera. Earlier, he served as CFO, treasurer, executive vice president and secretary at First Marblehead Corp.

Instant Insights /

Financial Executives: Keeping Track

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