Merrill Lynch & Co., the $70.6 billion, New York-based financial manage ment and advisory company, has named Nelson Chai executive vice president and CFO. Chai, 42, succeeds Jeffery N. Edwards, who will remain with Merrill in an operating role. Chai joins the company from NYSE Euronext where he served as executive vice president and CFO since 2006. He served in the same capacity with Archipelago Holdings Inc. from 2000 to 2005. Prior to Archipelago, he assumed senior roles with Dade Behring, AlliedSignal and Philip Morris.
McDonald's Corp., with headquarters in Oakbrook, Ill., has promoted senior vice president and corporate controller Peter J. Bensen to the position of executive vice president and CFO. Bensen, 45, succeeds Matthew Paull, who has retired. Bensen has spent more than a decade with the $21.6 billion owner of the Golden Arches and has served in a number of capacities including staff director with the financial reporting group, assistant controller and corporate controller. His finance career began at Ernst & Young.
Time Warner Inc., the New York-based $44.2 billion media conglomerate, has named John K. Martin Jr. executive vice president and CFO. Martin, 39, succeeds Wayne H. Pace, who retired. Joining in 1993, Martin served Time in many capacities, including vice president of investor relations. He left in 2000 for ABN Amro Securities, but returned in 2002 as senior vice president of investor relations. He was named CFO of Time Warner Cable Inc. in 2005. Senior executive vice president Robert D. Marcus replaces him at the cable company.
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Lear Corp., the $17.8 billion autoparts supplier with headquarters in Southfield, Mich., appointed Wendy Foss vice president, corporate controller and chief compliance officer. Before joining Lear in 1999, Foss, 50, held various senior finance positions with United Technologies Automotive and PricewaterhouseCoopers. She came to Lear as its accounting director in 1999 when Lear acquired UTA. Prior to her promotion, she served as vice president of accounting and assistant corporate controller.
GMAC Financial Services, the New York-based $18.2 billion global financial services company, has named Robert Hull CFO. Hull, 43, replaces Sanjiv Khattri, GMAC's newly named executive vice president of corporate development and strategy. Hull joins the company from Bank of America, where he served as CFO of the global wealth and investment management and principle investing divisions. Earlier, he served as CFO of card services. He joined the bank in 2001 as senior vice president of strategy and financial planning.
MasterCard Inc., the $3.3 billion payment system with headquarters in Purchase, NY., has named Martina Hund-Mejean its new CFO. Hund-Mejean, 47, succeeds Chris A. McWilton, who has been named president of global accounts. Hund-Mejean joins the company from Tyco International Ltd. where she served as senior vice president and treasurer. Before Tyco, she was treasurer of Lucent Technologies Inc. Before that, Hund-Mejean held positions of increasing responsibility with General Motors Corp., including assistant treasurer.
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