- Dow Chemical
Dow Chemical CFO Howard Ungerleider is a strong believer in developing a value-based culture inside the finance function.
Ungerleider recently shared his best piece of financial advice with Business Insider, and it’s centered around the need to understand value drivers and become a “co-pilot” for a company’s overall strategy needs.
The Dow Chemical Company is a global material science company with 2014 annual sales of more than $58 billion.
Ungerleider joined Dow in 1990, and his career with the company has spanned a wide variety of commercial, business, financial, geographic, functional, and enterprise-level leadership roles.
His advice is simple but also highly effective. “In this more volatile macroeconomic environment, finance organizations hold a significant leadership role in developing true value-based cultures,” Ungerleider said. “It begins with a strong accountability focus within the organization – a clear understanding of value drivers, coupled with scorecards based on common financial metrics.”
“In this way, the finance organization elevates from the transactional and becomes a true ‘co-pilot’ in driving business strategy for attractive, sustainable growth,” he said.