Chief Financial Officer

Randall L. Herrel has been named chief financial officer of Quiksilver Inc., a Newport Beach sportswear company. A. Lawrence Crowe, who was previously chief financial officer of the company, will continue in the capacity of vice president, secretary and director. Previously, Herrel was executive vice president and chief financial officer of Gale Hayman Beverly Hills, a cosmetic wholesale/retail company. From 1983 to 1988 he was employed by Merle Norman Cosmetics and served as chief financial officer from 1986 to 1988.

J.C. Penney acquired a five-year $1.75 billion loan from Goldman Sachs as the struggling company looks to strengthen its finances. The news came about two weeks after J.C. Penney announced it had drawn $850 million from a $1.85 billion credit line. The loan, secured by its real estate and other assets, can be used to fund ongoing working capital requirements, the retailer said Monday. QUIZ: How much do you know about the sequester? "This loan facility is an important component of our strategic plan to strengthen the company's financial position," said Ken Hannah, J.C. Penney's chief financial officer in a statement.

Herb Hite has joined Irvine-based DisplayWorks as chief operating officer. He had been president and general manager of Exhibitgroup/Giltspur for more than four years. * Romolo Santarosa has been appointed senior vice president and chief financial officer of Eldorado Bancshares Inc. in Laguna Hills. He succeeds John Gordon, who recently resigned.

A Popcornopolis manager being held hostage by an employee in El Segundo is the gourmet-popcorn company's chief financial officer, authorities said Tuesday. A female employee armed with a handgun walked into the company's corporate offices at about 8:15 a.m. and ordered all employees out except for the CFO, said El Segundo Capt. Bob Turnbull.  “At this point in time, we have her locked in an office … and we're negotiating,” Turnbull said. “We have it surrounded, and we're trying to end it peacefully.” Police have closed off the area for about 250 yards in each direction and are investigating whether the hostage taker has access to a TV or the Internet.

CBS is losing its top bean counter. Fred Reynolds, the longtime chief financial officer of CBS Corp., is stepping down next month and retiring in August. He will be succeeded by Joe Ianniello, who has been deputy chief financial officer. Reynolds, 58, has been CBS Chief Executive Leslie Moonves' Wall Street wingman for nearly a decade. He almost left the company in 2005, but Moonves, who commands extreme loyalty from his underlings, lured him back.

Petsmart Inc. said its chief financial officer, Susan Schnabel, resigned to pursue other opportunities. The operator of pet-supply stores said Executive Vice President C. Donald Dorsey will serve as chief financial officer during the search for Schnabel's successor. Petsmart said Dorsey had served as chief financial officer from March 1989 until January 1997. Executives at the Phoenix-based company didn't immediately return phone calls.

Diedrich Coffee on Wednesday named Ann Wride, a finance veteran at several national restaurant chains, as its chief financial officer. Wride, 36, of Huntington Beach, was chief financial officer of the Coco's and Carrows chains, which are based in Irvine and owned by Advantica Restaurant Group Inc. of South Carolina. She joined Advantica in May 1996 from Irvine-based Family Restaurants Inc., which was selling Coco's and Carrows to Advantica for $313 million.

QAD Inc. said its chief financial officer, Dennis Raney, will resign. Raney, who started with the Carpinteria-based resource-planning software company in February, will step down Nov. 30. QAD Chief Executive Karl Lopker will assume the duties of chief financial officer while QAD looks for Raney's replacement. QAD also reported its fiscal 1998 third-quarter earnings. It had net income of $1.4 million, or 5 cents a share, compared with a loss of $2.79 million, or 12 cents, a year earlier.

An armed woman who authorities said held them at bay for several hours after taking the chief financial officer of an El Segundo-based popcorn company hostage Tuesday was identified as Leonora Banuelos. Banuelos surrendered at 11:31 a.m. after a more than three-hour standoff at the corporate headquarters of Popcornopolis in the 1300 block of East El Segundo Boulevard, said Capt. Bob Turnbull. Police said Banuelos, 21, took the company's chief financial officer hostage at gunpoint and told all the other company employees to leave the building.  The incident began about 8:15 a.m., when Banuelos, armed with a handgun, walked into the company's corporate offices and ordered all the employees out except for the chief financial officer, Turnbull said.

