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NEWS
September 22, 2010
Toll Bros. has named senior vice president Martin P. Connor its chief financial officer and treasurer, replacing Joel H. Rassman who died at age 65 Sept. 14 after a lengthy illness. Connor joined Toll in 2008.    - Alan J. Heavens
NEWS
September 7, 2010
A former CFO for a Florida-based company was sentenced today to more than four years in prison for trying to manipulate the price of his company's stock. Richard Margulies, 59, of Edison, N.J., had been an officer with Advatech Inc. of West Palm Beach, a biotechnology business. The original case involved five people and a case accusing them of paying kickbacks to a North Jersey stock promoter who arranged for brokers and other individuals to buy stock and "park" their holdings to artificially inflate the prices of the thinly traded shares.
NEWS
January 17, 2008 | By Jane M. Von Bergen, INQUIRER STAFF WRITER
Harry Yanowitz, the chief financial officer of The Pep Boys - Manny, Moe and Jack, will step down, the automotive parts store and service chain company said today. Pep Boys said Yanowitz will help find his own replacement, while finishing up work on the company's 2007 financial statements. Yanowitz plans to pursue other opportunities, the company said. Yanowitz, who is in his early 40s, has been chief financial officer since August, 2004, according to Pep Boys 2006 annual report, its most recent.
NEWS
March 23, 2016 | By Bonnie L. Cook, Staff Writer
James G. Stewart, 73, of Bryn Mawr, former chief financial officer of Cigna Corp., died Saturday, March 5, of cancer at home. Mr. Stewart joined Connecticut General Life Insurance Co. in 1966. Sixteen years later in 1982, Connecticut General merged with the Insurance Co. of North America to form Cigna. Mr. Stewart held a variety of positions in the reinsurance, group insurance, group pension, individual life insurance, and investment operations. The year after the merger, Mr. Stewart was elected executive vice president and corporate CFO, a role in which he was responsible for Cigna's overall financial management.
NEWS
November 21, 2012 | BY REGINA MEDINA, Daily News Staff Writer medinar@phillynews.com, 215-854-5985
MATTHEW E. Stanski, who was chief financial officer with Prince George's County, Md., schools until a payment scandal forced his removal in September, has been named the Philadelphia School District's new CFO, district sources have told the Daily News . District Superintendent William R. Hite Jr. worked with Stanski, 34, in Prince George's County after the Michigan State University graduate arrived in 2007 as director of fiscal compliance and...
NEWS
August 25, 2012 | By Joseph A. Slobodzian, INQUIRER STAFF WRITER
Anita Guzzardi's attorney described her on Friday as a gambling addict from a family of addicts, a woman whose spending binge was triggered by the emotional trauma and feelings of betrayal when the child sex-abuse scandal engulfed her church and her employer - the Archdiocese of Philadelphia. To Assistant District Attorney Lisa Caulfield, however, gambling was just one aspect of Guzzardi's crimes - she siphoned $906,000 over almost seven years, stealing 330 checks of varying amounts drawn on the church treasury.
BUSINESS
March 29, 2007 | By John Shiffman INQUIRER STAFF WRITER
The former chief financial officer of a Bucks County finance company was sentenced to 30 months in federal prison yesterday and ordered to pay $51 million in restitution. Steven Garfinkel of Philadelphia, who was CFO for the now-defunct DVI Inc., is the third person in the nation to be charged criminally under the Sarbanes-Oxley law, authorities said. That law is a post-Enron-era measure aimed at holding senior executives accountable for the accuracy of financial reports. Garfinkel, 64, pleaded guilty to directing DVI employees to falsify documents and double-list assets.
BUSINESS
April 10, 2016 | By Jane M. Von Bergen, Staff Writer
Momma may have said, "Never ask a lady about her age. " That goes double for Judith "Judee" von Seldeneck, chair and founder of Diversified Search L.L.C., one of the nation's largest executive search firms. In Philadelphia, some of the region's top executives - Vikram Dewan at the Philadelphia Zoo and former Tasty Baking CEO Charles Pizzi - got their jobs through Diversified, which von Seldeneck began in 1974. "I'm not going to tell you" my age, she said. "I've got a thing about that.
BUSINESS
March 2, 2013 | By Mike Armstrong, Inquirer Columnist
In the business world, chief executive officers soak up all the attention, especially when change is in the air. The announcement of new CEOs for CubeSmart of Wayne and Endo Health Solutions Inc. of Malvern within the last week were significant for each company. Endo shares rose 8 percent the day it announced it had hired Rajiv De Silva from outside the drug company and investors anticipated big changes would be made. Meanwhile, CubeSmart shares slid 2 percent as the long-telegraphed transition to a successor chosen from inside its ranks seemed to signal that the self-storage company would stay the course.
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NEWS
May 13, 2016 | By Chris Palmer, Staff Writer
The former chief financial officer of Visit Philadelphia, a taxpayer-funded tourism agency, pleaded guilty Wednesday to embezzling more than $200,000 from the organization over nearly seven years and using the proceeds for personal expenses including high-end restaurant meals, skin care, and furs. Joyce Levitt, 61, will be placed on three years' probation after pleading guilty to theft, receiving stolen property, and fraud, court records show. Dozens of forgery charges were dismissed as part of the plea, according to the records.
