Big-D CFO Larry Worrell Named 2011 CFO of the Year Award Winner by Utah Business

Larry Worrell has been selected by Utah Business as a CFO of the Year Award Winner (along with 11 other top financial leaders in the State of Utah). An awards luncheon will be held next Wednesday to celebrate Larry and the other recipients.

These awards recognize CFO’s who triumphantly take on the challenging role of securing a corporation’s future and ensuring their company’s short- and long-term success.

Big-D Construction would like to thank Larry for always Thinking Big and representing Big-D at the highest level, in turn ensuring our success and continued growth.

See below for what Utah Business had to say about Larry in their June 2011 issue:

Larry Worrell

Senior Vice President and CFO | Big-D Construction

Larry Worrell joined Big-D Construction in 2002 during a very challenging time: the national economy was still reeling from the September 11 attacks, and the construction industry in Utah had come to a screeching halt due to the Olympics. As CFO, Worrell helped guide the company through the rough period by reorganizing its accounting functions, restructuring debt and improving cash management. The direct result: Big-D’s revenues grew from $210 million in 2003 to more than $680 million in 2008.

But Utah’s construction industry experienced another dramatic downturn in the following years. “2010 was a very difficult year with entire segments, such as private development, crashing to almost zero new activity,” says Worrell. “The actions we took were defensive in nature. We aggressively reduced costs. We accelerated our marketing efforts. We focused on exceeding the expectations of our loyal customer base so that as their businesses improved, Big-D would be the partner they turned to in meeting their construction needs.”

With a continued focus on cost control, risk management and core operations, Worrell is positioning the company to take advantage of every opportunity the economic recovery will bring.

“Without a doubt, Larry has the technical skills,” says CEO Jack Livingood, “but Larry Worrell’s greatest attributes are his integrity, honesty and work ethic.”

Worrell’s guiding philosophy reflects this assessment. “Doing the right thing does not automatically make problems easier to solve and does not necessarily yield immediate positive results; however, doing the right thing is the only sustainable path to achieve your vision and goals,” he says. “I have never found a good business reason for doing the wrong thing.”

See the full article: http://utahbusiness.com/issues/articles/11149/2011/06/cfo_of_the_year