As Seen in CFO Studio Magazine Q3 2016 Issue

THE WINNERS OF THE 2016 CFO INNOVATION AWARDS SHARE THEIR THOUGHTS ON STAYING AHEAD OF THE CURVE

Innovators are men and women who make a difference in their chosen endeavors. Through their energy, leadership, identification of opportunities and risks, big thinking, unwavering dedication, and farsightedness, the 12 CFOs being honored this year are bettering 12 companies or tax-exempt organizations. Their bold actions have brought increased resources and/or respect to their employers. We asked each of the winners what they would say about CFOs as innovators. Several spoke about creating or carrying forward the company’s strategy. Others mentioned getting the most from their team. What these CFOs do every day is not unique, but it is highly successful because they have clear goals, leadership agility, and a plan for dealing with risk.

CFO INDUSTRY TRANSFORMATION AWARD

The CFO who has successfully transitioned from the position of CFO in one industry to the position of CFO in a company in an unrelated industry, and who has by applying experiences, insights, and skills from the previous CFO position had a significant impact on the new organization’s success.

ARLEN SHENKMAN

CHIEF FINANCIAL OFFICER, SAP NORTH AMERICA

“Decisions about how to allocate capital are complex, and depend upon many interrelated factors. The role of innovation is a key consideration. It influences how much of your available capital you’re going to invest in R&D and over what period of time you will look for your payback. It influences the amount of risk you’re willing to take and how you will seek to balance the long- and short-term interest of your shareholders. Investment decisions are not considered in isolation, but need to be judged in light of the strategy you’ve applied across the business. A decision to try to build new products needs to be assessed in relation to your broader capital deployment strategy to ensure a balanced risk and reward profile for your shareholder base.”

FINALISTS FOR CFO INDUSTRY TRANSFORMATION AWARD

David Feit, Chief Financial Officer, Pearl Capital Business Funding

As Seen in CFO Studio Magazine Q3 2016 Issue

THE WINNERS OF THE 2016 CFO INNOVATION AWARDS SHARE THEIR THOUGHTS ON STAYING AHEAD OF THE CURVE

Innovators are men and women who make a difference in their chosen endeavors. Through their energy, leadership, identification of opportunities and risks, big thinking, unwavering dedication, and farsightedness, the 12 CFOs being honored this year are bettering 12 companies or tax-exempt organizations. Their bold actions have brought increased resources and/or respect to their employers. We asked each of the winners what they would say about CFOs as innovators. Several spoke about creating or carrying forward the company’s strategy. Others mentioned getting the most from their team. What these CFOs do every day is not unique, but it is highly successful because they have clear goals, leadership agility, and a plan for dealing with risk.

CFO AS COO AWARD

The CFO who is more than a financial leader, but has demonstrated a unique blend of operational and strategic impact on the overall organization’s goals and mission. Judges looked for a CFO who, for instance, is setting pricing policy or influencing acquisition strategy.

MICHAEL MARDY

CHIEF FINANCIAL OFFICER, TUMI HOLDINGS

“When a CFO takes on the role of a COO in addition to a more traditional CFO role, he or she needs to be as innovative as possible, thinking creatively as an operator and entrepreneur as opposed to a risk-averse financial type — the traditional role of a CFO. This is outside the comfort zone for many CFOs but an innovative approach to the role can be the difference between success or failure for the individual and the enterprise. Innovators are not afraid to embrace risk, provided the risks are calculated, and are not afraid of failure because out of failure the most fruitful lessons are learned. …Doubt — facing risk of the unknown — is part of every business decision, whether strategic or tactical. The objective is to look at every detail surrounding the problem or decision, assess the risk associated with each aspect of the risk, surround oneself with people smarter than yourself, seeking their counsel and advice, and then take the plunge with eyes open and the clarity that the process brings. One can still have doubt without being frozen in indecision. This is an inherent part of the ‘fun’ of running a business.”

FINALISTS FOR CFO AS COO AWARD

Richard Antoneck, Chief Financial Officer, Veritext

Scott Gellman, Chief Operating and Financial Officer, Kurtosys Systems

William Hendry, Chief Financial Officer, Dancker, Sellew & Douglas

Maxine Nordmeyer, Chief Financial Officer/Chief Executive Officer, Bihler of America, Inc.

David Rockwood, Chief Operating and Financial Officer, Rema Foods, Inc.

As Seen in CFO Studio Magazine Q3 2016 Issue

THE WINNERS OF THE 2016 CFO INNOVATION AWARDS SHARE THEIR THOUGHTS ON STAYING AHEAD OF THE CURVE

Innovators are men and women who make a difference in their chosen endeavors. Through their energy, leadership, identification of opportunities and risks, big thinking, unwavering dedication, and farsightedness, the 12 CFOs being honored this year are bettering 12 companies or tax-exempt organizations. Their bold actions have brought increased resources and/or respect to their employers. We asked each of the winners what they would say about CFOs as innovators. Several spoke about creating or carrying forward the company’s strategy. Others mentioned getting the most from their team. What these CFOs do every day is not unique, but it is highly successful because they have clear goals, leadership agility, and a plan for dealing with risk.

CFO SUCCESS AWARD- CAPITAL

The CFO who has improved the organization’s capital structure in a novel and value-adding manner.

ANDREW EINHORN

CHIEF FINANCIAL OFFICER, EDGE THERAPEUTICS, INC.

“Allocation of capital within your company is a balance between the classic economic dilemma of ‘unlimited wants vs. scarce resources.’ The challenge is to achieve this balance without stifling innovation, and, in fact, fueling it. One approach is to determine the amount of capital necessary to finance existing operations and devote the balance of capital available to those programs that truly enhance shareholder value, but don’t ‘break the bank.’ What we do is involve as many as possible in the allocation decision process so that there’s a sense of ownership and responsibility. This not only encourages our people to live within their budgets, but motivates them to innovate new ways to live within their budgets to meet our corporate goals.”

FINALISTS FOR CFO SUCCESS AWARD- CAPITAL

Brian Lenz, Chief Financial Officer, ADMA Biologics