FEI started its mentoring program in 2003, with six prominent chief financial officers mentoring aspiring young financial executives from outside their own companies. The program has grown significantly since then. In 2017/18 about 55 companies are involved, with 66 mentorees in Sydney, Melbourne and Brisbane.
Most of the mentors are the Group CFOs of major companies; in some cases they are divisional CFOs in the largest companies or former CFOs who are now CEOs, COOs, company directors or business unit heads. The companies represented include listed entities, the Australian operations of overseas listed companies, private companies and government-owned companies. Many have been FEI mentors for several years.
The mentorees are nominated by a senior executive (normally the Group CFO) of a company that supports our membership and mentoring program. These companies are usually major companies in Australia.
The quality and motivation of the mentees are critical to the success of the program:
- FEI and the mentors expect the mentees to be financial executives with high potential and ambition (i.e. potential future CFOs / senior finance executives).
- Mentors emphasise the importance of the mentees being motivated to join the program and expecting to gain from it. The average of nominees is around 38.
- We take into account the experience and seniority of both the mentor and the mentee in allocating mentees to mentors.
- The mentees can be in Sydney, Melbourne or Brisbane. CFOs may nominate a mentee in another city and may nominate two mentees, subject to availability of suitable mentors.
- FEI is a non-profit association of individual (not corporate) members. The membership and mentoring fee addressed to the nominating CFO is a payment on behalf of the company’s FEI individual members for their annual FEI membership fees and on behalf of the nominated mentee for his or her participation in the FEI mentoring program.
- In 2017/18 FEI’s membership and mentoring fee is $5,500 plus GST (invoiced in May). It covers the costs of one mentee for a year and up to six annual individual membership fees (including that of the mentoree). An extra mentee is $4,400 plus GST; any memberships over six are an additional $125 plus GST each. FEI’s normal individual membership fee is $175 plus GST ($90 plus GST in Queensland). FEI membership enables members to attend and bring guests to FEI’s speaker lunches.
- The membership and mentoring fee includes the costs of certain FEI functions organised specifically for the mentees or for the mentors and CFOs who nominate a mentee. It also covers their attendances at the FEI lunch which launches the program each year in April / May.
- FOs may support the program by paying the membership and mentoring program fee, even though they do not nominate a mentee in that particular year.
To become a mentor or to nominate a mentoree
CFOs and their senior finance executives in mid-tier sized companies
FEI has a separate Growth Series program for the CFOs and their senior finance staff in mid-tier companies (indicatively $50-500m turnover). Click here for details.
CFOs in the Mentoring Program
CFO mentors in the FEI Mentoring Program for 2016/7 are listed below. Companies that also nominated a finance executive into the program in 2016/7 are denoted by an asterix (*).
|ABB Australia Pty Limited *||Slavko Planinic|
|AGL Energy Limited *||Brett Redman|
|AP Eagers Limited||Sophie Moore|
|ASX Limited||Ramy Aziz|
|Aurizon Holdings Limited *||Keith Neate|
|Australia and New Zealand Banking Group Limited|
|Australia Post *||Janelle Hopkins|
|Australian College of Training and Employment *||Craig White|
|Barangaroo Delivery Authority|
|Bluescope Limited||Charlie Elias|
|BP Australia *||Brooke Miller|
|Brambles Limited||Zlatko Todorcevski|
|Brisbane Airport Corporation *||David Malek|
|Challenger Limited *||Andrew Tobin|
|Cleanaway Waste Management Limited *||Brendan Gill|
|Coca Cola Amatil Limited *||Martyn Roberts|
|Commonwealth Bank of Australia *||David Craig|
|Commonwealth Bank of Australia *||Michael Ford|
|Commonwealth Bank of Australia *||Andrew Doyle|
|Crown Resorts Limited *||Ken Barton|
|CSL Limited *||David Lamont|
|Dexion Group||Rene Allenbach|
|Dexus Property Group *||Alison Harrop|
