23
The Los Angeles Business Journal presents This special advertising supplement did not involve the reporting or editing staff of the Los Angeles Business Journal. September 17, 2012 Advertising Supplement CFOs of the Year 2012 Presenting Sponsors: Platinum Sponsors: Gold Sponsors: Bristol Farms Houlihan Lokey Iaffaldano, Shaw & Young LLP Marcum LLP Moss Adams LLP Randstad Finance & Accounting Richardson & Patel LLP Snell & Wilmer

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Page 1: The Los Angeles Business Journal presents 2012 CFOs of theYear · 2012-09-17 · profiles of each of our esteemed CFO Award nomi-nees and honorees. And again, congratulations to all

The Los Angeles Business Journal presents

This special advertising supplement did not involve the reportingor editing staff of the Los Angeles Business Journal.

September 17, 2012 Advertising Supplement

CFOs of the Year

2012

Presenting

Sponsors:

Platinum Sponsors: Gold Sponsors:

Bristol Farms

Houlihan Lokey

Iaffaldano, Shaw & Young LLP

Marcum LLP

Moss Adams LLP

Randstad Finance & Accounting

Richardson & Patel LLP

Snell & Wilmer

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22 AN ADVERTISING SUPPLEMENT TO THE LOS ANGELES BUSINESS JOURNAL SEPTEMBER 17, 2012

Letter from the Publisher

CFOs OF THE YEAR 2012

Sometimes opportunity isn’t obvious.

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2020 Risk Audit is a service mark owned by The Bank of New York Mellon Corporation. ©2012 The Bank of New York Mellon Corporation. All rights reserved. Products and services may be provided by varioussubsidiaries of The Bank of New York Mellon Corporation.

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confidential 2020 Risk AuditSM.

W ELCOME to our sixth annualLos Angeles Business Journal CFOAwards special supplement, inwhich we celebrate the efforts and

achievements of those too often unsung heroes ofthe corporate space.

Every successful company in Los Angeles owesa tremendous debt of gratitude to the ChiefFinancial Officers of their respective businesses,each of whom plays a key role, not only in thesuccess of their companies, but in the success ofthe Los Angeles financial community as a whole.So to all the great CFOs profiled in this volume wesay thank you!

This issue sheds some additional light on thenominees and honorees we celebrated at our CFOAwards luncheon on Wednesday, September 12that the Millennium Biltmore Hotel downtown.

The list of prestigious nominees – each anexample of excellence in the field of financial busi-ness stewardship – made it even more difficultthan usual to single out the honorees. Six hon-orees are announced in this section in six cate-

gories – “Small Private Company CFO,” “LargePrivate Company CFO (sales under $500 million),”“Large Private Company CFO (sales over $500 mil-lion),” “Non-Profit CFO,” “Public Company CFO,”and “Government/Public Sector CFO.” Weapplaud each of the nominees and honorees – allof whom are described in these pages.

We hope you enjoy this special section, whichcontains some insights on what exactly it meansto be a CFO in today’s business climate, as well asprofiles of each of our esteemed CFO Award nomi-nees and honorees.

And again, congratulations to all the greatCFOs in Los Angeles who tirelessly contribute tothe bottom line of your businesses, and ultimate-ly, our business community as a whole.

Best regards,

Matthew A. ToledoPublisher & CEO

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SEPTEMBER 17, 2012 AN ADVERTISING SUPPLEMENT TO THE LOS ANGELES BUSINESS JOURNAL 23

Grant Thornton refers to Grant Thornton LLP, the U.S. member firm of Grant Thornton International Ltd.

At Grant Thornton we specialize in helping dynamicorganizations like yours, because we are one too.We know how to confront the challenges you faceand bring a real, competitive advantage of seniorstaff time, short decision-making chains and soundprocesses. To help unlock your potential, visitGrantThornton.com/Growth.

Instinct says:go with theknow-how.

Reason says:go with thewell-known.

PROUD SPONSOR OF THECFO OF THE YEAR AWARDS

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24 AN ADVERTISING SUPPLEMENT TO THE LOS ANGELES BUSINESS JOURNAL SEPTEMBER 17, 2012

D OUG Troy is COO/CFO of Trailer Park, an organization that offers a fullsuite of marketing services and integrated digital production capabilities.Since taking the role in late 2008, Troy has navigated multiple acquisi-tions, the implementation of optimized business practices and successful

launches of two emerging technology divisions helping to diversify the firm andreduce customer concentration risk. His responsibilities include daily operations ofnine business units, M&A, strategy, client facing responsibilities and full accountabil-ity for all financial aspects. When he first stepped into his current role during the2008 recession, Troy walked into a difficult business environment and a companythat was struggling in the marketplace. His initial priority included right-sizing thecompany to ensure the continued viability for its clients and employees. After stabi-lizing the business, the next step was to integrate three acquisitions into a singlecompany. Troy led the combination by exiting two disparate locations and combin-ing the groups. By the end of the first quarter of 2009, the company had movedinto a single location. This integration allowed collaboration across business unitsand enabled Trailer Park to offer an umbrella of services to clients, embodying strate-gic, creative and technology expertise. Troy then rebuilt Trailer Park’s finance teamwhile at the same time implementing a new ERP software system, and simultaneous-ly assumed responsibility for the daily operations of the business units, humanresources, information technology, legal facility management and post production.As a result of many of Troy’s strategic initiatives, Trailer Park saw explosive growthlast year, with revenue rising approximating 50% and substantial margin expansion.

