Bank of West Hires New CFO

Bank of the West announced today that Duke Dayal has joined the bank as Chief Financial Officer. Dayal has more than 20 years of experience in international finance and was most recently a Managing Director of Brysam Global Partners, a New York-based private equity firm focused on investing in financial services. “Bank of the West’s history of sound financial management and its strong reputation in the market for outstanding service position it well to capitalize on growth opportunities,” Dayal said.

“Duke Dayal joins our team with a an impressive record of leadership in growing organizations, which, together with his strong finance and strategic skills, makes him a great addition to our executive management team,” Bank of the West Chairman and CEO Michael Shepherd said.
Prior to Brysam, Dayal was an executive with Citigroup serving in finance roles in the U.S., Europe and Asia. Among those roles was CFO of Citibank West, where he led the integration of Golden State Bancorp. Dayal also held senior finance roles in North America, Europe and Africa at Diageo, a leading consumer products company.


Dayal received a degree in Accounting and Finance from Nottingham Trent University, England and is a member of the Chartered Institute of Management Accountants in England.

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Level One Bank Names New CFO

Level One Bank said it has named David C. Walker as EVP and CFO of the company. In his new position, Walker will be responsible for all treasury, accounting, finance, investments, asset/liability management, information technology, real estate, and bank security matters. Level One Bank is a locally-owned, full-service commercial bank with assets in excess of $170 million at 2009 year-end.The bank provides commercial banking services including lines of credit, term loans, commercial mortgages, SBA loans, and a full suite of Treasury management services.

“We are extremely pleased to have a person of David’s caliber become a part of our organization,” said Patrick Fehring, president and CEO of the bank. “David’s experience and expertise will be invaluable as we look forward to continuing the Bank’s growth trends into 2010 and beyond.”

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CIT Searching for New CFO as well as CEO

CIT has emerged from the bankruptcy courts and is looking for a new CEO to lead the company to their next stage. The Wall Street Journal also reported today they are looking for a new CFO. One person mentioned that CIT may be looking at is Nelson Chai, Former CFO at Merrill Lynch. His selection may be helped if John Thain, Former Merrill Lynch CEO is hired as CEO.

CFO Shifts To Head Division at Bank of America

Bank of America Corp. promoted Chief Financial Officer Joe Price to head consumer banking, as new Chief Executive Officer Brian Moynihan announced his management team . Price will be president of the consumer, small business and card banking unit, according to a company statement today. Price, 48, has held positions in finance, risk management and corporate strategy. He was president of consumer finance from 1999 to 2002.

The CFO position will be handled by Neil Cotty on an interim basis after Feb 1. The Bank has started an external search for a new CFO

New CFO Named at Armstrong Worldwide

Armstrong World Industries, Inc. announced that Thomas B. Mangas was named Senior Vice President and Chief Financial Officer effective February 1, 2010.Armstrong Armstrong World Industries, Inc. is a global leader in the design and manufacture of floors, ceilings and cabinets. In 2008, Armstrong's consolidated net sales totaled approximately $3.4 billion.

"We are excited to have Tom working with us," said Chairman and CEO, Michael D.Lockhart. "We are pleased to have an executive of Tom's caliber from a world-class company like Procter & Gamble join Armstrong at this exciting time in Armstrong's history. His background and expertise will be important aids to realizing our significant sales growth and margin expansion objectives over the next several years. We all owe Bill Rodruan hearty thanks for his invaluable work as interim CFO." Mangas most recently served as Vice President and Chief Financial Officer of the $28 billion Beauty and Grooming business of Procter & Gamble (P&G). He had an impressive progression of finance roles at P&G, where he has spent the entirety of his career.

Based in Lancaster, Pa., Armstrong operates 37 plants in nine countries and has approximately 11,000 employees worldwide.

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New CFO at Silverleaf Resorts Inc.

Silverleaf Resorts, Inc. announced that its has elected Harry J. White, Jr. as Silverleaf's Chief Financial Officer. Mr. White joined Silverleaf in 1998, previously served as the CFO of the Company. In February 2008 he left his role as CFO t focus on other company priorities.He most recently served as Vice President -- Treasurer. Mr. White succeeds Robert M.
Sinnott, who resigned as the Company's Chief Financial Officer, effective January 8, 2010.

Robert E. Mead, Chairman and Chief Executive Officer of Silverleaf Resorts, Inc., commented, "We are pleased to announce Harry White's appointment as Chief Financial Officer. Because of his long tenure with the Company in various senior accounting and financial positions, we believe he will have a seamless transition in his return as our CFO. In addition, I would like to thank Bob Sinnott for his service to Silverleaf and wish him the best in his future endeavors."

Silverleaf Resorts Based in Dallas, Texas, Silverleaf Resorts, Inc. currently owns and operates timeshare resorts with a wide array of country club-like amenities, such as golf, clubhouses, swimming, tennis, boating, and many organized activities for children and adults.

