board résumé - Blythe McGarvie

Blythe J. McGarvie (m) 757‐339‐2737 or [email protected] Blythe McGarvie most recently was on the faculty in the Accounting and Management unit at Harvard Business School. She combines over thirty years of business experience, including four C‐Suite positions with extensive publications and speaking engagements. She serves on corporate boards of directors and gives back to her communities. Her academic specialty is management accounting. She has taught academic and professional audiences on topics including international business and economy, corporate governance, financial controls and gender considerations. BOARDS OF DIRECTORS 
Accenture (since October 2001): This $30 billion world leader of technology and digital consulting, services, and outsourcing has 281,000 people serving 120 countries. Chairman of the Audit Committee since the company went public in 2001 until February 2011 and currently as a member of Audit and Nominating/Governance committees. Approximately $55 billion market capitalization. 
LKQ Corp. (since March 2012): A $5 billion provider of auto and light‐truck aftermarket and recycled systems, components and parts in the U.S. and Europe. Formed in 1998 and through 155 acquisitions and organic growth, LKQ has one‐third of its revenues outside the U.S. Serve as a member of the Nominating and Governance Committee and Chair the Audit Committee. Approximately $8 billion market capitalization. 
Viacom (since April 2007): This $15 billion media company has a reach of 700 million households worldwide that includes 170 channels and 430 digital media properties in 160 countries as well as Paramount Pictures, the nation’s oldest film studio. Chairman of the Audit Committee and member of the Compensation as well as Nominating and Governance Committees. Approximately $37 billion market capitalization. 
Sonoco (since February 2014): a $5 billion global provider of a variety of consumer packaging, industrial products, protective packaging and packaging supply chain services with operations in 34 countries, serving many of the world’s best‐known brands. A member of the 2013/2014 Dow Jones Sustainability World Index, with approximately $5 billion market capitalization. Serve on the Financial Policy and Employee and Public Responsibility Committees. 
Wawa, Inc. (since June 1998): a privately held company Fulfilling Lives, Every Day, Wawa has grown from $1.1 billion in 1998 to a $9 billion fast‐food to go retailer. Value per share over that period grew from $481 to $4544 as of 2013 year‐end. Wawa has excelled in retail foodservice and added gasoline fuel sales in 1999. Chairman of the Compensation Committee. Per Forbes 2010, the company is the 50th largest privately‐held U.S. Company. 
The Travelers Companies, Inc. (from July 2003 to May 2011): This $25 billion property and casualty company resulted from the merger of two established insurance providers in 2004 creating one of the 30 Dow Jones companies (DJIA). Served as Chairman of the Investment and Capital Markets committee with $80 billion in investment assets and member of the Executive, Compensation, and Nominating/Governance Committees. 
Pepsi Bottling Group (from March 2002 ‐ February 2010): This $15 billion distributor of beverages in the US and select foreign markets including Russia, Turkey, and Mexico, was acquired by PepsiCo in February 2010. Served as Chairman of the Audit Committee, and as a member of the Compensation Committee. Served on the Independent Committee evaluating PepsiCo’s offer, increasing it from $29.50 to $37.50 per share. 
Lafarge North America (from May 2004 ‐ May 2006) This $4.3 billion leading provider of construction materials (aggregates, concrete, asphalt) and largest cement manufacturer in North America was acquired by Lafarge SA after a hostile tender offer for the remaining 43% of shares outstanding. Served on the BlytheMcGarvie
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Independent Committee evaluating the offer, increasing the price paid by 44%. Served on Audit and Compensation Committees. POSITIONS OF EMPLOYMENT 
Harvard Business School: From 2012 to 2014, had a full‐time faculty appointment teaching the MBA required curriculum course, Financial Reporting and Control at Harvard Business School and to work with the faculty to produce teachable case studies. Also, taught the FIELD group in Chongqing China in January 2014. 
