CFOs of the 25 Largest Public Companies
Listed alphabetically | List information taken from the 2013 Business Information Guide
Source: U.S. Securities and Exchange Commission filings, annual reports, company representatives, and websites. If you were not contacted for this list but would like to be in the future, please contact research@tcbmag.com
R. Stephen
Armstrong
| Patterson Companies, Inc.
Mendota Heights
$3,535,661
7,059
| 1999
1999
| $1,055,455
| Was previously an assurance partner with Ernst & Young, LLP, which is now the company's independent registered public accounting firm; has been a director of Delphax Technologies, Inc., since 2000.
| Distributes supplies for the dental, rehabilitation, and veterinary markets
|
Walter
Berman
| Ameriprise Financial, Inc.
Minneapolis
$10,192,000
11,772
| 1965
2005
| $6,329,167
| Served until 1996 in various positions, including senior vice president and treasurer of American Express Travel Related Services (TRS), CFO of American Express International, CFO of TRS, and treasurer of American Express; left the company in 1996 and held senior financial positions at other major companies, including treasurer at IBM, and returned to the company in 2001.
| Financial services company serving the comprehensive financial planning needs of the mass affluent and affluent
|
Andrew
Cecere
| U.S. Bancorp
Minneapolis
$19,108,000
64,224
| 1985
2007
| $6,471,940
| Served as vice chairman of wealth management and securities services after the merger of Firstar Corporation and U.S. Bancorp in February 2001. Previously served as an executive officer of the former U.S. Bancorp, including as CFO from May 2000 to February 2001.
| Financial company that provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust, and payment services products to consumers, businesses, and institutions
|
Robert
Dimond
| Nash Finch Company
Edina
$4,807,215
6,342
| 2000
2007
| $904,968
| Served as executive vice president, CFO, and treasurer from 2000 to 2004; left the company to serve at Wild Oats Markets, Inc., as CFO and senior vice president, and returned to Nash Finch in 2007. Has also served as group vice president and CFO for the western region of The Kroger Company.
| Provides wholesale and retail food distribution services
|
Gary
Ellis
| Medtronic, Inc.
Fridley
$16,184,000
45,850
| 1989
2005
| $3,350,412
| Joined as assistant corporate controller and was promoted to vice president of finance for Medtronic Europe in 1992. Became corporate controller in 1994, and added vice president and treasurer titles in October 1999. Is a director at The Toro Company.
| Designs, manufactures, and distributes a wide range of medical devices for global use
|
Jody
Feragen
| Hormel Foods Corporation
Austin
$7,900,000
19,600
| 2000
2007
| $3,059,414
| Joined company as treasurer and assumed the title of vice president and treasurer in 2001; was promoted to vice president of finance and treasurer in 2005 and joined the company's board in 2007. Prior to joining the company, was assistant treasurer for National Computer Systems.
| Manufactures and markets brand-name food and meat products
|
Daniel
Florness
| Fastenal Company
Winona
$2,766,859
15,168
| 1996
1996
| $1,443,037
| Took over the duties of treasurer in 1997 and was named executive vice president in 2002. Before joining the company, spent 10 years working for KPMG Peat Marwick, LLP, in Minneapolis and New Jersey.
| Distributes industrial and construction supplies, including threaded fasteners
|
Steven
Fritze
| Ecolab, Inc.
St. Paul
$6,798,500
40,200
| 1980
2002
| $3,408,444
| Previously served as senior vice president, finance and controller; has held a variety of management positions in the areas of corporate planning and control, and served as acting chief information officer in 1997 and 1998. Began Ecolab career as corporate planning manager and was with IBM for three years prior to joining the company.
| Manufactures and distributes cleaning and maintenance products for the hospitality, institutional, and industrial markets
|
Jim
Giertz
| H.B. Fuller Company
Vadnais Heights
$1,557,552
3,530
| 2008
2008
| $1,431,963
| Joined the company in 2008 after serving as senior managing director and CFO of Bloomington-based GMAC ResCap. Previously served as CFO of Donaldson Company, Inc., and before that, worked for General Motors Corporation.
| Manufactures adhesives, sealants, and coating compounds for industrial and consumer applications
|
Chad
Lindbloom
| C.H. Robinson Worldwide, Inc.
Eden Prairie
$10,336,346
8,353
| 1990
1999
| $1,341,023
| Eight years after joining C.H. Robinson, was named corporate controller in 1998, a role he occupied for one year before being promoted to vice president and CFO in 1999.
| Provides third-party freight transportation and logistics, fresh produce sourcing, and information services
|
Teresa
Madden
| Xcel Energy, Inc.
Minneapolis
$10,654,770
11,942
| 1979
2011
| $1,496,524
| Has held a variety of positions at Xcel and its predecessor company, Public Service Company of Colorado; served as vice president of finance for customer and field operations before becoming vice president and controller and then CFO.
| Major U.S. electricity and natural gas company; provides energy-related products and services
|
Michael
Malone
| Polaris Industries, Inc.
Medina
$2,656,949
3,900
| 1984
2007
| $2,004,758
| Served as corporate secretary from January 1997 to January 2010 and was vice president and treasurer from December 1994 to January 1997. Was also CFO and treasurer of a predecessor company of Polaris from January 1993 to December 1994; joined that company after four years with Arthur Andersen, LLP.
| Manufactures and sells snowmobiles, off-road recreational vehicles, including ATVs and side-by-side vehicles, and on-road vehicles, including motorcycles and small electric vehicles; supplies equipment and related services
|
Sharon
McCollam
| Best Buy Company, Inc.
