CEO / CFO / Director Resignations & Appointments | Jan 21, 2022

by | Jan 21, 2022

Every week we bring you the latest CEO, CFO, and director resignations and appointments across US public companies.

Moves in this Issue

CEO: CCRN, CIR, DRTT, ISSC, IVAC, PRDO, PSB, WSR, XSPA, ZYME
CFO: ALGM, AUTO, CCSI, CXM, EOSE, FSNB, HHC, INTC, MU, SRG, STAG
Directors: AAL, ANNX, AUR, BAND, CCRN, CMC, CTO, DCT, DD, DRTT, EAT, EBS, FEMY, FIBK, FN, FVIV, HBNC, HON, IFF, IMRX, INDT, ISSC, IVAC, KELYA, KOR, KRYS, KYMR, LIDR, LWLG, MCBS, MCK, MOV, MSI, MVBF, NEO, NVVE, POW, PRDO, RM, RVLV, SKIN, SLDP, SMID, SMPL, SRNA, SYNH, TLS, TRMB, VRNS, XSPA, XXII, ZUO, ZYME

CEO Moves

Circor International Inc (CIR)
Leaving: CEO – Scott A Buckhout ( 8.8 yrs; -5.4% TSR)
Replaced by: Tony S Najjar

Mr. Najjar has served as President, Aerospace and Defense Group since February 2018. Before assuming his current role, he served as Vice President, Aerospace and Defense in the Advance Flow Solutions Group from October 2016 to February 2018 and Vice President, Sales & Marketing, Aerospace and Defense Group, from April 2015 to October 2016. Before joining CIRCOR, Mr. Najjar served as Programs Manag…read full bio


Dirtt Environmental Solutions Ltd (DRTT)
Leaving: CEO – Kevin P Omeara ( 3.3 yrs; -29.8% TSR)
Replaced by: Todd W Lillibridge

Todd W. Lillibridge President and CEO of TWL Enterprises LLC Age: 65 Illinois, USA Director Since: August 2017 Independent Mr. Lillibridge has served as a member of the Board since August 2017. Mr. Lillibridge has served as the President and Chief Executive Officer of TWL Enterprises LLC, a consulting firm focusing on healthcare real estate, since 2019. Mr. Lillibridge also served as the Special A…read full bio

Innovative Solutions & Support Inc (ISSC)
Leaving: CEO – Geoffrey S M Hedrick ( 13.3 yrs; 4.6% TSR)
Replaced by: Shahram Askarpour

Shahram Askarpour joined IS&S in 2003 as Vice President of Engineering. In March 2012 he was promoted to President. Since 2003, he has been a key contributor to the company’s leadership, strategy and technology.  Dr. Askarpour has more than 40 years of aerospace industry experience in increasingly responsible technical and managerial positions. Prior to joining IS&S, he was employed by Smiths Aerospace (a division of Smiths Group PLC), Instrumentation Technology and Marconi Avionics. He holds a number of key patents in the aviation field. Dr. Askarpour was awarded an undergraduate degree in Electrical Engineering from Middlesex University in the United Kingdom, a post graduate Certificate in Systems Engineering and a PhD in Automatic Control from Brunel University London. He was an Associate Research Fellow for three years at Brunel and has published numerous papers in leading international peer reviewed journals. He has also completed management courses at Carnegie Mellon University and finance courses at the Wharton School.


Intevac Inc (IVAC)
Leaving: CEO – Wendell Thomas Blonigan ( 8.5 yrs; .4% TSR)
Replaced by: Nigel Hunton

Mr. Hunton, age 61, most recently served as President and Chief Executive Officer at Photon Control Inc., a fiber optics equipment manufacturing company, from May 2019 to July 2021. Prior to that, Mr. Hunton served as President and Chief Executive Officer at Ferrotec (USA) Corporation, an electronics component manufacturing company, from July 2017 to May 2019. From April 2017 to July …read full bio

PERDOCEO EDUCATION Corp (PRDO)
Leaving: CEO – Todd S Nelson ( 6.4 yrs; 21.6% TSR)
Replaced by: Andrew Hurst

Andrew H. Hurst joined the Company in April 2014 as President of Colorado Technical University, and also became the Company’s Senior Vice President–Colorado Technical University in October 2015. Prior to joining the Company, Mr. Hurst held various positions at Education Management Corporation ( “EDMC” ), where he most recently served as Vice Chancellor for Online and Strategic Operations for Sout…read full bio

