CFO Archives - Central Penn Business Journal

Veteran and former critical care nurse joins Penn State Health Medical Group

Penn State Health Medical Group has named Peter Ostasewski chief financial officer.

“Pete brings impressive credentials and experience to Penn State Health, having held senior leadership roles with numerous health care organizations and medical centers over nearly three decades,” said Paula Tinch, executive vice president, finance, and chief financial officer for Penn State Health.

Peter Ostasewski

“A decorated U.S. Army veteran and former critical care nurse, he has consistently demonstrated excellence in meeting the challenges of the ever-changing health care and financial environments,” she said.

At Penn State Health, Ostasewski will be responsible for the medical group’s financial performance, including accounting and reporting, operational and capital budgets, financial forecasts, benchmarking and the financial aspects of strategic and other operational initiatives.

Before joining Penn State Health Medical Group, Ostasewski served as vice president of finance and CFO for MedStar Medical Group, the integrated provider organization for MedStar Health, a not-for-profit health care organization whose operations include 10 hospitals in the Baltimore-Washington area.

Before that, Ostasewski was system vice president of operations finance with UPMC Central Pennsylvania Region following the affiliation between UPMC and PinnacleHealth System in Harrisburg. He previously served as corporate vice president of operations finance with PinnacleHealth.

Prior roles include that as CFO with Tenet Physician Resources for Tenet Healthcare Corp.; director for operational finances and associate CFO with Nemours/Alfred I. duPont Hospital for Children and Nemours/duPont Pediatrics; and financial performance manager at the Wilmington, Delaware, children’s hospital.

In addition, Ostasewski has experience as CEO for a managed care-related organization and as a nurse with several Baltimore-region health care organizations and hospitals.

While an Army Airborne Ranger, he served with an evacuation hospital in Seoul, Korea, as well as a battalion evacuation officer and as a special operations combat medic. He received numerous military decorations and awards for his service.

Ostasewski graduated from the U.S. Army Ranger School, Fort Benning, Georgia, and trained as a licensed practical nurse at Fort Sam Houston. He earned his bachelor’s degree in nursing from the University of Maryland and holds an MBA from Loyola University Maryland.

Ecore International names CFO

Josh Jensen

Lancaster-based Ecore International has hired Josh Jensen as chief financial officer.

The company said Jensen brings more than 18 years of experience in financial reporting and analysis, accounting, project management and strategic planning to Ecore, which transforms reclaimed materials into high–performance products.

“Josh is a broad-based leader with a record of value creation in manufacturing, distribution and services across both the public and private sectors,” said Art Dodge, president and CEO of Ecore. “His deep understanding of business strategy and impressive performance make him a valuable asset. We look forward to his contributions and to working with him to continue growing Ecore’s business and success.”

In his new role, Jensen will be responsible for all finance, accounting, business intelligence and information technology aspects of the company and will manage Ecore’s financial plans and organizational growth strategies.

Prior to joining Ecore, Jensen served as chief financial officer for PEI-Genesis where he was responsible for all financial, risk management, treasury and legal aspects of the operating and real estate entities of the enterprise and managed a global team. He has also held financial and operational leadership positions with Avantor and VWR International.

Jensen earned his master’s degree in accounting from the University of Notre Dame and his bachelor’s degree in social science and finance from Benedictine University.

Harsco SVP and CFO resigns

Camp Hill-based Harsco Corp. today announced that Anshooman Aga has resigned as the company’s senior vice president and CFO, effective Aug. 24, to pursue employment with another company.

Nick Grasberger – Submitted

Aga’s departure did not result from any disagreement regarding the company’s corporate strategy, financial statements or disclosures.

“On behalf of the board of directors and our 12,000 employees, we thank Anshooman for his many contributions to our company, and we wish him well in his future endeavors,” said Nick Grasberger, chairman and CEO, Harsco Corp.

Pete Minan, Harsco’s former CFO, has been appointed interim senior vice president and CFO, effective Aug. 29, until a permanent replacement for Aga is announced.

Harsco will initiate a comprehensive search for a new CFO.

“Having served as our CFO for seven years, I am confident that Pete’s intimate knowledge of our company will serve us well in the interim as we focus on our key strategic initiatives and business improvement to drive shareholder value,” Grasberger said.

Bloom named CFO of Lehigh Valley Restaurant Group

Lehigh Valley Restaurant Group, the Allentown-based Red Robin franchisee covering the Lehigh Valley and Harrisburg regions, has named Nikki Bloom as its new chief financial officer.

In her new role, Bloom will oversee all finance and accounting functions while leveraging creative problem-solving skills to maximize financial performance at all restaurant locations.

Bloom has been with the restaurant group for nearly 20 years and has risen through the ranks, gaining experience in all facets of accounting and finance for the company.

Bloom was credited with helping to lead LVRG out of the uncertain times of the pandemic and into stability, recovery and sales growth throughout 2021 while still planning for the company’s future.

