At the end of a difficult but ultimately successful year for the North Carolina Symphony, nothing could be more fitting than Chief Financial Officer Rob Schiller’s recognition by the Triangle Business Journal as 2010 CFO of the Year in the category of Large Non-Profit Organizations.
Awards were presented to professionals in the Triangle who exemplify excellence as corporate financial stewards. Forty-seven finalists were recognized and 17 winners were named in 12 categories at the awards luncheon, Thursday, July 15, at North Ridge Country Club in Raleigh.
Schiller, who became the Symphony’s CFO in 2004, told TBJ, “I’m one of the most fortunate CFOs in the Triangle. I get to combine my passion for classical music with my acumen in financial management. This prior experience affords me the unique perspective to better understand these roles at the North Carolina Symphony.”
Faced with growing debt, Schiller worked closely with Symphony CEO David Chambless Worters and the management team to reduce variable expenses throughout FY 2009 and adjusted both fixed and variable expenses for the FY 2010 budget, shaving nearly $2.5 million in expenses from FY 2009 to FY 2010 without sacrificing the quality of the Symphony’s programs across North Carolina.
“I was fortunate to work with an exceptional finance committee under the leadership of Board Treasurer David Strong to address the Symphony’s finances,” says Schiller. As a result of their efforts, the Symphony finished FY 2010 strong and will reduce its cumulative operating deficit by more than $1 million.
“We are enormously proud of Rob,” says Worters, “and we are grateful to the TBJ for recognizing his contributions to our organization. Rob is an invaluable leader for our organization and working with him is a total pleasure.”
Says TBJ publisher Charlene Grunwaldt, “Our CFO of the Year Awards were launched as a way to reward and recognize the best performing finance executives in the Triangle. This year’s winners have displayed a remarkable track record of professional achievements and nonprofit involvement, and our community is better off for their many contributions.”
Complete information on the North Carolina Symphony can be found at www.ncsymphony.org.