Curtis E. Espeland becomes the new senior vice president and CFO on Sept. 1 at Eastman Chemical Co., the $6.8 billion producer of chemicals, fibers and plastics based in Kingsport, Tenn. Espeland, 44, succeeds Richard A. Lorraine, 62, who is retiring after five years with the company. Espeland, a 12-year company veteran, has served as chief accounting officer since 2002. Scott V. King, 39, will take on that position while continuing as vice president and controller.

Thomas M. Manley is the new CFO at Avaya Inc., the $5.1 billion telecommunications company based in Basking Ridge, N.J. Manley, 49, takes over from Edwin J. Gillis, 59, a Teradyne Inc. director who was appointed interim CFO in October after Caroline Dorsa, 48, resigned to become senior vice president and CFO at Gilead Sciences Inc. Previously, Manley served as senior vice president of administration and CFO at Cognos ULC, an IBM Corp. subsidiary.

Ullrich E. Porzig is retiring as senior vice president, CFO and treasurer at Collective Brands Inc., the $3 billion maker and retailer of footwear and accessories based in Topeka, Kan. Porzig, 62, has served in his current positions since February 2006. Porzig will remain through the filing date of the company's Form 10-Q for the second fiscal quarter. A search for Porzig's successor is under way.