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FEI Detroit March 2007 Newsletter - Financial Executives International

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FEI Detroit March 2007 Newsletter - Financial Executives International Powered By Docstoc
					          Detroit Chapter

                                                                                                         March, 2007
           2006-2007                 President’s Message
  Mark Rusch                                        Dear FEI Detroit Members:
    PME Companies
SECRETARY                                           February has been a very busy month for many of us
  Jan P. Lower                                      professionally and personally. The same can be said for the
  Blue Line FoodService                             Board and Committee members of the Detroit Chapter as we
    Distribution                                    quickly move through the last half of our fiscal year. We will
TREASURER                                           continue to work to provide you with interesting speakers,
  Kevin J. Dunivin                                  programs and events to maximize the value of your
    Arrow Uniform
                                                    membership. I hope you will find time in your busy schedule to
  Richard P. Blotner
                                                    take advantage of many of our upcoming activities.
    Oracle Corporation
  Sally Brandtneris                                 Our March speaker at our general meeting is scheduled to be
     JC Jones & Associates, LLC                     Jeff Mason is Senior Vice President for the Michigan Economic
  Thomas J. Butler                     Mark Rusch   Development Corporation. Immediately before the regular
    Greenpath, Inc.                     President   meeting, Deloitte will present a professional development
  Robert M. Carrigan, Jr.                           session: ―Electronic Discovery in Today’s Litigation
    Bay Colony Equity Partners                      Environment‖. Please join us for both of these exciting events.
  Ron Egan
    SVS US
  Bruce C. Greening                                 The Detroit Board of Directors is currently considering changes
    Smith Barney, Inc.                              in or organization chart as well as changes in the sponsorship
  Eugene Swinnerton                                 program, billing methodology and communication format.
    University of Detroit Mercy                     These are exciting times at the Board and Committee level. I
  Carolyn Walton                                    encourage everyone to get involved and really extend the value
    Blue Cross Blue Shield of                       of your FEI membership and make your FEI experience more
    Michigan                                        rewarding.
  Thomas G. Wolfe
                                                    The National Summit is scheduled for May 20-22 in Boston.
  John G. Zimmerman
    Consultant                                      The Summit is a great opportunity to network with like minded
ADVISORY COMMITTEE                                  professionals from throughout the country and hear top notch
  Richard S. Abbey                                  speakers on current topics relevant to our profession. In
    Consultant                                      addition the FEI is waiving the registration fee for the Summit
  John D. Bohrer                                    for all new members who join FEI between July 1, 2006 and
    Bio-Serv Corporation                            April 22, 2007. All in all it’s a great value. I hope you’ll
  Leonard B. Carleton                               consider attending.
    Community Choice Credit
                                                    Our annual golf outing at the Detroit Golf Club is scheduled for
  John H. Clough
    KenSa, LLC                                      Friday June 1. Spouse’s night is tentatively scheduled for
  Suzanne H. Gilbert                                Saturday June 16. More details will be announced as they
    Consultant                                      become final.
  Robert R. Scherba
    Williams International                          Finally, don’t forget about the first ever CFO of the Year Awards
  James A. Steel                                    sponsored by Crain’s, Marsh USA and your FEI Detroit
    Flint Ink Corporation                           Chapter. The deadline for nominations has been extended to
  Gregory W. Ulferts                                March 9. Forms are available at We
    University of Detroit Mercy
                                                    hope to see many of our own FEI members included in the
  Neil C. Wester
    Kolene Corporation                              process.
                                                                              (Continued on page 2)
President’s Remarks (continued)

As always, I encourage anyone who would like to be involved at the Chapter level to contact myself or any Board or
Committee member. Also, please consider inviting a potential new member as our guest to one of our upcoming
meetings. If you would like to talk to me, I can be reached at I look forward to seeing
all of you at the March 26 meeting at the DAC.

All the best.


