40 under 40 ready and able to fuel growth...

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38 TREASURY & RISK OCTOBER 2010 treasuryandrisk.com 40 Under 40 Ready And Able To Fuel Growth A s the economic recovery seems faltering one day and back on the track the next, com- panies need all the new ideas and hard work they can get to keep the wheels of finance humming, and this latest group of up-and-coming executives seem ready to roll. Many on this year’s 40 Under 40 list started their careers with Big Four accounting firms, while others have backgrounds as investment bankers, Wall Street analysts and man- agement consultants. The list includes plenty of executives with M.B.A.s, but also a few with degrees in law and engineering. Most impressive, though, are the projects the ex- ecutives have undertaken on behalf of their companies, ranging from efforts to restructure finance departments and repatriate overseas funds to participation in mergers, acquisitions and financings galore. The executives on the next five pages are positioning their companies for growth once the economy improves. Hopefully, these under-40s won’t be too much older when that happens. Go to treasuryandrisk.com in October for more on online Career Q&As. Treasury & Risk’s 2010 picks of corporate America’s outstanding financial executives under the age of 40

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38 treasury & risk OctOber 2010 treasuryandrisk.com

40 Under 40

ReadyAnd Able To FuelGrowth

As the economic recovery seems faltering one day and back on the track the next, com-

panies need all the new ideas and hard work they can get to keep the wheels of finance

humming, and this latest group of up-and-coming executives seem ready to roll. Many

on this year’s 40 Under 40 list started their careers with Big Four accounting firms,

while others have backgrounds as investment bankers, Wall Street analysts and man-

agement consultants. The list includes plenty of executives with M.B.A.s, but also a few

with degrees in law and engineering. Most impressive, though, are the projects the ex-

ecutives have undertaken on behalf of their companies, ranging from efforts to restructure finance departments

and repatriate overseas funds to participation in mergers, acquisitions and financings galore. The executives

on the next five pages are positioning their companies for growth once the

economy improves. Hopefully, these under-40s won’t be too much older

when that happens.

Go to treasuryandrisk.com in October for more on online Career Q&As.

Treasury & Risk’s 2010 picks of corporate America’s

outstanding financial executives under the age of 40

treasuryandrisk.com OctOber 2010 treasury & risk 39

40 Under 40

•38 Jason AikenController & VPGeneral Dynamics

Aiken is responsible for ac-

counting, financial reporting,

government finance and corpo-

rate financial systems at the $39

billion military contractor. Before

being named controller in March,

he was staff vice president of

accounting. Aiken has a B.S. in

business administration and

accounting from Washington and

Lee and an M.B.A. from North-

western’s Kellogg School. ▪

•37 Jason BergPrincipal accounting officer Amerco

At $2 billion Amerco, parent of U-Haul International and insurance and real estate companies, Berg has developed a program to find and purchase distressed mort-gages on self-storage properties to expand U-Haul’s self-storage capacity. He also reworked depre-ciation methods and introduced a virtual IR program. Berg, who joined Amerco unit Oxford Life in 1996, has a B.S. in accountancy from Arizona State University. ▪

•35 Karie Anderson VP, corporate financial planning & analysisExelon

Anderson recently led a team that put together and implemented a multiyear strategic plan for the finance department of the $17.4 billion utility. She has also implemented new tools, includ-ing integrated scenario planning. Before joining Exelon, she worked at PricewaterhouseCoopers. She has a B.S. in accountancy from the University of Illinois and an M.B.A. from the University of Chicago. ▪

•39 Matthew BrillTreasurer & VPHCP

In January, Brill was named treasurer of the health care REIT, which has $16 billion in assets and $1.1 billion in 2009 revenues. Before joining HCP in 2006, he spent six years in the treasurer’s office at General Motors and worked at KPMG Peat Marwick. Brill has a B.A. in business economics from the University of California–Santa Barbara and an M.B.A. from Duke University’s Fuqua School of Business. ▪

