March 14, 2017 – Executive search firm Lochlin Partners has placed Tracey Stevens as chief financial and administrative officer of Pink Ribbon Red Ribbon. Managing partner Patrick Friel led the assignment.
Ms. Stevens will serve as a key member of the senior leadership team, responsible for overseeing all financial and administrative functions within the organization.
With 20 years of experience in leading accounting, finance and administration for non-profit organizations, she most recently served for nearly three years as the chief financial officer for IMA World Health, a Washington, D.C.-based international development organization focused on health system strengthening and service delivery for some of the most marginalized populations of West Africa, Haiti, and Indonesia.
Prior to that, Ms. Stevens served for nine years, five as vice president of finance and administration, for Child Trends, the nation’s leading non-profit research organization focused exclusively on improving the lives and prospects of children, youth, and their families.
Why Recruiters Center On Fundraising Skills
Organizations nationwide are under pressure to find leaders who can act as de facto chief fundraisers – and recruiters are in lock step to find talent to satisfy the demand. These leaders need to be strategic thinkers who can motivate the stakeholders whose philanthropy pulls everything together.
She has specialized in infrastructure development and capacity building for growing and transitioning organizations. Her expertise includes financial reporting, grant and contract management, indirect rate management, strategic planning and projections, budget development, board and funder reporting and risk management and compliance.
Inside Non-Profit Recruiting
Pink Ribbon Red Ribbon, an independent affiliate of the George W. Bush Institute, saves lives from cancer in countries where the need is greatest. A global organization powered by partnerships, it has screened over 300,000 women for cervical cancer, and over 15,000 for breast cancer.
Lochlin Partners, based in the Washington, D.C., area, conducts searches for board and executive level positions within government & corporate affairs, government contracting, technology & services, higher education, the public sector, financial services, and healthcare.
For almost 20 years, Mr. Friel, the recruiter who handled this search, has provided executive recruiting and leadership advisory services to a broad range of clients. He works extensively with government, technology and professional services organizations, trade and membership associations and non-profits, helping build their management teams.
Mr. Friel recently sat down with Hunt Scanlon Media to take us inside this search assignment and to discuss the current state of non-profit recruiting.
Pat, what type of leader was Pink Ribbon Red Ribbon seeking?
Pink Ribbon Red Ribbon sought a chief financial and administrative officer who could provide financial expertise and leadership in this complex operating environment. They specifically needed a leader who could provide the administrative leadership to help this rapidly growing organization to flawlessly execute its mission. As a result, we found ourselves looking at candidates who had led in complex, not-for-profit organizations, overseeing significant operations overseas and who had extensive experience working with entities that received federal funding.
How did Tracey fit that bill?
Tracey had experience that was a stand-out fit for this role. She had public accounting experience earlier in her career and over 15 years of experience in financial management experience in increasingly complex not-for-profits. This experience culminated in her most recent position as CFO at IMA World Health that operated a $100 million entity with a heavy operational concentration in Africa. Her outstanding credentials notwithstanding, what made Tracey the perfect fit was a deep appreciation for, and interest in, Pink Ribbon Red Ribbon’s mission.
Have you seen an uptick in leadership searches for non-profits?
Currently, we continue to see healthy activity in the non-profit space. Given the change in Presidential administrations, you might expect that there would be a pause in activity as President Trump articulates his vision, particularly with those entities that receive federal funding. However, we have seen a recognition from the leadership of these organizations that their mission is too important to pause and so they are moving forward. It will be interesting to see how this plays out further in the coming months.
“This scenario can really be a win-win for both the organization and the executive. The non-profit gets access to contemporary business thinking and gains the ability to make potentially big relevant changes in their organization. The executive is usually provided the opportunity to make a big impact, leverage their business skills and work on a mission they find personally fulfilling after years of service in their for-profit environments.”
We have seen a lot of non-profits plucking talent from the corporate world. Why is this an appealing pathway for business executives?
We have see this, too, and we’ve helped pluck some of that corporate talent along the way ourselves! This scenario can really be a win-win for both the organization and the executive. The non-profit gets access to contemporary business thinking and gains the ability to make potentially big relevant changes in their organization. The executive is usually provided the opportunity to make a big impact, leverage their business skills and work on a mission they find personally fulfilling after years of service in their for-profit environments.
Pat, can you share some other search work you’ve recently completed for non-profits?
Lochlin Partners is proud to work with a great cadre of non-profit clients. In addition to Pink Ribbon Red Ribbon we continue to serve the market working with clients such as ALSAC/St. Jude Children’s Hospital, Americares, Hope for Haiti, the Make a Wish Foundation, Pro Mujer, PBS and the USO. They’re all looking for transformational leaders and I think we’re perfectly placed to help them.
Contributed by Dale M. Zupsansky, Managing Editor, Hunt Scanlon Media