THE MAGAZINE FOR FINANCIAL DIRECTORS AND TREASURERS

CFO

CFO China

CFO Europe

CFO PROFILES
"I Like Innovative, Disruptive Businesses"
Can an online jeweler survive the massive pullback in consumer spending? An interview with Marc Stolzman, CFO, Blue Nile Inc. Interview by Kate Plourd (February 2009)
RICHARD MEDDINGS, GROUP FINANCE DIRECTOR OF STANDARD CHARTERED BANK
Group finance director Richard Meddings tells CFO how manages risk at a time of unprecedented danger for banks. Interview by Tim Burke (Dec 08/ Jan 09)
PROFILE OF THE CFO
A reader survey shows how far Asia’s finance chiefs have come over the years. (November 2008)
WHERE ARE THEY NOW?
The careers of CFO Asia’s first interviewees demonstrate the rich possibilities of a job in finance.
(November 2008)
Mak Chee Wah, CEO of Melioris
Frank Lai, CFO of China Resources Microelectronics
Victor Koo, Founder and CEO of Youku.com
Where are they now?
CAN EX-CFOS SAVE FREDDIE & FANNIE?
Ex-CFOs, Freddie and Fannie; CFOs on the move. (November 2008)
MISSING THE CORNER OFFICE
CFOs on the move. (October 2008)
IT TAKES A CRISIS
A CFO’s trial by fire at Siemens. (September 2008)
JENNIFER LI, CFO OF BAIDU (September 2008)
JIM AYALA, CHIEF EXECUTIVE OF AYALA LAND (July/August 2008)
S. RAMAKRISHNAN, CFO, TATA POWER (Jun 2008)
MAKING THE PIECES FIT
Confronting a cultural mismatch; CFOs on the move. (Jun 2008)
STEPHEN ROACH, CHAIRMAN, MORGAN STANLEY ASIA (May 2008)
STAYING IN THE GAME
CFO Rahul Gupta puts finance in the lead of Shinsei Bank’s survival strategy.
(April 2008)
RON WIRAHADIRAKSA, CFO OF LG PHILIPS LCD (April 2008)
TIME FOR A TIGER
CFOs on the move. (April 2008)
ZENJI MIURA, CFO OF RICOH (March 2008)
TRUE BELIEVER
Pakistan is not for the timid, but at least one CFO believes its economy is structured to thrive. (February 2008)
JIM MARSH, CEO OF CABLE & WIRELESS (February 2008)
LOOK HOMEWARD, CFOS
Back home to India; Remembering Baidu's Shawn Wang. (February 2008)
MAYAWATI, CHIEF MINISTER OF UTTAR PRADESH (Dec 2007/Jan 2008)
BIG SPENDER
SM Investments makes a huge bet on the growth of overseas remittances and consumption in the Philippines. Are the risks too great? (November 2007)
EDWARD BASTIAN, CEO OF DELTA AIR LINES (November 2007)
MEET THE FAMILY
What to do if you are being asked to professionalize the finance function of a family-owned firm. (October 2007)
JOHN ZDANOWSKI, CFO, SECOND LIFE (October 2007)
GOODBYE, SINGAPORE
Jackson Tai resigns from DBS Group Holdings; CFOs on the move. (October 2007)
BANDWIDTH BARON
India’s VSNL owns much of the world’s internet highway. Can the former government-owned monopoly transform itself into the global player it wants to be? (September 2007)
MONTEK SINGH AHLUWALIA PLANNING COMMISSION OF INDIA (September 2007)
FAREWELL, JUDY LEWENT
Merck’s Judy Lewent retires; CFOs on the move. (September 2007)
ANWAR IBRAHIM, FORMER DEPUTY PRIME MINISTER OF MALAYSIA (Jul/Aug 2007)
THE END OF AN ERA
Lenovo’s Mary Ma retires; CFOs on the move. (Jul/Aug 2007)
SUMANT SINHA, CEO OF ADITYA BIRLA RETAIL (June 2007)
CHRIS LIDDELL, CFO OF MICROSOFT (May 2007)
A TALE OF TWO BONUSES
A turbulent bonus time at PCCW; CFOs on the move. (May 2007)
STEPHEN HARTWELL GREER, CEO OF SMORGON HARTWELL RECYCLING (Apr 2007)
IN THE US, ‘A LITTLE LESS FUN’
The career-life expectancy of CFOs in major US corporations is diminishing; CFOs on the move. (Mar 2007)
JOHN NOBLE, CFO OF BEST BUY INTERNATIONAL
(Mar 2007)
A WALK ON THE WILD SIDE
Ng Wai Lun makes the switch many dream of – from multinational to maverick.
