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FALL/WINTER 2011



ccording to Bill Weaver, senior vice president and chief financial officer, Audit Services is a critical function in any public corporation and T&B now has a new leader at the helm.

Stephen Schaefgen recently joined T&B as vice president of Audit Services.

"Steve is an excellent addition to our finance team," said Bill. "He is a seasoned leader with a track record of delivering practical solutions and results and will add value to this important function."

The Audit Services team is responsible for ensuring that T&B's financial and business process controls are well designed and operate reliably while also providing leadership in risk management, compliance and business process improvement.

The most effective Audit Services departments act as a partner to the businesses in helping them understand and mitigate the risks that may arise in the normal course of running a business.

"Our most important role is to help assure that the processes we rely on to meet our business strategies and goals are effective and working as designed," said Steve. "To use a sports analogy, if the key to our screen pass strategy is a two second delay before the line releases, we test to see if we are sticking with two seconds in practice and in games, and let the coach know the results. The coach can then adjust play execution to get the best results. Working together helps T&B win."

Prior to joining T&B, Steve was a partner and chief internal auditor at Deloitte, and vice president enterprise risk management at Harrah's Entertainment. He also served in a number of global finance, information technology and operating leadership roles at International Paper and Pennzoil prior to joining Harrah's.

Steve is a Certified Public Accountant and Certified Information Technology Professional and earned a Bachelor degree in Business Administration in Accounting from Christian Brothers University in Memphis, Tenn.

 

 

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