751: The March Goes On | Dave Damond, CFO, March of Dimes

751: The March Goes On | Dave Damond, CFO, March of Dimes

When does a mission-driven CFO initiate a crucial turnaround of an erstwhile nonprofit that’s been losing money for years and has a legacy pension plan dragging down its balance sheet? Before he’s even been offered the job. At least that’s how you take care of business if you’re March of Dimes Senior Vice President and CFO Dave Damond.

“I came in with a change management plan,” reveals the former KPMG auditor, who was a finance executive with American Red Cross before launching himself into his current role in 2018. “In fact, when I was interviewing, they showed me what the current table of organization looked like. And I said, ‘Yeah, that’s wrong – here’s what it should look like.”

Damond got the job, and immediately implemented his plan, which included replacing a 30-year-old legacy ERP installation with a cloud-based system (within a year), hiring new talent (including a controller) and addressing that drag on the balance sheet as interest rates fortuitously plummeted.

“We saw a lot of organizations were actually doing buyouts [of defined benefits pension plans],” Damond says while detailing the mechanics of his change plan. “It was something that we had to jump on right away, and we took that opportunity to offer buyouts to all of our people who were already retired.” The move saved the organization $20 million, adds Damond who also shares his take on cashflow analytics, fundraising KPIs, how he managed through COVID and the AI solutions that his finance group is considering investing in.

Det här avsnittet är hämtat från ett öppet RSS-flöde och publiceras inte av Podme. Det kan innehålla reklam.

Avsnitt(1201)

The Credibility Playbook: How CFOs Restore Belief

The Credibility Playbook: How CFOs Restore Belief

What does it take for a CFO to restore credibility?Every finance leader eventually encounters a defining moment when confidence has been shaken—whether by slowing growth, a financial crisis, or years ...

22 Juli 0s

1200: When Finance Owns the Future | Mark Khavkin, CFO, Rula

1200: When Finance Owns the Future | Mark Khavkin, CFO, Rula

Mark Khavkin often finds his best ideas somewhere near the Golden Gate Bridge.The Rula CFO tells us that he bikes from San Francisco across the bridge and into Marin County—not to compete, but to clea...

19 Juli 39min

1199: The CFO’s Biggest Challenge Isn’t AI—It’s Leading Through It | John Kinzer (Interim CFO), OneStream

1199: The CFO’s Biggest Challenge Isn’t AI—It’s Leading Through It | John Kinzer (Interim CFO), OneStream

John Kinzer still remembers sitting in a closed meeting at MCI, presenting revenue results, when something unexpected caught his attention. It wasn’t the numbers he was reporting—it was the questions ...

15 Juli 41min

1198: Building Long-Term Value Starts With Better Capital Allocation | Shane Hostetter, CFO, Chemours

1198: Building Long-Term Value Starts With Better Capital Allocation | Shane Hostetter, CFO, Chemours

When Shane Hostetter arrived at Chemours in 2024, he stepped into a company facing liquidity challenges while also pursuing important long-term growth opportunities. His goal was not to replace decade...

12 Juli 48min

Inside the CFO Mindset Before the Deal

Inside the CFO Mindset Before the Deal

Three accomplished CFOs. Three candid conversations. One revealing look at how finance leaders think about acquisitions before the headlines ever appear.In this special CFO Thought Leader edition, we ...

8 Juli 30min

1197: The CFO Who Learned Finance by Owning Sales | Sinohe Terrero, CFO, Envoy

1197: The CFO Who Learned Finance by Owning Sales | Sinohe Terrero, CFO, Envoy

Sinohe Terrero still remembers the timing. He joined Envoy in January, only to see the workplace transformed just two months later as offices around the world shut down because of COVID. The company h...

5 Juli 45min

Inside the IPO: Three CFOs, Three Perspectives

Inside the IPO: Three CFOs, Three Perspectives

Taking a Company Public: What CFOs KnowWhat does it really take to prepare a company for life as a public company?In this special CFO Thought Leader compilation, we revisit three conversations with fi...

1 Juli 59min

1196: Your Next Finance Hire Should Think Like a Founder | Martino Cadoni, CFO, DeepL

1196: Your Next Finance Hire Should Think Like a Founder | Martino Cadoni, CFO, DeepL

When Martino Cadoni joined DeepL, he arrived with an unusual perspective—he already knew the company’s product firsthand. Earlier in his career at Klarna, he had helped introduce DeepL as a translatio...

28 Juni 52min

Populärt inom Business & ekonomi

framgangspodden
badfluence
varvet
dynastin
uppgang-och-fall
avanzapodden
svd-tech-brief
rss-inga-dumma-fragor-om-pengar
fill-or-kill
bathina-en-podcast
rss-borsens-finest
tabberaset
rikatillsammans-om-privatekonomi-rikedom-i-livet
rss-dagen-med-di
rss-hos-psykologen
borslunch-2
rss-veckans-trade
rss-dominoeffekten
rss-kort-lang-analyspodden-fran-di
ekonomiekot-extra