As the economic recovery seems faltering one day and back on the track the next, companies need all the new ideas and hard work they can get to keep the wheels of finance humming, and this latest group of up-and-coming executives seem ready to roll. Many on this year's 40 Under 40 list started their careers with Big Four accounting firms, while others have backgrounds as investment bankers, Wall Street analysts and management consultants. The list includes plenty of executives with M.B.A.s, but also a few with degrees in law and engineering. Most impressive, though, are the projects the executives have undertaken on behalf of their companies, ranging from efforts to restructure finance departments and repatriate overseas funds to participation in mergers, acquisitions and financings galore. The executives on the next five pages are positioning their companies for growth once the economy improves. Hopefully, these under-40s won't be too much older when that happens.
Controller & VP
Aiken is responsible for accounting, financial reporting, government finance and corporate financial systems at the $39 billion military contractor. Before being named controller in March, he was staff vice president of accounting. Aiken has a B.S. in business administration and accounting from Washington and Lee and an M.B.A. from Northwestern's Kellogg School.
VP, finance & treasurer
Ammann signed on as the auto manufacturer's treasurer in April, shortly after GM emerged from bankruptcy. Previously, he had headed industrial investment banking at Morgan Stanley since 2004, assisting with mergers, acquisitions, capital raising and restructurings. He has a bachelor of management studies in economics and finance from New Zealand's University of Waikato.
VP, corporate financial planning & analysis
Anderson recently led a team that put together and implemented a multiyear strategic plan for the finance department of the $17.4 billion utility. She has also implemented new tools, including integrated scenario planning. Before joining Exelon, she worked at PricewaterhouseCoopers. She has a B.S. in accountancy from the University of Illinois and an M.B.A. from the University of Chicago.
Corporate controller & SVP
MGM Resorts International
Arpin oversees more than 200 employees in the $5.9 billion gaming company's finance shared services center and has responsibility for external reporting and accounting policies. He has participated on the teams for deals such as MGM Resorts' $8 billion acquisition of Mandalay Resort Group and its $750 million sale of Treasure Island. He has a B.S. in accounting and finance from the University of Nevada-Las Vegas.
Principal accounting officer
At $2 billion Amerco, parent of U-Haul International and insurance and real estate companies, Berg has developed a program to find and purchase distressed mortgages on self-storage properties to expand U-Haul's self-storage capacity. He also reworked depreciation methods and introduced a virtual IR program. Berg, who joined Amerco unit Oxford Life in 1996, has a B.S. in accountancy from Arizona State University.
VP, finance, consumer, mobility
& consumer markets
Biry is responsible for financial management, planning and reporting for the $21 billion consumer wireline business of $123 billion AT&T. Earlier, she was responsible for the planning and integration of SBC's acquisition of AT&T in 2005 and the renamed AT&T's 2006 acquisition of BellSouth. She has a B.B.A. in business administration from Texas Lutheran University.
Treasurer & VP
In January, Brill was named treasurer of the health care REIT, which has $16 billion in assets and $1.1 billion in 2009 revenues. Before joining HCP in 2006, he spent six years in the treasurer's office at General Motors and worked at KPMG Peat Marwick. Brill has a B.A. in business economics from the University of California-Santa Barbara and an M.B.A. from Duke University's Fuqua School of Business.
Corporate controller & VP
Burgum has served as controller of SRA, a $1.6 billion provider of IT services, since 2006. Earlier, she spent eight years at Arthur Andersen and served as assistant controller for a unit of ITT. Her experience with government contracting work in those jobs serves her well at SRA, whose biggest customers are government agencies. Burgum has a B.S. in accounting from the University of Richmond.
CFO & SVP
Butier was named CFO of the $5.9 billion maker of office supplies earlier this year, after serving as chief accounting officer since 2008. He led a restructuring that produced savings of about $180 million over the last 18 months and played a key role in strengthening the company's finances last year by focusing on generating free cash flow at its business units. Butier has a B.S.A. from Loyola Marymount University.
