In a Jan. 26 regulatory filing in which virtualization infrastructure firm VMware said it will take a charge of $55 million to $65 million to cover the cost of laying off 800 employees, the company also announced a switch of CFOs, effective March 1. The finance reins will pass from Jonathan Chadwick to Zane Rowe, currently finance chief for EMC, which owns a majority stake in VMware. EMC is currently trying to complete its $67 billion merger with Dell, announced last October.
A day after Juniper Networks projected earnings and revenue below analyst estimates on Wednesday, the company’s shares dropped by 16% and it announced that CFO Robyn Denholm was leaving after eight years in the job. Her replacement is Ken Miller, who moves up from his post as senior vice president of finance.
WSFS Financial Corp., which manages $5.6 billion in assets and is the parent company of WSFS Bank, is resuming its search for a new finance leader. The firm announced in November that Kevin Thompson, senior vice president of corporate financial planning and analysis, would come aboard as CFO. That plan was delayed because of an auto crash that seriously injured multiple members of Thompson’s family. Now, with a prognosis suggesting a long recovery period, Thompson has decided not to take the job. Rodger Levenson, executive vice president and chief corporate development officer, will continue to serve as interim CFO.
Jim Johnson is the new CFO for cloud-based financial software provider Adaptive Insights. After serving with Sun Microsystems for 15 years, rising to vice president of finance, Johnson held CFO posts for a series of technology companies, most recently TIBCO Software. At Adaptive, in addition to his finance role, he will have operational responsibilities.
Nasdaq announced that CFO Lee Shavel will retire effective March 31, five years after he arrived from Bank of America Merrill Lynch. Corporate controller Ron Hassen will serve as interim CFO.
SevOne, a provider of management solutions for digital infrastructure, has hired Rafe Brown as its CFO. Brown had been finance chief for Pegasystems, a publicly held maker of software for managing business processes and customer-relationships, since September 2013. Before that he was at Salesforce.com for nine years in a variety of executive-level finance roles.
Stryker Corp., a Fortune 500 medical technology company, has promoted Glenn Boehnlein to head up finance upon the retirement of William Jellison, effective April 1. Boehnlein most recently was group CFO for Stryker’s MedSurg & Neurotechnology unit. He has been with the company since 2003.
Automotive supplier Visteon announced that finance chief Jeffrey Stafeil will step down when the company finds his successor, which it expects to happen by the end of the first quarter. He had been hired by CEO Tim Leuliette, who was also Stafeil’s boss at their previous employer, Dura Automotive Systems. Leuliette retired last June.
Interim finance chief Erich Schnaufer is now the full-fledged CFO for Ryerson Holding Corp., a large metals processor and distributor. A 10-year veteran of the company, he had been controller and chief accounting officer since 2007. He succeeds Edward Lehner, who was promoted to president and CEO last year.
The Phoenix Companies, an insurance solutions provider, will promote Ernest McNeill to the top finance spot upon the completion of its merger with Nassau Reinsurance Group Holdings. McNeill, currently chief accounting officer, will replace Bonnie Malley, who intends to leave the company. He joined Phoenix in August 2014 and previously held senior accounting and finance positions with Fidelity Investments and Hartford Financial Services.
Restaurant chain Johnny Rockets has hired Suzanne Stover as its new CFO. She previously headed finance for the New York Racing Association and restaurant chain Rosa Mexicana, and was controller for California Pizza Kitchen.
Retailer Land’s End has hired Jim Gooch as CFO and COO. He most recently was co-chief executive officer and chief administrative officer for Demoulas Supermarkets.
Robert Qutub, finance chief at MSCI, a publicly held provider of portfolio construction and risk management tools for investors, plans to retire, the company announced. His exit will come upon the earlier of mid-May and the appointment of his successor.