Sixth AnnualCFO of the Year

T IM Goetz is the CFO of the world’s leading manufacturer of civil helicopters –and he takes his job to levels above and beyond the call of duty. Not onlydoes Goetz oversee all of the financial planning and analytics that go intobeing a financial leader, but he also oversees and conducts monthly safety

courses for helicopter flight instructors and maintenance technicians. Goetz hasfocused his time growing the company from within by putting enormous amounts ofenergy into research and development programs. As a result, Robinson has consistentlyadded new models into the market place and Goetz’ execution as a financial leader hasenabled them to do this in an extremely profitable manner. Just last year, Robinsonadded 133,000 square feet to its manufacturing facility in Torrance to deal withincreased demand. Goetz has led Robinson through increasingly profitable years asthey continue to grow revenue and increase production. His dedication to becoming aglobal company led to Robinson being the first U.S. helicopter manufacturer to receiveJapanese certification. Goetz even handles much of the communication betweenRobinson and their vast network of dealer partners on a domestic and internationalscale. In 2011, Robinson Helicopter more than doubled its production from 2010, pro-ducing 356 helicopters. 2012 began with a backlog of around 400 aircraft orders, whichmade Robinson’s new manufacturing facility in Torrance so critical to the success andgrowth of the company. Goetz was able to help foster and then foresee this growth indemand by building the partner network on a larger scale. The increased production isa testament to Goetz and his dedication to strong growth in a sustainable manner.

HonoreesCFO OF THE YEAR: SMALL PRIVATE COMPANY(Under $100 Million in 2011 Gross Revenue)

DOUG TROYTRAILER PARK

CFO OF THE YEAR: LARGE PRIVATE COMPANY(Under $500 Million in 2011 Gross Revenue)

TIM GOETZROBINSON HELICOPTER

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SEPTEMBER 17, 2012 AN ADVERTISING SUPPLEMENT TO THE LOS ANGELES BUSINESS JOURNAL 25

Copyright © 2012, Oracle and/or its affiliates. All rights reserved. Oracle and Java are registered trademarks of Oracle and/or its affiliates.Other names may be trademarks of their respective owners.

oracle.com/goto/bizsoftwareor call 1.800.ORACLE.1

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26 AN ADVERTISING SUPPLEMENT TO THE LOS ANGELES BUSINESS JOURNAL SEPTEMBER 17, 2012

A great example of a CFO growing with his organization from the begin-ning, Rick Battaglini has been with John Paul Mitchell Systems (JPMS) -maker of PAUL MITCHELL hair care – for over 25 years. On February 1,1987 he was hired by JPMS, which at the time had no computer system,

used manual paper books, and had an accounting staff of two (if you includeBattaglini) and a typewriter to create financial statements. There were no internalcontrols, no email and few systems. His first inventory count was handed to him bythe warehouse manager on 3x5” index cards and the first few A/R agings had to becreated and hand written from peg board cards. Literally each and every customerorder had to be approved by him for shipping for there were no systems in place.Battaglini even became the first “IT guy,” by default. From there, PAUL MITCHELLhas become a worldwide recognized brand name. Battaglini has risen fromController to Vice President of Finance, to CFO, Treasurer, Board Member and strate-gist. Today, JPMS has over 270 employees worldwide; including 5 fulltime “IT guys,”complete computerization, four locations across the USA, 48 subsidiary companiesand sales in over 50 countries. And JPMS’ bottom line profitability, cash flow andfinancial ratios are enviable and among the best in any industry. Those humblebeginnings and the small number of employees enabled Battaglini to be involved innearly every facet of the business. From his training and education of his team, sys-tems have been implemented, employees have grown in their knowledge, slop waseliminated, sales grew, profits soared and growth has certainly come.

Sixth AnnualCFO of the Year

AMERICAN Business Bank is weathering the struggling economy storm well,thanks to Wes Schaefer’s invaluable contributions. His strategic plan haslaid the foundation for growth and profitability, making ABB a strongand sound institution. ABB has few to no impaired investments and has

been able to maintain a reasonable yield on its portfolio under Schaefer’s leader-ship. His vision and conservative investment strategy grew the bank from a start upDe Novo to a formidable institution of $1 Billion in assets. In 2010, the bankattracted more than 100 new clients, reported deposit and asset growth of 12%, sawits earnings grow by 20%, had a return on beginning equity of 14%, and exceeded$1 Billion in assets for the first time. In 2007, Schaefer identified the increased riskfactors that many banks were facing and proactively changed his investment strate-gy. The Bank’s investment portfolio accounts for approximately 60% of its assets, asizable portfolio and important to the overall earnings of the Bank. He identifiedinvestments that posed a greater risk to the overall security and well being of theBank, and sold them. Upon selling these investments, he invested largely in gov-ernment backed investments, with the full faith and credit of the U.S. behindthem. Schaefer looked for investments that would fill two criteria, first, investmentsthat would maintain a reasonable yield and, second, investments that fit the riskprofile of the Bank and would keep the Bank in a secure position. His fiscal visionand foresight has paid dividends for the Bank and its customers!

Honorees

CFO OF THE YEAR: LARGE PRIVATE COMPANY(2011 Retail Sales Over $500 million)

RICK BATTAGLINIJOHN PAUL MITCHELL SYSTEMS

CFO OF THE YEAR: PUBLIC COMPANY

WES SCHAEFERAMERICAN BUSINESS BANK

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SEPTEMBER 17, 2012 AN ADVERTISING SUPPLEMENT TO THE LOS ANGELES BUSINESS JOURNAL 27

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28 AN ADVERTISING SUPPLEMENT TO THE LOS ANGELES BUSINESS JOURNAL SEPTEMBER 17, 2012

