KPG Funds names first CFO amid growth push | State

NEW YORK, Feb. 7, 2021 /PRNewswire-PRWeb/ — Indicating its confidence in the city’s rebirth—and underscoring its plans to invest in the Big Apple—KPG Funds has hired a chief financial officer for the first time, and tapped veteran CFO Stephen Smith for the role. He brings more than 30 years of finance, accounting and operational experience to the growing real estate firm.

In his new role, Smith will manage KPG’s financial strategy and treasury functions. He will report to Greg Kraut, Chief Executive Officer. The new hire and position by the office focused real estate firm—which specializes in value-add acquisitions and development—was made in order to bulk up KPG’s finance, accounting and investment management team.

Formerly a CFO at several institutional private equity firms, including Iron Point Partners and Westbrook Partners, Smith is part of a KPG initiative to bulk-up its investment management team. KPG expects to do many

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Salesforce CFO Hands Reins to Successor After More Than Six Years at Helm

Mark Hawkins

is handing over the reins of Inc.’s

finance function after helping lead the technology company through a period of relentless growth while displaying that often rare combination of methodical focus and people skills.

After a 40-year career in finance, Mr. Hawkins is retiring as Salesforce—a provider of customer-relationship-management software—looks to expand its kit of workplace tools.

Amy Weaver,

previously the company’s chief legal officer, will take over as chief financial officer Monday.

The San Francisco-based company, which hit a market capitalization of more than $200 billion during Mr. Hawkins’s more than six years as CFO, in December agreed to buy collaboration platform provider

Slack Technologies Inc.

for $27.7 billion. Salesforce is awaiting regulatory approval for the deal.

Mr. Hawkins, who will remain with Salesforce until October

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CFO Systems | Inside Business

CFO Systems CFO Systems has added Jim Harshman, John Lomoro, and Chris Whitlow to its nationwide team of 40-plus professionals focused on helping our clients grow. The CFO Systems team has extensive experience leading the accounting, finance, and human resources operations for organizations of all sizes. Each of the new team members will serve different sectors within the US middle market. Jim Harshman is an accounting and finance executive with over 30 years of experience leading the Accounting and Finance departments for privately held and publicly traded U.S. and international companies. Coupled with his extensive experience leading Information Technology and Human Resources departments, Jim has also developed, managed, and enhanced the financial performance of companies through financial analyses, strategic planning, process streamlining, expense reduction, and increased operational efficiencies. He holds CPA and CMA certificates. John Lomoro is a Certified Public Accountant with over 25 years of experience. He has

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When Should You Hire An On-Demand CFO?

Partner of Eventus Advisory Group, LLC., helping companies meet their CFO, Finance and Accounting needs with fractional teams.

Certain roles and positions do not require full-time resources. However, there is a tendency to think you can only fill a role with a full-time person. If there is not enough role-related work for that person, you usually end up with one of two suboptimal scenarios:

• You give the person other work and responsibilities outside their core role. This can expand the person’s horizons but can be inefficient because you do not have an expert to do the noncore tasks.

• The person slow-walks the assignments to fit into a full day’s work.

You can avoid these scenarios with well-managed, on-demand staff.

On-Demand Definition

On-demand, fractional and virtual are all terms used for a part-time person and are roughly interchangeable. The concept has been around for decades and has

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