April 2010 Newsletter - Financial Executives International

APRIL 2010 ISSUE
A P R I L 1 5 , 2 0 1 0
* A C A D E M I C A W A R D S N I G H T *
Dinner Session: Ray Davis, President and CEO of Umpqua Holdings Corp.
6:00 PM Networking | 6:45 PM Dinner | 7:15 to 8:00 PM Speaker
PORTLAND
Newsletter
Ray Davis is President and CEO of Umpqua Holdings Corporation. Ray has
built Umpqua on the belief that a strong culture is a critical part of building a
great company, one able to survive and thrive in even the toughest economic
environments. The vitality and success of Umpqua’s culture has been
instrumental in Umpqua being named to Fortune Magazine’s ―100 Best
Companies to Work For‖ list for the last three years. Umpqua has also been
named to Oregon Business magazine’s 100 Best Companies to Work for in
Oregon twelve times. In December 2009, Umpqua was recognized by the
Portland Business Journal for the fifth year as the Most Admired Financial Services Company
in Oregon as voted by Oregon CEO’s.
Ray joined Umpqua Bank in 1994 and has grown the bank from six banking locations and
$140 million in assets to 150 stores and more than $8 billion today. He has chronicled this
path to expansion and originality in his highly-acclaimed book, Leading for Growth: How
Umpqua Bank Got Cool and Created a Culture of Greatness, which has been praised by
business publications and leaders for its clear-cut take on innovative leadership. Leading for
Growth uses illustrations from his journey at Umpqua to outline how any business leader can
create a culture that propels exceptional growth.
National publications including the Wall Street Journal, the New York Times, Fast Company,
Business Week, Business 2.0, The Economist, CNBC and Newsweek have acknowledged the
bank’s strategy, innovation and growth.
PD Session: Bill Douglas, President of Cost Advisors
“Succession Planning”
5:00—6:00 PM Speaker Presentation
Bill Douglas is the President of Cost Advisors, a consulting firm based in
Portland that he founded in 1999. Cost Advisors’ focus is risk management,
fraud and recovery.
Before founding Cost Advisors, Bill held management positions in Accounting,
Sales and Marketing at Tektronix, Inc. and FLIR Systems, Inc. He has also
been an auditor with Deloitte & Touche and CFO of a software firm. Bill
graduated Summa Cum Laude from Villanova University with a B.S. in
Accounting. He is a CPA, Certified Fraud Examiner, Certified Internal Auditor,
Certified in Financial Forensics and an Oregon Licensed Private Investigator.
He is a frequent speaker, writer and trainer on topics related to internal controls.
Bill is Chairman of the Business & Industry Committee of the Oregon Society of CPAs and is a
board member of the Oregon Association of Certified Fraud Examiners and an officer of the
Oregon chapter of the Institute of Internal Auditors. Bill is also a member of the Association
of Certified Fraud Examiners, the American Institute of CPAs, and the Oregon Association of
Licensed Investigators.
April 15, 2010
Multnomah Athletic Club
4:00 PM Career Management—Hank Heath, On-Site Financial
5:00 PM Professional Development—Bill Douglas
6:00 PM Social Hour—hosted refreshments
6:45 PM Dinner
7:15 PM Dinner Speaker—Ray Davis
8:00 PM Adjourn
Make your reservation online today!
Please click HERE to register for the Dinner
Please click HERE to register for the PD Session
Or contact Kelly at portland@financialexecutives.org or call 973-765-1012
PRESIDENT
Kyle M. Davidson
Director of Finance & Accounting
Stoel Rives LLP
VICE PRESIDENT PROGRAMS
John Braxmeyer
VICE PRESIDENT MEMBERSHIP
Mike Williams
Chief Financial Officer
Silver Eagle Manufacturing
SECRETARY
Allison Fox
Director of Accounting & Finance
Norm Thompson Outfitters, Inc.
TREASURER
Steve Peterman
DIRECTORS
Sugie Joseph
Senior Manager of Financial Analysis &
Projects
Port of Portland
Paul Douthit
VP Finance
TRM Corporation
Teresa Learn
Controller
CareOregon Inc
Wayne Marschall
Partner
Tatum LLC
Jeff Slaughter
Account Manager
Connolly Consulting
Kirk Stevens
Controller & Assistant Treasurer
Portland General Electric Company
Steve Babcock — Past President
CFO & Consultant
CHAPTER ADMINISTRATOR
Kelly McGee
973.765.1012
portland@financialexecutives.org