Ps Business Parks Inc (PSB)
Leaving: CEO – Dan M Chandler III ( .6 yrs; 32.1% TSR)
Replaced by: Stephen W Wilson

Stephen W. Wilson Retired Executive Vice President–Development of AvalonBay Communities, Inc Mr. Wilson has been a director of PS Business Parks since July 2019. Mr. Wilson was Executive Vice President–Development of AvalonBay Communities, Inc. (NYSE:AVB), a real estate investment trust that develops, redevelops, acquires, and manages multifamily communities in the United States. Mr. Wilson held…read full bio

Whitestone REIT (WSR)
Leaving: CEO – James C Mastandrea ( 15.3 yrs; 7.2% TSR)**
Replaced by: David K Holeman

Mr. Holeman served as Chief Financial Officer of the Company from 2006 to 2022. Mr. Holeman was the Chief Financial Officer of the Company’s former management company. Prior to joining the Company, Mr. Holeman served as Vice President and Chief Financial Officer of Gexa Energy, a NASDAQ-listed retail electricity provider from 2004 to 2006, and, before then, as Controller and Chief Financial Office…read full bio

** Note: James Mastandrea was terminated by the board. From the press release:

“The Board’s decision to terminate Mr. Mastandrea’s employment is consistent with the highest standards of corporate governance,” said David Taylor, Chairman. “Whitestone’s financial and operational results underscore the strength and momentum of the business, and the termination of Mr. Mastandrea should not and will not detract from the excellent work of our employees or the superior returns we are committed to delivering for investors.”

XpresSpa Group Inc (XSPA)
Leaving: CEO – Doug Satzman ( 2.9 yrs; -44.8% TSR)
Replaced by: Scott R Milford

Mr. Milford, 57, has served as the Company’s Chief Operating Officer since December 2020. Prior to that he had served as the Company’s Chief People Officer from July 2019 to December 2020. Before joining the Company, he served as VP, People Operations of SoulCycle from January to July 2019. Prior to that, he served as Chief People Officer for Bayada Home Health during 2018. Previous…read full bio

Zymeworks Inc (ZYME)
Leaving: CEO – Ali Tehrani ( 18.3 yrs; 3.2% TSR)
Replaced by: Kenneth Galbraith

Mr. Galbraith is a Managing Director at Five Corners Capital, Inc., which he founded in 2013, and has served as Executive in Residence at Syncona Limited since April 2021. He served as Chief Executive Officer of Liminal BioSciences Inc. (formerly Prometic Life Sciences Inc.), a publicly held company, from April 2019 to November 2020, continuing as an advisor to that company from November 2…read full bio


CFO Moves

Hain Celestial Group Inc (HAIN)
Leaving: CFO – Javier H Idrovo ( 2.2 yrs; 26.4% TSR)
Replaced by: Chris Bellairs

Mr. Bellairs, age 61, served as Chief Financial Officer of Stone Brewing, a California-based craft brewery with nationwide and international distribution, from September 2018 to September 2020 with responsibility for the company’s financial organization. Prior to that he was an independent dairy consultant from October 2017 to August 2018. Prior to that he served as Executive Vice Pr…read full bio

Nlight Inc (LASR)
Leaving: CFO – Ran Bareket ( 4.2 yrs; -2.0% TSR)
Replaced by: Joseph CorsoSince joining the Company in August 2020, Mr. Corso, 41, has served as the company’s Vice President of Corporate Development and Investor Relations, and he will continue in these roles through February 28, 2022. Prior to joining the Company, Mr. Corso served in various roles at Stifel Financial Corp., a full-service investment banking and global wealth management firm, from July 2010 to Augus…read full bio
PGT Innovations Inc (PGTI)
Leaving: CFO – Bradley R West ( .9 yrs; -.3% TSR)
Replaced by: John E Kunz

Prior to joining PGT Innovations, Mr. Kunz, age 57, served as Senior Vice President and Chief Financial Officer for U.S. Concrete, Inc., a formerly NASDAQ-listed concrete and aggregates products producer with total consolidated revenues of approximately $1.5 billion serving the construction industry from 2017 to 2021. Prior to that role, Mr. Kunz held various roles in finance, taxation and trea…read full bio

Whitestone REIT (WSR)
Leaving: CFO – David K Holeman ( 15.2 yrs; 7.2% TSR)
Replaced by: Scott D Hogan

Scott Hogan, who previously served as Vice President, Controller of Whitestone, has been appointed Chief Financial Officer. Mr. Hogan joined the Company in 2008, having previously served as Controller at Gexa Energy and as the SEC Reporting Manager at Stewart & Stevenson.