BUSINESS
May 11, 2016 | By Jacob Adelman, STAFF WRITER
George J. Alburger Jr. is stepping down from his position as executive vice president and chief financial officer of Liberty Property Trust, the Malvern-based real-estate development company said in a release on Monday. Alburger will be replaced by Christopher J. Papa, who serves in that position at Post Properties Inc. of Atlanta, effective June 1, Liberty said. Alburger has served as Liberty's CFO since 1995 and will remain with the company in an advisory capacity and to assist with the transition until the end of the year, according to the release.
BUSINESS
April 10, 2016 | By Bob Fernandez, Staff Writer
Comcast's new chief financial officer, Mike Cavanagh, knocked it out of the ballpark with compensation in 2015 of $40.6 million. He officially began his job as CFO on July 1. A former New York banking executive, Cavanagh earned more than Comcast chief executive Brian Roberts, who was compensated $36.2 million, and NBCUniversal CEO Steve Burke, with $33.7 million, according to the cable giant's regulatory filing, made Friday. Based on its national rankings, Bloomberg News said Cavanagh was the best-paid chief financial officer in the United States.
BUSINESS
April 10, 2016 | By Jane M. Von Bergen, Staff Writer
Momma may have said, "Never ask a lady about her age. " That goes double for Judith "Judee" von Seldeneck, chair and founder of Diversified Search L.L.C., one of the nation's largest executive search firms. In Philadelphia, some of the region's top executives - Vikram Dewan at the Philadelphia Zoo and former Tasty Baking CEO Charles Pizzi - got their jobs through Diversified, which von Seldeneck began in 1974. "I'm not going to tell you" my age, she said. "I've got a thing about that.
NEWS
March 23, 2016 | By Bonnie L. Cook, Staff Writer
James G. Stewart, 73, of Bryn Mawr, former chief financial officer of Cigna Corp., died Saturday, March 5, of cancer at home. Mr. Stewart joined Connecticut General Life Insurance Co. in 1966. Sixteen years later in 1982, Connecticut General merged with the Insurance Co. of North America to form Cigna. Mr. Stewart held a variety of positions in the reinsurance, group insurance, group pension, individual life insurance, and investment operations. The year after the merger, Mr. Stewart was elected executive vice president and corporate CFO, a role in which he was responsible for Cigna's overall financial management.
NEWS
March 17, 2016 | By Dana DiFilippo, Staff Writer
Lax oversight by the city and negligence by the head of taxpayer-supported Visit Philadelphia enabled the nonprofit tourism agency's chief financial officer to embezzle $200,000 over nearly seven years, according to an investigative grand jury report released Wednesday. Joyce Levitt, 61, who worked for Visit Philadelphia from 2003 through 2012, including seven years as CFO, turned herself in Wednesday to face charges of theft, forgery, and fraud, Philadelphia District Attorney Seth Williams said.
NEWS
January 29, 2016 | By Martha Woodall, Staff Writer
Bruce W. Koch, 60, the chief financial officer at Starr Restaurants, died Tuesday, Jan. 26, at Einstein Medical Center after suffering a massive stroke Saturday morning at his home in East Mount Airy. In addition to overseeing the finances of Stephen Starr's extensive restaurant empire, Mr. Koch found the time to play bass in two local bands. "Bruce was a delightful guy - warm and generous and a great musician who had a passion for music," said David Thornburgh, president and CEO of the Committee of Seventy.
BUSINESS
September 1, 2015 | By Bob Fernandez, Inquirer Staff Writer
Mike Cavanagh, one of the nation's top banking executives at JPMorgan Chase and now Comcast Corp.'s new chief financial officer, says the Philadelphia company's biggest "enemy" is complacency, hoping that consumer trends won't change and that Comcast remains the big cable company. Comcast's destiny is "in our hands," Cavanagh said at the Comcast Center last week. He added, "All businesses have to modify their game to be relevant to millennials. " A protege of the legendary banker Jamie Dimon at JPMorgan, Cavanagh joined Comcast in May after Comcast lost its publicly deflating regulatory battle for Time Warner Cable Inc. He replaces the transformative CFO Michael Angelakis, who negotiated the successful deal for NBCUniversal and the abandoned takeover of Time Warner Cable.
NEWS
August 12, 2015 | By Angelo Fichera, Inquirer Staff Writer
A white Paulsboro municipal employee is suing several minority elected officials for what she describes as a racially charged attempt to oust her. The shake-up surrounding borough administrator LeeAnn Ruggeri's employment became public earlier this year, when she was removed from her role as interim chief financial officer after she did not complete the necessary classes to earn the certification required to remain in the post permanently. The borough's 2014 audit found that the interim CFO - who at the time was Ruggeri - did not properly maintain the general ledger, failed to reconcile bank accounts, and overspent accounts.
NEWS
May 14, 2015 | BY REGINA MEDINA, Daily News Staff Writer medinar@phillynews.com, 215-854-5985
MATT STANSKI, the school district's chief financial officer since late 2012, will leave his post at the end of June, the district confirmed last night. Stanski, 37, yesterday accepted the position of supervisor for management, budget and planning for the Montgomery County Public Schools in Maryland, the district said in a statement. "I appreciate Matthew Stanski's service to the School District of Philadelphia over the last three years amid extremely challenging fiscal conditions," Superintendent William Hite said in the statement.
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