The walls and shelves of Dan Beckerman's downtown Los Angeles office speak more about his largely unknown but deep involvement in AEG's success than Beckerman himself is comfortable saying. Boxing gloves vie for space with a football from the defunct Avengers Arena Football League team, replicas of Lakers championship rings, and a photograph of the groundbreaking ceremony for Staples Center, whose massive and complicated financing Beckerman arranged. But there's one photo he regards with near-awe: It depicts Beckerman, an Iowa native who knew little about hockey until the Kings hired him to be their chief financial officer in 1997, happily hoisting the Stanley Cup on the ice at Staples Center last June.

Billionaire Philip Anschutz tapped longtime finance man Dan Beckerman to take the helm of AEG after the sale of the company was halted Thursday.  Beckerman will now serve as chief executive and president of Anschutz Entertainment Group Inc., replacing Tim Leiweke, who is leaving the company. AEG: A look back But who is Beckerman? Here's a rundown: -- Beckerman joined AEG in 1997 as chief financial officer of the Los Angeles Kings. -- Before he joined AEG, Beckerman was vice president of finance for the Los Angeles Clippers for two seasons.

Billionaire Philip Anschutz will be taking a more active role at his sports and entertainment powerhouse AEG without his longtime chief executive, Tim Leiweke. Anschutz announced Thursday that he was halting the planned sale of AEG and that Leiweke will be leaving by “mutual agreement.” AEG: A look back “We appreciate the role Tim has played in the development of AEG, and thank him for the many contributions he has made to the company,” Anschutz said in a statement.

Reacting to a scathing internal review, Metrolink officials are moving to correct serious accounting problems that led to the recent resignation of the commuter railroad's chief financial officer. Michael DePallo, Metrolink's top executive, on Friday detailed for the rail line's board of directors a variety of ideas designed to improve bookkeeping and provide accurate financial information. "Metrolink has taken a number of steps in a positive direction," DePallo said. "We are confident we can address the issues raised by the ad hoc committee," a panel of two board members that reviewed the railroad's accounting practices.

SAN FRANCISCO -- Ken Goldman wasn't working at home on Wednesday. Yahoo's chief financial officer was working the room at a Morgan Stanley investment conference, making a forceful case that Marissa Mayer is improving the quality of life at Yahoo. He did not directly acknowledge - - nor did anyone ask about -- the elephant in that room: Yahoo's ban on telecommuting, which has sparked a national uproar. Mayer, the former Google executive charged with reviving the fortunes of the struggling Internet pioneer, has given Yahoo employees an ultimatum: show up at the office or lose your job. PHOTOS: 10 craziest excuses employees have used to call in sick Yahoo sought to contain the controversy on Tuesday by issuing a written statement: "This isn't a broad industry view on working from home -- this is about what is right for Yahoo right now. " Without mentioning the new policy, Goldman painted an upbeat picture of life at Yahoo with parking lots filling up early in the morning and staying full in the evening.

A high-ranking Metrolink executive resigned over the weekend following a scathing report that revealed accounting irregularities, poor management and record-keeping that made it difficult for board members to understand the railroad's financial situation. Metrolink officials said Monday that Nancy Weiford, the regional commuter line's chief financial officer, stepped down after a special committee assigned to look into the railroad's business practices revealed its findings at Friday's board meeting.

Production and management company Core Media Group has tapped a new head of U.S. television. Jennifer O'Connell, a former NBC executive who most recently was an executive vice president at reality programming producer ShedMedia, will oversee programming delvelopment and production for Core, which is being overhauled under new chief executive Marc Graboff. Formerly known as CKX, Core Media Group is the parent of 19 Entertainment, a TV producer whose credits include Fox's "American Idol" and "So You Think You Can Dance.