The Los Angeles Business Journal Presents - Cbjonline.com

44 AN ADVERTISING SUPPLEMENT TO THE LOS ANGELES BUSINESS JOURNAL SEPTEMBER 12, 2011
Los Angeles Business Journal’s
Fifth Annual CFO of the Year Nominee Finalists
Continued from page 42
and has been able to maintain a reasonable
yield on their portfolio under
Schaefer’s leadership. His vision and
conservative investment strategy
grew the bank from a start up De
Novo to a formidable institution of
$1 billion in assets.
MARK SEGAL
PRECISION DYNAMICS
Thanks to Segal’s
ability to understand
every
market segment
Precision
Dynamics deals
with, they continue
to see growth
year after year.
It’s a good thing
Mark Segal came
into his current job
role with CFO experience
because he’s
used every bit, plus
some, while staying
on top of things at
Precision Dynamics.
Precision Dynamics plays in so many
different and unique industries, it
requires Segal to be able to understand
the different market trends and
financial dealings within each segment.
He uses his deep breadth of
knowledge to assist him in the day to
day transactions and financial planning
with the following industries:
health care, leisure and entertainment
and law enforcement sectors.
Thanks to Segal’s flexible manage-
ment style and the ability to understand
every market segment Precision
Dynamics deals with, they continue to
see growth year after year.
AL SOMMERVILLE
JAY NOLAN
COMMUNITY SERVICES INC.
Al Sommerville
became the Director
of Finance for Jay
Nolan Community
Services in 2001. At
that time, the entire
agency was in deep
fiscal crisis. Since
taking over at that
very difficult time, Sommerville has
developed a new accounting team for
the organization, but beyond that,
what he has achieved for the organization’s
finances has far exceeded
expectations.
Jay Nolan Community Services’
financial reputation has improved dramatically
with its funders, auditors,
vendors and other key stakeholders.
Auditors have now given the organization
a “clean bill of health” for each of
the last eight years, and billing is done
and collected on time and accounts
payable are paid on time. Thanks to
Sommerville, the organization is in
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such good financial shape that it has
not had to use its line of credit in more
than six years.
SUSAN STEL
LOS ANGELES COUNTY
ECONOMIC DEVELOPMENT CORP.
Since joining the
LAEDC in 2005,
Susan Stel has combined
her private sector
experience with
her expertise as a
Certified Public
Accountant to
strengthen the
LAEDC’s financial reporting, internal
controls and benefits offering to the
company’s 43 employees.
Her dedication, due diligence and
strong work ethic has led to the completion
and implementation of several
noteworthy accomplishments that
significantly enhance the company’s
overall operations, and in many cases
have resulted in dramatic cost savings.
These are especially important
during a time when more and more
organizations are faced with severelyreduced
budgets and need to ensure
that their investments in the mission
of the LAEDC are managed as efficiency
as possible.
LOU STRUETT
MAGTEK
Struett has
overseen the
organic growth
of Magtek
through nearly
constant
innovation.
Lou Struett co-founded
Magtek in 1972.
Even though his first
employer which was
developing mag
stripe technology dissolved,
he was not
discouraged and
quickly started
Magtek. From day one, his vision of
creating a safe and worry free environment
to bank, shop, work, play, communicate
and exchange services has
held true. Struett has overseen the
organic growth of Magtek through
nearly constant innovation.
Struett focuses a large majority of his
time on ensuring the company’s products
and financial processes are federally
complaint. In this highly regulated
industry segment compliance and regulations
are always scrutinized. Struett’s
job as CFO is not a simple task, but his
cheerful and positive work ethic have
created a history of success for Magtek.
TODD SWEAT
VACO LOS ANGELES, LLC
Todd Sweat is the Chief Financial Offi-
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