CFO Shuffle at Kelly, Resources Connection, Salesforce, Monster

Kelly Services announced that its executive vice president and chief financial officer of nearly 10 years, William Gerber, will retire at the end of the year. The company announced that it has entered into a retirement agreement with Gerber, who has plans to launch a private investment fund.

Following Gerber’s retirement, Michael Debs, currently the company’s senior vice president, will serve as interim CFO while the company looks internally and externally to fill the open position.

In addition, Resources Connection announced that its CFO, Stephen J. Giusto, who also served as executive vice president and secretary of the board, resigned from the company.

Anthony Cherbak, currently the company’s chief operating officer, will serve as interim CFO while the company searches for a permanent replacement.

The Irvine, California-based professional services firm has over 4,100 employees in more than 80 practice offices.

Robert W. Baird analyst Mark Marcon noted that the departure of the company’s CFO does not indicate problems. However, following the announcement, company shares fell 4%, the lowest level of the year.

Over at, the company’s CFO is moving on but not out. Steve Cakebread will transition to the role of president and chief strategy officer. The San Francisco-based customer-relationship management company says Graham Smith, a 20-year finance veteran of the software industry, will become executive vice president and CFO in the company’s first quarter of fiscal 2009.

Finally, in a filing with the Securities and Exchange Commission, Monster Worldwide disclosed that CFO of global operations Chris Power has resigned.

In March 2005, the company promoted Power, previously CFO of the Monster division, to the newly created position of CFO Global Operations.

Monster, which has seen a management upheaval recently, did not disclose Power’s reasons for leaving the company.

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Last month, Monster announced it would cut 800 jobs after reporting second-quarter profits fell 28%.

Monster’s Data Theft Probe Widens

In other Monster news, a security analyst at Symantec Corp. reported that a newly discovered data theft may be bigger than previously thought.

Symantec says a virus known as “Infostealer.Monstres” may have stolen more than 1.6 million records belonging to several hundred thousand people on, ComputerWorld reported.

According to the Symantec research, the attackers allegedly gather personal information from resumes posted to and then try to infect the computers of those candidates by sending targeted phishing mails.

A Monster spokesman told ComputerWorld that the company is investigating the reports and would terminate all “unusual access” to the website.

Elaine Rigoli has nearly 15 years of experience managing content and community for various B2B and consumer websites. Elaine has written thousands of business and technology articles and has been quoted in The Wall Street Journal and eWeek, among other publications.


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