(Feb 2007)
ALAISTER MURRAY, CFO, JUMEIRAH GROUP
(November 2006)
SINGTEL CONNECTS
Hail to the chief: Chua Sock Koong gets the top job at SingTel; CFOs on the move
(October 2006)
XU LING-LING OF LIANHUA SUPERMARKET
(October 2006)
HERE COMES THE SON
How Mittal Steel’s young CFO fought for and won Europe’s largest steelmaker. (September 2006)
CLIVE STANDISH OF UBS
(September 2006)
TAKING THE PEPSI CHALLENGE
Nooyi takes the Pepsi challenge; CFOs on the move (September 2006)
PROBLEMS OF THE PIONEER
Orix has a unique history and ownership structure, enabling it to pursue a growth strategy even when other Japanese companies were downsizing. (July/August 2006)
WEIGHING SCALE
Does China Paradise have the formula needed to capture a larger share of China’s retail market? (July/August 2006)
THE ASIAN DEVELOPMENT BANK’S MIKIO KASHIWAGI
(July/August 2006)
TOKYO STOCK EXCHANGE’S YASUO TOBIYAMA (June 2006)
PEABODY ENERGY’S RICK NAVARRE (May 2006)
PAI IN THE SKY
CFOs on the move. (May 2006)
TWO YEARS AND A LOT OF MONEY
Day of reckoning for the CFO of Singapore-listed China Aviation Oil; CFOs on the move (Mar 2006)
LONELY PLANET’S CAROLYN SUTTON
(Mar 2006)
CHUA SOCK KOONG
Chua Sock Koong talks about her new, expanded role at SingTel, and the company’s
regional growth plans.
(Feb 2006)
MAGNA TATA
Already one of India’s largest and most successful companies, the Tata group remains in expansion mode. (Dec 2005)
MARGARITO TEVES
The Finance Secretary of the Philippines speaks out on VAT, banking reform, and more. (Dec 2005)
CERTIFICATES TO GO
Professional certificates can play a supporting role in career development. (Dec 2005)
GE’s KEITH SHERIN
The CFO of General Electric, the US industrial giant, talks about the company’s plans in Asia, building a talent base in China, and gives some advice to managers of Asian conglomerates. (Nov 2005)
RAW ENERGY
The CFO of China Shenhua Energy may run finance in a showcase company, but, increasingly, that’s a limited advantage. (Nov 2005)
GRAPEVINE
Who’s moving up, down, and out in Asian finance. (Jul 2005)
GRAPEVINE
Who’s moving up, down, and out in Asian finance. (May 2005)
A FINAL PORT OF CALL
After overcoming a series of disasters, CFO Lim How Teck leaves NOL
with bright prospects.
(Apr 2005)
THE DOMINO EFFECT
When Jardine Matheson’s CFO retires in March, the knock-on effect will be felt throughout the company. (Mar 2005)
TO BOLDLY GO
The past, present, and future of finance, as viewed by three of Europe’s top retiring CFOs. (Mar 2005)
AFTER THE CARNAGE
Hong Kong fashion retailer Bossini replaced its CFO, and then electrified the market with a dramatic turnaround. (Nov 2004)
HERE COMES INDIA'S MOTOWN
SG Joglekar, CFO of Bharat Forge, has built a small powerhouse among the auto-supply companies based in Pune. Now government inefficiency may be preventing his company from going global. (Nov 2004)
FEATURE : SINK OR SWIM
Malaysian appliance maker Pensonic faces the challenge of globalization. Will it succeed? (Oct 2004)
FEATURE: INSIDE THE BEER WARS
How Anglo-African brewer SABMiller decides which acquisitions to pursue - and why it let go of China's Harbin Brewery. (Oct 2004)
FEATURE: THE BURGER MASTER
A Philippine fast-food chain taps a Procter & Gamble CFO for its shared-services initiative. JFC's strategy could hold lessons for other globalizing Asian companies. (Sep 2004)
COVER STORY: DOES MICROSOFT NEED CHINA?
