OFFICERS and DIRECTORS
2006-2007 President’s Message
Dear FEI Detroit Members:
PME Companies With winter finally over, I hope this newsletter finds all of you are
SECRETARY doing well. Whether you like to golf, boat or any other outdoor sport,
Jan P. Lower it’s time to enjoy the best of what Michigan has to offer.
Blue Line FoodService
Distribution Speaking of outdoor activities, your Board and Committees have been
TREASURER busy planning a few things of their own. Mark your calendars for the
Kevin J. Dunivin annual golf outing at the historic Detroit Golf Club on Friday, June 1.
Saturday, June 16 is Spouses night aboard the new Infinity Yacht.
Richard P. Blotner
This is a fabulous event you won’t want to miss. Saturday, August 4
Oracle Corporation is our annual family Tiger outing at Comerica Park. You can register
Sally Brandtneris on line at www.fei.org Just click on the link to the Detroit Chapter
JC Jones & Associates, LLC and register for the events. I hope to see all of you at these great
Thomas J. Butler Mark Rusch activities.
Greenpath, Inc. President
Robert M. Carrigan, Jr. On the indoor side, the Board just completed their quarterly planning
Bay Colony Equity Partners meeting in March. Among other things, the Board voted to change
the organization structure of the Detroit Chapter by providing for a
Bruce C. Greening
Vice President of Programs and a Vice President of Member Services.
Smith Barney, Inc. Both of these new positions will oversee the committees and events
Eugene Swinnerton related to their respective titles. The board also voted to revise the
University of Detroit Mercy sponsorship program to provide for a tiered approach with different
Carolyn Walton benefits at each level. Additionally, billing of National and Local
Blue Cross Blue Shield of dues will be combined and handled by the National office. We expect
Michigan this streamlined approach to take place around July 1. Each of these
Thomas G. Wolfe significant changes is in response to needs perceived by the board or
communicated by you to make the chapter activities more relevant
John G. Zimmerman
and meaningful for the membership.
Richard S. Abbey Our April meeting is a joint effort with the Association for Corporate
Consultant Growth to be held at the MSU Management Education Center in Troy
John D. Bohrer on Monday, April 23 at 6pm. It will be preceded by a professional
Bio-Serv Corporation development session at 5pm presented by Robert Half on Retaining
Leonard B. Carleton and Motivating Employees. Our guest speaker is Brian Baum of US
Community Choice Credit
Preventative Medicine. Please see his bio and info on his talk located
John H. Clough in the newsletter.
Suzanne H. Gilbert Finally, I want to again encourage anyone who would like to be
Consultant involved at the Chapter level to contact any Board or Committee
Robert R. Scherba member or myself. It’s a great way to extend the value of your FEI
Williams International membership and make your FEI experience more rewarding. Please
James A. Steel remember to invite a potential new member as our guest to our final
Flint Ink Corporation
meeting of this program year in April. I look forward to seeing all of
Gregory W. Ulferts
University of Detroit Mercy
you there. As always, I can be reached at
Neil C. Wester firstname.lastname@example.org.
All the best.
Upcoming Chapter Events
NOTE Time & Place Change for April 23, 2007
Monday, April 23, 2007 – MSU Management Education Center
Robert Half presents " Retaining and Motivating Employees" – 5:00 p.m.
Joint Event between ACG and FEI – 6:30 p.m.
Brian Braum, President & COO, U.S. Preventive Medicine, Inc.
U.S. Preventive Medicine: A new business model to cut the cost of healthcare
Friday, June 1, 2007 – Detroit Golf Club
FEI Detroit Golfers
Saturday, June 16, 2007 – Spouses Night
Infinity Cruise – 6:30 p.m. Boarding
Saturday, August 4, 2007 - Comerica Park Baseball Game
Tigers play the Chicago White Sox at 7:00 p.m.
Congratulations to FEI member Mark Copping who joined La-Z-Boy Inc. in Monroe, Michigan last summer as Vice
President, Corporate Controller and Chief Accounting Officer.
The next meeting of the Detroit FEI Career Services group will be Thursday April 19, 2007 from 4:30 p.m. to 6:00 p.m.
at the Oracle Offices in Troy. Their address is 3290 West Big Beaver Road, Suite 300, in Troy (N. of Big Beaver and
W. of Coolidge).
Callaway Partners has been invited to start off our meeting. They will discuss their organization and how they work
with experienced professionals to become employees and perform consulting assignments. I think you will find the
discussion informative and provide another type of opportunity for those in transition to consider.
If you are in active search mode or just considering some options, please join us. If you know someone who might be
a good candidate for FEI membership and needs some help with a career transition, please invite them to attend. If
you would like to be added to our e-mail list of new opportunities, please come to the meeting and bring a copy of
You have valuable experience that can help someone else who
needs your network and knowledge. Please join us even if you are
not in active search mode.