Leadership for International Finance (d/b/a LIF Group): Founded this advisory firm in 2003 using a consortium model of affiliates with varying functional talents and experience. LIF Group offers a global perspective to clients seeking profitable group and tailor‐made consulting services and leadership seminars for corporate and academic groups. As Chief Executive Officer, led the development of a multi‐million revenue stream from a variety of clients, including The American Express Company, Norfolk Southern, Protiviti Inc., among others. Visit www.LIFgroup.com for more information. As of July 2012, serving only existing clients. 
BIC Group, Paris, France (from 1999‐2002): A $2 billion publicly‐traded global fast‐moving consumer goods company with operations in 36 countries, 24 manufacturing facilities, and over 50 subsidiaries. As Executive Vice President & Chief Financial Officer, 
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Created and implemented a tax strategy for tax savings of $20 million per year in 1999, 2000 and projected savings for future years. Effective tax rate of 45% at the end of 1999 improved to 39% for 2000 and to 36% for 2001 and 2002. o
Identified, attracted and retained the first professional worldwide finance team, developing clear roles and responsibilities for a corporate controller, treasurer, investor relations manager and the first global information technology management structure. o
Purchased remaining 14% minority interest in US subsidiary, requiring substantial creation of information to file the company’s first Document de Reference (similar to a 10‐K in the US) adopting new disclosure and regulatory requirements. Worked with investment bankers to create an acceptable valuation of BIC and its subsidiary. o
Transformed a negative cash position into a positive one by the end of 2000 through attention to working capital ratios and improved cash forecasting. Hannaford Bros. Co., Portland, ME (from 1994‐1999): A Fortune 500 NYSE food retailer company with $3.3 billion revenue. Sold to Delhaize in 1999. As Executive Vice President & Chief Financial Officer, o
Responsible for financial and information technology systems roles for a multi‐regional supermarket retailer with 150 stores in 7 states, including 108 in‐store pharmacies and 89 in‐store banks. o
Significantly improved cash flow from operations and reduced days of working capital to 5.9 days (industry average is 21.6 days). Ranked #1 in the food and drug store category by CFO magazine. o
Developed capital investment analysis and control process for $200 million annual capital budget improving ROA and turning around a declining ROE in 1997. Initiated first share repurchase program in order to reduce equity creep and EPS degradation. o
Improved Information Technology network architecture, realizing over 60% improvement in processing time and dramatically increasing reliability of major retail and merchandising systems. BlytheMcGarvie
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First company to covert a new general ledger system on the Intranet, resulting in a 37% reduction in closing cycle time. 
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Sara Lee Corporation, Chicago, IL (from 1991‐1994): A Fortune 100 NYSE global food, personal and household products company with $11 billion revenue. As Chief Administrative Officer of the Pacific Rim Group, o
Responsible for the finance, strategy, management information systems, and human resources functions for personal product businesses in the Pacific Rim (Asia, Australia, and South America). We grew revenue from $124 million in 1990 to $596 million in 1993, 68% of the growth was due to de novo start‐ups or acquisitions. Acquired and integrated knit products and intimate apparel companies in Japan, the Philippines, and Argentina. o
Implemented key strategic initiatives including entry into the Shanghai market and opening the Hong Kong office to capture sourcing opportunities. Resolved complex situations such as transfer pricing, exchange rate management and several localized accounting issues requiring technical competence. Kraft Foods, Inc., Chicago, IL (from 1985‐1991): A Fortune 100 NYSE international food company with $11 billion revenue. As Controller and Director of Finance and Administration in the KGF Technology Division, o
Responsible for the financial management and site location management of an $81 million cost center with 750 people. Direct accountability for 80 people, 2 unions, and finance, purchasing, building and office services departments. Created the first strategic space and resource 10‐year plan. o
Director of Financial Planning in Corporate HQ for 2 years. Established growth and operating income planning guidelines for all divisions and 110 corporate staff departments, setting goals upon which management was compensated. This became part of the defense strategy and the basis of a cost reduction plan of $400 million used by management and investment advisors in developing defense and restructuring plans as part of the response to Philip Morris, Inc.’s bid to acquire Kraft, Inc. In October 1988. o
Accounting Manager and Marketing Manager in the Refrigerated Division for 3 years. First financial person to transfer into marketing to have P&L responsibility for a new product in test market and daily involvement with a $450 million brand. Launched Light Singles after developing its positioning, trade deal spending, consumer promotions, new packaging, reformulation and first TV commercial. 
