CFO of the Year

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Guardians of the treasury

Finance execs face array of timely challenges

On the heels of the global pandemic, labor shortages, economic uncertainty and much more, it’s never been a more challenging time to be a chief financial officer, says Pete Graham, CFO for Norfolk-based debt buyer PRA Group. Photo by Mark Rhodes

How’s this for an anxiety recipe? Serious supply-chain woes. A worsening labor shortage. Historic inflation. Rising lending rates. Soaring fuel and energy costs. An exceptionally volatile stock market. Growing cybersecurity threats. Global instability. Oh, and the pandemic that started more than two years ago is still with us. Can you imagine a tougher time to…

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Being named CFO of the year is a “great going-away gift,” says Hossein Sadid, who retired in June as CFO for the Virginia Museum of Fine Arts. Photo by Caroline Martin

‘Just when I thought I was out’

Museum CFO is finally retired — maybe

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Virginia Business’ 2022 Virginia CFO of the Year award winners represent large and small businesses and large and small nonprofits.  Large nonprofit | Hossein Sadid, CFO and deputy director for finance and administration Virginia Museum of Fine Arts, Richmond After a couple of failed attempts, Hossein Sadid finally retired at the end of June from…

Altria Group CFO Sal Mancuso brings his 30-plus years of experience to his volunteer position chairing regional economic development organization the Greater Richmond Partnership. Photo courtesy Altria Group Inc.

Broadened horizons

CFO leads diversity, economic development efforts

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Virginia Business’ 2022 Virginia CFO of the Year award winners represent large and small businesses and large and small nonprofits.  Large business | Sal Mancuso, executive vice president and CFO Altria Group Inc., Henrico County A first-generation college graduate whose father immigrated to this country from Sicily, Italy, as a teenager, Sal Mancuso believes it’s…

Before becoming CFO of Feeding Southwest Virginia, David Argabright organized more than 100 missionary trips across five continents. Photo by Don Petersen

On a mission

Roanoke-area nonprofit’s CFO takes hands-on approach

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Virginia Business’ 2022 Virginia CFO of the Year award winners represent large and small businesses and large and small nonprofits.  Small nonprofit | David Argabright, CFO Feeding Southwest Virginia, Salem David Argabright’s background in construction came in handy when Feeding Southwest Virginia opened its Community Solutions Center in a high-crime, poverty-stricken area of Roanoke. “I…

Earlier in her career, Fahrenheit Advisors CFO Cynthia Macturk was a finance executive at Capital One, helping establish operations in England and South Africa. Photo by Caroline Martin

‘A seat at the table’

From Fortune 500 to small biz, CFO finds her niche

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Virginia Business’ 2022 Virginia CFO of the Year award winners represent large and small businesses and large and small nonprofits.  Small business | Cynthia Macturk, CFO Fahrenheit Advisors, Richmond When Cynthia Macturk wants to consult with professional peers, she doesn’t have to go far. “Here, I have an entire in-house network of wonderful CFOs,” says…

Out and about

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Virginia Business held its 17th annual Virginia CFO Awards banquet at The Jefferson Hotel in Richmond on June 16. Sponsored by Truist and Brown Edwards, the event honored 51 CFOs from around the commonwealth, nominated in four award categories, representing a variety of for-profit businesses, nonprofits and government agencies. (See Pages 59-64 for the full…