10th annual mit sloan cfo summit
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It is with a mixture of pride and disbelief that we welcome
you to the 10th annual MIT Sloan CFO Summit. When we
first organized this conference in 2003, we had no idea
it would play such an important part in the careers of so
many chief financial officers. Ten years later, the Summit
continues to grow, and continues to impact a larger and
more diverse group of business leaders.
The challenges of organizing an excellent conference year
after year inspired the theme for today’s event: Sustained
Excellence. This last business cycle has been one of the
most fast-paced and dynamic in history. We have all
witnessed many, many organizations that experienced
meteoric periods of growth, but were not built for sustained
excellence. How many companies from the last decade
once appeared ready to dominate the world, and either no
longer exist, or survive in a way far below their perceived
original potential? Companies that want to thrive in today’s
world have to plan and execute for the long run. Sustained
excellence requires a commitment to the long-term, a
financial strategy steeped in the fundamentals that allows
for flexibility in a rapidly changing environment, a culture
that encourages calculated risks and has a tolerance for
failure, and a realistic understanding of the global market
and your firm’s position within it. Amongst all senior
executives, the CFO is the most well-positioned to impact
these areas. We are confident today’s programs and
speakers will help you to respond to the challenges that
you will face.
10TH ANNUAL
MIT SLOAN CFO SUMMIT
November 15, 2012
SUSTAINED XCELLENCE
Dear Friends,
The MIT Sloan Alumni Club of Boston
thanks the sponsors who have helped
make this event possible:
Silver
Networking
Media
Gold
Sponsors
John Allwein
Chris Beck
Rimi Chakraborty MBA ’10
Lara Chilton
Steve Drew
Joe Falcao
Ben Frenkel, MBA ’09
Eileen Glovsky, SM ’91
Jackie Barry Hamilton
Melissa Herman
Lisa Jones
Beth Kurth
Janine LeBlanc
Paul Ryan
Eric Sockol
Kathleen Tetrault
Deike Diers MBA ’13
Grace Zhou MBA ’13
On the subject of speakers, this is quite possibly the
greatest collection of financial talent ever to speak
at one conference. For the second year in a row, we
welcome a Nobel Prize Winner, Professor Peter Diamond.
Our luncheon speaker is the CEO from one of the most
important humanitarian organizations in the world, the
American Red Cross. And speaking of sustained excellence,
is there a more iconic company than General Electric? Its
CFO will be our closing speaker today. Our keynotes will be
supported by chief financial officers from a diverse range
of industries, geographies, and sizes, as well as MIT Sloan
faculty, entrepreneurs and other thought leaders. As we say
in Boston, “A lot of wicked smart people are here today.”
The MIT Sloan Alumni Club remains an all-volunteer
organization, and we cannot have this conference without
the talents and energy of our team of volunteers. Many
members of this team have worked on the conference since
inception. Their names are to the right. When you see them
during the course of the day, please let them know how
much you appreciate their efforts.
We are fortunate to have a great group of sponsors as
well. As the CFO Summit’s reputation has expanded,
many outstanding organizations wish to be involved. This
enables us to partner with the best thought leaders in
their respective industries. Without the financial support
and intellectual contributions, we could not bring you this
conference every year. So, please join me in thanking our
The success of this Summit is a direct
result of the tireless dedication of the
following people:
gold level sponsors, Oracle and the Silicon Valley Bank,
as well as our silver level sponsors, HR Knowledge, Nair &
Company, NetSuite and Robert Half. Our other sponsors
include the Association for Financial Professionals,
Corporate Reimbursement Services, MIT Sloan Executive
Education and T3 Advisors.
There are two firms that merit a special note of thanks,
because they make the largest contribution of all to this
conference: Credit Suisse and KPMG. Our employers
not only epitomize sustained excellence, but also they
share a deep-rooted support for the CFO community and
this conference in particular. Thank-you does not seem
adequate…but it’s all we have!
Today is a year—really ten years—in the making. We are
aware how valuable a CFO’s time is, and this is why we have
worked so hard to make this day a worthwhile endeavor. We
hope the MIT Sloan CFO Summit is the best program you
attend this year.
Jeremy SeidmanMBA ’03
Co-Chair, MIT Sloan CFO Summit
Jack McculloughMBA ’97
Co-Chair, MIT Sloan CFO Summit
Organizing Committee
8:40 am — 9:15 am
MORNING KEYNOTE
Unemployment and the Federal Deficit
GRAND BALLROOM
PETER DIAMOND Nobel LaureateProfessor, MIT Sloan School of Management
9:15 am — 10:30 am
KEYNOTE PANEL
Achieving Sustained Excellence
GRAND BALLROOM
CAROL MASSARAnchor, Bloomberg Television & Radio
MORAy DEwHuRSTCFO, NextEra Energy
NICHOLAS FANANDAKISExecutive VP & CFO, Dupont
CHRIS KREIDLERCFO, Sysco
DEBORAH THOMASCFO, Hasbro
M
10:30 am — 11:00 am
Coffee Break & NetworkingSPONSORED BY T3 ADvISORS
7:15 am — 8:00 am
Registration and Continental Breakfast
GRAND BALLROOM FOYER
8:00 am — 8:40 am
OPENING REMARKS:
Welcome to the MIT Sloan CFO Summit
GRAND BALLROOM
JACK MCCuLLOuGH & JEREMy SEIDMAN
Co-Chairs, MIT Sloan CFO Summit
11:00 am — 12:00 pm
TRACK 1:
To Acquire, To PerspireGRAND BALLROOM
BRIAN GRIFFITHSManaging Director, Credit Suisse
JEAN BuACFO, NetScout
EDuARDO CORDEIROExecutive VP & CFO, Cabot Corp
JOHN KENNyDirector, ZipCar
JOHN LEAHyCFO, iRobot
TRACK 2:
The Strategic CFO: Fact or Fiction?SALONS FGH
wILLIAM HuyETTDirector, McKinsey
DONALD ALLAN, JR.Senior VP & CFO, Stanley Black & Decker
RICHARD GAyNORCorporate VP & CFO, GT Advanced Technologies
VICTORIA HARKERCFO, Gannett
CHERyL MCDOwELLVP Finance & Business Operations for Latin America, Oracle
12:00 pm — 1:30 pm
LUNCHEON KEYNOTE
The American Red Cross: Turnaround and Transformation
GRAND BALLROOM
GREGG DARISH Introductory SpeakerFounder & CEO, Corporate Reimbursement Services
GAIL MCGOVERNPresident & CEO, American Red Cross
M
M
AGENDA
ModeratorM
1:30 pm — 2:30 pm
TRACK 1:
The How, When & Why of Raising Capital
GRAND BALLROOM
ROBERT CuRLEyManaging Director of Corporate Finance, Silicon Valley Bank
wILLIAM ARENDTCFO, Avail-TVN
SCOTT DuSSAuLTExecutive VP & CFO, Demandware
MATT NICHOLSCFO, Gemvara
MICHAEL SKOKPartner, North Bridge Venture Partners
TRACK 2:
The Yin & Yang of the CEO-CFO Relationship
SALONS FGH
BILL DRISCOLLRobert Half International
DARLENE DEPTuLA-HICKSCFO, Microline Surgical
PATRICK MORLEyPresident & CEO, Bit9
GORDON POTHIERCFO, Bit9
CHARLES wAGNER, JR.Executive VP & CFO, Bruker Corporation
M
M
2:30 pm — 3:00 pm
Coffee Break & NetworkingSPONSORED BY T3 ADvISORS
4:30 pm — 6:30 pm
Cocktail ReceptionGRAND BALLROOM FOYER
SPONSORED BY ASSOCIATION FOR FINANCIAL PROFESSIONALS
11:00 am — 12:00 pm
TRACK 1:
To Acquire, To PerspireGRAND BALLROOM
BRIAN GRIFFITHSManaging Director, Credit Suisse
JEAN BuACFO, NetScout
EDuARDO CORDEIROExecutive VP & CFO, Cabot Corp
JOHN KENNyDirector, ZipCar
JOHN LEAHyCFO, iRobot
TRACK 2:
The Strategic CFO: Fact or Fiction?SALONS FGH
wILLIAM HuyETTDirector, McKinsey
DONALD ALLAN, JR.Senior VP & CFO, Stanley Black & Decker
RICHARD GAyNORCorporate VP & CFO, GT Advanced Technologies
VICTORIA HARKERCFO, Gannett
CHERyL MCDOwELLVP Finance & Business Operations for Latin America, Oracle
12:00 pm — 1:30 pm
LUNCHEON KEYNOTE
The American Red Cross: Turnaround and Transformation
GRAND BALLROOM
GREGG DARISH Introductory SpeakerFounder & CEO, Corporate Reimbursement Services
GAIL MCGOVERNPresident & CEO, American Red Cross
M
M
3:00 pm — 4:00 pm
TRACK 1:
Big Data, Big DealGRAND BALLROOM
ANDy PALMERDirector, CloudSwitch
JuSTIN BORGMANCEO & Co-Founder, Hadapt
RON GILLCFO, NetSuite
JEANNE JOHNSONPrincipal, Business Intelligence, KPMG
TRACK 2:
Healthcare: The Biggest Cost You Should Control
SALONS FGH
RETSEF LEVIProfessor, MIT Sloan School of Management
MICHAEL AZARELAExecutive VP & CFO, Suffolk Construction
JEFF GARRCEO, HR Knowledge
JAMES ROOSEVELTPresident & CEO, Tufts Health Plan
RADHIKA SAMANTCFO & Controller, EnterpriseDB
4:00 pm — 4:30 pm
AFTERNOON KEYNOTE
Sustaining Excellence Through CrisisGRAND BALLROOM
PETER HIRST Introductory SpeakerExecutive Director of MIT Sloan Executive Education
MATTHEw QuINNDeputy Editor, CFO Journal
KEITH SHERINVice Chairman & CFO, General Electric
M
M
Welcome to the MIT Sloan CFO
Summit
SUSTAINED XCELLENCE
Jeremy SeidmanMBA ’03
Co-Chair, MIT Sloan CFO Summit
Jack McculloughMBA ’97
Co-Chair, MIT Sloan CFO Summit
Jeremy Seidman is a private banker for Credit Suisse,
the second largest wealth manager in the world. Jeremy
utilizes the firm’s global expertise to advise high net
worth families, executives, and foundations. Jeremy serves
on Credit Suisse’s Advisory Counsel for Excellence, a
14-person leadership team in Private Banking Americas. He
joined the firm in December 2005 after serving in a similar
capacity with Lehman Brothers.