The company said she served in a critical role in 2020, handling government shutdowns, Payroll Protection Program Loans, and Employee Retention Tax Credits and implemented many effective and crucial measures to help preserve the necessary funds to meet the company’s financial obligations.

“Nikki values integrity, ethical behavior, lifelong learning for her and her team, building relationships with team members and our vendor partners, and time with her family and friends. She is a true brand ambassador of LVRG, and her many accomplishments are a great example of how passion, empathy, commitment, and continued education are a pathway to leadership and success,” says Mike Axiotis, CEO of Lehigh Valley Restaurant Group. “I am truly proud and honored to have her on our team.”

Bloom earned her bachelor’s degree from East Stroudsburg University and two associate degrees from Lehigh Carbon Community College in Business Administration and Accounting.

Robert Weidler named CFO of Jonestown Bank & Trust

Robert B. Weidler Jr. was named chief financial officer for Jonestown Bank & Trust Co. (JBT).

Weidler takes over for William Roth who is retiring in November after 18 years.

“It has been a profound pleasure working with Bill,” said Troy A. Peters, president and CEO of JBT. “I am grateful for his leadership, expertise and support over the years, and he has been an integral part of JBT’s growth and success.”

Weidler graduated from Palmyra High School and Shippensburg University. Prior to joining JBT, Weidler was with Riverview Bank for 25 years, most recently as senior vice president and controller.

“Our search for a new CFO was extensive and extended well beyond Pennsylvania,” said Peters. “In the end, we were fortunate to find someone with Bob’s experience, qualifications and passion for community banking so close to home. He’s an excellent fit with JBT and our management team.”

“What attracted me to JBT was the opportunity to be part of a local community bank that has embraced technological change while maintaining their strong commitment to playing a part in the continued growth of the communities JBT serves,” said Weidler. “I’m really excited about the direction the bank is heading.”

A resident of Elizabethtown, Weider is a member of Elizabethtown Brethren in Christ Church.

JBT serves customers in Lebanon, Lancaster, and Berks counties. Founded in 1873, JBT currently has assets of over $800 million and 14 full-service locations.

Summit Technology Group names CFO

Summit Technology Group named Sangeeta Kishore, a veteran leader of progressive community banks, as chief financial officer.

The Mechanicsburg-based company is a software solution, cloud engineering and modernization business serving more than 200 community institutions in the financial services industry.

Kishore was most recently part of the executive team that started Grasshopper Bank – the first U.S. digital bank for commercial customers – and raised over $130 million. Before that, she was chief financial officer at Metropolitan Commercial Bank and senior executive vice president, chief financial officer and senior risk officer at Kish Bank.

She holds four degrees, including a Master of Business Administration with concentrations in finance and strategy from the University of Chicago’s Booth School of Business.

“As STG expands its outsourced bank operations team, Sangeeta’s talent and depth of experience in banking industry will allow us to provide even more value to our community bank customers,” Ben Wallace, CEO of Summit Technology Group, said in a release. “Sangeeta will be deeply involved in helping grow our services practice, allowing our clients to think differently about how they manage their back offices to increase operational efficiency – including credit underwriting, SBA operations and risk management services.”

Armstrong World Industries CFO announces retirement

Brian MacNeal. PHOTO/PROVIDED

Armstrong World Industries CFO Brian MacNeal plans to retire from his position next year, initiating a search for the Lancaster-based manufacturer’s next financial leader.

MacNeal joined Armstrong in 2014 as vice president of global finance and building products and was named the company’s CFO in 2016 following its spinoff from Armstrong Flooring.

Armstrong World announced this week that MacNeal will be retiring from the company on May 1, 2022.

Armstrong World manufactures commercial and residential ceiling, wall and suspension system solutions.

“On behalf of the Board of Directors and our executive leadership team, I would like to thank Brian for his years of service and countless contributions to building the company we are today,” said Vic Grizzle, president and CEO of Armstrong World. “We truly appreciate his dedicated leadership and partnership in executing our vision as a focused and innovative ceilings and wall solutions company.”

The company employs 2,800 people across a manufacturing network of 21 facilities including six through a joint venture with Columbus, Ohio-based Worthington Industries.

MacNeal’s financial acumen and strategic insights were crucial for Armstrong World as it delivered shareholder value and positioned itself for sustainable growth, said Grizzle.

“I have been humbled by the dedication of our employees and their willingness to engage in the hard work necessary to consistently adapt and evolve as an industry leader, while maintaining a strong culture based on integrity, collaboration and excellence,” said MacNeal.

Armstrong World has initiated a comprehensive search for MacNeal’s replacement with the assistance of an unnamed executive search firm. It plans to look both internally and externally for potential CFO candidates.

Gooding Group names McNamara as new CFO

Steve McNamara

Stephen McNamara has been named chief financial officer of GSM Roofing and GSM Industrial. The two family-owned Ephrata companies make up The Gooding Group.

