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.

SMALL MARKET COMPANIES CFO THINKING BIG AWARD

The CFO who has overcome the small company mind-set, has instilled a sophisticated management style into the company, and has inspired leadership, employees, and other partners to grow and succeed, despite limited resources and against larger and more formidable competitors.

JENNIFFER COLLINS

CHIEF FINANCIAL OFFICER, TELIGENT

“Innovation is often synonymous with risk-taking, which on the surface might seem counterintuitive for a CFO to embrace. But in a small-market company, you are constantly doing things for the first time. That elevates the risk profile, but we can’t let risk alone hold us back from exploring new growth opportunities. I believe what our team does well at Teligent is to plan well whenever possible, but, more importantly, we stay flexible. Our goal is to identify a problem or opportunity quickly, and then to resolve it and move forward. We constantly balance the needs of the organization with an estimate of both the risk and opportunity, and then we develop a reasonable, effective, and efficient solution. In order to be an innovative small-market CFO, you need to possess the vision to see the future, the ability to hire great people, and the insight to know, in order to be a great team captain, you have to be a great teammate.”

FINALISTS FOR SMALL MARKET COMPANIES CFO THINKING BIG AWARD

Andy Kaplan, Chief Financial Officer, DonorsChoose.org

Brendon Scott, Vice President and Chief Financial Officer, Nat Sherman, 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.

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.

BOB BARRY

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

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