Alticor, the parent company of direct-selling giant Amway, has appointed Michael Cazer executive vice president (EVP) and chief financial officer (CFO). As CFO, Cazer is a member of the company’s senior executive staff, reporting to chairman Steve Van Andel and president Doug DeVos.
Cazer joins the company with more than 20 years of global financial leadership experience, including CFO positions at General Electric (GE) and Brink’s. Cazer previously was president of Brink’s US$1.1bn European business, the largest geographic region in the company’s portfolio. He also served as CFO and led financial operations for the company. At GE, Cazer was CFO of GE consumer and industrial Europe and later became CFO of GE security.
At Alticor, Cazer will lead worldwide financial functions, including treasury, accounting, taxes, financial reporting, forecasting, financial planning, insurance and IT. He is a magna cum laude graduate of Lehigh University.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.