                                     Upcoming Chapter Events

                   Monday, March 26, 2007 – DAC
                        Deloitte & Touche LLP will present a session on Electronic Discovery in
                          Today's Litigation Environment
                        Jim Epolito, President and Chief Executive Officer of the Michigan Economic
                          Development Corporation

                   Monday, April 23, 2007 – Troy Marriott
                        Robert Half will present a session on " Retaining and Motivating Employees"
                        Joint Event between ACG and FEI

                   Friday, June 1, 2007 – Detroit Golf Club
                         Golfers Wanted

                   Saturday, June 16, 2007 – Spouses Night
                        Infinity Cruise

                                Please Join a Chapter Committee

The Chapter Board is in the process of filling
Committee positions for the 2007/2008 year. If
you are interested in becoming more involved in
the Chapter, and would be interested in serving
the chapter, please contact any Officer or Board
Member. Serving on a Committee increases your
involvement in the Chapter, and is a very                      Jim Steel
rewarding experience.                                          Chair, Nominating Committee
                                                Career Services

Congratulations to John Clough on being appointed North American Controller with Keiper, a German global tier 2
and 3 supplier. We also congratulate Gary Shovlin who became Vice President of Finance with the Learning Care
Group late last year.

The next meeting of the Career Services Committee will be Thursday, March 8, 2007 from 4:30 p.m. to 6:00 p.m. at
the Oracle Corp. offices at 3290 West Big Beaver Road, Suite 300, in Troy (N. of Big Beaver and W. of Coolidge).
Kirsten S. Walts, the Director of Recruiting for Resources Global Professionals will be our featured speaker.

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
your resume.

You have valuable experience that can help someone else who is in
need of 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

                                FEI Detroit Golf Outing and Dinner

As we look forward to getting past these dreary cold             More details will follow in upcoming newsletters. If you
winter days it’s time to start planning for our annual FEI       would like to enroll now go to the Internet site,
Detroit Golf Outing at the Detroit Golf Club. Save the , by phone or by email to:
date of Friday, June 1, 2007 for this fun filled event.
Golfing in the afternoon (have lunch there before golf if        Rich Colletta
time permits) followed by cocktails and dinner. This is a        Phone: 313-300-6480
great opportunity to start the summer.                           Email –

Date: Friday, June1, 2007
Place: Detroit Golf Club                                         Your name___________________________________
Times: 12:00 – 2:00 p.m. tee times for golfers
       5:30 p.m. – Networking and refreshments
                   (Coats but not ties required)                 I plan to attend dinner. ____
       6:30 p.m. – Dinner followed by prizes
                                                                 Steak _____ Fish_____
All chapter members that are non-golfers are welcome for
dinner at the Detroit Golf Club. Join Fellow FEI members         I plan to play golf.___
for one of the most entertaining dinner meetings of the
year. The dinner cost is included in your chapter dues. .        Preferred course: North ____ South____
                                                                                   No preference:_____
        Membership Committee

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!                why not tell them about FEI and invite them to the next
Many of us come into contact with other financial           dinner meeting? The dinner is free for the guest, and it
executives, but may be reluctant to mention FEI             is an opportunity to meet our members and experience
because we are unsure of the requirements for               one of monthly meetings.
membership. To qualify, FEI members must hold an
eligible position and be employed by a company which              This is the time to recruit a new member!
meets one of these criteria:                                                     SAVE $1,120
 $5 million in net worth, or                                              WHEN YOU JOIN TODAY!
 $15 million in capital (combined net worth & long-            ($125 National Initiation Fee plus $185 Detroit
     term debt), or                                              Chapter dues plus free registration for FEI's
 $20 million in operating expense.                                 Summit May 20 - 22, 2007 in Boston.)
 Banking institutions must have $500 million in total
     assets.                                               Should you have any questions or would like us to
 Government corporations/authorities must have            contact a prospective new member, please contact us:
     $100 million total assets.

