Tyson Foods Inc., a $26 billion meat processor and marketer based in Springdale, Ariz., named Wade Miquelon CFO. He replaces Dennis Leatherby, Tyson's interim CFO since July 2004. Leatherby retains his role as senior vice president of finance and treasurer. Miquelon, 41, most recently was finance chief and general manager for The Proctor & Gamble Co.'s (P&G) Western Europe region based in Geneva, Switzerland. Earlier, he served as CFO and senior director for P&G's 42-country ASEAN, Australia and India region, based in Singapore. He spent seven years at the company headquarters in Ohio where he held various positions, including group manager of new business development and finance director for the global IT division.
David Hitchcock was named corporate controller of Lucent Technologies Inc., a $9.4 billion telecom equipment manufacturer based in Murray Hill, N.J. He replaces John Kritzmacher, who was promoted to CFO in February. Hitchcock, 45, most recently was vice president of business operations and finance for the company's worldwide services. Earlier, he held financial leadership positions at Lucent and its predecessor, AT&T Corp., where he served as vice president of finance for the services and supply chain division and vice president of finance for the corporate centers. Hitchcock joined AT&T's manufacturing operations in 1983.
HSBC North America Holdings Inc., a banking service provider with more than $300 billion in revenue, named Jack McGinnis controller, a new position for the company. For the last three years, McGinnis, 39, was a partner for the Toronto office of Ernst & Young LLP. He joined the firm in 1989 as senior manager of the Chicago and San Francisco offices. Meanwhile, at HSBC Finance Corp, HSBC's $18 billion consumer lending service segment based in Prospect Heights, Ill., James Binyon was named chief accounting officer. He replaces Beverley Sibblies, who was promoted to CFO and senior vice president in October 2005. Most recently, Binyon, 42, was controller and vice president of HSBC Finance Corp., after spending 17 years with HSBC.
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Walgreen Co., a $42.2 billion drugstore chain based in Deerfield, Ill., named Robert Zimmerman corporate vice president of and chief administration and finance officer for the managed care division, Walgreens Health Services (WHS), a new position. Most recently, Zimmerman, 54, was WHS's divisional vice president. Earlier, he served as vice president of administration and manager of corporate planning for WHS after he joined Walgreen as an analyst in the results unit in 1977.
Peter Ragauss was named CFO and senior vice president of Baker Hughes Inc., a $7.1 billion Houston-based products and service provider for the oil and gas industry. He succeeds Stephen Finley, who retired. Most recently, Ragauss, 48, was controller of the refining and marketing segment at BP PLC in London. After he joined BP in 1998, he served as CEO of Air BP Ltd., a business segment subsidiary, and assistant to the group chief executive of BP. Previously, he worked at Amoco Energy International, where he served as vice president of finance and portfolio management, and El Paso Energy, where he served as vice president of finance.
Eaton Corp. named Ken Semelsberger vice president of corporate development and treasury, a new position. Semelsberger, 44, most recently was vice president of strategic planning after holding positions in business development and planning. He joined the $11.1 billion Cleveland-based diversified industrial manufacturer in 1999 as a senior financial analyst. Previously, he was a consultant at Coopers and Lybrand International.
Ron Ranallo was named corporate controller and vice president of Owens Corning, a $6.3 billion fiberglass and composite solutions maker based in Toledo, Ohio. He replaces Roy Dean, who was named president of the insulating systems business. Ranallo, 46, most recently was acting general manager and vice president for the construction services division. He joined the company in 1999 and since then has held management positions in finance and sourcing. Earlier, he served as vice president of audit and internal consulting at Eaton Corp.
Dole Food Co., a $5.9 billion fresh fruit and vegetable producer based in Westlake Village, Calif., named Keith Mitchell CFO of its North American fresh fruit operations, a unit with $950 million in sales revenue. He succeeds Philip Von Schmeling, who left the company. Mitchell, 45, most recently was director of finance and administration for the European fresh fruit operation. Previously, he served as controller at this division and director of European financial reporting. He joined Dole in 1993 as an internal audit manager.
Freddie Mac, a $32.6 billion government-sponsored mortgage finance company based in McLean, Va., named its president and COO, Eugene McQuade, to the additional role of interim CFO. He replaces Martin Baumann, who left the company. McQuade, 57, has been Freddie Mac's president and COO since September 2004. He joined the company from Bank of America Corp., where he served as president and helped with the merger between Bank of America and FleetBoston Financial Corp. in April 2004. Tyson Foods Gets New CFO from P&G…Microsoft Names New Chief Accounting Officer…>Prior to the merger, he was COO, president and CFO of FleetBoston. He joined FleetBoston in 1992 from Manufacturers Hanover Corp., a predecessor of JPMorgan Chase, where he served as controller.
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