Pizza Hut, Inc. (A PepsiCo company), Chicago, IL (from 1983‐1985): Regional Controller/Finance Manager 
Jerrico, Inc. Chicago, IL (from 1981‐1983): Region Controller, Opened its first office for the Midwest region. 
Arthur Andersen & Co. Chicago, IL (from 1978‐1981): Senior Auditor, Certified Public Accountant on first attempt, November 1977, licensed in Illinois. PUBLICATIONS BOOKS 
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Shaking the Globe: Courageous Decision‐Making in a Changing World (New York, NY: John Wiley & Sons, 2009). Best‐seller in 2009 and widely distributed in hardback and electronic editions. Fit In Stand Out: Mastering the FISO Factor, The Key to Leadership Effectiveness in Business and Life (New York, NY: McGraw‐Hill, 2005) distributed in the North America, U.K. and in Spanish, Indian and Russian translations in select countries. BlytheMcGarvie
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JOURNALS AND MAGAZINES  Directors and Boards, “Dynamics of the Board Interview”, Second Quarter 2014  Business Finance, "Taking Stock of your Courage Quotient", July 13, 2011.  Harvard Business Review, case study, "Play it Safe or Take a Stand? The Expert Responds”, November, 2010.  Directors and Boards, "A director’s 5 rules for difficult times," Spring 2009.  Shattered Magazine, 3 articles in 2007 and 4 articles in 2006 publications: o “Simple Steps to Financial Security” o “Imagine a World Without Limits” o “Building Business in Foreign Markets” o “Board Member: To Be or Not To Be?” o “Developing Trust to Stand Out” o “Finance for the Non‐ Finance Professional” o “The Five A’s of Change”  NACD‐Directors Monthly, “Creating Organizational Success for Your CEO and Your Shareholders”, February 2006, Co‐authored with Eleanor Bloxham, The Value Alliance Founder and President.  SASCOM Magazine, “Integrity: A Leader's North Star”, third quarter 2005.  CFO Europe Magazine, Authored the monthly column “Your Move” in 2003. Topics addressed included: Agents of Change, Going Native, Alarm Bells and Promises, Promises. Also served on the Editorial Board, 2000‐2005. Harvard Business School Cases Authored  “Wawa, Inc.” Case 114‐086 pertaining to ESOP Incentives, Organization Behavior Situations and Levers of Control (published April 2014 with co‐author Dennis Campbell)  “Groupon, Inc.” Case N9‐114‐038 pertaining to Financial Reporting and Control issues, Business Valuation Analysis, and Corporate Governance (published May 2014 with co‐author Krishna Palepu) PRESENTATIONS prior to joining Harvard Business School 2012 Speeches 
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August 1, 2012: Building the Courage Quotient, Rancho Palos Verdes, CA, Network of Women Executives annual conference Keynote Speaker. March 20, 2012: Leading to Make a Difference, Shanghai, China, China Europe International Business School. March 19, 2012: Strategic Planning using Appreciative Inquiry, Shanghai, China, China Europe International Business School. 2011 Speeches 
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November 15, 2011: Why Leaders Don’t Learn from Success, Boston, MA. Leadership Development Master Class for Accenture. October 15, 2011: Leadership and Your Career, Hong Kong. Hong Kong‐UST Kellogg MBA program. October 10, 2011: Shattering Five Myths, Shanghai, China. China International European Business School. BlytheMcGarvie
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September 27, 2011: The 21st ‐Century Leader, St. Louis, MO, Boeing Thought Leader Forum, Keynote Speaker. September 8, 2011: Shifting from Success to Significance, Chicago, IL. Executive Leadership Institute Women, KPMG. July 21, 2011: Seeing Red, Denver, CO. Microsoft Annual Global Exchange “Be the Difference” Keynote Speaker. May 7, 2011: Shattering Five Myths Norfolk, VA. Old Dominion University Commencement Address. April 12, 2011: America: A Portfolio of Ideas Taping for the Wall Street Journal video, promoted for 2 weeks to roughly 1 million viewers. March 24, 2011: Trust but Verify, New York NY. Internal Audit with PricewaterhouseCoopers. March 11, 2011: Reinventing opportunities, Chicago, IL. International Women’s Day. March 10, 2011: China’s Inflection Points and Our Economy, Chicago, IL. First Business with Beejal Patel. 2010 Speeches 