SINCE joining the LAEDC in 2005, Susan Stel has combined her pri-vate sector experience with her expertise as a Certified PublicAccountant to strengthen the LAEDC’s financial reporting, internalcontrols and benefits offering to the company’s 40 employees. Her

dedication, due diligence and strong work ethic have led to the completionand implementation of several noteworthy accomplishments and dramaticcost savings, including relocation and downsizing of the corporate head-quarters in January 2012 that significantly enhanced the company’s overalloperations saving approximately $125,000 (25%) per year in lease and over-head costs. Cost containment is especially important during a time whenmore and more organizations are faced with severely-reduced budgets andneed to ensure that their investments in the mission of the LAEDC are man-aged as efficiency as possible. While many economic development organiza-tions have had to dramatically reduce their budgets or in some cases evenclose their doors due to the recession, the LAEDC has been privileged toreceive increased financial support for its mission each year and has seen aconsistently high member retention rate (85% per year) among its morethan 200 business, government and education members. Much of this con-tinuity in support can be attributed to Stel’s outstanding financial manage-ment, reporting and transparency. From developing and implementinginternal control protocols that ensure clean financial and federal programaudits each year to converting the LAEDC’s subsidiary corporation to a moreeffective IRS tax status to maximize its benefits, she has done a remarkablejob overseeing the financial affairs of the LAEDC.

Sixth AnnualCFO of the Year

SAM Joumblat, CPA, is the Chief Financial Officer for the Port of Long Beach.As CFO, Joumblat oversees accounting responsibilities for the Port’s $940million annual budget. With Joumblat at the financial helm for the Port, hehas been responsible for launching many important initiatives. One such

major initiative was the replacement of the Port’s antiquated billing system. Phase Iwas implemented in the last quarter of 2011, and Phase II which will include EDI tofurther automate billing is underway. Also under Joumblat’s direction, the Port is inthe process of developing a customer portal which will enable customers to havedirect access to information. He has also established a new contract compliance sec-tion for the Port. This group will have an increasingly critical role, considering thatcapital spending is projected to amount to $4.4 billion over the next 10 years at thePort of Long Beach. Because such a high volume of product moves in and out of theport, Joumblat recognized that a software system was needed that could offer coher-ent organization and distinct oversight of the Port’s crucial operations, including thebilling and accounts receivable processes. To address this crucial issue, Joumblatselected, and steered the implementation of, the software solution that eliminatedtime-consuming practices and improved the finance team’s operational efficiency. Byautomating the creation of vessel calls and invoices; automating the bank import forcustomer payments into the computer system; and increasing oversight of revenuerecognition and analytical reporting systems, the Port’s financial team, underJoumblat’s stewardship, has greatly enhanced productivity and visibility.

Honorees

CFO OF THE YEAR: NONPROFIT COMPANY

SUSAN STELLOS ANGELES COUNTY ECONOMICDEVELOPMENT CORP.

CFO OF THE YEAR:GOVERNMENT/PUBLIC SECTOR COMPANY

SAM JOUMBLATPORT OF LONG BEACH

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SEPTEMBER 17, 2012 AN ADVERTISING SUPPLEMENT TO THE LOS ANGELES BUSINESS JOURNAL 29

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As used in this document, “Deloitte” means Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory

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30 AN ADVERTISING SUPPLEMENT TO THE LOS ANGELES BUSINESS JOURNAL SEPTEMBER 17, 2012

This year’s esteemed CFO of the Year final-ists are arranged below alphabetically by lastname. Congratulations to all of the finalists!

DANIELA ANTONUNITED OIL CO.

Since Daniela Anton, a Romanian immi-grant who didn’t speak a word of Englishwhen she came to the US in 1996, joinedUnited Oil in 2000 as an Associate in thefinance department, the company’s retailgas stations have grown from 64 to 127stores and sales have increased at a com-pound annual growth rate of 12.25%.From the beginning, Anton quickly

established herself with-in the company and, in2005, was promoted toController, the highest-ranking financial execu-tive within United Oil,due to her accountingknowledge, cash man-agement skills, strong

work ethic, reliability and ability to man-age the financial function efficiently,including communicating effectively withmanagers, creditors, owners and others.Efficiency is the hallmark of Anton’s leanfinance staff of 30 people who Anton hastrained to perform tasks manually.

MARC AZIZUDDINSEIU LOCAL 721

As a member of theSenior ManagementTeam and ex-officiomember of theExecutive Board andmember of variouscommittees, Azizuddinhas been able to effi-ciently lead strategic

negotiations, operation support, equip-ment procurement and facilities design &acquisition for the SEIU organization’stwo new facilities. He has played a key

role in establishing budgeting, adminis-tration, logistics, finance, accounting, sys-tems functions. He currently has twelvedirect reports within the finance depart-ment of the company. Azizuddin isresponsible for overseeing tax, treasury,accounting, SOX compliance, & financialresource allocations within the company.Over the past two years in this role,Azizuddin has capitalized on Private sec-tor experience to improve external func-tions. He has also played an instrumentalrole in securing funding for two newfacilities for over thirty million dollars.

GLENN BALESPROVIDENCE SAINT JOSEPHMEDICAL CENTER

Glenn Bales tirelesslyspends most of hiswaking life dedicatedto creating and main-taining a financiallystable environment forProvidence SaintJoseph Medical Centerand Providence Holy

Cross Medical Center. Never waveringfrom his exceptionally long work hours,Bales goes above and beyond to ensurethat all managers in the ministry whohave fiscal responsibilities are well edu-cated. He frequently will hold budgeteducation sessions as well as always beingavailable for one on one education. He istenacious in presenting detail but pres-ents it at levels that is understood andhelps to encourage positive changes. Attimes of fiscal concern, he reminds hiscolleagues of their mission of serving thepoor and the vulnerable, providing a faceto the numbers. Crucially, he goes aboveand beyond his role as a CFO to helpmake each managers feel involved in theministry of healing.

