May 14, 2015 |
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.
February 4, 2015 |
Joseph T. Steuer, 63, of Blue Bell, chief financial officer and treasurer of the Philadelphia Zoo, died Saturday, Jan. 31, of brain cancer at home. Mr. Steuer's 14 years with the zoo were a period of growth and change. The institution added exhibits and visitor amenities, renewed its focus on the health and welfare of its animals, advanced the mission of wildlife conservation, and expanded its educational services. At the same time, Mr. Steuer delivered "record financial results," said the zoo's CEO, Vikram Dewan.
September 10, 2014 |
Teva Pharmaceutical Industries Ltd. told the 14 employees at its Kutztown warehouse last month that the facility would close as part of a previously announced cost-cutting plan. On Monday, the drugmaker's chief financial officer said there were no new plans for major cutbacks. Facing pressure from investors and financial analysts, Teva said in 2012 that it would cut $1.5 billion to $2 billion in annual costs to help boost its profits and stock price. But investors have been anxious to see the results, and a disagreement between the board of directors and then-CEO Jeremy Levin on how to implement cuts led to Levin's departure.
June 13, 2014 |
The chief financial officer of Weavers Way has resigned amid allegations that he stole more than $25,000 from the Philadelphia food cooperative, its general manager has reported. Michael McGeary resigned effective April 18 after being confronted about using a business credit card for personal expenses, said general manager Glenn Bergman. Weavers Way reported the news in its June newsletter. Members were informed of the situation at a May meeting, the newsletter said. "We have reported the theft to the Philadelphia police and are pursuing prosecution through the District Attorney's Office," Bergman wrote in the newsletter.
October 25, 2013 |
A former executive of a Chester County gift company has been charged with embezzling more than $1.4 million from his employers and using the money for lavish purchases, including $48,000 on concert tickets and a reception with the Dave Matthews Band, the district attorney said Wednesday. Guido la Vella of Gilbertsville is accused of stealing from Taylor Gifts Inc., a direct-order company based in Tredyffrin Township, while he was the company's chief financial officer from October 2009 until May 2013.
April 27, 2013 |
Spring is in the air. Just look at all the new chief financial officers sprouting at area companies. Nutrisystem Inc. , the Fort Washington weight-loss company, hired Michael P. Monahan , who will join as of May 22. Monahan has been CFO of PetroChoice Holdings Inc. , a distributor of petroleum-based lubricants based in Bristol. Monahan, who will replace David Clark , had previously worked at Nutrisystem as its vice president of finance from 2006 to 2009. Safeguard Scientifics Inc. was also in need of a CFO, having promoted Stephen T. Zarrilli from that role to president and chief executive officer in November.
April 21, 2013
THE SELF-DESCRIBED "CFO" of the Philadelphia mob has pleaded guilty to racketeering and illegal gambling rather than face a retrial. Anthony "Ant" Staino had been convicted of two loan-sharking counts at a sweeping mob trial this year. But the jury acquitted him or deadlocked on most counts. The jury also deadlocked on the central racketeering charge against reputed mob boss Joseph "Uncle Joe" Ligambi and his nephew, George Borgesi, who will be retried. Staino, 55, of Swedesboro, N.J., entered his plea late Thursday.
April 20, 2013
Anthony "Ant" Staino, who once called himself "the CFO" of the Philadelphia mob during a conversation taped by the FBI, pleaded guilty Thursday to racketeering conspiracy and illegal gambling. His plea followed an hour-long hearing before U.S. District Judge Eduardo Robreno that seemed poised to collapse. Staino, 55, of Swedesboro, came to court without a plea agreement, and his lawyer and a prosecutor differed over which crimes he was admitting. The two sides ultimately agreed that their differences are issues to be argued and resolved at sentencing, which the judge scheduled for July 17. At a three-month trial that ended in February, Staino was convicted of two loan-sharking counts but acquitted of 24 other counts.
March 2, 2013 |
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.