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November 15, 2010: The “New Normal”: Shaking the Globe, Tempe, AZ. FCC Services Director Leadership‐ Power of Two, Keynote Speaker. November 15, 2010: Financial Acuity for Success, Tempe, AZ. FCC Services Director Leadership‐ Power of Two, Two‐ 2 hour break out discussions. October 18, 2010: Board’s Role in Developing Corporate Strategy, Washington, DC. National Association of Corporate Directors (Annual conference). October 10, 2010: Industry, Government & Partnerships for Growth, Evanston, IL, Kellogg Innovation Network Fall Dialogue Panel with Congressman Dick Gephardt. October 8, 2010: Leading with Courage, Chicago, IL. Accenture Internal Audit. September 7, 2010: “New Normal” after the Financial Crisis, Portland, OR. MKG Financial Group “Financial Hour.” July 6 and 7, 2010: Interviewed on the global economy and jobs on Monsters and Money in the Morning, on Chicago's CBS TV Channel 2 June 15, 2010: Understanding Board Service, Sante Fe, NM. Alvarez & Marsal Women’s Leadership Conference. May 27, 2010: The Practice of Courage Lausanne, Switzerland. IMD development sponsored by Accenture. April 27, 2010: Shaking the Globe for Women, Minneapolis, MN. Menttium. April 15, 2010: Five guiding principles for Courage, Cambridge, MA. Harvard University Women’s Leadership Project. April 7, 2010: The Practice of Courage, New York, NY. 85 Broads (included in video archive). April 6, 2010: Horizon view of the board room 2010 Outlook, New York, NY. Egon Zehnder panel. March 24, 2010: Entertainment Industry Audit Issues, New York, NY Sponsored by Pricewaterhouse Coopers. March 8, 2010: Resilience in the Face of Change, Minneapolis, MN. International Women’s Day Keynote Speaker. 2009 Speeches 
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June 16, 2009: Going Global in Changing Economic Times, Boston, MA, Corporate Directors Group, IIS Education Certified. April 30, 2009: Going Global in Changing Economic Times, Washington, DC. American Institute of Certified Public Accountants Annual Convention. March 18, 2009: Going Global in Changing Economic Times, Norfolk, VA. CIVIC Leadership Annual Regional Forum in conjunction with National Public Radio WHRO. BlytheMcGarvie
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March 17, 2009: Fit In, Stand Out Leadership with Financial Acumen, Wellesley, MA. Human Resources Leadership Development Program sponsored by nGenera. March 10, 2009: Board Governance in Difficult Economic Times, New York, NY Sponsored by SOLEIL Securities. Private Registration. March 2, 2009: The Millennial Generation Shaking the Globe, Williamsburg, VA. Mason School of Business William and Mary College. January 29, 2009: Innovating during times of Trouble and Plenty, Miami, FL. Kellogg Innovation Network. Sponsored by US Military’s Southern Command. 2008 Speeches 
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November 19, 2008: C‐Suite leadership moderator, Summit for Worldwide Partners PricewaterhouseCoopers, Sydney, Australia. October 31, 2008: Predicted Scenarios for the Next Presidential Term, Sonoma, CA. PwC Executive Forum at Charles Schwab Cup Championship. Sponsored by Duke Corporate Education. September 25, 2008: Fit In, Stand Out: Assuring Philanthropy and You FISO at your Organization, Chicago, IL. Sponsored by Association for Healthcare Philanthropy. September 18, 2008: Going Global, keynote speaker, Boston, MA. Corporate Directors Group. September 9, 2008: Corporate Board Members, Washington, D.C. Institutional Investor Board Member/CFO Symposium. June 17, 2008: CFO Leadership, The Travelers Companies, Newport, RI. Private registration. May 9, 2008: Convergence of IFRS (International Financial Reporting Standards), PriceWaterhouse Coopers, Ponte Vedra Beach, FL. March 5, 2008: Shaking the Globe, Strategic Leadership Conference for Northern Trust, Chicago, IL. Private registration. February 25, 2008: Convergence of IFRS, KPMG Lead Partners, webinar. January 31, 2008: Audit Committee Best Practices, KPMG Fourth Annual Audit Committee Issues. Conference, Ft. Lauderdale, FL. January 7, 2008: Finance and Consulting Success, Mason School of Business at the College of William and Mary, Executive MBAs, Williamsburg, VA. 2007 Speeches 
