US corporation Forest Oil said that Victor Wind, currently the company’s senior vice president (SVP), chief accounting officer, corporate controller and treasurer, has been promoted to the position of executive vice president (EVP), chief financial officer (CFO) and treasurer effective 24 August.
The Denver, Colorado-based company said that Wind will be responsible for overseeing all corporate financing activities and directing its accounting, treasury, corporate planning, investor relations, tax, and information technology functions.
Wind started his career in public accounting in 1995, and later served in various management positions, including director of financial reporting and controller, at Evergreen Resources from July 2001 through December 2004, and joined Forest as controller – financial accounting in January 2005.
Forest’s current EVP and CFO, Michael Kennedy, has resigned his position, effective 23 August to pursue other opportunities in the oil and gas industry.
The proposals of both US presidential candidates could shake up operating conditions in several sectors, reports the credit ratings agency.
The Danish shipping and oil conglomerate confirmed that it will separate its businesses into stand-alone transport and energy divisions.
The central bank has tweaked its stimulus programme and is making a fresh effort to push Japan’s inflation rate above its 2% target.
Despite faster payment technologies, business-to-business payments by paper cheque show no sign of decline from three years ago.