•38 Daniel Ammann VP, finance & treasurer General Motors

Ammann signed on as the auto

manufacturer’s treasurer in April,

shortly before GM emerged from

bankruptcy. Previously, he had

headed industrial investment

banking at Morgan Stanley since

2004, assisting with mergers,

acquisitions, capital raising and

restructurings. He has a bachelor

of management studies in eco-

nomics and finance from New

Zealand’s University of Waikato. ▪

•36 Jennifer BiryVP, finance, consumer, mobility & consumer marketsAT&T

Biry is responsible for financial management, planning and reporting for the $21 billion consumer wireline business of $123 billion AT&T. Earlier, she was responsible for the planning and integration of SBC’s acquisition of AT&T in 2005 and the renamed AT&T’s 2006 acquisition of Bell-South. She has a B.B.A. in busi-ness administration from Texas Lutheran University. ▪

•38 Rick ArpinCorporate controller & SVPMGM Resorts International

Arpin oversees more than 200 em-ployees in the $5.9 billion gaming company’s finance shared services center and has responsibility for external reporting and accounting policies. He has participated on the teams for deals such as MGM Resorts’ $8 billion acquisition of Mandalay Resort Group and its $750 million sale of Treasure Island. He has a B.S. in accounting and finance from the University of Nevada–Las Vegas. ▪

•38 Melissa BurgumCorporate controller & VPSRA International

Burgum has served as controller of SRA, a $1.6 billion provider of IT services, since 2006. Earlier, she spent eight years at Arthur Andersen and served as assistant controller for a unit of ITT. Her experience with government contracting work in those jobs serves her well at SRA, whose biggest customers are government agencies. Burgum has a B.S. in accounting from the University of Richmond. ▪

40 treasury & risk OctOber 2010 treasuryandrisk.com

40 Under 40

•39 Julie ConnorsChief risk officer & SVP, auditInterpublic Group

Since joining the $6 billion holding company for advertising agencies in February, Connors has restructured the risk management group’s responsibilities to align with broader organizational chal-lenges and worked with business units to increase the efficiency of risk management operations. Earlier, she was a partner in Deloitte’s enterprise risk practice. Connors has a B.S. in economics and accounting from Rutgers. ▪

•39 Christopher Del Moral-NilesCorporate treasurer & EVPAssociated Banc-Corp

Del Moral-Niles joined the bank holding company with $23 bil-lion in assets this year from First American. As First American’s treasurer, he participated in trans-actions including the spin-off of a $2 billion subsidiary and oversaw the investment of more than $6 billion in escrow funds. He has a B.A. in economics from the University of California–Berkeley and an M.B.A. from UCLA. ▪

•37 Matthew CribbinsFinancial planning &analysis manager & VPGE Capital

Cribbins helps plan strategy, as-sess performance against targets and provide support for investor communications for General Electric’s $50.7 billion financing arm. After graduating from GE Capital’s financial management program in 1998, he became CFO of GE Commercial Financial Asia in 2006 and CFO of GE Capital Asia in 2008. Cribbins has a B.A. in economics from Holy Cross. ▪

•37 Kristin FergeTreasurer & EVPBrookdale Senior Living

Ferge has helped the $2 billion operator of assisted living and retirement communities increase revenue and profits through her work on debt and equity manage-ment, operational cost cutting and contract negotiations. Earlier, she was CFO and treasurer at Alterra Healthcare. Ferge has a B.B.A. from Marquette and an M.S. in healthcare administration and finance from the University of Wisconsin. ▪

•37 Donna CostelloCFOSequa Corp.

