Chair post in Canada has a certain Ring to it.As a golfer, Grant M. Ring confesses to be a "perpetual learner." As a financial executive in Canada, the incoming FEI FEI Fédération Équestre Internationale. Canada chair for 2008-9 has clearly learned how to make himself indispensable to the organization. In nine years since joining the chapter in Regina, Saskatchewan, Ring has been a chapter director and president and rotated through a series of posts with the national organization, including Treasurer, Vice President of Operations and Vice Chair. He says he took a liking to the people and the organization, and realized that "becoming more involved in the leadership was rewarding and valuable." "What got me going first was the conference in Vancouver [in 1999]--I met a lot of Americans, and they were very receptive," he said in a recent telephone interview. "These were people who were jogging in the morning, and they asked me if I would come and go jogging with them. The reception was very positive." Now acting vice president and CFO See Chief Financial Officer. of SaskPower--the major utility in the province--and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of its North-Point Energy Solutions subsidiary, Ring has risen through the ranks at SaskPower since joining as a fixed-asset accountant in 1990. The $1.5 billion-revenue company is headquartered in Regina, and he's worked in the home office his entire career. [ILLUSTRATION OMITTED] Like many career financial executives, his trip to the CFO post has taken him through a series of progressive steps: from assistant controller to acting controller, treasurer, and a stint in 1999-2000 as manager of business and financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against , where he was responsible for developing the company's five-year plan Five-Year Plan, Soviet economic practice of planning to augment agricultural and industrial output by designated quotas for a limited period of usually five years. , financial forecasts and balanced scorecard Balanced Scorecard A performance metric used in strategic management to identify and improve various internal functions and their resulting external outcomes. The balanced scorecard attempts to measure and provide feedback to organizations in order to assist in implementing . Prior to joining SaskPower, he was a cost accountant cost accountant n. An accountant who keeps records of the costs of production and distribution. cost accounting n. Noun 1. with Genstar Materials and a man-ager of plant accounting for Federal Pioneer Ltd., a maker of electrical supplies like switching gear. NorthPoint Energy Solutions is an energy management and trading company with about C$130 million in sales that also generates C$300 million-C$400 million a year in internal volume to the parent company. While it has its own CFO, "We had to split the group off because in Canada, you can't have transmission and trading in the same legal entity," Ring notes. Over the years, Ring also developed substantial expertise and interest in pension plans, and has presented at pension conferences across Canada Across Canada was an afternoon program that formerly aired on The Weather Network. The segment ran from early 1999 until mid 2002. The show ran from 3:00PM ET until 7:00 PM ET. . He has been a board member since 2003 and vice chair since 2004 of the Saskatchewan Public Employees Pension Board, and chairs the smaller SaskPower Superannuation Superannuation An organizational pension program created by companies for the benefit of their employees. Notes: Funds deposited in a superannuation account will typically grow without any tax implications until retirement or withdrawal. Board, which he has sat on since 2001. SaskPower itself has grown organically over the years, as the province has grown, buying out small municipal utilities along the way. It both produces and transmits power, drawing 60 percent from coal, 20 percent from hydropower hy·dro·pow·er n. Hydroelectric power. and the rest from natural gas and wind farms, Ring says. "There aren't a lot of people here in Saskatchewan, but it does have lot ofoil and gas, and we've got probably some of best potash and uranium deposits anywhere, as well as diamond and gold mining," Ring says. Ring, who has a certified management accountant You can assist by [ editing it] now. (CMA CMA - Concert Multithread Architecture from DEC. ) designation and earned an executive MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration at Queen's University Queen's University, at Kingston, Ont., Canada; nondenominational; coeducational; founded 1841 as Queen's College. It achieved university status in 1912. It has faculties of arts and sciences, education, law, medicine, and applied science, as well as schools of , has also been active in the CMA group's Society of Management Accountants. He's been a provincial conference chair, has worked on national marketing and is current a professional program mentor for the group. He says his main goal as chair is to continue rollout of the FEIC FEIC Financial Executives International Canada strategic plan. This includes member services activities, knowledge-sharing, profile and branding, improving governance and "full implementation of the database." One of the governance issues, he allows, is trying to deal with issues related to the relationship between the national and chapter organizations, to achieve better effectiveness. The Canadian database effort, which was segregated from the FEI U.S. database some time ago, is being augmented, and Ring says "we want to promote chapter services through the database." Branding efforts are bearing real fruit, he says, with the publication ofsome research papers gaining the attention of the academic community. But, more clearly needs to be done to make people aware of FEIC and how it differs from other organizations. "We found people who didn't know what FEI was. The ability to have a position on major issues, on budget or tax issues, was key," Ring says. "This was partly mixed in with service to members; we want like-minded people to share information. There are lots of things that tie together. We see great opportunities and some successes." Referring to FEIC's continuing growth, he adds: "We were under-represented in terms of reaching lots of folks that could have been members that weren't even talked to. We got ourselves better organized, and now we've been talking to them. It may be that with the extra complications of the accounting environment, they sensed that they needed other resources." Ring and his wife, Shana, are celebrating their fifth anniversary on July 5. They have a blended household, with his two daughters, Felicia, 19, and Samantha, 18; and her children Jessica, 16, Tyler, 14, and Sarah, 12. "They're pretty good kids," Ringsays. "Not even siblings always get along; you need to develop a little more tolerance" when you mix families. "You have to work hard at problem-solving--my wife is involved in leadership and succession planning consulting. She has lots of training and skills, and we have definitely tried a lot of those things." Ring grew up riding motorcycles on a farm outside Regina, and says he "got into it again six or seven years ago" and now does a fair amount of highway riding. Another big pursuit has been alpine skiing, which is notable for the fact that Regina, on the northern prairie, is 500 miles from the nearest major ski area. But Ring got involved as an adult with his children, and became a coach and race official for a number of years, ending in 2004. Coming back to his role as chair, Ring declares that FEIC CEO Michael Conway is the person who speaks for the organization. "We're here to chair a board, not to change the direction of FEI Canada. Conway will be the focal point focal point n. See focus. . It's not about me or the board, it's about Michael Conway. In that way, we see the mission of the organization evolving, not flipping back and forth depending on who is chairman." |
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