NEWHALL LAND NAMES ACTING CFO KIMBALL MOVES UP AS MORK STEPS ASIDE.Byline: Daily News
VALENCIA - Donald L. Kimball is the new acting chief financial officer for The Newhall Land and Farming Company The Newhall Land and Farming Company is a land management company based in Valencia, California, United States. The company is responsible for the master community planning of Valencia, as well as the management of farm land elsewhere in the state. and likely will be appointed to the permanent post in April, the company president said Wednesday.
Kimball replaces Stuart R. Mork, senior vice president and chief financial officer, who will resign effective March 1.
Kimball, who has been with the development company for 16 years, was vice president of finance and controller for Newhall Land. He will continue to oversee financial reporting, information systems and audit services and now will also assume responsibility for treasury, investor relations and tax services.
A certified public accountant Certified Public Accountant (CPA)
An accountant who has met certain standards, including experience, age, and licensing, and passed exams in a particular state. , Kimball joined the company in 1986 as director of internal audit. In 1990, he was promoted to controller, and in 1994 elected vice president-controller. Kimball earned his degree in business and accounting from California State University, Northridge CSUN offers a variety of programs leading to bachelor's degrees in 61 fields and master's degrees in 42 fields. The university has over 150,000 alumni. It's also home to a summer musical theater/theater program known as TADW (TeenAge Drama Workshop) that leads teenagers through an , and his master's in business administration from Pepperdine University.
Kimball founded the Santa Clarita Valley The Santa Clarita Valley is the valley of the Santa Clara River in Southern California. It stretches through Los Angeles County and Ventura County. Its main population center is the city of Santa Clarita. The valley was part of the 48,612-acre (19,672. chapter of the American Diabetes Association The American Diabetes Association, or the ADA, is an American health organization providing diabetes research, information and advocacy. Founded in 1940, the American Diabetes Association conducts programs in all 50 states and the District of Columbia, reaching hundreds of in 1997 and serves on its board of directors. He is a past president and current board member of the Santa Clarita Valley Committee on Aging and an associate member of the Urban Land Institute.
``Don is a key member of the company's financial management team and his experience and leadership skills have prepared him well for his expanded responsibilities at Newhall Land,'' said Gary Cusumano, president and chief executive officer.
Mork was in charge of finances during Newhall Land's buyback of stock it saw as undervalued, a venture in Scottsdale, Ariz., and a more recent project in Broomfield, Colo. Both those projects were sold.
``In the last five years, we have purchased over one-third of the company in an aggressive unit-repurchase program, yet we have limited debt exposure and have maintained adequate resources to focus on our complex entitlement process,'' said Cusumano. ``Rick's guidance has been invaluable to the successful execution of our strategy.''
Mork joined Newhall Land in 1987 as treasurer following a variety of management positions with public and private companies in banking, investments and energy.
He was appointed vice president in 1992, CFO See Chief Financial Officer. in 1995 and senior vice president and CFO in 1996. Mork serves on the board of directors of the Lusk Center for Real Estate at USC and the Los Angeles Area Council Founded in 1914, the Los Angeles Area Council (LAAC) (#33) serves most of the City of Los Angeles as well as several other cities in the greater Los Angeles area. It is one of five Boy Scouts of America councils in Los Angeles County, California. of the Boy Scouts of America Noun 1. Boy Scouts of America - a corporation that operates through a national council that charters local councils all over the United States; the purpose is character building and citizenship training , is a member of the Urban Land Institute and is chairman of the Henry Mayo Newhall Memorial Hospital board of directors.