The Timberland Co. said that John D. Crimmins, III, its vice president and chief financial officer, will leave the company, effective September 30, according to a filing with the Securities & Exchange Commission. Carrie Teffner, formerly at Sara Lee Corp., has been appointed as the company's new chief financial officer, effective September 28.

The news was announced internally on September 17.

At Sara Lee, Teffner served in executive-level finance and treasury positions since 1998. Since 2008, Teffner served as senior vice president and chief financial officer of Sara Lee International Household and Body Care, a division of Sara Lee Corporation. Prior to that, Teffner served as senior vice president and chief financial officer of Sara Lee Foodservice, a division of Sara Lee Corporation. From 1998 until 2007, Teffner served Sara Lee Corporation in a variety of finance and treasury positions of increasing responsibility, ultimately serving in the position of senior vice president financial planning & analysis and treasurer.

The company said will disclose the terms and conditions of the separation and any amounts payable to Crimmins in connection as soon as such matters have been finally agreed upon between the Company and Crimmins.