Business Extra

CFOs reveal hidden trends from earnings season

A quarterly webcast series, "CFO: need to know"

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Today’s CFO faces more challenges than ever. Staying ahead of vital business trends is one of these challenges.

The most recent earnings season (2Q13) revealed some surprising trends in the way organizations are creating value and seeking out growth. How do these surprises affect the way CFOs should plan and execute strategy for the second half of 2013? What do they mean for the near and long-term future of companies trying to do more with less?

Join a panel of EY professionals and leading CFOs for the first of the quarterly EY "CFO: need to know" webcast series. The panel will discuss insights gleaned from the CNBC Global CFO Council, an elite group of Chief Financial Officers who share views on the key issues and challenges for today's CFOs. EY is the exclusive sponsor of the CNBC Global CFO Council.

  • How optimistic – or cautious – CFOs should be in response to recent earnings
  • How CFOs need to act on this news in terms of their capital strategy, growth agenda, enterprise risk and other vital agenda items
  • What other CFOs are thinking and doing in terms of key decisions such as hiring, investments and cash management
  • What CFOs predict will be the next moves on important policy issues such as interest rates and corporate tax reform


Watch the one-minute recap:




Deborah Byers

Ernst & Young LLP, Transactions Advisory Services, Oil & Gas

Deborah is a partner and Energy Market Segment Leader with over 20 years of experience serving both US and non-US-based multinationals. She has in-depth expertise on structuring and financing corporate expansions, joint ventures and large cross-border mergers and acquisitions.

David Drillock

Cytec, Chief Financial Officer

David Drillock is Vice President and Chief Financial Officer at Cytec Industries Inc. and serves as a member of Cytec’s Executive Leadership Team. He is responsible for Cytec’s worldwide tax and treasury functions as well as investor relations.

Dave began his career at American Cyanamid Company in 1978. In 1986, he was appointed Controller of Applied Solar Energy Corporation, a publicly held company, two thirds owned by Cyanamid and became Chief Financial Officer in 1988. He served in that capacity until his appointment to Controller of the Industrial Performance Products Division in June 1990. Dave was named Controller of Cytec in December 1993 and became a Vice President in 2002. In May 2007 he was appointed Vice President Finance, and Chief Financial Officer.

Dave earned his Bachelor of Science degree in accounting from Rutgers and is certified in management accounting and financial management.

Tom McGrath

EY Americas Senior Vice Chair – Accounts

Tom McGrath is Senior Vice Chair – Markets for Ernst & Young’s Americas Area, and a member of the Ernst & Young America’s and U.S. boards. He is currently serving in a senior advisory partner capacity on a number of the firm’s priority accounts. During his career with Ernst & Young, Tom has held a number of senior positions in the Americas, EMEIA and Global. He has also served as global client services partner for a number of major financial institutions.

Tom graduated from Miami University (Ohio) and is a CPA, CBA, certified information systems auditor (CISA), and a member of the American, Pennsylvania and New York Institute of CPAs and EDP Auditors Association.

Chip Tsantes

Ernst & Young LLP, Cybersecurity

Chip Tsantes is a principal in the Financial Services Office of Ernst & Young LLP where he leads the information security practice. He has over 20 years of experience helping clients assimilate emerging technologies, computing architectures and development techniques.

Chip is a frequent speaker at industry events including the FTC’s Proof Positive, Security in Numbers, RSA Security Conference and The Voice Biometrics Conference. Chip is also an expert witness for the Federal Trade Commission in the area of consumer authentication.


Kelly Grier

Ernst & Young LLP

Kelly serves as EY’s Chicago Office Managing Partner overseeing the firm’s assurance, advisory, tax and transaction services. Kelly has more than 22 years of experience serving primarily Fortune 500 global companies.

In 2010, Kelly was selected as a World Economic Forum Young Global Leader. She has been recognized as a “Woman of Achievement” by the Anti-Defamation League and as a “2007 Woman to Watch, Experienced Leader” by the ICPAS and AICPA.

Kelly has extensive board experience, serving as trustee of the Ravinia Festival Board of Directors and a Director of the Chicago Finance Exchange and Children’s Home and Aid Society. She was appointed by Chicago Mayor Daley and Mayor Emanuel to serve as Director of World Business Chicago and as Director of Skills for Chicago’s Future.