Microsoft, the tech giant, is on the rebound, but its future may lie in how it decides to adapt its pricing model to the developing world. (Jul/Aug 2004)
FEATURE: TAKING THE HEAT
Amid talk of a hard landing in China, CFO Leong Wai Leng of Philips China stands unperturbed. Behind her confidence is careful planning, and a modest leap of faith.
(Jun 2004)
FEATURE: REVVING UP
GM China CFO John Kett sees continued market share gains from growth in the mainland. But to ensure long-term profitability, he needs local suppliers to rev up too. (May 2004)
FEATURE: CHINA GOES GLOBAL
TCL is on its way to becoming the world's largest television maker. But can it really become the next Sony? (Apr 2004)
FEATURE: THE UNITED KINGDOM OF CHALCO
Chalco's CFO needed plenty of grit and determination to restructure and lead the firm to an overseas listing. (Mar 2004)
COVER STORY: THE EXPLORER
CFO Mark Qiu of CNOOC, the Chinese oil giant that has become the showcase for overseas expansion, stands at the forefront of the nation's bid for global recognition. (Nov 2003)
COVER STORY: 'DO MORE, SAY LESS'
PetroChina's aggressive policy of transparency has won admiration - and investment dollars - from Warren Buffett. But can the state-owned firm deliver? (Nov 2003)
COVER STORY: FEELING THE HEAT
Much has been written lately about the possibility that China's red-hot economy will super-heat with devastating economic consequences. CFOs with major operations in China, although confident of the Middle Kingdom's prospects, are taking measures to handle the risk, if need be. (Oct 2003)
COVER STORY: AIR PLAY
AirAsia has launched a bold attempt to introduce a budget airline in Asia and its CFO is embroiled in what analysts see as a classic David versus Goliath battle. But the Goliath, state-owned Malaysia Airlines, is showing signs of being revived by the competition. (Jul/Aug 2003)
WATCH OUT, SONY
Long labeled as a pure semiconductor play by investors, Samsung Electronics is pitching its broader credentials as a manufacturer of telecommunications, digital media and home appliances to the world - and its competitors. In a first-ever interview with the press, CFO Doh-Seok Choi tells CFO Asia how finance is supporting the company's bid to be a diversified giant. (Apr 2003)
TAKING ON THE WORLD
Tapped by Kumar Birla to take over finances at India's legendary Birla Group, Sumant Sinha faces one of the toughest CFO jobs in Asia. Birla is a monster company with more than 40 units. Meanwhile, the world of global business is closing in on India, intensifying pressure on Birla's many business sectors. Sinha has been given the mandate to reorganize the business quickly - and grow. (Feb 2003)
WORTH A SOVEREIGN
Petronas is Malaysia's most powerful company, with a bond rating higher than the country itself. Part efficient multinational, part secretive behemoth, the government-owned oil giant mixes world-class corporate governance, information management, and capital structure with the jittery specter of government intervention. As such, CFO Datuk Ishak Imam Abas walks a tightrope. (Sep 2002)
SPIN DOCTORS
Smooth-talking CFOs have emerged as key players on China's burgeoning telecommunications scene. They're charged with selling the new regime of cut-and-thrust competition to financial markets and consumers - and loving every minute of it. (Sep 2002)
POWERS OF INFLUENCE
Many decisions CFOs make are influenced by politicians, financiers and others around the world. Here are 24 of those most likely to have an impact on business in Asia. (Jul 2002)
STAYIN' ALIVE
LGT is in a desperate bid to survive as the third-ranked player in Korea’s cellular market, and CFO Martin Lee has taken his case to global investors. Lee has overseen the company’s bold strategy since it demerged with its chaebol parent by making LGT everything its competitors are not. The company is building its 3G network incrementally, spending less, and improving finances and internal corporate governance. After several breakthroughs in March and April, Lee’s mission looks less quixotic day by day. (Jun 2002)
MICROSOFTER...OR NOT?
