CFOs on the Move: Week Ending Dec. 13

American Water Words, CTS, Federal-Mogul, Real Mex Restaurants, Waters, Asbury Automotive, Oil States, Apollor Residential Mortgage, ValueOptions, Allete

CFO Susan Story will become CEO and president of American Water Works in May, upon the retirement of Jeff Sterba. The company plans to appoint a new CFO by that time.

CTS Corp. has promoted Ashish Agrawal to the top finance spot. He takes over from Tom Kroll, who will retire in March. Previously, Agrawal was vice president, treasury and corporate development, at the electronic components and sensors designer and manufacturer.

Rajesh Shah has been named to head finance at Federal-Mogul. He is a former CFO of X-Rite.

Real Mex Restaurants has selected Blake Barnett to lead the finance function. Most recently, he held the top finance spot at Kraco Enterprises.

John Ornell is stepping down as finance chief of Waters Corp. effective Feb. 1, but will remain with the company as a part-time adviser. Eugene Cassis, corporate vice president of worldwide business development and investor relations, will become interim CFO.

Asbury Automotive Group has announced that head of finance Scott Krenz is retiring, effective Dec. 31. Keith Style, now vice president of finance, will take over the top spot on Jan. 1.

Oilfield-services firm Oil States International has named Lloyd Hajdik CFO and treasurer. He succeeds Bradley Dodson, who will become executive vice president, accommodations, until a proposed spin-off of that business is completed, when he will become its president and CEO. Hajdik joins the company from Helix Energy Solutions, where he was chief accounting officer and senior vice president-finance.

Teresa Covello has been named CFO, secretary and treasurer of Apollo Residential Mortgage, effective Jan. 1, replacing Stuart Rothstein. Covello has been controller at the firm since last year.

ValueOptions, which specializes in emotional and mental recovery and well-being, has appointed treasurer Douglas Thompson to be its next finance chief. He will succeed Scott Tabakin, who will retire at the end of the year.

Allete has promoted Steve DeVinck to the top finance spot, effective March 3. He takes over from Mark Schober, who announced last August that he would retire. DeVinck is now controller at the energy company.

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