Chief risk officer & SVP, audit
Since joining the $6 billion holding company for advertising agencies in February, Connors has restructured the risk management group's responsibilities to align with broader organizational challenges and worked with business units to increase the efficiency of risk management operations. Earlier, she was a partner in Deloitte's enterprise risk practice. Connors has a B.S. in economics and accounting from Rutgers.
Costello was named CFO of Sequa, whose products include airplane parts and auto components, in 2009, after playing an integral role in the Carlyle Group's acquisition and subsequent reorganization of the company. She had served as Sequa's corporate controller since 2005. Costello, who started her career at Arthur Andersen, has a B.B.A. in accounting and an M.B.A. in finance from Iona College.
Financial planning &
analysis manager & VP
Cribbins helps plan strategy, assess performance against targets and provide support for investor communications for General Electric's $50.7 billion financing arm. After graduating from GE Capital's financial management program in 1998, he became CFO of GE Commercial Financial Asia in 2006 and CFO of GE Capital Asia in 2008. Cribbins has a B.A. in economics from Holy Cross
Divisional CFO & VP, Informatics
Csapo serves as the finance chief for McKesson Health Care Solutions, which offers medical management solutions, and has helped grow the unit. Earlier, he led corporate financial planning and analysis for McKesson, a $110 billion distributor of pharmaceuticals and medical supplies, and worked at Honeywell and Sears. Csapo has a B.B.A. in accounting from the University of Wisconsin-Madison.
Christopher Del Moral-Niles
Corporate treasurer & EVP
Del Moral-Niles joined the bank holding company with $23 billion in assets this year from First American. As First American's treasurer, he participated in transactions including the spin-off of a $2 billion subsidiary and oversaw the investment of more than $6 billion in escrow funds. He has a B.A. in economics from the University of California-Berkeley and an M.B.A. from UCLA.
CFO, retail finance
As CFO of the retail finance unit at GE Capital, with more than $45 billion in served assets, Doubles leads a team of 250 finance professionals. Before becoming CFO in 2009, he led financial planning and analysis for GE's global consumer finance unit and was CEO and CFO of WMC Mortgage, leading the exit from that business in 2007. Doubles has a B.S. in engineering and business management from Michigan State.
Treasurer & EVP
Brookdale Senior Living
Ferge has helped the $2 billion operator of assisted living and retirement communities increase revenue and profits through her work on debt and equity management, operational cost cutting and contract negotiations. Earlier, she was CFO and treasurer at Alterra Healthcare. Ferge has a B.B.A. from Marquette and an M.S. in healthcare administration and finance from the University of Wisconsin.
Treasurer & VP
As treasurer at $4.4 billion NII, which markets wireless communications in Latin America, Freiman has raised $1.3 billion with high-yield note offerings and closed a $130 million syndicated loan facility in Peru in 2009, one of the only major Latin American bank loans that year. Before becoming treasurer in 2008, Freiman was NII's controller. He has a B.S. in accounting and an M.B.A. from the University of Maryland.
CFO & EVP
As CFO of the $1 billion industrial staffing company, Gafford reduced operating expenses by 20% in 2009, allowing TrueBlue to post a profit despite a 25% drop in revenues. He also developed accident-reduction programs that cut work-related injuries by 60%. Before joining TrueBlue, Gafford served as CFO at Metropolitan Markets and worked at Albertson's. He has a B.B.A. from Boise State University.
Hession brings both finance and operations experience to his job as treasurer of the $10.1 billion casino operator. Since joining Harrah's in 2002, he has served as vice president of finance, but has also worked in operations areas including revenue management, distribution and procurement. Hession has a B.S. in engineering from Cornell and an M.B.A. from the Fuqua School of Business at Duke University.