For more information, call Pat Zurlinden at 248-740-7152
Nominations for Officers and Board
The following nominations will be presented to the membership for an official vote at our
April 23, 2007 dinner meeting.
President Mark Rusch
Vice President of Programs Jan Lower
Vice President of Member Services Kevin Dunivin
Secretary/Treasurer Bruce Greening
Term expiring 7/31/2008
Term expiring 7/31/2009
Term expiring 7/31/2010
Bolded names require
Membership vote of approval
If you would like to get involved in a Chapter Committee, please contact
Jim Steel at email@example.com
Mark Rusch at firstname.lastname@example.org.
FEI Detroit Golf Outing and Dinner
Save the date of Friday, June 1, 2007 for the annual FEI Detroit Golf Outing at the Detroit Golf Club. Golfing in the
afternoon (have lunch there before golf if time permits) followed by cocktails and dinner. This is a great opportunity
to start the summer.
Date: Friday, June1, 2007
Place: Detroit Golf Club
Times: 12:00 – 2:00 p.m. tee times for golfers
5:30 p.m. – Networking and refreshments (Coats but not ties required)
6:30 p.m. – Dinner followed by prizes
Join Fellow FEI members for one of the most entertaining dinner meetings of the year. All chapter members are
invited to attend this final, informal dinner meeting of the chapter year. The dinner cost is included in your chapter
dues. It’s a fun event and an enjoyable evening with your fellow members and our host Detroit Golf Club members.
The Detroit Golf Club is located at 17911 Hamilton Road off Ponchartrain south of 7 Mile Road, west of Woodward
and east of the Lodge. The entrance is hidden among the hedges on the west side of the road which runs along the
west side of the Palmer Park golf course.
Golfers are invited to participate in the golf event that will begin mid-day on the two classic Donald Ross courses at
the Detroit Golf Club. This is a fun event and proof that our members are dedicated financial executives who spend
the majority of their time in the office and not on the golf course.
A member of the Detroit Golf Club will accompany each golf foursome. Rich Colletta, a member of the FEI and the
Detroit Golf Club is our host. You can sign-up as a group of three or as an individual. There is a greens fee charge
for golf that will be billed to you by FEI.
Prizes are awarded for unique golf accomplishments. Members who are able are encouraged to donate a prize or two
to the event. These can be brought to the club on the day of the event.
Enroll by Friday, May 18, 2007 on the Internet site, www.feidetroit.org, by phone, mail or by email to Rich Colletta.
Rich Colletta - phone: 313-300-6480 mail: 818 Whittier Road, Grosse Pointe, 48230
Email – email@example.com
I plan to attend dinner. ____ Your name _____________________________________
Steak _____ Fish_____
I plan to play golf.___ Preferred course: North ____ South____ No preference:_____
FEI Detroit Golfers: its tee off time!
employee benefit investments under management, or a
banking institution with $20 billion in assets.
Our Chapter is actively seeking top financial executives Audit Committee Member: Applicant must serve on
who play a vital role in ensuring the success of their Audit Committee of a company that meets FEI size
company and can benefit from participation in FEI. We criteria.
were successful in attracting several new members Academic: Only educators with the academic rank of
over the past two months with the special incentive dean, assistant dean, professor or associate professor
program. The Board of Directors, in concert with our are eligible.
National FEI, has extended the membership incentive
package to encourage prospective members to join Typical titles: CFO, Controller, Assistant Controller,
through April 2007. The Board has waived the local Treasurer, Assistant Treasurer, VP-Finance, General
Detroit Chapter dues, a $185 value, for the balance of Auditor, VP-Investor Relations, VP-Planning and
the 2006-2007 year. In addition, National has agreed to Analysis, VP-Pension Fund Investments, VP-Taxes,
waive one half of the $250 initiation fee (a $125 value) Director of Taxes or Treasury or Accounting or Finance,
during this recruiting campaign. Chief Accounting Officer, Member - Audit Committee.
There is a discretionary application for those outside
In addition, any U.S. member who joins FEI between the above parameters.
July 1, 2006 to April 22, 2007 is eligible to attend
FEI's Summit for FREE! The Summit is being held If you know someone that may qualify for membership,
May 20 - 22, 2007 in Boston. A $995 savings! Take why not tell them about FEI and invite them to the next
advantage of this offer as it expires April 22, 2007! dinner meeting? The dinner is free for the guest, and it
Many of us come into contact with other financial is an opportunity to meet our members and experience
executives, but may be reluctant to mention FEI one of monthly meetings.
because we are unsure of the requirements for
membership. To qualify, FEI members must hold an This is the time to recruit a new member!
eligible position and be employed by a company which SAVE $1,120
meets one of these criteria: WHEN YOU JOIN TODAY!