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December 14, 2007: Fit In, Stand Out Leadership with Financial Acumen, Wellesley MA. Human Resources Leadership Development Program sponsored by BSG/Concours. November 8, 2007: Fit In, Stand Out Leadership, Menttium webcasts, Europe a.m., Asia, p.m. November 11, 2007: Finance for Non‐Finance Professionals, sponsored by Better Management, webinar. October 20, 2007: Fit In, Stand Out Leadership, Menttium keynote speech, Chicago, IL. September 11, 2007: Outstanding Corporate Board Members, Washington D.C. Institutional Investor Board Member/CFO Symposium. September 7, 2007: Fit In, Stand Out Leadership, Menttium keynote speech, Minneapolis, MN. August 23, 2007: Excellence in Service Leadership Program, Customized for HSBC, London, England. May 4, 2007: FISO Leaders D.A.R.E., Sixth Annual Beyond Budgeting Conference, Orlando, FL. March 29, 2007: Shaping your Future ‐ FISO Leaders D.A.R.E., keynote speaker, The Women's Congress sponsored by Simmons College, Boston, MA. January 9, 2007: The Language of Business: Finance, Human Resource Leadership Program, Wellesley, MA, sponsored by The Concours Group. 2006 Speeches 
December 14, 2006: FISO leaders D.A.R.E., KPMG and Norfolk Southern WiNS co‐sponsored, Atlanta, GA. BlytheMcGarvie
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December 11, 2006: Women in Business Achievement Awards Keynote, Inside Business and Landmark Communications, Norfolk, VA. December 4, 2006: Fit In, Stand Out Leadership, Norfolk Southern WiNS, Roanoke, VA. November 28, 2006: FISO® Factor for Leadership Success, Accenture Global Workshop, Boston, MA. November 15, 2006: Leading in the Age of Ambiguity, The Corporate State, Sponsored by Harvard Business School Publishing, New York, NY. November 13, 2006: Fit In, Stand Out Leadership, KPMG and Norfolk Southern WiNS, Norfolk, VA. October 18, 2006: FISO: Leadership for Success in Business and Life (audio seminar). October 17, 2006: CFOs in the C‐Suite: Enabling Sustainable Innovation and Profitable Growth, sponsored by CFO Magazine, New York, NY. October 5, 2006: Fit In, Stand Out Leadership, Inaugural keynote for Executive Women Network, sponsored by Towne Bank, Williamsburg, VA. September 20, 2006: Leading in the 21st Century, Higher Colleges of Technology, conference entitled “Entrepreneurship 2010” Dubai, United Arab Emirates. June 7, 2006: Fit In, Stand Out, A World HR50 Companies roundtable discussion, New York, New York. May 31, 2006: CFO as Change Agent, CFO Roundtable sponsored by Cushman & Wakefield and Accenture, Atlanta, Georgia. May 30, 2006: Global Execution & Excellence webcast training for Internal Audit. May 16, 2006: How Women Leaders Make Choices, Second Shift, Chappaqua, New York. May 16, 2006: Fit In, Stand Out, PepsiCo Attorney Conference, Chicago, IL. May 5, 2006: Mastering the FISO Factor for Leadership Effectiveness in Business and Life, Baker and McKenzie, Phoenix. AZ. April 22, 2006: Principles of Power, Simmons School of Management, World’s Premiere Annual Conference for Women, Seaport World Trade Center, Boston, MA. March 8, 2006: Leadership and Success, International Women’s Day, Panel and webcast to 4 world cities, London, England. March 6, 2006: Fit In Stand Out, Corporate Directors’ Club, Ponte Vedra Beach, FL, Private registration. February 23, 2006: Corporate Governance Best Standards, tapings for The Value Alliance for Fortune 1000 companies, New York, NY. February 22, 2006: Fit In Stand Out: Financial Acuity for Success Microsoft Leadership Forum Webcast February 7, 2006: Mastering