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FEI acknowledges and thanks MARSHA HUNT for her year of achievement as Board Chair, 2012-2013 CHAIR TRIBUTE Marsha Hunt didn’t plan to become a financial executive when she started on her career path more than 25 years ago, but her undergraduate studies at Bucknell University led her to a degree in accounting, which she followed with her CPA degree. She worked in the audit practice of Arthur Andersen and in various corporate control roles, including as the Assistant Controller of Corning Inc. Since 2003, she’s with Columbus, Ind.-based Cummins Inc., now serving as Vice President – Corporate Controller of the global provider of power technologies. Hunt also didn’t plan to be chair of Financial Executives International. Accepting the position last year, she noted that “FEI has always been something special to me. It’s been an important part of my life.” In addition, she expressed pride in the “respect and esteem afforded FEI by regulators, standard setters, high-profile sponsors and the media.” She deems it a “milestone in one’s career when the level of responsibility to qualify for membership in FEI is achieved.” She added that “FEI’s global activities enhance our brand recognition and also relevance to our members,” and that “the more we understand about other parts of the world, the more we will understand the economic environments in which we operate.” During the last year, FEI has broadened its quarterly economic survey to include feedback from financial executives in France, Italy, Mexico and Japan. FEI’s Japan Chapter, just launched in 2012, is growing in membership and is making ongoing progress with programs and sponsors. Another global initiative is the United Kingdom (an event is planned for May), and discussions to link with executives in more countries continue. In expanding FEI’s influence domestically, Hunt says that activities such as the Washington fly-ins “are very important.” Under her tenure, FEI has delivered approximately 20 comment letters to regulators, standards setters and Congress. In addition, FEI staff and members have testified before Congress on subjects such as the impact of taxes on private companies and derivatives regulation. “Our efforts to be at the table on a variety of business topics — not just accounting standards — cannot be underestimated,” said Hunt when she became chair. In this regard, FEI recently formed the Private Companies for Tax Fairness, a coalition of large and middle-market privately held and/or family-owned companies, to provide a voice for thousands of private companies in the coming tax reform debate in Congress. The group held its first series of meetings with lawmakers in early April. Hunt’s involvement with FEI is extensive. She has been a member of FEI’s Indianapolis Chapter since 2000. She has served at the national level on numerous committees, including the Committee on Corporate Reporting and the FEI Board of Directors, as well as supporting many activities at the national level, such as the Hall of Fame and serving as a Trustee of Financial Executives Research Foundation (from 2003-2009). During her year as chair, Hunt has been at the helm of FEI during a pivotal time, as the organization continues to align its structures, processes and culture with the mission and vision of FEI. She led the Board with a professional focus on long-term strategies and the mitigation of risk, and her commitment to improving FEI across all areas will surely serve as her legacy. UNCOVER MORE AT FEI-SUMMIT.ORG 73
GARY R. KABURECK has been an active and visible member of Financial Executives International for nearly two decades while at the same time engaging in his career of leadership, expertise, service and global recognition. He has served as Vice Chair of FEI’s Committee on Corporate Reporting (CCR) as well as serving on various standard-setting board advisory committees at the Financial Accounting Standards Board (FASB) and Public Company Accounting Oversight Board (PCAOB). He has spoken before the U.S. Congress and other governmental bodies on various proposed legislative actions and has been a strong voice for FEI and financial executives at the national and global levels. Kabureck has 28 years of experience with Xerox Corp., culminating as Vice President and Chief Accounting Officer, where he had global responsibility at the $22 billion technology and services company for both International Financial Reporting Standards (IFRS) and U.S. generally accepted accounting principles (U.S. GAAP) processes. That involved leading a team of more than 1,200 accountants worldwide, oversight of Xerox’s accounting policy development, implementation of new accounting procedures, internal and external financial reporting as well as internal controls. Prior to Xerox, he worked for PwC for 10 years. Peers in the Rochester Chapter describe Kabureck as a “thought leader and recognized expert in financial reporting matters,” as well as a “natural leader, who is the chapter’s strongest voice on technical matters at a national level.” They also acknowledge his willingness to share his global experiences and knowledge with the chapter members and to serve as a speaker at meetings. Kabureck served as Rochester Chapter President from 1999-2000 (after having joined and immediately serving on the chapter’s Board of Directors) and recognized the changing landscape of the business community by supporting outreach to a group of members that was historically under-represented in the chapter. As such, he continued to build chapter programs and membership within the evolving business environment. Though he eventually worked several hundred miles from where he lived in the Rochester area, he remained involved as much as possible with the chapter. He earned a Bachelor of Science Degree in Accounting at the University of Bridgeport in 1975 and a Master of Business Administration (Finance, General) in 1981. Kabureck was appointed a Member of the International Accounting Standards Board (IASB), and is based in London since his assignment began in April 2013. Married for 34 years, Kabureck and his wife have raised two children, a son and a daughter. 2013 Summit Leadership Conference | May 4–6 | Las Vegas MICHAEL (“MIKE”) MCNAMARA is the ultimate professional in his work, as well as in his dedication to his colleagues, family and to the success of Financial Executives International, through his local chapter and the national organization. He is a man of significant achievement in serving as Vice President Finance, Secretary and Treasurer for Tom’s Quality Millwork and Hardwoods Inc. in Campbellsport, Wis., as well as in his service to FEI’s Northeastern Wisconsin Chapter. When the subject of FEI member recruitment comes up, the name Mike McNamara comes to mind. Born and raised in Wisconsin, McNamara has spent his entire academic and professional career there. He graduated magna cum laude from the University of Wisconsin – Oshkosh in 1973 with a Bachelor of Business Administration Degree in Accounting, became a certified public accountant and has been the financial officer for several small-to-midsized, familyowned firms. He also spent four years with Grant Thornton LLP and two tenures with Mercury Marine, a business unit of Brunswick Corp. He joined the Northeastern Wisconsin Chapter of FEI in 2002 and became its president in 2007. He continues to serve on the chapter’s Board of Directors and Executive Committee, as well as on several other committees. It was during his presidency that he became involved in recruiting new members and remains the chapter’s Membership Chair. McNamara’s passion for FEI is evidenced by the key role he has played in helping his chapter more than triple in size — from 62 members in 2003 to 210 currently. The chapter has won the Membership Development Award for the last six years in a row, as it leapt from a tier-two (50-99 members) to tier-four size (200-299 members) chapter. McNamara has been involved with FEI at the national as well as at his local level. He has served in leadership roles in the Midwest Area under the prior governance structure, becoming Midwest Area Vice President, and he’s completing his final year on the National Board of Directors. With this winding down, he has already expressed his interest in having more time to recruit for his Northeastern Wisconsin Chapter, noting that 300 members is a strong possibility. McNamara and his wife Loula, who were high-school sweethearts, have two married children and five grandchildren.
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