October 10, 2014

McCormick Honored as CFO of the Year

Bob McCormick headshot


A top executive from Douglas Dynamics, Inc. (NYSE: PLOW) was recognized as a leader among local corporate financial professionals, as the Milwaukee Business Journal announced that Robert McCormick was named a Chief Financial Officer of the Year.

McCormick, who serves Douglas Dynamics as Executive Vice President and CFO, was one of only two honorees among publicly held companies in the seven-county Southeastern Wisconsin area. He joins a list of 14 executives recognized by the Business Journal from private companies and organizations in government, education and nonprofit management.

Formal recognition of the honor took place Friday, October 10, with a luncheon for the 2014 awards recipients at the Pfister Hotel in downtown Milwaukee. Additional recognition comes in a special section of the October 10 edition of the Business Journal.

The annual CFO of the Year awards program was created to put the spotlight on a group of executives whose work often takes place behind the scenes. “We started this program because financial people are so often unheralded,” said Todd Bragstad, managing editor who helps oversee the annual awards program. “They fly under the radar, yet an effective CFO is such an important part of an organization’s overall success. We think that people like Robert McCormick deserve a lot more attention than they receive.” Bragstad noted that the awards committee was impressed by McCormick’s role in the successful management of a major acquisition in 2013-14. The company acquired TrynEx Inc., a leading manufacturer in truck-mounted salt and spreader equipment. The acquisition included integration of a full line of new products and a network of 1,500 authorized dealers in 26 nations worldwide. “A merger like this is an accomplishment,” Bragstad said. “It calls for the CFO to wear several hats, and successfully completing an acquisition as ambitious as TrynEx deserves special recognition.”

For more information on the Douglas Dynamics portfolio of snowplows, salt spreaders and snow removal equipment, visit www.douglasdynamics.com/brands/.