John Connors, the CFO of Microsoft, has seen his job go from a laugh to the bank to making the numbers quarter by quarter. A raft of challenges now faces Connors declining earnings, an antitrust case, and impaired investments made by his predecessor. Microsoft hopes Connors, its fourth CFO, is the right man at the right time. How will he cope with these challenges? (Jun 2002)
FLYING TANDEM
China Southern is a publicly listed company that also falls under the control and ownership of China's bureaucratic government-run Civil Aviation Administration of China. China Southern's CFO sees moves by its largest shareholder to consolidate the industry as ultimately in the best interest of all shareholders. But other obligations, coupled with the mergers, could overstretch the company. Mounting debt is one inevitable result. (May 2002)
ASSET LITE
Li & Fung has inspired traders in Asia with its unique asset-light business model. Noble Group is using the model as well with its commodity-based business. Li & Fung's CFO runs the company's back-end machinery, while Noble's CFO runs the equivalent of an internal bank. The wide range of functions these CFOs manage makes them more business partners than employees. (Apr 2002)
SIXT SENSE
Hutchison Whampoa, the Hong Kong conglomerate, has made a make-or-break bet on third-generation mobile phone technology. In an exclusive interview, CFO Frank Sixt explains Hutchison's strategy, and why the company just might win. (Mar 2002)
BEST PRACTICES
The CFO of Goldman Sachs wins CFO magazine's 2001 Excellence Award for Risk Management by redefining the way Goldman analyzes value-at-risk. (Nov 2001)
RIGHT PLACE, RIGHT TIME
Two CFOs left their cushy jobs in the US for the comparative wilds of Shanghai. Hoping to capitalize on the vast potential for growth in China's mobile phone sector, they founded two companies that service this fast-growing sector. The services were an instant hit, and the companies anticipate dynamic growth – if they can stay ahead of the competition. (Nov 2001)
TAI BREAKER
With its financial muscle and young management, DBS Bank is breaking from the Asian mold of parochial banks, taking risks to expand in bigger markets and compete with global players. But these moves have taken DBS out of the realm of comfortable cash-rich, government-linked corporation. Can CFO Jackson Tai make all of the bank's grand ambitions come true - without sinking the ship? (Jul 2001)
BEST PRACTICES
Eurotunnel CFO Richard Shirrefs joined this debt-laden company when it was beginning to recover from near financial disaster. Then disaster of another kind hit. Here's how Shirrefs and his team put the company back on track. (Jul 2001)
POWER STEERING
Although General Motors has fallen out of grace in its home market, its China strategy may help the company see growth with sparks again. The CFO of General Motors China has tackled the restrictive industry policies, limited funding sources, high tariffs, and cultural differences that make China a minefield for multinationals – and so far, is managing to come out ahead of the game. (May 2001)
WINGS OF DESIRE
Corruption, towering debt, embarrassing crashes, and abrupt management changes have long been the hallmarks of Asia's airline industry. That's because the major carriers are stuck between their government's privatization plans and political fears of relinquishing control of a key industry. This bind has left most of the region's big airlines in financial free-fall. Yet a turnaround may be on the horizon, and dedicated CFOs are making the difference. (Apr 2001)
ROYAL AMBITION
A strict acquisition strategy has helped Royal Ahold grow from strength to strength. But with recession looming, the company has begun to rethink its global strategy. For CFO Michael Meurs, this means helping the 114-year-old company step up its diversification drive, move further into the food-service industry, and also focus on organic growth as a food retailer. (Apr 2001)
RAISING CAPITAL
Han Ying - AsiaInfo's CFO raised US$145 million within 12 months for the young Beijing-based company. (Mar 2001)
TURNAROUND MANAGEMENT
Hee Sang Cho - Facing bankruptcy three-and-a-half years ago, E-Land is now profitable and poised to go public. (Mar 2001)