the FISO Factor, Wharton School of Business, Women Business Conference, Philadelphia, PA. January 17, 2006: Fit In, Stand Out, Leadership Advantage, Williamsburg, VA. Lead‐off speaker for the first of several sessions as part of this new initiative, Leadership Advantage at the Mason School of Business at William and Mary College. EDUCATION Northwestern University, J.L. Kellogg School of Management, Evanston, Illinois MBA 1978 Northwestern University, Evanston, Illinois, B.A. Economics 1977 Selected after junior year to matriculate in the Graduate School the following fall AWARDS AND AFFILIATIONS  Selected as an Audit Committee Learning Network member (2012‐present), a group of Audit Committee Chairs of American and European companies with revenues of $10 billion or more, sponsored by Tapestry Networks. The objective of ACLN is for members to improve their performance and change systems that govern their industries and competition.  Member of The Chicago Network (2011‐present), a premier organization of diverse, professional women in the Chicago area who have reached the highest echelons of business, the arts, government, the professions and academia. BlytheMcGarvie
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Member of the Board of Directors for the Lyric Opera of Chicago and serve on Nomination Committee (2010‐
present). Previously served on the Guild Board of the Lyric Opera of Chicago since 1989 to 2010. Co‐founder and Senior Fellow for Kellogg Innovation Network (KIN), (2003–present). The objective of KIN is to create new research and educational experiences to focus the lens of business. KIN is part of the Kellogg School of Management, Northwestern University. NACD/Directorship recognized McGarvie as one of the “Most Influential People on Corporate Governance and in the Boardroom”, December 2008, December 2010 and December 2012 The Board of Trustees of Old Dominion University granted an Honorary Doctorate of Humane Letters to McGarvie, December 2009. Gave commencement speech in May 2011 to over 1000 people. Virginia Lawyers Media included Blythe McGarvie in its Class of 2010 of “Influential Women of Virginia”. ” This awards program, started in 2009, recognizes the outstanding efforts of women in The Commonwealth in all fields, including law, business, health care, education and the arts. Hampton Roads Inside Business recognized McGarvie as the 2006 winner of the “Women in Business Achievement Award”. J.L. Kellogg Graduate School of Management Schaffner Award recipient in 1992, presented annually to an alumnus (a) who is pre‐eminent in his or her field and who provided outstanding service to Kellogg. Northwestern University Service Award recipient in 1991 in recognition of loyal service rendered to the Northwestern University Alumni Association, its objectives and its ideals. Elected to the Board of Trustees of the University in 1985 as an alumni trustee, allowed to serve for a limited term. Lyric Opera of Chicago Guild Board, member 1989 to 2010. Top 10 fundraiser for several years. Kellogg Alumni Council member since 1983 and selected for the Pete Henderson Society, a group recognized for helping make Kellogg a leader in management education. Former President of the Kellogg Alumni Club of Chicago (1987‐1988) and original co‐founder of the school’s first alumni club. One of three founders of the Portland Opera Repertory Theater in Maine (1995 to 1999), raising funds. PORT still exists, producing a classic opera each summer. 
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Maine Humanities Council (1995‐1999), affiliate of the National Endowment for the Humanities (NEH), providing programs and grants to promote literature, history, the arts and literacy within the community. Chicago Council on Global Affairs, formerly the Council of Foreign Relations of Chicago and selected for the Committee of Foreign Affairs (1989‐1994) and for a 2‐week immersion in Japan to study the steel industry. Updated July 2014 BlytheMcGarvie
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