CHARLES BESTBLACKLINE SYSTEMS

Charles Best, CPA,came on board asBlackLine’s first CFO inJune of last year. As aproven leader whoexcels at implementingand managing internalcontrols and processes,Best is putting his

expertise to work to help build a solidfoundation for growth at BlackLine. Injust his first year on the job, for example,he performed a company spending over-haul to instill a level of accountability,including formal approval and analysisprocesses and he enhanced financialreporting capabilities with metrics todrive performance. He also implementedmany Cloud-based tools to improve oper-ating efficiencies and put a new 401(k)plan together for the employees that ismore appropriate for BlackLine’s size andgrowth potential. Quite an impressivefirst year on the job!

FARAH BOROOMANDALFRED E. MANN FOUNDATIONFOR SCIENTIFIC RESEARCH

Farah Boroomand is tough-minded anduncompromising when it comes to whatshe sees as the core function of her

Behind all the numbers,people are the bottom line.

CalCPA Members. Trusted Advisors.At the heart of sound fi nancial decisions.

www.calcpa.org

CalCPA is a Proud Sponsor ofthe Los Angeles Business Journal’s CFO of the Year Awards

CFO of the Year Finalists

Continued on page 34

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SEPTEMBER 17, 2012 AN ADVERTISING SUPPLEMENT TO THE LOS ANGELES BUSINESS JOURNAL 31

Strengthened by time.

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Snell & Wilmer is a proud supporter of the Los Angeles Business Journal’s

2012 CFO Awards. Congratulations to this year’s nominees!

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32 AN ADVERTISING SUPPLEMENT TO THE LOS ANGELES BUSINESS JOURNAL SEPTEMBER 17, 2012

it policies,

payment terms, quanti-

tative analyses, financial relation-

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it policies, payment terms, quantitative

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ic relationships,

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it policies, payment

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SEPTEMBER 17, 2012 AN ADVERTISING SUPPLEMENT TO THE LOS ANGELES BUSINESS JOURNAL 33

Congratulations to all the nominees for the Los Angeles Business Journal’s CFO of the Year Awards.

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34 AN ADVERTISING SUPPLEMENT TO THE LOS ANGELES BUSINESS JOURNAL SEPTEMBER 17, 2012

department: assuringthe financial health ofAMF so that it can sur-vive to carry on itsimportant mission andgood works. In the eco-nomic climate that haspersisted since 2007,this means implement-

ing cost controls and a strict budgetingprocess that has served the non-profitextraordinarily well. She, along with theorganization’s CEO, regularly meets withand evaluates the performance of AMF’sfinancial advisors, who manage a $100million-plus endowment, in a constanteffort to seek above-average returns in aweakly-performing market. Under pres-sure to perform with excellence and con-sistency, Boroomand carries out her rolewith professionalism, intelligence, graceand style – and most of all, with a greatsense of humor.

THOMAS BOYACKBEACH POINT CAPITALMANAGEMENT LP

Thomas Boyack was one of Beach Point’sfounding members. The firm wasfounded in January of 2009 through amanagement buyback of the alternativebusiness of Post Advisory Group, LLC.Boyack relied on his previous alterna-tive asset management experience tobuild an infrastructure that would

support the invest-ment products carvedout from Beach Point’spredecessor firm. Hisgoal was to createprocesses and internalcontrols designed toeliminate potentialconflicts of interest

and encourage open communicationand independent reporting across thefirm. Because he did not inherit anexisting infrastructure, he was able tofocus on building a best-in-class organi-zation from day one. During his tenure,Beach Point has consistently grown itsassets under management. His contribu-tions have allowed the firm to scaleconsiderably since its inception. He hasalso ensured the firm’s operations arecompetitive versus its peers.

BRETT CHLOUPEKSOURCE PHOTONICS

Brett Chloupek, CFOof Source Photonics,has done a remarkablejob growing the com-pany since his start in2006. As many of thecompetitors in theoptical communica-tions industry have

fallen off the map due to the tumultuouseconomy, Source Photonics hasremained a stronghold in the market.The company’s products are used for

fiber-to-the-premise technology to deliv-er video, voice and data services. In ahighly developed technological industry,Chloupek has leveraged best of breedproduct development applications toensure the company continues to trendin the right direction. As SourcePhotonics continues to grow globally,with over 1500 employed around theworld, Chloupek is focused on maintain-ing the company’s current certificationwithin the International Organizationfor Standardization and the FederalCommunications Commission.

KEVIN COMBSSHEPPARD, MULLIN, RICHTERAND HAMPTON LLP

Sheppard Mullin con-sisted of four offices alllocated in California,with approximately210 attorneys at thetime Kevin Combsjoined the Firm.During his sixteen yeartenure, he has been

instrumental in growing the firm to fif-teen offices with 600 attorneys locatedin California, Washington, D.C., NewYork, London, Shanghai, Beijing andBrussels. The firm has weathered theeconomic downturn and continues togrow and prosper. In large part this isdue to conservative and realistic budget-ing from Combs that the partners andpotential new partners trust; his role in

keeping expenses in check to ensureprofitability; and incurring no long-termdebt through the firm’s expansion. Theability of the firm to double in sizewhile increasing its profitability is duein no small part to Combs’ financialstewardship.