Jeremy graduated cum laude from the University of
Pennsylvania with degrees in Economics and Engineering,
and received his MBA in Financial Management from the
MIT Sloan School of Management. As a founding member
of the CFO Summit, Jeremy has always been active in the
community, and serves on a number of boards including
those at MIT Sloan and the Boston Scholars Program.
Jeremy, his wife Lorin, son Asher, and daughter Romy live
in Wellesley, and vow to Jeremy that they will be lifelong
Yankees fans while in Red Sox Nation.
Jack McCullough is a client relations director for KPMG
LLP, the audit, tax and advisory firm. He has spent most
of his career as a chief financial officer, and served as a
permanent or interim chief financial officer for more than
20 companies, where he raised more than $200 million in
external financing. He uses the skills acquired as a financial
executive to serve KPMG’s clients.
Jack is frequently contacted by members of the media
for his insights into business and strategic issues, and has
been quoted by the Wall Street Journal, CFO Magazine,
Treasury and Risk Management, the Boston Business
Journal, and Business Finance Magazine. He has also
been interviewed by Bloomberg, CNN, and Fox Business
Network.
He holds an MBA from the MIT Sloan School of
Management, serves on the board of the MIT Sloan
Alumni Club of Boston, and is one of the founders of this
conference. He is the founder and president of the CFO
RoundTable, a networking and educational forum to senior
financial executives. He lives in North Andover with his wife
Beth, and sons Devon and Hunter.
8:00 am — 8:40 am GRAND BALLROOM
Section TitleOpening Remarks
Unemployment and the Federal Deficit Peter Diamond is an Institute Professor Emeritus at MIT where he
taught from 1966 to 2011. He was one of the three winners of the 2010
economics prize in memory of Alfred Nobel, for his work on job search
and unemployment. He is also known for his work in optimal taxation
and his overlapping-generations macroeconomic model, which was
built for analyzing the effects of the public debt on the economy.
His books include Saving Social Security: A Balanced Approach (with
Peter R. Orszag), Reforming Pensions: Principles and Policy Choices
and Pension Reform: A Short Guide (both with Nicholas Barr), and
Behavioral Economics and Its Applications (edited with Hannu
Vartiainen).
His recent papers include The Mirrlees Review chapter “The Tax Base,”
(with James. Banks), “Capital Income Taxes with Heterogeneous
Discount Rates” (with Johannes Spinnewijn, American Economic
Journal: Economic Policy), “The Case for a Progressive Tax: From Basic
Research to Policy Recommendations” (with Emmanuel Saez, Journal
of Economic Perspectives) and “Unemployment, Vacancies, Wages”
(the Nobel lecture, in the American Economic Review). He was a
Member of the 2009 Special Commission to Study the Massachusetts
Contributory Retirement Systems. His recent report is Pension Reform
in China: Issues, Options and Recommendations (with Nicholas Barr).
He has been President of the American Economic Association, of the
Econometric Society, and of the National Academy of Social Insurance.
Nobel Laureate
Peter DiamonDProfessor, MIT Sloan School of Management
Section Title
8:40 am — 9:15 am GRAND BALLROOM
Morning Keynote
Achieving sustained excellence is amongst the
most vexing challenges and critical needs for
organizations of all sizes. Research conducted at
the MIT suggests that the most critical components
of achieving sustained excellence involve providing
consistent leadership, empowering individuals, and
focusing on long-term planning. Amongst all senior
executives, the CFO is uniquely positioned to enable
the organization to excel in these areas:
Leadership: Demanding high ethical standards,
providing clear and forthright communications, and
winning in a competitive landscape.
Empowerment: Creating and fostering a true
learning organization, developing a culture that
rewards employees for taking calculated risks, and
holding all parties accountable for execution.
Planning: Developing the flexibility to react to
unforeseen and volatile events, balancing the
achievement of short-term milestones with the
execution of long-term strategy, and growing the
financial infrastructure that supports the overall
strategic plan.
Achieving Sustained
Excellence
SUSTAINED XCELLENCE
Moray DewhurstCFO, NextEra Energy
Nicholas FaNaNdakisExecutive VP & CFO, Dupont
Moray P. Dewhurst is Vice Chairman and Chief Financial
Officer of NextEra Energy, Inc. (NYSE: NEE), one of the
nation’s leading electricity-related services companies and
the largest renewable energy generator in North America.
Mr. Dewhurst was named to his current role in October
2011. He previously served as Vice Chairman and Chief
Of Staff from 2009 to 2011 and served as Chief Financial
Officer from 2001 to 2008.
He has served on the boards of NEIL, the nuclear industry’s
mutual insurance company, and the Florida Chamber of
Commerce.
Mr. Dewhurst previously served as an officer, director and
member of the executive committee of Dean & Company,
a management consulting and investment firm that he co-
founded in 1993.
Mr. Dewhurst has a Bachelor of Science degree in naval
architecture and marine engineering from Massachusetts
Institute of Technology and a Master of Science in
management from the MIT Sloan School of Management.
While at the Sloan School, he earned the Henry Ford II
Award for outstanding scholastic achievement.
NextEra Energy, Inc. is a leading clean energy company
with revenues of more than $15.3 billion, more than 41,000
megawatts of generating capacity, and approximately
15,000 employees in 24 states and Canada as of
year-end 2011.
Nicholas C. Fanandakis is Executive Vice President and
Chief Financial Officer. He joined DuPont in 1979 as an
accounting and business analyst in the Petrochemicals
Department in Wilmington, DE.
Over the next several years, Mr. Fanandakis served in a
variety of plant, marketing, and product management
positions within Petrochemicals, Chemicals and Pigments,
and Specialty Chemicals. He also spent about six years in
the Fluorochemicals business. In 1993, he was appointed
regional manager in Specialty Chemicals. In 1995, he was
appointed Business Manager, Safety and Environmental
Management Services. In January 1997, he was appointed
to the position of Global Business And Operations
Manager, Peroxygens.
In October 1999, Mr. Fanandakis was appointed to the
position of Business Director, Industrials, with responsibility
for the Industrial Solutions market space, which includes
Acrylonitrile, Anchorage Systems, Aniline, Aramid
Intermediates, Cyanides, Dimethyl Sulfate, Methylamines,
Reactive Metals, Refinery, Secure Environmental Treatment,
and DuPont™ Vazo® Free Radical Initiators. He was named
Vice President and General Manager, DuPont Chemical
Solutions Enterprise in September 2003. In February 2007
he was named Vice President, Corporate Plans. In January
2008 he was named group Vice President, DuPont Applied
BioSciences. He was named to his current position in
November 2009.