Finance director-decision support
Toyota Financial Services
Kim provides financial planning, decision and analytical support to the Americas region business at Toyota Financial Services. Previously, she served as manager of automotive planning and control and manager of corporate financial planning and analysis. Kim joined Toyota in 1999 from Arthur Andersen, where she worked in audit. She has a B.S. in accountancy from California State University-Northridge.
Controller, chief accounting officer & VP
Kivisto played a key role in implementing Section 404 of Sarbanes-Oxley at MDU, a $4.2 billion energy company that also provides construction materials and contracting services. She joined MDU in 1995 as a financial analyst and was named controller in 2005 and chief accounting officer this year. Kivisto has a B.S. in accounting from the University of Minnesota-Moorhead.
Knobel was named treasurer of the $7.3 billion packaging manufacturer in April after serving as senior director of treasury operations since 2005. He has participated in a number of bond offerings and bank financings, including a $700 million bond issue in 2009 transacted at the tightest spread of any high-yield issue to that point in the year. Knobel has a B.S. in accounting from Miami University.
Global controller, chief accounting officer & SVP
Kothari has participated in a number of Yahoo's significant transactions and projects, and is currently helping to lead its shift from country or regional finance operations to global centers of excellence. He was named controller of Yahoo, with $6.4 billion in revenue, in 2009. He has a B.A. in accounting and business law from the University of Strathclyde.
Director of securitization
Krohn is responsible for more than $20 billion a year of asset-backed issuance for the $118.3 billion auto manufacturer. He worked closely with the Treasury and the Fed as they launched the Term Asset-Backed Securities Loan Facility. Since joining Ford in 1997, Krohn also served as treasurer of Ford's activities in Greater China. He has a B.A. in history and a J.D./M.B.A. from Indiana University.
Treasurer & head of IR
Kohlberg Kravis Roberts
As head of investor relations for the private equity firm with $54.7 billion in assets, Levin played an important role when KKR rolled out its stock on the New York Stock Exchange in July. And as its treasurer, Levin manages KKR's $5 billion balance sheet. Levin was appointed treasurer and head of IR in 2009. Before joining KKR in 2004, he worked at Bear Stearns. He has a B.A. from Harvard College.
Assistant corporate controller
Matteo manages financial reporting, internal controls, Sarbanes-Oxley compliance and accounting policies for the $30.9 billion industrial company. He's also responsible for quarterly communications to the board's audit committee. Earlier, he worked at Deloitte & Touche, where he did a two-year stint in the national accounting research department. He has a B.A. in accounting from Muhlenberg College.
Corporate controller & VP
Reliance Steel & Aluminum
Miyamoto has participated in more than 15 acquisitions and worked on public debt issues totaling $600 million since 2004 as corporate controller of the $6 billion provider of metals processing services and metal products. Before joining Reliance Steel in 2001, she spent six years in audit at Ernst & Young. Miyamoto has a B.S. in accounting from Loyola Marymount University.
Controller & VP
Nagy has participated in transactions including reorganizations, dispositions and financings for Mirant, a $2.3 billion wholesale energy provider, and led the development of its plan for converting to IFRS. Nagy was named controller in 2009 after serving as assistant controller since 2005. She has both a B.B.A. in finance and a B.A. in accounting from the University of Oklahoma and an M.B.A. from Georgia State.
As finance chief for the $1.6 billion nuclear pharmacy services division of $99 billion Cardinal Health, Pitts led the integration of finance activities for a multibillion acquisition and achieved a 91% decrease in pricing overrides. Before joining Cardinal in 2006, she was vice president of finance at Excellus Blue Cross Blue Shield. Pitts has a B.S. from Wright State University and an M.B.A. from Syracuse University.
SVP, corporate finance & treasurer
Ritenour, who was named treasurer at $8 billion Devon Energy in May, previously served as VP of acquisitions and divestitures. He played a key role in Devon's recent divestiture of all its Gulf of Mexico and international assets, which generated after-tax proceeds of about $8 billion. Prior to joining Devon in 2001, Ritenour worked at Ernst & Young. He has a B.B.A. in accounting and an M.B.A. from the University of Oklahoma.