|Domino's Pizza Enterprises Ltd *||Richard Coney|
|DuluxGroup Limited *||Stuart Boxer|
|Frasers Property Australia *||Matthew Knox|
|George Weston Foods Limited *||Lorna Raine|
|Geotech Group||Dieter Adamsas|
|GrainCorp Limited *||Alistair Bell|
|Group of 100||Peter Meehan|
|Huawei Technologies (Australia) Pty Limited||Luke Austin|
|Ixom *||Bryce Wolfe|
|Lion Dairy and Drink|
|Metcash Trading Limited||Brad Soller|
|Minter Ellison||Janet Young|
|Mirvac Group *||Shane Gannon|
|Myer Holdings Limited *||Grant Devonport|
|National Australia Bank Limited|
|Nufarm Limited||Paul Binfield|
|Orora Limited *||Stuart Hutton|
|Perpetual Limited *||Gillian Larkins|
|Primary Health Care Limited *||Malcolm Ashcroft|
|Qantas||Tino La Spina|
|SCA Property Group||Mark Fleming|
|Seven West Media Limited *||Warwick Lynch|
|Sigma Pharmaceuticals Limited||Jeffrey Sells|
|Stockland *||Tiernan O'Rourke|
|Tabcorp Holdings Limited *||Damien Johnston|
|Tatts Group Limited *||Neale O'Connell|
|The George Institute for Global Health||Tim Regan|
|The Star Entertainment Group Limited||Chad Barton|
|Transurban *||Adam Watson|
|UBS AG *||Nick Hughes|
|UGL Limited *||Ray Church|
|University of Melbourne *||Allan Tait|
|Vicinity Centres||Richard Jamieson|
|Village Roadshow Limited *||Julie Raffe|
|Viva Energy Australia Pty Limited *||Michael Bradburn|
|Westpac Banking Corporation *||David Lees|
|Westpac Banking Corporation *||Mark Jones|
|WiseTech Global||Andrew Cartledge|
|Former CFO of Amcor Limited||Peter Day|
|Former CFO of Australia and New Zealand Banking Group Limited||Peter Marriott|
|Former CFO of Thiess Limited||Sue Palmer|
|Former CFO of Treasury Wine Estates Limited||Tony Reeves|
|Former CFO of Nine Entertainment Limited||Simon Kelly|
|Former CFO of Coca Cola Amatil||Nessa O'Sullivan|
|Executive and NED of various companies||Sara Watts|
FEI's mentoring program – some comments from our mentorees
"I gained more confidence in my ability, a clearer direction of where I am heading and the benefit of having an inspirational mentor who was willing to share knowledge and wisdom with me."
"The mentor was very insightful and offered good suggestions for my development."
"I gained from discussion on areas that I had little experience with – which helped to demystify them. I also benefited from the insight into the character of a successful CFO and from some clear guidance on what I needed to work on in terms of my career exposure."
"It confirmed my view that the CFO role is very broad and you cannot be an expert at everything but need to surround yourself with good staff."
"I gained from discussing the experience of someone in the CFO role in areas such as the interface with the board, team development and strategic finance activities such as mergers and acquisitions."
"An invaluable sounding board regarding development and career progression."
"A forced break from the day of a busy life gave me time and made me consider the role of the CFO and contemplate what is required to get there. Some of the key things highlighted were the people to contact and how the abilities to lead, influence and network are vital in the role."
"It gave me an insight into the issues facing senior management and their experiences, and objective advice from someone external to my current company in confidence."
"I was able to bounce my thoughts off someone who has 'been there, done that'."
"General insights, advice and counselling were the biggest gains and the reason for recommending this great program"
"Many of the solutions that my mentor's company have adopted are directly applicable to my company and to talk them through with the mentor was very valuable indeed. A concrete example is that we have adopted several measures and added momentum to our reporting program."
"A great experience"
...and a few comment from our mentors
"Stepping outside my day job and focussing on someone else helps put some of the day job issues in perspective for the mentor as well."
"It gave me insights into how the mentoree was evaluating different opportunities and into a considerably different business culture."
"I had a better understanding of the challenges and risks facing generation Y."
"Mentoring people helps you focus on what is and what is not important."