Four extraordinary financial executives were inducted into the Financial Executives International Hall of Fame on Nov. 12, 2012, bringing the number of members to 20. Now in its seventh year--the Hall of Fame was launched in conjunction with FEI's 75th anniversary in 2006--the event has grown in interest, size and prestige.
The blacktie gala to induct the new members was held for the second time at Gotham Hall, the former Greenwich Savings Bank, in New York--a fitting venue, particularly since FEI was started nearly 82 years ago by 30 finance executives, among which were several bankers.
The Master of Ceremonies for the third year was Tyler Mathisen, co-an-chor of CNBC's Power Lunch.
Representing the gala's premier sponsor, Microsoft Corp., Frank Brod, corporate vice president, Finance and Administration and chief accounting officer, said his company is proud to support the Hall of Fame as it honors executives who possess the "ability to take difficult problems and create success for their companies and the economy as a whole."
The four inductees for 2012 are: William J. Ihlanfeldt, former assistant controller, Shell Oil Co.; Hans G. Storr, former executive vice president and chief financial officer, Philip Morris Cos.; Robert P. Wayrnan, former executive vice president and CFO, Hewlett-Packard Co.; and John K. Wulff, former CFO, Union Carbide Corp.
Introducing Ihlanfeldt, Mitch Danaher, deputy controller, General Electric Co., said: "Bill is a doer. People wanted to work with Bill, who knew how to get things done."
Ihlanfeldt helped to create COSO's Internal Control Framework and the FASB's Emerging Issues Task Force; he also helped to organize FEI's first Current Financial Reporting Issues conference (the 31st annual conference was held Nov. 12-13).
A long-time FEI member, Ihlanfeldt worked for Shell Oil for 46 years. He said he is most proud of the positive contribution the preparer community has made to standard setting and is confident FEI will carry on.
Geoff Bible, former chairman and CEO, Philip Morris Cos., said it was his privilege to introduce Hans Storr. He spoke of his admiration for the man he's known for 45 years--who overcame challenges, including mastering the English language--to "reach the pinnacle," achieving much through "hard work and his ability to work well with people," noting that during Storrs tenure, Philip Morris was always profitable.
Storr said it was an "honor to be inducted into this...