D. Anthony Scaglione
Treasurer & VP
As treasurer of the $3.5 billion facility services provider since 2009, Scaglione developed a capital structure and strategy for the five-year business plan. Prior to joining ABM, he was assistant treasurer at CA Inc. and worked as a treasury consultant at Ernst & Young. Scaglione has a B.S. in finance and a B.S. in accounting from Rutgers University and an M.B.A. from Fairleigh Dickinson University.
Controller & VP
Siurek was named controller of the $32.3 billion wireless communications company in November 2009, after signing on as assistant controller in January 2009. Prior to that, he spent five years at LyondellBasell Industries in positions including controller of European operations and director of risk management and global shared services. Siurek has a B.B.A. and an M.S. in accounting from Texas A&M University
Corporate controller & VP
When Sorgi was named corporate controller of the $7.5 billion electric utility in March, PPL cited his experience in the electricity business and his contributions to its accounting and business planning processes. He joined the company in 2006 as financial director of its generation unit. Earlier, he worked at Public Service Enterprise Group. He has a B.S. in accounting from Penn State and an M.B.A. from Villanova
Senior director, finance transformation, biopharma unit
Taurel's tasks at the $50 billion drug company have included the implemention of Pfizer's business unit restructuring for the worldwide biopharmaceutical business and financial reporting and oversight of the Wyeth integration for the $23 billion primary care business. She has a B.A. and M.A. in mathematics from Oxford and an M.B.A. from N.Y.U.'s Stern School of Business.
CFO and EVP
Taylor was appointed CFO in October 2009, as the recession created a challenging environment for $5.3 billion YRC and other trucking companies. Earlier, she served as YRC's vice president of investor relations and treasury and was a divisional controller at Corporate Express. Taylor has a B.B.A. in business administration and accounting from Pittsburg State University and an M.B.A. from the University of Kansas.
Since joining the $29.5 billion computer distributor in 2008, Thompson has negotiated the successful completion of an IRS audit that resulted in a refund and overseen the repatriation of more than $500 million. Before joining Ingram Micro, he worked for Deloitte. Thompson holds a B.S. in criminal justice with an emphasis on accounting from Lindenwood University and a J.D. from the University of Missouri.
SVP, finance & investor relations
Priceline, a $2.3 billion operator of online sites for booking flights and other travel services, named Tynan senior vice president of finance and investor relations in 2008. Earlier, he served as vice president of planning, strategy and analysis. He joined the company in 2000 from Bear Stearns, where he was a financial analyst. Tynan has a B.S. in finance and accounting from N.Y.U.'s Stern School of Business
As CFO of OnStar, a $2 billion General Motors subsidiary, Westenberg put in place extensive accounting changes following GM's emergence from bankruptcy. He has also instilled a new focus on cash flow and convinced vendors of OnStar's financial health to recover $20 million put in escrow during bankruptcy. He has a B.B.A. in accountancy from Notre Dame and an international M.B.A. from the University of Chicago.
Treasurer & VP
White was appointed treasurer of the $9 billion industrial gases company in August after serving as controller since 2008. He joined the company in 2004 as finance director of Praxair's largest business unit, North American Industrial Gases. Earlier, White worked at Fisher Scientific and GenTek. He has a B.S. in industrial engineering from Penn State and an M.B.A. in finance from the University of Delaware.
Chief accounting officer & corporate VP
The $22 billion cell phone provider appointed Wozniak chief accounting officer in November 2009. Since joining Motorola in 2002, he has also served as assistant controller and international controller for the home and networks unit. Earlier, he spent two years in the professional standards group at Arthur Andersen. Wozniak has a B.S. in accounting from Marquette University.