2013 FI N A L I STS
Joseph Ivenz
CFO Time in position: 14 years Marcolin USA What they do: Manufacture designer eyewear and sunwear marcolinusa.com Ivenz brings a high level of specialized expertise to his position and carefully plans any new implementation to minimize problems and maximize results. Over the last five years, Ivenz has used that ability and expertise to help bring Marcolin to such a solid level of profitability and growth that a private equity fund ultimately purchased the company from the Marcolin family.
Impact on Marcolin:
Ivenz is involved with all U.S. and international business and real estate transactions, essentially setting up non-U.S. operations. Ivenz has researched and implemented the best situations possible for the company. He sets his own priority list while simultaneously driving his team to close or follow up on all matters of importance. Ivenz identifies problems and does not stop until he finds a solution. His impact on the community was evident when he initiated and coordinated free eyeglasses for victims of the Moore, Okla., tornado.
Renee Krug
Executive vice president and CFO Time in position: 2 years Clear Channel Outdoor What they do: Out-of-home advertising media clearchannel.com Krug developed a strategic plan focused on increasing revenue and reducing expenses to improve operating margins. She was instrumental in identifying and implementing more than $30 million in cost savings, partnering with sales to identify revenue opportunities and leading capital initiatives to invest in growth for the business. Clear Channel Outdoor is navigating a dynamic media marketplace and is poised against enormous growth opportunities that require financial discipline and creativity.
Impact on Clear Channel Outdoor:
The improvements Krug put into place are significant. The finance team has delivered much richer and more timely insight into the business, aiding decision-making and improving customer satisfaction; implemented $30 million in cost savings; delivered more than $35 million in working capital benefits; improved forecast accuracy by more than 25 percent; and overhauled the budget and forecast systems — all in just two years.
financial executives international 72 AB | November-December 2013