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  • Article headingConnectApril 2015The magazine for EY alumni

    Sarah Kaussbuilding a better bottle and a greener world at Swell

    Rich Jonesspeaks his mind on veterans affairs

    Jimmy Bargea starring role at Lionsgate

    Jennifer Cabalquintoplaying full court with the NBAs Golden State Warriors

    Steve Howe and Kelly Griertalk about the EY people promise

    Frank Mahoney and Tom Houghwelcoming EYs newly named and recently retired Vice Chairs of Assurance

    Building better boardsCorporate board directors and EY alumnaeOlivia Kirtley,Betsy RafaelandBarbara Stymiestsound off on strategy, digital transformation, cybersecurity, diversity and other top board matters.

  • 2015 EYGM Limited. All Rights Reserved. ED0116

    Source: Global Gender Gap Report 2014, World Economic Forum

  • Stephen R. Howe, Jr. EY Americas Managing Partner and Managing Partner, Ernst & Young LLP (US)

    As you read the stories of some of EYs amazing alumni in this issue, you will also notice a theme: EYs desire to work with our alumni, as well as our clients and communities, to help build a better working world.

    In our cover story, we talk with Olivia Kirtley, Betsy Rafael and Barbara Stymiest about the issues they face as corporate board members. They share a desire to make a positive difference and to serve as role models, especially for women. That goes hand-in-hand with a number of EY initiatives. For example, to support our alumni serving on boards, weve created the EY Center for Board Matters, which engages with boards, audit committee members and investors. And to promote women in the workplace, we recently launched Women. Fast forward, through which EY will act as a catalyst to accelerate the closing of the global gender gap.

    I think youll enjoy learning about Sarah Kauss, founder and CEO of Swell, one of Fortunes 40 under 40, and our first alumna selected for EYs Entrepreneurial Winning Women program. This program identifies high-potential women entrepreneurs whose businesses show real potential to scale and then helps them do it.

    Youll hear from alum Rich Jones, Executive Vice President, General Tax Counsel and Chief Veteran Officer at CBS, about his passion for improving the lives of disabled veterans. And well share some ways EY is helping this special group.

    We introduce you to two recently appointed EY leaders, Kelly Grier, Americas Vice Chair Talent, and Frank Mahoney, Americas Vice Chair Assurance, and say farewell and thank you to Tom Hough, Franks immediate predecessor. We deeply appreciate the extraordinary breadth of Toms contributions to EY over his 37-year career. Finally, youll meet Alumni Council members Adrienne White and Kim McGarry and learn what drives them to strengthen the alumni community.

    Every day, I am inspired by knowing and working with such an exceptional group of EY people and alumni. I hope you share my belief that together we are making a difference, and that we can, in fact, build a better working world.

    Thank you for all you are doing on behalf of EY.

    Building a better working world



    Connect April 2015 1

  • In this issue 04On the coverStrategy needs to take center stage in the boardroom, say seasoned corporate directors Betsy Rafael, Olivia Kirtley and Barbara Stymiest. We convened the three EY alumnae at Bloombergs corporate headquarters in New York City for a spirited discussion of some of the hot topics facing boards today, including digital transformation, cybersecurity and board diversity. They also provide some tips for those looking to join a board.

    14 20 28 32 40 44

    Building better boards


  • Features14 A fair challenge Get to know Frank Mahoney, EYs new Vice Chair Assurance, and find

    out why he thinks the audit profession is more vital now than ever.

    17 Closest to the pin As Frank Mahoney settles into his new role, we welcome his predecessor,

    Tom Hough, as one of our newest alumni. Find out what Toms up to at the United States Golf Association.

    20 A thirst for excellence Can a reusable water bottle be both fashionable and environmentally

    friendly? Discover why alumna Sarah Kausss Swell bottle has been described as eco-chic.

    28 It all comes down to people Kelly Grier, EYs new Americas Vice Chair Talent, and Steve Howe,

    Americas Managing Partner, talk about the power and importance of EYs people culture.