M E S S A G E F R O M T H E P R E S I D E N T
Well, I heard the weatherperson say that March went in like a lamb and out like a
lion. Who knows what April showers may bring – more sunshine than rain, I hope.
At our March meeting we enjoyed a lively question-and-answer session with speaker
Merritt Paulson, owner of the Portland Timbers and Portland Beavers. Special thanks
to Steve Babcock for asking good, probing questions. We also had an excellent
professional development session on Succession Planning for family businesses by
Eugene Wallace of Excell Oregon and Family Business Advisors. Our April 15 meeting
is sure to top that, when we will be having our Academic Night. Ray Davis, President
and CEO of Umpqua Holdings Corporation, will be our dinner speaker, and Bill
Douglas, President of Cost Advisors, will speak about Fraud in the Workplace for our
professional development session. Register here.
Academic Night
We are excited about our Academic Night on April 15, where in combination with our dinner meeting we
will be hosting five college juniors, all majoring in accounting or finance. They will be selected for a
chapter award of $1,500 each, one from each area university: University of Oregon, Oregon State
University, Portland State University, University of Portland, and Washington State University at
Vancouver. Robert Half Management Resources continues to be the sponsor of Academic Night, and we
truly appreciate its involvement and support. A special thank you to David Stubing, our Academic Night
Chairperson, who has coordinated this event.
Photographer
We annually ask a photographer to come and take photographs for Academic Night. All members are
encouraged to get a professional photograph taken to be put into our Membership Directory. If you
don’t yet have a photograph in the directory, please come to the April 15 meeting to get one taken. We
can also give you an electronic copy of your photograph so you can have it printed and framed to give to
your mother. (Mother’s Day is May 9!)
Combined Local and National Dues Billing in 2010-2011
You probably have wondered why you get invoiced twice a year, once for National dues and once for
local dues. This is because the National office bills you on your membership anniversary date and the
Portland Chapter bills you annually each summer for the current fiscal year ending June 30. The
Portland Chapter has decided to simplify our billing process to combine the dues for local and National
onto one invoice next year, on your anniversary date. To implement this change, there will be a onetime
stub period billing to pay your local dues from the July 1 fiscal year billing date to your anniversary
date. A full explanation of this change has recently been emailed to you and will also be included with
your stub period invoice. Thank you for your cooperation and payment during this billing transition. We
believe it will make it easier for you to get approval for payment just once each year instead of twice.
See you April 15 at our next meeting!
Best Regards,
Kyle Davidson, President
Portland Chapter, FEI

Dear FEI Portland Chapter Member:
M E M B E R S H I P N E W S !
Thank you for such a successful prospective membership mixer in March. We had seven first time
attendees:
Justin Sandall, CFO of Imperial Manufacturing; Jim Horswill, In-transition; Jeff Peterson, In-transition;
Sam Reinkensmeyer, CFO at gDiapers; Joel Richter, VP Finance of Pedigo Products; Donna Rocco,
Controller at Mercy Corps; and Jeff Stephens, CFO of Sabrix.
It is because of members like you that we continue to be one of the strongest chapters west of the
Mississippi. As we close in on the end of the FEI chapter year we need to make that extra push to start
off next year with even more members.
If you contacted a prospective member for the March meeting and they wanted to attend but couldn’t
make it, do invite them for April. One of the things I’m most proud of is the FEI Academic Night where
we recognize outstanding accounting and finance students from the universities in Oregon and southwest
Washington.
This is another great way to showcase FEI and the Portland Chapter’s local involvement. So if you’ve got
someone who would be a great addition to the chapter please ask them to attend the April 15 th meeting.
Time is running out so if you don’t do it now it might be too late for April.
Thanks again for your support,
Mike Williams
Membership Chair
M A R K Y O U R C A L E N D A R S F O R T H E
F E I P O R T L A N D
G O L F O U T I N G O N J U N E 8 T H
Mark your calendars for our golf outing on Tuesday, June 8, at a golf course yet to
be determined. The format will be a scramble, so you don’t need to be a solid
golfer to have fun and win prizes. Plan to get there at noon for warm up and a
box lunch and our tee times will begin at 1:00. Cost will be $80 per person, which
includes the golf round, lunch and dinner, beverages, and prizes. You are welcome
to bring prospective members. Be looking for more details to follow.
W E L C O M E N E W F R I E N D
We want to welcome our new Friend, ViaWest, a leading provider of business web hosting, data center
and dedicated hosting solutions in the Western United States.
V O L U N T E E R S N E E D E D !
Academic Night – We need a few volunteers to host each student award winner at the dinner meeting on
April 15. If you can help, contact David Stubing at davidstubing@comcast.net.
Golf Committee – Please contact Kirk Stevens if you are interested in helping on the golf committee at
Kirk.Stevens@pgn.com

