O'REILLY NAMED CHUBB CFO
Michael O'Reilly, the vice chairman of Chubb Corp., the $9.1 billion insurer with headquarters in Warren, N.J., has taken on the additional title of CFO after serving as interim CFO for the last 10 months. O'Reilly, 60, didn't come up through the finance ranks but through the investment department. He joined the company in 1969 as a securities analyst and held various positions before being appointed chief investment officer in 1986. He was named vice chairman in 2002. O'Reilly retains oversight of the investment department in his new position. He succeeds Weston Hicks, who left Chubb in October to become executive vice president of Alleghany Corp.
VALERO PROMOTES CISKOWSKI TO CFO
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Mike Ciskowski was promoted to CFO of Valero Energy Corp., a $26.9 billion oil refiner in San Antonio, Texas. He succeeds Danny Gibbons, who is taking early retirement after 22 years with Valero. Ciskowski, 46, most recently was vice president of corporate development and in that position oversaw Valero's $6 billion acquisition of Ultramar Diamond Shamrock, as well as its purchases of four refineries and two asphalt plants. In his 18 years with Valero, Ciskowski has also served as its director of investor relations and as financial planning director. Before joining Valero, he worked for Williams Exploration Co. and Getty Oil Co. in finance and planning jobs.
The Goodyear Tire & Rubber Co., a $13.8 billion tire maker based in Akron, Ohio, hired Thomas Connell as controller and vice president. The company is reviving the position of controller; its senior vice president of corporate financial operations, Stephanie Bergeron, had been handling the duties of controller. Connell, 54, was TRW Inc.'s corporate controller until Northrop Grumman Corp. acquired TRW in 2002. Connell joined TRW in 1979 and served in a variety of financial positions. Before working at TRW, he was an audit supervisor for accounting firm Ernst & Ernst.
Cendant Corp., a $14 billion New York-based hotel franchiser, named Virginia Wilson chief accounting officer and executive vice president. She succeeds Tobia Ippolito, who was named CFO of Cendant Car Rental Group, a $1 billion subsidiary that operates Avis Rent A Car System Inc. and Budget Rent A Car System Inc. Ippolito replaces Kevin Sheehan, who was promoted to CEO and chairman of vehicle services. Ippolito, 39, had been executive vice president of finance and administration for Cendant's Internet group before serving as chief accounting officer. Wilson, 49, was most recently controller and senior vice president of MetLife Inc. Earlier, she was controller of Transamerica Life Cos. and worked for 19 years at Deloitte & Touche LLP.
Laurie Stewart was named corporate treasurer and vice president of Air Products & Chemicals Inc., a $5.4 billion provider of gases and chemicals with headquarters in Allentown, Pa. She succeeds Marshall Sullivan, who is retiring. Stewart, 44, was treasurer of Pennzoil-Quaker State Co. until it was acquired by Shell Oil Co. in 2002. Earlier, she spent 12 years in financial positions at Marathon Oil Co.
Brunswick Corp., a $3.7 billion producer of leisure products including boats and bowling products, promoted Peter Leemputte to CFO and senior vice president. He replaces Victoria Reich, who was named president of Brunswick's new European operating unit. Leemputte, 46, joined Lake Forest, Ill.-based Brunswick as controller and vice president in 2001. Earlier, he was CFO and executive vice president of Chicago Title Corp.
Wendy Hargus was promoted to treasurer of American Electric Power Co. Inc., a $14.5 billion electric utility and power distribution company based in Columbus, Ohio. She replaces Geoffrey Chatas, who left to join Progress Energy Inc., a $7.9 billion utility in Raleigh, N.C., as senior vice president of finance, a new position. Hargus, 46, most recently was assistant treasurer and vice president of treasury operations. She had been treasurer of Central and South West Corp. before it merged with AEP in 2000. Hargus joined Central and South West in 1980. Chatas, 40, had held various finance positions since joining AEP in 1997, including vice president of corporate finance. Earlier, he worked for Bank One Capital and Citibank.
Graphic Packaging Corp., a newly formed provider of paperboard based in Marietta, Ga., named John Baldwin CFO and senior vice president. Baldwin, 46, had been CFO of Worthington Industries for four and one-half years and spent 16 years at Tenneco Inc., where his final position was assistant treasurer.
Baxter Phillips Jr. was promoted to CFO and senior vice president of Massey Energy Co, a $1.6 billion coal mining company based in Richmond, Va. that was spun off from Fluor Corp. in 2001. He replaces Kenneth Stockel, who resigned to move back to Texas. Phillips, 57, most recently was the company's treasurer. Since joining A.T. Massey Coal in 1981, he has been in various positions, including vice president of purchasing and administration.
Carlos Abaunza was named controller and vice president of Knight Ridder Inc., the $2.8 billion newspaper chain based in San Jose, Calif. He replaces Margaret Randazzo, who was named assistant to the president and vice president of the newspaper division. Abaunza, 44, most recently was CFO and vice president of finance at The Miami Herald, a Knight Ridder paper. Earlier, he was CFO and treasurer of World Fuel Services Corp. and worked in finance positions at Citicorp and Southeast Bank.
Weatherford International Ltd., a $2.3 billion Houston-based supplier of equipment and services to the oil and gas drilling industries, named Joseph Gocke treasurer. He succeeds Jay Hudgins, who will retain his position as director of tax. Gocke, 44, joined Weatherford from Aquila, Inc., where he served as assistant treasurer. Previously, he was vice president of finance at Indeck Energy Services Inc. and vice president of public and project finance at Sanwa Bank.
Gokul Hemmady was appointed CFO of ADC Telecommunications Inc., a $1 billion telecommunications equipment provider that is based in Minneapolis. Hemmady succeeds Robert Switz, who was promoted to president and CEO in August. Hemmady, 42, had been ADC's corporate controller and treasurer since 2002. He will be replaced as treasurer by Mark Borman, who will also retain his current role as the company's vice president of investor relations. Borman, 42, joined ADC in 1998 after working at General Instrument Corp., First Chicago Corp. and FMC Corp. Hemmady joined ADC in 1997 as assistant treasurer after working at U.S. West, Citibank and S.B. Billimoria & Co.
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