Mr. Fanandakis obtained BA Accounting and MBA Business
Administration degrees from Northeastern University
(1979) and Grand Valley State College (1984).
Keynote Panel
9:15 am — 10:30 am GRAND BALLROOM
Chris KreidlerCFO, Sysco
Deborah ThomasCFO, Hasbro
Carol MassarAnchor, Bloomberg Television & Radio
Chris has been the Chief Financial Officer and Executive
Vice President of Sysco Corp. since October 5, 2009.
Prior to joining Sysco in 2009, Mr. Kreidler served as
Chief Financial Officer and Executive Vice President of
C&S Wholesale Grocers, a privately-held food wholesaler
from February 2007 to March 2009. He served as Senior
Vice President of Corporate Strategy of Yum! Brands
Inc. and served as its Treasurer from December 2003
to February 2007. Mr. Kreidler also served as a Senior
Finance Executive at Yum! Brands, Inc. He joined PepsiCo’s
predecessor in 1996 and progressed through increasingly
responsible finance roles, culminating in his position as
senior vice president, corporate strategy and treasurer, in
which he had global responsibility for strategy, treasury,
M&A, and risk management.
Prior to joining Yum!, he worked in various investment
and finance roles including seven years as an investment
banker at Dallas-based Mesa Limited Partnership. Mr.
Kreidler earned an undergraduate degree and an MBA
from Rice University.
Deborah Thomas leads Hasbro’s global financial
operations, including accounting and control, business
planning and analysis, internal audit, treasury, tax, investor
relations and other key financial disciplines.
Prior to her appointment in 2009 as Hasbro’s CFO, Ms.
Thomas served as Senior Vice President and Head of
Corporate Finance for Hasbro. Ms. Thomas also served as
the Company’s Corporate Controller and has held positions
of increasing responsibility since joining Hasbro’s Finance
Department in 1998.
Ms. Thomas has participated in the due diligence and
acquisition teams for almost every major acquisition
Hasbro has made. In addition to her role in corporate
finance, Ms. Thomas is an active member of Hasbro’s
Global Information Systems Steering Committee.
Prior to joining Hasbro, Ms. Thomas held Assurance
positions at KPMG Peat Marwick, LLP from 1986 through
1998, in the United States and in the United Kingdom.
Ms. Thomas is a member of the Board of Directors of the
Rhode Island Public Expenditure Council, and also serves
on the President’s Advisory Council of Providence College.
She is a member of the AICPA, the Rhode Island Society
of CPA’s, and has advised on occasion to the Members in
Industry sub-committee of the AICPA. She also sits on the
Board of the Rhode Island Airport Corporation.
In 2010, Ms. Thomas was named the 2010 Citizen of the
Year by the March of Dimes Rhode Island’s Board of
Directors, in recognition for her work to advance the March
of Dimes’ mission of improving infant health.
Ms. Thomas has a BS from Providence College, and is a CPA.
Carol Massar is a national correspondent for Bloomberg
Television and the co-host of “Bloomberg on the Economy”
on Bloomberg Radio. Massar provides in-depth coverage
and analysis of major economic and business issues across
Bloomberg’s media platforms, including reporting on-
location about new business start-ups, corporate trends
and changes in the U.S. marketplace.
An award-winning journalist with over 15 years of
experience, Massar joined Bloomberg Television in 1999.
During her time at Bloomberg, Massar has reported from
around the globe including covering the World Economic
Forum in India, the Business Council, the New York Stock
Exchange and NASDAQ. She has also interviewed top
leaders in business, economics and government including
Coca-Cola CEO Muhtar Kent, former Time Warner CEO
Dick Parsons, General Electric CEO Jeffrey Immelt, venture
capitalist Vinod Khosla and economists Joseph Stiglitz and
Nouriel Roubini. In 2006, Massar anchored “The Ethanol
Fix—Breaking America’s Addiction to Oil,” which won
numerous awards including the National Gracie Award
from the American Women in Radio and Television.
Massar began her career as a producer at the Financial
News Network. She later served as a producer, reporter
and anchor for Dow Jones Television which aired in the
U.S., Asia and Europe. Massar was also a correspondent
for “The Asian Wall Street Journal Report” and “The Wall
Street Journal Report” produced by Dow Jones and later
by CNBC.
Massar earned a degree in economics from Barnard
College/Columbia University, where she also delivered
business news over Columbia’s radio waves.
9:15 am —
10:30
am
GR
AN
D B
AL
LR
OO
M
Moderator
Join us for a fascinating discussion with Gail McGovern, the
President and CEO of the American Red Cross. Since joining
the Red Cross, Gail has helped to transform this 131-year old
American institution into a 21st century emergency response
and blood services organization.
Our keynote speaker will be introduced by Gregg Darish of
Corporate Reimbursement Services, Inc. (CRS), which designs
and administers vehicle reimbursement programs and expense
management solutions for companies with mobile employees.
The American Red Cross:
Turnaround and Transformation
SUSTAINED XCELLENCE
GreGG DarishFounder and CEO, Corporate Reimbursement Services
Gail McGovernPresident & CEO, American Red Cross
Gregg Darish is Founder and CEO of Corporate
Reimbursement Services, Inc. (CRS), an innovative and
award-winning company providing software-as-a-service
(SaaS) solutions for companies with mobile employees.
CRS delivers significant cost savings, reduced risk
and liability, and increased efficiency, by transitioning
companies away from a company-provided fleet
program to a fully-automated, tax-free, fair and accurate
reimbursement program. These programs integrate vehicle
reimbursement with expense management, mileage
tracking, route optimization, and time management
solutions across multiple industries.
Gregg is a dynamic entrepreneur, nationally recognized
as an expert on IRS tax codes and accounting regulations
related to vehicle reimbursement. Previously Gregg
held positions at Forrester Research, providing strategic
guidance to senior executives at Global 1000 client
companies. His expertise enabled his clients to leverage
technological change to penetrate new markets, identify
new revenue opportunities, and increase efficiencies.
CRS was recently presented with the prestigious 2012
SBANE Innovation Award, recognizing “potential
game-changers in their markets” and significant
technological achievement. Additionally, CRS has been
awarded the 2012 Benchmark Portal Award, which
recognizes companies maintaining only the highest
standards for customer care via a highly efficient and
exceedingly effective customer service call center.
An active leader in business and non-profit roles, Gregg
is a board member of Young Presidents Organization and
on the board of several non-profit organizations. Gregg
attended Northeastern University where he majored in
Business Administration and minored in Entrepreneurship.
Gail J. McGovern joined the American Red Cross as
president and CEO in April 2008, and has taken a strong
leadership role at the nation’s leading emergency response
and blood services organization.
McGovern has invigorated the $3.3 billion organization
by leading efforts to achieve financial stability and
streamline Red Cross operations across the country. Under
her direction, the Red Cross eliminated its operating
deficit in 2009 and has since maintained a balanced
budget. McGovern has overseen the American Red Cross
response to multiple high-profile disasters, including the
Haiti earthquake, Japan earthquake and tsunami, and
the tornadoes, floods and wildfires that affected the
U.S. in 2011.
On March 10, 2011, she was appointed as one of 10
members on the President’s Management Advisory Board
and serves as the only nonprofit leader on this White
House panel.
Prior to joining the Red Cross, McGovern was a faculty
member at the Harvard Business School and served as
president of Fidelity Personal Investments. She was also
executive vice president for the Consumer Markets Division
at AT&T.
She earned a Bachelor of Arts degree from Johns
Hopkins University and an MBA from Columbia University,
McGovern is currently a member of the board of trustees
of Johns Hopkins University and the board of directors of
DTE Energy.
McGovern was recognized by Fortune magazine in 2000
and 2001 as one of the top 50 most powerful women in
corporate America.
12:00 pm — 1:30 pm GRAND BALLROOM
Section TitleLuncheon Keynote
Our afternoon keynote features GE CFO Keith Sherin
in a “fireside chat” conversation with CFO Journal editor
Matthew Quinn.
The session will be introduced by Peter Hirst, the Executive
Director of MIT Sloan Executive Education.
Sustaining Excellence Through Crisis
Keith SherinVice Chairman & CFO, General Electric
Keith S. Sherin has been senior Vice President and GE’s
Chief Financial Officer since 1998. He was named Vice
Chairman in 2007.
Mr. Sherin first joined GE in 1981 through the GE Financial
Management Program in Medium Steam Turbine. After
three years he joined the Corporate Audit Staff where he
progressed to executive audit manager and later manager
of Programs and Planning.