Costello was named CFO of Sequa, whose products include airplane parts and auto compo-nents, in 2009, after playing an integral role in the Carlyle Group’s acquisition and subsequent reor-ganization of the company. She had served as Sequa’s corporate controller since 2005. Costello, who started her career at Arthur Andersen, has a B.B.A. in ac-counting and an M.B.A. in finance from Iona College. ▪

•35 Brian DoublesCFO, retail finance GE Capital

As CFO of the retail finance unit at GE Capital, with more than $45 billion in served assets, Doubles leads a team of 250 finance profes-sionals. Before becoming CFO in 2009, he led financial planning and analysis for GE’s global consumer finance unit and was CEO and CFO of WMC Mortgage, leading the exit from that busi-ness in 2007. Doubles has a B.S. in engineering and business man-agement from Michigan State. ▪

•39 Peter CsapoDivisional CFO & VP, InformaticsMcKesson

Csapo serves as the finance chief for McKesson Health Care Solutions, which offers medical management solutions, and has helped grow the unit. Earlier, he led corporate financial planning and analysis for McKesson, a $110 billion distributor of pharma-ceuticals and medical supplies, and worked at Honeywell and Sears. Csapo has a B.B.A. in ac-counting from the University of Wisconsin–Madison. ▪

•39 Mitchell ButierCFO & SVPAvery Dennison

Butier was named CFO of the $5.9 billion maker of office supplies earlier this year, after serving as chief accounting officer since 2008. He led a restructuring that produced savings of about $180 million over the last 18 months and played a key role in strength-ening the company’s finances last year by focusing on generat-ing free cash flow at its business units. Butier has a B.S.A. from Loyola Marymount University. ▪

treasuryandrisk.com OctOber 2010 treasury & risk 41

40 Under 40

•38 Daniel FreimanTreasurer & VPNII Holdings

As treasurer at $4.4 billion NII, which markets wireless communi-cations in Latin America, Freiman has raised $1.3 billion with high-yield note offerings and closed a $130 million syndicated loan facility in Peru in 2009, one of the only major Latin American bank loans that year. Before becoming treasurer in 2008, Freiman was NII’s controller. He has a B.S. in accounting and an M.B.A. from the University of Maryland. ▪

•37 Nicole KivistoController, chief accounting officer & VPMDU Resources

Kivisto played a key role in implementing Section 404 of Sarbanes-Oxley at MDU, a $4.2 billion energy company that also provides construction materials and contracting services. She joined MDU in 1995 as a financial analyst and was named control-ler in 2005 and chief accounting officer this year. Kivisto has a B.S. in accounting from the University of Minnesota–Moorhead. ▪

•35 Eric HessionTreasurerHarrah’s Entertainment

Hession brings both finance and operations experience to his job as treasurer of the $10.1 billion casino operator. Since joining Harrah’s in 2002, he has served as vice president of finance, but has also worked in operations areas including revenue management, distribution and procurement. Hession has a B.S. in engineering from Cornell and an M.B.A. from the Fuqua School of Business at Duke University. ▪

•38 Aman KothariGlobal controller, chief accounting officer & SVPYahoo

Kothari has participated in a

number of Yahoo’s significant

transactions and projects, and is

currently helping to lead its shift

from country or regional finance

operations to global centers of ex-

cellence. He was named controller

of Yahoo, with $6.4 billion in

revenue, in 2009. He has a B.A. in

accounting and business law from

the University of Strathclyde. ▪

•39 Derrek GaffordCFO & EVPTrueBlue

As CFO of the $1 billion indus-trial staffing company, Gafford reduced operating expenses by 20% in 2009, allowing TrueBlue to post a profit despite a 25% drop in revenues. He also developed accident-reduction programs that cut work-related injuries by 60%. Before joining TrueBlue, Gafford served as CFO at Metropolitan Markets and worked at Albert-son’s. He has a B.B.A. from Boise State University. ▪

•39 Jeff KnobelTreasurer Ball Corp.

