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September 8, 2016


Featured in the Q4 Issue of CFO Studio Magazine:

CFO Dominic Caruso of Johnson & Johnson

And Why D&B’s CFO Focuses on Total Shareholder Return


SOMERSET, NJ – Ethical judgments, satisfying shareholders, making acquisitions, managing growth: All these topics are voiced in articles that profile CFOs and their decision-making, appearing in the latest issue of CFO Studio magazine. The issue will be released Sept. 15.

The cover story on Dominic Caruso, executive vice president and chief financial officer of Johnson & Johnson, describes his decisions on matters of ethics, guided by J&J’s 73-year-old Credo. When he receives a call from the head of one of J&J’s business units asking him to weigh in on an ethical matter, Caruso says that the Credo’s words, though written in a far different era, nevertheless signal the right solution.

The Q4 2016 issue of CFO Studio magazine also highlights a close working partnership between Richard Veldran, chief financial officer of Dun & Bradstreet, and Jeffrey Kotzen, senior partner and managing director, The Boston Consulting Group. A collaboration between the two men helped bring about D&B’s embrace of the concept of Total Shareholder Return (TSR). In the article, Veldran and Kotzen weigh in on why D&B uses a TSR lens for value creation.

Three other feature articles profile CFOs from New Jersey and Pennsylvania companies describing their roles, decisions, and thoughts on leadership. Profiled are:

  • Joe Ritzel, CFO of Day & Zimmerman, a Philadelphia-based, century-old, family-owned company that provides construction & engineering, staffing, and defense solutions for leading corporations and governments around the world. Readers will learn why Ritzel believes that “It’s the right time to invest.”
  • Anthony Conte, CFO of Newtown, PA–based EPAM Systems, Inc., who describes the excitement and difficulties of presiding over the finances of a company in hyper-growth mode. EPAM, a global product development and platform engineering services firm, has completed eight acquisitions in the past three years. Meanwhile organic growth has been over 20 percent per year. “What this requires,” Conte says in the article, “is a high degree of flexibility and innovation to continue to create a financial organization that supports the business.”
  • T&M Associates of Middletown, NJ, is in the architecture/engineering/consulting market. Its CFO, Michael Dentici, describes the firm’s team-based approach, where a four-person executive team serves as the operating committee. “The validity of this kind of sharing has been vetted in studies, including one by the IBM Center for Applied Insights and the IBM Institute for Business Value… Collaboration in the C-suite is linked to higher enterprise performance,” Dentici is quoted as saying.


About CFO Studio


CFO Studio and CFO Studio magazine deploy the best of new and traditional media to promote finance executives as business and strategy thought-leaders. The magazine, published quarterly by CFO Studio and underwritten by great promotional partners, features business profiles and strategic advice for CFOs in the New York, New Jersey, and major metropolitan areas including Philadelphia and Chicago. Andrew Zezas is the host of CFO Studio and the Publisher of CFO Studio magazine. The company’s third annual CFO Innovation Conference & Awards will be held in spring 2017. Nominations are now open at

Visit to watch interviews with New Jersey area CFOs, and to register for Executive Dinner events in New Jersey, Manhattan, Philadelphia, Chicago, and San Francisco, and for the CFO Breakfast Learning Series. All events are available to CFOs at no cost. To read articles that have appeared in CFO Studio magazine, or for subscriptions and advertising opportunities, visit


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