Mr. Sherin was promoted to Manager of Finance for
Commercial Engine Operations at GE Aircraft Engines in
early 1992, and the following year he was named Director
Of Finance for GE Plastics Europe in Bergen op Zoom,
the Netherlands.
In the fall of 1995, Mr. Sherin joined GE Medical Systems
as manager of Global Finance and Financial Services, and
less than a year later he was promoted to Vice President of
Finance and Financial Services Operation.
Mr. Sherin earned his B.A. from the University of Notre
Dame and an M.B.A. from Columbia University.
Matthew QuinnDeputy Editor, CFO Journal
Matthew Quinn is the Deputy Editor of CFO Journal, an
online edition of The Wall Street Journal for corporate-
finance professionals.
Since joining the Journal in 2011, he has led a team of
editors and reporters in launching this new website, as
well as a weekly feature in the print edition’s Marketplace
section. He oversees the Journal’s annual CFO
compensation survey and produced its first ever “Best
CFOs” list earlier this year.
Matt has covered banking, accounting and corporate cash
management, among other finance topics, as a reporter
and editor. He has won numerous awards, including a “Best
in Business” award from the Society of American Business
Editors and Writers for his article, “Inside Google’s $10
billion stash” and several team awards for coverage of the
corporate credit crunch.
Matt has written articles on companies including IBM,
General Motors, and Citigroup, among many others.
Prior to joining the Wall Street Journal, Matt held writing
and editing positions with Crain’s Financial Week, Inc., and
American Banker. Prior to journalism, he was a financial
analyst with Wenner Media, publisher of Rolling Stone,
Us Weekly and Men’s Journal. Matt earned his B.A. in
Economics from the College of the Holy Cross and M.A. in
Business Journalism from New York University.
Section Title
4:00 pm — 4:30 pm GRAND BALLROOM
Afternoon Keynote
Growth through acquisition has developed into
a mantra by many, whether as an offensive or
defensive means to meet a company’s growth
goals. But is it so bad to sweat out growth the old
fashioned way and just build it yourself?
This panel investigates the decision process
as to whether growth is best achieved through
acquisition or internal development. Topics
addressed will cover various growth goals
including regional expansion, additional product
lines and new sales channels. We will hear from
proponents of both acquisition and organic growth
strategies as the CFOs debate which approach
their company has opted for and why.
To Acquire, To Perspire
SUSTAINED XCELLENCE
Jean BuaCFO, NetScout
Eduardo CordEiroExecutive VP & CFO, Cabot Corp
Jean A. Bua has been NetScout’s Chief Financial Officer
since December 2011. Ms. Bua joined the company in
September 2010 as Chief Accounting Officer and Vice
President of Finance. Prior to joining NetScout, Ms.
Bua served as Executive Vice President of Finance and
Treasurer at American Tower Corp. During her tenure there,
she also held positions as Interim Chief Financial Officer
and Senior Vice-President, Finance. She joined American
Tower Corporation from Iron Mountain, Inc., where she
served as Senior Vice-President, Corporate Controller
and Chief Accounting Officer. Previously, she held senior
positions at Duracraft Corp. and Keithley Instruments. She
was a management consultant at Ernst & Young and an
auditor at KPMG. Ms. Bua earned her Bachelor of Science
in Business Administration, summa cum laude from Bryant
College and her Masters of Business Administration from
the University of Rhode Island. She is also a Certified
Public Accountant.
Eduardo Cordeiro is Executive Vice President and Chief
Financial Officer of Cabot Corporation.
Cabot (NYSE: CBT) is a global leading producer of
specialty chemicals and performance materials, with sales
of $3.1 billion in 2011. Founded in 1882, the Company is
based in Boston, Massachusetts, and has operations in
more than 20 countries.
In his current role, Mr. Cordeiro has oversight for all
financial functions, as well as information technology,
purchasing, and corporate communications. He also has
responsibility for the corporate strategy function for the
Company, as well as strategy development and portfolio
management. He is a member of the Company’s Executive
Committee.
Mr. Cordeiro joined Cabot in 1998 in the Corporate Planning
group and has held several senior management positions,
including Corporate Controller, Director of Investor
Relations, General Manager of Cabot’s Fumed Metal
Oxides business, General Manager of the Supermetals
business and has led the Superior MicroPowders business
development activities for the Company. Prior to becoming
CFO in 2009, he was Vice President of Corporate Strategy.
Prior to joining Cabot, he was a consultant with the Boston
Consulting Group.
Mr. Cordeiro is on the board of FMC Corporation, one
of the world’s foremost, diversified chemical companies
with leading positions in agricultural, industrial and
consumer markets.
Mr. Cordeiro earned his MBA from Harvard Business School
and a B.A. in Economics from Harvard University.
Track 1
11:00 am — 12:00 pm GRAND BALLROOM
John KennyDirector, ZipCar
John LeahyCFO, iRobot
Brian GriffithsManaging Director, Credit Suisse
John Kenny has served as a member of ZipCar’s Board
of Directors since 2010. He is also Managing Director
of New Day Capital, LLC, a private investment and
consulting firm he established in 2010. From 1991 to 2009,
Mr. Kenny served in a number of senior executive roles
for Iron Mountain Incorporated (NYSE: IRM), a provider
of information protection and storage services. He was
Executive Vice President and Chief Financial Officer of IRM
from 1997 to 2007 and also served as a director from 2000
to 2007. During his tenure, IRM grew from a domestic
private company with $30MM in revenue to an S&P 500
listed global enterprise with revenues exceeding $3B. As
CFO, he directed a financing and global expansion strategy
raising over $5 billion through 15 public offerings to fund
over 300 acquisitions and joint ventures.
Prior to IRM, Mr. Kenny was a Vice President in the
merchant banking arm of CS First Boston. Mr. Kenny
currently serves on the Boards of a number of private
companies and Zipcar (NASDAQ: ZIPv) where he sits
on the Audit Committee and Chairs the Compensation
Committee. He holds a BSME from The Massachusetts
Institute of Technology and an MBA from Harvard
Business School.
John Leahy has more than 25 years of extensive financial
experience at multi-national companies in technology and
consumer industries. Prior to joining iRobot, he served for
eight years as executive vice president and chief financial
officer at Keane Inc., a $950 million IT business consulting
and outsourcing services company. Previously, Leahy
worked at PepsiCo for 17 years, holding several executive
positions in finance and strategic planning in the United
States and abroad.
Leahy holds a bachelor’s degree in finance from Merrimack
College and a master’s degree in business administration
from Boston College.
Brian Griffiths is a Managing Director in the Investment
Banking division of Credit Suisse, based in New York. He
is Head of the Enterprise and Communication Systems
business within the Global Technology Group. Mr. Griffiths
was previously Co-head of the TMT Group and Head of
European Technology, based in London.
Mr. Griffiths joined Credit Suisse First Boston in September
2005 from Deutsche Bank, where he was a Managing
Director and Head of the European technology group for
four years. Prior to this, he was a Managing Director in the
Technology Group at Morgan Stanley, based in London
and New York.
Mr. Griffiths has twenty years of technology investment
banking experience. He has covered a broad array
of technology clients across all sub-sectors, and has
particular expertise in the communications infrastructure,
mobility, electronics and software sectors. His current
coverage includes companies in telecom equipment,
mobile communications, enterprise networking, security
and cloud infrastructure sectors.
He has advised on a number of landmark transactions
and has worked with leading companies such as Alcatei-
Lucent, ASML, Avaya, Ericsson, Gemalto, HP, lnfineon,
Intel, Kaspersky Lab, Nokia, Nokia Siemens Networks,
Nuance, NXP, Philips, Sage, SAP, Siemens, Tellabs, Texas
Instruments and Xerox. In addition, he has worked with
many of the leading financial sponsors and venture capital
firms in both the US and Europe.
Mr. Griffiths holds an MBA from Dartmouth College and a
B.A. from Tufts University.
11:00
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The Strategic CFO: Fact or Fiction?
Strategic leadership is an essential ingredient for success in
any organization. This is particularly true for the CFO and
Finance function in the current economic climate where having
a robust financial strategy is critical for sustaining long-term
organizational viability, a competitive advantage and insuring
adequate capital for future growth.
However, to what degree has this essential need been
undermined by the operational realities facing the CFO whose
attention is increasingly directed toward more technical
issues such as financial restatements, expanding accounting
complexities, regulatory compliance and responding to other,
often mundane non-strategic concerns?
This panel of experts will explore the myths and realities of the
strategic vs. technical CFO and how various stakeholders view
the pros and cons of each.
