The Arizona Chapter of Financial Executives International (FEI) held its fourth annual CFO of the Year Awards on Nov. 4. FEI Arizona presents the CFO of the Year Awards to financial professionals for outstanding performance in their roles as corporate financial stewards. The nominations and awards recognize exemplary financial management in all types of businesses: public, private and nonprofit. An impressive set of independent judges from local business and academia selected the winners based on their contributions to their respective organizations and their involvement in the community. The following CFOs were honored at the event:
Nonprofit CFO of the Year
Mary Jane Rynd
Executive Vice President and Chief Financial Officer
Virginia G. Piper Charitable Trust
The talent and drive that Mary Jane Rynd put into becoming the first female partner of a national accounting firm in Arizona is now benefiting one of the state’s largest nonprofits.
As executive vice president and chief financial officer, Rynd she oversees the investment management of the approximately $500 million endowment of the Virginia G. Piper Charitable Trust. She also supervises the trust’s investment consultants and staff in the investment committee of the board of trustees.
For more than a decade before Virginia Piper’s death, Rynd served as the philanthropist’s tax adviser. As a result, Rynd has a full understanding of Piper’s approach to her philanthropy — and translates that every day into the work and spirit of the trust.
“I think I’m really lucky, because the people that I work with are highly motivated, extremely good professionals,” Rynd said.
Among her achievements at the trust is the identification, purchase and complete renovation of the nonprofit’s current offices. Over the past four years, she also has managed the diversification of the trust’s investment portfolio.
Private Company CFO of the Year
In his 13 years as chief financial officer, Tim Einwechter has guided his company from a small startup to the $160 million corporation it is today.
When Einwechter began his tenure at the company that was then known as Alliance, he had to deal with cash shortages and other various financial struggles. He aggressively pursued investment capital that allowed the medical device company to take advantage of opportunities in its market. He also initiated a merger in 2005 that allowed the organization to continue growing, and played a key role when Stryker Inc. acquired the company, now known as Ascent Healthcare Solutions, in 2009.
“Life as CFO is not one of simply saying no,” he said. “Rather, it is one of bringing sense of reason to the discussions, understanding the business drivers and supporting what is important to drive the success of the business.”
Beyond the financials, Einwechter is committed to maintaining the ethics that make Ascent a success. In fact, the company’s mission statement of “Results, Integrity, and Quality” was coined by him. Einwechter’s understanding of what makes a business successful, along with a strong focus on ethical behavior, has created a shared ownership of the company’s commitment to integrity.