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Business, Finance, Occupation & Industry

Atmel Switches CFOs

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By Rich Smith, The Motley Fool

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San Jose, Calif.-based Atmel is switching CFOs.

On Tuesday, the semiconductor maker announced that Chief Financial Officer Stephen Cumming has decided to resign from the company. Taking his place on an interim basis — while the company searches for a permanent replacement — will be Atmel Senior Vice President of Corporate Strategy and Development Steve Skaggs.

Skaggs, says Atmel Chief Executive Officer Steven Laub, has in fact worked as both a semiconductor company CFO and as a CEO in the past and so should have little trouble stepping into the role of interim CFO for as long as he’s needed. Meanwhile, Cumming will stay on at the company a short while longer “to facilitate the transition.”

Atmel offered no explanation for Cumming’s departure, by the way, saying only that the move “is not related to any disputes with the company or any issues regarding the integrity of the company’s financial statements or accounting policies and practices.” Regardless, investors seem a bit shaken up. After losing 1.5% of its market cap in Tuesday trading, the stock sank another 3% after-hours, after Cumming’s departure was announced.

The article Atmel Switches CFOs originally appeared on Fool.com.

Fool contributor Rich Smith and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don’t all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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Business, Finance, Occupation & Industry

Coeur Announces Nomination of Randolph E. Gress to Board of Directors

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By Business Wirevia The Motley Fool

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Coeur Announces Nomination of Randolph E. Gress to Board of Directors

COEUR D’ALENE, Idaho–(BUSINESS WIRE)– Coeur d’Alene Mines Corporation (the “Company” or “Coeur”) (NYS: CDE) (TSX: CDM) today announced that Randolph E. Gress has been nominated for election to the Board of Directors at the Company’s 2013 annual meeting of shareholders to be held May 14, 2013. Upon his election, Mr. Gress is expected to be appointed to the Audit Committee and the Nominating and Corporate Governance Committee.

Mr. Gress, an experienced industrial CEO with a wide range of international exposure, brings over 34 years of experience to Coeur’s Board. Mr. Gress is Chairman, Chief Executive Officer, and Director of Innophos Holdings, Inc., a leading international producer of performance-critical and nutritional specialty ingredients for the food, beverage, dietary supplements, pharmaceutical and industrial end markets. Mr. Gress has been with Innophos since its formation in 2004 when Bain Capital purchased Rhodia SA’s North American specialty phosphate business. Prior to his time at Innophos, Mr. Gress was with Rhodia since 1997 and held various positions including Global President of Specialty Phosphates (with two years based in the U.K.) and Vice-President and General Manager of the NA Sulfuric Acid and Regeneration businesses. From 1982 to 1997, Mr. Gress served in various roles at FMC Corporation including Corporate Strategy and various manufacturing, marketing, and supply chain positions. Mr. Gress has a B.S.E. in Chemical Engineering from Princeton University and an M.B.A. from Harvard Business School.

“We are pleased to have Randy join Coeur’s Board of Directors,” said Robert E. Mellor, Coeur’s Chairman of the Board. “Mr. Gress brings significant corporate leadership experience, having guided his company through the challenges of private equity ownership and an IPO. He has led Innophos Holdings, Inc. as a public company since its IPO in 2006.”

About Coeur

Coeur d’Alene Mines Corporation is the largest U.S.-based primary silver producer and a growing gold producer. The Company has four precious metals mines in the Americas generating strong production, sales and cash flow in continued robust metals markets. Coeur produces from its wholly owned operations: the Palmarejo silver-gold mine in Mexico, the San Bartolomé silver mine in Bolivia, the Rochester silver-gold mine in Nevada and the Kensington gold mine in Alaska. The Company also owns a non-operating interest in a mine in Australia, and conducts ongoing exploration activities in Mexico, Argentina, Nevada, Alaska and Bolivia.

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Source: FULL ARTICLE at DailyFinance