June 12, 2017
CFO of the Year 2017

HBJ Reveals 2017 CFOs of the Year

This year's Hartford Business Journal CFO of the Year Awards may have been one of the most competitive in recent memory.

Among the companies whose chief financial officers were in the running for the honor were Stanley Black & Decker, Aetna, United Financial Bancorp and Virtus Investment Partners.

And those were only nominees in the publicly traded companies category.

We also had an array of deserving finalists and winners in our small to midsize businesses and nonprofit categories.

As part of our annual CFO of the Year Awards, HBJ, with the assistance from readers in the business community and an esteemed panel of judges, has identified a worthy cast of four Greater Hartford area financial managers who are profiled in this special section.

The winners include Michael Angerthal, Virtus' executive vice president and CFO, who has led several important projects over the last year, but none bigger than the Hartford asset manager's $513 million acquisition of Georgia-based RidgeWorth Investments.

Another is Charles Daniels, CFO of Wepco Plastics, a Middlefield-based injection-molding company. Daniels has played an instrumental role helping reverse Wepco Plastics' fortunes in recent years. He's also helped the company recruit a future workforce.

Director of Financial Services Michael Shea has helped the Connecticut Airport Authority in Windsor Locks adopt a new financial management system. He's also helped the Authority — charged with increasing economic development of the state's airports, particularly Bradley Intentional — increase its non-airline revenue.

Finally, Paul Falvey, CFO of PhysicianOne Urgent Care, has helped the quick-service healthcare provider double its number of locations in Connecticut, Massachusetts and New York from nine to 18.

In terms of methodology, the business community was invited to submit nominees in four categories — nonprofit (full-time paid); private company (less than or equal to 100 employees); private company (greater than 100 employees); and public company.

This year's judges — University of Hartford Barney School of Business Dean Martin S. Roth; Quinnipiac University business school Dean Matthew O'Connor; and UConn Business School Dean John Elliott — reviewed the nominations and came up with our four winners.

Please join HBJ in congratulating our winners and all their accomplishments, which were recognized at a luncheon event June 8 at the Connecticut Convention Center.

— Greg Bordonaro Editor Hartford Business Journal

Here are the winners their respective categories:

Public Company: Michael Angerthal, Virtus

Angerthal's 'crowning achievement' is $513M RidgeWorth acquisition

Private Company (Less than or equal to 100 employees): Charles Daniels, Webco Plastics

Daniels helps build Wepco Plastics' future workforce

Nonprofit: Michael Shea, Connecticut Airport Authority

Shea helps Bradley Airport liftoff to higher elevations

Private Company (Greater than 100 employees): Paul Falvey, PhysicianOne Urgent Care

Falvey helps PhysicianOne expand urgent care footprint

Judges

Finalists

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