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10 Fiscally Fabulous CFOs in Michigan

hat makes a great chief financial officer (CFO)? It’s not only about the numbers, though those are obviously important, it also takes strong business sense and savvy.

CFOs who are integrally embedded in a business’s operations—those who have an eye towards strategy and can identify what expenditures will help improve a business’s profitability—are the ones who can propel a company into great success.

As we celebrate some of the comebacks Michigan businesses have seen over the last few years, we take a moment to recognize an often unsung hero, the CFO. Check out our latest infographic celebrating 10 of the most notable CFOs in Michigan businesses. 10 FISCALLY FABULOUS CFOS IN THE MITTEN STATE 2013's MOST NOTABLE CFOS IN MICHIGAN MICHAEL FREED CFO, Spectrum Health and CEO, Priority Health, Grand Rapids 2012 REVENUE: $4.1 billion NOTABLE: Guided Spectrum Health with a steady hand and a solid financial foundation to help form one of the Midwest's largest health care systems JUDY BROWN & Executive Vice President, Perrigo Co., Allegan 2012 REVENUE: $3.17 billion NOTABLE: Helped secure 13 acquisitions valued at nearly $2.5 billion, enabling Perrigo's expansion into new product categories LISA PAYNE CFO & Vice Chairwoman, Taubman Centers Inc., Bloomfield Hills 2012 REVENUE: $1.03 billion NOTABLE: Successfully steered the company toward growth during the recession and oversaw the launch of the company's first shopping centers outside the United States MICHELLE GOFF CFO & Senior Vice President, R.L. Polk & Co., Southfield 2012 REVENUE: $401 million NOTABLE: Improved company profitability by spearheading the closure of an unprofitable business unit JOHN PINDRED CFO & Chief Administrative Officer, Family Christian, Grand Rapids 2012 REVENUE: $280 million NOTABLE: Helped oversee the company's 2012 transition from a privately held company to a 501(c) nonprofit organization, and now reports on ROIG, Return on Invested Giving, measuring the positive impact Family Christian has on people's lives 2 MIKE WALSH CFO & Vice President, NSF International Inc., Ann Arbor 2012 REVENUE: $210 million NOTABLE: Guided the public health nonprofit through 10 acquisitions since 2006, more than doubling revenue over the past seven years CHRISTINE SANTOS CFO, TTI Global, Rochester Hills 2012 REVENUE: $147 million NOTABLE: Steered TTi Global through a period of growth that included setting up financial processes for 13 new foreign offices KRAIG HARPER CFO, Service Express Inc., Grand Rapids 2012 REVENUE: $39.9 million NOTABLE: Humbly helped the company manage growth from a single location to 23 throughout the Midwest and Southeast United States GLEN LONG CFO & Vice President of Administration, Detroit Economic Growth Corp., Detroit 2012 REVENUE: $35 million NOTABLE: Handles the financials for the Detroit area development deals for which the DEGC provides incentives and support DREW PATRICK CFO & COO, Skidmore Studio, Detroit 2012 REVENUE: $4.5 million NOTABLE: Restructured the agency's account-handling practices while helping relocate the company to downtown Detroit after 52 years in the suburbs 53.7% 8% FEMALE *** OPTIMISM IN THE US ECONOMY 31.4% GENDER DIVIDE CFO optimism about the overall US economy is above the long-run OF CFOS IN THE US 92% MALE mean for the 2nd time since 2007 March 2013 June 2013 MICHIGAN EMPLOYMENT TOP CONCERNS OF US CFOS Employment in Michigan has seen significant gains since the recession INTERNAL » Ability to maintain margins EXTERNAL 4,300,000 » Consumer demand » Federal government agenda/policies » Cost of health care 4,250,000 » Attracting and retaining qualified employees » Price pressure from 4,200,000 competitors » Ability to forecast results » Federal budget deficit 4,150,000 2010 2011 2012 2013 SOURCES: oneuPweb http://issuu.com/mibiz/docs/mibiz_cfo_of_the_year_awards-2013 http://www.crainsdetroit.com/section/cfo_awards_2013 http://www.crainsdetroit.com/article/20130526/BLOG008/305269992/women-execs- moving-the-needle-locally BE RELENTLESS http://www.cfosurvey.org/ http://www.bls.gov/eag/eag.mi.htm A ONEUPWEB.COM 1.877.568.7477 INFO@ONEUPWEB.COM © 2013 Oneupweb, All Rights Reserved.

10 Fiscally Fabulous CFOs in Michigan

shared by Oneupweb on Aug 08
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As we celebrate some of the comebacks Michigan businesses have seen over the last few years, we take a moment to recognize an often unsung hero, the CFO. Check out our latest infographic celebrating 1...

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