Super CPA Profile: Carolyn Johnson Luckadoo

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Carolyn Johnson Luckadoo
Bay Electric Co. Inc., Newport News

Title: CFO
Birthplace: Pelham, Ga.
Education: Bachelor’s degree in accounting, Georgia Southern College (now Georgia Southern University)
Spouse: The late Rodney D. Luckadoo
Children: Daughter Ashley, 26
Hobbies: Reading and shopping
Fan of: Georgia Southern, University of Georgia, University of Virginia
Recently read book: “Eat, Pray, Love” by Elizabeth Gilbert
First accounting job: Staff accountant for a sole practitioner in Elizabethtown, N.C.
Career mentor:  Fred Malvin and the late David Phipps

What unique challenges do CFOs face in your industry?
“The economic downturn has intensified the normal challenges to manage cash, control costs and carefully evaluate customers, suppliers and subcontractors.  Replacing backlog is difficult with the number of competitors for few construction projects, and commodity price fluctuations such as for copper, steel or cement can doom a project before it starts.  The current regulatory climate is also of concern because of the number of changes, the frequency, and the costs associated with compliance or the lack thereof.”


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