SUSTAINED XCELLENCE
DonalD allan, Jr.Senior VP & CFO, Stanley Black & Decker
RichaRd GaynoRCorporate VP & CFO, GT Advanced Technologies
Donald Allan Jr., Senior Vice President and Chief Financial
Officer for Stanley Black & Decker, Inc. was appointed to
the position in December 2008. Prior to this promotion,
Don served as Vice President, Corporate Controller for The
Stanley Works since November 2000 and was appointed
an executive officer of the company in 2006. Don is one
of the key Stanley Black & Decker executives instrumental
in driving the company’s overall transformation strategy.
The company’s transformation strategy has included 70+
acquisitions, including the merger with Black & Decker,
which combined with organic initiatives has resulted in
revenue growth from ~$2B in 2003 to ~$11B in 2012.
In his tenure as Vice President, Corporate Controller he
served as the Acting European CFO for two separate
periods totaling 18 months. He joined The Stanley Works
in March of 1999 as Director of Financial Reporting
and was promoted to Assistant Corporate Controller in
October of 1999.
Prior to joining The Stanley Works, Don held financial
management positions with Loctite Corporation, a leading
specialty chemical company from 1995 to 1999.
Don spent nine years at Ernst & Young and was promoted
several times and held the position of Audit Senior
Manager at the end of his tenure.
Don holds a bachelor’s degree in accounting from the
University of Hartford and is a Certified Public Accountant.
Mr. Richard Gaynor joined GT Advanced Technologies
(NASDAQ: GTAT) as Corporate Vice President &
Chief Financial Officer in March 2010. GT leverages its
core competencies in crystal growth and equipment
engineering to deliver industry-leading technologies to
lower the cost of manufacturing and produce high quality
advanced materials. Headquartered in Nashua, New
Hampshire, over 95% of GT’s revenues are derived from
Asian markets.
Mr. Gaynor is responsible for GT Advanced Technologies’
global accounting, finance and IT operations. He has also
been a leader in developing the company’s long-range plan
and M&A strategy. Through M&A activities the Company
has recently expanded its portfolio to enter new high
growth markets and diversify revenue streams beyond its
original alternative energy sector.
Prior to joining GT Advanced Technologies, Mr. Gaynor was
SVP & CFO of Sonus Networks, Inc., a leading Voice Over
IP equipment and software provider. Previously he held
senior level financial and operational positions at other
communications and technology firms.
Mr. Gaynor holds a Bachelor of Science Honors degree
in chemistry and biology from the National University of
Ireland and an MBA from Trinity College, Dublin, Ireland.
Track 2
11:00 am — 12:00 pm SALONS FGH
Victoria HarkerCFO, Gannett
William HuyettDirector, McKinsey
Victoria D. Harker was appointed Chief Financial
Officer (CFO) of Gannett Co. Inc. in July 2012, where
she is responsible for all financial functions and
operations worldwide.
Previously, Victoria was CFO and President of Global
Business Services of the AES Corporation, a multinational
power company with consolidated 2011 revenues of $17
billion and assets of $45 billion operating in 28 countries.
She joined AES in 2006 where she successfully led the
re-engineering of the company’s capital structure, financial
reporting, and controls environment, returning it to
Fortune #153 in 2008. In addition, Victoria serves on the
Board of Directors of Xylem, Inc. a $4 billion global water
infrastructure company, as Chair of the Audit Committee
as well as a member of the Nominating, Governance and
Compensation Committees. She also serves on the Finance
and Audit committees of the Board of Directors of Darden
Restaurants, Inc.
On July 3, 2012, Victoria was appointed by Governor
Robert F. McDonnell to the University of Virginia’s Board
of Visitors. She is trustee of the UVA Foundation’s $250M
Jefferson Trust. Victoria received her Bachelor of Arts
degree, majoring in English, with a concentration in
Economics, from the University of Virginia and a Master’s
degree in Business Administration, with a concentration in
Finance, from American University in Washington, DC she
lives in McLean, Virginia with her husband and three sons.
Cheryl McDowell is the VP Finance and Business
Operations for Latin America at Oracle Corporation with
responsibility for Business Finance, Engineered Systems
Program Management, Market Intelligence and Sales
Systems and Tools. Cheryl has been with Oracle for 14
years residing in Miami, FL. Cheryl was very involved in
the Oracle transformation including the migration of our
9 Latin America subsidiaries to the shared service center
from 1999-2001. Her latest endeavor is the creation of
a program management office in Latin America for the
engineered systems (Exadata, Exalogic, Exalytics and
Supercluster) which involves coordination and cooperation
with the LAD Field Sales and Marketing Teams to increase
Engineered Systems sales improving the efficiency and
quality of the sales cycle. In addition this team helps sales
understand new engineered systems market introductions
and designs.
Prior to joining Oracle, Cheryl worked at American Express
as CFO for Argentina and Brazil and other senior treasury
roles in Miami and New York. There she also worked on
implementing the shared services in Argentina and Brazil.
Cheryl is active with Oracle’s Women’s Leadership
program as a thought leader for Latin America and Florida
and a member of Women Executive Leadership, Inc. In
the past she also was on the Advisory Board of Florida
International University’s Chapman Graduate School
for business. Cheryl grew up in Brazil and has lived in
Argentina, Mexico and Switzerland and speaks English,
Spanish and Portuguese. She has a BA from the University
of Wisconsin in International Relations and French.
Mr. Huyett is a director at McKinsey and Company, Inc,
and a leader of the Firm’s Strategy and Corporate Finance
practices. Based in Boston, he has been part of McKinsey’s
Zurich and Washington, D.C. offices during his 25 years
with the Firm.
Mr. Huyett’s primary client interests are in healthcare—
especially pharmaceuticals and medical devices/
equipment—where he advises clients on a range of
matters, including corporate strategy, mergers &
acquisitions, globalization, and corporate leadership.
His client service and research interests include:
› Corporate strategy, capital markets and global
competitive dynamics
› IPO’s, M&A and post-merger management
› CEO leadership of management teams and boards
› Strategy formulation and strategic management
processes
› Scientific-discovery based innovation
He is active in the Firm’s Corporate Finance Strategy
practices, which are responsible for applied research in
areas such as corporate strategy, competitive strategy,
M&A and financial management. He is a co-author of the
book Value: The Four Cornerstones of Corporate Finance,
published by Wiley in 2011. He also sits on several of the
Firm’s governance committees.
Prior to joining McKinsey, Mr. Huyett held a variety of line
management positions in the electronics industry. His
BSEE and MBA degrees are from the University of Virginia.
Cheryl MCDowellVP Finance & Business Operations for Latin America, Oracle
11:00
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The How, When & Why of
Raising Capital
Raising capital is a critical milestone throughout
a company’s various stages of development. The
role of the CFO can be Quarterback, Coach and
Cheerleader as s/he weaves through the many
aspects of the process. For each fundraising event,
the CFO has to consider size, source, terms and the
prevailing market conditions, each of which has a
multiple of interconnected factors. The panel will
discuss recent fund raising experiences focusing on
best practices and pitfalls in today’s environment.
Topic discussions will include:
› Preparation tips for private rounds, public equity
and corporate debt
› Building your team and managing the
various advisors
› How to identify the best source of capital and
design an action plan to get investors attention
› Maximizing company valuation and
communicating with the board and the
executive team
› Best ways to avoid or resolve common
road blocks
SUSTAINED XCELLENCE
William arendtCFO, Avail–TVN
Scott DuSSaultExecutive VP & CFO, Demandware
William Arendt serves as CFO for Avail-TVN and was
recently named 2011 CFO of the Year, Technology and
Life Sciences by the Washington Business Journal. Bill
brings extensive experience in the digital media and
telecommunications industries to his role, including
more than 12 years with Nextel. Following the Sprint
Nextel merger, Bill was tapped to serve first as corporate
controller and then as interim CFO. Bill directed key
finance areas and all aspects of the accounting functions
for this global $40 billion telecommunications company,
and was responsible for the financial reporting process,
Sarbanes-Oxley and all financial filings with the SEC. He
most recently served as interim CFO for a digital media
technology company that redefines the way people
interact with and consume sports content. Bill has also
held management positions at Pocket Communications,
American Mobile Satellite Corporation and Ernst & Young.
Bill holds a bachelor degree in business administration
from John Carroll University.