Director Joins

22nd Century Group Inc (XXII)
James A Mish

Mr. Mish, age 56, has served as Chief Executive Officer of Noramco, a global leader in the production of controlled substances for the pharmaceutical industry, from 2016, and Purisys, a synthetic cannabinoid API, ingredients and solutions provider to pharmaceutical and consumer products companies fr…read full bio

AEye Inc (LIDR)
Sue Zeifman

Zeifman has spent her career managing global marketing and multi-layered programs for storied consumer and tech brands. Most recently, she spent nine years as Apple’s head of Global Marketing Production, where she was responsible for a global team of more than 400 staff and agenc…read full bio

American Airlines Group Inc (AAL)
Gregory D Smith

Gregory D Smith retired from The Boeing Company in July 2021 after a more than 30-year career. He most recently served as Executive Vice President and Chief Financial Officer, with responsibility for the company’s Enterprise Operations, Finance, Strategy and Shared Services organizations. He …read full bio

Annexon Inc (ANNX)
Bettina M Cockroft

Dr. Cockroft joins the Annexon board of directors with nearly 20 years of experience in senior management roles in the biopharmaceutical industry and has worked across multiple therapeutic areas and led programs in several countries. Dr. Cockroft has served as senior vice president and …read full bio

Bandwidth Inc (BAND)
Rebecca Bottorff

Rebecca Bottorff has served as Chief People Officer of Bandwidth since 2010. As Chief People Officer, Ms. Bottorff leads our People Services team and helps shape Bandwidth’s corporate culture. Prior to joining Bandwidth, Ms. Bottorff served as President of Venture Savvy Consulting Group, an executiv…read full bio

Beauty Health Co (SKIN)
Andrew Stanleick

Mr. Stanleick has served in various capacities at Coty Inc. (NYSE:COTY) since August 2017, including serving as its Executive Vice President, Americas and Chief Executive Officer of Kylie Jenner Beauty since March 2020. From June 2018 to May 2020, Mr. Stanleick served as COTY’s Senior Vice President…read full bio

COMMERCIAL METALS Co (CMC)
John R McPherson

Mr. McPherson served as Executive Vice President and Chief Financial & Strategy Officer of Vulcan Materials Company, Inc. (“Vulcan Materials”), a publicly traded company principally engaged in the production, distribution and sale of construction materials and industrial and specialty chemicals, fro…read full bio

Fabrinet (FN)
Darlene S KnightMs. Knight has significant operational and P&L experience with multi-national manufacturing businesses, primarily in the automotive sector, where she has held strategic and operations roles. Ms. Knight most recently served as Vice President, Americas of Adient plc, a global leader in the au…read full bio

Femasys Inc (FEMY)
Wendy Perrow

Ms. Perrow serves as a Senior Advisor at Princeton Capital Advisors, a global independent advisory firm, and she is a member of the board of advisors for the Maryland Momentum Fund. Previously, she served as Chief Executive Officer and Board Member of AsclepiX Therapeutics, Inc. from 2016 to 2020. S…read full bio

Fortress Value Acquisition Corp IV (FVIV)
Teddy B Bartley

Mr. Bartley has served as the President and Managing Member of NRJ Holdings since September 2010. Mr. Bartley also recently served as the Chief Executive Officer, President and Managing Member of NRJ TV LLC, which owns and operates television stations, from December 2010 through Decembe…read full bio

Horizon Bancorp Inc (HBNC)
Vanessa Peterson WilliamsPrior to joining Kelly Services in 2020, Williams was Senior Vice President, Division General Counsel with IHS Markit, Ltd. (NYSE: INFO). She joined IHS Markit in 2014 through its acquisition of R.L. Polk & Co., where she served in a variety of roles; including Deputy General Counsel,…read full bio

