Terence P. Delaney adds interim CFO to vice president of investor relations and planning at Sunoco Inc., the $44.7 billion manufacturer and marketer of petroleum and petrochemical products based in Philadelphia. Delaney, 52, replaces Thomas W. Hofmann, 56, who will retire after six years as senior vice president and CFO. A 29-year company veteran, Delaney has held his current position since January 2003. Previously he held various strategic planning, budgeting, external reporting and auditing positions.
Jairaj Chetnani, one of Treasury & Risk's top 40 executives under 40 for 2008, is the new vice president and treasurer at Quanex Building Products Corp., the $2 billion manufacturer of engineered materials and components for the building products market based in Houston, Texas. Chetnani, 37, succeeds John J. Mannion, 42, who resigned to pursue other opportunities. Chetnani joins the company after three years as treasurer at MEMC Electronic Materials, a manufacturer of semiconductor and solar wafers. Previously, Chetnani spent four years as assistant treasurer at transportation services provider YRC Worldwide.
Kevin M. McNamara will retire as executive vice president, CFO and treasurer on May 31, at HealthSpring Inc., the $1.6 billion provider of supplemental Medicare plans based in Franklin, Tenn. McNamara, 52, has held this position since joining the company in April 2005 from HCCA International, a healthcare management and recruitment company where he was CFO since October 2002. From April 2005 to January 2006 McNamara also served as non-executive chairman of ProxyMed, a provider of automated healthcare business and cost containment solutions. HealthSpring will engage a national search firm to recruit candidates for a new CFO.
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Frederick J. Boyle moves up to senior vice president, CFO and treasurer at the $1.5 billion energy company DPL Inc. and its main subsidiary, regulated utility Dayton Power and Light (DP&L) in Ohio. Boyle, 51, replaces John J. Gillen, 55, who resigned to accept a position with a privately held firm in the professional services industry. Most recently, Boyle served as vice president and chief accounting officer at DPL and DP&L since July 2007. Boyle joined DPL and DP&L in June 2006 as controller and chief accounting officer from Direct Energy, an energy services company, where he was vice president of finance for growth markets since October 2005.
John D. Feehan will remain vice president and CFO at Virgin Mobile USA Inc., the $1.3 billion provider of wireless communications services based in Warren, N.J. Feehan, 43, had announced in September 2008 his intention to become CFO at LifeLock, an identity-theft prevention service. Feehan joined Virgin Mobile in January 2002 as vice president of financial operations and was promoted to his current position in August 2006. Previously, Feehan was vice president for financial and operational planning.at Faro Pharmaceuticals, a subsidiary of Canadian investment firm Counsel Corp., which sold much of the company's assets to Prometheus Laboratories in May 2001.
Russel Devendorf is the new senior vice president and CFO at WCI Communities Inc., the $936.4 million real estate developer based in Bonita Springs, Fla. Devendorf, 35, succeeds Ernest J. Scheidemann, 48, who resigned as interim CFO, vice president and treasurer last August after the company filed for Chapter 11 bankruptcy protection; Scheidemann became interim CFO in December 2007 when James P. Dietz, 44, resigned as executive vice president CFO to accept a position in the vacation resort industry. Devendorf joins the company from Meritage Homes, where he served as vice president of finance since May 2008. From March 2002 to May 2008, Devendorf held several financial and accounting management positions at homebuilder TOUSA.
Charles M. Osborne will retire as CFO and executive vice president on July 31, 2009 at Fair Isaac Corp., the $822.2 million developer of credit scoring systems based in Minneapolis. Osborne, 54, has held his current position since August 2007, after serving as CFO and vice president from May 2004 to July 2007 and also as interim CEO from November 2006 to February 2007. From 1999 to 2003 Osborne was a partner and investor with Gateway Alliance, a venture capital partnership, and from July to December 2000 he was also executive vice president and CFO at 21 North Main, a now defunct online used bookseller. The company will conduct a national search for Osborne's replacement.
Peter A. Nicholson is the new CFO at RC2 Corp., the $489 million designer, producer and marketer of toys for infants and toddlers based in Oak Brook, Ill. Nicholson, 45, replaces Jody L. Taylor, 40, who remains with the company in a risk management leadership role. Nicholson became a consultant to the company in July 2008, after providing various financial reporting consulting services to corporate clients since 2005. From 2001 to 2004, Nicholson was CFO at Pro-Face America, a provider of industrial automation hardware and software solutions and subsidiary of Osaka, Japan-based Digital Electronics.
David C. Martin has become senior vice president and CFO at Sun-Times Media Group Inc., the $372.3 million newspaper publisher based in Chicago. Martin, 52, succeeds William G. Barker III, 49, who resigned to pursue other opportunities. Martin joined the company in April 2006 and most recently served as vice president of financial planning. The change comes after the financially troubled company announced its chairman will resign at year-end and that it will volunarily deregister its Class A common stock, which was delisted from the New York Stock Exchange last May.
Elizabeth A. Keys resigned as senior vice president and CFO at Syncora Holdings Ltd., the $336.6 million financial guaranty insurer based in Hamilton, Bermuda, to pursue another employment opportunity within the financial services industry. Keys, 39, was promoted to this position in June 2008 after serving as managing director and head of financial planning since August 2006. Keys joined the company in May 2005 as CFO of its primary guarantee subsidiary, Syncora Guarantee. Before joining the company, Keys was controller at GMAC Commercial Finance, a subsidiary of General Motors Acceptance Corp. (now GMAC LLC). The company has not yet named Keys' successor.
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