New CFO Named at Carrollton Bancorp

Carrollton Bancorp, (NASDAQ: CRRB) the parent company of Carrollton Bank has announced the appointment of Mr. Mark A. Semanie as the Senior Vice President/Chief Financial Officer effective January 4, 2010.

Mr. Semanie brings a wealth of experience in the banking industry to Carrollton Bancorp and Carrollton Bank and will serve as the top financial officer and as a member of the executive team of Carrollton Bancorp and Carrollton Bank.

Mr. Robert A. Altieri, President and Chief Executive Officer, stated that “Mark will be a key member of our team as we continue to work to build a major community banking presence in the Baltimore region.”

Mr. Altieri and Mr. Albert R. Counselman, Chairman of the Board of Directors also extend their deep appreciation to Mr. Francis X. Ryan, member of the board who served as Interim CFO during the latter part of the fourth quarter. Mr. Ryan returns solely to the Board of Directors.

Carrollton Bancorp is the parent company of Carrollton Bank, a commercial bank serving the deposit and financing needs of both consumers and businesses through a system of 11 branch offices in central Maryland. The Company provides brokerage services through Carrollton Financial Services, Inc., and mortgage services through Carrollton Mortgage Services, Inc., subsidiaries of the Bank.

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New Arden CFO Named

Arden Group Inc., the parent company of Southern California supermarket chain Gelson's Markets, on Monday named Laura Neumann as its new chief financial officer.

Neumann has worked for Arden for more than 10 years, most recently as the company's senior director of financial reporting and compliance. In the absence of a CFO, Neumann handled many of those duties as the principal financial officer of the company since July 2005.

Shares of Arden rose $1.14 to close at $92.31.

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New CFO Promoted at Premier Healthcare

Craig McKasson, the Premier healthcare alliance's vice president of finance and corporate controller, will be promoted to senior vice president and chief financial officer (CFO) effective January 1, 2010. As CFO, McKasson will join Premier's executive leadership team and will report directly to Susan DeVore, Premier's President and CEO. McKasson will replace Ann Rhoads, who is resigning her position after 11 years of service, following a recently announced office consolidation that is expected to be complete by February 2011.

During Rhoads' tenure, the volume of Premier's supply chain business increased to more than $32 billion with revenues doubling to more than $600 million. She has been instrumental in Premier's strategic decisions as to business acquisitions and divestitures.

"With extensive experience managing Premier's financials under Ann Rhoads, Craig is the ideal candidate to serve as CFO. His promotion is a testament to Ann's leadership and Premier's internal succession planning," said DeVore. "Ann was a valued member of our executive team and we will regret her departure, but I am confident that Craig will follow her legacy to provide sound financial strategy to Premier and members of our alliance." As CFO, McKasson will have responsibility for the financial affairs of Premier, including strategic financial planning, internal and external financial reporting, corporate forecasting, tax compliance and planning, treasury services and investor relations. He will also oversee Premier's corporate information technology division. McKasson will also manage the transition of San Diego-based employees to Premier's Charlotte headquarters.

McKasson has served as vice president of finance and corporate controller since 1997. In this capacity he has overseen Premier's accounting department and managed corporate financial reporting. Before joining Premier, McKasson was a licensed Certified Public Accountant (CPA) and a consulting manager at Ernst & Young LLP, providing audit, tax and consulting services for various privately held development companies, as well as multi-state publicly traded organizations. McKasson holds master's and bachelor's degrees in accounting from San Diego State University.

Remy International Announces New CFO

Remy International, Inc., a leading worldwide manufacturer, remanufacturer, and distributor of heavy duty systems, starters, and alternators, locomotive products, and hybrid technology announced today that Fred Knechtel has joined the company as Senior Vice President and Chief Financial Officer. Fred was most recently CFO at Stanley Bostitch, a $550 million division of Stanley Works. He has a vast amount of financial experience at Northrup Grumman, Stern Stewart, Millennium Chemicals and DuPont Teijin Films. Fred has a Bachelor's Degree in Mechanical Engineering from Stonybrook University, and an MBA from Hofstra University.

John Weber, President & CEO of Remy International, stated, "I am very excited to have Fred join our Company. His unique background in engineering and finance will be a great asset to Remy International." Fred replaces Doug Laux who served as Senior Vice President and Chief Financial Officer for the past two years and is leaving to pursue other endeavors.

Playboy CFO to Resign

Playboy Enterprises Inc. said Monday Linda G. Havard will step down as executive vice president and chief financial officer at the end of the year.

The media company said it will begin its search for a successor immediately.

Havard has managed the company's financial, treasury, accounting and technology functions for the past 12 years.

Her resignation follows reports that Playboy is in talks to sell its business.

The company's shares closed up 23 cents, or 5.1 percent, at $4.78 before the resignation was announced.

Lawson Announces New CFO

Lawson Products, Inc.(NASDAQ:LAWS) today announced that Ron Knutson will join the company as Senior Vice President and Chief Financial Officer.

