This is the year the Baby Boomers start hitting retirement age, a milestone that has created concerns that corporations could lose large numbers of key executives with years of institutional experience and expertise. The profiles of this year’s 40 Under 40 executives suggest that at least in their finance departments, companies can rely on a wealth of knowledge and enthusiasm among younger executives. This list is inspirational, rather than definitive, and reflects suggestions from our subscribers and from treasury and finance professionals. The selection takes into account not only the executives’ titles, the companies where they’ve worked and their responsibilities, but the contributions they have made. As always, our hats are off to these high achievers.
Senior director, financial reporting & technical accounting
Ade joined the $16 billion electronic product manufacturer in 2008 from PricewaterhouseCoopers, where she was an audit senior manager. Ade has worked closely with other units at Jabil on acquisitions, financings and the implementation of new accounting standards. She has a B.S. in business administration from Rider University.
VP, finance, individual life insurance
Before assuming her current post in September, Frias served as assistant treasurer for the $31.7 billion insurer, with responsibility for borrowing, liquidity, capital markets execution and capital planning. She joined Prudential in 1997 after working at Booz Allen Hamilton. Frias has a B.S. in accounting and an M.B.A. in finance from Rutgers.
CIT Vendor Finance
As CFO of the finance company’s vendor finance unit since January, Friis has grown the business and diversified its funding model. He joined CIT from General Electric, where he had been CFO for GE Capital Vendor & Dealer Finance, and earlier for GE Capital Transportation & Construction Finance. He has a B.S. in finance and international business from NYU’s Stern School of Business.
When McKesson purchased cancer-care provider US Oncology in 2010, Krenzke was involved in the transaction, and he now leads the integration effort. He had been US Oncology’s chief accounting officer and controller and earlier worked in the mergers and acquisitions practice at Deloitte. He has a B.B.A. and a master’s in professional accounting from the University of Texas at Austin.
Treasurer & VP, financial planning & analysis
Macek led efforts that improved accounts receivable and operating cash flows for the $1.5 billion provider of hospital beds and other equipment. He also worked on Hill-Rom’s 2008 spin-off from Hillenbrand. Earlier, Macek worked at Guidant and Ernst & Young. He has both a B.S. in business, accounting and finance and an M.B.A. from Indiana University.
COO, global finance & shared services
Rooney is charged with overseeing the shared-services strategy and leading global initiatives to improve profitability and shareholder value creation for the $8.5 billion insurance brokerage. Before joining Aon in 2009, she was an investment banker at Morgan Stanley. Rooney has a B.B.A. in finance and accounting from the University of Michigan.
Schroeter has been instrumental in raising more than $1 billion from the capital markets, asset financing and asset dispositions for the $3.8 billion airline. He also improved JetBlue’s investment strategy and working capital efficiency. Earlier, Schroeter worked at Johnson & Johnson and Deloitte & Touche. Schroeter has a B.S. in accounting from Rutgers.