FOCUS: FINANCE CRAIN’S CHICAGO BUSINESS • FEBRUARY 4, 2008 29 CRAIN’S LIST CFOS OF THE LARGEST PUBLIC COMPANIES Ranked by 2006 revenue 2006 revenue (millions); Name Address % change from Undergraduate Graduate Company Phone/Web site Title(s) previous year Age alma mater alma mater JAMES A. BELL 100 N. Riverside Plaza, Chicago 60606 Executive vice-president of $61,530.0 59 California State Uni- NA 1 Co. (312) 544-2000; www.boeing.com finance, chief financial officer 14.7% versity at Los Angeles

J. MILES REIDY 3333 Beverly Road, Hoffman Estates Executive vice-president, $53,012.0 45 Georgetown University Carnegie Mellon 2 Corp. 60179; (847) 286-2500 chief financial officer 7.9% University www.searsholdings.com

WILLIAM M. RUDOLPHSEN 200 Wilmot Road, Deerfield 60015 Senior vice-president, $47,409.0 52 Marquette University DePaul University 3 Walgreen Co. (847) 940-2500; www..com chief financial officer 12.3% Linda THOMAS J. MEREDITH 1303 E. Algonquin Road, Schaumburg Executive vice-president, $42,879.0 57 St. Francis University Georgetown Univer- Imonti 4 Inc. 60196; (847) 576-5000 acting chief financial officer 21.6% sity; Duquesne Uni- ERIK UNGER www.motorola.com versity School of Law A brave new DAVID B. BURRITT 100 N.E. Adams St., Peoria 61629 Vice-president, $41,517.0 52 Bradley University University of Illinois 5 Caterpillar Inc. (309) 675-1000; www.cat.com chief financial officer 14.2% numbers world

The chief financial officer’s role 6 DOUGLAS J. SCHMALZ 4666 E. Faries Pkwy., Decatur 62526 Senior vice-president, $36,596.1 61 University of NA is shifting as companies expand Archer Daniels Midland Co. (217) 424-5200; www.admworld.com chief financial officer 1.8% Minnesota globally and face more compli- ance regulations. Crain’s asked DAN L. HALE 2775 Sanders Road, Northbrook 60062 Vice-president, $35,796.0 63 Yale University NA Linda Imonti, the service line 7 Corp. (847) 402-5000; www.allstate.com chief financial officer 1.2% leader for KPMG LLP’s CFO Advisory Services group, what’s 8 TIMOTHY R. MCLEVISH 3 Lakes Drive, Northfield 60093 Executive vice-president, $34,356.0 52 University of Harvard Business keeping CFOs up at night. Kraft Foods Inc. (847) 646-2000; www.kraft.com chief financial officer 0.7% Minnesota School CRAIN’S: What questions are CFOs asking the advisory group? THOMAS C. FREYMAN 100 Abbott Park Road, North Chicago Executive vice-president $22,476.3 53 University of Illinois Northwestern Universi- 9 60064; (847) 937-6100 of finance, chief financial 0.6% at Urbana-Champaign ty’s Kellogg Graduate The most prominent area of fo- www.abbott.com officer School of Management cus has been around globaliza- tion and global financial report- MICHAEL J. MACK JR. 1 Place, Moline 61265 Senior vice-president, $21,754.8 51 Iowa State University University of Chicago ing. They ask how to accom- 10 Deere & Co. (309) 765-8000; www.deere.com chief financial officer 0.8% plish that, from the infrastruc- ture side to the process side to 2111 McDonald’s Drive, Oak Brook the people structure to the tech- MATTHEW H. PAULL Senior executive vice- $21,586.4 56 University of Illinois University of Illinois 60523; (630) 623-3000 nology. The second area of fo- 11 McDonald’s Corp. president, chief financial officer 8.8% at Urbana-Champaign at Urbana-Champaign www.mcdonalds.com cus has been data management. They’ve collected massive FREDERIC F. BRACE 77 W. Wacker Drive, Chicago 60601 Executive vice-president, $19,340.0 50 University of Michigan University of Chicago amounts of information, and 12 UAL Corp. (847) 700-4000; www.united.com chief financial officer 11.3% now the question is how to turn that information into intelli- gence. Financial planning is be- L. M. “THEO” DE KOOL 3500 Lacey Road, Downers Grove 60515 Executive vice-president, $15,944.0 55 Nijenrode University Erasmus University coming a larger focus for CFOs. 13 Sara Lee Corp. (630) 598-6000; www.saralee.com chief financial and adminis- -0.5% trative officer Why is globalization an issue?

