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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
Chief financial officer
Company
Headquarters
Revenue (000)1
Employees
Joined company/
named CFO
Total compensation1
Bio
Company description
R.
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
19652
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
Bruce
Besanko
Supervalu, Inc.
Eden Prairie
$36,100,000
130,000
Not available
Not available
Not available
Not available
Provides retail grocery and supply-chain services
Andrew
Cecere
U.S. Bancorp
Minneapolis
$19,108,000
64,224
19852
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 Company3
Edina
$4,855,459
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
$7,885,089
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
19842
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
$925,0004
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
James
Muehlbauer
The Valspar Corporation
Minneapolis
$3,952,954
10,020
Not available
Not available
Not available
Not available
Manufactures decorative and protective coatings, paints, varnishes, and stains
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, landscape, rental and construction equipment, and irrigation and outdoor lighting solutions for golf courses, sports fields, parks, 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
Daniel
Schmechel
Ecolab, Inc.
St. Paul
$6,798,500
40,200
Not available
Not available
Not available
Not available
Manufactures and distributes cleaning and maintenance products for the hospitality, institutional, and industrial markets
James
Shaw
Donaldson Company, Inc.
Bloomington
$2,493,248
13,000
2004
2011
$751,4315
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
$2,122,227
51,926
2012
2012
$400,0006
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 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

1 For most recent fiscal year, as of September 1, 2012
2 Joined company that was a predecessor to the current company
3 Merged with Spartan Stores in November to form SpartanNash Company; the location of the long term headquarters was undecided at the time of list compilation
4 Assumed her role during the last fiscal year; figure represents base salary. At time of hiring, she was also awarded $500,000 and a stock package worth $4 million as a signing bonus--and she will be eligible for a bonus worth up to $2.8 million and a stock award worth at least $4 million in fiscal 2014.
5 Joined company during most recent fiscal year, but compensation figure includes both salary and non-salary compensation.
6 Assumed role during the last fiscal year; figure represents minimum base salary as denoted in regulatory filings at the time of hire and does not include stock awards, bonuses, and other non-salary compensation.