$5 million in net worth, or ($125 National Initiation Fee plus $185 Detroit
$15 million in capital (combined net worth & long- Chapter dues plus free registration for FEI's
term debt), or Summit May 20 - 22, 2007 in Boston.)
$20 million in operating expense.
Banking institutions must have $500 million in total Should you have any questions or would like us to
assets. contact a prospective new member, please contact us:
Government corporations/authorities must have
$100 million total assets.
The Chief Financial Officer of any SEC-registered
company is eligible for membership regardless of
Assistant Financial Executive: Requirement is 4x the
criterion for financial executive.
Subsidiary or Division: Requirement is the same BCGreening@comcast.net
criterion as parent company. 248-740-7142
Senior Specialist: Applicant must be employed by a SBrandtneris@jcjones.com
company with $1 billion in revenues or $250 million of 734-625-3838
An Evening on the Infinity Yacht
DATE: Saturday, June 16, 2007
PLACE: The Infinity Yacht (Jefferson Marina, St. Clair Shores)
TIME: 6:30 p.m. Boarding
7:00 p.m. Departure (Don’t Be Late)
11:00 p.m. Return
Spouses Night this year returns to the Infinity Yacht and an evening
cruise on Lake St. Clair and the Detroit River. Join your friends and
colleagues on June 16, 2007 for a night of dinner and dancing on what
has become one of Detroit’s premier destinations. Guests will enjoy a
panoramic view from virtually every seat of the glass-enclosed dining
room on the main deck. There is an open air upper deck that offers
spectacular views of Lake St. Clair, and the nighttime lights of downtown
Detroit and Windsor. The cruise will leave from the Jefferson Beach
Marina in St. Clair Shores. Boarding will begin at 6:30 PM, with cocktails and hors d'oeuvres begin
served. The Infinity will depart promptly at 7:00 PM and return at approximately 11:00 PM.
Since space is limited to 150 guests, and this has been one of Chapter’s most popular events in
recent years, please be sure to register early by visiting www.fei.org/chapter/detroit. Reservations
can also be made by contacting Steve Schmith at 248-722-9006, or firstname.lastname@example.org. Cost is
$100 per couple.
NOTE: Once the Infinity departs, it cannot return until the scheduled return time. Attire for the
evening is casual. Dress slacks but no jackets required for gentlemen. Ladies should plan on bringing
a light jacket for the winds on the water.
Professional Development Session
Retaining and Motivating Your Employees
Presented by Robert Half
DATE: Monday, April 23, 2007
PLACE: MSU Management Education Center
TIME: 5:00 p.m. Presentation
Whether you work for a family-owned business or a multinational corporation, it’s important to keep
current on retention and recruitment trends. To be successful, organizations need to have an effective
motivation strategy in place to ensure they are keeping their best employees. With accountants and
financial professionals at all levels in high demand, and seemingly numerous opportunities available for
them, this may be easier said than done. This presentation offers proven strategies for recruiting,
retaining and motivating top performers, while providing insight into empowering employees, providing
advancement opportunities, rewarding staff accomplishments, conducting effective performance appraisals
and creating a positive work environment.
Spring is here, so it's time once again to think about the annual FEI Detroit outing to see the Tigers play at Comerica Park.
We have reserved a block of tickets in section 325 for August 4, at 7 p.m., when the Tigers play the Chicago White Sox.
As in the past, spouses and kids are not only welcome, but encouraged to attend! The cost for this is $20 per ticket. To
register and pay online, please visit our website at
If you prefer to pay via check, please contact Rich Blotner at 248-614-5107, or email@example.com .
Take me out to the ball game
FEI’s Annual Summit is built upon the principles of networking and knowledge for financial executives - this engaging program will
deliver these values to you. The Summit2007 promises to address emerging issues and best practices, focusing on topics of critical
concern such as technology, leadership, corporate governance, financial reporting and corporate espionage.
Not the usual suspects.
Doris Kearns Goodwin Frank Abagnale
Presidential Con Man –
Historian Turned FBI Instructor
How to Play to Win: The Business of Sports
Athletes aren't the only competitor in the world of professional sports. Learn from finance executives representing Major League
Baseball and Boston's Pro teams as they share their experiences delivering winning teams - both on the playing field and in the margin.
Rich Gotham Sam Kennedy Johnathn
COO SVP/Sales Mariner
Boston Celtics Boston Red Sox EVP/Finance
Jack Mula Randy Vataha John Wentzell
General President President
Counsel Game Plan DNC-Boston
New England TDBankNorth
Patriots Boston Bruins
FERF’s Newest Research Publications
Below is a listing of FERF's newest research publications, free to all FEI members:
* Executive Compensation Survey
This survey will examine executives' direct compensation packages along with stock option plans and other non-cash compensation benefits. The
survey was launched via e-mail to over 9,000 active members. Over 1,800 members responded, which was closed on November 20.
