McDonald's Corp. has announced the retirement of current CFO Matthew Paull, of the $21.6 billion corporation that franchises and operates McDonald's restaurants, with headquarters in Oak Brook, Ill. Paull, who has served as CFO since 2001 has decided to pursue a career in teaching. The company will begin its internal and external search in the near future. Paull has agreed to stay through the end of the year to ensure a smooth transition.
Circuit City Stores, Inc. named Bruce Besanko CFO and executive vice president of the $12.4 billion retailer of consumer electronics and related services, with headquarters in Richmond, Va. Besanko joins Circuit City from The Yankee Candle where he served as CFO and senior vice president since April 2005. From 2002 to 2005 he assumed the role of vice president of finance for Best Buy Co., Inc. Prior to that he spent 6 years with Sears Roebuck's & Co. performing various financial leadership roles. From 1992 to 1996 he assumed finance, accounting and treasury positions with Atlantic Richfield Co.
The Hershey Co. the $4.9 billion manufacturer of chocolate and sugar confectionery products, with in headquarters in Hershey, Pa., appointed Bert Alfonso CFO and senior vice president. Alfonso joined Hershey in July 2006 to assume the role of vice president of finance and planning of U.S. Commercial Group. Prior to Hershey, he was named vice president of finance, global supply chain for Cadbury Schweppes Americas Beverages and was later promoted to CFO and executive vice president of finance. Before Cadbury, Alfonso was CFO and vice president for the Adams division of Pfizer, Inc. And from 1983 to 2000, he held numerous financial positions of increasing responsibility at Warner-Lambert Co.
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Jones Apparel Group Inc., the $4.7 billion designer, marketer and wholesaler of branded apparel, footwear and accessories, based in New York, named John T. McClain CFO. McClain replaces Wesley R. Card who has been promoted to President and CEO. McClain began his career with Arthur Andersen as audit manager and then from 1993 to 1998 he was with ITT Corp., where he held various roles including assistant controller, director of accounting and manager of financial reporting. He then moved on to Sirius Satellite Radio Inc. and assumed the roles of vice president, controller and chief accounting officer. Most recently he served as chief accounting officer of Avis Budget Group Inc.
Wachovia Corp. named Pete Carlson corporate controller and principle accounting officer of the $46.8 billion diversified financial services company, based in Charlotte, N.C. Carlson has acted in this capacity since October 2006. He came to Wachovia in 2002 and has served as both co-director of accounting policy and director of external reporting. Before coming to Wachovia, he was an audit partner with Arthur Andersen LLP.
Marvell Technology Group Ltd. announced the appointment of Michael Raskin as interim CFO of the $2.2 billion developer of storage, communications, and consumer silicon solutions. Raskin most recently served as vice president and general tax counsel for Marvell Semiconductor Inc., a subsidiary of the company, in 2007, he was named special assistant to the CEO and vice president of strategic development of MSI. His experience extends over three decades with global technology companies establishing international tax structures. Before Marvell, Raskin spent 13 years at Apple Inc., where he served as general manager of Asia and Latin America, director of marketing for Apple Japan, director of international legal, director of international business development, and director of taxes, customs and export licensing. Prior to Apple, he was responsible for tax planning at Digital Equipment Corp. for six years.
Northwest Airlines Corp., the $12.6 billion airline with headquarters in Eagan, Minn., named Terry Mackenthun vice president of financial planning and analysis. Mackenthun succeeds Barry Hofer, who has been promoted to vice president of facilities and airport affairs. Mackenthun came to Northwest in 1994 and has assumed numerous key financial and marketing roles and appointed managing director in 2005. Prior to joining Northwest, he was a senior auditor for Ernst & Young LLP.
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