NCR Corporation (NCR) has declared that its Chief Financial Officer (CFO) Anthony Massetti will resign on October 23, the day after the company’s third-quarter earnings release. Massetti will take up a new assignment with telecommunications major Avaya Inc. Robert Fishman, corporate controller, will take the responsibility as interim CFO until NCR finds a replacement for the CFO position. During May 2007 to January 2008, Fishman had been interim CFO at NCR and joined the company way back in 1993. He looked after the finance function of the company at various positions. This recent news had a negative impact on the share price of the company, which took a hit on Thursday, a day after NCR announced the news. NCR’s last closing price on Oct. 8th was $11.82, down around 12.5% from the previous day's close. NCR is moving its corporate headquarters to Georgia from Ohio, cutting ...

Physicians Formula Holdings (FACE) has received a NASDAQ Staff Deficiency Letter from The NASDAQ Stock Market indicating that the company no longer complies with NASDAQ's independent director requirement for continued listing due to the resignation of Jeff Berry from the Board of Directors. Effective May 29th, Joseph Jaeger resigned as the Chief Financial Officer of Physicians Formula Holdings. The company cited family reasons for Jaeger’s departure. Jeff Berry replaced Jaeger as the interim CFO. Jeff Berry was the Treasurer and head of strategy and business development for Del Monte Foods (DLM) until June of 2008, when he resigned to work as an advisor to private equity firms in the food and personal care industries. Mr. Berry had been a member of the Board of Directors of Physicians Formula since October of 2007, a member of the Audit Committee, and also the Chair of the Compensation ...