CB&I (NYSE: CBI) has appointed Michael S. Taff as executive vice president and CFO, effective April 1. Taff will succeed Ronald A. Ballschmiede, who is retiring.
Taff has more than 30 years of financial and global industry experience. He joins CB&I from Flowserve Corp., where he served as senior vice president and CFO. He previously served as senior vice president and CFO for McDermott International Inc., and also for The Babcock and Wilcox Co. following its spin-off from McDermott.
Taff also has held finance leadership roles at HMT Inc., Philip Services Corp., and British Petroleum Oil Co. He spent nine years in public accounting at Price Waterhouse, has a bachelor of business administration degree in accounting from Stephen F. Austin State University, and is a certified public accountant.
Westley S. Stockton, vice president, controller, and chief accounting officer, will assume interim responsibility for the company's operational finance functions until April. Stockton joined CB&I in 2002, and has served in his current role since August 2008. Prior to his current role, he held various positions of increasing responsibility within the company's finance organization.