Former Compaq CFO joins Computer Associates. . .

EXPRESS SCRIPTS NAMES CFO

Edward Stiften was named CFO and senior vice president of Express Scripts Inc., a $13.2 billion pharmacy benefits management company based in St. Louis, Mo. He replaces George Paz, who became the company's president in October 2003. Stiften, 49, joins Express Scripts from BJC Healthcare, a nonprofit hospital chain where he had served as CFO since 1998. Earlier, he was executive vice president and chief administrative officer of Clark Refining & Marketing Co. and spent 16 years in various positions at General Dynamics Corp., including corporate controller.

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CLARKE JOINS COMPUTER ASSOCIATES AS CFO

Jeff Clarke, the CFO of Compaq Computer Corp. before it merged with Hewlett-Packard in mid-2002, was named CFO and executive vice president of Computer Associates International Inc. The $3.1 billion software company is entangled in an investigation of past accounting practices. Its previous CFO, Ira Zar, pleaded guilty to securities fraud in April after resigning at the company's request in October 2003. Clarke, who served as Hewlett-Packard's executive vice president of merger integration after the $19 billion deal, resigned from Hewlett-Packard in November, telling reporters that he wanted to be a CFO. Clarke, 42, started his career in 1985 at Digital Equipment Corp. and joined Compaq in 1998 when it acquired Digital. He served as Compaq's vice president of finance and strategy before being named CFO in 2001. Douglas Robinson, who served as Computer Associates' interim CFO, will resume his position as senior vice president of finance.

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Safeway Inc., the $35.5 billion food and drug retailer based in Pleasanton, Calif., named Robert Edwards CFO and executive vice president. He replaces Vasant Prabhu, who left to become CFO and executive vice president of Starwood Hotels and Resorts Worldwide Inc. Edwards, 48, joins Safeway from Maxtor Corp., a $4 billion supplier of hard disk drives and data storage solutions, where he was CFO and executive vice president. Earlier, Edwards spent five years as CFO and chief administrative officer of Imation Corp., and worked for Santa Fe Pacific Corp. and affiliated companies for 20 years. Maxtor says Theodore Hull, its vice president of finance, will serve as acting CFO.

Campbell Soup Co., a $6.6 billion maker of condensed soup and other food products based in Camden, N.J., named Gerald Lord vice president of finance and strategy for its new North America division, which will have $5 billion in sales revenue. Lord, 57, was most recently Campbell's controller and vice president, and previously served as its treasurer after joining in 1996 as controller of its international business. Earlier, Lord held senior financial positions at General Foods Corp. and Kraft Foods Inc. Anthony DiSilvestro replaces Lord as Campbell's controller and vice president. DiSilvestro, 45, had been managing director of Campbell's international division since 2002. He has held senior finance and corporate strategy positions, including treasurer, since joining the company in 1996 and earlier held a number of finance jobs at Scott Paper Co.

Amerada Hess Corp., a $14.3 billion New York-based energy exploration and production company, named John Rielly CFO and senior vice president. He succeeds John Schreyer, who is retiring. Rielly, 41, joined the company as controller and vice president in 2001 after spending 17 years at Ernst & Young LLP. Amerada Hess also named John Scelfo senior vice president of finance and corporate development, a new position. Scelfo, 46, joined the company as CFO and vice president for worldwide exploration and production. Previously, he was CFO of Sirius Satellite Radio Inc. and the Asia Pacific operations of Dell Inc.

Susan McFarland was named corporate controller of Capital One Financial Corp, a $9.7 billion credit card issuer based in McLean, Va. She succeeds Robert Crawford, who left to become controller of SLM Corp., commonly known as Sallie Mae. McFarland, 42, was most recently CFO of Capital One's U.S. card division. She joined the company from Bank One Corp., where she held various positions, including CFO of national functions and controller of the Houston division.

Joseph Schena was promoted to controller, principal accounting officer and vice president of The Gillette Co., a $9.2 billion maker of shaving supplies based in Boston, Mass. He succeeds Claudio Ruben, who is retiring after 33 years with Gillette. Schena, 45, was most recently vice president of financial operations. Before joining Gillette in 2001, he was vice president of strategic business planning at Nabisco Foods and held various financial management positions at General Foods Corp.

Zurich Financial Services, a $40.4 billion insurance and financial services company based in Zurich, Switzerland, named Thomas Bradley chief operating officer for finance and administration, and CFO of its North American commercial operations. He succeeds John McCartney, who is retiring. Bradley, 46, had been CFO and executive vice president of The St. Paul Companies Inc. since 2001, but lost out when the company merged with Travelers Property Casualty Corp. in April and Travelers' finance chief, Jay Benet, was named CFO of the combined entity. Bradley arrived at The St. Paul in 1998 when it acquired USF&G, where he was corporate controller. Earlier, he spent nine years at Zurich and one of its subsidiaries, Maryland Casualty Co., in finance positions.

BorgWarner Inc., a $3 billion maker of power train products for automobile manufacturers, named Robin Adams CFO, executive vice president and chief administrative officer. Adams, 50, most recently was CFO and executive vice president of finance for American Axle Manufacturing Inc. It's a homecoming of sorts: Adams worked for BorgWarner for 13 years, including serving as its treasurer from 1993 to 1999, when he left to join American Axle. He succeeds interim CFO William Cline, who will resume his position as corporate vice president and controller. BorgWarner's previous CFO, George Strickler, left in November.

Cassio Calil, formerly an assistant treasurer at IBM Corp., has signed on with JP Morgan Chase & Co. as head of corporate structuring solutions and as a managing director. Calil, 40, had worked at IBM for 17 years. As assistant treasurer, he oversaw global operations funding, foreign exchange strategy and financial risk management. At JP Morgan, he will work with corporate clients to devise structured solutions. Calil reports to Christopher Harvey, head of structured products derivatives marketing.

Kevin Smith was named CFO and executive vice president of R.R. Donnelley & Sons Co., a $4.7 billion Chicago-based printing company. He replaces Jim Sulat, the interim CFO since Gregory Stoklosa, R.R. Donnelley's CFO since 2000, left the company at the time of its March merger with Moore Wallace Inc. The company says Sulat is leaving to pursue other business opportunities. Smith, 49, was most recently CFO of executive search firm Heidrick & Struggles International Inc. Previously, he was CFO and executive vice president at True North Communications Inc.

Nortel Networks Corp., a $9.8 billion telecom equipment maker based in Toronto, named William Kerr interim CFO and MaryAnne Pahapill interim controller. Kerr and Pahapill replace Douglas Beatty and Michael Gollogly, respectively, who were placed on paid leave of absence while the audit committee investigates the restatement of the company's financials announced last fall. Kerr, 50, joined Nortel as controller in 1994 and held numerous senior positions before retiring in 2001. Pahapill, 43, was most recently Nortel's assistant treasurer.

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