Apple’s iPod Chief to Step Down
Cupertino, Calif. Apple announced that Tony Fadell, an executive in charge of the company’s iPod division, is stepping down.
Fadell will be replaced by Mark Papermaster, a VP at IBM, who will join Apple as senior VP of devices, responsible for the company’s iPod and iPhone hardware-engineering teams. Fadell will remain at Apple as an adviser to CEO Steve Jobs. Fadell’s wife Danielle Lambert also plans to step down from her position as VP of human resources at the end of the year, after a successor is found.
New cfo named at Proctor & Gamble
CINCINNATI Jon Moeller, currently vp and treasurer of Proctor & Gamble, has been elected cfo, effective Jan. 1, 2009. Clayton Daley, Jr., vice chairman and cfo, will retire effective Sept. 16, 2009, after 35 years of service. He will step down as cfo on Jan. 1, 2009.
Moeller most recently served as treasurer of Proctor & Gamble where he established the capital structure, cash management and AA- credit rating that have put P&G in a strong financial position for the near and long term, the company reported.
Bacardi names new cfo
MIAMI Bacardi U.S.A. has named Michael Misiorski senior vp and cfo.
Misiorski joins Bacardi U.S.A. from Absolut Spirits Co. where he was vp of finance and cfo. While at Absolut, Misiorski led a number of departments including human resources and operations, and oversaw tax reporting, budgeting and a range of other responsibilities in addition to his financial role.