JAMES CORWINPROVIDENCE HEALTH& SERVICES PHYSICIANSERVICE DIVISION

In March of 2007, JimCorwin took the post ofCFO with FaceyMedical Foundationwhere he played a keyrole in driving businessoperators to enhancethe organization’s repu-tation, profitability, and

sustainability during a period of uncertain-ty within the local economy. Two of hislargest accomplishments with Faceyinclude bridging the gap between the For-Profit Medical Group and the Not-ForProfit Foundation as well as recently spear-heading the completion of the largest inte-gration of an Independent CaliforniaFoundation (Facey) with a major HealthSystem (Providence). As of July 1st of thisyear, Corwin was appointed as theRegional CFO post for Providence HealthSystems Physician’s Service Division inSouthern California. Within this capacity,

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CFO of the Year Finalists

Continued from page 30

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36 AN ADVERTISING SUPPLEMENT TO THE LOS ANGELES BUSINESS JOURNAL SEPTEMBER 17, 2012

he has oversight of this Region’s Financeand Administrative function.

DEAN DITTOKARL STORZ ENDOSCOPY-AMERICA, INC.

Dean Ditto is a dynam-ic CFO who has quicklyestablished himselfwithin his companyand the Los Angelesbusiness community.He has created a strongteam and changed thefinance culture within

KARL STORZ Endoscopy-America (KSEA)to support the company’s growth initia-tives. At the executive level, Ditto leadsthe company’s financial functions andregularly contributes to strategic and oper-ational initiatives. 2011 brought contin-ued growth for KSEA and the companypursued investments in market expan-sion. Ditto led the company’s effort toimprove segment performance monitor-ing and investment evaluation. Forecastmodels were improved and standardizedto be more predictive and intuitive tobusiness leaders. Ditto’s improvementsover the last couple years and his newpieces of analysis were integrated into thecompany’s planning process positioningthe company for a bright present andfuture.

DAVID DONELLX PRIZE FOUNDATION

David Donell has built,strengthened and ledthe financial and oper-ational function of theX PRIZE Foundation, anonprofit focused oninnovation and incen-tive models creatingbillion dollar industries

in sectors including life sciences, energy,the environment and exploration. In thefive years he has been with theFoundation, he has broadened theFoundation’s mission and reach by unify-ing the vision of the organization’s man-agement and providing the critical sup-port and discipline required to make thisvision a reality. Simply put, Donell hasbuilt the foundation that makes theorganization run smoother and getsthings done. The result of this organiza-tional transformation has more thantripled the Foundation’s revenue andexponentially increased the number ofprize launches, which has generatedheadline-grabbing breakthroughs withthe potential to positively impact billionsof lives.

CHUCK EALLONARDOBRISTOL FARMS

After successfully leading Bristol Farms’financial side through its transition awayfrom Supervalu ownership and one of the

most fiscally challeng-ing periods in the com-pany’s history, ChuckEallonardo turned hisattention back toexpense management.He assembled a projectteam that consists ofmembers from all areas

of the company; Operations, I/T, Finance,and store-level employees. Together, theteam has reduced expenses across thecompany such as Telephone, Trash,Supplies expense, and much more. WhileEallonardo became the CFO less than twoyears ago, he has been leading the financefunction for Bristol Farms since 2005. Inthat time, he has led the companythrough three ownership changes, twoGeneral Ledger implementations, andnumerous other projects. Thanks in largepart to these efforts, the company hasnever been in a better position.

RICHARD M. GINSBURGSANDERS INDUSTRIES

Under the direction of Richard Ginsburg,Sanders Industries has grown and prosperedeven in times of economic downturn.Sanders Industries revenues have grownroughly 78% since 2006 when Ginsburgjoined the organization. Companies, suchas Sanders compete effectively by concen-trating on selected components and partsmanufacturing for particular prime contrac-tors. As a testament to Ginsburg’s skills as aCFO, the company absorbed several acqui-

sitions, effectively managed expendituresand returned consistent profit year-over-year. Ginsburg’s contributions to SandersIndustries are evident in the effective finan-cial management of the company, whichhas allowed the company to grow andbecome a source of economic growth forthe city of Long Beach.

DOUGLAS GOLDRICHARDSON & PATEL LLP

Back in 2007, in hisfirst two months asCFO, Doug Goldshowed he meant busi-ness by completelyoverhaulingRichardson & Patel’sfinancial infrastructure.He assembled a new

account structure so that the firm’s num-bers would communicate a clear messagewhen reported to the partners. He did aretro-active audit and rebooking of allrevenue and expense for the year 2006and year-to-date for 2007 so that the firmcould have solid year-over-year reportingin his first year on the job. Since then,over the last five years, Gold has helpedthe firm grow, helped it survive throughchallenging times, rebranded the firm,built an infectious culture, trained theemployees to go from a one-office tofour-office firm mentality, saved millionsin expenses, brought in several hundredthousand dollars in revenue, and expand-ed into new practice areas.

Chuck!on being nominated as one of

The Los Angeles Business Journal’s2012 CFOs of the Year

We’re proud of you!from your Bristol Farms Family

CongratulationsCongratulations

and best wishes

to our friend and

colleague AFSHIN KATEBOF SBE Entertainment Group

FOR THE RECOGNITION OF YOUR INNOVATION

AND ACHIEVEMENT AS AN OUTSTANDING CFO.

WE LOOK FORWARD TO BEING A PART OF YOUR

MANY SUCCESSES.

601 South Figueroa Street, Suite 4450 I Los Angeles, California 90017 I www.isylaw.com

Continued from page 34

CFO of the Year Finalists

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GREGG GOLDMANUSC MARSHALL SCHOOLOF BUSINESS

Gregg Goldman became Senior AssociateDean and ChiefFinancial officer for theUSC Marshall School ofBusiness in Septemberof 2003. Serving as thechief financial officerand administrative offi-cer for the school,Goldman oversees a

wide range of administrative functionsthat support the school’s instructionaland research programs. He is responsiblefor managing the school’s staff personnel,finances and physical facilities; recom-mending policies and procedures; plan-ning and organizing for the future; andadministering daily operations. He isknown for being agile and adept – notonly with the already complex budgetingdemands of a business school, but also inworking closely with the USC centralfinancial operations and in helpingMarshall focus on long-range planningand strategy to make the school evenstronger.

