Google Inc., the $10.6 billion Internet search giant based in Mountain View, Calif., has announced the retirement of CFO George Reyes. Reyes, 53, will remain with the company until a replacement has been named to ensure a smooth transition. During his five-year tenure at Google, Reyes assisted in the regulatory demands of Sarbanes-Oxley implementation and the challenges of scaling a global finance organization. He joined Google from ONI Systems Corp. where he served as acting CFO. Prior to ONI, he spent 13 years with Sun Microsystems Inc., holding various finance positions including controller and treasurer.
Gap Inc. has announced that current senior vice president of corporate finance Sabrina Simmons will assume the position of acting CFO, following the resignation of CFO Byron Pollitt. Simmons has also been appointed to the newly created position of executive vice president of the $15.9 billion specialty retailer, with headquarters in San Francisco. Simmons, 44, began her career with Gap six years ago as vice president and treasurer.
Equity Residential Properties Trust, the $1.9 billion real estate investment trust, with headquarters in Chicago, appointed John G. Lennox as acting CFO. Lennox, 53, replaces Donna Brandin, who resigned to pursue other professional and personal interests. Lennox has spent over 23 years with Equity Residential, serving as controller, senior vice president of finance and administration and, most recently, as senior vice president of financial planning and analysis.
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Coldwater Creek Inc., the $1 billion upscale multi-channel retailer, based in Sandpoint, Idaho, named Timothy O. Martin CFO. Martin, 38, succeeds Melvin Dick, who had previously announced his retirement. Martin came to Coldwater in August 2006 as vice president of finance. Before joining the company he held numerous senior finance positions with Amgen Inc., including chief accounting officer and vice president of finance and global commercial operations. He also spent time at Gap Inc. where he assumed senior-level finance positions.
Flowers Foods Inc. named R. Steve Kinsey senior vice president and CFO of the $1.9 billion wholesale bakeries, with headquarters in Thomasville, Ga. Kinsey, 46, replaces Jimmy M. Woodward who has retired for family reasons. Woodward will continue with the company in an advisory capacity. Kinsey joined Flowers Foods in 1989 as a tax associate and in 1994 was promoted to tax manager. In 1998, Kinsey was named director of tax and became controller in 2002.
Skyworks Solutions Inc. named Donald W. Palette vice president and CFO of the $773 million wireless chipmaker, based in Woburn, Mass. Palette, 50, replaces Allan Kline, who has moved to an advisory role with Skyworks. Previously, Palette held numerous financial executive management positions with Simplex Corp., Bell & Howell and Publication Systems Co. Most recently, he served as senior vice president of finance and controller of Axcelis Technologies Inc.
The Timberland Co., a $1.6 billion footwear, apparel and accessories company, with headquarters in Stratham, N.H., named John Crimmins CFO. Crimmins, 50, has served as acting CFO since March 2007. Crimmins came to Timberland in 2002 and has served in the capacity of vice president, chief accounting officer and corporate controller.
Sunrise Senior Living Inc. has appointed Richard J. Nadeau CFO of the $1.8 billion senior living services, based in McLean, Va. Nadeau, 52, replaces Julie A. Pangelinan, who served as acting CFO and will continue to serve as chief accounting officer. Nadeau has most recently served as a consultant to Sunrise. Earlier, he was CFO of Mills Corp. From March 2005 to March 2006, Nadeau was CFO of Colt Defense LLC and from 2002 to 2005 a partner at KPMG LLC. Earlier, he spent 25 years with Arthur Andersen LLP, rising to the positions of national practice director and audit partner.
CoreSource Inc. has named Clare Smith CFO of the $126 million subsidiary of Trustmark Mutual Holding Co., based in Lake Forest Ill. Smith, 43, succeeds Karla Mansfield who left to pursue personal interests. Smith has held various positions of increasing responsibility at KPMG Peat Marwick, Zurich Kemper Life Insurance and Kemper Insurance Companies and most recently serving as vice president of Financial Planning and analysis for Bankers Life and Casualty.
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