C O M B I N E D D U E S B I L L I N G - W H A T I S I T ?
Dear Members,
The Portland Chapter is moving to a combined billing system for both National and local Chapter dues
effective with the 2010-11 Chapter renewals. Moving to this system administrated by Headquarters will
allow you to receive just ONE bill per year for both Chapter and National dues, as well as reduce the level
of local administration for the billing process.
Beginning next year, you will receive just one bill annually on your National anniversary date that will
cover both your National and your local Chapter dues. You will no longer receive a separate billing from
the local Chapter.
However, to move everyone on to this system, we must first 'true-up' your current Chapter memberships
to your National anniversary dates. This April you will receive a onetime invoice from Headquarters covering
the period from July 1, 2010 (our normal Chapter renewal date) to your National anniversary date. This invoice
covers just your local Chapter dues for this period and will be calculated based on the number of months
from July 1, 2010 to your anniversary date times $220 or $110 (depending upon your local Chapter
dues) divided by 12 months. The reason these bills are coming out in April is to give you 90 days notice
prior to the normal July 1 payment renewal date.
Still confused? Let's try an example!
National Anniversary Date - November
National Membership Year - November 1, 2010 to October 31, 2010
Chapter Membership Year - July 1 to June 30
Last Year: Chapter dues billed in June for July 1, 2009 through June 30, 2010 = $220
National dues billed in August for November 1, 2009 through October 31, 2010 = $495
This Year: ONE TIME ONLY - Chapter dues billed in April 2010 for a stub period July 1 st 2010 to October
31st 2010 - 4 months ($220/12 months * 4 months) = $73.33. In August 2010, combined National and
Chapter dues billing sent for November 1, 2010 through October 31, 2011 = $715.
Next Year: Chapter and National dues billed together in August 2011 for November 1, 2011 through
October 31, 2012.
So please do not ignore the invoice you receive in April, as payment of this invoice will be required for you to
continue receiving access to the local Chapter after July 1, 2010.
If you have questions, please feel free to contact our Treasurer – Steve Peterman at
Mountainhawk82@aol.com or our President – Kyle Davidson at kmdavidson@stoel.com.
Best Regards,
Kyle Davidson
President
Portland Chapter - FEI

C H A P T E R F R I E N D S !
S P O T L I G H T F R I E N D F O R M A R C H : R O B E R T H A L F
Robert Half Management Resources, a division of Robert Half
International Inc. (RHI), is the world's premier provider of senior
-level accounting and finance professionals on a project and
interim basis. We provide companies cost-effective solutions to
their project staffing needs in areas including: Accounting,
Finance, Interim Management, Information Technology, Audit &
Compliance, Taxation, Treasury and Operations Management.
Highly experienced finance and accounting project professionals
work for Robert Half Management Resources because of our
rewarding engagements and competitive pay. Through
relationships with top industry organizations, including the
Institute of Internal Auditors, Financial Executives International,
and the American Institute of Certified Public Accountants, we
also provide extensive professional development opportunities.
In combination with an array of on-line learning programs, we
enable our consultants to continually improve their skill sets and
increase the value they provide to our clients.
Robert Half Management Resources is headquartered in Menlo
Park, CA, and has more than 145 locations worldwide.
Tom Rattle
Account Executive
Robert Half Management Resources
222 SW Columbia Suite 800
Portland, OR 97201
(503) 525.8853
thomas.rattle@rhmr.com
Debra Merrill
Division Director
Robert Half Management Resources
222 SW Columbia St., Suite 800
Portland, OR 97201
(503) 525-8853
debbie.merrill@rhmr.com
T H E P O R T L A N D C H A P T E R W O U L D L I K E T O T H A N K O U R
F R I E N D S

S A V E T H E D A T E !
April 15, 2010
*********************ACADEMIC NIGHT********************
DINNER: Ray Davis, President Umpqua Bank
PD: ―Fraud in the Workplace‖ Bill Douglas, Cost Advisors, Inc.
Career Management: Networking, Hank Heath, On-Site Financial, Inc.
May 20, 2010
DINNER: Jim Mark, Melvin Mark Properties
PD: ―The Permission Principle‖ Sari de la Motte, Nonverbal Solutions
Career Management: Negotiating a Promotion, Lara Cunningham, Waldron & Comp.
Additional Chapter Events
June 8, 2010: Golf Outing, Golf Club to be Determined
June 17, 2010: Special PD Session on Globalization, including IFRS Discussion
P E O P L E O N T H E M O V E !
Congratulations to these FEI members who took the following new positions:
Kerry Rea
CFO
Solar Nation
Kerry.rea@solarnation.com
503-502-9501
Wayne Marschall
Senior Vice President, Portfolio Finance
Aequitas Capital Management
wmarschall@aequitascapital.com
503-419-3569