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Chief Financial Officer

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BUSINESS
June 19, 2012 | Inquirer Staff Report
Pep Boys — Manny, Moe & Jack, the Philadelphia automotive parts retailer and repair chain, announced the resignation Monday of chief financial officer Ray Arthur, who is leaving June 29 "to pursue another business opportunity. " The news follows the company's aborted merger with Gores Group L.L.C., a proposed $793 million deal that was terminated in late May after the private equity firm complained about Pep Boys' financial performance. Pep Boys said it would launch a national search for Arthur's replacement.
BUSINESS
January 26, 2014 | By Harold Brubaker, Inquirer Staff Writer
Anthony P. DiSilvestro will succeed B. Craig Owens as chief financial officer of Campbell Soup Co. in May, the Camden company said Friday. Owens, 59, who has been Campbell's CFO and chief administrative officer since 2008, plans to retire May 1. DiSilvestro, 55, has been a financial executive at Campbell since 1996, most recently as senior vice president of finance. He is also the top financial officer for Campbell North America, the company's largest division. In addition to soup, Campbell manufactures and sells Pepperidge Farm breads, cookies and crackers; V8 and Bolthouse Farm juices, and Plum Organics baby foods.
NEWS
April 10, 2015 | BY JOHN F. MORRISON, Daily News Staff Writer morrisj@phillynews.com, 215-854-5573
JUSTIN GIANI had a head for figures. But along with his proficiency with numbers, Justin was a friendly, cheerful colleague with a contagious smile who charmed everyone who came in contact with him. Justin was the chief financial officer of Breaking Glass Pictures, a Philadelphia-based film distribution company. "Justin was more than an employee," the company said in a statement. "He was a master of numbers, a ball of energy, an even-keeled ray of light that brought smiles to all he crossed paths with, no matter the situation.
NEWS
February 24, 2012 | By David O'Reilly, Inquirer Staff Writer
The Roman Catholic Archdiocese of Philadelphia has named Timothy O'Shaughnessy as its chief financial officer to succeed Anita Guzzardi, who resigned last year amid allegations she had embezzled more than $900,000. O'Shaughnessy, 48, has been chief financial officer of St. Joseph's Preparatory School since 2008, and previously was a senior vice president at Aramark Corp., where he was controller for its business, sports, and entertainment group. Archbishop Charles J. Chaput said that O'Shaughnessy, a certified public accountant, had the skills "to create the controls and procedures to protect against loss" and to work in a "mission-driven organization" such as the archdiocese.
NEWS
July 16, 2003 | By Elisa Ung and Dwight Ott INQUIRER STAFF WRITERS
In his first exercise of powers granted under the state recovery plan, Camden's chief operating officer, Melvin R. "Randy" Primas Jr., told City Council yesterday that he would veto its appointment of a chief financial officer. The action intensified friction between state and city leaders, who are still smarting from a dispute about salaries. Council named City Treasurer Sheila Bayard the chief financial officer last week. But Primas said Camden already had a chief financial officer - David Miller - and that Council had no authority to replace him. Against the will of Council, administration officials have been trying to eliminate the position, which they maintain is unnecessary.
BUSINESS
January 19, 2014 | By Paul Nussbaum, Inquirer Staff Writer
Top Amtrak officials collect salaries of $200,000 or more, according to records made public in response to Freedom of Information Act requests by The Inquirer. Amtrak, the taxpayer-subsidized national railroad, routinely refuses to divulge officials' salaries when it announces their hiring. Amtrak received about $1.3 billion in public money last year, including about $400 million for operating costs. These are the salaries of some officials hired in recent months, Amtrak disclosed in response to the newspaper's freedom-of-information requests: Gerald Sokol Jr., chief financial officer, $300,000.
BUSINESS
May 17, 2016
Mike Kelly  has been appointed president of U.S. operations at the specialty pharmaceutical company  Adapt Pharma.  The Dublin, Ireland, company has its U.S. headquarters in Radnor. Adapt Pharma is the maker of the FDA-approved Narcan Nasal Spray, the first naloxone product, or opioid overdose reversal medication, that is made for and can be used by nonmedically trained professionals and laypeople like police and firefighters. He had been a board member and CEO of Covis Pharmaceuticals and a founding member of Azur Pharma.
