From the Archive

Image: Compliance Week has named Bill Coffin, an award-winning journalist with 22 years experience writing and editing, as its new editor-in-chief. “I am very excited to lead Compliance Week at such a pivotal time for this brand and the community it serves,” Coffin said. “I look forward to serving our growing audience and serving Compliance Week’s mission to provide actionable, timely, and insightful content to aid and inform the modern compliance officer.”

Image: A large part of success for compliance programs at hinges on the chief compliance officer’s ability to shepherd change through the organization. But let’s be honest: managing change is not something many big businesses do well. Partly that is because companies today try to achieve too much change too quickly, Compliance Week editor Matt Kelly writes; partly companies are not good at change management practices.

What did the President know and when did he know it? Former Senator Fred Thompson wrote those lines, when he was a staffer on the Senate Watergate Committee. His boss, Senator Howard Baker, then uttered them during the Watergate Hearings. Since that time, these two lines have been a mainstay of any scandal or corruption investigation because the cover-up is almost always perceived to be worse for the participants than the underlying crime.

Liberty Tax, a tax preparation company, has appointed James Wheaton to the newly created position of chief compliance officer.

Calgon Carbon has hired Chad Whalen as general counsel and secretary, effective as of Dec. 1. Whalen comes to Calgon Carbon from RTI International Metals, a global supplier of advanced titanium and specialty metals products and services, acquired by Alcoa earlier this year. There, he held the position of general counsel and senior vice president of government relations.

Until last week, the CFTC had never brought an insider-trading case for commodities trading. Indeed, the only example of insider commodities trading that most lawyers (or anyone else) could probably point to would be the ill-fated effort of the Duke brothers in the Eddie Murphy movie Trading Places. Four years after adopting Regulation 180.1, the CFTC has brought its first such case against a gasoline trader who allegedly was privy to, and traded upon, inside information regarding the intended trading of his employer.

TransferTo, a global mobile money hub, has appointed Paul de Ruiter as chief compliance officer. In this role, he will lead TransferTo’s global compliance function.

Evolution Petroleum, in independent petroleum company, has appointed Rod Schultz as chief accounting officer. He will also continue to serve in his current role as director of SEC reporting and taxation.

Gladstone Capital has appointed Nicole Schaltenbrand as chief accounting officer, effective Dec. 7. Prior to joining the Company, chaltenbrand served as a senior manager of SEC reporting and accounting policy at National Rural Utilities Cooperative Finance.

American International Group, a global insurance company, this week announced the formation of a new Executive Leadership Team, designed to execute AIG’s strategic priorities. In addition, the company has named Alessa Quane as chief risk officer, in addition to her role as chief corporate actuary.