CFO Moves: Sensity Systems, Frank’s International
By VIPAL MONGA
Sensity Systems named Phil Rehkemper as its chief financial officer. He will be the company’s first finance chief. Sensity is a closely held networking company based in Sunnyvale, Calif. A company spokeswoman declined to provide any compensation information. Mr. Rehkemper in June resigned from API Technologies Inc.ATNY +4.98%, where he had been CFO for two years. His compensation in 2013 totaled $322,529. In 2012, his compensation totaled $723,281, including a signing bonus.
Frank’s International N.V FI -1.25%. named John Sinders as interim CFO. He is replacing Mark Margavio at the Houston-based oil services company. Mr. Margavio will stay at the company to assist the transition. The company gave no reason for his resignation and announced it is searching for a full-time replacement. Mr. Sinders is a former investment banker and joined Frank’s International as senior vice president of investor relations in September. He was promoted to executive vice president, administration, in January. Mr. Margavio had been CFO since 2003. His compensation in 2013 totaled $2.97 million, and was valued at $606,174 in 2012.