in this issue

President’s Letter

From KPMG LLP

KPMG Research Shows CFO Turnover Aligns with Organizational Strategy

Chapter Events:

n Summer Professional Development Series

n 2009-10 Chapter Meetings

Dallas Leaders Welcome
Summit ‘09

FEI Technical Committees Update

Financial Executive magazine

Chapter Sponsors

chapter title sponsor

Summer 2009
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chapter event schedule
2008-2009

September 9
Chapter Meeting
4:00-5:45 Prof’l Development
5:30 Networking Reception
6:30-8:00 Dinner Program
Bent Tree Country Club

October 14
Chapter Meeting
4:00-5:45 Prof’l Development
5:30 Networking Reception
6:30-8:00 Dinner Program
Bent Tree Country Club

November 12*
Chapter Meeting
4:00-5:45 Prof’l Development
5:30 Networking Reception
6:30-8:00 Dinner Program
Bent Tree Country Club

December 2*
Chapter Meeting
4:00-5:45 Prof’l Development
5:30 Networking Reception
6:30-8:00 Dinner Program
Bent Tree Country Club

January 13*
Chapter Meeting
4:00-5:45 Prof’l Development
5:30 Networking Reception
6:30-8:00 Dinner Program
Tower Club

February 14
Winter Social
Cocktail Party
Spouses/dates included
Crescent Club

March 10
Chapter Meeting
4:00-5:45 Prof’l Development
5:30 Networking Reception
6:30-8:00 Dinner Program
Bent Tree Country Club

April 14
Chapter Meeting
4:00-5:45 Prof’l Development
5:30 Networking Reception
6:30-8:00 Dinner Program
Bent Tree Country Club

May 13
Golf Outing
Castle Hills Golf Club

*Indicates departure from typical meeting date or location

 

chapter leaders

Officers:

President
David J. Springate
School of Management
The University of Texas
at Dallas
972-883-2647
spring8@utdallas.edu

First Vice President
Lisbeth McNabb
w2wlink.com
214-365-1953
lisbeth.mcnabb@w2wlink.com

Second Vice President
Kathryn McBride
Marvin F. Poer & Company
972-770-1134
kathrynmcbride@mfpoer.com

Secretary
Mark C. Freund
The North Highland Company
972-233-1015
mfreund@northhighland.com

Treasurer
Derek B. Claybrook
Sammons Corporation
214-210-5000
dclaybrook@sammonscorp.com

 

Committee Chairs:

Arrangements
Darin Patrizi
Pepsico National Sales
972-334-2314
darin.patrizi1@fritolay.com

Career Services
Robert M. Walker
Morgan Stanley
469-232-6224
robert.walker@morganstanley.com

External Relations & Publicity
James B. Strand
Avnet, Inc.
214-343-5855
jim.strand@avnet.com

Membership
Eric B. Holleman
Conexus SG
972-455-9270
eholleman@conexussg.com

Member Outreach
Renee J. Hornbaker
Shared Technologies Inc.
972-462-5844
renee.hornbaker@
sharedtechnologies.com

Member Retention
Peggy Bernard
Trinity Industries, Inc.
214-589-8149
peggy.bernard@trin.net

Professional Development
Rebecca Boren
KPMG LLP
214-840-2534
rboren@kpmg.com

Programs
Stephen V. Long
ALON USA
972-849-4025
slong10675@att.net

Special Events
Thomas C. Hook
Lockton Companies
of Dallas, LLC

214-720-3489
thook@lockton.com

Sponsorship
Eric Logan
Eagle Golf.
214-722-6004
elogan@eaglegolf.com

 

Executive Committee:

Paul Mason
Fujitsu Transaction Solutions
972-479-6503
paul.mason@us.fujitsu.com

Gina A. Norris
Crow Holdings
214-661-8097
gnorris@crowholdings.com

William H. Baxley, III
Freeman
214-445-1130
bill.baxley@freemanco.com

 

Director at Large:

Terry L. Beneke
Antares Capital Management

972-455-2807
tbeneke@antarescapitalmgmt.com

 

Other Directors:

National Liaison
Richard J. Rosebery
ElkCorp (R)
972-407-1709
richardrosebery@aol.com

CFO Roundtable
Constantine Konstans
University of Texas at Dallas
972-883-6345
konstans@utdallas.edu

