$11 billion Nortel Networks Corp. has named Lisa Gressel as chief compliance officer, effective Jan. 1. She will replace Robert Bartzokas, who will be retiring. Gressel is currently vice president of ethics and compliance for the Toronto-based company. Also effective at the start of next year, Gordon Davies will become chief legal officer in addition […]
Jaclyn Jaeger
Jaclyn Jaeger is a freelance contributor to Compliance Week after working for the company for 15 years. She writes on a wide variety of topics, including ethics and compliance, risk management, legal, enforcement, technology, and more. Prior to joining CW, she spent four years as a legal reporter for Lawyer’s Weekly. Jaclyn attended undergraduate school at St. Joseph’s College of Maine and graduate school at Emerson College, earning degrees in journalism.
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Sara Lee Appoints New Corporate Controller
$13.2 billion Sara Lee has appointed Thomas Shilen Jr., as senior vice president and corporate controller. In this role, Shilen will lead all aspects of the food company’s corporate and international accounting, consolidation and financial reporting, as well as all accounting research, SEC reporting, and corporate strategy finance. Shilen most recently served as senior vice […]
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Terra Industries Hires New Controller
$2.3 billion Terra Industries, a producer of nitrogen products, has named Edward Dillon as vice president and controller. In this new role, he is responsible for all internal and external financial reporting, budgeting, analysis, and internal accounting controls. Prior to Terra, Dillon served as director of corporate finance at INVISTA, a subsidiary of Koch Industries, […]
Posted inBoards & Shareholders
ACC Swears in New Chair, Board Members
The Association of Corporate Counsel has sworn in Ivan Fong, chief legal officer and secretary of Cardinal Health, as the newly elected chair of ACC’s board of directors. Fong replaces former chair, Laura Stein, senior vice president & general counsel, The Clorox Company. Stein remains a member of the Board and will chair the 2009 […]
Posted inEthics & Culture
Lubrizol Corporation Taps Chief Ethics Officer
The Lubrizol Corporation, which makes additives for lubricants and fuels, has promoted Greg Lewis to the roles of corporate vice president, global risk management, and chief ethics officer. In this new role, Lewis will oversee loss prevention activities; the health, safety, environment, and security function; and corporate ethics for the company. Since June 2004, Lewis […]
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New Chief Accounting Officer at Dresser-Rand
$1.6 billion Dresser-Rand Group has elected Ray Carney to serve as vice president, controller, and chief accounting officer. He assumes the roles from Lonnie Arnett, who is retiring. Carney joined Dresser-Rand in August 2008 as corporate controller and has been working with Arnett to transition responsibilities. Carney most recently was with Alcoa, where he was […]
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UBS Taps New Chief Risk Officer
UBS Investment Bank, a subsidiary of $31 billion UBS AG, has appointed Philip Lofts as the new group chief risk officer, effective immediately. Lofts also will serve on the Group Executive Board, replacing Joseph Scoby who returns to his prior post as global head of Alternative and Quantitative Investments. Lofts, who has been with UBS […]
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Former Bear Stearns’ CRO Joins Federal Reserve Bank of NY
The former chief risk officer of Bear Stearns Cos., Michael Alix, has joined the Federal Reserve Bank of New York to serve as a senior adviser to William Rutledge in the Bank Supervision Group. Before the investment bank’s collapse in March, Alix served as chief risk officer at Bear Stearns from 2006 to 2008 and […]
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RAE Systems Appoints Chief Compliance Officer
RAE Systems has promoted Michael Ownby to vice president of finance and chief compliance officer of its China operations, based in Beijing. His new role went into effect Nov. 1. Ownby, who will continue to report directly to CFO Randy Gausman, joined RAE Systems in 2005 and most recently served as treasurer and corporate secretary. […]
Posted inRegulatory Enforcement
Case Studies: When the SEC Comes Knocking
It’s a narrative compliance executives hear all too often: A company becomes the center of a Securities and Exchange Commission probe. The stock price then tanks, the press goes on a feeding frenzy, and senior management is left to pick up the pieces. And that can be the outcome when the probe just ends without […]