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

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- STRATEGY

The CFO who has led strategic initiatives that have resulted in significant enhancement of value, operations, realignment, rationalization, and/or financial performance.

MICHAEL DENTICI

CHIEF FINANCIAL OFFICER, T&M ASSOCIATES

“T&M is a full-service engineering firm, so innovating and creating strategy for us — and for any service-oriented company — is about evaluating where the industry is going and being at the leading edge of new services and the investments needed to become a top service-provider for whatever market area we’re trying to penetrate. It’s important for a CFO, or any financial executive, to be sure the success of a new strategy can be measured. You have to establish the right KPIs [key performance indicators] for the new strategy, and it often helps to separate the new strategy from the core business and measure it differently, at least at the outset. My mission over the last four or five years is to be sure that the company is positioned financially to take advantage of any opportunity that presents itself, especially opportunities that require capital from a bank or investment in enhanced benefit programs necessary to attract and retain top talent. The right medical, 401(k), and other executive compensation plans are key in our business, and we are constantly evaluating those to be sure that we have them appropriately structured and financed correctly.”

FINALISTS FOR CFO SUCCESS AWARD- STRATEGY

Barry Lederman, Chief Financial Officer, Halo Pharma