 

chapter administrator

Jackie Dunn
469-241-0079
214-291-5563 fax
admin@feidallas.org

The spring months were great for our chapter.  Early in May the FEI Summit was held in Grapevine at the Gaylord Texan.  Dallas Chapter member Dick Rosebery served as Summit ‘09 Chair and a number of chapter officers and members were able to attend the informative sessions.  It is apparent that under the new leadership of Marie Hollein as President of FEI, there will be increased administrative support for chapters and increased learning opportunity for individuals.  It is up to us to help shape these changes.  As one example, I have been asked to serve on an IT Task Force involving both FEI National and the chapters.  Please stay in touch if you have suggestions as to how we can improve the membership experience in this area.  Further good news at the Summit:  the Dallas Chapter was recognized as the Outstanding Large Chapter for Membership Development.  We produced positive growth this year; apparently other chapters experienced reductions in membership.

 

At the April meeting, the chapter elected a new state of officers.  Congratulations to Kathryn McBride, incoming president, and to Lisbeth McNabb (First VP), Renee Hornbaker (Second VP), Derek Claybrook (Secretary), and Chris Loy (Treasurer).  David Palmlund is now serving as Area Director at Large.  I wish the

Continued

David Springate
Chapter President
2008-2009

From KPMG

KPMG Research Shows CFO Turnover
Aligns with Organizational Strategy

By Don Mailliard , KPMG LLP

 

As the global economy experiences a period of unprecedented change, new research from KPMG LLP demonstrates that companies are moving toward CFOs whose skills align with their corporate strategy. In fact, the research indicates that companies bring in new CFOs based on the corporation’s immediate needs—a move designed to help them successfully execute on their current strategy and, therefore, improve performance, particularly during challenging times.

 

Understanding the evolution of the CFO role could help management to choose the right executive for the current needs of the business as well as cultivate future leaders with the diverse capabilities the company likely will be seeking later—especially amid ongoing market volatility and uncertainty. Once, boards instinctively focused their search on a “seasoned CFO”; now they may want to recruit from other areas of the organization as well as finance.

 

According to KPMG’s research, CFOs often develop one of several distinct skill sets that are typically aligned with certain corporate strategic priorities—growth, business transformation, or cost cutting, for example. As companies’ strategies change, so, too, do their CFOs.

Continued

Don Mailliard

KPMG LLP

We wish to thank the following sponsors who have contributed greatly to our chapter.  Members are encouraged to consider doing business with these firms if you have a need for their services. 

 

Both chapter and golf tournament sponsorships are available.  Contact Eric Logan (214-722-6004) or Keith Krzeminski (972-987-2376) for more information.

Sincere Thanks to Our Chapter Sponsors

By Mark Freund, The North Highland Company, Dallas Chapter Secretary

 

Summit 2009 – Navigating New Realities: Financial Leadership for Challenging Times – was held at the Gaylord Texan Resort and Convention Center on May 4-5.  FEI’s annual national conference was a well organized and attended event, with special Texas flavor and flair, as leaders and members came to town from all over the country for this important learning and networking opportunity.

 

Of special note for the Dallas Chapter was that our own Dick Rosebery, as Chair of Summit ‘09, opened the conference and welcomed delegates from every chapter of the national FEI organization.  With leadership as the key theme, Dick and his team had thoughtfully assembled diverse panels and speakers with pioneering keynote addresses to provide attendees with tools needed to thrive within the finance profession.  Dick was assisted in this endeavor by Gina Norris of Dallas and Jim Swain of Fort Worth as Summit Planning Committee members.  Hats off to these local members of the Summit leadership for their achievement!!

 

The Summit featured three specialized learning tracks focusing on Corporate Finance for Private Companies; Executive Leadership & Development and Finance and Information Technology.  These tracks followed a connected thread through the two-day session and provided targeted learning opportunities.  The planned speaking events were supplemented with an Exhibit Hall featuring new ideas and options from our committed sponsors and ample space and opportunity for networking.

 

The Dallas Chapter was well represented with the past, current and future presidents of FEI Dallas in attendance throughout the entire event.  David Palmlund, Paul Mason, David Springate, and Kathryn McBride, along with many other chapter leaders and members helped Dick to support the conference from a host region perspective.  The Summit also provided many of our leaders and members with their first opportunity to participate in the national conference and to take advantage of leadership training and networking which took place on Sunday before the official opening of the conference.