The Chief Financial Officer of any SEC-registered
company is eligible for membership regardless of
company size.

Assistant Financial Executive: Requirement is 4x the
criterion for financial executive.
Subsidiary or Division: Requirement is the same
criterion as parent company.                      
Senior Specialist: Applicant must be employed by a          248-740-7142
company with $1 billion in revenues or $250 million of               
employee benefit investments under management, or a
banking institution with $20 billion in assets.                                            734-625-3838
Crain's seeks top CFOs for awards
CFOs have taken on new responsibilities as Sarbanes-
Oxley has made transparency a corporate mandate and
finance chiefs have become core to strategic planning;
but recognition has been slow to come. We want to give
them their props.
Crain's is seeking nominations for its first-ever CFO
Awards. Winners will be recognized at a May 17
dinner and featured in the May 28 issue.
To be eligible, nominees must be CFOs, or hold an
equivalent job, who have displayed excellence in
financial or other corporate operational management.
Nominees will be considered for the following categories: public companies, private
companies and nonprofits; as well as a community service category that recognizes CFOs or
treasurers whose leadership has led to significant financial or organizational improvement for
a nonprofit.
To nominate someone, click here to access our online nomination form. Nominations must
be received by March 9.
Presenting sponsor of the event is Marsh. Clark Hill plc, Interior Dynamics, Financial
Executives International and the Michigan Association of CPAs are also sponsoring the

                          To contact Crain's Detroit Business
                                          By mail:
                                 Crain's Detroit Business
                                     1155 Gratiot Ave.
                                  Detroit, MI 48207-2997
                                        By phone:
                                Newsroom: 313-446-0419
                                    Fax: 313-446-1687
                     Customer service department (print): 888-909-9111
                                Advertising: 313-446-6032
                            Please Welcome Our Newest Sponsor

Stout Risius Ross is a financial and operational advisory firm. We specialize in investment banking, operational strategy &
performance improvement, restructuring & turnaround, valuation & financial opinions, and dispute advisory & forensic
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Investment Banking:
     Mergers & Acquisitions
     Private Market Financing
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     Financial Opinions

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    Purchasing and supply chain strategy development, assessment and management
    Transaction related services
    Asia strategy development and execution

Restructuring & Turnaround
    Business plan assessment/viability analysis
    Cash flow modeling/financial forecasting
    Creditor and lender negotiations
    Working capital and cash management
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Valuation & Financial Opinions:
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     Succession and Shareholder Planning
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     Litigation Services

Dispute Advisory & Forensic Services:
     Pre-litigation Consulting
     Computer Forensics & Data Mining
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     Expert Opinions and Consultations

Please visit us at:

Investment banking services provided through Stout Risius Ross Advisors, LLC, member NASD. All other services
provided through Stout Risius Ross, Inc.
                                        FEATURED CONFERENCES
J.W. Marriott, Las Vegas

MARCH 27-28
Marriott Marquis Times Square, New York

MARCH 19-23
University of California-Berkeley

MARCH 26-30
Disney's Yacht & Beach Club Resorts, Orlando

APRIL 19 Webcast
2:00 pm ET

JUNE 4-5
The Ronald Reagan Building and International Trade Center, Washington, D.C.

 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.

   This year we are again pleased to host unparalleled speakers, highlighted by:

                                                                                   Sharon L. Allen
                  Doris Kearns Goodwin
                  Presidential                                                     Chairman of the Board
                                                                                   Deloitte & Touche USA

  We invite you to listen to these real-life examples of processes and strategies that have been effectively
 implemented, and take back life lessons to be applied to your best practices. MARK YOUR CALENDAR!
                               Professional Development Session
                                      Electronic Discovery
                             Presented by Deloitte Financial Advisory Services

DATE:          Monday, March 26, 2007
PLACE:         Detroit Athletic Club
               Board Rooms 1-3
TIME:          5:00 p.m. Presentation

Today’s business environment generates vast amounts of data and information. Commercial investigations and litigations
increasingly rely on this data to help tell the whole story. Looking for a specific entry in a spreadsheet or single email, can
be daunting, but crucial – an entire business dispute or multimillion dollar litigation may hinge on identifying when a single
piece of data was generated-or altered, or deleted—by whom and under what circumstances. The key to managing such
huge volumes is turning the array of data into meaningful information.

