The American Institute of Certified Public Accountants has selected three 2008 inductees into its Business and Industry Hall of Fame, an annual event sponsored by the Mergis Group, a specialized finance and accounting placement firm.
"The 2008 winners exemplify the strategic value of a CPA working in business and industry and demonstrate how a company can leverage the CPA skill set," said Christopher McKittrick, CPA, AICPA director of business, industry and government. "Each Hall of Famer was selected based on contributions to his respective organization's success. All three share the commitment to top-flight leadership skills, compassion and moral strength, which are the leading character traits of today's CPA."
The 2008 inductees are CB (Mike) Harreld, Jr., executive vice president and chief financial officer, Southern Company Transmission, Atlanta; Gary Kaburek, corporate vice president and chief accounting officer, Xerox Corporation, Norwalk, CN; and Paul J. MacDonald, vice president of Finance, Detroit Red Wings, Detroit.
CB (Mike) Harreld, Jr., CPA
During Harreld's 26-year career with Southern Company and its subsidiaries, he has directed programs to reduce administrative costs through technology and other efficiencies and provided leadership and direction for the company's Sarbanes-Oxley 404 compliance efforts. He has been responsible for significantly reducing interest costs by refinancing $3 billion of long-term debt. Harreld's international experience includes serving as CFO of Southwestern Electric, Bristol, England and as CFO of Mirant Europe in Amsterdam, Netherlands. He also served as the keynote speaker at the National Electric Grid Conference July 2007 in Beijing, China. Harreld was inducted into the University of Kentucky's Gatton College of Business and Economics Hall of Fame, February 2008, has been recognized by the Georgia Society of CPAs as Outstanding Member in Industry for 2007, and received the Kellogg Volunteer Award from the Metro-Atlanta YMCA Board in recognition of 30 years of service to the Metro Y and its branches.
Gary R. Kaburek, CPA
As Xerox emerged from a significant turnaround period, Kaburek played an important role in aligning the accounting and internal control organizations with the company's new business model. He led the Xerox implementation of the Sarbanes-Oxley Act and other regulatory initiatives and has been a strong supporter of the recruitment, training, promotion, and mentoring of CPAs, and is chief accounting officer for the $17 billion company. Kaburek serves on the Committee on Corporate Reporting of Financial Executives International, and is a member of the Financial Accounting Standards Advisory Council to the FASB and a member of the Standing Advisory Group of the PCAOB. He is a frequent international speaker on current corporate accounting issues.
Paul J. MacDonald, CPA
Overseeing an $80-$100 million budget for the Detroit Red Wings, MacDonald manages a wide range of business operations including all daily accounting functions, budgeting, internal and external reporting, audits, insurance, and tax matters. In his tenure with the Red Wings, Paul has been an integral part in cost cutting for the team. He also has been able to take what was a cost center, and turn it into a profit center by recognizing that a need existed for visiting broadcasters, and work toward filling those needs. MacDonald served on the NHL's League-wide Insurance Advisory Group and the Unified Report of Operations Advisory Group. His name is one of only a handful of NHL Club senior financial executives whose names are inscribed on the Stanley Cup for 2002, one of the years the Red Wings won the Cup. He volunteers a good deal of time in an effort to convince high school students to consider becoming CPAs as their career choice.
"The Mergis Group is pleased to work with AICPA to recognize these outstanding leaders that are making significant contributions to the accounting profession," said Jack Causa, senior vice president and group executive of The Mergis Group. "This year's honorees exemplify all of the characteristics that define this prestigious award. We couldn't be more pleased with this year's selection of talent."
The three finalists were chosen by a panel of judges assembled by the AICPA. The judges were: Arthur Neis, CPA (2007 Hall of Fame Inductee); James W. Noyce, CPA, chief executive officer of FBL (2007 Hall of Fame Inductee); and Steve Kerrigan, regional managing director of the Mergis Group.
The AICPA Business and Industry Hall of Fame honors CPAs who provide insight and vision to their organizations, understand all facets of their enterprise, and demonstrate the leadership, commitment, and strategic ability necessary to help their organizations meet the challenges of today's dynamic market conditions. The 2008 inductions will take place at the Fall Controllers Workshop, November 13 in Lake Buena Vista, FL.
For more information about the AICPA Business and Industry Hall of Fame, please call the AICPA at (919) 402-4870 or e-mail [email protected].