TOM GRAZIANOCELLUPHONE

Tom Graziano has been a key figure inbuilding Celluphone’s success by spear-heading crucial business initiatives that

drastically improve business operations.One such project was the company-wideimplementation of business software crit-ical for supporting Celluphone’s contin-ued expansion. Previously, Celluphonewas operating several systems that werenot able to support the growing business.Graziano was highly influential in recog-nizing that Celluphone’s inventory man-agement system and financial systemwere both insufficient, and in driving thecompany to implement the necessarysoftware solution. With this softwareimplementation, Celluphone has gainedimportant benefits, such as automatedintegration of supply chain with finan-cials; automated shipping informationretrieval, serial number capture, andrebate application; and a scalable tech-nology platform that provides a solidgroundwork for further business growthand development.

SCOTT HENRYBEATS BY DR. DRE

Scott Henry brings toBeats by Dr. Dre theskills of a seasoned sen-ior financial executivewith extensive experi-ence in all aspects ofinternal and externalcorporate and opera-tional financial man-

agement and business development inmulti-national NYSE listed companies,including IPO, SOX, and turnaround

management. He’s had nearly twodecades of investment banking experi-ence on Wall Street spanning a widerange of industries and financial andadvisory product areas, including publicand private debt and equity, M&A, ven-ture capital and restructuring. Areas ofspecialty include capital raising, strategicplanning, financial management, projectfinancing, M&A, and crisis management.Henry also has significant internationaltransaction, business development andoperational experience (Asia and WesternEurope) that he can now apply to benefitthe legendary music maker’s organiza-tion.

ALAN HOFFMANCENTURY HOUSINGCORPORATION

Alan Hoffman is SeniorVice President andChief Financial Officerfor Century Housingand its affiliates. With24 years of experiencein management andfinance, Hoffman iscurrently responsible

for all corporate finance, investments,financial planning and IT functions.Under Hoffman’s financial stewardship,practically 100% of Century’s revenue isearned as a return on investment, mean-ing that the company is not funded bygrants or contributions. Its capital basehas increased steadily since a re-organiza-

tion, exceeding the rate of inflation. In2011, the company became the first notfor profit Community DevelopmentFinancial Institution to be admitted to theFederal Home Loan Bank in California.

AFSHIN KATEBSBE ENTERTAINMENT GROUP

As Chief FinancialOfficer, Afshin Katebbrings over 20 years ofhospitality and realestate industry experi-ence to SBE. He plays acrucial role in the com-pany’s acquisitions andproject development

while overseeing all aspects of SBE’sfinancial affairs. Kateb joined SBE fromLowe Enterprises, where he was SeniorVice President of Lowe EnterprisesInvestors serving as portfolio manager forLowe Hospitality Investment Partners(LHIP), a $266 million discretionary fundthat invests solely in hotel resort proper-ties. In that capacity, he was responsiblefor asset management of the portfolio,including portfolio management for hos-pitality equity and structured financeinvestments. Prior to Lowe, Kateb servedas Chief Financial Officer and foundingmember of the KOR Group and was theultimate driving force behind KOR’s fiscalmanagement and growth potential.

SEPTEMBER 17, 2012 AN ADVERTISING SUPPLEMENT TO THE LOS ANGELES BUSINESS JOURNAL 37

Congratulations to our Chief Financial Officer

Doug Goldon being a finalist in the

6th Annual LA Business Journal’s CFO of the Year Awards

Every law firm touts highly skilled lawyers and deep expertise in a varietyof practice areas. Which begs the question that if the alternative were truewould they brag about it? When companies seek legal counsel it is assumed they want “skill”, “competence”, “talent”, and so on. Richardson & Patel differentiates itself by recognizing: The law is a means to an end, not the end itself

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Continued on page 38

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38 AN ADVERTISING SUPPLEMENT TO THE LOS ANGELES BUSINESS JOURNAL SEPTEMBER 17, 2012

PAUL KERWINWESTLAKE FINANCIAL SERVICES

Through Paul Kerwin’sfinancial leadership,Westlake now has aportfolio of $1.6 bil-lion. In 2002, whenKerwin started as theController, the entireHankey Group ofCompanies had 750

employees. In 2004, when he was pro-moted to Chief Financial Officer, theentire Hankey Group of Companies had914. At the end of 2011, the HankeyGroup of Companies had 1,631 employ-ees. With Kerwin as CFO, the growth ofWestlake Financial Services, just onecompany within the Hankey Group, hasbeen nothing short of a world class per-formance. He has consistently performedat an exceedingly high level, has beenrecognized for his work by industry lead-ers, has led Westlake through a globalfinancial meltdown and still was able toshow growth financially and enabledWestlake to increase its workforce.

DAWNNA LAWRENCELOS ANGELES COUNTYDEPARTMENT OF PUBLIC WORKS

Dawnna Lawrence has been in her cur-rent position as CFO for more than six

years and is responsiblefor planning, organiz-ing, and directing allcentralized finance andbudget services for thedepartment of publicworks to includeaccounting, budgeting,accounts payable and

accounts receivable, revenue claiming,grant and bond management, procure-ment, evaluation and determination offees, preparation of federal and statereimbursements, financial reportingneeds, cost accounting, internal andexternal audit resolution, graphics andreproduction services, and informationtechnology. Lawrence has spearheadedthe department’s financial performancemeasures that show where funds arespent effectively and efficiently. She hasalso developed many initiatives that haveallowed the Los Angeles CountyDepartment of Public Works to pursueand secure new and sustainable fundingsources needed to meet the critical infra-structure, maintenance, and operationalneeds of the department.