Presented by Deloitte Financial Advisory Services (FAS), the session will be delivered by John Arthur (Jack) Walker.
Jack leads the Midwest Analytic & Forensic Technology (―AFT‖) practice, which provides the technical infrastructure for
forensic investigations and disputes, including Computer Forensics, Electronic Discovery, Hosting, Transactional Data
Management and Data Analytics. Jack’s background includes analytical work in Business Insurance Consulting,
Environmental Litigation, and General Litigation Support engagements along with Strategy, Operations, and Technology


Purdue University, Master’s of Science, 1998
    Major: Applied Economics, Emphasis: International Trade, Policy and Development

Eastern Illinois University, Bachelor’s of Science, 1994, With Honors
    Major: Finance Minors: Economics, English
    Beta Gamma Sigma Honors Fraternity

       “E-Data & Discovery: Protecting Your Company from Avoidable Risk – The Simple Steps that Every Executive
        Should Know.” Co-author with Ethan J. Berghoff and Jake P. DeBoever. Pending Publication.
       “Transactional Data in Discovery.” Deloitte Services LP White Paper. Co-author with Thomas Aleman, March
       “Reporting for Value in Electronic Discovery.” Discovery Resources Online ( September
        15, 2005.
       “The Changing Face of Document Review: Email Reporting.” ITWeek Magazine Vol. 1 Number 29 July 18, 2005.
        Special Report.
       “Search Engines” The Deal June 13 2005. Judgment Call – NewsWeekly.
       “Price Stability and the GATT Agreement on Agriculture” MS Thesis, Purdue Research Foundation, August 1998
       “Dairyland Seed Company: Taking the Next Step.” Purdue Research Foundation, February, 1996. Presented at
        the American Seed Trade Association (ASTA) convention Agri-Business Group (ABG), Inc. (Project Based
        Contractor), 1996-1997
                                   Jeff Mason
                    Michigan Economic Development Corporation

DATE:         Monday, March 26, 2007
PLACE:        Detroit Athletic Club
TIME:         6:00 p.m. Networking and refreshments
              6:45 p.m. Dinner
              7:30 p.m. Presentation

Jeff Mason is Senior Vice President for the Michigan Economic Development Corporation. In his
current role he leads the Technology Development Group, working to grow Michigan's technology
oriented segments of our state's economy. Technology Development is engaged in the areas of
technology transfer and commercialization, venture capital, entrepreneurship, and business
development. Their focus is in the sectors of life sciences, homeland security, alternative energy, and
advanced automotive, manufacturing, and material technologies that make up the State's 21st
Century Jobs Fund.

Previously, Mason led the communication and media relation activities where he directed the
Corporation's marketing campaign, helping the state gain increased recognition as an attractive place
to work, live, and do business. Mason also served as Managing Director of e-MEDC, the
Corporation's initiative to create an e-business strategy offering economic development products and
services to its customers. He serves on a number of technology organizations boards including the
Core Technology Alliance, Automation Alley, and the Michigan Information Technology Center.

Mason received a Bachelor of Science in Business Administration from Michigan State University.

Enroll on the Internet site (, 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 ( )
        ( ) I will have the following guests:
                                      Name: ____________________________________
                           Company name: ____________________________________
                                              Chicken Entrée ( )  Fish Entrée ( )

                                      Please respond by March 19, 2007
               A Special Thanks to Our Sponsors


                                                  Deloitte & Touche LLP



                                                            Robert Half


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