Serving as the chief bean counter when there are fewer beans to count probably isn't much fun.
Maybe that's why so many supplier company CFOs have been quitting lately, heading to "greener" pastures. Here are some recent departures:
- Robert Belts, CFO of struggling metal caster Intermet, has announced he plans to leave, a company spokesman said last week.
- A day after Dana filed for Chapter 11 this month, CFO Robert Richter, a veteran of 32 years with the driveline supplier, retired.
- Three weeks ago, Lear Corp. announced CFO David Wajsgras was leaving to join defense contractor Raytheon. He leaves amid concerns over Lear's ability to form a joint venture with investor Wilbur Ross that would include the interior trim business of Collins & Aikman.
More departures are expected as the auto industry continues its restructuring.