International Flavors & Fragrances Inc (IFF)
Frank Clyburn

Mr. Clyburn, 57, has served in various positions at Merck & Co., Inc. since 2008. Most recently, Mr. Clyburn served as the Executive Vice President and President, Human Health at Merck and a member of Merck’s Executive Committee, where he was responsible for all operations and profits and loss acros…read full bio

Intevac Inc (IVAC)
Nigel Hunton

Mr. Hunton, age 61, most recently served as President and Chief Executive Officer at Photon Control Inc., a fiber optics equipment manufacturing company, from May 2019 to July 2021. Prior to that, Mr. Hunton served as President and Chief Executive Officer at Ferrotec (USA) Corporation, an electronic…read full bio

Lightwave Logic Inc (LWLG)
Craig Ciesla

Dr. Ciesla is currently the Vice President, Head of the Advanced Platforms and Devices Group at Illumina, a leading provider of DNA sequencing and array technologies. There he leads a team driving innovation in sequencing platforms, microfluidics, electronics, and nanofabrication. He has held thi…read full bio

Mvb Financial Corp (MVBF)
Daniel W Holt

Mr. Holt will serve as a member of the Finance Committee and Governance Committee of MVB, and also as a member of the Board of Directors of its subsidiary, MVB Bank, Inc. (the “Bank”) and its Information Technology Steering Committee. Mr. Holt is Co-Founder and CEO of BillGO, Inc. (“BillGO”) a bill …read full bio

PERDOCEO EDUCATION Corp (PRDO)
Andrew Hurst

Andrew H. Hurst joined the Company in April 2014 as President of Colorado Technical University, and became Senior Vice President–Colorado Technical University in October 2015. Prior to joining the Company, Mr. Hurst held various positions at Education Management Corporation ( “EDMC” ), where he mos…read full bio

Powered Brands (POW)
Neela Montgomery

Ms. Montgomery will serve in the class of directors whose term expires at the Company’s second general annual meeting of shareholders. The Board has determined that Ms. Montgomery is an independent director under applicable Securities and Exchange Commission and the Nasdaq Stock Market LLC rules. In…read full bio

Regional Management Corp (RM)
Philip V Bancroft

Mr. Bancroft will be eligible to receive compensation for his service as a non-employee director consistent with that of the Company’s other non-employee directors (pro-rated for a partial year of service). The Board has determined that Mr. Bancroft is an independent director under applicable Securi…read full bio

Solid Power Inc (SLDP)
Lesa B Roe

Ms. Roe brings to the Solid Power board more than 35 years of executive leadership and engineering experience, including in the matters of strategy, corporate management and budget oversight. Until December 2021, Ms. Roe served as the Chief Executive Officer and Chancellor of the University of No…read full bio

Surna Inc (SRNA)
Troy Reisner

Troy Reisner and Marion Mariathasan as directors, to take effect immediately. Troy Reisner, 55, is the CFO of Keystone Tower Systems, Inc., a technology innovation and manufacturing company that is disrupting the commercial wind tower industry by bringing automated manufacturing technology that will…read full bio

Varonis Systems Inc (VRNS)
Carlos Aued

Mr. Aued served as Leader of Systems Architect/Systems Engineers in a number of verticals, including healthcare, retail, financial, education and public sector over the last 25 years at Cisco Systems, Inc. Prior to that, Mr. Aued held pre-sales technology leadership positions with a number of com…read full bio

Varonis Systems Inc (VRNS)
Avrohom J Kess

Mr. Kess has been Vice Chairman and Chief Legal Officer of The Travelers Companies, Inc. since December 2016. Prior to that, Mr. Kess was a partner, member of the Corporate Department and Head of the Public Company Advisory Practice at the law firm of Simpson Thacher & Bartlett LLP, which he joined …read full bio

XpresSpa Group Inc (XSPA)
Scott R Milford

Scott Milford Mr. Milford was named our Chief Operating Officer in December 2020. Mr. Milford has over 30 years of experience at high profile and diverse organizations. Prior to joining XpresSpa as its first Chief People Officer in July 2019, he served as VP, People Operations at SoulCycle from Janu…read full bio

Zuora Inc (ZUO)
Laura Clayton McDonnellMs. Clayton McDonnell has served as Senior Vice President, Sales – East, Canada and Latin America at ServiceNow, Inc. since January 2021 and previously served as Vice President, Enterprise Sales – East Region from January 2019 to January 2021. From July 2017 to December 2018, she served as a Vi…read full bio

