"In going from GE to Webvan, I saw the unique characteristic as being that Webvan was a company leveraging technology to differentiate itself in the

marketplace," he says. "TRW is a company that has proven its ability to use technology to continue to differentiate

itself and its customer base. That's

the common theme between what we did at Webvan and what we will continue trying to do at TRW." He replaces Carl G. Miller, who retires after

six years as TRW's CFO.

Swan, 41, says his sojourn in dot-com land will come in handy at TRW, a

$17.2 billion-revenue provider of technology products and services to the aerospace, automotive and information-systems industries.

At Webvan, he learned about using technology "to reinvent an industry," a

skill he says he can apply to TRW's effort to commercialize some of its defense industry technologies.

"One of the lessons [I] learned is [the importance of] a better understanding

of the market readiness for a particular technology," he says. "There are opportunities to push a technology in the marketplace and opportunities

where the technology is pulled by the marketplace. Striking a healthy balance is important so that you're not trying to introduce a technology before a

market is really ready to deal with it."

It is difficult to imagine a more painful lesson than Webvan, which had a

market cap of $8.45 billion in November 1999, immediately following its initial public offering, only to shut down its operations last July.

"One of the challenges in that environment is that it has to do with changing

consumers' behaviors," Swan says. "That is always a tough row to hoe."

Swan, of course, has other job experiences to fall back on. "I will now be

relying more on my prior experience" at GE, he says of the TRW post. –David S. Ortiz

PEOPLE ON THE MOVE

Harold L. Covert has been named CFO of Extreme Networks of Santa

Clara, Calif. He replaces Vito Palermo, 37, who resigned. Covert, 54, most recently served as president and finance chief of Silicon Graphics in

Mountain View, Calif., and before that, CFO of Red Hat in Research Triangle Park, N.C.

Bennett Nussbaum has joined No. 2 fast-food giant Burger King as CFO,

overseeing finance, treasury, real estate and management information systems. He reports to Chairman and CEO John H. Dasburg. Nussbaum

was senior vice president and CFO at business-services chain Kinko's. He takes over from Hunada Nouss, finance director for

Burger King U.K. and

Ireland, who had been managing corporate finance functions on an interim basis.

Dun & Bradstreet named Sara Mathew senior vice president and CFO.

Formerly Procter & Gamble's vice president of finance for Europe, Africa and the Middle East, Mathew replaces Chester J. Geveda, the financial

publisher's acting CFO. Geveda returns to his original post as controller and reports to Mathew.

Richard Hinckley joined Fortera (formerly Gladwyne Software Surety) as

CFO, a new position. He was a senior vice president at Kemper Insurance, where he launched Kemper's risk finance operations. Fortera is a King of

Prussia, Pa.-based provider of risk management services. Sherwin-Williams has promoted Sean P. Hennessy to

senior vice president,

CFO and treasurer, from vice president and controller of the company's consumer group.

Hennessy, who joined the Cleveland paint company in

1984, replaces Larry J. Pitorak, who left to pursue other interests.

USOL Holdings promoted 28-year-old Shane Menking to CFO from

controller. Menking replaces Don Barlow, 54, who was also COO and president and who left the Austin, Texas-based telecommunications

company to pursue other interests.

Engelhard, an Iselin, N.J.-based specialty chemicals company, promoted

controller Michael A. Sperduto, 43, to CFO. He succeeds Thomas Fitzgerald, who left in February 2000.

USX's planned spin-off of its steel and energy businesses into two separate

companies in January is resulting in several changes in finance. John P. Surma, 47, currently the assistant to the chairman, will become vice

chairman and CFO of the newly created United States Steel, replacing Robert M. Hernandez, who will retire from USX.

Albert E. Ferrara, 52,

becomes senior vice president and treasurer of United States Steel, succeeding Edward F.

Guna, who is also retiring. The energy unit, to be called Marathon Oil, will see John Mills, currently USX's senior

vice

president of finance and administration, take over as CFO.

Melissa Moore has been appointed corporate controller of Chicago-based

Bank One. She succeeds William J. Roberts, 56, who is retiring after 14 years in the position. Moore, 38, was with Price-waterhouseCoopers for 17

years, the last five as a financial services audit and business advisory partner. She will report to CFO Charles Scharf.

Ingram Micro named Thomas A. Madden, 47, CFO and executive vice

president. He succeeds Michael J. Grainger, 48, who had been CFO of this Santa Ana, Calif.-based computer wholesaler since 1996 and became

president and COO in January. Madden had been senior vice president and CFO at Troy, Mich.-based auto-components supplier

Arvin-Meritor.

Allied Waste Industries named Thomas P. Martin vice president and

treasurer, replacing G. Thomas Rochford. Martin, 45, joins the Scottsdale, Ariz.-based, $6 billion-revenue solid waste company from E*Trade Group,

where he was vice president and treasurer.

John F. Stillo has joined Toyota Financial Services as vice president and

CFO, replacing Bob Allen, who became vice president of international operations and commercial finance. Stillo, who was executive vice president

of investments and capital planning at Associates First Capital, reports to CEO George Borst.

Alan Silverglat has been named CFO of St. Louis-based publisher Pulitzer.

He joined the company from Knight-Ridder, where he was treasurer. Silverglat replaces Richard Ridgway, who is retiring.

Matthew F. Hilzinger has been named Credit Acceptance Corp.'s

executive vice president of finance, a new position. Southfield, Mich.-based Credit Acceptance is a sub-prime lender to used-car buyers.

Hilzinger had been vice president and controller for Kmart.

Robert E. Klatell was appointed acting CFO of Melville, N.Y.-based

Arrow Electronics, replacing Sam Leno, who left to become CFO of Zimmer Holdings, a Warsaw, Ind., orthopedics subsidiary spun off by Bristol-Myers

Squibb. Klatell, 55, is also the company's executive vice president, general counsel and secretary.

LookSmart, a San Francisco Internet search directory company, named

Dianne Dubois CFO. She replaces Martha Clark, who left to pursue other interests. Dubois had been the vice president of finance for the North

American region at E*Trade Group.

John V. Cracchiolo was appointed chief operating officer and CFO of

medical-device maker Endocare of Irvine, Calif. Cracchiolo, 45, was president of QuadraMed, a San Rafael, Calif., health care information

technology company. He replaces William R. Hughes, 44, who will continue to serve as a consultant during a transitional

period.

Timothy B. Page, 48, has been named CFO of Miami-based Perry Ellis

International, an apparel marketer and designer. Page had been CFO of Farah Inc., an El Paso, Texas, apparel maker. He succeeds Neal S.

Nackman, who resigned to join Martha Stewart Omnimedia.

Charles R. Hageboeck, 39, has been named CFO of Charleston,

W.Va.-based multibank holding company City Holding. He replaces Robert Henson, who resigned in March to pursue other opportunities.

Hageboeck was director of business forecast planning for pharmaceuticals company

Roche Diagnostics.

Joseph Tomczak has been appointed CFO of Coachmen Industries, an

Elkhart, Ind.-based maker of modular housing and recreational vehicles. He was CFO of Kevko, a supplier to manufactured housing and recreational

vehicles.