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
May 23, 2011
Siemens Healthcare named Gregory Sorensen chief executive officer of Siemens Healthcare in the U.S.A., effective June 1. Sorensen succeeds Randy Hill, who was interim CEO. He will be based at the U.S. headquarters in Malvern. Sorensen currently is professor of radiology and health sciences and technology at Harvard Medical School; faculty member of the Harvard-MIT Division of Health Sciences and Technology; and co-director of the A.A. Martinos Center for Biomedical Imaging at Massachusetts General Hospital.
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ARTICLES BY DATE
BUSINESS
August 30, 2016
Securities trades recently reported to the Securities and Exchange Commission by officers, directors, and principal shareholders of corporations based or having sizable employment in the Philadelphia area. Titles are as reported to the SEC. American Water Works Co. Walter J. Lynch , chief operating officer, sold 16,514 shares at $76.00 to $76.43 Aug. 17 to Aug. 19, and now directly holds 84,875 shares. Mark F. Strauss , officer, sold 15,467 shares at $76.08 on Aug. 17, and now directly holds 31,794 shares.
NEWS
August 5, 2016 | By Aubrey Whelan, Staff Writer
By 2021, the Philadelphia School District will have a $600 million budget deficit, City Controller Alan Butkovitz said Wednesday - and he's asking Mayor Kenney to give his office more auditing authority over the district to "avoid fiscal calamity. " Under current rules, Butkovitz said, his office can review only the district's financial statements. He wants to be able to conduct performance reviews, and look more closely at how the district spends money and grants contracts. "We just need the authorization to cut through the red tape and inspect all of the pages in their books," the controller said in the statement.
NEWS
July 14, 2016
Temple University trustees unanimously approved a 2.8 percent increase in base tuition for undergraduate students at Tuesday's meeting. The board also approved eliminating upper-level tuition rates, which require upperclassmen to pay a higher rate than sophomores and freshmen. "After re-examining that policy, the board kind of pivoted and saw that as an obstacle for persistance and for kids to graduate in four years," said Ken Kaiser, Temple's chief financial officer. The board also approved an additional $250,000 to be spent studying the feasibility of a proposed football stadium on campus, bringing the total funding to $1.5 million.
BUSINESS
July 12, 2016
JAMS, a worldwide private provider of mediation and arbitration services, has named of Gregory P. Miller to its panel. Miller will be based in the JAMS Philadelphia Resolution Center and will serve as a mediator, arbitrator, and special master in a variety of disputes including Business/Commercial, Class Action/Mass Tort, Health Care, Insurance, and Securities. He had been a founding member of the Academy of Court Appointed Masters. Miller entered into private practice in 1984 after almost a decade of public service, first as an officer in the United States Navy, Judge Advocate General's Corp., and later as a federal prosecutor of the United States Attorney's Office in Philadelphia.
BUSINESS
June 14, 2016
Securities trades recently reported to the Securities and Exchange Commission by officers, directors, and principal shareholders of corporations based or having sizable employment in the Philadelphia area. Titles are as reported to the SEC. CSS Industries Inc. Elam M. Hitchner III , director, bought 1,000 shares at $26.91 to $27.10 on June 1, and now directly holds 1,000 shares. Rebecca C. Matthias , director, bought 8,721 shares at $26.98 on June 1, and now directly holds 46,721 shares.
BUSINESS
May 24, 2016
Securities trades recently reported to the Securities and Exchange Commission by officers, directors and principal shareholders of corporations based or having sizable employment in the Philadelphia area. Titles are as reported to the SEC. American Water Works Co. Deborah A. Degillio , officer and treasurer, sold 1,866 shares at $74.29 to $74.31 on May 17, and now directly holds 1,279 shares. Loyd Aldie Warnock , officer, sold 483 shares at $74.46 to $74.50 on May 10, and now directly holds 7,920 shares.
BUSINESS
May 17, 2016
Mike Kelly  has been appointed president of U.S. operations at the specialty pharmaceutical company  Adapt Pharma.  The Dublin, Ireland, company has its U.S. headquarters in Radnor. Adapt Pharma is the maker of the FDA-approved Narcan Nasal Spray, the first naloxone product, or opioid overdose reversal medication, that is made for and can be used by nonmedically trained professionals and laypeople like police and firefighters. He had been a board member and CEO of Covis Pharmaceuticals and a founding member of Azur Pharma.
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.
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