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Thursday, June 07, 2007

Awards honor CFOs' tech achievements

The Defense Department’s Zack Gaddy was among those honored when the Washington area’s chief financial officers gathered June 5 to toast their best and brightest at the 11th Annual Greater Washington Technology CFO Awards.

Gaddy, director of DOD’s Finance and Accounting Service (DFAS), took home the first annual Phoenix Award. It recognizes the CFO from a federal agency or public or private corporation who has achieved the greatest success through finance and technology transformation.

Gaddy oversees the work of about 13,000 people at DFAS, which in 2006 doled out 145.3 million pay transactions totaling about $424 billion to 5.9 million people.

The selection committee also honored former Virginia Gov. Mark Warner with the Michael G. Devine Hall of Fame Award for career achievement. Before becoming governor in 2002, Warner co-founded the technology-based venture capital firm Columbia Capital and the company that would eventually become Nextel. As governor, he turned the $6 billion budget deficit he inherited into a surplus.

“More important than being a Democrat or a Republican, I think that there ought to be a requirement that every legislator can prove that he or she can read a balance sheet before they get elected,” Warner told the crowd as he accepted his award.

- Ben Bain, FCW.com

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