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Connect Magazine | March 2014 March 2014 ConnectThe magazine for EY alumni The buck stops here! A look at leadership through the eyes of three alumni CEOs: Monique Leroux, Cindy Taylor and Michael Strianese Mark Weinberger Shaping the vision Randy Lewis No greatness without goodness Also featuring Also Alice Schroeder Outside her comfort zone Dave Kautter and Cindy Rooks Many happy returns © 2014 EYGM Limited EYGM . All Rights Reserved. Could you be one of the architects of a better working world? It takes a certain kind of person to build a better working world. Someone who believes that the world can work better — one client at a time, one project at a time. Could you be one of them? Visit ey.com/careers. elcome EY alumni One of my greatest pleasures is watching people I know W develop into leaders — both inside and outside of EY. In this issue of Connect, we talk to EY alumni Monique Leroux, Michael Strianese and Cindy Taylor — all CEOs of major corporations — on the subject of leadership. What does it mean to them? What are the challenges? How are they nurturing the next generation of leaders? While their approaches to leadership may vary, our three CEOs agree on two things. First, while they find being CEOs intensely rewarding, it also means that, Stephen R. Howe Jr. within their respective organizations, the buck really does stop with them. Second, all three unequivocally trace their leadership roots to the values, skills, mentoring and experiences they acquired while at EY. I could not be more proud. Also in this issue we introduce a new section: Building a better working world. Here, we tell the story of an EY alum doing something extraordinary in improving the world around us. Every day I hear about the many things our alumni are doing to help build a better world. However, I encourage you to read the amazing story of the vision, courage and compassion of Randy Lewis, recently retired senior vice president at Walgreens, and how his efforts there continue to benefit the disabled. I was inspired and think you will be, too. EY’s Vision 2020 states, in part, that we will encourage the development of the people who are — and will be — the builders, the visionaries and the achievers of a better working world. When I reflect on all that Monique, Mike, Cindy, Randy and the other alumni featured in this issue are doing, I’m confident we’re on the right path. Stephen R. Howe Jr. EY Americas Managing Partner and Managing Partner, Ernst & Young LLP (US) Connect March 2014 1 In this issue Monique Leroux, chair, president and CEO of Michael Strianese, chairman, president and CEO of Cindy Taylor, president and CEO of Desjardins Group L-3 Communications Oil States International On the cover A few years ago, USA Today named EY a “top five leadership factory” due to the high percentage of our alumni who go on to serve in top leadership positions in major corporations. In this issue, we talk to three of those alumni, Monique Leroux, chair, president and CEO of Desjardins Group; Michael Strianese, chairman, president and CEO of L-3 Communications; and Cindy Taylor, president and CEO of Oil States International, about what leadership means to them and the challenges they face as leaders of their organizations. 2 alumni.ey.com March 2014 Features ConnectThe magazine for EY alumni 04 The buck stops here Three alumni CEOs share their perspectives on leadership and find that, Editor-in-Chief: Jeff Anderson while their styles may vary, when it comes to making the tough leadership Managing Editor: Jay Seither decisions, the buck truly does stop with them. Writers: Anne Lampert, Jay Seither, Carey Smith-Marchi, John Ward 12 Shaping the vision Creative Director: Donald Batting Learn about Vision 2020, leadership and the power of alumni in a Q&A Contributing Editor: Ellen Lask with Mark Weinberger, EY’s Global Chairman and CEO. Photography: Jonathan Gayman, Robert Thomas 16 No greatness without goodness Connect magazine is printed in the US by Great Former EY partner Randy Lewis’ groundbreaking efforts at Walgreens are helping Lakes Integrated. to build a better working world for the disabled. For further information on Connect, please contact 18 Many happy returns Jeff Anderson at [email protected] Notable tax alumni Dave Kautter and Cindy Rooks have followed very different or +1 404 817 4875. career paths, but they share a common foundation shaped during their time in the EY Tax Practice. 