Zymeworks Inc (ZYME)
Kenneth Galbraith

Mr. Galbraith is a Managing Director at Five Corners Capital, Inc., which he founded in 2013, and has served as Executive in Residence at Syncona Limited since April 2021. He served as Chief Executive Officer of Liminal BioSciences Inc. (formerly Prometic Life Sciences Inc.), a publicly held…read full bio


Director Exits

Brinker International Inc (EAT)
Alexandre Macedo ( 1.5 yrs; 23.9% TSR)
Committees: Audit, Compensation

Corvus Gold Inc (KOR)
Anton J Drescher ( 11.4 yrs; 11.0% TSR)
Committees: Audit, Compensation

Corvus Gold Inc (KOR)
Steven K Aaker ( 11.4 yrs; 11.0% TSR)
Committees: Compensation, Nominating (and Governance), Sustainable Development

Corvus Gold Inc (KOR)
Rowland Perkins ( 11.4 yrs; 11.0% TSR)
Committees: Audit, Compensation, Nominating (and Governance)

Corvus Gold Inc (KOR)
Jeffrey A Pontius ( 11.4 yrs; 11.0% TSR)
Committees: Nominating (and Governance), Sustainable Development

Corvus Gold Inc (KOR)
Ronald W Largent ( 2.8 yrs; 26.6% TSR)
Committees: Compensation, Nominating (and Governance)

Corvus Gold Inc (KOR)
Ed Yarrow ( 11.4 yrs; 11.0% TSR)
Committees: Audit, Nominating (and Governance), Sustainable Development

Corvus Gold Inc (KOR)
Peggy Wu ( 1.2 yrs; 19.3% TSR)
Committees: Sustainable Development

Dirtt Environmental Solutions Ltd (DRTT)
Kevin P Omeara ( 3.3 yrs; -29.8% TSR)

Duck Creek Technologies Inc (DCT)
Charles E Moran ( 5.2 yrs; -21.5% TSR)
Committees: Compensation, Nominating (and Governance)

DuPont de Nemours Inc (DD)
Frank Clyburn ( 2.6 yrs; -4.3% TSR)
Committees: Nominating (and Governance), People and Compensation

Emergent BioSolutions Inc (EBS)
Fuad El-Hibri ( 18.3 yrs; 10.5% TSR)
Committees: Strategic Operations

Femasys Inc (FEMY)
William Benson Witte ( .6 yrs; -81.2% TSR)

First Interstate Bancsystem Inc (FIBK)
James R Scott ( 51.0 yrs; 11.9% TSR)
Committees: Compensation, Executive, Nominating (and Governance), Risk, Technology

Indus Realty Trust Inc (INDT)
Ardevan Yaghoubi ( 1.4 yrs; 36.1% TSR)

Innovative Solutions & Support Inc (ISSC)
Geoffrey S M Hedrick ( 25.0 yrs; 2.0% TSR)

Intevac Inc (IVAC)
Wendell Thomas Blonigan ( 8.5 yrs; .4% TSR)

Krystal Biotech Inc (KRYS)
Jing L Marantz ( 1.0 yrs; 13.4% TSR)
Committees: Commercial Advisory

Lightwave Logic Inc (LWLG)
Joseph A Miller ( 10.7 yrs; 25.6% TSR)
Committees: Audit

Neogenomics Inc (NEO)
Kevin C Johnson ( 12.0 yrs; 28.0% TSR)
Committees: Compliance, Culture and Compensation, Nominating (and Governance)

Revolve Group Inc (RVLV)
Hadley Mullin ( 10.0 yrs; 14.1% TSR)
Committees: Audit, Compensation

Simply Good Foods Co (SMPL)
James E Healey ( 4.5 yrs; 30.6% TSR)
Committees: Audit

Smith Midland Corp (SMID)
Rodney I Smith ( 17.8% TSR)

Telos Corp (TLS)
Bernard C Bailey ( 15.6 yrs; -22.9% TSR)

XpresSpa Group Inc (XSPA)
Doug Satzman ( 2.9 yrs; -44.8% TSR)

Zymeworks Inc (ZYME)
Ali Tehrani ( 18.3 yrs; 3.2% TSR)

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