MATTHEW F. HILZINGER 10 S. Dearborn St., Chicago 60603 Senior vice-president, $15,655.0 44 University of Michigan NA You have different countries, 14 Corp. (312) 394-7398; www.exeloncorp.com chief financial officer 1.9% different cultures and different reporting and accounting re- RONALD D. KROPP 3600 W. Lake Ave., Glenview 60026 Senior vice-president, $14,055.0 42 Northern Illinois NA quirements that need to be lo- 15 Inc. (847) 724-7500; www.itwinc.com chief financial officer 9.9% University calized. In addition, the amount of data on a company becomes exponentially larger as the com- ROBERT M. DAVIS 1 Baxter Pkwy., Deerfield 60015 Corporate vice-president, $10,378.0 41 Miami University Northwestern Universi- 16 Inc. (847) 948-2000; www.baxter.com chief financial officer, 5.4% ty’s School of Law and pany grows. There is a lot of fo- treasurer Kellogg Graduate cus on CFOs being able to re- School of Management port not only financial but op- erational and metric data. How D. CRAIG MENSE 333 S. Wabash Ave., Chicago 60604 Executive vice-president, $10,376.0 56 University of Virginia Georgetown do you standardize and how do 17 CNA Financial Corp. (312) 822-5000; www.cna.com chief financial officer 5.2% University you roll out standards when you have different areas of the world involved? MILES W. MCHUGH 111 S. Wacker Drive, Chicago 60606 Executive vice-president, $9,316.6 43 University of Illinois University of Chicago 18 R. R. Donnelley & Sons Co. (312) 326-8000; www.rrdonnelley.com chief financial officer 10.5% at Urbana-Champaign What effect did the Sarbanes- Oxley Act have on the position? DON CIVGIN 263 Shuman Blvd., Naperville 60563 Executive vice-president of $8,965.7 46 University of Illinois at University of Chicago It increased the CFO’s areas of 19 OfficeMax Inc. (630) 438-7800; www..com finance, chief financial officer -2.1% Urbana-Champaign influence. As compliance per- meated the organization and CHRISTA DAVIES1 200 E. Randolph St., Chicago 60601 Executive vice-president $8,956.0 36 University of Harvard Business multiple areas were then re- 20 Aon Corp. (312) 381-1000; www.aon.com of global finance 5.4% Queensland School quired to meet certain stan- dards, the CFO had to become more educated in those areas. CRAIG P. OMTVEDT 520 Lake Cook Road, Deerfield 60015 Senior vice-president, $8,255.0 58 University of NA 21 Fortune Brands Inc. (847) 484-4400; www.fortunebrands.com chief financial officer 22.6% Minnesota How is the role more strategic? Unlike 10 years ago, they are CHARLES A. HINRICHS 150 N. Michigan Ave., Chicago 60601 Senior vice-president, $7,157.0 54 University of Missouri- Saint Louis University expected to create value for the 22 Smurfit-Stone Container Corp. (312) 346-6600; www.smurfit.com chief financial officer 5.1% St. Louis company. They are being asked to include how to imple- JOSEPH P. O’LEARY 130 E. Randolph St., Chicago 60601 Senior vice-president, $6,890.7 53 University of University of Chicago ment change in their reper- 23 Inc. (800) 699-1269; www.integrysgroup.com chief financial officer 1.0% Notre Dame toire. They have to understand how and where to gain effi- ciencies. They have make sure TERENCE R. ROGERS 2621 W. 15th Place, Chicago 60608 Executive vice-president, $5,908.9 48 Illinois State University University of Michigan the ideas align with the busi- 24 (773) 762-2121; www.ryerson.com chief financial officer 2.2% Ryerson Inc. ness strategy.

P. OGDEN LOUX 100 Grainger Pkwy., Lake Forest 60045 Senior vice-president of fi- $5,883.7 65 Drexel University NA Michelle Evans 25 W. W. Grainger Inc. (847) 535-1000; www.grainger.com nance, chief financial officer 6.5% Continued on Page 30 30 FEBRUARY 4, 2008 • CRAIN’S CHICAGO BUSINESS FOCUS: FINANCE w PAY GAP CRAIN’S LIST CFOS OF THE LARGEST PUBLIC COMPANIES Continued from Page 29 Demand for CFOs is increasing overseas, according to CFO.com, but the salaries can’t compete with those 2006 revenue (millions); in the United States. Name Address % change from Undergraduate Graduate MEDIAN CFO PAY IN ASIA Company Phone/Web site Title(s) previous year Age alma mater alma mater COMPARED TO U.S. In U.S. dollars RICHARD H. FLEMING 550 W. Adams St., Chicago 60661 Executive vice-president, $5,810.0 60 University of the Amos Tuck School of Hong Kong 26 USG Corp. (312) 436-4000; www.usg.com chief financial officer 13.1% Pacific Business Administration $188,000 at Dartmouth College Singapore PETER G. LEEMPUTTE 1 N. Field Court, Lake Forest 60045 Senior vice-president, $5,665.0 50 Washington University University of Chicago $168,000 27 Brunswick Corp. (847) 735-4700; www.brunswick.com chief financial officer 1.0% in St. Louis Graduate School of South Korea Business $168,000 China DENNIS J. LETHAM 2301 Patriot Blvd., Glenview 60026 Executive vice-president of $4,938.6 56 Pennsylvania State NA 28 International Inc. (224) 521-8000; www.anixter.com finance, chief financial officer 28.4% University $150,000

