CFO departures at Office Max, Sizeler Property Investors and Vital Images
It's turning out to be a week of CFO departures, with the resignation of John Connors from Microsoft now followed by that of CFOs at Office Max, Sizeler Property Investors and Vital Images. Office Max, the US distributor of office products, announced the resignation of CFO Brian Anderson only two months after his tenure began. CEO Chris Milliken said: ?We are disappointed that Brian is leaving after only two months of service. We regret that his commitment to the company was not strong enough to allow him to make a long-term contribution.?
Office Max at the same time announced that it would delay the release of its fourth quarter and full year earnings for 2004, pending an internal investigation into its accounting for vendor income. Ted Crumley, the company's former CFO, will return on an interim basis while a replacement is found.
Meanwhile at Sizeler Property Investors Charles Miller has resigned after two years as CFO in order to pursue other business opportunities. The company immediately named 58 year old Guy Cheramie as Miller's replacement. Cheramie has spent the last 10 years as CFO of Sizeler Real Estate Management.