Alliance One International Inc., the $2 billion leaf tobacco merchant with headquarters in Morrisville, N.C., has appointed Robert A. Sheets as executive vice president and CFO. Sheets, 53, replaces James A. Cooley, who resigned. Previously Sheets served as the executive vice president of finance and CFO of Standard Commercial Corp., a predecessor of the company, from April 1998 to May 2005 when Standard merged with DIMON Inc. to form Alliance One, and served on its board of directors. Before that, he held various finance positions with R J Reynolds International.
HealthExtras Inc., the $1.9 billion provider of pharmacy benefit management services based in Rockville, Md., appointed Hai Tran CFO, effective July 1. Tran, 39, will succeed Michael P. Donovan, who will remain the company's executive vice president of corporate development. Tran comes to HealthExtras from Hanger Orthopedic Group Inc., an orthotic and prosthetic provider, where most recently he served as vice president and treasurer.
Verisign Corp., the $1.5 billion Internet infrastructure provider based in Mountain View, Calif., has appointed Brian G. Robins, senior vice president, acting CFO. Also, Robynne D. Sisco, senior vice president and chief accounting officer, assumed additional responsibilities as controller. Robins, 38, and Sisco replace Albert E. Clement and Debbie W. Tuck, who resigned on April 4. According to Verisign, neither resignation was the result of any action that, to its knowledge, would adversely impact its financial statements or operations.
Franklin Electric Co. Inc., the $602 million designer, manufacturer and distributor of groundwater and fuel pumping systems based in Bluffton, Ind., named John J. Haines vice president, secretary and CFO. Haines, 44, replaces Thomas J. Strapp, who stepped down as secretary and CFO to focus on his position as president of Franklin's expanding water transfer systems business. Haines joins Franklin from HSBC Finance Corp., where he headed its auto finance business from August 2004 to February 2008. The previous 15 years were spent in a number of executive and financial positions with General Electric Co.
QLogic Corp., the $586.7 million networking storage company headquartered in Aliso Viejo, Calif., appointed Simon Biddiscombe senior vice president and CFO. Biddiscombe, 40, will take over from vice president of finance Doug Naylor, who became interim CFO after senior vice president and CFO Tony Massetti resigned in January. Biddiscombe became CFO of Mindspeed in 2003, when the Newport Beach, Calif.-based supplier of semiconductors spun off from Conexant Systems Inc.
Westmoreland Coal Co., the $504.2 million coal company based in Colorado Springs, Colo., promoted Kevin Paprzycki to CFO from controller and principle accounting officer. The company also named Douglas P. Kathol treasurer, a position he will hold while continuing as vice president of development. Paprzycki, 37, and Kathol, 54, succeeded David J. Blair and Ronald H. Beck, who both left the company amid an SEC investigation into accounting errors.
Tuesday Morning Corp., the $408.5 million retailer headquartered in Dallas, promoted Stephanie Bowman executive vice president and CFO. Bowman, 45, succeeds Michael Marchetti, the acting CFO since January, who continues to serve as executive vice president and COO. An executive with 20 years of financial experience, Bowman joined Tuesday Morning in 2006 as vice president of finance. Previously she held that position at Summit Global Partners, a privately held insurance brokerage firm acquired by USI Holdings, Inc., a publicly traded insurance brokerage firm, in 2004.
Targa Resources Inc., the $7.2 billion provider of midstream natural gas and natural gas liquid services based in Houston, Tex., named Matt Meloy vice president of finance and treasurer. Meloy will also assume the same positions subsidiary Targa Resources GP. Meloy joined Targa Resources Inc. in 2006, as director of corporate development. Previously he worked in The Royal Bank of Scotland's structured finance group, focusing on the energy sector.
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