Sears Holding Corp. named J. Miles Reidy executive vice president and CFO of the $53 billion retailer, based in Hoffman Estates, Ill. Reidy, 45, replaces William C. Crowley, acting CFO and chief administrative officer. Reidy joins Sears from Capital One Financial Corp., where he assumed senior financial and planning roles, most recently as financial cost executive. Before Capital One, he held numerous financial and strategy positions with Chevy Chase Bank, FSB, First Commerce and Mellon Bank.
Owens Corning, the $6.4 billion leader in building materials systems and composite solutions, based in Toledo, named Duncan Palmer CFO. Palmer, 41, replaces Mike Thaman, who has been promoted to CEO. Before joining Owens Corning, Palmer spent 20 years with Royal Dutch Shell PLC, most recently serving as vice president of upstream commercial finance for Shell International Explorationa and Production BV. He has also served as vice president of finance for the Shell Lubricants business internationally.
Ann Taylor Stores Inc. appointed Michael J. Nicholson executive vice president and CFO of the $2.3 billion women's specialty retailer, with headquarters in New York. Nicholson, 41, succeeds James M. Smith, who resigned to pursue other interests. Throughout his career, Nicholson has held various senior finance positions with Colgate-Palmolive Co. and Altria Group Inc. He has spent the last seven years with Limited Brands Inc., most recently serving as executive vice president, chief operating officer and CFO of Victoria's Secret Beauty Co.
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Affiliated Computer Services Inc., the $5.8 billion provider of business process outsourcing and information technology solutions, based in Dallas, promoted executive vice president of finance and accounting Kevin Kyser to the position of CFO. Kyser, 40, succeeds John Rexford, who will continue with the company in the in the new position of executive vice president, focused on corporate development initiatives. Kyser joined ACS in 1997 and has served as corporate controller, CFO of the commercial solutions group and, most recently, executive vice president of finance and accounting.
The Hanover Insurance Group Inc. has announced the resignation of executive vice president and CFO John J. Leahy, one month after he took the job, attributing his departure to personal reasons. Leahy joined Hanover after the resignation of Edward Parry III, who left Aug. 31. Prior to joining Hanover, Leahy served in various key business and strategy capacities for PepsiCo Inc. and Keane Inc. The company has begun a search for Leahy's replacement, and, for the interim, has named Fredrick H. Eppinger, the company's CEO, acting CFO.
Anixter International Inc. promoted senior vice president of finance and CFO Dennis Letham to executive vice president of finance and CFO of the $4.9 billion distributor of communication products, electrical and electronic wire and cable, based in Glenview, Ill. Letham, 56, has spent the past 12 of his 14 years at Anixter as senior vice president of finance and CFO. In the last year, he has taken on additional duties, mainly in the human resources area, which helped accelerate his promotion.
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