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Alticor, the $9.2 billion parent of direct seller Amway, named Michael Cazer CFO and executive vice president. He succeeds Bill Payne, the Ada, Mich., company’s chief of staff, who served as interim CFO after the sudden death of CFO Russell Evans in January 2011. Cazer, 45, has served as CFO for General Electric units GE Consumer and Industrial Europe and GE Security. He was also CFO of Brink’s Co. and president of the company’s European business.

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