* Sourcing-CFIT project
This project, with a working title of "Building the Agile Finance Organization," will provide a comprehensive overview of different ways to build
flexibility and agility into finance operations, including: Business Process Outsourcing (BPO), use of service providers, labor contracting, and use of other
professional service organizations. This report will help financial executives understand the economics of alternative approaches to sourcing, including
their costs and benefits. Participants will be able to benchmark the costs and benefits of their approaches against those of the other participants. FERF
staff is actively soliciting additional interviews.
* Understanding Different Cost Accounting Solutions - NJ Chapter, Committee on Government Business (CGB) Project
This report will describe the pros and cons of various product costing methods. A draft has been written and has been reviewed by staff and
FERF's research committee. The draft was then given to members of CGB for their review, to be discussed at the February 2007 meeting. The report
will be sponsored by the FEI NJ chapter.
* Technology Issues for Financial Executives
This report, based on the currently open 9th Annual Technology Survey, will provide a detailed analysis of the information technology (IT) practices,
priorities and problems that confronted senior financial leaders. The hard copy survey was mailed to members in January 2007.
* SEC Filings Database
FERF staff plan to build a database of information from Securities and Exchange Commission (SEC) filings. The goal is to develop an interactive
on-line database that can be accessed by FEI members from the FEI Web site.
President and Chief Operating Officer
Michigan Economic Development Corporation
U.S. Preventive Medicine, Inc.
DATE: Monday, April 23, 2007
PLACE: MSU Management Education Center Topic:
Troy, MI U.S. Preventive Medicine: A new business
TIME: 6:00 p.m. Networking and refreshments
6:45 p.m. Dinner model to cut the cost of healthcare
7:45 p.m. Presentation
Brian has taken a senior leadership position with U.S. Preventive Medicine® to assist in the launch and national marketing
efforts for U.S. Preventive Medicine. His extensive experience and contacts at the highest levels of the health care
industry bring tremendous value to the corporate team and our development efforts.
Brian founded and launched the Health Record Network Foundation (HRN) in March, 2004, in association with Duke
University - Fuqua School of Business, Duke University Health System and Duke Medical Center. HRN is a not-for-profit
organization designed to create consumer market demand for automated health information records and to support that
demand through the creation of a nationally branded service organization.
Prior to the formation of the Health Record Network Foundation, he accepted market and business development
responsibilities for Cap Gemini Ernst & Young's (CGE&Y) Financial Services practice - in addition to the Health practice
where he served as Chief Marketing Officer. As Chief Marketing Officer of CGE&Y's Health Services Sector, Brian led the
effort to reestablish CGE&Y's Health Services practice as the preeminent health services provider in the US market by
transitioning market recognition from Ernst & Young to Cap Gemini. He also established a partnership with Duke
University for the development of new health solutions and thought leadership content around key issues in the health
industry. As Managing Director of CGE&Y's Strategic Investments practice, Brian developed a growth and customer
development differentiator strategy to integrate financial investments into the core business focus of CGE&Y.
As CEO of WOW Worker, he created a market exchange and online workplace business model for the services industry -
a proposed business spin out from E&Y. Brian developed the business model, investment requirements, staffing
requirements and revenue model for the WOWworker market exchange. He conducted funding roadshows with large
venture capital firms including Kliener Perkins Caufield & Byers, General Atlantic, JH Whitney, Warburg Pincus and
others. Brian established the preliminary alliance relationship with Tom Peters, Inc., to use Tom Peter's concept of
"Working to WOW" in WOWworker product development and marketing. As the National Director - E&Y Online
Consulting Services he conceived, built, launched and managed Ernie, (the predecessor to WOWorker), an online service
delivery channel for E&Y. He directed the multi-disciplined Ernie team that included marketing, technical design and
development, product management, customer support and service delivery including tax, assurance and consulting
services, and managed the service as a line of business. He earned induction into the Smithsonian Institute - Innovations
in Technology; a prestigious award given to individuals and organizations that profoundly impact the application of
technology in the business world.
Enroll on the Internet site (www.fei.org/chapter/Detroit), by phone, e-mail or by faxing the RSVP form below to:
Steve Schmith phone: (248) 722-9006
FEI Detroit fax: (313) 566-0243
( ) I plan to attend. Your name: ____________________________________________
Chicken Entrée ( ) Fish Entrée ( ) Beef Entrée ( )
( ) I will have the following guests:
Company name: ___________________________________________
Chicken Entrée ( ) Fish Entrée ( ) Beef Entrée ( )
Please Respond by April 16
A Special Thanks to Our Sponsors
Deloitte & Touche LLP