NStar, a Boston-based energy company with $3.3 billion in 2008 revenue, promoted Philip Lembo to treasurer and vice president. He succeeds James Judge, who continues to serve as the company's CFO and senior vice president. Lembo, 53, joined NStar in 1983 and has served in several finance positions since then, including audit director. Most recently, he was assistant treasurer of investor relations and corporate finance. In his new role, Lembo will oversee an expanded number of treasury functions including corporate finance and cash management, investor relations, real estate and facilities management, property tax and risk management,
Cracker Barrel Old Country Store, the Lebanon, Tenn.-based restaurant chain with $2.4 billion in 2008 revenue, appointed Sandra Cochran CFO and executive vice president. Cochran, 49, brings five years experience as the CEO of retailer Books-A-Million, where she had also served as president since 1999 and CFO from 1993 to 1999. Prior to joining Books-A-Million, Cochran served as vice president of finance at SunTrust Securities. N.B. Forrest Shoaf, Cracker Barrel's general counsel, had served as interim CFO since March 2008.
Sauer-Danfoss, a Lincolnshire, Ill.-based hydraulic systems manufacturer with $2.1 billion in 2008 revenue, appointed Jesper Christensen CFO and executive vice president. Christensen, 39, succeeds Karl Schmidt, 55, who is leaving to pursue other opportunities. Schmidt had held the role since 2002. Christensen has served as vice president of finance, IT and human resources for the Danfoss motion controls division since 2007.
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Media General, an $800 million media company, promoted Timothy Mulvaney to controller, effective July 1. He succeeds Stephen Dickinson, who continues to serve as Richmond, Va.-based Media General's chief accounting officer. Mulvaney, 40, joined the company in 1997 as manager of financial reporting and had been assistant controller since 2005.
Intersil, a Milpitis, Calif.-based semiconductor designer and manufacturer with $770 million in revenue, appointed Jonathan Kennedy CFO and senior vice president. Kennedy, 38, had served as interim CFO since December. He succeeds David Zinsner, who left to become CFO of Analog Devices. Kennedy joined Intersil in 2004 as director of finance and has held the position of corporate controller since 2005. Prior to joining Intersil, he worked in finance and information technology at Alcon and Harris Corp.
Insituform, a Chesterfield, Mo.-based provider of technologies and services for rehabilitating underground piping systems with $537 million in 2008 revenue, named Kenneth Young treasurer and vice president. He succeeds former treasurer Andrew Hay, who left the company. Young, 58, brings 30 years experience in treasury and financial management. Most recently, he served as CFO, secretary and treasurer for Huttig Building Products. Prior to Huttig, he was corporate treasurer for MEMC Electronic Materials.
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