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.
TAX EXEMPT CFO AWARD- THE FOR-PROFIT MIND-SET
The CFO who has successfully led his or her organization to achieve greater efficiencies and success, and has inspired leadership, employees, donors, funders, and other partners to drive the organization to compete and achieve more as if it were a for-profit company.
CHIEF FINANCIAL OFFICER, COMMUNITY FOODBANK OF NEW JERSEY
“As the CFO for the Community FoodBank of NJ, a nonprofit organization, I must always think with a for-profit mind-set, because we do have stakeholders who depend on us. While these stakeholders are not looking for a dividend from profits, they need something far more important. The Community FoodBank of NJ must be financially prudent so that it can fulfill its mission of providing food, help, and hope to those in need within New Jersey. With this being my guiding principle, I must always be innovative to be ahead of an ever-changing and challenging business environment.”
FINALISTS FOR TAX EXEMPT CFO AWARD- THE FOR-PROFIT MIND-SET
Beth Gibson, Senior Vice President/Chief Financial Officer, New York Blood Center