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 Boeing 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 Sears Holdings 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.walgreens.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 Motorola 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 Allstate 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 Abbott Laboratories 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 John Deere 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 Exelon 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 Illinois Tool Works 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 Baxter International 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.officemax.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 Integrys Energy Group 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 cant 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 Anixter 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 Tenneco Inc.