CFO Kevin Clark Focuses on Keeping Delphi on the Path

Key to success is ‘thinking and acting like owners,’ Clark says.

Kevin Clark of Delphi AutomotiveKevin Clark, CFO and senior vice president of Delphi Automotive, says the day to day focus of his job is keeping the $16 billion automotive parts supplier on the same path it’s been following since emerging from bankruptcy in 2009 and completing its initial public offering in November.

If he and the rest of the Delphi management team keep focusing on evaluating capital allocation carefully, assessing measures such as cash on cash returns, and meeting consumer demand for “safe, green and connected” vehicles, Delphi should soon regain its investment-grade rating and generate an even better return than the over 300% return it has achieved since exiting Chapter 11, and the 50% lift since its IPO, Clark told attendees at Treasury & Risk’s 17th Annual Alexander Hamilton Best Practices Summit in New York.

At Fisher Scientific, he saw the management team maintain a laser-like focus on building shareholder value, even in his job interview with the CEO, who readily admitted in response to Clark’s question that he would sell the company in a “heartbeat” if it resulted in increased shareholder value.

Fisher Scientific’s management acted as if they were opening their own checkbooks, Clark says, an attitude that also prevailed at Liberty Lane Partners.

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