MARK LEEPLAYMATES TOYS

Mark Lee has led Playmates Toys througha tumultuous time in the nation’s eco-nomic history with a focus on stabilityand efficiency. While many competitorsclosed their doors during the economicdownturn, Lee was able to ready

Playmates Toys for thestorm and put them ina position to be devel-oping new excitingtoys in recent years.Lee made it clear hisvision for the futurewould be to focus onproduct development

and his strong financial leadership hasgiven innovation leaders at the organiza-tion the flexibility to bring these newproducts to market. Meanwhile,Nickelodeon will be releasing a newTeenage Mutant Ninja Turtle show thisfall, and Playmates has successfully got-ten ahead of the premiere by releasing anew line of toys.

DAVID MACOMBERCREDIT MANAGEMENTASSOCIATION

David Macomber is afinancial executivewith broad experiencein all aspects ofaccounting, auditingand financial manage-ment. He is responsi-ble for accounting,data processing,

human resources, benefits programs,insurance administration and facilitiesfor Credit Management Association, anon-profit association of 1200 membercompanies. He is a member of theSenior Management Team which over-

sees all seven operating departmentsand CMA’s educational foundation, andinterfaces with the Board of Directors.David interfaces directly with theAssociation’s independent CPA’s, banks,actuary, investment advisors, insurancebrokers, computer consultants, legalcounsel and vendors. His specialtiesinclude: data processing migration,automation and redesign of accountingsystems, implementation of cost sav-ings measures, refurbishing facilitiesand relocation of offices, benefitsadministration, risk management, andacquisitions.

SCOTT OTAWATER REPLENISHMENT OFSOUTHERN CALIFORNIA

Scott Ota completed a comprehensiveoverhaul of the WRD’s budget develop-ment and rate setting process, a processthat has now received the Award forExcellence for Operating Budgetingawarded by the California Society ofMunicipal Finance Officers for eight con-secutive years. Ota led the WRD’s effortsin its 2004, 2008 and 2011 issuance ofCertificates of Participation. He has alsomanaged and maintained the WRD’s100+ professional services contracts. He isinvolved in risk management issues,potential liability concerns and audits allpayments to vendors for appropriatenessand compliance with contract require-

GreenbergGlusker.com

Congratulations to

Mr. Paul Kerwin of

Westlake Financial Services,

our friend and client, on this

well deserved recognition.

Richard Hong

310.785.6847

[email protected]

rusticcanyon

www.rusticcanyon.com

Congratulations

Charles Best

from Tom Unterman and Rustic Canyon Partners

on being named a finalist for the Los Angeles Business Journal’s CFO of the Year Awards

Continued from page 37

CFO of the Year Finalists

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40 AN ADVERTISING SUPPLEMENT TO THE LOS ANGELES BUSINESS JOURNAL SEPTEMBER 17, 2012

ments. He also developed a compliancestrategy for Government AccountingStandards Board Statement 45 for theWRD. This included supervising the actu-arial study, providing financial and bene-fit assumptions and establishing anIrrevocable Other Post EmploymentBenefits Trust account in accordance withthe GASB.

KENT RATZLAFFNIAGARA BOTTLING

Kent Ratzlaff serves as Chief FinancialOfficer of one of the largest family-owned bottled water companies inAmerica. In one of the toughest stretch-es the United States economy has seen,Ratzlaff has continued to grow Niagaraorganically. Ratzlaff, in fact, has beenable to grow the company to one of thelargest bottled water organizations inthe United States, while keeping astrong focus on being a family ownedcompany. Being a family owned compa-ny, the strategy for growth hasremained the same; to grow the busi-ness from within without relying onmergers or acquisitions to providegrowth. Ratzlaff has done exactly thatand has maintained steady growth foras long as he has held the role of CFO.He has also played a large role in gain-ing and maintaining their largest client,Wal-Mart.

PATRICK ROMAGNANOREVENUE FRONTIER &MEDIA DESIGN GROUP

Rising above andbeyond the typical jobrequirements if a CFO,Patrick Romagnano isalways writing newreports and customprograms in order tooffer value added serv-ice to his organization’s

clients. This includes programs to analyzemedia and creation of indexes on mediaprofitability, something new to the indus-try. Media Design Group, in fact, is thefirst agency capable of tracking a web hitback to an original television media buy.A system called “RPM,” or “Retail-Performance-Metrics,” is a proprietaryalgorithm developed in part byRomagnano, and was designed to seg-ment and profile key customer traits thatdrive media planning and strategy forclients looking to maximize media dollarsand drive sales. This innovation is usedto compile and analyze response datausing demographic, psychographic, com-petitive and direct response data to estab-lish a blueprint for retail success.

BRADLEY S. SATENBERG1ST CENTURY BANK

Since Brad Satenberg joined 1st CenturyBank in 2009, he has managed a happyand healthy finance team with no

turnover, and has beena key strategic execu-tive helping to navigatethe bank through avery interesting time inthe financial markets.Satenberg has been suc-cessful in his profes-sional endeavors and

his career has been exemplified by hishard work and dedication to his people.While he is constantly under the pressureof a filing deadline, Satenberg has calm-ness in his approach to his work. He isanalytical but decisive. Most importantly,he leads by example and is constantlymentoring his team and others in thebank. And his hard work has paid off –he has helped the bank reach record lev-els of assets and earnings over the pastseveral quarters.

TIMOTHY M. SCHOENHCP, INC.