Indonesia REUBEN GAMORAN 410 N. Michigan Ave., Chicago 60611 Senior vice-president, $4,686.0 47 Northwestern University of Chicago $138,000 29 Wm. Wrigley Jr. Co. (312) 644-2121; www.wrigley.com chief financial officer 12.7% University Thailand $138,000 KENNETH R. TRAMMELL 500 N. Field Drive, Lake Forest 60045 Executive vice-president, $4,685.0 47 University of Houston NA 30 Inc. (847) 482-5000; www.tenneco.com chief financial officer 5.5% India $68,000 VICTORIA J. REICH 1 Parkway North Blvd., Suite 100 Senior vice-president, $4,546.9 50 Brown University NA Malaysia 31 United Stationers Inc. Deerfield 60015; (847) 627-7000 chief financial officer 6.3% $68,000 www.unitedstationers.com U.S. STEVEN L. FRADKIN 50 S. LaSalle St., Chicago 60603 Executive vice-president, $4,473.0 46 Washington University NA $276,863 32 Corp. (312) 630-6000; www.northerntrust.com chief financial officer 25.8% in St. Louis Sources: CFO.com, Salary.com JAMES J. BRESINGHAM 700 Oakmont Lane, Westmont 60559 Senior vice-president, $3,860.0 39 University of Illinois at University of Chicago CFOS WHO ALSO MADE 33 Sirva Inc. (630) 570-3000; www..com chief financial officer 5.9% Urbana-Champaign CRAIN’S LIST OF HIGHEST-PAID NON-CEOS IN CHICAGO millions KARL W. MUELLER 307 N. Michigan Ave., Chicago 60601 Senior vice-president, $3,794.2 48 Southeast Missouri NA Frederic F. Brace, UAL Corp. 34 Old Republic International Corp. (312) 346-8100; www.oldrepublic.com chief financial officer -0.3% State University $16,750.4 Bernard Freibaum, General Growth Properties Inc. RALPH J. NICOLETTI 2525 Armitage Ave., Melrose Park 60160 Senior vice-president, $3,772.0 50 Pace University Pace University 35 AlbertoCulver Co. (708) 450-3000; www.alberto.com chief financial officer 6.8% $6,170.7

