September 5, 2017 – Chief financial officers continue to be in high demand. Finding them is keeping many of the nation’s top recruitment operations busier than ever. In one recent assignment, BridgeStreet Partners placed Tony Cossentino as CFO of J.W. Logistics. Dave Westberry, managing director of the search firm, led the search.
Mr. Cossentino brings a wealth of financial and logistics experience in private equity, corporate sponsored and publicly traded middle-market growth companies primarily in the manufacturing, distribution and third-party logistics industries. Previously, he was executive vice president and CFO of Transplace. Prior to that, he held similar roles at Environmental Logistics Services, Arnold Logistics and Americold Logistics.
“Mr. Cossentino also has comprehensive experience working with executive management to develop and implement business strategies that enable corporate objectives,” said Mr. Westberry. “He brings not only nearly a decade of logistics experience but also extensive global accounting, finance and business operations experience,” he said. “Tony will be a great asset to J.W. Logistics continued growth.”
J.W. Logistics is a provider of last mile transportation and logistics solutions supporting regional and national customers throughout the U.S. It offers a wide range of door-to-door distribution for clients of all sizes and needs. It also facilitates shipping locally, between cities, and internationally.
BridgeStreet Partners is a boutique search firm founded in 2007. It is made up of former practice leaders of A.T. Kearney Executive Search, and each managing director has more than 20 years of recruitment experience. The firm has locations in New York; Los Angeles; Palo Alto; Dallas and Austin and it has completed over 500 assignments across industry.
Mr. Westberry specializes in recruiting senior-level executives for companies in the technology, industrial, and service sectors ranging from start-ups to major multinationals. He also works closely with private equity firms and their portfolio companies to help recruit top talent. Additionally, he has recruited chairs and members of audit committees and financial experts for boards of directors.
Recruiters say the need for top-flight financial executives is growing, making CFOs more in demand than most C-suite leaders. That, of course, raises the question of what exactly CEOs are after as they work with recruiters to find their next CFO. The position generally serves as right-hand man to the chief executive, so the stakes are high.
In recent months, search firms of all shapes and sizes have placed CFOs at various companies. Here’s a look at just a few from the Hunt Scanlon Media archives:
TRANSEARCH International placed Jarrett Pugh as the CFO of Greenberry Industrial LLC. The search was led by consultants Mike Morrow and John Ryan. Mr. Pugh has held several positions in the Gulf Coast area, where he recently worked as the manager of finance and project accounting in the oil, gas, and chemical division of CDI Corporation.
TillmanCarlson recruited Terence R. Rogers as EVP and CFO at Roadrunner Transportation Systems. Founder Rob Tillman led the searches. Mr. Rogers previously served for four years as CFO for the Heico Companies, LLC, parent company for a diversified portfolio of more than 35 businesses.
Diversified Search placed Sean P. Roddy as CFO for Catholic Charities USA. Nalini Perkins, managing director of the recruiter’s non-profit practice, and Mark Mulvanerty, managing director of its financial officers practice, co-led the assignment. Most recently, Mr. Roddy was a consultant for accounting and financial consulting firm Cordia Partners.
ON Partners recruited Mike Berry as EVP and CFO of McAfee. Most recently, Mr. Berry served as EVP, CFO, and chief operating officer at FireEye, responsible for worldwide finance, accounting, data analytics, investor relations, facilities, procurement, information technology, manufacturing operations, and internal audit.
Acertitude placed Anubhav Raj as CFO of Aligned Energy. The search was led by Kevin O’Neill, founder and managing partner, supported by partner Geoffrey Votta. Mr. Raj will direct major financial planning initiatives, as well as identify new and refine pre-existing efficiencies to achieve Aligned Energy’s fiscal objectives.
Spencer Stuart recruited Richard J. Schmaeling as EVP and CFO of Entercom Communications Corp. Mr. Schmaeling brings deep media expertise and more than 30 years of finance and leadership experience to Entercom. Most recently, he served as chief financial officer at Travel Leaders Group.
AETHOS Consulting Group placed Douglas L. Ludwig as EVP, treasurer, and CFO of Red Lion Hotels Corporation. Managing director Ken Greger led the assignment. Mr. Ludwig most recently served as CFO of Baha Mar Resorts Limited for the past 10 years. Prior to his time at Baha Mar, he spent more than 20 years with Four Seasons Hotels, including 13 years as CFO.
The McAulay Smith Firm recruited Alexander Pease as executive vice president and CFO of Snyder’s-Lance, Inc. President Steven Smith led the assignment. Mr. Pease joins the company from McKinsey & Co., where he was a leader in the firm’s global corporate finance and business functions practice working with leading CFOs across a wide range of industries.
Contributed by Scott A. Scanlon, Editor-in-Chief; Dale M. Zupsansky, Managing Editor; Stephen Sawicki, Managing Editor; and Will Schatz, Managing Editor – Hunt Scanlon Media