MANAGING FINANCE IN AN SME
Deepak Ghaisas - I-Flex's CFO has ensured that the growth rate has been matched by its cost reductions at this Mumbai-based company vying to be a global competitor. (Mar 2001)
MERGERS AND ACQUISITIONS
Lim Cheng Cheng - Innovative thinking and a cool demeanor helped Singapore Power International's CFO keep the cost of capital down. (Mar 2001)
RAISING CAPITAL (SPECIAL COMMENDATION)
Chia Song Hwee - Chartered Semiconductor's head of finance pulled off an IPO and further fund raising with spectacular timing. (Mar 2001)
RAISING CAPITAL (SPECIAL COMMENDATION)
Harvey Chang - Prudent cash management by the CFO helped TSMC execute the largest corporate equity issuance in Asia to date. (Mar 2001)
MANAGING FINANCE IN AN SME (SPECIAL COMMENDATION)
Han Ying - Faster collection on accounts receivables, tight cost control and staff incentives have helped AsiaInfo become profitable. (Mar 2001)
SEEING THE LIGHT
CLP Holdings plugs into the region's markets in an effort to keep shareholders' returns burning bright. (Feb 2001)
VETERAN'S DAY
As Carly Fiorina stirs change at Hewlett-Packard, "old-timer" Bob Wayman reinforces the company's venerable past. (Dec/ Jan 2001)
CASH CONTROL
Mark Qiu started off his career as an eCFO in Alaska trying to raise money from Eskimos. Things have been looking up since then. (Oct 2000)
GOING GLOBAL
A brash group of Taiwanese CFOs are helping their companies take on multinationals at their own game. (Sep 2000)
IN THE LINE OF FIRE
Can Hyundai Electronic's CFO Jae Moon Hyun rebuild his company's fortunes given the deep troubles of the Hyundai Group? (Jul 2000)
BOTTLED UP AT SAN MIG
San Miguel's CFO Alberto M. de Larrazabal, one of the region's sharpest finance chiefs, is now sitting on US$1 billion in cash. So far, his efforts to find the right home for this money aren't working - and time could be running out. (May 2000)
A CUT ABOVE
How two CFOs, Graham Howe of Orange and Wolfgang Weik of Alcatel SEL, used finance to remodel and revolutionize their companies' approach to business - and became winners of the first European CFO Excellence Awards. (Apr 2000)
DEALWATCH – DEAL OF THE CENTURY
The man on the financial highwire in the Pacific Century Group's US$38 billion mega-deal to buy Cable & Wireless HKT is Francis Yuen, the company's vice-chairman and head of finance. A day-by-day look at how he's managing the deal of the Century. (Apr 2000)
THE NEW SAMURAI
A new breed of financial director is breathing life into corporate Japan, marking the beginning of a genuine restructuring of Japan's companies from within. These CFOs are young, ambitious and willing to take risks. They use finance methods that favor transparency and promote shareholder value, and they like their compensation pegged to performance. (Mar 2000)
21ST CENTURY CFO
In the new millenium, finance directors in Asia will shape corporate strategies, partner with business units - and even sit on boards of directors. They will also be challenged like never before. (Jan 2000)
ABOVE AND BEYOND
What does it take to be the best in finance? Three CFOs, all winners of CFO's 1999 Excellence Awards in the US, show that innovation and creativity are key to creating shareholder value. (Jan 2000)
THE STAR OF INDIA, VERSION 2.0
Infosys is one of the most successful technology corporations in India. So what will company managers - including finance chief Mohandas Pai - do for an encore? (Jan 2000)
PLUGGED IN, LOGGED ON AND HYPED UP
A new generation of Internet CFOs is redefining the finance function at some of Asia's fastest rising companies. (Nov 1999)
SMOOTH OPERATOR
Greg Maffei, CFO, Microsoft Corporation (Oct 1999)
THIS YEAR'S MODEL
A new breed of CFOs in Asia is focusing on corporate governance, financial best practices and - gasp - shareholder value. (Jul/Aug 1999)
LEGEND IN THE MAKING
Mary Ma, CFO, Legend Group Holdings Company (May 1999)
ACER IN THE HOLE
Philip Peng, senior VP of corporate finance, Acer Computer (Apr 1999)
THE MAN WITH THE MIDAS TOUCH
Chay Yee Meng, CFO, Natsteel Electronic (Feb 1999)
LIFE DURING WARTIME
Michael Healey, head of group finance, First Pacific Company (Nov 1998)