The Lancaster resident and Villanova University graduate most recently worked at Armstrong World Industries as the vice president and corporate controller.

Reed Gooding, president of GSM Roofing, described McNamara in a release as “a well-respected member of the community and a top financial talent.”

“We’re thankful that Steve chose The Gooding Group for the next phase of his career,” he said.

GSM Roofing specializes in the installation and maintenance of commercial and specialty roofing. GSM Industrial is a contractor for millwright services and custom metal fabrication and also specializes in industrial equipment installation and repair, machining and contract manufacturing services.

“I am excited to join the Gooding Group as CFO,” McNamara said in the release. “GSM Roofing and GSM Industrial have strong business models, proud histories, excellent reputations and bright futures. I look forward to partnering with the team to execute the company’s priorities. I am fortunate to succeed Rick Watson, who provided the Gooding Group with strong financial stewardship during his 15-year tenure.”

Lancaster General Health to welcome new CFO

Charmaine Spence Rochester – PHOTO PROVIDED

The former CFO of Penn Medicine’s Chester County Hospital will be taking the role of CFO of the Philadelphia system’s Lancaster General Health hospital at the end of the month.

Charmaine Spence Rochester has led Penn Medicine’s Chester County hospital for the last three years as its CFO and senior vice president of finance and will now take on the role of CFO in Lancaster, Penn Medicine announced on Thursday.

Spence Rochester replaces F. Joseph Byorick, who held the role since 2016. Byorick announced he would retire earlier this year.

During her time in Chester County, Spence Rochester was a key partner in strategic plan development, budgeting, forecasting and operational efficiency for the hospital, according to a statement from Penn Medicine.

Spence Rochester is expected to take the new position on Nov. 30. She brings more than 28 years of financial experience to the position, including more than 16 years in health care financial leadership. She holds an undergraduate degree in accounting from Howard University, a master’s degree in business administration from Florida Atlantic University and a Doctor of Health Administration degree from Central Michigan University.

Smith Land appoints new COO/CFO

Dallas Zulli, former Vice President and senior commercial relationship manager for F&M Trust, was named COO and CFO of Smith Land & Improvement Corp. (Photo provided)

Real estate development firm Smith Land & Improvement Corp.’s newest executive is bringing 16 years of experience in commercial banking and real estate finance to the Camp Hill-based company.

Dallas Zulli, former vice president and senior commercial relationship manager for F&M Trust, has taken the role of both COO and CFO for Smith Land, the firm announced Friday.

“His experience on the banking side of commercial real estate finance gives him unique insights into the types and structures of deals that will future-proof our development firm,” said Richard Jordan III, president and CEO of Smith Land.

Smith Land has a portfolio of about 50 properties, 80% of which are located in the midstate.

The firm’s most recent redevelopment project, the Camp Hill-based Neighbors & Smith, houses a number of local businesses including Little Black Dress, One Good Woman and Underneath it All and officially opened in June of last year.

“I was raised in this area and have seen the positive impact, resilience, and expansion of the Smith Land properties, including the landmark West Shore Plaza. It’s important to have historical context for development which will help me as I manage our current projects, evaluate future projects, introduce new tenant relationships, and prepare our properties for changing demands in the commercial real estate market,” Zulli said.

Zulli holds a Bachelor of Science and a Master’s in Business Administration from Stetson University in DeLand, Florida. He is also the treasurer and board member for the East Pennsboro Ambulance Service and a trustee for the Cumberland County Bar Foundation.

Orrstown hires new CFO

Tom Brugger is expected to start July 15 as CFO of Orrstown Financial Services Inc. PHOTO/SUBMITTED –

Orrstown Financial Services Inc. has hired a new CFO to replace an executive who resigned in March.

Thomas R. Brugger will assume the company’s lead finance role as of July 15. He will take over for David Boyle, who left for personal reasons, according to a March filing with the U.S. Securities and Exchange Commission.

A graduate of Penn State, Brugger worked most recently as CFO of Sun National Bank in New Jersey. Before that, he was CFO at Wyomissing-based Customers Bank and an executive at the former Sovereign Bank. At Orrstown, he will be CFO and executive vice president, responsible for financial plans, policies and financial compliance.

“We are pleased to welcome Tom to the organization,” Thomas R. Quinn Jr., Orrstown’s president and CEO, said in a statement. “His broad banking and financial experience at diverse and complex organizations will be invaluable as we continue to execute our strategic growth plans.”

Based in Shippensburg, Orrstown Financial is the parent of Orrstown Bank and Wheatland Financial Advisors Inc. It recently completed a merger with Maryland-based Hamilton Bank, bringing its assets to $2.5 billion. The company operates about 40 offices in southcentral Pennsylvania and Maryland.

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Tag: CFO

Armstrong World Industries CFO announces retirement

Gooding Group names McNamara as new CFO

Lancaster General Health to welcome new CFO

Smith Land appoints new COO/CFO

Orrstown hires new CFO