Content about chief financial officer

May 15, 2013

Interactive multichannel retailer HSNi has promoted Judy Schmeling to COO and CFO. Schmeling has served as HSNi's EVP and CFO since 2001.

ST. PETERSBURG, Fla. — Interactive multichannel retailer HSNi has promoted Judy Schmeling to COO and CFO. Schmeling has served as HSNi's EVP and CFO since 2001. In her new role, she will be responsible for supply chain operations and customer care functions in addition to providing ongoing leadership for finance and information technology.

May 13, 2013

Former Sara Lee exec new SVP, CFO at PetSmart

PetSmart has appointed former Sara Lee executive Carrie Teffner as the company’s new SVP and CFO.

PHOENIX — PetSmart has appointed former Sara Lee executive Carrie Teffner as the company’s new SVP and CFO.

Teffner has more than 20 years of management experience, most recently serving as EVP and CFO at Weber-Stephen Products LLC, a leading manufacturer and exporter of barbecue grills and accessories worldwide.

April 30, 2013

New CFO for Bebe amid management changes

Bebe has appointed current principal accounting officer and VP, corporate controller Liyuan Woo as its new CFO.

BRISBANE, Calif. — Bebe has appointed current principal accounting officer and VP, corporate controller Liyuan Woo as its new CFO.

Woo has been with Bebe stores since 2010. She will retain the principal accounting officer title and will be responsible for global finance, accounting, treasury, tax, compliance, planning and strategic corporate development. She will report directly to CEO Steve Birkhold.

April 24, 2013

Children’s Place CFO Scarpa named COO

Children's Place CFO Michael Scarpa has added COO to his credentials. Scarpa, who oversees finance, information technology, distribution, logistics and wholesale, will add store operations, store development and international to his responsibilities.

SECAUCUS, N.J. — Children's Place CFO Michael Scarpa has added COO to his credentials. Scarpa, who oversees finance, information technology, distribution, logistics and wholesale, will add store operations, store development and international to his responsibilities. Scarpa will continue to report to president and CEO Jane Elfers.

April 24, 2013

Hershey makes senior leadership changes

The Hershey Company announced a series of personnel moves it said would help accelerate global growth.

The Hershey Company announced a series of personnel moves it said would help accelerate global growth.
Executives involved in the changes which take effect May 13 include Humberto Alfonso, David Tacka, Michele Buck, E. Daniel Vucovich, D. Michael Wege and Waheed Zaman

March 28, 2013

Weis Markets names VP/corporate controller

Weis Markets has promoted Paul Stombaugh to VP/corporate controller.

SUNBURY, Pa. — Weis Markets has promoted Paul Stombaugh to VP/corporate controller.

Stombaugh will take on an expanded role in the company’s decision support and its strategic development. He also will continue to oversee its financial accounting and reporting functions, internal controls, treasury and budgets, Weis reported. He will continue to report to Scott Frost, SVP and CFO.

March 18, 2013

Innotrac names CFO

Innotrac Corp., a best-of-breed commerce provider integrating digital technology, fulfillment, and contact center solutions to support global brands, has announced the appointment of Steve Keaveney as its new CFO.

ATLANTA — Innotrac Corp., a best-of-breed commerce provider integrating digital technology, fulfillment, and contact center solutions to support global brands, has announced the appointment of Steve Keaveney as its new CFO.

Keaveney brings to Innotrac more than 25 years of experience in finance, accounting and operations for both publicly and privately held companies. He has extensive experience in financial leadership, revenue growth, analysis and budgeting.

March 14, 2013

Hancock Fabrics sews up financial department with new CFO

Hancock Fabrics has announced that James B. Brown will be joining Hancock Fabrics as EVP and CFO on March 18, reporting to Steve Morgan, president and CEO.

BALDWYN, Miss. — Hancock Fabrics has announced that James B. Brown will be joining Hancock Fabrics as EVP and CFO on March 18, reporting to Steve Morgan, president and CEO. Brown will oversee the areas of accounting-finance, loss prevention, IT, human resources, and in addition, will have oversight responsibility to the planning and allocation function.

March 13, 2013

New CFO named at Ulta Beauty

Ulta Beauty has named Scott Settersten CFO and assistant secretary, effective immediately. Settersten will report to Dennis Eck, interim CEO.

