The first annual CFO of the Year Awards, sponsored by Drexel University's LeBow College of Business and the Philadelphia Business Journal and presented by Marsh, were held Thursday, July 17, at Sheraton City Center Hotel.
These awards were given to financial professionals in the Delaware Valley for outstanding performance in their roles as corporate financial stewards. The event featured a luncheon, terrific networking opportunities and an awards program attended by more than 300 people, many of them executives from the region's most successful companies.
Four Drexel University alumni were among the finalists: James Gillen '84, Worth & Co., Inc.; Vincent Laino '82, '91, Weston Solutions; Thomas Masci '68, Health Advocate Inc.; and Ward Schultz '81, Ecount. And of these four, three took home the CFO of the Year award in their category, as determined by a panel of independent judges. Laino took top honors in the Extra Large Company category; Gillen took top honors in the Large Company category; and Schultz took top honors in the Medium Company category.
Other CFOs of the Year include Thomas Frank, senior vice president and CFO of Nobel Learning Communities Inc., winner of the Turnaround Achievement Award; Rodney Dausch, CFO and vice president, finance and project management, Morphotek Inc., in the Small Company category; Regine Metellus, CFO and vice president of operations, The Urban League of Philadelphia, in the Small Nonprofit category; and Robert Lux, vice president and CFO, Temple University Health System, in the Large Nonprofit category.
The judges selected finalists and winners based on evidence of how the nominee's ideas helped the organization or overcome adverse situations, and they looked for quantitative examples of how the nominee's performance contributed to the company's growth and profitability. They also took community service into account.