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The biography and position statement of the 2017 IEEE Treasurer is listed below.

 

John Walz

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Biography:

John W. Walz retired from Lucent Technologies / AT&T with more than 20 years of management/coaching experience, covering positions in hardware and software engineering, quality planning and auditing, standards development and implementation, and strategic planning. Walz has coauthored three books covering the use of IEEE Software Engineering Standards to support CMMI, ISO 9001, and Lean Six Sigma. He is also a contributor to the Computer Society ReadyNotes, industry webinar programs, and IEEE 730:2015.

As Telecom management consultant, provided experience in bid preparation, project budgets, and expense reporting.

As AT&T/Lucent technical manger, provided and monitored budgets; submitted budgets for project cost reduction and investment projects; and worked transitions from declining projects to emerging projects.

As college fraternity treasurer, worked turnaround moving from deficit to healthy reserves. Received BS and MS in electrical engineering from Ohio State University

Activities| Region:

2014-2016 Co-Chair, Board New Initiatives Seed Grant on Chapters Recordings and Distribution for R4 and R6, designed process to create new recordings IP revenue for participating Societies and their Chapters. Presented workshops to R3, R4, R5, R6, & R9.

Activities| Societies:

As Audit Chair, worked with Finance to accurately determine Reserves Risks for Spending Rules. Supported Finance team to engage external auditors to finish FM13 by end of March 2016. As IEEE Director, served on two IT ad hoc to better integrate revenue producing OUs with central IT capabilities, with a focus on reducing the rate of rising expenses. As TAB Finance Committee Member, supported Transparency efforts so prioritization and process improvements could reduce future expenses.

As Treasurer, Life Sciences Technical Community, supported sponsorship to financially sustainable conferences with co-sponsors.

As Conference Committee member, supported expansion of academic conferences to include industry practitioners with potential of higher attendance resulting in higher conference net.

As IEEE Conference Publications Committee member:

  • Alerted staff on manual, outsourced indexing expense, which resulted in staff negotiated cost savings
  • Instigated process reviews which resulted in motions to stop obsolete conference paper acquisition payments to sponsored Conferences, resulting in improved conference finances
  • Supported net publications revenue tool development so Societies could review their conference portfolio for underperforming conferences

As Computer Society President, supported efforts for financial recovery and future growth for improved revenues. Also dedicated to increasing the value proposition provided to membership. As Society Technical and Conference VP, initiated a Vitality criteria, assessment, and coaching process that resulted in sunsetting under performing technical areas. As Chair Society Conferences finances ad hoc, provides revenue growth and expense reduction recommendations to the Treasurer and the Board.

Why should we select you to serve in this position?:

As member of the Board and Chair of Audit, understand nonprofit organization best practices and internal controls over financial records and a deep understanding of the complexities of IEEE finance.

As member of TAB FinCom and past President of Computer Society,

  1. Understand areas of accounting, budgeting, forecasting, cash flow, assets, and tax principles.
  2. Possesses financial experience relative to budgets and operations.
  3. From industry and volunteer experience, have ability to clearly present complex financial issues in an informative and unbiased manner.
  4. As a senior volunteer since 1990, possess knowledge of the IEEE and its mission, structure, goals, needs, and direction.
  5. Worked on many IEEE projects employing collaboration, leadership service, and negotiation skills.
  6. Retired and have the time for this position.
  7. I like spreadsheets.

Position Statement:

Continue the work by financial staff, IEEE, major OU FinCom (TAB & MGA):

  1. Improve the transparency, clarity, and integrity of IEEE & OU financial reports on revenue streams and cost centers for better volunteer oversight, including volunteer leaders ability to obtain clear financial information (P&L) at individual product (periodical and major conference) level.
  2. Help Board to understand important financial trends and lessons learned; such as usage of LTIF (stock market/investment trends), effects of spending rules on long-term financial stability, and changes to budgeting process and revenue targets.
  3. Ensure Board intents and actions to meet IEEE 2030 Strategies are achieved through approved budgets, correctly reflected in financial accounts, meet internal controls, and show transparency to the affected staff and volunteer organizations, whose annual results will show their accountability.
  4. Improve OU quarterly forecasting so unused funds are redirected to either deficit reduction or investment in projects with high ROI. These high ROI projects need rigor of IPR and NIC, risk management analysis, project management resources, and reporting support to enhance OU ability to accurately forecast, plan expenditures and carry across multiple budget years for high quality completion with positive ROI or sunsetting.
  5. Challenge OU targets to previous year actuals and relevant benchmarks and planned process improvements leading to cost reductions.
  6. From Jan16 Finance Syntegration, complete, deploy, and utilized simplified chart of accounts, Project Sub-ledger, and mapping project for better budgeting, forecasting, and trend analysis by OU Finance Chairs.
  7. Allow OU to request for government grants.
 
 

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Description of IEEE Officer Positions

Learn more about the qualifications, roles and responsibilities of the IEEE Officers, and other members of the IEEE Board of Directors.