BOLINGBROOK, Ill. — Ulta Beauty has named Scott Settersten CFO and assistant secretary, effective immediately. Settersten will report to Dennis Eck, interim CEO.

Settersten has been acting CFO and assistant secretary since October 2012. He previously served as VP accounting since 2010 and was responsible for accounting, tax and external reporting. In that role, he also oversaw investor relations and worked closely with the audit committee and board of directors. He joined Ulta Beauty in January 2005 as director of financial reporting.

March 4, 2013

Former Best Buy CFO to lead finance at Valspar

Paint manufacturer Valspar, has named James Muehlbauer EVP, chief financial and administrative officer, effective March 11,2013. Muehlbauer will replace Lori A. Walker who will retire in April.

MINNEAPOLIS — Paint manufacturer Valspar, has named James Muehlbauer EVP, chief financial and administrative officer, effective March 11,2013. Muehlbauer will replace Lori A. Walker who will retire in April.

February 15, 2013

Retail CFOs: Online to play bigger role in sales performance

Retail executives are moderating their expectations for 2013 following uneven sales in December and January, according to a new survey of CFOs by professional services form BDO USA.

CHICAGO — Retail executives are moderating their expectations for 2013 following uneven sales in December and January, according to a new survey of CFOs by professional services form BDO USA.

February 15, 2013

Walmart U.S. CFO to share ‘Bigg’ picture

Brett Biggs, Walmart U.S. CFO, will share his views on the company’s performance during an upcoming Doing Business in Bentonville meeting.

Bigg’s is slated to speak at the event scheduled for 7 a.m., March 13 in Rogers, Ar., and could have some interesting things to say given the timing of the event. Walmart is due to report fourth quarter and full year results next week on February 21 and then on March 7 the company hosts a two day event in Orlando for store managers and suppliers where new initiatives tend to be unveiled.

February 5, 2013

Merchandising solutions provider names new CFO

Predictix, a provider of merchandising and supply chain solutions for retailers, has named Bradley White as its new CFO.

ATLANTA — Predictix, a provider of merchandising and supply chain solutions for retailers, has named Bradley White as its new CFO. White is a proven financial executive and joins Predictix with more than 15 years’ experience in treasury, finance, accounting, public company reporting, employee management, strategic planning and tax compliance in diverse global businesses and industries. This comes after the recent appointment of John Simon as Predictix’ new CEO.

February 4, 2013

Safeway gets new finance chief

Safeway on Monday announced the appointment of Peter Bocian as its new executive vice president and CFO. Bocian, 58, will oversee the company's financial functions including accounting, tax, audit, treasury, investor relations, planning and business development.

PLEASANTON, Calif. — Safeway on Monday announced the appointment of Peter Bocian as its new executive vice president and CFO. Bocian, 58, will oversee the company's financial functions including accounting, tax, audit, treasury, investor relations, planning and business development. He will report directly to Robert Edwards, Safeway's president, and will assume his new responsibilities on Feb. 19.

January 22, 2013

CFO change ahead at Hot Topic

Jim McGinty, CFO of teen retailer, Hot Topic, has resigned from the company, effective March 29, the company announced Monday.

CITY OF INDUSTRY, Calif. — Jim McGinty, CFO of teen retailer, Hot Topic, has resigned from the company, effective March 29, the company announced Monday. George Wehlitz, VP, Finance, will serve as the interim CFO.

“We are grateful for Jim’s committed service to the company over the past 12 years and wish him well in the next phase of his career,” said Lisa Harper, chairman and CEO of Hot Topic.

January 21, 2013

Kimberly-Clark names IT head

DALLAS — Kimberly-Clark has named Jennifer Sepull as the company's chief information officer and VP IT Services, reporting to Mark A. Buthman,SVP and CFO.

January 9, 2013

Former J&J exec named CFO at data management group

The global data management organization known as 1WorldSync named Gary Lo as its new CFO.

Lo spent the past 15 years in finance roles at Johnson & Johnson and other leading companies. At 1WorldSync he will be responsible for global finance, accounting, treasury, internal controls and legal functions.

January 8, 2013

Ascena Retail Group nabs new CFO

Ascena Retail Group has named Dirk Montgomery as its new EVP and CFO.

SUFFERN, N.Y. — Ascena Retail Group has named Dirk Montgomery as its new EVP and CFO.