Knobel was named treasurer of the $7.3 billion packaging manufacturer in April after serv-ing as senior director of treasury operations since 2005. He has participated in a number of bond offerings and bank financings, in-cluding a $700 million bond issue in 2009 transacted at the tightest spread of any high-yield issue to that point in the year. Knobel has a B.S. in accounting from Miami University. ▪

•38 Yong Kim Finance director-decision supportToyota Financial Services

Kim provides financial planning, decision and analytical support to the Americas region business at Toyota Financial Services. Previously, she served as man-ager of automotive planning and control and manager of corporate financial planning and analysis. Kim joined Toyota in 1999 from Arthur Andersen, where she worked in audit. She has a B.S. in accountancy from California State University–Northridge. ▪

•39 Scott KrohnDirector of securitizationFord Motor

Krohn is responsible for more than $20 billion a year of asset-backed issuance for the $118.3 billion auto manufacturer. He worked closely with the Treasury and the Fed as they launched the Term Asset-Backed Securities Loan Facility. Since joining Ford in 1997, Krohn also served as trea-surer of Ford’s activities in Greater China. He has a B.A. in history and a J.D./M.B.A. from Indiana University. ▪

42 treasury & risk OctOber 2010 treasuryandrisk.com

40 Under 40

•35 Adam MatteoAssistant corporate controllerHoneywell International

Matteo manages financial report-ing, internal controls, Sarbanes-Oxley compliance and account-ing policies for the $30.9 billion industrial company. He’s also responsible for quarterly com-munications to the board’s audit committee. Earlier, he worked at Deloitte & Touche, where he did a two-year stint in the national accounting research department. He has a B.A. in accounting from Muhlenberg College. ▪

•37 Jeffrey RitenourSVP, corporate finance & treasurerDevon Energy

Ritenour, who was named trea-surer at $8 billion Devon Energy in May, previously served as VP of acquisitions and divestitures. He played a key role in Devon’s recent divestiture of all its Gulf of Mexico and international assets, which generated after-tax proceeds of about $8 billion. Prior to joining Devon in 2001, Ritenour worked at Ernst & Young. He has a B.B.A. in accounting and an M.B.A. from the University of Oklahoma. ▪

•37 Angela NagyController & VPMirant

Nagy has participated in transac-tions including reorganizations, dispositions and financings for Mirant, a $2.3 billion wholesale energy provider, and led the development of its plan for con-verting to IFRS. Nagy was named controller in 2009 after serving as assistant controller since 2005. She has both a B.B.A. in finance and a B.A. in accounting from the University of Oklahoma and an M.B.A. from Georgia State. ▪

•39 Ryan SiurekController & VPSprint Nextel

Siurek was named controller of the $32.3 billion wireless commu-nications company in November 2009, after signing on as assistant controller in January 2009. Prior to that, he spent five years at LyondellBasell Industries in positions including controller of European operations and director of risk management and global shared services. Siurek has a B.B.A. and an M.S. in accounting from Texas A&M University. ▪

•38 Brenda MiyamotoCorporate controller & VPReliance Steel & Aluminum

Miyamoto has participated in more than 15 acquisitions and worked on public debt issues totaling $600 million since 2004 as corporate controller of the $6 billion provider of metals processing services and metal products. Before joining Reli-ance Steel in 2001, she spent six years in audit at Ernst & Young. Miyamoto has a B.S. in account-ing from Loyola Marymount University. ▪

•38 D. Anthony ScaglioneTreasurer & VPABM Industries

As treasurer of the $3.5 billion facility services provider since 2009, Scaglione developed a capital structure and strategy for the five-year business plan. Prior to joining ABM, he was assistant treasurer at CA Inc. and worked as a treasury consultant at Ernst & Young. Scaglione has a B.S. in finance and a B.S. in accounting from Rutgers University and an M.B.A. from Fairleigh Dickinson University. ▪

•36 Rosemary PittsVP, financeCardinal Health

As finance chief for the $1.6 bil-lion nuclear pharmacy services division of $99 billion Cardinal Health, Pitts led the integration of finance activities for a multibil-lion acquisition and achieved a 91% decrease in pricing overrides. Before joining Cardinal in 2006, she was vice president of finance at Excellus Blue Cross Blue Shield. Pitts has a B.S. from Wright State University and an M.B.A. from Syracuse University. ▪