24 Outside her comfort zone EY | Assurance | Tax | Transactions | Advisory Perhaps best known for her best-selling biography of Warren Buffett, alumna About EY Alice Schroeder is constantly seeking new experiences and enjoys making a EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we positive impact behind the scenes. deliver help build trust and confidence in the capital 26 Alumni Council members in focus markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises From the front lines of the conflict in Afghanistan to the second largest school to all of our stakeholders. In so doing, we play a critical district in the US, Alumni Council members Matt Sicinski and Paul Ishimaru are role in building a better working world for our people, for both helping to build a better working world. our clients and for our communities. 31 Alumni Relations around the world EY refers to the global organization, and may refer to Travel to Israel to discover more about alumni relations in this innovative one or more, of the member firms of Ernst & Young country, and meet EY Israel Chairman Ronen Barel, as well as retired partner Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by Itzhak Forer, whose daring and vision helped build the dominant accounting guarantee, does not provide services to clients. For more practice there. information about our organization, please visit ey.com. Ernst & Young LLP is a client-serving member firm of News Ernst & Young Global Limited operating in the US. EY Canada refers to Ernst & Young LLP which is a 34 Board and Governance Forum convenes client-serving member firm of Ernst & Young Global A recap of our most recent Forum for EY alumni who serve on corporate boards. Limited operating in Canada. 36 Alumni in the news and new alumni snapshots EY Israel refers to the client-serving member firms of Highlighting recent achievements of your friends and colleagues. Ernst & Young Global Limited operating in Israel. 41 Alumni events gallery © 2014 EYGM Limited. All Rights Reserved. A snapshot of recent alumni events throughout the Americas. Proprietary and confidential. Do not distribute without written permission. EYG no. QQ0384 ED 0414 The opinions of third parties set out in this publication are not necessarily the opinions of the global EY organization or its member firms. Moreover, they should be viewed in the context of the time they were expressed. In line with EY’s commitment to minimize its impact on the environment, this document has been printed on paper with a high recycled content. Connect March 2014 3 The buck stops here A look at leadership through the eyes of three alumni CEOs Cindy Taylor Michael Strianese Monique Leroux 4 alumni.ey.com Leadership. There’s little debate that In this issue of Connect, we explore the meaning of leadership with three of the more than it’s critical to any successful 250 EY alumni in North America who serve as CEOs of major companies. Our executive venture, whether a business, a trio largely agrees on the core components government, the military or the of leadership, including the ability to inspire, unite and strategize. They also concur on such local PTA. However, try to define leadership prerequisites as deep knowledge of their given field and outstanding management leadership and the responses and interpersonal skills. are as wide-ranging as the The differences among our CEOs’ perspectives on leadership are subtle, people you ask. A quick search perhaps amounting to a matter of emphasis. For example, Cindy Taylor, CEO of Oil States on Amazon.com returns more International and recent appointee to the board of AT&T, approaches her role primarily than 100,000 titles on the topic as that of a team-builder and enabler. Mike of leadership. Barnes & Noble Strianese, CEO of L-3 Communications, says what’s most important in his industry is setting offers more than 700 volumes and upholding a culture of ethical excellence. For Monique Leroux, CEO of Desjardins Group, on “leadership theory and leadership is about positive feelings and the ability to convey a passion for excellence and practice” alone. team spirit to everyone in her organization. In the course of our conversations, all three words: Jay Seither photos: Jonathan Gayman CEOs, without prompting, mentioned that within their respective organizations, the buck truly does stop with them. They’ve all agonized over difficult decisions. One went so far as to say, “If you’re not careful, it really can be lonely at the top.” However, all agreed that being in a position to drive an organization — and the people in it — to grow and succeed is the joy and passion of their lives. They wouldn’t want to do anything else. It’s what makes them all leaders. continued on page 6 Connect March 2014 5 The buck stops here: a look at leadership through the eyes of three alumni CEOs Monique Leroux: leading from the heart Leadership is one of Monique Leroux’s favorite topics.
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