August kicked off The CFO’s Role in Creating Shareholder Value Special Task Force! Over the next few months, 15 CFO Alliance Members are meeting over the phone to create a report providing actionable insights, best practices and tools for CFOs to consider as they are developing and executing their corporate strategies.
This month, I’d like to highlight one of our long-time CFO Alliance Members, Andy Wesztergom, CFO at specialty metals company in Philadelphia, Thalheimer Brothers. He has been the CFO at Thalheimer Brothers for the past seven months and was previously the CFO of the Americas Region at Houghton International. Over the last two years, Andy has been involved in 3 deals, in various stages from sell side due diligence, buyer due diligence to integration.
Andy has stepped up and played a very vocal role in this Special Task Force in the early stages. He has been influential in emphasizing the importance of increasing shareholder value through the M&A process and how to identify and measure synergies. He stresses that determining a baseline becomes very important in order to capture and measure value created through synergies, including cost benefits, but also market expansion through cross selling and harmonizing innovation. Andy has also been influential in connecting with CFO Alliance Members to help provide valuable peer guidance in the M&A process for Members who are not as well-versed in M&A activity. Thank you, Andy, for your continued CFO Alliance contributions!