Timothy Schoen hasnow spent six yearswith HCP as part of themanagement team thathas presided over aperiod of profitablegrowth and portfolioexpansion that hasseen the company

deepen its healthcare real estate holdingsacross its five main sectors of seniorhousing, medical office, life science, postacute/skilled and hospitals. This growth

has seen Funds From Operations (“FFO”),a figure used by REIT’s to define cashflow from operations, increase dramati-cally from 2005 to 2012. During the pastsix years, Schoen specifically has beeninvolved with the growth of the compa-ny on the acquisitions, operations andcurrently on the financial front. Schoenalso leads a staff that consistently demon-strates the highest level of professionalskill and integrity and his sharp leader-ship skills are key to development andretention of the team.

KAREN SCHOENBAUMCALIFORNIA UNITED BANK

Karen Schoenbaum hasserved as ExecutiveVice President andChief Financial Officerof California UnitedBank since October2009. In this role, shefocuses on increasingshareholder value by

gaining visibility for stock, reviewing thefinancial landscape for strategic FDIC-assisted deals, and on traditional merger& acquisition opportunities in the mar-ket. She also oversees public reportingand the finance department, as well assteering the Bank’s technology areas.Much to her credit, the bank has beensuccessful at not only surviving thesetough economic times, but expandingand growing while enhancing franchiseand shareholder value. The growth of the

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CFO of the Year Finalists

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bank has been partly due to acquisitionsin which Schoenbaum has been instru-mental in negotiations, overseeing thecomplex accounting requirements ofsuch transactions, as well as completingthe mergers and integration of theacquired banks.

ALISON SOWDENTHE HUNTINGTON LIBRARY, ARTCOLLECTIONS, AND BOTANICALGARDENS

Alison Sowden arrivedat the HuntingtonLibrary, ArtCollections, andBotanical Gardens in1990 and found a cul-tural treasure on thebrink of financial dis-aster. For 2 of every 3

years since 1958, the institution hadgenerated deficits, wiping out its invest-ed reserves, spending too high a per-centage from its endowment, and accu-mulating decades’ worth of deferredmaintenance. Fast forward to the pres-ent day, and thanks in large part toSowden’s financial stewardship, TheHuntington now enjoys financial healththat it has not experienced since the

1950s. Sowden’s focus on building TheHuntington’s financial foundations hascreated a more secure platform launch-ing new programs, expanding collec-tions, and extending the reach of themission of Mr. Huntington. Her longtenure has also given her the opportuni-ty to enjoy the fruits of her successes,and serve as the institutional financialhistorian!

TODD SWEATVACO LOS ANGELES, LLC

Todd Sweat is the ChiefFinancial Officer andSVP of Administrationfor all of Vaco’s officesand he is the financiallifeline to the Vaco LosAngeles office. He alsoworks directly with theteam of Vaco partners

to develop financial and operating strate-gies to make them a best in class recruit-ing and staffing company. Under hisfinancial leadership this past year, Vacohas increased its working capital by 25%,improved internal controls resulting in a15% reduction in operating expenses andengineered a 56% increase in EBITDA. Allof this leads Vaco to anticipate revenue

growth of approximately 20% in thecoming year. Sweat also led the companythrough a debt recapitalization plan thatallowed its partners to realize some oftheir equity value, while taking advan-tage of attractive financing terms.

MARK R. SZCZEPANIAKPROSPECT MORTGAGE, LLC

Mark R. Szczepaniak hasbeen able to successful-ly guide ProspectMortgage LLC throughone of its most difficultfinancial periods. Pooreconomic conditionsand bad weather led tofew homes being pur-

chased and it took some savvy financialmaneuvering to keep the company afloat.By decreasing the company’s cost structureand attracting new lenders, Szczepaniakand Prospect Mortgage were able to makeit out of 2010 and 2011 relativelyunscathed and are now faced with whatlook to be record earnings for the compa-ny this year! His current responsibilities atProspect Mortgage include finance, strate-gic planning and analysis, accounting,treasury, loan officer compensation, andcapital markets oversight functions.

KENNETH WARDKLUNE INDUSTRIES, INC.

Ken Ward’s contribu-tions as CFO to KluneIndustries, Inc. (a man-ufacturer of complexaluminum, nickel, tita-nium and steelaerostructures), havebeen remarkable. Inless than two years,

Ward helped transform Klune’s financialprofile so dramatically that the compa-ny’s revenue nearly doubled and prof-itability increased substantially. This workwas a key part of what made Klune into asought-after acquisition by PrecisionCastparts, a publicly traded, multi-billiondollar company. Among Ward’s manycontributions, Ward installed financialmetrics and conducted monthly reviewswhich gave management a much deeperunderstanding of the business and anability to assign accountability both withoperations and program managers. All ofthis served to provide Klune with a morerobust forecasting process and betterfinancial budgeting than it had ever hadbefore.

SEPTEMBER 17, 2012 AN ADVERTISING SUPPLEMENT TO THE LOS ANGELES BUSINESS JOURNAL 41

Dave Malone, President / CEO

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42 AN ADVERTISING SUPPLEMENT TO THE LOS ANGELES BUSINESS JOURNAL SEPTEMBER 17, 2012

At the Event

The event was held at the Millennium Biltmore Hotel downtown.

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SEPTEMBER 17, 2012 AN ADVERTISING SUPPLEMENT TO THE LOS ANGELES BUSINESS JOURNAL 43

Over 400 attendees were on hand to honor the best CFOs in Los Angeles.

AM E R I C A N BU S I N E S S BA N K®

would like to congratulate our CFO,

Wes Schaefferfor being awarded CFO of the Year in Los Angeles.

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AM E R I C A N BU S I N E S S BA N K ®

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LOS ANGELES - CORPORATE523 West 6th Street, Suite 900

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SAN FERNANDO VALLEY21800 Oxnard Street, Suite 350

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Wes Schaefer

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