    32 Starring roles While alumni Jimmy Barge and Jennifer Cabalquinto are CFOs of two

    very different organizations hes with Lionsgate and shes with the NBAs Golden State Warriors they share the drive to entertain.

    40 A call to action CBS exec, EY alum and wounded military veteran Rich Jones shares his

    point of view on the plight of many of our nations veterans.

    44 Alumni council members in focus Chicago Alumni Council member Kim McGarry and Atlanta Council

    member Adrienne White discuss options trading, half-marathons and their desire to build a strong EY alumni family.

    50 Alumni Relations around the world Travel with us to Argentina, one of the worlds top developing nations,

    and learn what they mean when they say, Alumni, ser parte siempre.

    News54 Alumni news and new alumni snapshots Highlighting recent achievements of your friends and colleagues

    59 Events gallery A snapshot of recent alumni events throughout the Americas

    EY | Assurance | Tax | Transactions | Advisory

    About EY EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.

    EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit

    Ernst & Young LLP is a client-serving member firm of Ernst & Young Global Limited operating in the US.

    EY Canada refers to Ernst & Young LLP, which is a client-serving member firm of Ernst & Young Global Limited operating in Canada.

    EY Argentina refers to the client-serving member firms of Ernst & Young Global Limited operating in Argentina.

    2015 EYGM Limited. All Rights Reserved. Proprietary and confidential. Do not distribute without written permission.

    EYG no. QQ0391 ED 0316.

    The opinions of third parties set out in this publication are not necessarily the opinions of the global EY organization or its member firms. Moreover, they should be viewed in the context of the time they were expressed.

    In line with EYs commitment to minimize its impact on the environment, this document has been printed on paper with a high recycled content.

    April 2015ConnectThe magazine for EY alumni

    Editor-in-Chief: Jeff AndersonManaging Editor: Jay SeitherWriters: Jeff Anderson, Anne Lampert, Jay Seither, Eboni ThomasCreative Director: Donald BattingContributing Editor: Ellen LaskPhotography: Jon Gayman, Marcus Krause, Chris Savas, Robert Thomas

    Connect magazine is printed in the US by Great Lakes Integrated.

    For further information on Connect, please contact Jeff Anderson, Americas Director, Alumni Relations, at or +1 404 817 4875.

    50Connect April 2015 3

  • EY alumnae Olivia Kirtley, Betsy Rafael and Barbara Stymiest have truly scaled the corporate ladder. They serve or have served in the C-suites of many of the worlds top business organizations. And together, they have dozens of years experience serving on the boards of leading companies. We wanted to explore with them what they are seeing in the boardroom today.

    Building betterThree EY alumnae discuss board service and their roles as women in business

    We convened a half-day session with our three EY alumnae at Bloomberg LPs world headquarters in Manhattan. Mark Manoff, EY Americas Vice Chair and EY Center for Board Matters leader, facilitated. Joining the conversation were Steve Howe, EY Americas Managing Partner, and Karyn Twaronite, EY Global Diversity & Inclusiveness Officer. Our EY Center for Board Matters is on the verge of entering into an exciting new global sponsorship with Bloomberg Media that will amplify the Centers brand around the world as well as with board and audit committee members.

    What is job #1 for boards?

    How can boards best evaluate their performance?

    What is the role of the board in meeting such digital threats as cybersecurity?

    Why should diversity and inclusiveness remain top of mind?

    What is the best advice for someone who is considering participation on a board?

    Mark Manoff Karyn TwaroniteSteve Howe

    words: Anne Lampert, Jay Seither photos: Jonathan Gayman


  • Building better boards

    Betsy Rafael Barbara StymiestOlivia Kirtley

    Strategy must take center stage in the boardroom, our alumnae agree. Barbara Stymiest, former CEO of the Toronto Stock Exchange and a long-time board member at BlackBerry, stresses the importance of strategy, which she describes as both the biggest challenge for management and the board to get right and essential to survival: If you dont make the right choices, youre not around. If you dont transform, you dont


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