CFO Studio Magazine - CFO Innovation Award Winners

WINNER CFO Industry Transformation Award Gregg Kam Vice President and Chief Financial Officer Sonneborn* “The finance organization I led had no other choice but to innovate. With smaller staffs and an ever-increasing hunger for actionable data, it had to change to survive. The operations group was organized around Six Sigma and Lean, while the sales and marketing groups relied on field sales personnel driving new business-development leads. The business was organized this way through a top-down mandate from the senior management team, to accelerate profit growth. …Using techniques that are successful on the manufacturing floor to reengineer processes is a way to embrace change. So we implemented Lean studies to streamline workflows and eliminate non-value-added steps. The entire staff was involved in the process, which allowed for a fair bit of shared ownership. This is what made the changes successful.” 2nd QUARTER 2015 WWW.CFOSTUDIO.COM 19 Finalist for CFO Industry Transformation Award • Karol Gray, Chief Financial Officer, Applied DNA Sciences *Gregg Kam was previously with The Newark Group. As of March 30, 2015, he became CFO of Sonneborn