Adap.tv Inc., a privately held company that helps advertisers purchase video-advertising space online, hired Tim Morse as its chief financial officer, a newly created position. He was most recently CFO of Yahoo Inc.
LGL Group Inc. , a manufacturer based in Orlando, promoted R. LaDuane Clifton to chief financial officer. He was most recently chief accounting officer, and was already the company’s principal financial officer prior to the promotion. As CFO he will receive a base salary of $165,000, according to an 8-K. Mr. Clifton received compensation in fiscal 2011 valued at $256,770, according to a proxy filing.
Ormat Technologies Inc. , a geothermal energy company based in Reno, Nev., hired Doron Blachar as its chief financial officer. He succeeds Joseph Tenne, who is leaving the company to pursue other interests, according to a press release. Mr. Blachar was most recently CFO at Shikun & Binui Ltd. Mr. Tenne received compensation in 2011 valued at $630,256, according to a proxy filing.
Dehaier Medical Systems Ltd. , based in Beijing, promoted Charles Li to chief financial officer. He succeeds Aileen Qi, who was promoted to vice president, according to a regulatory filing. Mr. Li was most recently internal controls manager.
TheStreet Inc. , a financial media company based in New York, said in an 8-K that Chief Financial Officer Thomas Etergino will leave the company by mutual decision. He will remain with the company until the company files its annual report for the year ended Dec. 31, and he will continue to receive his current salary and benefits until then. After his departure he will receive the benefits in his contract associated with a termination without cause. Mr. Etergino received compensation in 2011 valued at $743,330, according to a proxy filing.