Richfield
$50,705,000
167,000
| 2012
2012
| $925,000
| After serving as an executive officer for more than a dozen years at home merchandise retailer Williams-Sonoma, Inc., retired from her roles as director, executive vice president, chief operating officer, and CFO before joining Best Buy as CFO and chief administrative officer in December 2012.
| Specialty retailer of consumer electronics, home office products, entertainment software, appliances, and related services
|
David
Meline
| 3M Company
Maplewood
$29,611,000
84,000
| 2002
2002
| $3,551,580
| Before joining 3M, held several positions at GM since 1976, including CFO of GM International and finance director of GM North America Sales & Marketing/Portfolio Management; most recently served as vice president of finance of GM Europe in Zurich, Switzerland.
| Provides various technologies through its industrial, health care, consumer, safety and graphics, and electronics and energy business segments
|
Don
Mulligan
| General Mills, Inc.
Golden Valley
$16,657,900
35,000
| 2001
2007
| $3,489,647
| Served as vice president of financial operations for the international division until 2004, when he was named vice president of financial operations for operations and technology; became treasurer in 2006 and senior vice president of financial operations in 2007. Previously worked for The Pillsbury Company, PepsiCo, Inc., and Yum! Brands, Inc.
| Manufactures a wide range of food products under many different brands
|
John
Mulligan
| Target Corporation
Minneapolis
$69,865,000
365,000
| 1996
2012
| Not available
| Joined Target in 1996 as a financial analyst and was promoted in 2003 to director of Target.com finance; went on to serve in several leadership roles, including vice president of pay and benefits and senior vice president of treasury and accounting.
| Discount retailer of general-merchandise consumer goods
|
Renee
Peterson
| The Toro Company
Bloomington
$1,883,953
4,700
| 2011
2011
| $1,319,038
| Left post as vice president of finance and planning for the truck and automotive business of Eaton Corporation, a $13.7 billion Ohio-based industrial manufacturer, to become Toro's CFO. Before Eaton, spent 25 years at Honeywell International.
| Provides turf and landscape maintenance equipment and irrigation solutions for golf courses, sports fields, municipalities, commercial and residential properties, and agricultural fields
|
Terry
Peterson
| Deluxe Corporation
Shoreview
$1,417,596
5,565
| 2004
2009
| $1,076,677
| Joined Deluxe in 2004 as director of internal audit and, the next year, was named vice president, controller, and chief accounting officer; before joining the company, spent eight years in various controller and CFO positions, most recently at Ecolab, Inc.
| Provides customized checks and forms, along with Web and other services, to more than 4 million small business customers; offers various programs to financial institutions; sells checks and accessories to consumers
|
James
Shaw
| Donaldson Company, Inc.
Bloomington
$2,493,248
13,000
| 2004
2011
| $751,431
| Served as a senior audit manager at Deloitte & Touche, LLP, before joining Donaldson as director of corporate compliance and internal audit. Was subsequently named corporate controller and principal accounting officer, a role in which he oversaw financial reporting, budgeting, and analysis, and the development of the company's financial policies.
| Manufactures filtration systems and replacement parts for diesel equipment and industrial applications
|
Sherry
Smith
| Supervalu, Inc.
Eden Prairie
$36,100,000
130,000
| 1987
2010
| $1,805,789
| Serves as executive vice president and CFO, a post she assumed on an interim basis in July 2010 and permanently in December 2010. Has held a variety of positions in the corporate accounting and financial reporting areas of the company, including corporate controller; has been active in key initiatives like acquisitions and business realignment activities.
| Provides retail grocery and supply-chain services
|
Steven
Spiegel
| Regis Corporation
Edina
$2,273,779
51,926
| 2012
2012
| $400,000
| Previously served as vice president of finance and corporate controller at Unilever, a global company whose 400-plus brands include Lipton, Dove, and Axe. Prior to that, Spiegel held senior finance positions at Alberto Culver, which Unilever acquired in 2011.
| Operates beauty salons and hair restoration centers, and provides cosmetology education
|
Lawrence
Stranghoener
| The Mosaic Company
Plymouth
$11,107,800
8,000
| 2004
2004
| $4,626,564
| Previously served as executive vice president and CFO of Thrivent Financial for Lutherans and its predecessor organization from January 2001 until October 2004; has worked in various senior management positions with Honeywell, Inc., in the United States and Europe, including vice president and CFO.
| Produces and markets concentrated phosphate and potash crop nutrients for the global agriculture industry
|
Lori
Walker
| The Valspar Corporation
Minneapolis
$3,952,954
10,020
| 2000
2008
| $1,834,793
| Joined the company as assistant controller and was named vice president and controller in 2001; was promoted to vice president, treasurer, and controller in 2004. Prior to joining the company, spent 20 years with Honeywell, Inc., where she held a variety of financial leadership roles.
| Manufactures decorative and protective coatings, paints, varnishes, and stains
|
David
Wichmann
| UnitedHealth Group, Inc.
Minnetonka
$101,900,000
99,000
| 1998
2011
| $10,711,174
| Was executive vice president of UnitedHealth Group and president of UnitedHealth Group Operations, and added CFO to his resume in January 2011; has been instrumental in overseeing international efforts and other corporate functions. Previously held several other positions within the division now called OptumHealth.
| Offers products and services through two platforms--UnitedHealthcare, which provides health care coverage and benefits services, and Optum, which provides information and technology-enabled health services
|
Donald
Zurbay
| St. Jude Medical, Inc.
St. Paul
$5,611,696
16,000
| 2003
2012
| $376,000
| Joined St. Jude in 2003 as director of finance and was named corporate controller the following year. In August 2012, became vice president of finance and CFO. Prior to joining St. Jude, held positions at Deloitte & Touche, LLP, The Valspar Corporation, and PricewaterhouseCoopers, LLP.
| Designs, manufactures, and distributes a wide range of medical devices for global use
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