Current EVP and CFO Armand Correia is retiring after 21 years with the specialty retailer, which offers clothing, shoes and accessories for missy and plus-size women and tween girls, under the Justice, Lane Bryant, Maurices, Dressbarn and Catherines brands.

November 12, 2012

Retired Williams-Sonoma exec joins Best Buy

Best Buy today announced that retired director, EVP, chief operating and CFO of Williams-Sonoma, Inc., Sharon McCollam, will join the company as its new chief administrative and CFO, effective Dec. 10, according to a Reuters report.

Minneapolis -- Best Buy today announced that retired director, EVP, chief operating and CFO of Williams-Sonoma, Inc., Sharon McCollam, will join the company as its new chief administrative and CFO, effective Dec. 10, according to a Reuters report. McCollam, 50, left Williams-Sonoma earlier this year after serving as an executive officer for more than 12 years.

McCollam succeeds CFO James Muehlbauer, whose departure was announced last month. Muehlbauer will leave the company at the end of this fiscal year, allowing for a smooth transition.

November 5, 2012

Valspar CFO retires

Lori Walker, SVP and CFO of Valspar, will retire from the company. The announcement was made by Gary Hendrickson, chairman of the board and CEO of Valspar.

MINNEAPOLIS — Lori Walker, SVP and CFO of Valspar, will retire from the company. The announcement was made by Gary Hendrickson, chairman of the board and CEO of Valspar.

October 29, 2012

New CFO named at Bacardi

Bacardi Limited has named Joseph Schena as SVP and CFO, replacing Jacques Croisetière, who is retiring from the company.

HAMILTON, Bermuda — Bacardi Limited has named Joseph Schena as SVP and CFO, replacing Jacques Croisetière, who is retiring from the company.

As SVP and CFO, Schena will also serve as a member of the Bacardi leadership team and report to Bacardi Limited president and CEO Ed Shirley. In addition, Schena will be appointed president and CEO of Bacardi International Limited. He will join the company on Dec. 3 and will be based in the global headquarters in Hamilton, Bermuda; pending approval by the Bermuda Department of Immigration.

October 29, 2012

Retail CFOs worried about economy and healthcare costs

Nearly half (49%) of retail CFOs expect their capital expenditures will increase in the next 12 months, a 19-point uptick that leads all industries, and 29% expect to consider additional financing for expenditures, also leading all industries.

NEW YORK — Nearly half (49%) of retail CFOs expect their capital expenditures will increase in the next 12 months, a 19-point uptick that leads all industries, and 29% expect to consider additional financing for expenditures, also leading all industries. according to GE Capital’s latest semi-annual “U.S. Mid-Market CFO Survey.” (Retail respondents have revenues of $150 million and an employee count of 1,235, on average. Data comparisons are against the GE Capital Mid-Market’s CFO Survey executed in first quarter 2012.

October 10, 2012

Best Buy exec changeups continue with search for new CFO

More unsettling news from Best Buy this week, as the company announced the departure of EVP and CFO Jim Muehlbauer.

MINNEAPOLIS — More unsettling news from Best Buy this week, as the company announced the departure of EVP and CFO Jim Muehlbauer.

Muehlbauer, who joined the company in 2002, will support the company through 2013 as it searches for a new finance chief.

September 18, 2012

Study: Retail CFOs forecast 4.5% increase in total 2012 sales

A study released by BDO USA found that retailers are generally confident that year-end sales will top last year’s.

Chicago -- A study released on Tuesday by BDO USA found that retailers are generally confident that year-end sales will top last year’s. According to the sixth-annual BDO Retail Compass Survey of CFOs, which examined the opinions of 100 leading retail CFOs nationwide, retailers are expecting a 4.5% increase in total 2012 sales.

September 18, 2012

Walgreens' senior suite goes global

Walgreens on Tuesday announced several new senior management roles, including an expanded role for CFO Wade Miquelon and the appointment of current SVP and chief strategy officer Robert Zimmerman as the lead executive responsible for the Walgreens-Alliance Boots' "synergy team."

DEERFIELD, Ill. — Walgreens on Tuesday announced several new senior management roles, including an expanded role for CFO Wade Miquelon and the appointment of current SVP and chief strategy officer Robert Zimmerman as the lead executive responsible for the Walgreens-Alliance Boots' "synergy team." Succeeding Zimmerman as chief strategy officer will be Brad Fluegel.