HICKS RESIGNS AS CHUBB'S CFO
Weston Hicks resigned as CFO of Chubb
Corp., the $7.7 billion insurer, to become executive vice president of Alleghany Corp., a $925 million provider of insurance, minerals and steel fasteners based in New York City. He will supervise Alleghany's investment portfolio and insurance holdings. Hicks, 45, reportedly decided to leave Chubb after learning he wouldn't be named to succeed Dean O'Hare, its chairman and CEO, who is retiring at the end of the year. Chubb named Michael O'Reilly, its executive vice president and chief investment officer, as interim CFO and said he's likely to serve until a new CEO is appointed.
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WEEDEN NAMED KEYCORP CFO
KeyCorp, a $7.4 billion banking and financial services company based in Cleveland, hired as its CFO Jeffrey Weeden, who was formerly CFO of Firstar Corp., a Cincinnati-based bank now known as U.S. Bancorp. Weeden replaces K. Brent Somers, who is retiring, Weeden, 46, was most recently CEO and president of MFN Financial Corp. He spent seven years at Firstar, beginning in 1991, and during that time he was involved in its merger and acquisition activities, including Firstar's merger with Star Banc Corp.
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Sears, Roebuck & Co., the $41 billion retailer based in Hoffman Estates, Ill., promoted Glenn Richter to CFO and senior vice president. Richter, 40, succeeds Paul Liska, who was promoted to executive vice president and president of credit and financial products. Richter most recently served as Sears' senior vice president of finance, after joining the company in 2000 as its controller. Earlier, he served as CFO and controller at Dade Behring International and worked at PepsiCo.
Bernard Han returned to Northwest Airlines as its CFO and executive vice president after a stint at America West Airlines, where he most recently served as CFO and executive vice president. Han, 38, replaces Mickey Foret, who retired to spend more time with his family. During the first half of the 1990s, Han held various financial positions at Northwest, a $9.9 billion company based in Eagan, Minn. In 1996, he joined $2 billion America West, based in Tempe, Ariz., as senior vice president of financial planning and analysis. He was named CFO in September 2001. Derek Kerr, 37, succeeds Han as America West's CFO. Kerr was most recently the airline's senior vice president of financial planning and analysis.
Jacqueline Wagner was named chief operational risk officer, general auditor and senior vice president of American Express Co., a $22.6 billion financial services company based in New York. Wagner, 49, succeeds Mary Miller, who will retire at the end of this year. Before joining American Express, Wagner served as general auditor of General Motors Corp. and as general auditor and controller at Phillips Petroleum Co.
Richard Nicholas was named CFO and vice president of The United Illuminating Co., a $1.1 billion utility based in New Haven, Conn. Nicholas, 47, replaces Gregory Sages, who is resigning to pursue other opportunities. Nicholas was most recently vice president of corporate development and administration of UIL Holding, the parent company of United Illuminating. Before joining UIL, he was with Southern New England Telecommunications Corp. for 23 years and most recently served as its assistant vice president of regulatory affairs and public policy.
Salton Inc., a $922 million appliance maker in Lake Forest, Ill., says David Mulder, its chief administrative officer and executive vice president, has added the title of senior financial officer. In that role, he succeeds John Thompson, who is retiring. Mulder, 41, joined Salton in March 2002 as chief administrative officer. Earlier, he served as chief financial and administrative officer of KoSa.
Qwest Communications International Inc. named Janet Cooper treasurer and senior vice president. Cooper, 49, succeeds Scott Berman, who left the $19.6 billion telecom company in June. Cooper most recently was CFO and senior vice president of administration for McData Corp. Before joining McData, Cooper had been senior vice president of finance, controller and treasurer of U S West and Qwest.
State Street Corp., a $5.6 billion investment management and investor services company based in Boston, named Edward Resch CFO and executive vice president. Resch succeeds Ronald O'Kelley, who left in March for personal reasons. Resch, 50, most recently served as CFO and managing director of Pershing, a subsidiary of Credit Suisse First Boston.
Martin Ellen joined Snap-on Inc., a $2.1 billion manufacturer and distributor of high-quality hand tools, as CFO and senior vice president. Ellen, 48, replaces Donald Huml, who left in April to become CFO of Greif Bros. Corp. Ellen most recently was CFO of Cabot Microelectronics Corp. and earlier served as CFO of Whitman Corp.
American International Group Inc., the $55.4 billion New York-based insurer, named Steven Bensinger treasurer and vice president, succeeding Carol McFate. Bensinger, 47, joins AIG from Combined Specialty Group Inc., the underwriting arm of Aon Corp., where he was CFO and executive vice president. Earlier he worked for Trenwick Group Ltd., Chartwell Re and Skandia America Corp. McFate, who had been AIG's treasurer since 1998, was named senior vice president of AIG Trading Group Inc.
American Greetings Corp., a $2.4 billion greeting card company based in Cleveland, named Robert Ryder CFO and senior vice president. Ryder, 42, replaces William Meyer, who plans to retire in March. Ryder was most recently controller of PepsiCo's Frito-Lay North America division and earlier served as CFO of Frito-Lay International's developing markets division.
Gateway Inc. named Roderick Sherwood III CFO and senior vice president. He replaces Joseph Burke, who will assume the role of senior vice president of business development for Gateway, a $6.1 billion maker of personal computers in Poway, Calif. Sherwood, 49, most recently was CFO and executive vice president of Loudcloud Inc., a software company that's now called Opsware Inc. Earlier, he held executive and senior financial positions at Chrysler Corp. and Hughes Electronics Corp.
Ingersoll-Rand Co. Ltd., a $9.7 billion manufacturer based in Bermuda, promoted Richard Randall to controller. He replaces Steve Shawley, who was named president of Thermo King, a subsidiary of Ingersoll-Rand, in September. Randall, 51, had served as president of Ingersoll-Rand's engineered solutions industrial group.
D. Dwight Scott was promoted to CFO and executive vice president of El Paso Corp., a $57.5 billion energy company based in Houston. His promotion was part of a management shuffle that occurred a week after a judge ruled the company had held back natural gas during California's energy crisis, a charge El Paso denies. Scott succeeds H. Brent Austin, who was promoted to president and chief operating officer. Scott, 39, had been El Paso's senior vice president of finance.
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