Dan L. Hale, Allstate Corp. BRADLEY J. BELL 1601 W. Diehl Road, Naperville 60563 Executive vice-president, $3,602.6 55 University of Illinois Harvard Business $4,907.0 36 Nalco Co. (630) 305-1000; www.nalco.com chief financial officer, 8.8% at Urbana-Champaign School treasurer Thomas C. Freyman, Abbott Laboratories $4,709.2 37 BERNARD FREIBAUM 110 N. Wacker Drive, Chicago 60606 Executive vice-president, $3,382.1 55 University of Illinois at DePaul University, Richard H. Fleming, USG Corp. General Growth Properties Inc. (312) 960-5000; www.ggp.com chief financial officer 5.6% Urbana-Champaign DePaul College of Law $4,408.6 ERIC J. DRAUT 1 E. Wacker Drive, Chicago 60601 Executive vice-president, $3,074.2 50 University of Illinois at Northwestern Source: Equilar Inc., 2006 data 38 Unitrin Inc. (312) 661-4600; www.unitrin.com chief financial officer 0.9% Urbana-Champaign University FOCUS: FINANCE CRAIN’S CHICAGO BUSINESS • FEBRUARY 4, 2008 31 CRAIN’S LIST CFOS OF THE LARGEST PUBLIC COMPANIES w MONEYMAKERS As the complexity of the CFO role increases, salaries are on the rise as 2006 revenue well, regardless of company size. (millions); Name Address % change from Undergraduate Graduate Company Phone/Web site Title(s) previous year Age alma mater alma mater CFO PAY IN CHICAGO AREA Company size 2007 2008 39 RICHARD L. HAWLEY 1844 W. Ferry Road, Naperville 60563 Executive vice-president, $2,960.0 58 University of NA by revenue compensation compensation Nicor Inc. (630) 305-9500; www.nicor.com chief financial officer -11.8% Washington Less than $108,548 to $111,930 to $50 million $142,680 $150,368 ANDREW A. CAMPBELL 1900 W. Field Court, Lake Forest 60045 Senior vice-president, $2,917.0 62 University College NA 40 Corp. (847) 482-2000; www.pactiv.com chief financial officer 5.8% $50 million to $120,848 to $126,383 to $100 million $161,130 $170,048 DAVID D. JOHNSON 2222 Wellington Court, Lisle 60532 Chief financial officer, $2,861.3 52 Stanford University NA $100 million to $143,295 to $149,138 to 41 Inc. (630) 969-4550; www.molex.com executive vice-president, 12.3% $250 million $198,030 $209,408 treasurer $250 million to $214,943 to $218,633 to $500 million $294,585 $304,425 JOHN J. PARK 100 Half Day Road, Lincolnshire 60069 Chief financial officer $2,857.2 46 Oberlin College University of 42 Hewitt Associates Inc. (847) 295-5000; www.hewitt.com -1.1% Michigan More than $310,575 to $316,725 to $500 million $441,263 $455,715 THOMAS E. WERNER 275 N. Field Drive, Lake Forest 60045 Senior vice-president of fi- $2,688.5 50 Indiana University NA 43 Inc. (224) 212-2000; www.hospira.com nance, chief financial officer 2.4% CFO PAY NATIONWIDE CHERYL K. BEEBE 5 Westbrook Corporate Center, Vice-president, $2,621.0 52 Rutgers University Fairleigh Dickinson Company size 2007 2008 44 Corn Products International Inc. Westchester 60154; (708) 551-2600 chief financial officer 11.1% University by revenue compensation compensation www.cornproducts.com Less than $88,250 to $91,000 to $50 million $116,000 $122,250 RICHARD B. WEST 1900 W. Field Court, Lake Forest 60045 Senior vice-president, $2,187.0 55 University of South University of South $50 million to $98,250 to $102,750 to 45 Packaging Corp. of America (847) 482-3000; www.packagingcorp.com chief financial officer, 9.7% Alabama Alabama $100 million $131,000 $138,250 corporate secretary $100 million to $116,500 to $121,250 to $250 million $161,000 $170,250 TIMOTHY J. WIGGINS 1415 W. Diehl Road, Naperville 60563 Executive vice-president, $2,041.2 51 Michigan State NA 46 Inc. (630) 798-8800; www.tellabs.com chief financial officer 8.4% University $250 million to $174,750 to $177,750 to $500 million $239,500 $247,500 MARK J. PARRELL 2 N. Riverside Plaza, Chicago 60606 Executive vice-president, $2,020.9 41 University of Georgetown More than $252,500 to $257,500 to 47 (312) 474-1300; www.equityresidential.com chief financial officer 15.4% Michigan University Law $500 million $358,750 $370,500 Center Source: Robert Half International LAURALEE E. MARTIN 200 E. Randolph St., Chicago 60601 Executive vice-president, $2,013.6 57 Oregon State University of 48 Jones Lang LaSalle Inc. (312) 782-5800; www.joneslanglasalle.com chief financial officer, 44.8% University Connecticut chief operating officer $176,000-$200,000 NEAL V. FENWICK 300 Tower Pkwy., Lincolnshire 60069 Executive vice-president, $1,951.0 46 Kingston Business NA Median base salary of CFOs of private 49 Acco Brands Corp. (847) 541-9500; www.accobrands.com chief financial officer 31.2% School companies in the U.S.

ANTHONY J. NOCCHIERO 4 Parkway North Blvd., Deerfield 60015 Senior vice-president, $1,949.5 56 Washington University Northwestern Univer- 50 CF Industries Holdings Inc. (847) 405-2400; www.cfindustries.com chief financial officer 2.2% in St. Louis sity’s Kellogg Graduate 31%-40% Median percentage School of Management of base salary paid as annual bonus. To qualify for the list, companies must have been eligible for Crain’s list of largest publicly traded companies All Crain’s lists and directories are Research by Michelle Evans, Source: Financial Executives International (published May 21, 2007), must still be public and be based in Chicago. NA: Not applicable. 1. Will assume available at ChicagoBusiness.com/lists position from David P. Bolger, 3/08 Allison Riggio and Erica Schlaikjer