In a competition among some of the very best companies in Alabama and the southeast, Mayer’s David Morgan earned top recognition in the class. The competition was to identify and honor the best CFOs. It was sponsored by the Birmingham Business Journal. Those in the competition came from diverse backgrounds. Some came from Wall Street while others have a science background. Public companies and private companies were in the competition.
David Morgan joined Mayer back in 1995 when its revenues were $250 million. In 2008, sales were nearly $700 million. David’s behind the scenes work on a number of branch start-ups, acquisitions, and expansions have helped the company grow successfully, and in the process, put Mayer in the position of a having a strong balance sheet.
David and the accounting and finance team he have built, led, and carefully managed the financial side of the ledger with outstanding skill, leadership, values, and ethical principals. While a private company, under David’s leadership, Mayer has set the standard for financial reporting and compliance above and beyond regulatory and banking requirements. Speaking of Mayer’s banking partners, David related “…those guys are under a tremendous amount of scrutiny right now, which has resulted in them looking at their clients with a much keener eye. We are very comfortable with it and have been well prepared.”
Even though sharing more information with bankers than is required has paid off for the business, Morgan said it’s actually something that results from the vision of Mayer’s leadership, and its desire to be a good business partner. As David emphasized, “All of Mayer’s suppliers, which include our banking and financial partners, fall under one of just three key segments of the company’s Vision Statement: To be the “First ChoiceSM of Customers, Associates, and Suppliers.”