Our local talent was also on prominent display during the Day Two afternoon panel discussion View from the C-Suite – Navigating New Realities moderated by Zanny Minton-Beddoes, U.S. Economics Editor for The Economist.  This interactive roundtable brought together industry leaders from telecommunications, energy and transportation to discuss top-down perspectives and insights on steering their companies and teams through the uncertain currents of today’s domestic and global economy.  Featured panelists were Dallas Chapter members Richard G. Lindner, CFO of AT&T; Patrick Mulva, Controller of ExxonMobil and Laura Wright, CFO of Southwest Airlines.

 

The FEI national Summit was a wonderful opportunity to learn more about our amazing professional organization which provides so many diverse benefits to its membership.  We strongly recommend attendance at the national Summit as way to learn more about all that makes up FEI and its many aspects, and to see first-hand the national perspective (FERF, technical committees, archived library resources, cross-chapter leadership groups) which add energy, information and broader scope to our local efforts.

 

If you have more interest in the program, materials or attendees from the recent Summit, please contact Jackie Dunn, our local chapter administrator.   Jackie, who worked tirelessly side-by-side with the FEI national staff in handling planning and logistics during the three-day event, can provide you with more information as well as guidance on reserving your spot at the next FEI Summit at Caesar’s Palace in Las Vegas on April 26-27, 2010.

Dallas Leaders Welcome Summit ‘09

Joe DiLorenzo, FEI Chairman; Dick Rosebery, Summit Chair; David Springate, Chapter President 2008-9; Marie Hollein, FEI President (in front); Chris Loy, incoming Chapter Treasurer; Paul Mason, Chapter Director; Kathryn McBride, incoming Chapter President; Mark Freund, Chapter Secretary 2008-9.

Summit Chair Dick Rosebery welcomes attendees.

Area Director David Palmlund visits with a colleague.

Membership Chair Eric Holleman accepts the Membership Development Award for large chapters from Marie Hollein, FEI President, and Joe DiLorenzo, FEI Chairman of the Board.

Chapter members check in at the Gaylord’s attractive conference center.

FEI Technical Committees Update

FEI:  The Voice of Corporate Finance

Click here for updates on FEI Technical Committees:

 

n Committee on Corporate Reporting (CCR)

n Committee on Private Companies (CPC)

n Committee on Benefits Finance (CBF)

n Committee on Finance and Information Technology (CFIT)

n Committee on Government Business (CGB)

n Committee on Taxation (COT)

n Government Affairs and Public Policy

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Summer Professional Development Series

The Dallas Chapter schedules extra professional development sessions over the summer break to help members stay plugged in and provide additional CPE credits to those who need them.  This year we have increased our summer programs to three instead of our usual two.  Each program offers 2 CPE credits.  An additional bonus to chapter members is that you can invite your financial staff at no additional charge.  Advance registration is required for all programs, and we request 48 hours notice of cancellation.

 

The first of our three summer sessions on June 19 was hosted by UTD’s Executive Education Dept. Chapter President David Springate and Harry Gray, SSG Partners, presented “The Effect of the Financial Crisis and Economic Downturn on DFW-Area Businesses.”  As has been our trend throughout the year, this program brought out the highest attendance ever at a summer PD program.  Thank you Dr. Springate and Mr. Gray for an excellent kick-off to our summer professional development series.

 

The 2nd of the three summer programs will be a breakfast session on July 30 at SMU’s Cox School of Business, look for more information in the very near future.  A third program is planned for August but date, location and topic are still being determined.

 

2009-10 Chapter Meetings

Dallas Chapter meetings are typically held on 2nd Tuesdays during the chapter year (September to May).  There will be some exceptions; look for more information on the meeting schedule later this summer.  The primary venue for monthly meetings will continue to be Bent Tree Country Club in North Dallas but as has been our custom in the past, a couple of meetings will be held at alternate venues.  In fact, the first meeting of year is on Sept. 8, the day after Labor Day, and Bent Tree is closed so our chapter meeting will be at the Marriott Quorum by the Galleria instead. 

 

September 8, 2009

4:30 pmProfessional Development Session (2 CPEs)

5:30 pm–Cocktails/Networking

6:30 pm–Dinner Program (1 CPE)

 

Dinner program presented by

John Mauldin

Recognized Financial Expert and Best-Selling Author

www.johnmauldin.com

 

Marriott Quorum by the Galleria

14901 Dallas Parkway

Dallas, TX  75254

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