Scott Dussault has served as Demandware’s Executive
Vice President and Chief Financial Officer since December
2008. Mr. Dussault previously served as Chief Financial
Officer of Archivas, Inc., a developer and distributor of
online storage management solutions, from February 2005
until Archivas was acquired in February 2007 by Hitachi
Data Systems. Prior to joining Archivas, Mr. Dussault
served as Chief Financial Officer of Astra Tech, Inc., a
medical devices distributor and subsidiary of AstraZeneca
PLC, from September 2004 until January 2005. Prior to
joining Astra Tech, Mr. Dussault served as Chief Financial
Officer of StorageNetworks, Inc., a publicly-traded
data-storage software and services company, from May
1999 until January 2004. Mr. Dussault began his career
with Ernst & Young LLP where he practiced in the firms
Entrepreneurial Services group and attained his CPA. He
holds a B.S. in Business Administration/Accounting from
Stonehill College.
Track 1
1:30 pm — 2:30 pm GRAND BALLROOM
Matt NicholsCFO, Gemvara
Michael SkokPartner, North Bridge Venture Partners
RobeRt CuRleyManaging Director of Corporate Finance, Silicon Valley Bank
Matt Nichols joined Gemvara in February 2011 as Chief
Financial Officer and Board Member. Matt was previously
a Principal at Highland Capital Partners where he invested
in Gemvara and has served as an advisor since 2007. Matt
has an expertise in ecommerce through his investments
in Gemvara and The OpenSky Project. Matt was also
active in Highland’s investments as a board member or
board observer at Pixable, U.S. Search, Bullhorn, Quigo,
Going.com and Turbine. Prior to joining Highland, Matt was
a member of Google’s corporate development team. Matt
also worked at Morgan Stanley Venture Partners, where he
invested in Avamar (acquired by EMC for $165MM), Tarari
(acquired by LSI for $85MM) and Perceptive Software
(acquired by Lexmark for $280MM). Matt was a member of
the Google IPO team at Morgan Stanley.
Matt received a BA in Mathematical Economics from
Pomona College and an MBA with High Distinction from
The Tuck School of Business at Dartmouth.
Michael Skok joined North Bridge Venture Partners in
2002 to seek out great entrepreneurs and lead innovative
software investments. Prior to this, Michael had himself
been an entrepreneur and CEO in the software business
for 21 years. He founded, led and attracted over $100M
in private equity to his investments in several successful
software companies. As a VC, Michael has built several
hundred million dollars of value backing many great
entrepreneurs to focus on large market changing
technologies and disruptive business models such as
SaaS, Cloud Computing, Open Source and Mobile. Current
representative investments include Acquia, Akiban,
Apperian, Demandware (NYSE: DWRE), and Unidesk, as
well as Actifio and Revolution Analytics.
Robert A. Curley, Jr. is Managing Director of Corporate
Finance for Silicon Valley Bank serving the corporate
financial needs of companies in the software, internet and
services sectors across the nation. His background includes
over 25 years experience in venture equity and debt
financing, investment banking and technology lending.
Before joining SVB in October, 2011, Bob headed MMV
Financial’s investment activities in Silicon Valley and the
West. He joined MMV in 2010 after spending nearly eight
years as a General Partner of Pinnacle Ventures, a private
venture capital fund focused on providing debt and equity
financing to early-stage tech companies.
Prior to joining Pinnacle, Bob led Credit Suisse First
Boston’s (CSFB) Technology Group’s, Technology Debt
Finance unit. Also he founded and led its Electronics
practice which focused on providing corporate finance and
M&A advice for companies in the electronics supply chain.
Prior to the move to CSFB, Bob ran the Debt Finance
practice for the DMG (Deutsche Bank) Technology Group.
Before joining DMG, Bob was a Senior Managing Director
and ran the Mid-Cap Technology Group for Bank of
America. Bob joined Bank of America upon its merger
with Continental Bank, where Bob founded and ran the
Technology Finance Group.
Bob received his BBA in finance from the University of
Notre Dame.
1:30 pm
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One of the most important relationships to a business is
undoubtedly the one with the most inherent conflicts and
tensions. Traditionally, the CEO has been an optimist, a
risk-taker, a “driver” and the CFO cautiously guarding the
purse strings.
Today, the CFO is the first person the CEO turns to for a
2nd opinion or “gut-check”. Conversations on investor
relations, capital management, financial reporting,
compliance and regulatory matters are being discussed
more in the broader context of company strategy.
Hear what our panelists feel makes for an ideal balance in
the CEO/CFO dynamic and hear some honest and personal
accounts of challenges and lessons learned.
The Yin & Yang of the CEO–CFO Relationship
SUSTAINED XCELLENCE
Darlene Deptula-HicksCFO, Microline Surgical
Patrick MorleyPresident & CEO, Bit9
Patrick Morley serves as President and Chief Executive
Officer of Bit9. Patrick is an industry veteran with a well-
proven track record of driving companies large and small
to revenue growth and market leadership. Serving in senior
leadership roles, Mr. Morley has worked on six venture-
backed software companies and three successful IPO’s. Mr.
Morley most recently served as Chief Operating Officer of
Corel, where he led the company’s global sales, marketing,
and operations functions for the Americas, EMEA, and
Asia. He joined Corel in 2005, playing a significant
leadership role in the company’s turnaround, acquisition
strategy and eventual IPO.
Prior to Corel, Patrick served as Chief Executive Officer
of Massachusetts-based security company Imprivata
Corporation. He has also held senior management
positions at Macromedia, Allaire, Rational Software and
SQA. He received a B.A. in Mathematics and Computer
Science from Providence College.
Darlene Deptula-Hicks is the Chief Financial Officer
of Microline Surgical, Inc., a global manufacturer and
marketer of medical devices for laparoscopic surgery.
Prior to joining MSI Ms. Deptula-Hicks served as the
Executive Vice President and Chief Financial Officer and
Treasurer of iCAD Inc., a publicly traded medical device
company (Nasdaq: ICAD). She has more than 25 years
experience in financial management within the medical
device and high technology industries. Prior to joining
iCAD, Ms. Deptula-Hicks served as EVP and Chief Financial
Officer and Treasurer of ONI Medical Systems, Inc., a
venture-backed designer and manufacturer of high-field
diagnostic imaging systems. Ms. Deptula-Hicks was also
EVP and Chief Financial Officer of Implant Sciences
Corporation, an early stage medical device company
that had its initial public offering (“IPO”) in June of
1999. Ms. Deptula-Hicks led the pre-IPO and post-IPO
activities for the company. Ms. Deptula-Hicks has also held
various senior financial positions at Abiomed, Inc.; GCA
Corporation; Edwards High Vacuum International and
Puritan Bennett Corporation.
Ms. Deptula-Hicks also currently serves on the Board of
Directors and as Chair of the Audit Committee of USfalcon,
Inc., a privately held IT and professional services company
serving military, federal and commercial customers
worldwide. Ms. Deptula-Hicks previously served on the
Board of Directors and as Chair of the Audit and Corporate
Governance Committees of Technest Holdings, Inc., an
$80M publicly traded defense and homeland security
company and on the Board of Directors and Chair of the
Audit Committee of IMCOR Pharmaceutical Company, a
public biotech company.
Track 2
1:30 pm — 2:30 pm SALONS FGH
Gordon PothierCFO, Bit9
Charles F. Wagner, Jr.CFO, Bruker Corporation
Bill DriscollPresident, New England District, Robert Half International
Gordon Pothier is Vice President of Finance at Bit9,
overseeing finance, administration, legal, human resources,
and facility operations. With over 15 years of financial
management experience, he brings proven financial
expertise, operational skills, and strategic planning
leadership to the Bit9 executive management team. Before
joining Bit9, Gordon served as senior director at Corel,
where he focused on global sales operations, improving
the company’s overall back office systems. He played
a critical lead role during the company’s mergers and
acquisitions, integrating WinZip and Intervideo into the
company’s go to market model.
Prior to Corel, he held senior financial management
positions at Macromedia, after joining that company
through its acquisition of Allaire Corporation. Gordon
helped transition the company from a primarily packaged
software vendor to an enterprise sales company before its
acquisition by Adobe. He earlier served as business unit
controller at Bay Networks and he started his career at
Sybase. Mr. Pothier received a B.S. in Accountancy and an
MBA in Finance from Bentley College.
Charlie F. Wagner, Jr. is the Executive Vice President,
Finance & Administration and Chief Financial Officer of
Bruker Corporation (NASDAQ: BRKR), a global leader in
analytical instrumentation for the life science and applied
markets. He is responsible for leading the company’s
global accounting, finance, and human resource functions,
and also shares responsibility for the company’s strategic
planning and corporate development activities. Charlie was
also previously on Bruker’s Board of Directors and Audit
Committee from 2010 to 2012.
