NEW YORK (PRWEB) March 16, 2006
For the third year running, Institutional Investor magazine asked portfolio managers and brokerage firm research analysts to name the best American CFOs in 62 industries. Many of the winners of II’s third annual “America’s Best CFOs” ranking—which appears in the magazine’s March issue, released today—are once again investing for growth after years of cutting costs and saving cash. Voters praise those finance executives who keep clean books and effectively communicate with the market about their companies’ performance. But they also show a growing appreciation for CFO’s who transcend the traditional number-crunching, cost-controlling role and embrace responsibility for improving operations, driving revenue growth and executing big acquisitions.
This year’s top American CFOs in 62 industry sectors are:
CHEMICALS/COMMODITY, J. Pedro Reinhard Dow Chemical Co.
CHEMICALS/SPECIALTY, James Sawyer, Praxair
METALS & MINING, Richard Navarre, Peabody Energy Corp.
PAPER & FOREST PRODUCTS, Richard Taggart, Weyerhaeuser Co.
AEROSPACE & DEFENSE ELECTRONICS, Christopher Kubasik, Lockheed Martin Corp.
AIRFREIGHT & SURFACE TRANSPORTATION, D. Scott Davis, United Parcel Service
BUSINESS & PROFESSIONAL SERVICES, Michael Van Handel, Manpower
ELECTRICAL EQUIPMENT & MULTI-INDUSTRY, Keith Sherin, General Electric Co.
ENVIRONMENTAL SERVICES, Todd Holmes, Republic Services
MACHINERY, Nathan Jones , Deere & Co.
PACKAGING, Raymond Seabrook, Ball Corp.
AIRLINES, John Owen, JetBlue Airways Corp.
APPAREL, FOOTWEAR & TEXTILES, Donald Blair, Nike
AUTOS & AUTO PARTS, Robin Adams, BorgWarner
BEVERAGES, Indra Nooyi, PepsiCo
COSMETICS, HOUSEHOLD & PERSONAL CARE PRODUCTS, Clayton Daley Jr., Procter & Gamble Co.
FOOD, Jeffrey Boromisa, Kellog Co.
GAMING & LODGING, Glenn Christenson, Station Casinos
HOMEBUILDERS & BUILDING PRODUCTS, Joel Rassman, Toll Brothers
LEISURE, Gerald Cahill, Carnival Corp.
RESTAURANTS, Matthew Paull, McDonald’s Corp
RETAILING/BROADLINES & DEPARTMENT STORES, Douglas Scovanner, Target Corp.
RETAILING/FOOD & DRUG CHAINS, David Rickard, CVS Corp.
RETAILING/HARDLINES, Darren Jackson, Best Buy Co.
RETAILING/SPECIALTY STORES, Charles Kleman, Chico’s FAS
TOBACCO, Dinyar Devitre, Altria Group
ELECTRIC UTILITIES, E. Follin Smith, Constellation Energy Group
INTEGRATED OIL, Steven Chazen, Occidental Petroleum Corp.
NATURAL GAS, Stephen Parks, Questar Corp.
OIL & GAS EXPLORATION & PRODUCTION, Louis Baldwin, XTD Energy
OIL SERVICES & EQUIPMENT, C. Christopher Gaut, Halliburton Co.
BANKS/LARGE-CAP, Robert Kelly , Wachovia Corp.
BANKS/MIDCAP, Daniel Healy, North Fork Bancorp.
BROKERS & ASSET MANAGERS, David Viniar, Goldman Sachs Group
INSURANCE/LIFE, Kriss Cloninger III, Aflac
INSURANCE/NONLIFE, W. Thomas Forrester , Progressive Corp.
MORTGAGE FINANCE, Russell Kettell, Golden West Financial Corp.
REITs, Bernard Freibaum, General Growth Properties
SPECIALTY FINANCE, Gary Crittenden, American Express Co.
BIOTECHNOLOGY, John Milligan, Gilead Sciences
HEALTH CARE FACILITIES, W. Larry Cash, Community Health Systems
HEALTH CARE TECHNOLOGY & DISTRIBUTION, Jeffrey Campbell, McKesson Corp.
MANAGED CARE, David Colby, WellPoint Health Networks6
MEDICAL SUPPLIES & DEVICES, Robert Darretta, Johnson & Johnson
PHARMACEUTICALS/MAJOR, Charles Golden, Eli Lilly and Co.
PHARMACEUTICALS/SPECIALTY, William McKee, Barr Pharmaceuticals
CABLE & SATELLITE, John Alchin, Lawrence Smith, Comcast Corp.
ENTERTAINMENT, Thomas Staggs, Walt Disney Co.
PUBLISHING & ADVERTISING AGENCIES, Gracia Martore, Gannett Co.
RADIO & TV BROADCASTING, Scott Royster, Radio One
COMPUTER SERVICES & IT CONSULTING, Gordon Coburn, Cognizant Technology Solutions Corp.
ELECTRONICS MANUFACTURING SERVICES, Forbes Alexander, Jabil Circuit
IMAGING TECHNOLOGY, Murray Demo, Adobe Systems
INTERNET, Susan Decker, Yahoo!
IT HARDWARE, James Schneider, Dell
SEMICONDUCTOR CAPITAL EQUIPMENT, John Kispert , KLA-Tencor Corp.
SEMICONDUCTORS, Andrew Bryant, Intel Corp.
SOFTWARE, Gregory Myers , Symantec Corp.
DATA NETWORKING & WIRELINE EQUIPMENT, Dennis Powell, Cisco Systems
TELECOM EQUIPMENT/WIRELESS, William Keitel, Qualcomm
TELECOM SERVICES/WIRELESS, Paul Saleh, Sprint Nextel Corp.
TELECOM SERVICES/WIRELINE, Ronald Dykes , Verizon Communications
Stepped down effective October 1, 2005; remains executive vice president and member of the board.
2 Became president of Deere 7 Co.’s worldwide commercial & Consumer equipment division effective January 16, 2006.
3 Stepped down effective January 31, 2006.
4 Announced on February 6, 2006 his intention to retire in first quarter 2007.
5 Became president and COO effective January 1, 2006.
6 Retired effective December 31, 2005.
7 Retired effective December 31, 2005.
Institutional Investor’s top chief financial officers were selected based on the responses of more than 900 research analysts and portfolio managers at more than 330 money management firms running $4.9 trillion in equity assets, and of some 360 sell-side analysts at nearly 75 brokerage firms. For more information on the winners, please visit http://www.institutionalinvestor.com.