Knutson most recently served as Senior Vice President and CFO of Texas-based Frozen Food Express Industries. He will join Lawson on November 16, 2009, and assume the CFO responsibilities from F. Terrence Blanchard, who has served as CFO on an interim basis since 2008. Blanchard will remain with the company to facilitate a smooth transition.

"We are very excited to have found a seasoned executive of Ron's caliber to join our leadership team. Ron brings a wealth of experience that will be critical components of our impending strategic initiatives and future growth plans," noted Thomas Neri, President and Chief Executive Officer of Lawson Products, Inc. "Ron's background complements the capabilities of our management team and I am confident he will further improve our operating and financial efficiency." Ron Knutson stated, "Lawson Products has been a highly respected industrial organization for decades and I am honored to be joining the Lawson team. I look forward to helping the company achieve its long-term strategic objectives." Prior to joining Frozen Food Express Industries, Knutson was Vice President of Finance at Ace Hardware Corporation responsible for all CFO related duties.

NOVA Chemicals Announces Board of Directors

NOVA Chemicals today announced the membership of its new Board of Directors, including the appointment of Dr. Gerhard Roiss as Chairman of the Board and Mohamed Al Mehairi as Vice Chairman. International Petroleum Investment Corporation (IPIC) and OMV Aktiengesellschaft (OMV) recently received clearance from the European Commission with respect to their plans for potential joint control of NOVA Chemicals. Accordingly, effective November 10, 2009, NOVA Chemicals' Board was expanded to consist of seven directors.

The members of the new NOVA Chemicals Board are:

* Gerhard Roiss, Chairman – Deputy CEO of OMV and Chairman of Borealis AG (Borealis) Supervisory Board
* Mohamed Al Mehairi, Vice Chairman – Director, Investments of IPIC, member of Borealis Supervisory Board
* David C. Davies – Chief Financial Officer (CFO) of OMV, member of Borealis Supervisory Board
* Georg F. Thoma – Shearman Sterling LLP
* Philip J. Brown – Torys LLP
* Mark Garrett – Chief Executive Officer (CEO) of Borealis
* Randy G. Woelfel – CEO Designate of NOVA Chemicals

In addition, NOVA Chemicals confirmed that November 16, 2009 is the effective date for the previously announced appointments of Randy Woelfel as CEO and Todd Karran as CFO and Treasurer.

NOVA Chemicals develops and manufactures chemicals, plastic resins and end-products that make everyday life safer, healthier and easier. Our employees work to ensure health, safety, security and environmental stewardship through our commitment to sustainability and Responsible Care®. NOVA Chemicals is a wholly owned subsidiary of The International Petroleum Investment Company (IPIC) of the Emirate of Abu Dhabi. Learn more at www.novachemicals.com.

Tyler Rose New CFO at Kilroy Realty

Real estate investment trust Kilroy Realty Corp. said Tuesday its senior vice president and treasurer, Tyler H. Rose, will be promoted to executive vice president and chief financial officer starting at the end of the year.

The company said Tyler will take over from Richard E. Moran Jr., who will step down after serving in that role since 1997.

Kilroy Realty also announced that Michelle Ngo, senior director of corporate finance, will be promoted to vice president and treasurer. She joined the company in 2006 after holding finance positions in the real estate, private equity and investment banking industries.

Shares of Kilroy Realty fell 28 cents to close at $28.61.

TechniScan Hires New CFO

TechniScan, Inc. a medical device company engaged in the development and commercialization of an automated breast ultrasound imaging system, today announced that Steven K. Passey, CPA, has joined the Company as its new Chief Financial Officer. TechniScan, which recently became a publicly-traded company, conducted an extensive search of qualified candidates and found Mr. Passey's background and qualifications lined up perfectly with the needs of a firm that is now publicly-owned.

"Steve is a fantastic addition to our roster of talented professionals," Chief Executive Officer David C. Robinson commented. "His background with publicly-traded companies, IPOs, budget planning and cost control ensures we will maintain the highest standards as a public company. More importantly, Steve's background will help us secure the additional investment we need to ensure our Svara(TM) automated, 3D ultrasound system is launched properly and is available to help doctors improve breast cancer detection and to ultimately save lives." TechniScan's new CFO was most recently the Vice President, Chief Accounting Officer and Treasurer for Mrs. Fields' Famous Brands (Mrs. Fields and TCBY brands) in Salt Lake City, UT. Prior to that, Mr. Passey was hired to spearhead all SEC filings for Extra Space Storage, another publicly-traded company based in Salt Lake. As Controller of REIT Properties for that $200M revenue company, he played a key role in helping launch 34 newly acquired properties. Previously, Mr. Passey also spent several years as a Senior Manager for public accounting firm Ernst & Young. Mr. Passey received his Bachelor of Science degree in accounting from the University of Utah, and is a certified public accountant.