Prior to joining Bruker as CFO in July 2012, Charlie served
as Executive Vice President and Chief Financial Officer
of Progress Software (NASDAQ: PRGS). Charlie also
previously served as Corporate Vice President and Chief
Financial Officer of Millipore Corporation (NYSE: MIL)
from August 2007 to July 2010, when the company was
acquired by Merck KGaA. He was responsible for Millipore’s
global accounting, finance and information technology
functions, as well as the company’s strategy and corporate
development activities. Before becoming CFO at Millipore,
he served as Corporate Vice President, Strategy and
Corporate Development. Before joining Millipore, Charlie
was a manager at Bain & Company, Inc., and earlier
in his career he was a manger in the audit practice at
Coopers and Lybrand LLP. He earned his MBA in Business
Administration (Harvard University, Graduate School of
Business Administration) and holds a BSc in Accounting,
summa cum laude (Boston College, Wallace E. Carroll
School of Management).
William N. Driscoll, New England District President, is
based in Robert Half International’s Boston office. Bill
oversees professional staffing services for RHI’s 23 offices
throughout Massachusetts, New Hampshire, Maine,
Connecticut, Rhode Island and portions of New York.
Bill began his career with the company in 1992 in the
Boston office where he consistently ranked among RHI’s
top 10 salespeople worldwide. Promoted to Area Manager
in 1996, Driscoll transferred to Atlanta and soon increased
RHI’s presence in Georgia from one office to seven
statewide, Driscoll became a Regional Manager in 1998 and
took on the highly visible role of District President over all
of the company’s operations in North and South Carolina,
Georgia and Jacksonville, Fla. He returned to Boston as
New England District President in January of 2006.
Bill serves as a national spokesperson for Robert Half
International and has been featured in several top
publications, including the Wall Street Journal and the
Boston Globe. He has also made appearances on local and
national networks, including WFXT, NECN, PBS, and Fox
Business News.
A graduate of Middlebury College in Vermont, Driscoll
holds bachelor’s degrees in History and Spanish.
Bill, his wife Laurel and their three children reside in
Lexington, MA.
1:30 pm
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Unprecedented data processing and storage capacity are
changing the way companies manage governance, risk
and compliance (GRC), enabling enhanced visibility and
automation of processes. However, more data can mean more
problems if you don’t handle the data deluge effectively.
Come hear how you can successfully navigate the Big Data
gauntlet from the innovators, entrepreneurs and seasoned
CFOs who are driving the big data wave.
Big Data, Big Deal
SUSTAINED XCELLENCE
Justin BorgmanCEO & Co-Founder, Hadapt
Ron GillCFO, NetSuite
Justin is Co-Founder and CEO of Hadapt. Prior to Hadapt,
Justin led product development for COVECTRA, an anti-
counterfeit technology firm. Before that, Justin founded
an online social media company and spent the first six
years of his career as a software developer at MIT Lincoln
Laboratory and Raytheon.
Justin has a B.S. in Computer Science from the
University of Massachusetts at Amherst, where he was a
Commonwealth Scholar, and attended graduate school at
the Yale School of Management.
Ron Gill is responsible for overseeing the company’s global
financial strategy and operations. Since joining NetSuite in
2007, he has been responsible for NetSuite’s accounting
and finance functions, serving as Vice President of Finance,
then as Senior Vice President of Finance. Prior to joining
NetSuite, Gill was Vice President, Finance, at Hyperion
Solutions. Previously, he held a variety of financial positions
with several of the world’s largest technology companies,
including SAP, Dell and Sony. Gill holds a Master of
International Business Studies degree from the University
of South Carolina and a B.A. from Baylor University.
Track 1
3:00 pm — 4:00 pm GRAND BALLROOM
Jeanne JohnsonPrincipal, Business Intelligence, KPMG
Jeanne Johnson is a Principal in KPMG’s U.S. Advisory
practice. She serves as the Global lead for Business
Intelligence for KPMG is currently leading a firm wide
innovation initiative around Data Analytics. Her areas of
experience over the last 20 years have included helping
clients with large enterprise change initiatives, deploying
complex reporting and analysis requirements, preparing
for changing global business and technology models,
and managing key aspects of operational and technology
performance and risk.
Jeanne has worked throughout the world helping clients
plan and execute transformation and change initiatives
to grow their businesses. Understanding the complex
environment of today, Jeanne has developed/delivered on
financial and operational engagements that have resulted
in clear and measurable results. Led and delivered large
scale client solutions across the following disciplines:
› Leading KPMG efforts around Data & Analytics and
Business Intelligence Innovation solutions
› Led and developed a global information and reporting
strategy and roadmap to help a global multi-national
client adapt their operational and financial reporting
capabilities to manage a transforming business model in
a highly regulated environment
› Led and developed a large global enterprise data
governance and regulatory reporting capability to
integrate business and technology accountabilities,
standardize and integrate technology systems, and
connect performance and compliance objectives
Andy Palmer is an active angel/seed investor who
specializes in accelerating the foundation and growth of
early-stage, mission-driven companies. He has helped
start, fund or found more than 25 innovative companies,
which have resulted in two IPOs to date. His current areas
of interest include HealthIT, Crowdfunding, Life Sciences,
Information Technology/Internet/Software, Educational
Technology/E-Learning.
Previously, Andy was co-founder and founding CEO of
Vertica Systems (acquired by HP). Before that, he was a
member of the core startup team and the SVP and CIO
at Infinity Pharmaceuticals (NASDAQ: INFI). He also held
positions at innovative startups including Bowstreet,
pcOrder.com and Trilogy.
More recently, he has served as a BOD member for
innovative early-stage companies including Cloudant,
CloudSwitch, Firecracker, jobFig, Recorded Future,
and Upstart.
Andy is also a seed/angel investor or advisor for a number
of other companies, including Affectiva, Apptegic, Bluefin
Labs, Docphin, GiveForward, Medio Systems, SharesPost,
Syapse, Transform Health, and Yapstone.
Andy has a particular interest in projects at the intersection
of computer science and the life sciences, and a specific
passion for cancer drug discovery and development.
Andy earned his MBA from the Amos Tuck School
of Business at Dartmouth College in 1994 and his
undergraduate degrees in English and history (with a
Computer Science minor) from Bowdoin College in 1988.
Andy PAlmerDirector, CloudSwitch
3:00
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Healthcare: The Biggest Cost You Should Control
The United States spends more on healthcare than any other
industrialized nation. The rising cost in recent years has
impacted healthcare organizations, employers and individuals.
This issue has been addressed at the state and national level, to
include the U.S. healthcare reform law, signed in 2010.
The focus of this panel will be to take a deeper look at how
this reform as well as other expected changes may influence
competitiveness, long range corporate planning and CFO
business practices.
Discussion topics will include controlling costs and risk related
to healthcare services and the role of healthcare plans in talent
acquisition and retention.
SUSTAINED XCELLENCE
Michael azarelaExecutive VP & CFO, Suffolk Construction
Michael Azarela is Suffolk Construction’s Executive Vice
President and Chief Financial Officer. He is responsible for
managing Suffolk’s day-to-day financial, administrative
and information technology functions on a national basis.
He also serves on Suffolk’s Executive Management Team,
which is responsible for establishing Suffolk’s strategic
direction and financial goals.
As Chief Financial Officer, Michael directs the company’s
day-to-day financial and administrative functions,
negotiates credit agreements and is responsible for
re-engineering accounting processes and upgrading
technology systems. He recently led the company-wide
implementation of Suffolk’s state-of-the-art Oracle
Enterprise Resource System, which streamlined accounts
payable processes and interdepartmental data sharing.
He also manages the treasury, tax, risk management, and
mergers and acquisitions functions of the company.
Previous to his position at Suffolk, Michael served as
President, Executive Vice President and Chief Financial
Officer for RailWorks Corporation, an $800 million public
company. He also worked for L.K. Comstock and Company,
Inc. for over fifteen years where he worked his way up
from Regional Accountant to Chief Executive Officer and
Chairman of the company.
Michael earned a Bachelor of Science degree in accounting
at Northern Illinois University, earned his MBA in finance at
Iona College and is a CPA.
Jeffrey C. Garr is an entrepreneur and early pioneer of
human resource (HR) outsourcing.
Over 15 years ago, Jeff recognized that strategic HR
outsourcing provided a number of important advantages
to small- to mid-sized businesses, allowing them to better
control capital costs, minimize legal risk, and operate more
efficiently. With this in mind, in 1997, Jeff helped launch HR
Logic, Inc., a Fidelity Investments company focused on HR
outsourcing. In 2001, he started his own HR outsourcing
company, AdminaService, Inc., and in 2005, Jeff merged
his company with HR Knowledge. Together, these two
companies offer a unique and integrated HR outsourcing
model supported by high-touch client service. Today,
HR Knowledge provides best-in-class HR services at an
affordable cost.
