CFO changes at Pfizer, RR Donnelly and Luminar
Pfizer, the New York-based medical company, has promoted Alan Levin to CFO, replacing David Shedlarz who becomes vice chairman of the company's new executive committee. Levin, who has been with Pfizer since 1987, will report to his predecessor whose responsibilities now include finance, global sourcing and information systems, and human resources. Glenn Richter, CFO of US retail company Sears, is to move to RR Donnelly, the commercial printing company based in Chicago. Richter will start his new job on April 1.
Mark Angelson, RR Donnelly's CEO, said: "This is an opportunistic hire for the company and we look forward to working with Glenn as we continue to execute upon our strategic objectives."
Kevin Smith, RR Donnelly's outgoing CFO, will stay in the post until March 31 and will finalize RR Donnelly's fourth quarter and full year 2004 results, which the company says are certain to meet or exceed its previously announced earnings guidance. In December the company predicted operating profit from continuing operations of 57 cents for the fourth quarter and $1.61 per share for the fiscal year.
Andrew Burns, finance director of Luminar, the UK's largest nightclub operator, has resigned after nearly eight years with the company.