•29 Jonathan LevinTreasurer & head of IR Kohlberg Kravis Roberts

As head of investor relations for the private equity firm with $54.7 billion in assets, Levin played an important role when KKR rolled out its stock on the New York Stock Exchange in July. And as its treasurer, Levin manages KKR’s $5 billion bal-ance sheet. Levin was appointed treasurer and head of IR in 2009. Before joining KKR in 2004, he worked at Bear Stearns. He has a B.A. from Harvard College. ▪

treasuryandrisk.com OctOber 2010 treasury & risk 43

40 Under 40

•39 Vincent SorgiCorporate controller & VPPPL

When Sorgi was named corpo-rate controller of the $7.5 billion electric utility in March, PPL cited his experience in the electricity business and his contributions to its accounting and business planning processes. He joined the company in 2006 as financial di-rector of its generation unit. Ear-lier, he worked at Public Service Enterprise Group. He has a B.S. in accounting from Penn State and an M.B.A. from Villanova. ▪

•34 Matthew TynanSVP, finance & investor relationsPriceline.com

Priceline, a $2.3 billion operator of online sites for booking flights and other travel services, named Tynan senior vice president of finance and investor relations in 2008. Earlier, he served as vice president of planning, strategy and analysis. He joined the com-pany in 2000 from Bear Stearns, where he was a financial analyst. Tynan has a B.S. in finance and accounting from N.Y.U.’s Stern School of Business. ▪

•37 Sheila TaylorCFO and EVPYRC Worldwide

Taylor was appointed CFO in October 2009, as the recession created a challenging environ-ment for $5.3 billion YRC and other trucking companies. Earlier, she served as YRC’s vice president of investor relations and treasury and was a divisional controller at Corporate Express. Taylor has a B.B.A. in business administration and accounting from Pittsburg State University and an M.B.A. from the University of Kansas. ▪

•37 Matthew WhiteTreasurer & VPPraxair

White was appointed treasurer of the $9 billion industrial gases company in August after serving as controller since 2008. He joined the company in 2004 as finance director of Praxair’s largest business unit, North American Industrial Gases. Earlier, White worked at Fisher Scientific and GenTek. He has a B.S. in indus-trial engineering from Penn State and an M.B.A. in finance from the University of Delaware. ▪

•39 Erika TaurelSenior director, finance transformation, biopharma unitPfizer

Taurel’s tasks at the $50 billion drug company have included the implemention of Pfizer’s busi-ness unit restructuring for the worldwide biopharmaceutical business and financial reporting and oversight of the Wyeth inte-gration for the $23 billion primary care business. She has a B.A. and M.A. in mathematics from Oxford and an M.B.A. from N.Y.U.’s Stern School of Business. ▪

•36 Richard WestenbergCFOOnStar

As CFO of OnStar, a $2 billion General Motors subsidiary, West-enberg put in place extensive ac-counting changes following GM’s emergence from bankruptcy. He has also instilled a new focus on cash flow and convinced vendors of OnStar’s financial health to recover $20 million put in escrow during bankruptcy. He has a B.B.A. in accountancy from Notre Dame and an international M.B.A. from the University of Chicago. ▪

•37 Gerald ThompsonVP, taxIngram Micro

Since joining the $29.5 billion computer distributor in 2008, Thompson has negotiated the successful completion of an IRS audit that resulted in a refund and overseen the repatriation of more than $500 million. Before joining Ingram Micro, he worked for De-loitte. Thompson holds a B.S. in criminal justice with an emphasis on accounting from Lindenwood University and a J.D. from the University of Missouri. ▪

•39 John WozniakChief accounting officer & corporate VPMotorola

The $22 billion cell phone pro-vider appointed Wozniak chief accounting officer in November 2009. Since joining Motorola in 2002, he has also served as assistant controller and interna-tional controller for the home and networks unit. Earlier, he spent two years in the professional stan-dards group at Arthur Andersen. Wozniak has a B.S. in accounting from Marquette University. ▪