As CEO of HR Knowledge, Jeff has been a driving force
behind the company’s significant growth. He is the creator
of HR Knowledge’s signature “concierge-level client
service,” which has helped position the company as a
leading provider of outsourced HR for, among others,
small- to mid-sized businesses, nonprofits, charter and
private schools, and high tech companies.
Jeff is an active member and past president of the
Mansfield, MA Rotary Club. Currently, he is the president
of Network 128, a widely respected business-to-business
networking group in Greater Boston, Massachusetts. Jeff
earned his Bachelor of Science Degree in Political Science
from Northeastern University.
Jeff GarrCEO, HR Knowledge
Track 2
3:00 pm — 4:00 pm SALONS FGH
Radhika SamantCFO & Controller, EnterpriseDB
Retsef LeviProfessor, MIT Sloan School of Management
Radhika Samant serves as Chief Financial Officer and
Controller of EnterpriseDB Corporation. Ms. Samant served
as Vice President of Finance at EnterpriseDB Corporation.
Ms. Samant started her career with S.B. Billimoria & Co. (at
the time the Indian affiliate of Ernst & Young International
and currently Deloitte and Touche) in the field of Public
Accounting. After three years in public accounting she
joined Kirloskar Oil Engines Ltd., where she headed the
Foreign Trade Department and was a key contributor in
spearheading the foreign exchange risk management
policy of EnterpriseDB Corporation. She served with
Everest Consulting Group as Manager of Finance where
she helped set up and manage EnterpriseDB Corporation’s
international operations. She served as the Director of
Financial Reporting and General Accounting for Easylink
Services Inc. Ms. Samant is a Certified Public Accountant
and Chartered Accountant (India).
Retsef Levi is the J. Spencer Standish (1945) Professor of
Management and an Associate Professor of Operations
Management at the MIT Sloan School of Management.
Levi’s current research is focused on the design
and performance analysis of efficient algorithms for
fundamental stochastic and deterministic optimization
models that arise in the context of supply chains, revenue
management, logistics, and healthcare. These fundamental,
multistage stochastic models are typically difficult to
solve optimally, both theoretically and in practice. Hence,
it is important to develop efficient heuristics that provide
provably near-optimal policies for these hard models.
Levi has a special interest in cost-balancing techniques,
data-driven (sampling-based) algorithms, and modern
linear programming-based approximation techniques
applied to models in the above domains. In addition, he
is interested in stochastic and combinatorial optimization
and mathematical programming in their broad definition,
especially in their intersection with problems that arise
in the context of real-life applications. Levi is affiliated
with MIT’s Master of Science Program in Computation for
Design and Optimization.
He was born in Tel-Aviv, Israel, and served for about 12
years as an officer in the Israeli Defense Forces. In 2005,
he received the Goldstine Postdoctoral Fellowship in
Mathematical Sciences awarded by the Mathematical
Sciences Department at the IBM T.J. Watson Research
Center in Yorktown Heights, New York.
Levi holds a BS in mathematics from Tel-Aviv University
and a PhD in operations research from Cornell University.
Mr. Roosevelt joined Tufts Health Plan in 1999 as senior vice
president and general counsel and held that position until
June 2005, when he became president and chief executive
officer. As the general counsel, he presided over the legal
department and the company’s compliance, privacy and
government relations functions.
Before joining Tufts Health Plan, Mr. Roosevelt was the
associate commissioner for Retirement Policy for the
Social Security Administration in Washington, D.C. He has
also served as chief legal counsel for the Massachusetts
Democratic Party and is co-chair of the Rules and By-laws
Committee of the Democratic National Committee. Mr.
Roosevelt spent 10 years as partner at Choate, Hall and
Stewart in Boston. He is past chairman of the board of
trustees for the Massachusetts Hospital Association, past
president of the American Health Lawyers Association and
past chairman of the board of trustees for Mount Auburn
Hospital. Currently, Mr. Roosevelt serves as chairman of
the board of directors for Massachusetts Association of
Health Plans, and as a member of the board of directors
at America’s Health Insurance Plans and the Kenneth
B. Schwartz Center. He is also co-chair of the board of
directors for the Tufts Health Care Institute. In November
2008, President-elect Barack Obama appointed Mr.
Roosevelt to his transition team to co-chair a review of the
Social Security Administration.
Mr. Roosevelt received his J.D. from Harvard Law
School and his A.B. with honors in government from
Harvard College. He has also completed the Advanced
Management Program at Harvard Business School.
James RooseveltPresident & CEO, Tufts Health Plan
3:00
pm —
4:00
pm
SA
LO
NS
FG
H
Moderator
American Red Cross www.REDCROSS.ORG
Association for Financial Professionals www.AFPONLINE.ORG
Avail-TVN www.TvN.COM
Bit9 www.BIT9.COM
Bloomberg www.BLOOMBERG.COM
Bruker Corporation www.BRUKER.COM
Cabot Corp www.CABOT-CORP.COM
CFO Journal www.wSj.COM/CFOjOURNAL
CFO Roundtable www.THECFOROUNDTABLE.COM
CloudSwitch www.CLOUDSwITCH.COM
Corporate Reimbursement Services www.CRSINC.COM
Credit Suisse www.CREDIT-SUISSE.COM
Demandware www.DEMANDwARE.COM
Dupont www.DUPONT.COM
EnterpriseDB www.ENTERPRISEDB.COM
Essex Partners www.ESSExPARTNERS.COM
FEI Boston Chapter www.FINANCIALExECUTIvES.ORG
FENG www.THEFENG.ORG
FMA of New Hampshire www.FMANH.ORG
Gannett www.GANNETT.COM
Gemvara www.GEMvARA.COM
General Electric www.GE.COM
Genuine Interactive www.GENUINEINTERACTIvE.COM
GT Advanced Technologies www.GTAT.COM
Hadapt www.HADAPT.COM
Hasbro www.HASBRO.COM
HR Knowledge www.HRKNOwLEDGE.COM
iRobot www.IROBOT.COM
KPMG www.KPMG.COM
McKinsey www.MCKINSEY.COM
Microline Surgical www.MICROLINESURGICAL.COM
MIT Sloan Alumni Club of Boston www.MITSACD.COM
MIT Sloan Executive Education ExECUTIvE.MIT.EDU
MIT Sloan School of Management MITSLOAN.MIT.EDU
Monderer Design www.MONDERER.COM
Nair & Co. www.NAIR-CO.COM
NetScout www.NETSCOUT.COM
NetSuite www.NETSUITE.COM
NextEra Energy www.NExTERAENERGY.COM
North Bridge Venture Partners www.NvBP.COM
Oracle www.ORACLE.COM
Robert Half International www.ROBERTHALF.COM
Silicon Valley Bank www.SvB.COM
Stanley Black & Decker www.STANLEYBLACKANDDECKER.COM
Suffolk Construction www.SUFFOLKCONSTRUCTION.COM
Sysco www.SYSCO.COM
T3 Advisors www.T3ADvISORS.COM
Tufts Health Plan www.TUFTSHEALTHPLAN.COM
Warner Communications www.wARNERPR.COM
ZipCar www.zIPCAR.COM
You can learn more about our speakers and sponsors by visiting their company’s websitesThe MIT Sloan Alumni Club of Boston thanks the following
partners for their support
of this conference:
Learn More
MAY 22, 2013 | 10TH ANNUAL MIT CIO SYMPOSIUM | MIT KRESGE AUDITORIUM
The 2013 MIT Sloan
CIO SymposiumIn one day… Engage and connect with global IT leaders. Explore the newest enterprise
technological innovations. Acquire actionable insight through leading academic research.
Become a part of the exclusive MIT Sloan CIO Community to empower your professional future:
50+ Speakers, 700+ IT executives, business leaders and members of academia. This is where the
future of IT happens.
The 2013 MIT Sloan CIO Symposium, the 10th in its series, is the premier international conference for
chief information officers to look beyond the day-to-day issues to focus on a spectrum of solutions
that are either already here or just over the horizon — ranging from Cloud Computing, Enterprise 3.0
and Internet of Things to the new CIO roles outside of the traditional corporate IT.
FOR MORE INFORMATIONVisit www.mitcio.com or contact Kathleen Tetrault (ktetrault@mitcfo.com).
MIT Sloan Alumni Club of Boston
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